Company profile · free preview
Shoals Technologies
SHLS · Updated 11/13/2026
Revenue
$475.3M
Fiscal 2025
Net income
$33.6M
Fiscal 2025
Free cash flow
(16.0M)
Fiscal 2025
Net cash / (debt)
—
Fiscal 2025
Five-year financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $475.3M | $399.2M | $488.9M | $326.9M | $213.2M |
| Net income | $33.6M | $24.1M | $40.0M | $127.6M | $2.3M |
| Diluted EPS | — | — | — | — | — |
| Operating cash flow | $17.1M | $80.4M | $92.0M | $39.5M | (4.1M) |
| Free cash flow | (16.0M) | $72.0M | $81.4M | $36.3M | (8.2M) |
| Cash | $7.3M | $23.5M | $22.7M | $8.8M | $5.0M |
| Total debt | — | — | — | — | — |
Financial trends
Historical · FY2021–FY2025
Source: Reported annual filings (10-K / 20-F) and provider data. Fiscal years as reported; margins are calculated from the reported figures shown.
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Create free accountWhere the cash went
Cumulative, fiscal 2021–2025, straight from the reported cash-flow statements.
Reinvested in capex
26.4%
of operating cash flow
Returned to owners
—
of free cash flow (buybacks + dividends)
Diluted share count
—
change 2021–2025
| Operating cash flow | $224.8M |
| Capital expenditure | ($59.3M) |
| Free cash flow | $165.5M |
| Share buybacks | — |
| Dividends paid | — |
| Acquisitions (net) | — |
| Net debt issued / (repaid) | — |
| Stock-based compensation (non-cash) | — |
"—" means a year didn't report that line, so no total is shown rather than an estimate.
Shoals Technologies return on capital (fiscal 2025)
ROIC
5.3%
Return on capital
5.5%
Return on equity
5.8%
Return on assets
4.0%
Gross margin
35.0%
Operating margin
11.9%
Net debt / EBITDA
1.84x
Shoals Technologies insider buying and selling
Recent open-market trades reported on Form 4. Context only — not a reason to buy or sell.
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | King Bobbie Lee Jr | Sale | 10,000 | $10.41 |
SEC filings
No filings stored yet.
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