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Side-by-side financial comparison of Citi Trends Inc (CTRN) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
Citi Trends Inc is the larger business by last-quarter revenue ($197.1M vs $148.3M, roughly 1.3× Shoals Technologies Group, Inc.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs -3.5%, a 9.0% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 10.1%). Citi Trends Inc produced more free cash flow last quarter ($767.0K vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs -4.3%).
Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers.
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.
CTRN vs SHLS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.1M | $148.3M |
| Net Profit | $-6.9M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | -3.7% | 11.7% |
| Net Margin | -3.5% | 5.5% |
| Revenue YoY | 10.1% | 38.6% |
| Net Profit YoY | 3.6% | 3.9% |
| EPS (diluted) | $-0.86 | $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 | $197.1M | $148.3M | ||
| Q3 25 | $190.8M | $135.8M | ||
| Q2 25 | $201.7M | $110.8M | ||
| Q1 25 | $211.2M | $80.4M | ||
| Q4 24 | $179.1M | $107.0M | ||
| Q3 24 | $176.6M | $102.2M | ||
| Q2 24 | $186.3M | $99.2M | ||
| Q1 24 | $215.2M | $90.8M |
| Q4 25 | $-6.9M | $8.1M | ||
| Q3 25 | $3.8M | $11.9M | ||
| Q2 25 | $871.0K | $13.9M | ||
| Q1 25 | $-14.2M | $-282.0K | ||
| Q4 24 | $-7.2M | $7.8M | ||
| Q3 24 | $-18.4M | $-267.0K | ||
| Q2 24 | $-3.4M | $11.8M | ||
| Q1 24 | $3.6M | $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 | -3.7% | 11.7% | ||
| Q3 25 | 1.8% | 13.7% | ||
| Q2 25 | 0.2% | 14.4% | ||
| Q1 25 | 0.6% | 5.4% | ||
| Q4 24 | -4.9% | 15.4% | ||
| Q3 24 | -14.1% | 4.4% | ||
| Q2 24 | -3.7% | 18.7% | ||
| Q1 24 | 1.8% | 12.8% |
| Q4 25 | -3.5% | 5.5% | ||
| Q3 25 | 2.0% | 8.7% | ||
| Q2 25 | 0.4% | 12.5% | ||
| Q1 25 | -6.7% | -0.4% | ||
| Q4 24 | -4.0% | 7.3% | ||
| Q3 24 | -10.4% | -0.3% | ||
| Q2 24 | -1.8% | 11.9% | ||
| Q1 24 | 1.7% | 5.3% |
| Q4 25 | $-0.86 | $0.05 | ||
| Q3 25 | $0.46 | $0.07 | ||
| Q2 25 | $0.11 | $0.08 | ||
| Q1 25 | $-1.70 | $0.00 | ||
| Q4 24 | $-0.86 | $0.04 | ||
| Q3 24 | $-2.21 | $0.00 | ||
| Q2 24 | $-0.42 | $0.07 | ||
| Q1 24 | $0.43 | $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 | — | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $107.8M | $600.0M |
| Total Assets | $464.3M | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.3M | ||
| Q3 25 | — | $8.6M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $35.6M | ||
| Q4 24 | — | $23.5M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $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 | $107.8M | $600.0M | ||
| Q3 25 | $113.2M | $589.6M | ||
| Q2 25 | $108.6M | $575.4M | ||
| Q1 25 | $113.2M | $558.9M | ||
| Q4 24 | $130.3M | $556.8M | ||
| Q3 24 | $136.6M | $545.2M | ||
| Q2 24 | $154.8M | $544.6M | ||
| Q1 24 | $157.7M | $554.0M |
| Q4 25 | $464.3M | $904.1M | ||
| Q3 25 | $457.4M | $851.8M | ||
| Q2 25 | $437.4M | $795.0M | ||
| Q1 25 | $462.8M | $788.4M | ||
| Q4 24 | $467.1M | $793.1M | ||
| Q3 24 | $506.7M | $801.3M | ||
| Q2 24 | $484.1M | $788.4M | ||
| Q1 24 | $518.7M | $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 | $8.6M | $-4.1M |
| Free Cash FlowOCF − Capex | $767.0K | $-11.3M |
| FCF MarginFCF / Revenue | 0.4% | -7.6% |
| Capex IntensityCapex / Revenue | 4.0% | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $11.9M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.6M | $-4.1M | ||
| Q3 25 | $3.9M | $19.4M | ||
| Q2 25 | $-11.0M | $-13.8M | ||
| Q1 25 | $28.5M | $15.6M | ||
| Q4 24 | $-18.4M | $14.0M | ||
| Q3 24 | $5.6M | $15.7M | ||
| Q2 24 | $-19.6M | $37.8M | ||
| Q1 24 | $23.3M | $12.9M |
| Q4 25 | $767.0K | $-11.3M | ||
| Q3 25 | $-1.7M | $9.0M | ||
| Q2 25 | $-13.1M | $-26.0M | ||
| Q1 25 | $26.0M | $12.3M | ||
| Q4 24 | $-20.4M | $12.5M | ||
| Q3 24 | $1.7M | $13.3M | ||
| Q2 24 | $-21.2M | $35.8M | ||
| Q1 24 | $20.0M | $10.4M |
| Q4 25 | 0.4% | -7.6% | ||
| Q3 25 | -0.9% | 6.6% | ||
| Q2 25 | -6.5% | -23.5% | ||
| Q1 25 | 12.3% | 15.4% | ||
| Q4 24 | -11.4% | 11.6% | ||
| Q3 24 | 0.9% | 13.0% | ||
| Q2 24 | -11.4% | 36.1% | ||
| Q1 24 | 9.3% | 11.4% |
| Q4 25 | 4.0% | 4.8% | ||
| Q3 25 | 2.9% | 7.7% | ||
| Q2 25 | 1.0% | 11.0% | ||
| Q1 25 | 1.2% | 4.0% | ||
| Q4 24 | 1.1% | 1.4% | ||
| Q3 24 | 2.2% | 2.3% | ||
| Q2 24 | 0.9% | 2.0% | ||
| Q1 24 | 1.5% | 2.7% |
| Q4 25 | — | -0.50× | ||
| Q3 25 | 1.01× | 1.63× | ||
| Q2 25 | -12.59× | -1.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.21× | ||
| Q1 24 | 6.56× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRN
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
