Shoals Technologies Group Inc (SHLS) — Cash Flow Quality Index
Shoals Technologies Group Inc (SHLS) has a Cash Flow Quality Index of 1.63x as of September 2025. Operating cash flow of $19.42 Million exceeds net income of $11.88 Million, indicating high earnings quality where cash backs reported profits. Also explore how large is Shoals Technologies Group Inc's balance sheet for the complete picture of this company's asset base.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Shoals Technologies Group Inc Cash Flow Quality Index (2018–2024)
Historical Cash Flow Quality Index for Shoals Technologies Group Inc across 7 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check SHLS tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Shoals Technologies Group Inc (2018–2024)
Year-by-year earnings quality comparison for Shoals Technologies Group Inc. For live market cap and the full company financial profile, see market cap of Shoals Technologies Group Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 3.33x | $80.39 Million | $24.13 Million | ▲ +54.6% |
| 2023 | 2.16x | $91.95 Million | $42.66 Million | ▲ +681.3% |
| 2022 | 0.28x | $39.45 Million | $143.01 Million | ▲ +126.6% |
| 2021 | -1.04x | $-4.08 Million | $3.94 Million | ▼ -164.6% |
| 2020 | 1.60x | $54.08 Million | $33.77 Million | ▲ +11.3% |
| 2019 | 1.44x | $36.18 Million | $25.14 Million | ▲ +314.6% |
| 2018 | 0.35x | $3.00 Million | $8.65 Million | — |