To the full analysis
Shoals Technologies Group stock: growth
SHLSShoals Technologies Group reported $475.33M in revenue for fiscal 2025, up 19.1% on the prior year, up 22% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
24.3%
per year from 2018 to 2025, per share 23.5%
Earnings (Annual rate)
21.4%
per year from 2018 to 2025, per share 20.6%
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2018 | |
|---|---|---|
| Revenue | 22.0% | 24.3% |
| Revenue per share | 21.0% | 23.5% |
| Earnings | −0.1% | 21.4% |
| Earnings per share | −1.0% | 20.6% |
| Free cash flow | no data | no data |
| Free cash flow per share | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2018 | $103.75M | $8.65M | $1.6M |
| 2019 | $144.5M | $25.14M | $34.46M |
| 2020 | $175.52M | $33.77M | $50.85M |
| 2021 | $213.21M | $2.35M | −$8.21M |
| 2022 | $326.94M | $127.61M | $36.3M |
| 2023 | $488.94M | $39.97M | $81.38M |
| 2024 | $399.21M | $24.13M | $72M |
| 2025 | $475.33M | $33.57M | −$15.98M |
Revenue by segment
How Shoals Technologies Group, Inc. makes its money and how that has shifted. Names are as the company reports them.
- System Solutions79%
- Components21%
Figures as a table
| 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|
| System Solutions | $254.42M | $398.38M | $306.15M | $374.19M | 78.7% |
| Components | $72.53M | $90.56M | $93.06M | $101.14M | 21.3% |
| Total revenue | $326.94M | $488.94M | $399.21M | $475.33M | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 4 Nov 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.