Shoals Technologies price to free cash flow SHLS

Market value divided by free cash flow over the last twelve months, since 2023.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 230×; Feb 2026
4-year median: 25.7×
4-year range: 6.5× to 230×
Peer median: 31.7×

Shoals Technologies' price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Feb 2026, at 230×.

On the days it had one over the last 4 years, its median was 25.7×, from 6.5× in Mar 2025 to 230× in Feb 2026.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	230×	187×	230×
2025	199×	6.5×	199×
2024	11.3×	8.9×	30.7×
2023	28.9×	24.7×	120×

Against its peers

Companies in Semiconductors nearest Shoals Technologies' size, closest first, today.

Company	Price to free cash flow
SHLSShoals Technologies	n/m
CRCTCricut	n/m
PLABPhotronics	15.0×
VECOVeeco Instruments	30.2×
KOPNKopin	n/m
POWIPower Integrations	33.2×
IPGPIPG Photonics	145×
OSISOSI Systems	12.8×
PENGPenguin Solutions	n/m
ACLSAxcelis Technologies	50.2×
ACMRACM Research	n/m
Peer median	31.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Shoals Technologies

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.