SHLS - Shoals Technologies Group, Inc.

📈 Is growth accelerating? 7 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Revenue Growth YoY (%)	74.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+524%)	38.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+222%)	32.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+174%)	11.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	-11.5% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-196%)	-18.0% Weak → Weak Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-250%)	-23.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-299%)	-16.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-240%)	-13.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-213%)	37.8% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+215%)	47.8% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+298%)	62.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+418%)	54.6% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+355%)	97.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+708%)	51.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+331%)	23.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+92%)	49.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+309%)	24.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+100%)	13.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+15%)	37.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+213%)	11.9% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	—	—	—	—	—
EPS Growth YoY (%)	—	25.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	14.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	-60.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	100.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-36.4% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-70.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-89.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	175.0% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	400.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	250.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-20.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-5.3% Weak ↓ Weak Declining Year-over-year change in net income	3.9% Caution Caution Year-over-year change in net income	-5.6% Weak Weak Year-over-year change in net income	N/M	N/M	-52.9% Weak ↓ Weak Declining Year-over-year change in net income	97.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-37.6% Weak ↑ Weak Improving Year-over-year change in net income	-66.6% Weak ↓ Weak Declining Year-over-year change in net income	-85.3% Weak ↓ Weak Declining Year-over-year change in net income	N/M	329.9% Excellent → Excellent Stable Year-over-year change in net income	441.5% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	220.1% Excellent Excellent Year-over-year change in net income	-3.4% Weak Weak Year-over-year change in net income	N/M	N/M	-83.4% Weak Weak Year-over-year change in net income	-12.7% Weak Weak Year-over-year change in net income	N/M	—	—	—	—	—
FCF Growth YoY (%)	N/M	—	—	—	21.4% Good Good Year-over-year change in free cash flow	—	—	—	12.8% Fair Fair Year-over-year change in free cash flow	—	—	—	N/M	—	—	—	-19.6% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	10.2% Good ↓ Good Declining Compound annual revenue growth over 3 years	16.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	14.4% Good ↓ Good Declining Compound annual revenue growth over 3 years	14.7% Good ↓ Good Declining Compound annual revenue growth over 3 years	5.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	30.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	19.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	18.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	25.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	49.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	36.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	40.0% Excellent Excellent Compound annual revenue growth over 3 years	37.1% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	25.2% Excellent → Excellent Stable Compound annual revenue growth over 5 years	30.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	20.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	20.6% Excellent Excellent Compound annual revenue growth over 5 years	14.6% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	-62.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	0.0% Caution Caution Compound annual EPS growth over 3 years	26.0% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	11.9% Good Good Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Operating Margin (%) (%)	5.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	11.7% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	13.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	14.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-28%)	5.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	15.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-23%)	4.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-78%)	18.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	12.8% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	24.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+22%)	-7.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-139%)	26.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+33%)	24.8% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+24%)	24.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	22.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	17.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	14.7% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	5.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	16.0% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	23.6% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	21.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	18.5% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	28.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+44%)	12.5% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	23.5% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+17%)	—
Profit Margin (%) (%)	-0.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	5.5% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	-0.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	-0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	-0.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	7.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	-0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	11.9% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	5.3% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	12.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	-7.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-149%)	15.9% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	13.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	—	8.8% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	6.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	3.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	-3.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-125%)	4.2% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	7.6% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	-6.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-142%)	11.0% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	28.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+90%)	12.0% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	22.8% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+52%)	—
FCF Margin (%) (%)	-34.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-7.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.6% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-23.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.4% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	11.6% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—	—	11.4% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	18.0% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—	—	7.5% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	35.6% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-39.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	2.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-40.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	40.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	33.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	42.1% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	165.31x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.39x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-31.80x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	92.35x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-43.79x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.59x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	2.17x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.42x Good Good Free cash flow relative to reported net income Optimal: > 1x	—	—	0.55x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.30x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	-10.13x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-0.52x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	6.52x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.65x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.18x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.08x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.84x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Return on Invested Capital (%)	1.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	—	2.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	—	2.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	10.0% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	5.4% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	—	-1.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	2.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	—	5.2% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	3.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	—	3.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	3.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—
Return on Capital (%) (%)	0.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	—	-1.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.2% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	—	3.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	—	2.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	5.2% Caution Caution Operating profit relative to total assets Optimal: > 10%	3.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—
Return on Common Equity (%) (%)	-0.0% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-100%)	—	-0.0% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-100%)	-0.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-100%)	-0.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-100%)	—	—	—	—	—	-1.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-110%)	3.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-81%)	2.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-85%)	—	30.1% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+63%)	29.0% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+57%)	33.5% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+81%)	—	290.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1472%)	-30.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-265%)	14.1% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-24%)	—	—	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Debt to Equity (x)	—	—	0.21x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-52%)	0.23x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-49%)	0.25x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	—	—	—	—	—	0.36x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-19%)	0.40x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-12%)	0.47x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	—	10.49x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+2230%)	18.26x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+3957%)	35.74x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+7843%)	—	295.06x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+65469%)	-16.20x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-3700%)	-11.45x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-2644%)	—	—	—	—	—
Interest Coverage (x)	2.98x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	7.38x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	7.48x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	8.10x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	1.89x Caution Caution Operating income divided by interest expense Optimal: > 5x	5.81x Good Good Operating income divided by interest expense Optimal: > 5x	—	—	2.66x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	5.57x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	-1.79x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	4.86x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.35x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	5.24x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.20x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.11x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.61x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.74x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.67x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.89x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	2.67x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.46x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	145.24x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	24.21x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	35.17x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-1.88M	$-7.32M	$118.16M	$127.06M	$106.14M	$-23.51M	$130.64M	$143.56M	$153.51M	—	$181.16M	$204.75M	$229.38M	—	$265.73M	$266.56M	$279.30M	$-5.01M	$238.09M	$228.19M	$227.72M	$-10.07M	—	—	—	—
Debt / EBITDA (x)	—	—	5.75x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.81x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	18.65x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	24.34x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.38x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	11.57x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	-19.29x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.53x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.24x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	13.53x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	20.52x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	22.19x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	25.07x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	16.65x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	18.87x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Revenue per Share (USD)	$0.84	—	$0.81	$0.66	$0.48	—	$0.61	$0.58	$0.53	—	$0.79	$0.70	$0.72	—	$0.80	$0.65	$0.61	—	$0.59	$0.64	$0.49	—	—	—	—	—
Basic EPS, GAAP (USD)	$0.00	$0.05	$0.07	$0.08	$0.00	$0.04	$0.00	$0.07	$0.03	$0.10	$-0.06	$0.11	$0.10	$0.98	$0.07	$0.04	$0.02	$-0.02	$0.02	$0.05	$-0.06	—	—	—	—	—
Free Cash Flow per Share (USD)	$-0.29	—	$0.05	$-0.16	$0.07	—	—	—	$0.06	—	—	—	$0.05	—	—	—	$-0.24	—	—	—	$-0.20	—	—	—	—	—
Book Value per Share (USD)	$3.59	—	$3.52	$3.44	$3.35	—	—	—	—	—	$3.09	$3.12	$3.46	—	$0.23	$0.13	$0.07	—	$0.01	$-0.16	$-0.22	—	—	—	—	—
Tangible Book Value per Share (USD)	$3.17	—	$3.11	$3.02	$2.93	—	—	—	—	—	$2.68	$2.70	$2.98	—	$-0.39	$-0.49	$-0.55	—	$-0.67	$-0.70	$-0.75	—	—	—	—	—
Basic Weighted Avg Shares (shares)	167.56M	—	167.37M	167.29M	166.96M	—	167.32M	169.99M	170.28M	—	169.97M	169.89M	146.41M	—	112.97M	112.49M	112.21M	—	101.89M	93.54M	93.54M	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Working Capital (USD)	$174.24M	$130.56M	$109.32M	$108.73M	$107.46M	$107.44M	$98.86M	$98.99M	$128.86M	—	$129.83M	$122.93M	$118.59M	—	$112.81M	$101.15M	$98.99M	—	$73.09M	$64.29M	$44.99M	—	—	—	—	—
LT Debt (USD)	—	—	$126.75M	$131.75M	$141.75M	—	$141.75M	$146.75M	$168.75M	—	$190.38M	$210.61M	$235.84M	—	$276.93M	$276.65M	$281.83M	—	$252.28M	$241.36M	$231.95M	—	—	—	—	—
Total Equity (USD)	$601.65M	—	$589.64M	$575.41M	$558.93M	—	—	—	—	—	$524.64M	$529.40M	$506.08M	—	$26.41M	$15.15M	$7.88M	—	$855.00K	$-14.90M	$-20.27M	—	—	—	—	—

