Shoals Technologies Group, Inc. (SHLS) Return on equity 2019–2025
Shoals Technologies Group, Inc. (SHLS) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
5.6%FY2025 · since FY2019: 16.8% → 5.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 5.6% | +1.3 pp |
| FY2024 | 4.3% | -3.0 pp |
| FY2023 | 7.3% | -36.5 pp |
| FY2022 | 43.8% | -48.2 pp |
| FY2021 | 92.0% | — |
| FY2019 | 16.8% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice
More SHLS financial trends
SHLS RevenueSHLS Net incomeSHLS Net marginSHLS Gross profitSHLS Gross marginSHLS Operating incomeSHLS Operating marginSHLS Operating cash flowSHLS Free cash flowSHLS Capital expendituresSHLS Stock buybacksSHLS Dividends paidSHLS Total assetsSHLS Total liabilitiesSHLS Shareholders’ equitySHLS overview →