Shoals Technologies Group Past Earnings Performance
Past criteria checks 2/6
Shoals Technologies Group has been growing earnings at an average annual rate of 7.1%, while the Electrical industry saw earnings growing at 19.4% annually. Revenues have been growing at an average rate of 19.4% per year. Shoals Technologies Group's return on equity is 5.6%, and it has net margins of 7.7%.
Key information
7.14%
Earnings growth rate
1.25%
EPS growth rate
| Electrical Industry Growth | 9.91% |
| Revenue growth rate | 19.41% |
| Return on equity | 5.64% |
| Net Margin | 7.67% |
| Last Earnings Update | 30 Sep 2025 |
Recent past performance updates
Recent updates
Shoals Technologies: Well-Positioned To Be An AI Winner
Oct 06Earnings Tell The Story For Shoals Technologies Group, Inc. (NASDAQ:SHLS) As Its Stock Soars 33%
Oct 03
Shoals Technologies Group, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 07Here's Why Shoals Technologies Group (NASDAQ:SHLS) Can Manage Its Debt Responsibly
Jul 26Is Shoals Technologies Group, Inc. (NASDAQ:SHLS) Potentially Undervalued?
Jun 26There May Be Some Bright Spots In Shoals Technologies Group's (NASDAQ:SHLS) Earnings
May 14Analysts Are Updating Their Shoals Technologies Group, Inc. (NASDAQ:SHLS) Estimates After Its First-Quarter Results
May 09Returns On Capital Signal Tricky Times Ahead For Shoals Technologies Group (NASDAQ:SHLS)
Apr 28Why Investors Shouldn't Be Surprised By Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) 29% Share Price Surge
Apr 10Shoals Technologies Group (NASDAQ:SHLS) Seems To Use Debt Quite Sensibly
Apr 04Shoals Technologies: 2025 Presents A Large Accumulation Window
Mar 18Shoals Technologies Q4: Why I'm Sticking With My Buy Rating
Feb 28Shoals Technologies Group, Inc. (NASDAQ:SHLS) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Feb 07Shoals Technologies: A Great Risk-Reward Play Right Now
Jan 22Is It Time To Consider Buying Shoals Technologies Group, Inc. (NASDAQ:SHLS)?
Jan 21Shoals Technologies Group (NASDAQ:SHLS) Seems To Use Debt Quite Sensibly
Jan 03Investor Optimism Abounds Shoals Technologies Group, Inc. (NASDAQ:SHLS) But Growth Is Lacking
Dec 12Shoals Technologies Q3: Still A Lot Of Uncertainty On The Horizon
Nov 19Shoals Technologies Group, Inc. (NASDAQ:SHLS) Shares Could Be 48% Below Their Intrinsic Value Estimate
Sep 26
Strategic Expansions And Product Innovations Propel Record Growth And Optimistic Projections
Strategic expansions and new commercial agreements are poised to bolster future revenues and market share.Shoals Technologies Stock: Why I'm Staying Bullish Despite The Recent Setbacks
Sep 04Does Shoals Technologies Group (NASDAQ:SHLS) Have A Healthy Balance Sheet?
Sep 04Subdued Growth No Barrier To Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) Price
Aug 02Shoals Technologies: Attractive Long-Term Growth Potential Despite Temporary Headwinds
Jul 29Is It Too Late To Consider Buying Shoals Technologies Group, Inc. (NASDAQ:SHLS)?
Jul 12Returns On Capital At Shoals Technologies Group (NASDAQ:SHLS) Have Stalled
May 26Shoals Technologies: Market And Warranty Update
May 22Is Shoals Technologies Group, Inc. (NASDAQ:SHLS) Trading At A 44% Discount?
