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Annual · values2025202420232022202120202019
Operating Cash Flow17.07 M USD80.39 M USD91.95 M USD39.45 M USD-4.08 M USD54.08 M USD36.18 M USD
Depreciation & Amortization13.82 M USD12.63 M USD10.53 M USD10.51 M USD10.05 M USD9.40 M USD9.16 M USD
Stock-Based Compensation9.90 M USD14.23 M USD20.86 M USD16.11 M USD11.29 M USD8.25 M USD0 USD
Capital Expenditures33.04 M USD8.39 M USD10.58 M USD3.15 M USD4.13 M USD3.24 M USD1.72 M USD
Cash Flow from Investing-27.95 M USD-8.39 M USD-10.85 M USD-3.66 M USD-17.04 M USD-3.24 M USD-1.72 M USD
Cash Flow from Financing-5.30 M USD-71.19 M USD-67.17 M USD-36.59 M USD20.60 M USD-47.85 M USD-27.49 M USD
Dividends Paid
Stock Buybacks0 USD25.33 M USD0 USD0 USD
Free Cash Flow-15.98 M USD72.00 M USD81.38 M USD36.30 M USD-8.21 M USD50.85 M USD34.46 M USD

Shoals Technologies Group, Inc. is a leading provider of electrical balance of system (EBOS) solutions for solar energy projects, primarily serving the United States market. Its comprehensive portfolio includes cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, power distribution units, and other components essential for interconnecting photovoltaic modules, carrying electric current from solar panels to inverters, optimizing energy output, and ensuring safe, reliable performance. These products are sold principally to engineering, procurement, and construction firms building utility-scale solar installations, as well as emerging applications like battery energy storage systems and AI data centers. Shoals Technologies Group, Inc. designs, engineers, and manufactures these solutions to support the solar industry's need for efficient electrical infrastructure. Founded in 1996 and headquartered in Portland, Tennessee, the company plays a critical role in the solar sector by enabling scalable, high-performance energy projects.