Shoals Technologies Group, Inc.

SHLS

Shoals Technologies Group, Inc.

SHLS

Insider Sentiment (TTM):

Last Purchase:2025-03-12Last Sale:2026-06-16Shares Purchased (TTM):0Shares Sold (TTM):71,069

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:150,108,037Shares Outstanding:167,555,000Institutional Ownership Pct.:89.59%

Earnings Market Reaction:

Filing Date:2026-08-04Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Common Class B	-	-	-	-	-	-	0	0	0	0	0	0
Common Class A	-	168	0	167	-167	167	0	-2	-2	170	0	0
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	16	2	7	9	5	36	24	11	3	15	23	9
Accounts Receivable Net Current	135	129	129	117	103	68	78	95	92	103	107	109
Contract With Customer Asset Net Current	23	15	22	8	10	10	21	14	17	23	40	29
Inventory Net	185	159	90	60	57	61	56	66	60	60	53	61
Insurance Settlements Receivable Current	0	65	-	-	-	-	-	-	-	-	-	-
Other Assets Current	11	13	10	7	15	13	10	5	5	7	4	7
Assets Current	369	383	258	201	190	188	188	191	177	208	227	214
Property Plant And Equipment Net	63	59	53	49	42	30	28	28	27	26	25	23
Goodwill	70	70	70	70	70	70	70	70	70	70	70	70
Finite Lived Intangible Assets Net	30	32	33	35	37	39	41	43	45	47	49	51
Deferred Income Tax Assets Net	435	438	438	444	448	452	454	460	462	466	468	477
Operating Lease Right Of Use Asset	44	45	46	47	-	-	2	-	-	-	-	-
Other Assets Noncurrent	6	5	5	5	8	10	10	10	8	8	5	6
Assets	1,017	1,031	904	852	795	788	793	801	788	825	844	840
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	66	80	65	34	29	27	20	24	16	16	14	17
Accrued Liabilities And Other Liabilities	35	26	22	27	17	12	13	13	10	10	23	22
Litigation Reserve Current	4	70	-	-	-	-	-	-	-	-	-	-
Product Warranty Accrual Classified Current	3	1	3	5	15	26	30	35	31	32	31	17
Contract With Customer Liability Current	55	30	37	26	20	15	19	21	21	22	22	27
Liabilities Current	164	208	127	92	81	80	81	92	78	80	93	84
Secured Debt Current	-	-	-	-	-	-	0	0	0	0	2	2
Long Term Line Of Credit	197	182	137	127	132	142	142	142	147	169	40	0
Operating Lease Liability Noncurrent	37	38	39	39	-	-	1	-	-	-	-	-
Product Warranty Accrual Noncurrent	0	0	0	3	5	5	11	20	16	20	24	39
Other Liabilities Noncurrent	1	1	1	1	2	2	1	2	3	3	3	3
Liabilities	400	429	304	262	220	229	236	256	244	271	299	316
Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	498	495	493	491	489	486	484	480	469	475	471	467
Treasury Stock Common Value	-25	-25	-25	-25	-25	-25	-25	-25	-15	-	0	-
Retained Earnings Accumulated Deficit	144	132	132	124	112	98	99	91	91	79	74	58
Stockholders Equity	617	602	600	590	575	559	557	545	545	554	545	525
Minority Interest	-	-	-	-	-	-	-	-	-	-	0	0
Liabilities And Stockholders Equity	1,017	1,031	904	852	795	788	793	801	788	825	844	840
Preferred Stock Par Or Stated Value Per Share	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Authorized	5	5	5	5	5	5	5	5	5	5	5	5
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Treasury Stock Common Shares	4	4	4	4	4	4	4	4	2	-	0	-

