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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) 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 ($148.3M vs $83.2M, roughly 1.8× BrightSpire Capital, Inc.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs -17.3%, a 22.7% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs -0.4%). BrightSpire Capital, Inc. produced more free cash flow last quarter ($55.1M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs -6.8%).
Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
BRSP vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $83.2M | $148.3M |
| Net Profit | $-14.4M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | -17.3% | 5.5% |
| Revenue YoY | -0.4% | 38.6% |
| Net Profit YoY | 27.3% | 3.9% |
| EPS (diluted) | $-0.11 | $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 | $83.2M | $148.3M | ||
| Q3 25 | $83.9M | $135.8M | ||
| Q2 25 | $85.9M | $110.8M | ||
| Q1 25 | $77.6M | $80.4M | ||
| Q4 24 | $83.5M | $107.0M | ||
| Q3 24 | $88.2M | $102.2M | ||
| Q2 24 | $91.4M | $99.2M | ||
| Q1 24 | $95.8M | $90.8M |
| Q4 25 | $-14.4M | $8.1M | ||
| Q3 25 | $984.0K | $11.9M | ||
| Q2 25 | $-23.1M | $13.9M | ||
| Q1 25 | $5.3M | $-282.0K | ||
| Q4 24 | $-19.7M | $7.8M | ||
| Q3 24 | $12.7M | $-267.0K | ||
| Q2 24 | $-67.9M | $11.8M | ||
| Q1 24 | $-57.1M | $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 | — | 11.7% | ||
| Q3 25 | -1.7% | 13.7% | ||
| Q2 25 | -54.5% | 14.4% | ||
| Q1 25 | 5.1% | 5.4% | ||
| Q4 24 | -24.9% | 15.4% | ||
| Q3 24 | 13.2% | 4.4% | ||
| Q2 24 | -74.9% | 18.7% | ||
| Q1 24 | -59.4% | 12.8% |
| Q4 25 | -17.3% | 5.5% | ||
| Q3 25 | 1.2% | 8.7% | ||
| Q2 25 | -26.9% | 12.5% | ||
| Q1 25 | 6.9% | -0.4% | ||
| Q4 24 | -23.7% | 7.3% | ||
| Q3 24 | 14.4% | -0.3% | ||
| Q2 24 | -74.2% | 11.9% | ||
| Q1 24 | -59.6% | 5.3% |
| Q4 25 | $-0.11 | $0.05 | ||
| Q3 25 | $0.00 | $0.07 | ||
| Q2 25 | $-0.19 | $0.08 | ||
| Q1 25 | $0.04 | $0.00 | ||
| Q4 24 | $-0.16 | $0.04 | ||
| Q3 24 | $0.09 | $0.00 | ||
| Q2 24 | $-0.53 | $0.07 | ||
| Q1 24 | $-0.45 | $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 | $66.8M | $7.3M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $938.4M | $600.0M |
| Total Assets | $3.6B | $904.1M |
| Debt / EquityLower = less leverage | 2.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.8M | $7.3M | ||
| Q3 25 | $113.4M | $8.6M | ||
| Q2 25 | $154.3M | $4.7M | ||
| Q1 25 | $200.9M | $35.6M | ||
| Q4 24 | $302.2M | $23.5M | ||
| Q3 24 | $263.8M | $11.1M | ||
| Q2 24 | $203.3M | $3.2M | ||
| Q1 24 | $221.5M | $15.2M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | $141.8M | ||
| Q4 24 | $2.5B | $141.8M | ||
| Q3 24 | $2.6B | $141.8M | ||
| Q2 24 | $2.5B | $146.8M | ||
| Q1 24 | $2.6B | $168.8M |
| Q4 25 | $938.4M | $600.0M | ||
| Q3 25 | $976.4M | $589.6M | ||
| Q2 25 | $994.4M | $575.4M | ||
| Q1 25 | $1.0B | $558.9M | ||
| Q4 24 | $1.0B | $556.8M | ||
| Q3 24 | $1.1B | $545.2M | ||
| Q2 24 | $1.1B | $544.6M | ||
| Q1 24 | $1.2B | $554.0M |
| Q4 25 | $3.6B | $904.1M | ||
| Q3 25 | $3.3B | $851.8M | ||
| Q2 25 | $3.4B | $795.0M | ||
| Q1 25 | $3.6B | $788.4M | ||
| Q4 24 | $3.7B | $793.1M | ||
| Q3 24 | $3.8B | $801.3M | ||
| Q2 24 | $3.8B | $788.4M | ||
| Q1 24 | $3.9B | $825.3M |
| Q4 25 | 2.63× | — | ||
| Q3 25 | 2.22× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.27× | 0.25× | ||
| Q4 24 | 2.38× | 0.25× | ||
| Q3 24 | 2.36× | 0.26× | ||
| Q2 24 | 2.28× | 0.27× | ||
| Q1 24 | 2.17× | 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 | $73.0M | $-4.1M |
| Free Cash FlowOCF − Capex | $55.1M | $-11.3M |
| FCF MarginFCF / Revenue | 66.2% | -7.6% |
| Capex IntensityCapex / Revenue | 21.6% | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.0M | $-4.1M | ||
| Q3 25 | $29.9M | $19.4M | ||
| Q2 25 | $17.4M | $-13.8M | ||
| Q1 25 | $10.5M | $15.6M | ||
| Q4 24 | $103.4M | $14.0M | ||
| Q3 24 | $31.3M | $15.7M | ||
| Q2 24 | $22.9M | $37.8M | ||
| Q1 24 | $24.6M | $12.9M |
| Q4 25 | $55.1M | $-11.3M | ||
| Q3 25 | $27.4M | $9.0M | ||
| Q2 25 | $11.6M | $-26.0M | ||
| Q1 25 | $8.0M | $12.3M | ||
| Q4 24 | $97.3M | $12.5M | ||
| Q3 24 | $28.3M | $13.3M | ||
| Q2 24 | $22.7M | $35.8M | ||
| Q1 24 | $22.2M | $10.4M |
| Q4 25 | 66.2% | -7.6% | ||
| Q3 25 | 32.7% | 6.6% | ||
| Q2 25 | 13.4% | -23.5% | ||
| Q1 25 | 10.3% | 15.4% | ||
| Q4 24 | 116.6% | 11.6% | ||
| Q3 24 | 32.1% | 13.0% | ||
| Q2 24 | 24.9% | 36.1% | ||
| Q1 24 | 23.2% | 11.4% |
| Q4 25 | 21.6% | 4.8% | ||
| Q3 25 | 2.9% | 7.7% | ||
| Q2 25 | 6.8% | 11.0% | ||
| Q1 25 | 3.2% | 4.0% | ||
| Q4 24 | 7.3% | 1.4% | ||
| Q3 24 | 3.4% | 2.3% | ||
| Q2 24 | 0.1% | 2.0% | ||
| Q1 24 | 2.5% | 2.7% |
| Q4 25 | — | -0.50× | ||
| Q3 25 | 30.36× | 1.63× | ||
| Q2 25 | — | -1.00× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | 2.46× | — | ||
| 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
BRSP
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