May 10Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) Popularity With Investors Under Threat As Stock Sinks 28%
Apr 25These 4 Measures Indicate That Shoals Technologies Group (NASDAQ:SHLS) Is Using Debt Reasonably Well
Apr 16Shoals Technologies: High-Growth Undervalued Stock Benefitting From High-Growth Markets
Apr 16Why Shoals Technologies Group, Inc. (NASDAQ:SHLS) Could Be Worth Watching
Mar 29Shoals Technologies: Worth Buying For The Long Term
Mar 14Analysts Are More Bearish On Shoals Technologies Group, Inc. (NASDAQ:SHLS) Than They Used To Be
Mar 07Shoals- FCF Improvement Is Underappreciated, But No Pressing Need To Buy Now
Mar 06Shoals Technologies Group, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
Mar 02Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) 25% Share Price Surge Not Quite Adding Up
Feb 17Shoals Technologies Group (NASDAQ:SHLS) Could Be Struggling To Allocate Capital
Feb 05Shoals Technologies Group, Inc.'s (NASDAQ:SHLS) Shareholders Might Be Looking For Exit
Jan 02At US$13.29, Is Shoals Technologies Group, Inc. (NASDAQ:SHLS) Worth Looking At Closely?
Dec 09Shoals Technologies Group (NASDAQ:SHLS) Is Experiencing Growth In Returns On Capital
Sep 08An Intrinsic Calculation For Shoals Technologies Group, Inc. (NASDAQ:SHLS) Suggests It's 40% Undervalued
Aug 18Here's Why We Think Shoals Technologies Group (NASDAQ:SHLS) Is Well Worth Watching
Jul 31Revenue & Expenses Breakdown
How Shoals Technologies Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 434 | 33 | 81 | 0 |
| 30 Jun 25 | 400 | 21 | 78 | 0 |
| 31 Mar 25 | 389 | 19 | 74 | 0 |
| 31 Dec 24 | 399 | 24 | 75 | 0 |
| 30 Sep 24 | 423 | 33 | 77 | 0 |
| 30 Jun 24 | 455 | 23 | 85 | 0 |
| 31 Mar 24 | 475 | 30 | 82 | 0 |
| 31 Dec 23 | 489 | 40 | 79 | 0 |
| 30 Sep 23 | 453 | 136 | 74 | 0 |
| 30 Jun 23 | 410 | 154 | 65 | 0 |
| 31 Mar 23 | 364 | 139 | 62 | 0 |
| 31 Dec 22 | 327 | 128 | 56 | 0 |
| 30 Sep 22 | 280 | 10 | 51 | 0 |
| 30 Jun 22 | 249 | 5 | 46 | 0 |
| 31 Mar 22 | 236 | 8 | 43 | 0 |
| 31 Dec 21 | 213 | 0 | 36 | 0 |
| 30 Sep 21 | 204 | 8 | 30 | 0 |
| 30 Jun 21 | 197 | 21 | 25 | 0 |
| 31 Mar 21 | 180 | 19 | 25 | 0 |
| 31 Dec 20 | 176 | 34 | 21 | 0 |
| 30 Sep 20 | 175 | 37 | 18 | 0 |
| 31 Dec 19 | 144 | 25 | 9 | 0 |
| 31 Dec 18 | 104 | 9 | 9 | 0 |
Quality Earnings: SHLS has high quality earnings.
Growing Profit Margin: SHLS's current net profit margins (7.7%) are lower than last year (7.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SHLS's earnings have grown by 7.1% per year over the past 5 years.
Accelerating Growth: SHLS's earnings growth over the past year (1.2%) is below its 5-year average (7.1% per year).
Earnings vs Industry: SHLS earnings growth over the past year (1.2%) did not outperform the Electrical industry 9%.
Return on Equity
High ROE: SHLS's Return on Equity (5.6%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/06 19:19 |
| End of Day Share Price | 2025/11/06 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Shoals Technologies Group, Inc. is covered by 28 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christine Cho | Barclays |
| Moses Sutton | BNP Paribas |
| Dimple Gosai | BofA Global Research |