Shoals Technologies Group, Inc. Annual Operating Margin in % from 2019 to 2023

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
Shoals Technologies Group, Inc. quarterly/annual Operating Margin history and growth rate from 2019 to 2023.
  • Shoals Technologies Group, Inc. Operating Margin for the quarter ending June 30, 2024 was 11.3 %, a 54.1% decline year-over-year.
  • Shoals Technologies Group, Inc. annual Operating Margin for 2023 was 16.2 %, a 20.3% decline from 2022.
  • Shoals Technologies Group, Inc. annual Operating Margin for 2022 was 20.3 %, a 19.4% increase from 2021.
  • Shoals Technologies Group, Inc. annual Operating Margin for 2021 was 17 %, a 20% decline from 2020.
Operating Margin, Annual (%)
Operating Margin, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 16.2 -4.12 -20.3% Jan 1, 2023 Dec 31, 2023
2022 20.3 +3.29 +19.4% Jan 1, 2022 Dec 31, 2022
2021 17 -4.24 -20% Jan 1, 2021 Dec 31, 2021
2020 21.2 +2.6 +14% Jan 1, 2020 Dec 31, 2020
2019 18.6 Jan 1, 2019 Dec 31, 2019
* An asterisk sign (*) next to the value indicates that the value is likely invalid.