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	53.14%	10.70%	15.50%	-	-	-	-	-	-	-	-	-
2025	7.03%	7.26%	32.43%	39.40%	64.03%	130.19%	-9.20%	-0.32%	-0.22%	-10.75%	4.75%	51.13%
2024	-10.57%	-29.09%	-23.52%	-2.00%	6.00%	-5.64%	-6.60%	22.27%	-1.44%	-22.39%	-20.75%	13.83%
2023	-	-	-	-	-	-	-8.63%	-4.25%	-17.87%	-21.25%	-46.13%	-58.35%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	2.25	1.84	2.03	2.19	2.34	2.34	2.33	2.08	2.26	2.62	2.45	2.54
Quick Ratio	1.12	1.07	1.32	1.53	1.64	1.58	1.64	1.36	1.50	1.87	1.88	1.82
Working Capital	204.98M	174.24M	130.56M	109.32M	108.73M	107.46M	107.44M	98.86M	98.99M	128.86M	134.56M	129.83M
Leverage & Debt
Debt to Equity	0.65	0.71	0.51	0.44	0.38	0.41	0.42	0.47	0.45	0.49	0.55	0.60
Interest Coverage TTM	5.33	5.70	5.64	5.33	3.85	3.73	3.73	4.03	2.68	2.87	3.28	2.92
Debt Ratio	0.39	0.42	0.34	0.31	0.28	0.29	0.30	0.32	0.31	0.33	0.35	0.38
Efficiency & Turnover
Asset Turnover TTM	0.65	0.59	0.56	0.53	0.51	0.48	0.49	0.51	0.57	0.58	0.68	0.66
Days Sales Outstanding TTM	73.94	67.10	79.47	89.47	89.21	80.32	84.71	88.17	76.00	68.75	58.86	72.71
Receivables Turnover TTM	4.94	5.44	4.59	4.08	4.09	4.54	4.31	4.14	4.80	5.31	6.20	5.02
Per Share Metrics
Diluted EPS TTM	0.19	0.20	0.20	0.20	0.13	0.11	0.14	0.20	0.14	0.18	0.26	0.82
Free Cash Flow Per Share TTM	0.05	-0.46	-0.10	-0.03	-0.00	0.44	0.43	0.50	0.55	0.49	0.50	0.54
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	31.92%	33.50%	35.03%	36.82%	33.70%	34.39%	35.57%	37.20%	32.11%	32.97%	34.42%	33.83%
Operating Profit Margin TTM	10.63%	11.16%	11.86%	12.78%	10.32%	11.29%	12.82%	15.75%	11.32%	13.59%	16.16%	15.57%
Net Profit Margin TTM	5.41%	6.27%	7.06%	7.67%	5.28%	4.91%	6.04%	7.78%	5.13%	6.42%	8.73%	30.61%
Growth Metrics
Net Revenue Growth (1Y)	46.88%	37.75%	19.07%	2.68%	-11.95%	-18.10%	-18.35%	-6.73%	10.97%	30.38%	49.55%	61.65%
Net Income Growth (1Y)	50.74%	75.97%	39.16%	1.15%	-9.46%	-37.37%	-43.44%	-76.28%	-85.09%	-78.55%	-66.57%	2,300.73%
EPS Growth (1Y)	50.05%	75.34%	40.25%	1.12%	-7.99%	-36.13%	-44.92%	-75.91%	-85.10%	-81.56%	-76.68%	1,495.75%
Valuation Metrics
P/E TTM	52.25	32.85	42.34	37.28	33.66	29.07	38.64	28.54	45.47	62.52	59.80	22.37
P/B TTM	2.70	1.83	2.37	2.10	1.24	0.99	1.67	1.72	1.95	3.44	4.68	5.91
P/S TTM	2.83	2.06	2.99	2.86	1.78	1.43	2.34	2.22	2.33	4.01	5.22	6.85
Market Cap	1.66B	1.10B	1.42B	1.24B	710.97M	554.31M	932.19M	938.65M	1.06B	1.90B	2.55B	3.10B
Enterprise Value	1.65B	1.10B	1.41B	1.23B	706.28M	518.70M	908.68M	927.55M	1.06B	1.89B	2.55B	3.09B
Calculated Values
Free Cash Flow TTM	8.59M	-77.42M	-15.98M	-4.62M	-263.00K	73.97M	72.00M	83.05M	94.14M	83.84M	81.38M	91.55M
Net Debt	-15.72M	-1.88M	-7.32M	-8.59M	-4.69M	-35.61M	-23.51M	-11.11M	-3.19M	-15.24M	837.00K	-7.22M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-16Sale

