SHLSShoals Technologies Group, Inc.
Semiconductors & Related Devices
- Revenue
- $475M
- 19% YoY
- Operating margin
- 11.9%
- 7.5% YoY
- EBITDA
- $70M
- 10% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.8×
- $126M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired51% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear7% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $213M | $327M | $489M | $399M | $475M | 19% |
| Operating income | $36M | $66M | $79M | $51M | $56M | 10% |
| Net income | $2M | $128M | $40M | $24M | $34M | 39% |
| Operating cash flow | −$4M | $39M | $92M | $80M | $17M | 79% |
| Capex | $4M | $3M | $11M | $8M | $33M | 294% |
| Stock-based comp | $11M | $16M | $21M | $14M | $10M | 30% |
| Buybacks | — | $0 | $0 | $25M | $0 | 100% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.