SHLS

Shoals Technologies Group, Inc. Information Technology Semiconductors & Related Devices Russell 3000
$7.20Close $5.71 – $12.7752-week range Nov 4, 2026Next report · before the open

Highlights

Cautions

  • Not in an uptrend 1 of 8 trend conditions
  • Lagging the market RS 13 · weaker than 87% of stocks over 12 months
  • Far from its high 44% below its 52-week high
  • Earnings shrinking EPS −14% year on year
  • Results soon Nov 4, 2026, in 3 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 4, 2026
Off 12-month high 44%
1wk down 5.0% price change
1mo down 11.1% price change
12-month return down 29% market up 11% · its own down 43%
F-score — — Not assessed
Altman Z — Unknown
P/E — price / earnings
PEG — P/E / EPS growth
P/B — price / book
Earnings yield — EBIT / enterprise value
Cheaper than — of the market · not assessed
Revenue growth up 19% year on year
EPS growth down 14% latest quarter
Sales growth up 47% latest quarter · -28 pts
ROE up 6% return on equity
Free cash margin down 3% -$16.0M FCF
D/E 0.23 long-term debt / equity
Net debt / EBITDA 1.8×
Interest cover —EBIT / interest
Piotroski tests

Repair signals

  • Revenue reaccelerating (-18% then +19%)

Trade setup

ATR% 6.6% $0.48 a day · 2×ATR $6.25
RS 13 / 99 vs the universe
Trend 1 / 8 trend template
Relative volume 0.9× vs 50-day average
Up/down volume 1.19 50 sessions
Implied move — no option chain · report Nov 4, 2026
Trend template · 1 of 8
  • 150-day average above the 200-day: passes

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Profit not backed by cash Reported profit of $33.6M came with $17.1M of operating cash flow. Profit that cash does not follow is the classic signature of aggressive accounting.
Last reported Aug 4, 2026
Results reaction Aug 4, 2026-9% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $475.3M +19% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $175.5M FY2021 · $213.2M FY2022 · $326.9M FY2023 · $488.9M FY2024 · $399.2M FY2025 · $475.3M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $33.6M +39% on FY2024
$0 $200M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $33.8M FY2021 · $2.3M FY2022 · $127.6M FY2023 · $40.0M FY2024 · $24.1M FY2025 · $33.6M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$16.0M down to a loss
-$20M $0 $100M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $50.8M FY2021 · -$8.2M FY2022 · $36.3M FY2023 · $81.4M FY2024 · $72.0M FY2025 · -$16.0M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 35%
  • Net 7%
  • Free cash -3%
0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 38% · Net 19% · Free cash 29% FY2021 · Gross 39% · Net 1% · Free cash -4% FY2022 · Gross 40% · Net 39% · Free cash 11% FY2023 · Gross 34% · Net 8% · Free cash 17% FY2024 · Gross 36% · Net 6% · Free cash 18% FY2025 · Gross 35% · Net 7% · Free cash -3%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $129.4M net debt
  • Cash
  • Long-term debt
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $10.1M · Long-term debt $355.3M FY2021 · Cash $5.0M · Long-term debt $245.1M FY2022 · Cash $8.8M · Long-term debt $237.1M FY2023 · Cash $22.7M · Long-term debt $179.4M FY2024 · Cash $23.5M · Long-term debt $141.8M FY2025 · Cash $7.3M · Long-term debt $136.8M
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $175.5M $213.2M $326.9M $488.9M $399.2M $475.3M
Gross margin 38% 39% 40% 34% 36% 35%
Operating income $37.3M $36.2M $66.3M $79.0M $51.2M $56.4M
Net income $33.8M $2.3M $127.6M $40.0M $24.1M $33.6M
Net margin 19% 1% 39% 8% 6% 7%
Earnings per share — $0.02 $0.76 $0.24 $0.14 $0.20
Free cash flow $50.8M -$8.2M $36.3M $81.4M $72.0M -$16.0M
Free cash margin 29% -4% 11% 17% 18% -3%
Cash $10.1M $5.0M $8.8M $22.7M $23.5M $7.3M
Long-term debt $355.3M $245.1M $237.1M $179.4M $141.8M $136.8M
Shareholders' equity -$184.1M $2.6M $291.4M $545.0M $556.8M $600.0M

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 4, 2026 Quarterly ↗ Jun 30, 2026 35d
May 5, 2026 Quarterly ↗ Mar 31, 2026 35d
Feb 24, 2026 Annual ↗ Dec 31, 2025 55d
Nov 4, 2025 Quarterly ↗ Sep 30, 2025 35d
Aug 5, 2025 Quarterly ↗ Jun 30, 2025 36d
May 6, 2025 Quarterly ↗ Mar 31, 2025 36d
Feb 25, 2025 Annual ↗ Dec 31, 2024 56d
Nov 12, 2024 Quarterly ↗ Sep 30, 2024 43d
Aug 6, 2024 Quarterly ↗ Jun 30, 2024 37d
May 7, 2024 Quarterly ↗ Mar 31, 2024 37d
Feb 28, 2024 Annual ↗ Dec 31, 2023 59d
Nov 7, 2023 Quarterly ↗ Sep 30, 2023 38d

Current reports