Shoals Technologies Group, Inc. (SHLS) stock
SHLSNasdaqSemiconductors & Related DevicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 12/3014% below fair value
$8.29+0.22 (+2.73%)
Close on Nov 13, 2026Market cap $1.40BP/E 36.0Yield –
Shoals Technologies gross margin
Gross margin is gross profit as a percentage of revenue.
Shoals Technologies's gross margin for the twelve months ending Sep 30, 2026 was 30.9%. For fiscal 2025 it was 35.0%, against 35.6% the year before. The highest annual figure on record is 40.2% in fiscal 2022.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 35.0% | −0.5 |
| FY2024 | Dec 31, 2024 | 35.6% | +1.2 |
| FY2023 | Dec 31, 2023 | 34.4% | −5.7 |
| FY2022 | Dec 31, 2022 | 40.2% | +1.4 |
| FY2021 | Dec 31, 2021 | 38.8% | +0.8 |
| FY2020 | Dec 31, 2020 | 37.9% | +7.3 |
| FY2019 | Dec 31, 2019 | 30.6% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 31.9% | −5.1 |
| Q2 FY2026 | Jun 30, 2026 | 30.3% | −6.9 |
| Q1 FY2026 | Mar 31, 2026 | 29.2% | −5.8 |
| Q4 FY2025 | Dec 31, 2025 | 31.6% | −5.9 |
| Q3 FY2025 | Sep 30, 2025 | 37.0% | +12.2 |
| Q2 FY2025 | Jun 30, 2025 | 37.2% | −3.1 |
| Q1 FY2025 | Mar 31, 2025 | 35.0% | −5.1 |
| Q4 FY2024 | Dec 31, 2024 | 37.6% | −4.9 |
| Q3 FY2024 | Sep 30, 2024 | 24.8% | +14.3 |
| Q2 FY2024 | Jun 30, 2024 | 40.3% | −2.1 |
| Q1 FY2024 | Mar 31, 2024 | 40.2% | −5.8 |
| Q4 FY2023 | Dec 31, 2023 | 42.5% | −0.2 |
| Q3 FY2023 | Sep 30, 2023 | 10.5% | −29.1 |
| Q2 FY2023 | Jun 30, 2023 | 42.4% | +3.5 |
| Q1 FY2023 | Mar 31, 2023 | 45.9% | +7.2 |
| Q4 FY2022 | Dec 31, 2022 | 42.7% | +9.5 |
| Q3 FY2022 | Sep 30, 2022 | 39.7% | +3.3 |
| Q2 FY2022 | Jun 30, 2022 | 38.9% | −4.9 |
| Q1 FY2022 | Mar 31, 2022 | 38.7% | −2.5 |
| Q4 FY2021 | Dec 31, 2021 | 33.1% | −5.2 |
| Q3 FY2021 | Sep 30, 2021 | 36.4% | −3.0 |
| Q2 FY2021 | Jun 30, 2021 | 43.8% | +5.1 |
| Q1 FY2021 | Mar 31, 2021 | 41.2% | +6.3 |
| Q4 FY2020 | Dec 31, 2020 | 38.3% | – |
| Q3 FY2020 | Sep 30, 2020 | 39.3% | – |
| Q2 FY2020 | Jun 30, 2020 | 38.8% | – |
| Q1 FY2020 | Mar 31, 2020 | 34.8% | – |
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