Company / Interest Expense
Shoals Technologies Group, Inc. Interest Expense History
FY2019-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$14.5M
FY2023
5-year range
$1.8M / $14.5M
FY2019-FY2023
Trend
+314.5%
vs FY2022
Sector context
#59 of 90
Information Technology
What the data says
Interest Expense changed +315% YoY in FY2023, a notable deviation from the 4-year average annual change of +115%.
Based on SEC 10-K filings.
$15M in FY2023 with a 3-year CAGR of +60.6%.
Increased from $2M to $15M over the past 2 years.
Information Technology sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +60.6%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
#32 of 90 in Information TechnologyTop 34% of 90This company $14.5M Sector average $170.2M
▼
-91.5% below sector average
Key checks
Key Insights
- 3-year CAGR of +60.6%, indicating consistent growth.
- In FY2023, interest expense increased 314.5% year-over-year.
- Ranks #59 out of 90 companies in the Information Technology sector.
- Lowest interest expense in the period was in FY2021.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $14.5M | +314.5% |
| FY2022 | $3.5M | +96.4% |
| FY2021 | $1.8M | -49.1% |
| FY2020 | $3.5M | +96.4% |
| FY2019 | $1.8M | - |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026