Shoals Technologies Group Inc Clas (SHLS) financials
Shoals Technologies Group Inc Clas revenue and earnings by year
Shoals Technologies Group Inc Clas's revenue was $475 million in the fiscal year to December 31, 2025, up 19.1% from the year before. Net income was $33.6 million, 7.1% of revenue. Since the fiscal year to December 31, 2018, revenue has grown 24.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 8 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 475 | 399 | 489 | 327 | 213 | 176 | 144 | 104 |
| Revenue growth | 19.1% | -18.4% | 49.6% | 53.3% | 21.5% | 21.5% | 39.3% | — |
| Gross profit | 167 | 142 | 168 | 131 | 83 | 67 | 44 | 28 |
| Gross margin | 35.0% | 35.6% | 34.4% | 40.2% | 38.8% | 37.9% | 30.6% | 27.1% |
| Operating income | 58 | 51 | 79 | 66 | 36 | 37 | 27 | 11 |
| Operating margin | 12.2% | 12.8% | 16.2% | 20.3% | 17.0% | 21.2% | 18.6% | 10.7% |
| Net income | 34 | 24 | 40 | 128 | 2 | 34 | 25 | 9 |
| Net margin | 7.1% | 6.0% | 8.2% | 39.0% | 1.1% | 19.2% | 17.4% | 8.3% |
| Diluted EPS | $0.20 | $0.14 | $0.24 | $0.85 | $0.00 | — | — | — |
| Free cash flow | -11 | 72 | 81 | 36 | -8 | 51 | 34 | 2 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open SHLS in Markets.
How Shoals Technologies Group Inc Clas makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| System Solutions | $114M | 69.9% |
| Components | $49.2M | 30.1% |
See also: SHLS valuation and P/E history · SHLS returns
No forecast, no recommendation. This page describes Shoals Technologies Group Inc Clas from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.