Shoals Technologies Group, Inc.
SHLSActiveCIK 1831651 · Renewables, RNG & Sustainability Infrastructure
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, SHLS filings, SEC EDGAR
$1,483
Market cap ($MM)
$1,701
Enterprise value ($MM)
$536
Revenue · LTM ($MM)
$75
EBITDA · LTM ($MM)
14%
EBITDA margin
3.2x
EV / revenue
22.8x
EV / EBITDA
1.7x
Net debt / EBITDA
Coverage
Coverage view
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
- 01SHLS is a scaled public consolidator in Renewables & RNG, a benchmark for how the sub-sector buys, pays, and trades.
- 02The relevant peer set is AMRC, NEE, CWEN, BEP, BEPC, ORA.
Balance sheet & capacity
Indicative capacity read: 1.7x net debt / EBITDA with EBITDA of $74.7MM.
$2
Cash & equiv. ($MM)
$127
Total debt ($MM)
$125
Net debt ($MM)
1.7x
Net debt / EBITDA
Valuation
Where it trades against its peer set
SHLS versus the scaled public Renewables, RNG & Sustainability Infrastructure comparables.
Indexed share-price performance
SHLS versus available Renewables, RNG & Sustainability Infrastructure peers and SPY.
-61%
SHLS
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Shoals Technologies Group, Inc. | SHLS | $536 | $75 | 14% | $1,483 | $1,701 | 3.2x | 22.8x | 1.7x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
A sustained, programmatic tuck-in cadence
SHLS's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
5
Active years
1
Named deals
N/A
Avg / active year
5.0
Acq. cash outflow ($MM)
N/A
Banker read
- 01SHLS reads as a programmatic acquirer: 5 disclosed acquisitions across 1 active years, or 5.0 per active year. The chart shows activity in 1 of the last 1 visible years.
- 02In the last three years, the file shows 1 acquisitions versus 0 in the prior three; recent activity is the visible baseline.
- 03Spend changes the read: $12.9MM of disclosed spend is concentrated in lumpy years, with FY21 the largest year at $12.9MM. Recent spend is the visible baseline.
Annual acquisitions + disclosed spend
SHLS count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
1 / 0
Last three years sets the visible baseline vs prior three.
Peak count year
FY21
1 disclosed acquisitions in the peak visible year.
Recent spend
$12.9MM
sets the visible baseline vs prior three; peak FY21 at $12.9MM.
Named evidence
0 rows
0.0% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| No named transactions clear the quality bar in this snapshot. | |||||
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 1 SEC-backed facts across 0 cited filings.
Evidence
Source archive
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
0
Named deal filings
0
Recent SEC filings
0
Evidence clips
0
Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.0 rows+-
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.0 rows+-
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+-
Evidence clipsShort excerpts used on the page; expand only when you want the language.0 rows+-
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.