Shoals Technologies Group Past Earnings Performance
Past criteria checks 2/6
Shoals Technologies Group has been growing earnings at an average annual rate of 47.3%, while the Electrical industry saw earnings growing at 17.3% annually. Revenues have been growing at an average rate of 29% per year. Shoals Technologies Group's return on equity is 7.8%, and it has net margins of 8.2%.
Key information
47.3%
Earnings growth rate
46.8%
EPS growth rate
| Electrical Industry Growth | 12.9% |
| Revenue growth rate | 29.0% |
| Return on equity | 7.8% |
| Net Margin | 8.2% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Shoals Technologies Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 489 | 40 | 81 | 0 |
| 30 Sep 23 | 453 | 136 | 74 | 0 |
| 30 Jun 23 | 410 | 154 | 65 | 0 |
| 31 Mar 23 | 364 | 139 | 62 | 0 |
| 31 Dec 22 | 327 | 128 | 56 | 0 |
| 30 Sep 22 | 280 | 10 | 51 | 0 |
| 30 Jun 22 | 249 | 5 | 46 | 0 |
| 31 Mar 22 | 236 | 8 | 43 | 0 |
| 31 Dec 21 | 213 | 0 | 36 | 0 |
| 30 Sep 21 | 204 | 8 | 30 | 0 |
| 30 Jun 21 | 197 | 21 | 25 | 0 |
| 31 Mar 21 | 180 | 19 | 25 | 0 |
| 31 Dec 20 | 176 | 34 | 21 | 0 |
| 30 Sep 20 | 175 | 37 | 18 | 0 |
| 31 Dec 19 | 144 | 25 | 9 | 0 |
| 31 Dec 18 | 104 | 9 | 9 | 0 |
Quality Earnings: SHLS * has high quality earnings.
Growing Profit Margin: SHLS *'s current net profit margins (8.2%) are lower than last year (39%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SHLS *'s earnings have grown significantly by 47.3% per year over the past 5 years.
Accelerating Growth: SHLS *'s has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SHLS * had negative earnings growth (-68.7%) over the past year, making it difficult to compare to the Electrical industry average (15.4%).
Return on Equity
High ROE: SHLS *'s Return on Equity (7.8%) is considered low.