Shoals Technologies Group, Inc.
Company Stats
- Market Cap
- $1.4B
- as of Sep 30, 2026
- Enterprise Value
- $1.5B
- Shares Outstanding
- 168.3M
- Free Float
- 95.7%
Income Statement
- Revenue
- $475.3M
- Operating Income
- $56.4M
- Net Income
- $33.6M
- EBITDA
- $70.2M
- Revenue Growth, 3Y
- 13.3%
- FCF Margin, 3Y Avg
- 10.4%
- FCF Margin, Worst Year
- -3.4%
Cash Flow
- Free Cash Flow
- -$16.0M
- FCF Yield
- -1.2%
- Owner FCF Yield
- -1.9%
Balance Sheet
- Cash & Equivalents
- $7.3M
- Total Debt
- $136.8M
- Net Debt
- $129.4M
- Net Debt / EBITDA
- 1.84x
- EV / EBITDA
- 21.26x
- Net Debt / EBIT
- 2.30x
Returns & Capital
- Buyback Yield, 3Y Avg
- 0.6%
- SBC, 3Y Avg
- $15.0M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $475.3M | -$16.0M | -3.4% |
| FY2024 | $399.2M | $72.0M | 18.0% |
| FY2023 | $488.9M | $81.4M | 16.6% |
| FY2022 | $326.9M | $36.3M | 11.1% |
| FY2021 | $213.2M | -$8.2M | -3.9% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 5, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
ARRAY to Merge with Shoals in All-Stock Combination
Stronger demand supports expansion as pricing diverges