Shoals Technologies
SHLS
$8.52
Share price
3.15%
Change (1 day)
-57.99%
Change (1 year)
Categories
Operating Margin for Shoals Technologies (SHLS)
Operating Margin as of April 2024 (TTM): 44.47%
According to Shoals Technologies's latest financial reports and stock price the company's current Operating Margin is 44.47%. At the end of 2022 the company had an Operating Margin of 46.49%.
Operating Margin history for Shoals Technologies from 2020 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 46.49% | 2359.7% |
| 2021 | 1.89% | -90.17% |
| 2020 | 19.24% | 10.56% |
| 2019 | 17.40% | 108.78% |
| 2018 | 8.33% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Plug Power PLUG | -103.09% | -331.82% | 🇺🇸 USA |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.