# Shoals Technologies Group, Inc. (SHLS)

> Energy · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/SHLS/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 140.56M | $ -297.0K | $ -49.10M | $ 219.55M | $ 601.65M |
| 2025 | $ 486.70M | $ 34.38M | $ -16.36M | $ 175.41M | $ 599.97M |
| 2024 | $ 419.60M | $ 28.94M | $ 75.67M | $ 141.75M | $ 556.80M |
| 2023 | $ 528.67M | $ 43.22M | $ 87.99M | $ 181.45M | $ 545.00M |
| 2022 | $ 365.23M | $ 142.56M | $ 40.55M | $ 239.06M | $ 291.37M |
| 2021 | $ 253.43M | $ 2.79M | $ -9.76M | $ 247.05M | $ 2.55M |
| 2020 | $ 223.60M | $ 43.02M | $ 64.77M | $ 358.83M | $ -184.12M |
| 2019 | $ 48.90M | $ 10.11M | $ 9.27M | $ 26.05M | $ 149.91M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.36 |
| Liabilities / Eq | 0.71 |
| Current Ratio | 1.84 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 5.76 |
| Gross Debt / FCF | 9.14 |

## Other views

- [Metrics](https://sponda.capital/en/SHLS.md)
- [Charts](https://sponda.capital/en/SHLS/charts.md)
- [Compare](https://sponda.capital/en/SHLS/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-13.