Shoals Technologies Group, Inc.

SHLS

SHLSShoals Technologies Group, Inc. US flag

NASDAQ Global Market

10.43

USD

+0.54

- -

1.75BMarket Cap

Income Statement (USD)

MCP API Chat

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	104	144	176	213	327	489	399	475
+ Sales & Services Revenue	104	144	176	213	327	489	399	475
- Cost of Revenue	76	100	109	131	196	321	257	309
+ Cost of Goods & Services	76	100	109	131	196	321	257	309
Gross Profit	28	44	67	83	131	168	142	167
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	17	17	29	46	65	89	91	110
+ Selling, General & Admin	9	9	21	38	56	81	82	102
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	8	8	8	9	9	9	9	9
Operating Income (Loss)	11	27	37	36	66	79	51	56
- Non-Operating (Income) Loss	2	2	4	32	-86	24	13	8
+ Interest Expense, Net	2	2	4	15	19	24	13	10
+ Interest Expense	2	2	4	15	19	24	14	10
- Interest Income	- -	- -	- -	- -	- -	- -	1	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	18	-104	- -	- -	-2
Pretax Income	9	25	34	4	152	55	38	49
- Income Tax Expense (Benefit)	- -	- -	- -	- -	9	12	14	15
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	9	25	34	4	143	43	24	34
- Net Extraordinary Losses (Gains)	- -	- -	- -	3	31	5	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	3	31	5	- -	- -
Income (Loss) Incl. MI	9	25	34	1	112	37	24	34
- Minority Interest	- -	- -	- -	-2	-15	-3	- -	- -
Net Income, GAAP	9	25	34	2	128	40	24	34
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	9	25	34	2	128	40	24	34
EBIT	11	27	37	36	66	79	51	56
EBITDA	20	36	47	46	77	90	64	70
EBITDA Margin (%)	19.35	24.98	26.6	21.71	23.5	18.32	15.98	14.77
EBITA	11	27	37	36	66	79	51	56
Gross Margin (%)	27.15	30.6	37.91	38.76	40.16	34.42	35.57	35.03
Operating Margin (%)	10.69	18.64	21.24	16.99	20.29	16.16	12.82	11.86
Profit Margin (%)	8.33	17.4	19.24	1.1	39.03	8.18	6.04	7.06
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.06	0.08	4.13	- -	- -	- -	- -	- -
Depreciation Expense	9	9	9	10	11	11	13	14
Basic Weighted Avg Shares	167	167	91	112	114	164	169	167
Basic EPS, GAAP	0.05	0.15	0.37	0.02	1.11	0.24	0.14	0.2
Basic EPS from Cont Ops	0.05	0.15	0.37	0.04	1.25	0.26	0.14	0.2
Diluted Weighted Avg Shares	167	167	91	112	168	165	169	168
Diluted EPS, GAAP	0.05	0.15	0.37	0.02	0.76	0.24	0.14	0.2
Diluted EPS from Cont Ops	0.05	0.15	0.37	0.04	0.85	0.26	0.14	0.2

Balance Sheet (USD)

