Shoals Technologies Group (SHLS) Stock Analysis & Winston Score

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS sy

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+74.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-5.9% YoY

YoY Growth Rate

Earnings declining

Insider Activity

0.9%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~0 months

$2M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Shoals Technologies Group grew revenue 75% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

29.2%

Modest — 29.2% gross margin

Operating Margin

5.5%

Thin — 5.5% operating margin

ROCE

0.9%

Weak — 0.9% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+37.8%

Fast-growing sales (37.8% YoY)

EPS YoY

+50.3%

Earnings growing fast (50.3% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

-119%

Weak — only -119% of profit becomes cash

FCF Margin

-14.5%

Burning cash (-14.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.36

Conservative — low debt load (0.36)

Interest Cover

5.72x

Adequate interest coverage (5.7x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)

53.7x

no trend

Expensive — P/E 53.7

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward

+35.7

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (53.7 → 18.0)

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Dividends

Not applicable for this business.

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