Financial Snapshot

Revenue
$399.2M
TTM
Gross Margin
35.71%
TTM
Net Earnings
$24.13M
TTM
Current Assets
Q4 2024
Current Liabilities
Q4 2024
Current Ratio
232.79%
Q4 2024
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
$556.8M
Q4 2024
Cash
Q4 2024
P/E
22.79
Apr 15, 2025 EST
Free Cash Flow
$72.00M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018
Revenue $399.2M $488.9M $326.9M $213.2M $175.5M $144.5M $103.8M
YoY Change -18.35% 49.55% 53.34% 21.48% 21.47% 39.21%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018
Revenue $399.2M $488.9M $326.9M $213.2M $175.5M $144.5M $103.8M
Cost Of Revenue $257.2M $320.6M $195.6M $130.6M $109.0M $100.3M $75.60M
Gross Profit $142.0M $168.3M $131.3M $82.65M $66.55M $44.21M $28.20M
Gross Profit Margin 35.57% 34.42% 40.16% 38.76% 37.91% 30.6% 27.17%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operating Profits/Loss YoY Change

Operating Earnings to Gross Profit Ratio

Operating Profit Margin

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018
Selling, General & Admin $81.25M $80.12M $55.51M $37.69M $20.70M $8.900M $8.700M
YoY Change 1.42% 44.34% 47.26% 82.09% 132.58% 2.3%
% of Gross Profit 57.21% 47.6% 42.27% 45.61% 31.11% 20.13% 30.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.63M $10.53M $10.51M $10.05M $9.405M $9.163M $8.990M
YoY Change 19.92% 0.19% 4.54% 6.89% 2.64% 1.92%
% of Gross Profit 8.89% 6.26% 8.0% 12.16% 14.13% 20.73% 31.88%
Operating Expenses $90.85M $89.27M $64.98M $46.41M $29.27M $17.28M $17.10M
YoY Change 1.77% 37.38% 40.01% 58.57% 69.37% 1.06%
Operating Profit $51.17M $79.04M $66.33M $36.23M $37.28M $26.93M $11.10M
YoY Change -35.25% 19.15% 83.07% -2.8% 38.42% 142.61%
Operating Profit To Gross Profit 36.03% 46.96% 50.51% 43.84% 56.02% 60.91% 39.36%
Operating Profit To Revenue 12.82% 16.16% 20.29% 16.99% 21.24% 18.64% 10.69%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018
Interest Expense -$13.31M $24.10M $18.54M $14.55M $3.510M $1.787M -$2.400M
YoY Change -155.22% 30.0% 27.42% 314.5% 96.42% -174.46%
% of Operating Profit -26.01% 30.49% 27.95% 40.16% 9.42% 6.64% -21.62%
Other Income/Expense, Net $0.00 $0.00 $104.2M -$1.663M
YoY Change -100.0% -6366.27%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018
Pretax Income $37.86M $54.94M $152.0M $4.030M $33.80M $25.10M $8.600M
YoY Change -31.08% -63.86% 3671.71% -88.08% 34.66% 191.86%
Income Tax $13.74M $12.27M $8.987M $86.00K $0.00 $0.00
% Of Pretax Income 36.28% 22.34% 5.91% 2.13% 0.0% 0.0%
Net Earnings $24.13M $39.97M $127.6M $2.348M $33.77M $25.14M $8.600M
YoY Change -39.64% -68.68% 5334.88% -93.05% 34.3% 192.36%
Net Earnings / Revenue 6.04% 8.18% 39.03% 1.1% 19.24% 17.4% 8.29%
Basic Earnings Per Share $0.14 $0.24 $1.11
Diluted Earnings Per Share $0.14 $0.24 $0.85 $23.65K $210.9K $150.4K $51.53K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $23.51M $22.71M $8.766M $5.006M $10.10M $7.100M $100.0K
YoY Change 3.54% 159.03% 75.11% -50.44% 42.25% 7000.0%
Cash & Equivalents $23.51M $22.71M $8.766M $5.006M $10.10M $7.100M $100.0K
Short-Term Investments
Other Short-Term Assets $9.849M $4.421M $4.632M $5.042M $200.0K $800.0K $900.0K
YoY Change 122.78% -4.56% -8.13% 2421.0% -75.0% -11.11%
