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 operating margin
Operating margin is operating income as a percentage of revenue.
Shoals Technologies's operating margin for the twelve months ending Sep 30, 2026 was 11.2%. For fiscal 2025 it was 11.9%, against 12.8% the year before. The highest annual figure on record is 21.2% in fiscal 2020.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 11.9% | −1.0 |
| FY2024 | Dec 31, 2024 | 12.8% | −3.3 |
| FY2023 | Dec 31, 2023 | 16.2% | −4.1 |
| FY2022 | Dec 31, 2022 | 20.3% | +3.3 |
| FY2021 | Dec 31, 2021 | 17.0% | −4.2 |
| FY2020 | Dec 31, 2020 | 21.2% | +2.6 |
| FY2019 | Dec 31, 2019 | 18.6% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 14.8% | +1.1 |
| Q2 FY2026 | Jun 30, 2026 | 11.5% | −3.0 |
| Q1 FY2026 | Mar 31, 2026 | 5.5% | +0.1 |
| Q4 FY2025 | Dec 31, 2025 | 11.7% | −3.7 |
| Q3 FY2025 | Sep 30, 2025 | 13.7% | +9.3 |
| Q2 FY2025 | Jun 30, 2025 | 14.4% | −4.3 |
| Q1 FY2025 | Mar 31, 2025 | 5.4% | −7.4 |
| Q4 FY2024 | Dec 31, 2024 | 15.4% | −9.0 |
| Q3 FY2024 | Sep 30, 2024 | 4.4% | +12.3 |
| Q2 FY2024 | Jun 30, 2024 | 18.7% | −7.8 |
| Q1 FY2024 | Mar 31, 2024 | 12.8% | −12.1 |
| Q4 FY2023 | Dec 31, 2023 | 24.4% | −0.3 |
| Q3 FY2023 | Sep 30, 2023 | -7.9% | −29.9 |
| Q2 FY2023 | Jun 30, 2023 | 26.5% | +8.9 |
| Q1 FY2023 | Mar 31, 2023 | 24.8% | +10.1 |
| Q4 FY2022 | Dec 31, 2022 | 24.7% | +19.1 |
| Q3 FY2022 | Sep 30, 2022 | 22.0% | +6.0 |
| Q2 FY2022 | Jun 30, 2022 | 17.7% | −5.9 |
| Q1 FY2022 | Mar 31, 2022 | 14.7% | −7.0 |
| Q4 FY2021 | Dec 31, 2021 | 5.6% | −12.9 |
| Q3 FY2021 | Sep 30, 2021 | 16.0% | −12.7 |
| Q2 FY2021 | Jun 30, 2021 | 23.6% | +11.1 |
| Q1 FY2021 | Mar 31, 2021 | 21.7% | −1.8 |
| Q4 FY2020 | Dec 31, 2020 | 18.5% | – |
| Q3 FY2020 | Sep 30, 2020 | 28.7% | – |
| Q2 FY2020 | Jun 30, 2020 | 12.5% | – |
| Q1 FY2020 | Mar 31, 2020 | 23.5% | – |
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