Shoals Technologies Group, Inc. | Small-cap | Technology
$4.87
-2.60%
| Shoals Technologies Stock Comparison:
Shoals Technologies vs First SolarShoals Technologies vs NextrackerShoals Technologies vs SunrunShoals Technologies vs Array TechnologiesShoals Technologies vs SolarEdgeShoals Technologies vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 399.2M
Gross Profit 142.0M 35.57%
Operating Income 51.2M 12.82%
Net Income 24.1M 6.04%
EPS (Diluted) $0.14

Balance Sheet Metrics

Total Assets 793.1M
Total Liabilities 236.3M
Shareholders Equity 556.8M
Debt to Equity 0.42

Cash Flow Metrics

Operating Cash Flow 73.8M
Free Cash Flow 72.0M

Revenue & Profitability Trend

Shoals Technologies Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 399.2M 488.9M 326.9M 213.2M 175.5M
Cost of Goods Sold 257.2M 320.6M 195.6M 130.6M 109.0M
Gross Profit 142.0M 168.3M 131.3M 82.6M 66.5M
Operating Expenses 82.3M 80.7M 55.9M 37.9M 21.0M
Operating Income 51.2M 79.0M 66.3M 36.2M 37.3M
Pre-tax Income 37.9M 54.9M 152.0M 4.0M 33.8M
Income Tax 13.7M 12.3M 9.0M 86.0K 0
Net Income 24.1M 42.7M 143.0M 3.9M 33.8M
EPS (Diluted) $0.14 $0.24 $0.85 $0.02 $0.37

Income Statement Trend

Shoals Technologies Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 188.4M 227.2M 153.5M 93.4M 56.1M
Non-Current Assets 604.7M 616.8M 441.4M 333.0M 139.2M
Total Assets 793.1M 844.0M 594.9M 426.4M 195.3M
Liabilities
Current Liabilities 80.9M 92.6M 52.6M 31.6M 24.1M
Non-Current Liabilities 155.4M 206.4M 241.3M 402.4M 355.3M
Total Liabilities 236.3M 299.0M 293.9M 433.9M 379.4M
Equity
Total Shareholders Equity 556.8M 545.0M 301.0M -7.5M -184.1M

Balance Sheet Composition

Shoals Technologies Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income 24.1M 42.7M 143.0M 3.9M 33.8M
Operating Cash Flow 73.8M 22.6M 26.5M 3.5M 48.9M
Investing Activities
Capital Expenditures -8.4M -10.6M -3.2M -4.1M -3.2M
Investing Cash Flow -8.4M -10.8M -3.7M -17.0M -3.2M
Financing Activities
Dividends Paid - - - - -376.0M
Financing Cash Flow -71.2M -120.2M -43.7M 6.6M -403.9M
Free Cash Flow 72.0M 81.4M 36.3M -8.2M 50.8M

Cash Flow Trend

Shoals Technologies Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 45.45
Forward P/E 11.11
Price to Book 1.50
Price to Sales 2.15
PEG Ratio 11.11

Profitability Ratios

Profit Margin 4.91%
Operating Margin 5.37%
Return on Equity 3.43%
Return on Assets 3.97%

Financial Health

Current Ratio 2.34
Debt to Equity 25.36
Beta 1.63

Per Share Data

EPS (TTM) $0.11
Book Value per Share $3.34
Revenue per Share $2.32

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
shls 835.9M 45.45 1.50 3.43% 4.91% 25.36
First Solar 15.6B 12.32 1.90 16.77% 29.72% 7.70
Nextracker 8.4B 16.15 5.01 39.48% 17.21% 2.09
Sunrun 1.6B 21.07 0.62 -80.13% -129.97% 334.12
Array Technologies 1.1B 61.85 3.48 -49.11% -21.21% 215.17
SolarEdge 948.2M 100.75 1.58 -123.30% -190.67% 127.58

Financial data is updated regularly. All figures are in the company's reporting currency.