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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.
2020
1.3K+
LTM Revenue $414M
LTM EBITDA $102M
$897M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Shoals has a last 12-month revenue (LTM) of $414M and a last 12-month EBITDA of $102M.
In the most recent fiscal year, Shoals achieved revenue of $399M and an EBITDA of $64.3M.
Shoals expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Shoals valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $414M | XXX | $399M | XXX | XXX | XXX |
| Gross Profit | $153M | XXX | $142M | XXX | XXX | XXX |
| Gross Margin | 37% | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $102M | XXX | $64.3M | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 16% | XXX | XXX | XXX |
| EBIT | $58.5M | XXX | $51.2M | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $34.4M | XXX | $24.1M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $118M | XXX | XXX | XXX |
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As of May 30, 2025, Shoals's stock price is $5.
Shoals has current market cap of $791M, and EV of $897M.
See Shoals trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $897M | $791M | XXX | XXX | XXX | XXX | $0.36 |
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Start Free TrialAs of May 30, 2025, Shoals has market cap of $791M and EV of $897M.
Shoals's trades at 2.2x EV/Revenue multiple, and 13.9x EV/EBITDA.
Equity research analysts estimate Shoals's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Shoals has a P/E ratio of 23.0x.
See valuation multiples for Shoals and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $791M | XXX | $791M | XXX | XXX | XXX |
| EV (current) | $897M | XXX | $897M | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 8.8x | XXX | 13.9x | XXX | XXX | XXX |
| EV/EBIT | 15.3x | XXX | 17.5x | XXX | XXX | XXX |
| EV/Gross Profit | 5.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | 23.0x | XXX | 32.8x | XXX | XXX | XXX |
| EV/FCF | 19.7x | XXX | 12.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialShoals's last 12 month revenue growth is 10%
Shoals's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Shoals's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Shoals's rule of X is 50% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Shoals and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | 29% | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 23% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| SBM Offshore | XXX | XXX | XXX | XXX | XXX | XXX |
| Friedrich Vorwerk Group | XXX | XXX | XXX | XXX | XXX | XXX |
| GE Vernova T&D India | XXX | XXX | XXX | XXX | XXX | XXX |
| Suzlon Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Inox Wind | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Shoals acquired XXX companies to date.
Last acquisition by Shoals was XXXXXXXX, XXXXX XXXXX XXXXXX . Shoals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Shoals founded? | Shoals was founded in 2020. |
| Where is Shoals headquartered? | Shoals is headquartered in United States of America. |
| How many employees does Shoals have? | As of today, Shoals has 1.3K+ employees. |
| Who is the CEO of Shoals? | Shoals's CEO is Mr. Brandon Moss. |
| Is Shoals publicy listed? | Yes, Shoals is a public company listed on NAS. |
| What is the stock symbol of Shoals? | Shoals trades under SHLS ticker. |
| When did Shoals go public? | Shoals went public in 2021. |
| Who are competitors of Shoals? | Similar companies to Shoals include e.g. SBM Offshore, Friedrich Vorwerk Group, GE Vernova T&D India, Suzlon Energy. |
| What is the current market cap of Shoals? | Shoals's current market cap is $791M |
| What is the current revenue of Shoals? | Shoals's last 12 months revenue is $414M. |
| What is the current revenue growth of Shoals? | Shoals revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Shoals? | Current revenue multiple of Shoals is 2.2x. |
| Is Shoals profitable? | Yes, Shoals is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Shoals? | Shoals's last 12 months EBITDA is $102M. |
| What is Shoals's EBITDA margin? | Shoals's last 12 months EBITDA margin is 25%. |
| What is the current EV/EBITDA multiple of Shoals? | Current EBITDA multiple of Shoals is 8.8x. |
| What is the current FCF of Shoals? | Shoals's last 12 months FCF is $45.4M. |
| What is Shoals's FCF margin? | Shoals's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Shoals? | Current FCF multiple of Shoals is 19.7x. |
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