📋 What is driving earnings? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Sales/Revenue/Turnover (USD)	$140.56M	$148.32M	$135.80M	$110.84M	$80.36M	$106.99M	$102.17M	$99.25M	$90.81M	$130.44M	$134.21M	$119.21M	$105.09M	$94.65M	$90.82M	$73.49M	$67.98M	$48.05M	$59.84M	$59.72M	$45.60M	$38.75M	$52.60M	$43.43M	$40.74M	—
Depreciation Expense (USD)	$4.10M	$3.83M	$3.36M	$3.33M	$3.29M	$3.29M	$1.30M	$1.30M	$3.00M	$2.79M	$700.00K	$600.00K	$2.51M	$2.51M	$500.00K	$500.00K	$2.69M	$2.71M	$500.00K	$400.00K	$2.40M	$2.39M	$2.36M	$2.33M	$2.32M	—
Net Income, GAAP (USD)	$-297.00K	$8.12M	$-282.00K	$-282.00K	$-282.00K	$7.82M	$-267.00K	$11.80M	$4.77M	$16.58M	$-9.83M	$18.92M	$14.30M	$112.61M	$7.96M	$4.40M	$2.64M	$-1.84M	$2.49M	$4.56M	$-2.86M	$4.25M	$15.00M	$5.22M	$9.29M	—
Operating Cash Flow (USD)	$-41.45M	$-4.09M	$19.42M	$-13.82M	$15.56M	$13.99M	—	—	$12.86M	$26.45M	—	—	$9.91M	$34.44M	—	—	$-25.86M	$2.60M	—	—	$-17.78M	$15.97M	$19.19M	$990.00K	$17.94M	—

Shoals Technologies Group, Inc.

Analytical Summary

26-Year Financial Trajectory

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