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Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) 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 $134.9M, roughly 1.1× CareTrust REIT, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 5.5%, a 77.0% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 38.6%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs 27.8%).
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and 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.
CTRE vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.9M | $148.3M |
| Net Profit | $111.3M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | 82.5% | 5.5% |
| Revenue YoY | 55.1% | 38.6% |
| Net Profit YoY | 113.5% | 3.9% |
| EPS (diluted) | $0.52 | $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 | $134.9M | $148.3M | ||
| Q3 25 | $132.4M | $135.8M | ||
| Q2 25 | $112.5M | $110.8M | ||
| Q1 25 | $96.6M | $80.4M | ||
| Q4 24 | $86.9M | $107.0M | ||
| Q3 24 | $77.4M | $102.2M | ||
| Q2 24 | $68.9M | $99.2M | ||
| Q1 24 | $63.1M | $90.8M |
| Q4 25 | $111.3M | $8.1M | ||
| Q3 25 | $74.9M | $11.9M | ||
| Q2 25 | $68.5M | $13.9M | ||
| Q1 25 | $65.8M | $-282.0K | ||
| Q4 24 | $52.1M | $7.8M | ||
| Q3 24 | $33.4M | $-267.0K | ||
| Q2 24 | $10.8M | $11.8M | ||
| Q1 24 | $28.7M | $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 | — | 11.7% | ||
| Q3 25 | 58.1% | 13.7% | ||
| Q2 25 | 61.3% | 14.4% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | 43.0% | 4.4% | ||
| Q2 24 | 15.1% | 18.7% | ||
| Q1 24 | — | 12.8% |
| Q4 25 | 82.5% | 5.5% | ||
| Q3 25 | 56.6% | 8.7% | ||
| Q2 25 | 60.9% | 12.5% | ||
| Q1 25 | 68.1% | -0.4% | ||
| Q4 24 | 60.0% | 7.3% | ||
| Q3 24 | 43.2% | -0.3% | ||
| Q2 24 | 15.6% | 11.9% | ||
| Q1 24 | 45.6% | 5.3% |
| Q4 25 | $0.52 | $0.05 | ||
| Q3 25 | $0.35 | $0.07 | ||
| Q2 25 | $0.35 | $0.08 | ||
| Q1 25 | $0.35 | $0.00 | ||
| Q4 24 | $0.30 | $0.04 | ||
| Q3 24 | $0.21 | $0.00 | ||
| Q2 24 | $0.07 | $0.07 | ||
| Q1 24 | $0.22 | $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 | $198.0M | $7.3M |
| Total DebtLower is stronger | $894.2M | — |
| Stockholders' EquityBook value | $4.0B | $600.0M |
| Total Assets | $5.1B | $904.1M |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $198.0M | $7.3M | ||
| Q3 25 | $712.5M | $8.6M | ||
| Q2 25 | $306.1M | $4.7M | ||
| Q1 25 | $26.5M | $35.6M | ||
| Q4 24 | $213.8M | $23.5M | ||
| Q3 24 | $377.1M | $11.1M | ||
| Q2 24 | $495.1M | $3.2M | ||
| Q1 24 | $451.2M | $15.2M |
| Q4 25 | $894.2M | — | ||
| Q3 25 | $893.8M | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $822.1M | $141.8M | ||
| Q4 24 | $396.9M | $141.8M | ||
| Q3 24 | $396.7M | $141.8M | ||
| Q2 24 | $671.1M | $146.8M | ||
| Q1 24 | $595.9M | $168.8M |
| Q4 25 | $4.0B | $600.0M | ||
| Q3 25 | $4.0B | $589.6M | ||
| Q2 25 | $3.3B | $575.4M | ||
| Q1 25 | $2.9B | $558.9M | ||
| Q4 24 | $2.9B | $556.8M | ||
| Q3 24 | $2.4B | $545.2M | ||
| Q2 24 | $1.9B | $544.6M | ||
| Q1 24 | $1.7B | $554.0M |
| Q4 25 | $5.1B | $904.1M | ||
| Q3 25 | $5.1B | $851.8M | ||
| Q2 25 | $4.7B | $795.0M | ||
| Q1 25 | $3.9B | $788.4M | ||
| Q4 24 | $3.4B | $793.1M | ||
| Q3 24 | $2.9B | $801.3M | ||
| Q2 24 | $2.7B | $788.4M | ||
| Q1 24 | $2.3B | $825.3M |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.28× | 0.25× | ||
| Q4 24 | 0.14× | 0.25× | ||
| Q3 24 | 0.16× | 0.26× | ||
| Q2 24 | 0.35× | 0.27× | ||
| Q1 24 | 0.36× | 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 | $394.0M | $-4.1M |
| Free Cash FlowOCF − Capex | — | $-11.3M |
| FCF MarginFCF / Revenue | — | -7.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | 3.54× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $394.0M | $-4.1M | ||
| Q3 25 | $100.9M | $19.4M | ||
| Q2 25 | $100.8M | $-13.8M | ||
| Q1 25 | $71.4M | $15.6M | ||
| Q4 24 | $244.3M | $14.0M | ||
| Q3 24 | $67.2M | $15.7M | ||
| Q2 24 | $53.0M | $37.8M | ||
| Q1 24 | $48.8M | $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 | 3.54× | -0.50× | ||
| Q3 25 | 1.35× | 1.63× | ||
| Q2 25 | 1.47× | -1.00× | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 4.68× | 1.79× | ||
| Q3 24 | 2.01× | — | ||
| Q2 24 | 4.92× | 3.21× | ||
| Q1 24 | 1.70× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRE
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
