Shoals Technologies Group, Inc. (SHLS) Financial Ratio Screen

NASDAQ Technology United States USD 1111M
FINANCIAL SCREEN PASSED*
Automated financial screen · activity assessed separately
Shoals Technologies Group, Inc. (SHLS) passes all available checks in 2 implemented financial-ratio model(s). Its activity assessment is still in progress; this is not a Shariah verdict. Its debt proxy is 19.4% against the model threshold of 30%. The supplied classification is Technology (Solar); mixed activities and revenue segments remain part of the activity assessment.

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MSCI new-inclusion financial-ratio snapshot

SHLS financial screening at a glance

FINANCIAL SCREEN PASSED*Financial ratios shown separately from business review — not a fatwa
Debt ratio
19.4%
Pass vs 30%
Cash ratio
0.8%
Pass vs 30%
Receivables + cash
17.5%
Pass vs 30%
Impermissible income
0.1%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria passedActivity is assessed separately
FTSE/Yasaar-styleFinancial criteria passedActivity is assessed separately
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Solar) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally. The company designs, manufactures, and sells various products used by the solar and battery storage industries, including solar big lead assembly (BLA) solutions; homeruns, interconnection, and extension solutions; combiners and re-combiners; load break disconnects and transition solutions; wireless performance monitoring; and battery energy storage solutions (BESS). It also offers original equipment manufacturer (OEM) components; and technical support services during installation and the transition to operations and maintenance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 19.4%
/ 30%
0.8%
/ 30%
17.5%
/ 30%
0.06%
/ 5%
FINANCIAL SCREEN PASSED*
FTSE 19.4%
/ 33%
0.8%
/ 33%
17.5%
/ 50%
0.06%
/ 5%
FINANCIAL SCREEN PASSED*

Financial Highlights

P/E Ratio
33.1
Forward: 13.1
EPS
$0.20
P/B Ratio
1.8
EV/EBITDA
14.5
EV: $1.3B
Revenue
$475M
Growth: 38.6%
Beta
1.8
High volatility
Current Ratio
2.0

Profitability

Gross Margin 35.0%
Operating Margin 16.1%
Net Margin 7.1%
Return on Equity (ROE) 5.8%
Return on Assets (ROA) 5.5%

Cash Flow & Balance Sheet

Operating Cash Flow$17M
Free Cash Flow-$16M
Total Debt$175M
Debt-to-Equity29.8
Current Ratio2.0
Total Assets$904M

Price & Trading

Last Close$6.47
50-Day MA$8.12
200-Day MA$7.60
Avg Volume4.7M
Beta1.8
52-Week Range
$2.92
$11.36

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Shoals Technologies Group, Inc. (SHLS)

CEO
Mr. Brandon Moss
Employees
1,480
Sector
Technology
Industry
Solar
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 1111M
Currency
USD

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally. The company designs, manufactures, and sells various products used by the solar and battery storage industries, including solar big lead assembly (BLA) solutions; homeruns, interconnection, and extension solutions; combiners and re-combiners; load break disconnects and transition solutions; wireless performance monitoring; and battery energy storage solutions (BESS). It also offers original equipment manufacturer (OEM) components; and technical support services during installation and the transition to operations and maintenance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

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Frequently Asked Questions

Is Shoals Technologies Group, Inc. (SHLS) halal to invest in?

The current automated result is Financial screen passed; activity assessment pending. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Shoals Technologies Group, Inc.'s debt ratio?

Shoals Technologies Group, Inc.'s debt ratio is 19.4% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Shoals Technologies Group, Inc.'s key financial metrics?

Shoals Technologies Group, Inc. has a market capitalization of USD 1111M in its listing currency, trailing P/E ratio of 33.1, and revenue of $475M. The company maintains a gross margin of 35.0% and a net margin of 7.1%. Return on equity stands at 5.8%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.