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Side-by-side financial comparison of FIRST BUSEY CORP (BUSE) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
FIRST BUSEY CORP is the larger business by last-quarter revenue ($196.2M vs $148.3M, roughly 1.3× Shoals Technologies Group, Inc.). FIRST BUSEY CORP runs the higher net margin — 25.5% vs 5.5%, a 20.0% gap on every dollar of revenue. Over the past eight quarters, FIRST BUSEY CORP's revenue compounded faster (29.9% CAGR vs 27.8%).
First Busey Bank is a financial institution headquartered in Champaign, Illinois that operates in Illinois, Indiana, and southwest Florida. It is owned by First Busey Holding, a financial holding company.
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.
BUSE vs SHLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $196.2M | $148.3M |
| Net Profit | $50.0M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | 25.5% | 5.5% |
| Revenue YoY | — | 38.6% |
| Net Profit YoY | 266.7% | 3.9% |
| EPS (diluted) | $1.00 | $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.
| Q1 26 | $196.2M | — | ||
| Q4 25 | $200.2M | $148.3M | ||
| Q3 25 | $196.3M | $135.8M | ||
| Q2 25 | $198.0M | $110.8M | ||
| Q1 25 | $125.0M | $80.4M | ||
| Q4 24 | $116.8M | $107.0M | ||
| Q3 24 | $118.5M | $102.2M | ||
| Q2 24 | $116.2M | $99.2M |
| Q1 26 | $50.0M | — | ||
| Q4 25 | — | $8.1M | ||
| Q3 25 | $57.1M | $11.9M | ||
| Q2 25 | $47.4M | $13.9M | ||
| Q1 25 | $-30.0M | $-282.0K | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | $32.0M | $-267.0K | ||
| Q2 24 | $27.4M | $11.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 38.7% | 11.7% | ||
| Q3 25 | 39.4% | 13.7% | ||
| Q2 25 | 32.6% | 14.4% | ||
| Q1 25 | -26.1% | 5.4% | ||
| Q4 24 | 32.0% | 15.4% | ||
| Q3 24 | 35.9% | 4.4% | ||
| Q2 24 | 33.1% | 18.7% |
| Q1 26 | 25.5% | — | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | 29.1% | 8.7% | ||
| Q2 25 | 23.9% | 12.5% | ||
| Q1 25 | -24.0% | -0.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 27.0% | -0.3% | ||
| Q2 24 | 23.5% | 11.9% |
| Q1 26 | $1.00 | — | ||
| Q4 25 | $0.81 | $0.05 | ||
| Q3 25 | $0.58 | $0.07 | ||
| Q2 25 | $0.52 | $0.08 | ||
| Q1 25 | $-0.44 | $0.00 | ||
| Q4 24 | $0.50 | $0.04 | ||
| Q3 24 | $0.55 | $0.00 | ||
| Q2 24 | $0.47 | $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 | $288.5M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $600.0M |
| Total Assets | $18.1B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $288.5M | — | ||
| Q4 25 | $294.1M | $7.3M | ||
| Q3 25 | $385.5M | $8.6M | ||
| Q2 25 | $752.4M | $4.7M | ||
| Q1 25 | $1.2B | $35.6M | ||
| Q4 24 | $697.7M | $23.5M | ||
| Q3 24 | $553.7M | $11.1M | ||
| Q2 24 | $285.3M | $3.2M |
| Q1 26 | — | — | ||
| Q4 25 | $113.8M | — | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | $0 | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $600.0M | ||
| Q3 25 | $2.4B | $589.6M | ||
| Q2 25 | $2.4B | $575.4M | ||
| Q1 25 | $2.2B | $558.9M | ||
| Q4 24 | $1.4B | $556.8M | ||
| Q3 24 | $1.4B | $545.2M | ||
| Q2 24 | $1.3B | $544.6M |
| Q1 26 | $18.1B | — | ||
| Q4 25 | $18.1B | $904.1M | ||
| Q3 25 | $18.2B | $851.8M | ||
| Q2 25 | $18.9B | $795.0M | ||
| Q1 25 | $19.5B | $788.4M | ||
| Q4 24 | $12.0B | $793.1M | ||
| Q3 24 | $12.0B | $801.3M | ||
| Q2 24 | $12.0B | $788.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.05× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | 0.00× | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.27× |
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 | — | $-4.1M |
| Free Cash FlowOCF − Capex | — | $-11.3M |
| FCF MarginFCF / Revenue | — | -7.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.6M | $-4.1M | ||
| Q3 25 | $62.5M | $19.4M | ||
| Q2 25 | $49.5M | $-13.8M | ||
| Q1 25 | $8.4M | $15.6M | ||
| Q4 24 | $178.3M | $14.0M | ||
| Q3 24 | $60.1M | $15.7M | ||
| Q2 24 | $28.5M | $37.8M |
| Q1 26 | — | — | ||
| Q4 25 | $173.0M | $-11.3M | ||
| Q3 25 | $54.5M | $9.0M | ||
| Q2 25 | $46.1M | $-26.0M | ||
| Q1 25 | $6.6M | $12.3M | ||
| Q4 24 | $171.8M | $12.5M | ||
| Q3 24 | $59.1M | $13.3M | ||
| Q2 24 | $26.3M | $35.8M |
| Q1 26 | — | — | ||
| Q4 25 | 86.4% | -7.6% | ||
| Q3 25 | 27.7% | 6.6% | ||
| Q2 25 | 23.3% | -23.5% | ||
| Q1 25 | 5.3% | 15.4% | ||
| Q4 24 | 147.1% | 11.6% | ||
| Q3 24 | 49.9% | 13.0% | ||
| Q2 24 | 22.6% | 36.1% |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 4.8% | ||
| Q3 25 | 4.1% | 7.7% | ||
| Q2 25 | 1.7% | 11.0% | ||
| Q1 25 | 1.4% | 4.0% | ||
| Q4 24 | 5.5% | 1.4% | ||
| Q3 24 | 0.8% | 2.3% | ||
| Q2 24 | 1.9% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.50× | ||
| Q3 25 | 1.09× | 1.63× | ||
| Q2 25 | 1.04× | -1.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | 1.88× | — | ||
| Q2 24 | 1.04× | 3.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BUSE
| Net Interest Income | $154.0M | 78% |
| Noninterest Income | $42.3M | 22% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
