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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
ACV Auctions Inc. is the larger business by last-quarter revenue ($183.6M vs $148.3M, roughly 1.2× Shoals Technologies Group, Inc.). On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 15.1%). Shoals Technologies Group, Inc. produced more free cash flow last quarter ($-11.3M vs $-14.7M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 12.3%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
Shoals Technologies Group is a leading provider of electrical balance of systems solutions for renewable energy and e-mobility. It supplies connectivity components for solar projects, energy storage systems and EV charging infrastructure, serving clients across North America, Europe and Asia-Pacific.
ACVA vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $148.3M |
| Net Profit | — | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | -9.7% | 11.7% |
| Net Margin | — | 5.5% |
| Revenue YoY | 15.1% | 38.6% |
| Net Profit YoY | — | 3.9% |
| EPS (diluted) | $-0.12 | $0.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $183.6M | $148.3M | ||
| Q3 25 | $199.6M | $135.8M | ||
| Q2 25 | $193.7M | $110.8M | ||
| Q1 25 | $182.7M | $80.4M | ||
| Q4 24 | $159.5M | $107.0M | ||
| Q3 24 | $171.3M | $102.2M | ||
| Q2 24 | $160.6M | $99.2M | ||
| Q1 24 | $145.7M | $90.8M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $-24.5M | $11.9M | ||
| Q2 25 | $-7.3M | $13.9M | ||
| Q1 25 | $-14.8M | $-282.0K | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | $-16.0M | $-267.0K | ||
| Q2 24 | $-17.1M | $11.8M | ||
| Q1 24 | $-20.5M | $4.8M |
| Q4 25 | — | 31.6% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 35.0% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 40.3% | ||
| Q1 24 | — | 40.2% |
| Q4 25 | -9.7% | 11.7% | ||
| Q3 25 | -11.9% | 13.7% | ||
| Q2 25 | -3.7% | 14.4% | ||
| Q1 25 | -7.9% | 5.4% | ||
| Q4 24 | -16.2% | 15.4% | ||
| Q3 24 | -10.0% | 4.4% | ||
| Q2 24 | -11.6% | 18.7% | ||
| Q1 24 | -15.5% | 12.8% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | -12.3% | 8.7% | ||
| Q2 25 | -3.8% | 12.5% | ||
| Q1 25 | -8.1% | -0.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | -9.4% | -0.3% | ||
| Q2 24 | -10.6% | 11.9% | ||
| Q1 24 | -14.1% | 5.3% |
| Q4 25 | $-0.12 | $0.05 | ||
| Q3 25 | $-0.14 | $0.07 | ||
| Q2 25 | $-0.04 | $0.08 | ||
| Q1 25 | $-0.09 | $0.00 | ||
| Q4 24 | $-0.15 | $0.04 | ||
| Q3 24 | $-0.10 | $0.00 | ||
| Q2 24 | $-0.10 | $0.07 | ||
| Q1 24 | $-0.13 | $0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $429.7M | $600.0M |
| Total Assets | $1.1B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | $7.3M | ||
| Q3 25 | $265.3M | $8.6M | ||
| Q2 25 | $258.4M | $4.7M | ||
| Q1 25 | $291.9M | $35.6M | ||
| Q4 24 | $224.1M | $23.5M | ||
| Q3 24 | $252.5M | $11.1M | ||
| Q2 24 | $215.0M | $3.2M | ||
| Q1 24 | $209.8M | $15.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $168.8M |
| Q4 25 | $429.7M | $600.0M | ||
| Q3 25 | $434.4M | $589.6M | ||
| Q2 25 | $448.8M | $575.4M | ||
| Q1 25 | $439.6M | $558.9M | ||
| Q4 24 | $440.0M | $556.8M | ||
| Q3 24 | $456.2M | $545.2M | ||
| Q2 24 | $457.6M | $544.6M | ||
| Q1 24 | $458.3M | $554.0M |
| Q4 25 | $1.1B | $904.1M | ||
| Q3 25 | $1.2B | $851.8M | ||
| Q2 25 | $1.1B | $795.0M | ||
| Q1 25 | $1.2B | $788.4M | ||
| Q4 24 | $984.1M | $793.1M | ||
| Q3 24 | $1.0B | $801.3M | ||
| Q2 24 | $1.0B | $788.4M | ||
| Q1 24 | $1.0B | $825.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.30× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | $-4.1M |
| Free Cash FlowOCF − Capex | $-14.7M | $-11.3M |
| FCF MarginFCF / Revenue | -8.0% | -7.6% |
| Capex IntensityCapex / Revenue | 1.2% | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | $-4.1M | ||
| Q3 25 | $10.3M | $19.4M | ||
| Q2 25 | $13.7M | $-13.8M | ||
| Q1 25 | $66.6M | $15.6M | ||
| Q4 24 | $-3.2M | $14.0M | ||
| Q3 24 | $21.1M | $15.7M | ||
| Q2 24 | $4.5M | $37.8M | ||
| Q1 24 | $43.0M | $12.9M |
| Q4 25 | $-14.7M | $-11.3M | ||
| Q3 25 | $7.7M | $9.0M | ||
| Q2 25 | $10.9M | $-26.0M | ||
| Q1 25 | $65.3M | $12.3M | ||
| Q4 24 | $-3.9M | $12.5M | ||
| Q3 24 | $20.2M | $13.3M | ||
| Q2 24 | $2.7M | $35.8M | ||
| Q1 24 | $41.9M | $10.4M |
| Q4 25 | -8.0% | -7.6% | ||
| Q3 25 | 3.8% | 6.6% | ||
| Q2 25 | 5.6% | -23.5% | ||
| Q1 25 | 35.7% | 15.4% | ||
| Q4 24 | -2.5% | 11.6% | ||
| Q3 24 | 11.8% | 13.0% | ||
| Q2 24 | 1.7% | 36.1% | ||
| Q1 24 | 28.8% | 11.4% |
| Q4 25 | 1.2% | 4.8% | ||
| Q3 25 | 1.3% | 7.7% | ||
| Q2 25 | 1.5% | 11.0% | ||
| Q1 25 | 0.7% | 4.0% | ||
| Q4 24 | 0.4% | 1.4% | ||
| Q3 24 | 0.6% | 2.3% | ||
| Q2 24 | 1.1% | 2.0% | ||
| Q1 24 | 0.7% | 2.7% |
| Q4 25 | — | -0.50× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | -1.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.21× | ||
| Q1 24 | — | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