MCP API Chat

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	37	47	56	93	154	227	188	258
+ Cash, Cash Equivalents & STI	- -	7	10	5	9	23	24	7
+ Cash & Cash Equivalents	- -	7	10	5	9	23	24	7
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	26	30	31	45	67	147	99	151
+ Accounts Receivable, Net	26	27	27	31	51	107	78	129
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	3	4	14	17	40	21	22
+ Inventories	10	9	15	38	73	53	56	90
+ Raw Materials	8	9	15	38	71	51	51	87
+ Work In Process	- -	- -	- -	- -	1	1	2	3
+ Finished Goods	2	- -	- -	- -	1	1	2	- -
+ Inventory Adjustments	-2	-2	-2	- -	- -	- -	- -	- -
+ Other Inventory	2	2	2	- -	- -	- -	- -	- -
+ Other ST Assets	1	1	- -	5	5	4	10	10
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	149	141	139	333	441	617	605	646
+ Property, Plant & Equip, Net	10	11	13	16	17	25	30	99
+ Property, Plant & Equip	12	14	17	21	24	34	43	117
- Accumulated Depreciation	1	3	4	6	7	10	13	17
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	138	130	126	317	424	592	575	547
+ Total Intangible Assets	138	130	122	135	127	119	111	103
+ Goodwill	50	50	50	69	70	70	70	70
+ Other Intangible Assets	88	80	72	65	57	49	41	33
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	4	183	298	473	464	443
Total Assets	186	188	195	426	595	844	793	904
+ Payables & Accruals	8	12	21	28	22	27	28	81
+ Accounts Payable	6	10	15	20	9	14	20	65
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	2	1	6	8	12	12	8	16
+ ST Debt	4	13	4	2	2	2	- -	- -
+ ST Borrowings	4	13	4	2	2	2	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	2	29	64	53	47
+ Deferred Revenue	- -	- -	- -	2	23	22	19	37
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	5	42	35	10
Total Current Liabilities	11	25	24	32	53	93	81	127
+ LT Debt	36	13	355	245	237	179	143	175
+ LT Borrowings	36	13	355	245	237	179	142	137
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	1	39
+ Other LT Liabilities	- -	- -	- -	157	4	27	12	1
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	157	4	27	12	1
Total Noncurrent Liabilities	36	13	355	402	241	206	155	177
Total Liabilities	47	38	379	434	294	299	236	304
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	- -	96	257	471	484	493
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	- -	96	257	471	484	493
- Treasury Stock	- -	- -	- -	- -	- -	- -	25	25
+ Retained Earnings	- -	- -	- -	-93	34	74	99	132
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	138	150	-184	3	291	545	557	600
+ Minority/Non Controlling Interest	- -	- -	- -	-10	10	- -	- -	- -
Total Equity	138	150	-184	-7	301	545	557	600
Total Liabilities & Equity	186	188	195	426	595	844	793	904
Shares Outstanding	91	91	91	112	138	170	167	167
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	1	39
Net Debt	39	19	349	242	230	159	118	129
Net Debt to Equity	28.5	12.66	-189.42	-3,228.15	76.51	29.13	21.24	21.57
Tangible Common Equity Ratio	0.31	34.39	-418.73	-48.73	37.25	58.78	65.36	62.02
Current Ratio	3.29	1.9	2.33	2.96	2.92	2.45	2.33	2.03
Cash Conversion Cycle	- -	70.99	56.96	83.76	126.2	115.89	137.77	120.45

Cash Flow Statement (USD)

MCP API Chat

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	9	25	34	4	143	43	24	34
+ Depreciation & Amortization	9	9	9	10	11	11	13	14
+ Non-Cash Items	- -	- -	9	16	-75	99	49	29
+ Stock-Based Compensation	- -	- -	8	11	16	21	14	10
+ Deferred Income Taxes	- -	- -	- -	-1	8	11	14	16
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	1	6	-100	67	21	3
+ Chg in Non-Cash Work Cap	-15	2	2	-34	-39	-60	-6	-60
+ (Inc) Dec in Accts Receiv	-10	-2	-1	-9	-22	-80	48	-52
+ (Inc) Dec in Inventories	-4	-1	-6	-17	-37	15	-6	-35
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	4	9	-10	-1	10	-6	48
+ Inc (Dec) in Other	- -	- -	- -	2	22	-5	-42	-21
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	3	36	54	-4	39	92	80	17
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	5
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	5
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-2	-3	-4	-3	-11	-8	-33
+ Acq of Fixed Prod Assets	-1	-2	-3	-4	-3	-11	-8	-33
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	560	43	- -	-25	- -
+ Increase in Capital Stock	- -	- -	- -	560	43	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	-25	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	-13	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	-13	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	-1	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	-2	-3	-17	-4	-11	-8	-28
+ Dividends Paid	-11	-14	-376	- -	- -	- -	- -	- -
+ Net Cash From Debt	-8	-14	364	-119	-16	-68	-42	-5
+ Cash From Debt	10	2	430	49	92	90	149	60
+ Repayments of Debt	-18	-16	-66	-168	-108	-158	-191	-65
+ Other Financing Activities	- -	- -	-36	-420	-63	- -	-4	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-19	-27	-48	21	-37	-67	-71	-5
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-18	7	3	-1	-1	14	1	-16
EBITDA	20	36	47	46	77	90	64	70
EBITDA Margin (%)	19.35	24.98	26.6	21.71	23.5	18.32	15.98	14.77
Free Cash Flow	2	34	51	-8	36	81	72	-16
Net Cash Paid for Acquisitions	- -	- -	- -	13	- -	- -	- -	- -
Free Cash Flow to Firm	4	36	54	6	54	100	81	-9
Free Cash Flow to Equity	- -	21	415	-127	20	14	30	-16
Free Cash Flow per Basic Share	0.01	0.21	0.56	-0.07	0.32	0.5	0.43	-0.1
Price/Free Cash Flow	- -	- -	- -	63,321.27	97.06	24.93	10.51	28.56
Cash Flow to Net Income	0.35	1.44	1.6	-1.74	0.31	2.3	3.33	0.51
Capital Expenditures	-1	-2	-3	-4	-3	-11	-8	-33