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
$24.1M
FY2023
5-year range
$14.5M / $24.1M
FY2019-FY2023
Trend
+30.0%
vs FY2022
Sector context
#42 of 79
Information Technology
What the data says
At $24M, Shoals Technologies Group, Inc.'s interest expense ranks #38 of 79 in the Information Technology sector. Interest Expense has increased for 4 consecutive years, from $2M in FY2019 to $24M in FY2023.
Based on SEC 10-K filings.
$24M in FY2023 with a 3-year CAGR of +90.1%.
Increased from $15M to $24M over the past 2 years.
Information Technology sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +90.1%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
#38 of 79 in Information TechnologyTop 47% of 79This company $24.1M Sector average $134.8M
▼
-82.1% below sector average
Key checks
Key Insights
- Shoals Technologies Group, Inc.'s interest expense has grown for 4 consecutive years.
- 3-year CAGR of +90.1%, indicating consistent growth.
- In FY2023, interest expense increased 30.0% year-over-year.
- Ranks #42 out of 79 companies in the Information Technology sector.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $24.1M | +30.0% |
| FY2022 | $18.5M | +27.4% |
| FY2021 | $14.5M | +314.5% |
| FY2020 | $3.5M | +96.4% |
| FY2019 | $1.8M | - |
As of FY2023 · SEC 10-K · Updated Feb 28, 2026