Shoals Technologies Group, Inc. revenue
Shoals Technologies Group, Inc.'s revenue was $475m in fiscal 2025, up 19.1% on the year before. Since fiscal 2019 ($144m) it has grown at a compound 22.0% a year. Over the last twelve months it was $588m.
Revenue history
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 144 | 176 | 213 | 327 | 489 | 399 | 475 | 588 |
| Growth on the year before | — | +21.5% | +21.5% | +53.3% | +49.6% | −18.4% | +19.1% | — |
| Gross profit | 44 | 67 | 83 | 131 | 168 | 142 | 167 | 188 |
| Gross margin | 30.6% | 37.9% | 38.8% | 40.2% | 34.4% | 35.6% | 35.0% | 31.9% |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| System Solutions | $374M | 78.7% | ▲ 22.2% |
| Components | $101M | 21.3% | ▲ 8.7% |
From Shoals Technologies Group, Inc.'s 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| Shoals Technologies Group, Inc. | $588m | 46.9% | 12.8% |
| Allient Inc | $575m | 10.6% | 1.0% |
| Vicor Corp | $561m | 27.0% | 10.3% |
| LSI Industries Inc | $689m | 20.2% | 11.5% |
| Asia Pacific Wire & Cable Corp LTD | $490m | 3.6% | — |
| Plug Power Inc | $744m | 10.6% | -5.4% |
Compare with peers
- Allient Inc revenue
- Vicor Corp revenue
- LSI Industries Inc revenue
- Asia Pacific Wire & Cable Corp LTD revenue
- Plug Power Inc revenue
Head to head: ALNT vs SHLSSHLS vs VICRLYTS vs SHLSPLUG vs SHLS
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