Shoals Technologies Group, Inc. (SHLS) intrinsic value & 10-year financials
Shoals Technologies Group, Inc. (SHLS) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 21.9% a year to $475.3M, with an average return on invested capital of 12.7%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $7.17
- Market cap
- $1.2B
- Revenue (FY2025)
- $475.3M
- Revenue growth (8-yr CAGR)
- 21.9%
- ROIC (10-yr avg)
- 12.7%
- Free cash flow (FY2025)
- -$16.0M
SHLS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $475.3M | $33.6M | $0.20 | -$16.0M | 11.9% | 6.0% |
| FY2024 | $399.2M | $24.1M | $0.14 | $72.0M | 12.8% | 4.7% |
| FY2023 | $488.9M | $40.0M | $0.24 | $81.4M | 16.2% | 9.8% |
| FY2022 | $326.9M | $127.6M | $0.85 | $36.3M | 20.3% | 16.1% |
| FY2021 | $213.2M | $2.3M | — | -$8.2M | 17.0% | 17.1% |
| FY2020 | $175.5M | $33.8M | — | $50.8M | 21.2% | 22.6% |
| FY2019 | $144.5M | $25.1M | — | $34.5M | 18.6% | — |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Shoals Technologies Group, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Shoals Technologies Group, Inc. returns on capital have been average, hovering around 12.7% ROIC over the decade.
Shoals Technologies Group, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Shoals Technologies Group, Inc. is modeled at -38.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-11.74 per share.