Inventory $55.98M $52.80M $72.85M $38.37M $15.10M $8.800M $9.900M
Prepaid Expenses
Receivables $99.02M $147.3M $67.29M $45.03M $30.80M $29.80M $26.00M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $188.4M $227.2M $153.5M $93.45M $56.10M $46.50M $37.00M
YoY Change -17.09% 47.97% 64.31% 66.57% 20.65% 25.68%
Property, Plant & Equipment $30.01M $27.71M $20.93M $15.57M $12.80M $10.90M $10.40M
YoY Change 8.3% 32.38% 34.39% 21.67% 17.43% 4.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $463.7M $470.5M $293.9M $182.7M $4.200M
YoY Change -1.44% 60.09% 60.85% 4250.48%
Total Long-Term Assets $604.7M $616.8M $441.4M $333.0M $139.2M $141.1M $148.5M
YoY Change -1.96% 39.75% 32.55% 139.2% -1.35% -4.98%
Total Assets $793.1M $844.0M $594.9M $426.4M $195.3M $187.6M $185.5M
YoY Change
Accounts Payable $20.03M $14.40M $9.481M $19.99M $14.60M $10.40M $6.200M
YoY Change 39.15% 51.84% -52.56% 36.88% 40.38% 67.74%
Accrued Expenses $12.54M $22.91M $17.88M $9.569M $6.000M $1.300M $1.500M
YoY Change -45.25% 28.1% 86.87% 59.48% 361.54% -13.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $2.000M $2.000M $2.000M $3.500M $12.90M $3.500M
YoY Change -100.0% 0.0% 0.0% -42.86% -72.87% 268.57%
Total Short-Term Liabilities $80.91M $92.63M $52.62M $31.55M $24.10M $24.50M $11.20M
YoY Change -12.65% 76.03% 66.77% 30.93% -1.63% 118.75%
Long-Term Debt $141.8M $179.4M $237.1M $245.1M $355.3M $13.20M $36.00M
YoY Change -21.01% -24.3% -3.26% -31.03% 2591.67% -63.33%
Other Long-Term Liabilities $13.62M $26.92M $4.221M $157.3M
YoY Change -49.42% 537.81% -97.32%
Total Long-Term Liabilities $155.4M $206.4M $241.3M $402.4M $355.3M $13.20M $36.00M
YoY Change -24.71% -14.47% -40.03% 13.24% 2591.67% -63.33%
Total Liabilities $236.3M $299.0M $303.5M $423.9M $379.4M $37.70M $47.30M
YoY Change -20.98% -1.49% -28.39% 11.72% 906.37% -20.3%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 168.6M shares 164.2M shares 114.5M shares
Diluted Shares Outstanding 168.7M shares 164.5M shares 167.6M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $549.96 Million

About Shoals Technologies Group Inc

Shoals Technologies Group, Inc. provides electrical balance of system solutions for solar energy projects. The company is headquartered in Portland, Tennessee and currently employs 1,290 full-time employees. The company went IPO on 2021-01-27. EBOS encompasses all of the components that are necessary to carry the electric current produced by solar panels to an inverter and ultimately to the power grid. EBOS components that it produces include cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes and battery energy storage systems (BESS) cabinets. The company designs, manufactures, and sells system solutions for the two types of wiring architectures used by the United States solar industry: homerun and combine-as-you-go. Its solar O&M product offering, Snapshot IV, monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer’s claimed/projected performance. The company is also engaged in providing e-mobility solutions.

Industry: Semiconductors & Related Devices Peers: Acuity Brands Inc Atkore Inc ChargePoint Holdings Inc Enovix Corp Fluence Energy Inc Vertiv Holdings Co Regal Rexnord Corp SUNPOWER CORP Vicor Corp