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Shoals Technologies Group, Inc. SHLS

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 2021-01-27

Shoals Technologies Group, Inc. statistics & valuation

Market cap$1.5B
P / E45.0×
P / S3.2×
P / B2.5×
Net margin7.1%
Return on equity5.6%
FCF margin-3.4%
Return on capital7.3%
Graham number -52%$4.00

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($4.00); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
19.20% 1.10% 39.00% 8.20% 6.00% 7.10% 202020212022202320242025
Gross margin (%)
37.90% 38.80% 40.20% 34.40% 35.60% 35.00% 202020212022202320242025
Operating margin (%)
21.20% 17.00% 20.30% 16.20% 12.80% 11.90% 202020212022202320242025
Return on equity (%)
42.40% 7.30% 4.30% 5.60% 202020212022202320242025
Shares outstanding
99.3M 167.6M 164.5M 168.7M 168.4M 202020212022202320242025
Net debt ($)
$348.8M $242.0M $230.3M $158.7M $118.2M 202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
17.30% 0.60% 21.50% 4.70% 3.00% 3.70% 202020212022202320242025
Free cash flow margin (%)
29.00% -3.90% 11.10% 16.60% 18.00% -3.40% 202020212022202320242025
Debt / equity (×)
0.79× 0.33× 0.25× 202020212022202320242025
EPS ($)
$0.00 $0.85 $0.24 $0.14 $0.20 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Shoals Technologies Group, Inc. trades at about 41.7× earnings — below its 10-year norm (10-year range 32.8×–54.9×, median 47.2×).

32.8× 54.9×

Shaded band = 10-year range (32.8×–54.9×); dot = today's 41.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Gross margin35.0%35.6%34.4%40.2%38.8%37.9%
Operating margin11.9%12.8%16.2%20.3%17.0%21.2%
Net margin7.1%6.0%8.2%39.0%1.1%19.2%
FCF margin-3.4%18.0%16.6%11.1%-3.9%29.0%
Return on assets3.7%3.0%4.7%21.5%0.6%17.3%
Return on equity5.6%4.3%7.3%42.4%-31.3%-18.3%
Debt / equity—0.25×0.33×0.79×-32.95×-1.95×
Current ratio2.032.332.452.922.962.33

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.