Shoals Technologies Group, Inc.

SHLS Technology Solar

Shoals Technologies Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $475.3 million, up 19.1% from fiscal 2024.

Revenue
+43.8%
EPS
+51.6%
Free cash flow
+190.1%
Total debt
+29.2%

Quarter to September 2026, against a year earlier

9.68 0.68 +7.56%
Market cap
$1.5B
P/E
40.0×
Fwd P/E
28.7×
Dividend yield
—
F-score
6/9
Altman Z
3.91
Beneish M
−1.94
Dividend safety
n/a

Shoals Technologies Group, Inc. (SHLS) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Shoals Technologies Group, Inc. (SHLS) trades at a P/E ratio of 40.0×. Over the past ten years it has ranged from 0.0× (March 2022) to 3,353× (November 2021); the current reading is higher than 43% of that period. That is above the Solar industry median of 11.4× and above the Technology sector median of 25.7×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 42.9× 15.03%
FY2024 37.3× (38.59%)
FY2023 60.7× 171.21%
FY2022 22.4× —
FY2021 0.0× —
FY2020 1,100× 0.00%
FY2019 1,100× 0.00%
FY2018 1,100× —

Quarterly newest first

Period P/E ratio Change
Sep 2026 36.1× (31.35%)
Jun 2026 52.6× 58.45%
Mar 2026 33.2× (22.55%)
Dec 2025 42.9× 14.71%
23 more quarters

Against its own ten years

Low 0.0× High 3,353×
Ten-year median 44.5×
Current reading's percentile 40

P/E ratio against peers

Company P/E ratio
JKS Jinko Holdings Limited - Unsponsored ADR compare n/m
DQ DAQO New Energy Corp. compare n/m
SEDG SolarEdge Technologies, Inc. compare n/m
ARRY Array Technologies, Inc. compare n/m
TOYO TOYO Co., Ltd. compare 4.3×
RUN Sunrun Inc. compare 4.4×
NXT Nextpower Inc. compare 24.5×
SHLS Shoals Technologies Group, Inc. 40.0×
ENPH Enphase Energy, Inc. compare 42.5×
Solar industry median 11.4×
Technology sector median 25.7×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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