SHLS (Shoals Technologies Group) Gross Profit: $187.7 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHLS Shoals Technologies Group Inc SHLS
85 GF Score
Price $7.14
GF Value $9.97
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Shoals Technologies Group Gross Profit?

Shoals Technologies Group SHLS -3.77% 85 Gross Profit is $187.7 Mil as of Jun. 2026. GuruFocus rates SHLS with a GF Score™ of 85/100 and a GF Value™ of $9.97 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Shoals Technologies Group's gross profit for the three months ended in Jun. 2026 was $49.5 Mil. Shoals Technologies Group's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $187.7 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Shoals Technologies Group's gross profit for the three months ended in Jun. 2026 was $49.5 Mil. Shoals Technologies Group's Revenue for the three months ended in Jun. 2026 was $163.4 Mil. Therefore, Shoals Technologies Group's Gross Margin % for the quarter that ended in Jun. 2026 was 30.31%.

Shoals Technologies Group had a gross margin of 30.31% for the quarter that ended in Jun. 2026 => Competition eroding margins

During the past 8 years, the highest Gross Margin % of Shoals Technologies Group was 40.16%. The lowest was 27.15%. And the median was 35.30%.

Warning Sign:

Shoals Technologies Group Inc gross margin has been in long-term decline. The average rate of decline per year is -2.3%.


Shoals Technologies Group  (NAS:SHLS) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Shoals Technologies Group had a gross margin of 30.31% for the quarter that ended in Jun. 2026 => Competition eroding margins


Shoals Technologies Group Gross Profit Related Terms


Shoals Technologies Group Gross Profit Historical Data

* Premium members only.

The historical data trend for Shoals Technologies Group's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shoals Technologies Group Gross Profit Chart

Shoals Technologies Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Profit
Get a 7-Day Free Trial 82.65 131.31 168.30 142.02 166.51

Shoals Technologies Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.20 50.25 46.91 41.01 49.53

SHLS vs CSIQ, ARRY, RUN: Gross Profit Comparison

For the Solar subindustry, Shoals Technologies Group's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shoals Technologies Group Gross Profit vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Shoals Technologies Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where Shoals Technologies Group's Gross Profit falls into.


SHLS
85GF Score
Shoals Technologies Group Inc SHLS
Gross Profit is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shoals Technologies Group Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Shoals Technologies Group's Gross Profit for the fiscal year that ended in Dec. 2025 is calculated as

Gross Profit (A: Dec. 2025 )=Revenue - Cost of Goods Sold
=475.331 - 308.823
=166.5

Shoals Technologies Group's Gross Profit for the quarter that ended in Jun. 2026 is calculated as

Gross Profit (Q: Jun. 2026 )=Revenue - Cost of Goods Sold
=163.372 - 113.847
=49.5

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $187.7 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Shoals Technologies Group's Gross Margin % for the quarter that ended in Jun. 2026 is calculated as

Gross Margin % (Q: Jun. 2026 )=Gross Profit (Q: Jun. 2026 ) / Revenue (Q: Jun. 2026 )
=(Revenue - Cost of Goods Sold) / Revenue
=49.5 / 163.372
=30.31 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Profit →
What does a Gross Profit of $187.7 Mil mean?
Shoals Technologies Group (SHLS) has a Gross Profit of $187.7 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on Shoals Technologies Group and its competitors.
Is Shoals Technologies Group's Gross Profit too high?
Shoals Technologies Group's current Gross Profit is $187.7 Mil. Overall, Shoals Technologies Group has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shoals Technologies Group's Gross Profit compare to CSIQ and ARRY?
Shoals Technologies Group's Gross Profit of $187.7 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Semiconductors company?
A good Gross Profit depends on the Semiconductors industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Shoals Technologies Group and its competitors. Shoals Technologies Group's current Gross Profit is $187.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoals Technologies Group stock overvalued right now?
Based on GuruFocus' analysis, Shoals Technologies Group (SHLS) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.97, compared to a current price of $7.14 — trading 28.4% below its estimated fair value. The current Gross Profit is $187.7 Mil. Shoals Technologies Group's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Shoals Technologies Group (SHLS), the current Gross Profit is $187.7 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shoals Technologies Group (SHLS) Overvalued in 2026?

Based on GuruFocus' analysis, Shoals Technologies Group stock appears to be undervalued. The current stock price of $7.14 is trading 28.4% below its estimated GF Value™ of $9.97. GuruFocus considers Shoals Technologies Group to be Modestly Undervalued.

Key valuation signals for SHLS:

  • Gross Profit: $187.7 Mil
  • GF Value™: $9.97 vs. price of $7.14 (28.4% below fair value)
  • GF Score™: 85/100 with 6 warning signs

No single metric tells the full story. See the SHLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shoals Technologies Group Business Description

Address 1400 Shoals Way, Portland, TN, USA, 37148
Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.
85GF Score

Get the complete analysis for SHLS

Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.14
Price
$9.97
GF Value