Companies: 10,795·Total market cap: $144.5T
Shoals Technologies Group, Inc.

Shoals Technologies Group, Inc.

SHLSNASDAQEnergy● Active
$10.81
$-1.96(-15.35%)
Market Cap$1.8B
P/E Ratio—
52W High$13.18
52W Low$3.99
Net IncomeFinancialsRevenue

Shoals Technologies Group, Inc. (SHLS) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

SHLS · net income · updated Jun 8, 2026

Core profitability metrics

Net income was $33.6M for FY2025 (fiscal year ending 2025-12-31), up 39.2% year-over-year. Net profit margin was 7.1%. Based on available data, Shoals Technologies Group, Inc. has been profitable since at least 2018.

FY2025 Net Income$33.6M▲ +39.2% YoY
Trailing 12M (TTM)$33.6Mtrailing 4 quarters sum
Net Profit Margin7.1%$33.6M ÷ $475.3M
YoY Change+39.2%—
5-Year CAGR-0.1%FY2020 → FY2025
FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net IncomeNet LossNet Margin %★ First Profit: 2018

▸ FMP /income-statement · Annual · SHLS net income history · SHLS profit margin

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2025$33.6M▲ +39.2%7.1%
FY2024$24.1M▼ 39.6%6.0%
FY2023$40.0M▼ 68.7%8.2%
FY2022$127.6M▲ +5334.9%39.0%
FY2021$2.3M▼ 93.0%1.1%

Net income vs peers (Energy)

#CompanyNet IncomeYoY
#1
Shoals Technologies Group, Inc.
Shoals Technologies Group, Inc.YOU
SHLS
$33.6M+39.2%
#2
Exxon Mobil Corporation
Exxon Mobil Corporation
XOM
$28.84B-14.4%#3
Shell plc
Shell plc
SHEL
$17.84B+10.8%#4
TotalEnergies SE
TotalEnergies SE
TTE
$13.13B-16.7%#5
Chevron Corporation
Chevron Corporation
CVX
$12.30B-30.4%#6
Enbridge Inc.
Enbridge Inc.
ENB.TO
$7.49B+37.7%
Energy · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Shoals Technologies Group, Inc. (SHLS) reported net income of $33.6M for FY2025 (fiscal year ending 2025-12-31), up 39.2% year-over-year. The net profit margin was 7.1% — meaning the company kept $0.07 of every dollar of revenue as profit.

Based on available data, Shoals Technologies Group, Inc. has been profitable since at least 2018. Net income reached a peak of $127.6M in FY2022. Data available for 8 fiscal years.

Shoals Technologies Group, Inc.'s net profit margin was 7.1% for FY2025, based on the latest annual results.

Investors sometimes search for "Shoals Technologies Group, Inc. net worth" — the company's market capitalization is a separate figure from SHLS net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree cash flow

Frequently asked questions

SHLS net income · 5 questions

Shoals Technologies Group, Inc. is profitable. The company reported net income of $33.6M for FY2025, a net profit margin of 7.1%. Net income was up 39.2% year-over-year. Based on available data, Shoals Technologies Group, Inc. has been profitable since at least 2018.

is SHLS profitabledoes SHLS make a profitSHLS profitabilitySHLS profitable company

▸ Source: FMP /income-statement · GAAP · Shoals Technologies Group, Inc. · Shoals Technologies Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026