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Side-by-side financial comparison of ASSURED GUARANTY LTD (AGO) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
ASSURED GUARANTY LTD is the larger business by last-quarter revenue ($277.0M vs $148.3M, roughly 1.9× Shoals Technologies Group, Inc.). ASSURED GUARANTY LTD runs the higher net margin — 43.0% vs 5.5%, a 37.5% gap on every dollar of revenue. On growth, ASSURED GUARANTY LTD posted the faster year-over-year revenue change (77.6% vs 38.6%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 6.3%).
Assured Investment Management (AIM) was an institutional asset management firm with a heritage in credit strategies, managing approximately $15.2 billion as of its defunct status in July 2023. Secondaries Investors referred to AIM as "one of the world's most prominent hedge funds".
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.
AGO vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $277.0M | $148.3M |
| Net Profit | $119.0M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | 59.6% | 11.7% |
| Net Margin | 43.0% | 5.5% |
| Revenue YoY | 77.6% | 38.6% |
| Net Profit YoY | 561.1% | 3.9% |
| EPS (diluted) | $2.56 | $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 | $277.0M | $148.3M | ||
| Q3 25 | $207.0M | $135.8M | ||
| Q2 25 | $281.0M | $110.8M | ||
| Q1 25 | $345.0M | $80.4M | ||
| Q4 24 | $156.0M | $107.0M | ||
| Q3 24 | $269.0M | $102.2M | ||
| Q2 24 | $202.0M | $99.2M | ||
| Q1 24 | $245.0M | $90.8M |
| Q4 25 | $119.0M | $8.1M | ||
| Q3 25 | $105.0M | $11.9M | ||
| Q2 25 | $103.0M | $13.9M | ||
| Q1 25 | $176.0M | $-282.0K | ||
| Q4 24 | $18.0M | $7.8M | ||
| Q3 24 | $171.0M | $-267.0K | ||
| Q2 24 | $78.0M | $11.8M | ||
| Q1 24 | $109.0M | $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 | 59.6% | 11.7% | ||
| Q3 25 | 65.2% | 13.7% | ||
| Q2 25 | 47.3% | 14.4% | ||
| Q1 25 | 66.4% | 5.4% | ||
| Q4 24 | 19.2% | 15.4% | ||
| Q3 24 | 81.8% | 4.4% | ||
| Q2 24 | 46.5% | 18.7% | ||
| Q1 24 | 58.8% | 12.8% |
| Q4 25 | 43.0% | 5.5% | ||
| Q3 25 | 50.7% | 8.7% | ||
| Q2 25 | 36.7% | 12.5% | ||
| Q1 25 | 51.0% | -0.4% | ||
| Q4 24 | 11.5% | 7.3% | ||
| Q3 24 | 63.6% | -0.3% | ||
| Q2 24 | 38.6% | 11.9% | ||
| Q1 24 | 44.5% | 5.3% |
| Q4 25 | $2.56 | $0.05 | ||
| Q3 25 | $2.18 | $0.07 | ||
| Q2 25 | $2.08 | $0.08 | ||
| Q1 25 | $3.44 | $0.00 | ||
| Q4 24 | $0.40 | $0.04 | ||
| Q3 24 | $3.17 | $0.00 | ||
| Q2 24 | $1.41 | $0.07 | ||
| Q1 24 | $1.89 | $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 | $903.0M | $7.3M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $5.7B | $600.0M |
| Total Assets | $12.2B | $904.1M |
| Debt / EquityLower = less leverage | 0.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $903.0M | $7.3M | ||
| Q3 25 | $1.3B | $8.6M | ||
| Q2 25 | $939.0M | $4.7M | ||
| Q1 25 | $1.2B | $35.6M | ||
| Q4 24 | $1.2B | $23.5M | ||
| Q3 24 | $1.5B | $11.1M | ||
| Q2 24 | $1.7B | $3.2M | ||
| Q1 24 | $1.6B | $15.2M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | $141.8M | ||
| Q4 24 | $1.7B | $141.8M | ||
| Q3 24 | $1.7B | $141.8M | ||
| Q2 24 | $1.7B | $146.8M | ||
| Q1 24 | $1.7B | $168.8M |
| Q4 25 | $5.7B | $600.0M | ||
| Q3 25 | $5.7B | $589.6M | ||
| Q2 25 | $5.6B | $575.4M | ||
| Q1 25 | $5.6B | $558.9M | ||
| Q4 24 | $5.5B | $556.8M | ||
| Q3 24 | $5.7B | $545.2M | ||
| Q2 24 | $5.5B | $544.6M | ||
| Q1 24 | $5.6B | $554.0M |
| Q4 25 | $12.2B | $904.1M | ||
| Q3 25 | $12.1B | $851.8M | ||
| Q2 25 | $12.1B | $795.0M | ||
| Q1 25 | $11.9B | $788.4M | ||
| Q4 24 | $11.9B | $793.1M | ||
| Q3 24 | $12.3B | $801.3M | ||
| Q2 24 | $12.1B | $788.4M | ||
| Q1 24 | $12.2B | $825.3M |
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.30× | 0.25× | ||
| Q4 24 | 0.31× | 0.25× | ||
| Q3 24 | 0.30× | 0.26× | ||
| Q2 24 | 0.31× | 0.27× | ||
| Q1 24 | 0.30× | 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 | $259.0M | $-4.1M |
| Free Cash FlowOCF − Capex | — | $-11.3M |
| FCF MarginFCF / Revenue | — | -7.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | 2.18× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $259.0M | $-4.1M | ||
| Q3 25 | $55.0M | $19.4M | ||
| Q2 25 | $78.0M | $-13.8M | ||
| Q1 25 | $87.0M | $15.6M | ||
| Q4 24 | $47.0M | $14.0M | ||
| Q3 24 | $17.0M | $15.7M | ||
| Q2 24 | $58.0M | $37.8M | ||
| Q1 24 | $-74.0M | $12.9M |
| Q4 25 | — | $-11.3M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $-26.0M | ||
| Q1 25 | — | $12.3M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | — | $13.3M | ||
| Q2 24 | — | $35.8M | ||
| Q1 24 | — | $10.4M |
| Q4 25 | — | -7.6% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | -23.5% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 36.1% | ||
| Q1 24 | — | 11.4% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | 2.18× | -0.50× | ||
| Q3 25 | 0.52× | 1.63× | ||
| Q2 25 | 0.76× | -1.00× | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 2.61× | 1.79× | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.74× | 3.21× | ||
| Q1 24 | -0.68× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGO
| Insurance Segment | $226.0M | 82% |
| Other | $37.0M | 13% |
| Gain Loss On Investments Member1 | $8.0M | 3% |
| Non Credit Impairment Related Unrealized Fair Value Gains Losses On Credit Derivatives | $6.0M | 2% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
