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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
CRA INTERNATIONAL, INC. is the larger business by last-quarter revenue ($197.0M vs $148.3M, roughly 1.3× Shoals Technologies Group, Inc.). CRA INTERNATIONAL, INC. runs the higher net margin — 6.7% vs 5.5%, a 1.2% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 11.6%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 7.1%).
CRA INTERNATIONAL, INC.CRAIEarnings & Financial Report
CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.
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.
CRAI vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.0M | $148.3M |
| Net Profit | $13.2M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | 10.5% | 11.7% |
| Net Margin | 6.7% | 5.5% |
| Revenue YoY | 11.6% | 38.6% |
| Net Profit YoY | -12.0% | 3.9% |
| EPS (diluted) | $1.99 | $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 | $197.0M | $148.3M | ||
| Q3 25 | $185.9M | $135.8M | ||
| Q2 25 | $186.9M | $110.8M | ||
| Q1 25 | $181.9M | $80.4M | ||
| Q4 24 | $176.4M | $107.0M | ||
| Q3 24 | $167.7M | $102.2M | ||
| Q2 24 | $171.4M | $99.2M | ||
| Q1 24 | $171.8M | $90.8M |
| Q4 25 | $13.2M | $8.1M | ||
| Q3 25 | $11.5M | $11.9M | ||
| Q2 25 | $12.1M | $13.9M | ||
| Q1 25 | $18.0M | $-282.0K | ||
| Q4 24 | $15.0M | $7.8M | ||
| Q3 24 | $11.4M | $-267.0K | ||
| Q2 24 | $6.5M | $11.8M | ||
| Q1 24 | $13.7M | $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 | 10.5% | 11.7% | ||
| Q3 25 | 9.3% | 13.7% | ||
| Q2 25 | 10.6% | 14.4% | ||
| Q1 25 | 14.0% | 5.4% | ||
| Q4 24 | 12.2% | 15.4% | ||
| Q3 24 | 11.0% | 4.4% | ||
| Q2 24 | 6.6% | 18.7% | ||
| Q1 24 | 11.4% | 12.8% |
| Q4 25 | 6.7% | 5.5% | ||
| Q3 25 | 6.2% | 8.7% | ||
| Q2 25 | 6.5% | 12.5% | ||
| Q1 25 | 9.9% | -0.4% | ||
| Q4 24 | 8.5% | 7.3% | ||
| Q3 24 | 6.8% | -0.3% | ||
| Q2 24 | 3.8% | 11.9% | ||
| Q1 24 | 8.0% | 5.3% |
| Q4 25 | $1.99 | $0.05 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.08 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $0.07 | ||
| Q1 24 | — | $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 | $18.2M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $213.6M | $600.0M |
| Total Assets | $628.9M | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $7.3M | ||
| Q3 25 | $22.5M | $8.6M | ||
| Q2 25 | $19.4M | $4.7M | ||
| Q1 25 | $25.6M | $35.6M | ||
| Q4 24 | $26.7M | $23.5M | ||
| Q3 24 | $24.5M | $11.1M | ||
| Q2 24 | $24.6M | $3.2M | ||
| Q1 24 | $37.1M | $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 | $213.6M | $600.0M | ||
| Q3 25 | $201.7M | $589.6M | ||
| Q2 25 | $197.0M | $575.4M | ||
| Q1 25 | $227.3M | $558.9M | ||
| Q4 24 | $212.1M | $556.8M | ||
| Q3 24 | $204.5M | $545.2M | ||
| Q2 24 | $191.7M | $544.6M | ||
| Q1 24 | $211.8M | $554.0M |
| Q4 25 | $628.9M | $904.1M | ||
| Q3 25 | $629.0M | $851.8M | ||
| Q2 25 | $606.8M | $795.0M | ||
| Q1 25 | $590.4M | $788.4M | ||
| Q4 24 | $571.4M | $793.1M | ||
| Q3 24 | $582.3M | $801.3M | ||
| Q2 24 | $546.0M | $788.4M | ||
| Q1 24 | $552.5M | $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 | $22.4M | $-4.1M |
| Free Cash FlowOCF − Capex | — | $-11.3M |
| FCF MarginFCF / Revenue | — | -7.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | 1.70× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $-4.1M | ||
| Q3 25 | $36.5M | $19.4M | ||
| Q2 25 | $5.9M | $-13.8M | ||
| Q1 25 | $-80.0M | $15.6M | ||
| Q4 24 | $79.4M | $14.0M | ||
| Q3 24 | $31.6M | $15.7M | ||
| Q2 24 | $1.8M | $37.8M | ||
| Q1 24 | $-63.1M | $12.9M |
| Q4 25 | — | $-11.3M | ||
| Q3 25 | $35.9M | $9.0M | ||
| Q2 25 | $4.7M | $-26.0M | ||
| Q1 25 | $-81.0M | $12.3M | ||
| Q4 24 | $68.8M | $12.5M | ||
| Q3 24 | $28.6M | $13.3M | ||
| Q2 24 | $-509.0K | $35.8M | ||
| Q1 24 | $-63.8M | $10.4M |
| Q4 25 | — | -7.6% | ||
| Q3 25 | 19.3% | 6.6% | ||
| Q2 25 | 2.5% | -23.5% | ||
| Q1 25 | -44.5% | 15.4% | ||
| Q4 24 | 39.0% | 11.6% | ||
| Q3 24 | 17.0% | 13.0% | ||
| Q2 24 | -0.3% | 36.1% | ||
| Q1 24 | -37.1% | 11.4% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 0.3% | 7.7% | ||
| Q2 25 | 0.6% | 11.0% | ||
| Q1 25 | 0.5% | 4.0% | ||
| Q4 24 | 6.0% | 1.4% | ||
| Q3 24 | 1.8% | 2.3% | ||
| Q2 24 | 1.4% | 2.0% | ||
| Q1 24 | 0.4% | 2.7% |
| Q4 25 | 1.70× | -0.50× | ||
| Q3 25 | 3.19× | 1.63× | ||
| Q2 25 | 0.48× | -1.00× | ||
| Q1 25 | -4.44× | — | ||
| Q4 24 | 5.30× | 1.79× | ||
| Q3 24 | 2.76× | — | ||
| Q2 24 | 0.28× | 3.21× | ||
| Q1 24 | -4.61× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRAI
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
