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. In the quarter to June 2026, revenue grew 47.4%, EPS fell 12.5%, free cash flow grew 99.0% and total debt rose 49.3%, each against the same quarter a year earlier.
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Shoals Technologies Group, Inc. (SHLS) P/E ratio
As of 16 October 2026, Shoals Technologies Group, Inc. (SHLS) trades at a P/E ratio of 38.1×. Over the past ten years it has ranged from 0.0× (March 2022) to 3,353× (November 2021); the current reading is higher than 38% of that period. That is above the Solar industry median of 10.6× and above the Technology sector median of 28.2×.
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 |
|---|---|---|
| Jun 2026 | 52.6× | 58.45% |
| Mar 2026 | 33.2× | (22.55%) |
| Dec 2025 | 42.9× | 14.71% |
| Sep 2025 | 37.4× | 11.40% |
| 22 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| JKS JinkoSolar Holding Company Limited compare | n/m |
| SEDG SolarEdge Technologies, Inc. compare | n/m |
| DQ DAQO New Energy Corp. compare | n/m |
| ARRY Array Technologies, Inc. compare | n/m |
| TOYO TOYO Co., Ltd. compare | 3.5× |
| RUN Sunrun Inc. compare | 4.3× |
| NXT Nextpower Inc. compare | 20.1× |
| ENPH Enphase Energy, Inc. compare | 30.0× |
| SHLS Shoals Technologies Group, Inc. | 38.1× |
| Solar industry median | 10.6× |
| Technology sector median | 28.2× |
| Market median | 18.1× |
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)