Owner: King, Bobbie Lee Jr

Title: Chief Legal Officer

Shares: 10,000

Price/Share: $10.41

Value: $104,100.00

Shares Owned: 98,918

Relationship: Officer

Ownership: Direct

2026-05-08Sale

Owner: Bardos, Dominic

Title: Chief Financial Officer

Shares: 54,449

Price/Share: $8.48

Value: $461,727.52

Shares Owned: 394,979

Relationship: Officer

Ownership: Direct

2025-12-05Sale

Owner: Tolnar, Jeffery

Title: President

Shares: 2,450

Price/Share: $7.85

Value: $19,232.50

Shares Owned: 249,561

Relationship: Officer

Ownership: Direct

2025-12-05Sale

Owner: Bardos, Dominic

Title: Chief Financial Officer

Shares: 4,170

Price/Share: $7.83

Value: $32,651.10

Shares Owned: 412,289

Relationship: Officer

Ownership: Direct

2025-03-12Purchase

Owner: Bardos, Dominic

Title: Chief Financial Officer

Shares: 35,000

Price/Share: $2.80

Value: $98,000.00

Shares Owned: 418,217

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-16	King, Bobbie Lee Jr	Officer	Chief Legal Officer	Direct	Sale	10,000	10.41	$104,100.00	98,918	4
2026-05-08	Bardos, Dominic	Officer	Chief Financial Officer	Direct	Sale	54,449	8.48	$461,727.52	394,979	4
2025-12-05	Tolnar, Jeffery	Officer	President	Direct	Sale	2,450	7.85	$19,232.50	249,561	4
2025-12-05	Bardos, Dominic	Officer	Chief Financial Officer	Direct	Sale	4,170	7.83	$32,651.10	412,289	4
2025-03-12	Bardos, Dominic	Officer	Chief Financial Officer	Direct	Purchase	35,000	2.80	$98,000.00	418,217	4
2025-03-10	Lund, Inez	Officer	Chief Accounting Officer	Direct	Sale	1,900	2.92	$5,548.00	61,134	4
2025-03-10	Tolnar, Jeffery	Officer	President	Direct	Sale	2,700	2.88	$7,776.00	253,426	4
2025-03-05	Moss, Brandon	Director,Officer	Chief Executive Officer	Direct	Sale	21,700	3.07	$66,619.00	1,051,303	4
2025-03-05	Lund, Inez	Officer	Chief Accounting Officer	Direct	Sale	1,025	3.11	$3,187.75	63,034	4
2025-03-05	Bardos, Dominic	Officer	Chief Financial Officer	Direct	Sale	7,450	3.09	$23,020.50	383,217	4
2025-03-05	Tolnar, Jeffery	Officer	President	Direct	Sale	5,800	3.07	$17,806.00	256,126	4
2024-12-05	Tolnar, Jeffery	Officer	President	Direct	Sale	1,310	4.65	$6,091.50	124,451	4
2024-12-05	Lund, Inez	Officer	Chief Accounting Officer	Direct	Sale	850	4.72	$4,012.00	36,825	4
2024-12-05	Bardos, Dominic	Officer	Chief Financial Officer	Direct	Sale	4,300	4.69	$20,167.00	236,109	4
2024-11-22	Bardos, Dominic	Officer	Chief Financial Officer	Direct	Purchase	15,000	4.71	$70,650.00	240,409	4
2024-11-21	Moss, Brandon	Director,Officer	Chief Executive Officer	Direct	Purchase	22,300	4.55	$101,465.00	593,700	4
2024-09-16	Tolnar, Jeffery	Officer	President	Direct	Sale	2,110	6.34	$13,377.40	125,761	4
2024-09-16	Lund, Inez	Officer	Chief Accounting Officer	Direct	Sale	350	6.33	$2,215.50	37,675	4
2024-03-08	Tolnar, Jeffery	Officer	President	Direct	Sale	2,750	13.04	$35,860.00	96,391	4
2024-03-08	Lund, Inez	Officer	Chief Accounting Officer	Direct	Sale	1,940	13.05	$25,317.00	21,577	4
2024-03-08	Peetz, Mehgan	Officer	General Counsel	Direct	Sale	3,160	13.04	$41,206.40	105,201	4
2023-12-05	Bardos, Dominic	Officer	Chief Financial Officer	Direct	Sale	4,200	14.24	$59,808.00	66,925	4
2023-12-05	Tolnar, Jeffery	Officer	President	Direct	Sale	2,500	14.15	$35,375.00	60,154	4
2023-12-05	Peetz, Mehgan	Officer	General Counsel	Direct	Sale	3,310	14.21	$47,035.10	78,075	4
2023-09-14	Tolnar, Jeffery	Officer	President	Direct	Sale	1,975	21.66	$42,778.50	62,654	4
2023-09-14	Peetz, Mehgan	Officer	General Counsel	Direct	Sale	1,990	21.58	$42,944.20	81,385	4
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Institutional Ownership

