Search SHLS
Shoals Technologies Group, Inc.
Nasdaq · CIK 1831651
Last close8.3
Daily change+0.17 (2.09%)
10 Years gain-74.85%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
SHLS · STANDARD
SIC 3674 · Semiconductors & Related Devices · Fiscal year end 1231
Fundamental
47.6Momentum
53.2Acceleration
58.0Confidence
83.0Annual Revenue7
Quarterly Revenue23
Annual CFO7
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth18.1 / 25
Quality3.2 / 25
Capital Efficiency6.3 / 20
Balance Sheet15.0 / 15
Shareholder Economics0.0 / 10
Forward Indicators5.0 / 5
Signals
Operating leverageOperating margin improved by 0.6314 percentage points.
ROIC expansionROIC improved by 3.0334 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Warnings
Receivables anomaly · MEDIUMAccounts receivable growth is materially above revenue growth.
Inventory anomaly · MEDIUMInventory growth is materially above revenue growth.
Possible growth trap · HIGHRevenue growth is high, but quality indicators are deteriorating.
Key Metrics
Revenue Growth TTM47.77%OK
Revenue CAGR 3Y13.29%OK
Gross Margin33.05%OK
Operating Margin11.1%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC7.41%OK
Incremental Operating Margin 3Y7.37%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y1.83%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $475.33M | $166.51M | $56.39M | $17.07M | -$15.98M | 35.03% | 11.86% | -3.36% | 6.16% | 168.38M |
| 2025 FY Dec 31, 2024 | $399.21M | $142.02M | $51.17M | $80.39M | $72.00M | 35.57% | 12.82% | 18.03% | 4.82% | 168.73M |
| 2025 FY Dec 31, 2023 | $488.94M | $168.30M | $79.04M | $91.96M | $81.38M | 34.42% | 16.16% | 16.64% | 10.02% | 164.5M |
| 2024 FY Dec 31, 2022 | $326.94M | $131.31M | $66.33M | $39.46M | $36.30M | 40.16% | 20.29% | 11.1% | 16.29% | 167.63M |
| 2023 FY Dec 31, 2021 | $213.21M | $82.65M | $36.23M | -$4.08M | -$8.21M | 38.76% | 16.99% | -3.85% | 17.33% | 99.27M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $550.57M | sum latest 4 fiscal quarters Revenue | OK | 0001831651-26-000108, 0001831651-25-000093 |
| Revenue Growth TTM | 47.77% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001831651-26-000108, 0001831651-25-000093 |
| Revenue CAGR 3Y | 13.29% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001831651-26-000021 |
| Revenue CAGR 5Y | 22.05% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001831651-26-000021 |
| Gross Profit CAGR 3Y | 8.24% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001831651-26-000021 |
| Operating Income Growth | 56.69% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001831651-26-000108, 0001831651-25-000093 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 33.05% | Gross Profit / Revenue | OK | 0001831651-26-000108, 0001831651-25-000093 |
| Operating Margin | 11.1% | Operating Income / Revenue | OK | 0001831651-26-000108, 0001831651-25-000093 |
| ROIC | 7.41% | NOPAT / Average Invested Capital | OK | 0001831651-26-000108, 0001831651-25-000093 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001831651-26-000108 |
| Current Ratio | 2.25x | Current Assets / Current Liabilities | OK | derived |
| Revenue per Diluted Share | $3.24 | Revenue / Diluted Shares | OK | 0001831651-26-000108, 0001831651-25-000093 |
| SBC / FCF | n/a | SBC / FCF | NOT_MEANINGFUL | derived |