Financial Snapshot

Revenue
$454.7M
TTM
Gross Margin
33.36%
TTM
Net Earnings
$23.33M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
226.49%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$544.6M
Q2 2024
Cash
Q2 2024
P/E
44.86
Sep 18, 2024 EST
Free Cash Flow
$94.15M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

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

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

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

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $80.12M $55.51M $37.69M $20.70M $8.900M $8.700M
YoY Change 44.34% 47.26% 82.09% 132.58% 2.3%
% of Gross Profit 47.6% 42.27% 45.61% 31.11% 20.13% 30.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.53M $10.51M $10.05M $9.405M $9.163M $8.990M
YoY Change 0.19% 4.54% 6.89% 2.64% 1.92%
% of Gross Profit 6.26% 8.0% 12.16% 14.13% 20.73% 31.88%
Operating Expenses $89.27M $64.98M $46.41M $29.27M $17.28M $17.10M
YoY Change 37.38% 40.01% 58.57% 69.37% 1.06%
Operating Profit $79.04M $66.33M $36.23M $37.28M $26.93M $11.10M
YoY Change 19.15% 83.07% -2.8% 38.42% 142.61%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

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

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

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

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

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

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

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

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $1.0465 Billion

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 1,248 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 Corporation Vicor Corp