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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
Shoals Technologies Group, Inc. is the larger business by last-quarter revenue ($140.6M vs $127.0M, roughly 1.1× BRANDYWINE REALTY TRUST). Shoals Technologies Group, Inc. runs the higher net margin — -0.2% vs -38.4%, a 38.2% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (74.9% vs 4.5%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (19.0% CAGR vs 0.7%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
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.
BDN vs SHLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $140.6M |
| Net Profit | $-48.8M | $-297.0K |
| Gross Margin | — | 29.2% |
| Operating Margin | 1.2% | 5.5% |
| Net Margin | -38.4% | -0.2% |
| Revenue YoY | 4.5% | 74.9% |
| Net Profit YoY | -80.4% | -5.3% |
| EPS (diluted) | $-0.28 | $0.00 |
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.
| Q1 26 | $127.0M | $140.6M | ||
| Q4 25 | $121.0M | $148.3M | ||
| Q3 25 | $121.4M | $135.8M | ||
| Q2 25 | $120.6M | $110.8M | ||
| Q1 25 | $121.5M | $80.4M | ||
| Q4 24 | $121.9M | $107.0M | ||
| Q3 24 | $131.8M | $102.2M | ||
| Q2 24 | $125.3M | $99.2M |
| Q1 26 | $-48.8M | $-297.0K | ||
| Q4 25 | $-36.7M | $8.1M | ||
| Q3 25 | $-25.9M | $11.9M | ||
| Q2 25 | $-88.7M | $13.9M | ||
| Q1 25 | $-27.0M | $-282.0K | ||
| Q4 24 | $-44.5M | $7.8M | ||
| Q3 24 | $-165.2M | $-267.0K | ||
| Q2 24 | $30.2M | $11.8M |
| Q1 26 | — | 29.2% | ||
| Q4 25 | 61.3% | 31.6% | ||
| Q3 25 | 62.6% | 37.0% | ||
| Q2 25 | 62.4% | 37.2% | ||
| Q1 25 | 60.8% | 35.0% | ||
| Q4 24 | 61.2% | 37.6% | ||
| Q3 24 | 64.9% | 24.8% | ||
| Q2 24 | 63.1% | 40.3% |
| Q1 26 | 1.2% | 5.5% | ||
| Q4 25 | 22.8% | 11.7% | ||
| Q3 25 | 20.8% | 13.7% | ||
| Q2 25 | -34.3% | 14.4% | ||
| Q1 25 | 12.5% | 5.4% | ||
| Q4 24 | 18.0% | 15.4% | ||
| Q3 24 | -7.2% | 4.4% | ||
| Q2 24 | 15.5% | 18.7% |
| Q1 26 | -38.4% | -0.2% | ||
| Q4 25 | -30.3% | 5.5% | ||
| Q3 25 | -21.3% | 8.7% | ||
| Q2 25 | -73.5% | 12.5% | ||
| Q1 25 | -22.2% | -0.4% | ||
| Q4 24 | -36.5% | 7.3% | ||
| Q3 24 | -125.4% | -0.3% | ||
| Q2 24 | 24.1% | 11.9% |
| Q1 26 | $-0.28 | $0.00 | ||
| Q4 25 | $-0.21 | $0.05 | ||
| Q3 25 | $-0.15 | $0.07 | ||
| Q2 25 | $-0.51 | $0.08 | ||
| Q1 25 | $-0.16 | $0.00 | ||
| Q4 24 | $-0.25 | $0.04 | ||
| Q3 24 | $-0.96 | $0.00 | ||
| Q2 24 | $0.17 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $601.6M |
| Total Assets | $3.6B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | $1.9M | ||
| Q4 25 | $32.3M | $7.3M | ||
| Q3 25 | $75.5M | $8.6M | ||
| Q2 25 | $122.6M | $4.7M | ||
| Q1 25 | $29.4M | $35.6M | ||
| Q4 24 | $90.2M | $23.5M | ||
| Q3 24 | $36.5M | $11.1M | ||
| Q2 24 | $30.4M | $3.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | $141.8M | ||
| Q4 24 | $2.2B | $141.8M | ||
| Q3 24 | $2.3B | $141.8M | ||
| Q2 24 | $2.2B | $146.8M |
| Q1 26 | — | $601.6M | ||
| Q4 25 | $792.7M | $600.0M | ||
| Q3 25 | $841.5M | $589.6M | ||
| Q2 25 | $879.8M | $575.4M | ||
| Q1 25 | $993.6M | $558.9M | ||
| Q4 24 | $1.0B | $556.8M | ||
| Q3 24 | $1.1B | $545.2M | ||
| Q2 24 | $1.3B | $544.6M |
| Q1 26 | $3.6B | $1.0B | ||
| Q4 25 | $3.6B | $904.1M | ||
| Q3 25 | $3.3B | $851.8M | ||
| Q2 25 | $3.4B | $795.0M | ||
| Q1 25 | $3.4B | $788.4M | ||
| Q4 24 | $3.5B | $793.1M | ||
| Q3 24 | $3.6B | $801.3M | ||
| Q2 24 | $3.8B | $788.4M |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | 0.25× | ||
| Q4 24 | 2.13× | 0.25× | ||
| Q3 24 | 2.06× | 0.26× | ||
| Q2 24 | 1.73× | 0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
SHLS
Segment breakdown not available.
