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