No data available for chart

2026-03-31

89.59%

Inst. Shares: 150,108,037

Shares Outstanding: 167,555,000

2025-12-31

93.79%

Inst. Shares: 156,872,204

Shares Outstanding: 167,257,000

2025-09-30

95.40%

Inst. Shares: 159,664,509

Shares Outstanding: 167,369,000

2025-06-30

99.82%

Inst. Shares: 166,979,997

Shares Outstanding: 167,286,000

2025-03-31

98.51%

Inst. Shares: 164,474,215

Shares Outstanding: 166,960,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	150,108,037	167,555,000	89.59%
2025-12-31	156,872,204	167,257,000	93.79%
2025-09-30	159,664,509	167,369,000	95.40%
2025-06-30	166,979,997	167,286,000	99.82%
2025-03-31	164,474,215	166,960,000	98.51%
2024-12-31	164,988,017	168,570,000	97.88%
2024-09-30	158,166,099	167,318,000	94.53%
2024-06-30	179,522,416	169,991,000	105.61%
2024-03-31	173,499,753	170,282,000	101.89%
2023-12-31	175,295,420	164,165,000	106.78%
2023-09-30	164,708,738	169,965,000	96.91%
2023-06-30	160,824,110	169,887,000	94.67%
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Shoals Technologies Group, Inc. (SHLS) — SEC Financial Statements & Analysis

Shoals Technologies Group, Inc. (SHLS) is a semiconductors & related devices company, incorporated in DE. Shoals Technologies Group, Inc. trades on Nasdaq as: SHLS. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Shoals Technologies Group, Inc. reported a 46.88% year-over-year revenue growth, a Gross Profit Margin of 31.92% (TTM), a Debt-to-Equity ratio of 0.65x, a Price-to-Sales (P/S) ratio of 2.83x (TTM), a Price-to-Book (P/B) ratio of 2.70x (TTM), at a market cap of $1.66B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 46.88%
Gross Profit Margin TTM: 31.92%
Debt To Equity: 0.65x
P/S TTM: 2.83x
P/B TTM: 2.70x
Market Cap: $1.66B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Shoals Technologies Group, Inc. in?

Shoals Technologies Group, Inc. (SHLS) operates in the Semiconductors & Related Devices industry.

What is SHLS's market cap?

Shoals Technologies Group, Inc. (SHLS) has a market capitalization of $1.66B as of 2026-06-30.

What is SHLS's P/E ratio?

Shoals Technologies Group, Inc. (SHLS)'s trailing twelve month P/E ratio is 52.25x as of 2026-06-30.

What exchange does SHLS trade on?

Shoals Technologies Group, Inc. (SHLS) trades on the Nasdaq.

Where is Shoals Technologies Group, Inc. incorporated?

Shoals Technologies Group, Inc. is incorporated in DE.