What is the long-term trend for Shoals Technologies Group, Inc.'s retentions held by customers?

Over 4 years (2021 to 2025), Shoals Technologies Group, Inc.'s retentions held by customers has grown at a 45.5% compound annual growth rate (CAGR), from $26.7M to $119.52M.

Shoals Technologies Group, Inc. SHLS Retentions held by customers

Retentions held by customers at other companies

Essential UtilitiesWTRG

$257.74M+22.1%

Comfort Systems USAFIX

$2.81B+61.5%

BWX TechnologiesBWXT

$77.54M+70.8%

Tutor PeriniTPC

$275.88M+14.0%

Otis WorldwideOTIS

$58M+1.8%

Robinhood Markets, Inc.HOOD

$18.12B+97.6%

Other financials

Income statement

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Revenue$140.6M+74.9%

Gross profit$41.0M+45.7%

Operating income$7.7M+79.0%

Net income-$297.0K-5.3%

EPS (diluted)$0.00—

Balance sheet

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Cash & equivalents$1.9M-94.7%

Total debt$37.8M-73.3%

Total equity$601.6M+7.6%

Total assets$1.0B+30.8%

Cash flow

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Operating cash flow-$41.4M-366%

CapEx$7.6M+138%

Free cash flow-$49.1M-498%

Valuation

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Market cap$1.71B+98.9%

Enterprise value$1.75B+72.4%

P/E51×+5.9×

P/S3.2×+1.0×

Profitability

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Gross margin33.5%-0.9pp

Operating margin11.2%-0.1pp

Net margin6.3%+1.4pp

FCF margin3%-17.7pp

Returns & leverage

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Return on equity5.8%+2.4pp

Debt / equity0.1×-0.2×

Current ratio1.8×-0.5×

Where this comes from

Reported directly by Shoals Technologies Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:BilledContractReceivables.

The official record: Shoals Technologies Group, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shoals Technologies Group, Inc.'s retentions held by customers?: Shoals Technologies Group, Inc. (SHLS) reported retentions held by customers of $118.45M in Q1 2026.
How has Shoals Technologies Group, Inc.'s retentions held by customers changed year-over-year?: Shoals Technologies Group, Inc.'s retentions held by customers increased by 97.9% year-over-year, from $59.86M to $118.45M.
What is the long-term trend for Shoals Technologies Group, Inc.'s retentions held by customers?: Over 4 years (2021 to 2025), Shoals Technologies Group, Inc.'s retentions held by customers has grown at a 45.5% compound annual growth rate (CAGR), from $26.7M to $119.52M.