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Side-by-side financial comparison of Douglas Emmett Inc (DEI) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
Douglas Emmett Inc is the larger business by last-quarter revenue ($249.4M vs $148.3M, roughly 1.7× Shoals Technologies Group, Inc.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs -2.7%, a 8.2% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 1.8%). Douglas Emmett Inc produced more free cash flow last quarter ($194.5M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 0.9%).
Douglas Emmett Inc is a leading real estate investment trust (REIT) that owns, operates, and acquires high-quality office and multifamily residential properties. Its core operation areas are high-barrier-to-entry markets including Los Angeles in California and Honolulu in Hawaii, serving premium commercial and residential tenant segments.
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.
DEI vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $249.4M | $148.3M |
| Net Profit | $-6.8M | $8.1M |
| Gross Margin | 62.2% | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | -2.7% | 5.5% |
| Revenue YoY | 1.8% | 38.6% |
| Net Profit YoY | -670.7% | 3.9% |
| EPS (diluted) | $-0.04 | $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 | $249.4M | $148.3M | ||
| Q3 25 | $250.6M | $135.8M | ||
| Q2 25 | $252.4M | $110.8M | ||
| Q1 25 | $251.5M | $80.4M | ||
| Q4 24 | $245.0M | $107.0M | ||
| Q3 24 | $250.8M | $102.2M | ||
| Q2 24 | $245.8M | $99.2M | ||
| Q1 24 | $245.0M | $90.8M |
| Q4 25 | $-6.8M | $8.1M | ||
| Q3 25 | $-10.9M | $11.9M | ||
| Q2 25 | $-5.8M | $13.9M | ||
| Q1 25 | $39.8M | $-282.0K | ||
| Q4 24 | $-888.0K | $7.8M | ||
| Q3 24 | $4.6M | $-267.0K | ||
| Q2 24 | $10.9M | $11.8M | ||
| Q1 24 | $8.9M | $4.8M |
| Q4 25 | 62.2% | 31.6% | ||
| Q3 25 | 63.6% | 37.0% | ||
| Q2 25 | 63.2% | 37.2% | ||
| Q1 25 | 64.4% | 35.0% | ||
| Q4 24 | 63.5% | 37.6% | ||
| Q3 24 | 62.2% | 24.8% | ||
| Q2 24 | 66.2% | 40.3% | ||
| Q1 24 | 66.1% | 40.2% |
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 14.4% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 18.7% | ||
| Q1 24 | — | 12.8% |
| Q4 25 | -2.7% | 5.5% | ||
| Q3 25 | -4.3% | 8.7% | ||
| Q2 25 | -2.3% | 12.5% | ||
| Q1 25 | 15.8% | -0.4% | ||
| Q4 24 | -0.4% | 7.3% | ||
| Q3 24 | 1.8% | -0.3% | ||
| Q2 24 | 4.4% | 11.9% | ||
| Q1 24 | 3.6% | 5.3% |
| Q4 25 | $-0.04 | $0.05 | ||
| Q3 25 | $-0.07 | $0.07 | ||
| Q2 25 | $-0.04 | $0.08 | ||
| Q1 25 | $0.24 | $0.00 | ||
| Q4 24 | $-0.01 | $0.04 | ||
| Q3 24 | $0.03 | $0.00 | ||
| Q2 24 | $0.06 | $0.07 | ||
| Q1 24 | $0.05 | $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 | $340.8M | $7.3M |
| Total DebtLower is stronger | $5.5B | — |
| Stockholders' EquityBook value | $1.9B | $600.0M |
| Total Assets | $9.3B | $904.1M |
| Debt / EquityLower = less leverage | 2.91× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $340.8M | $7.3M | ||
| Q3 25 | $408.5M | $8.6M | ||
| Q2 25 | $426.9M | $4.7M | ||
| Q1 25 | $525.7M | $35.6M | ||
| Q4 24 | $444.6M | $23.5M | ||
| Q3 24 | $544.2M | $11.1M | ||
| Q2 24 | $561.1M | $3.2M | ||
| Q1 24 | $556.7M | $15.2M |
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.6B | $141.8M | ||
| Q4 24 | $5.5B | $141.8M | ||
| Q3 24 | $5.5B | $141.8M | ||
| Q2 24 | $5.5B | $146.8M | ||
| Q1 24 | $5.5B | $168.8M |
| Q4 25 | $1.9B | $600.0M | ||
| Q3 25 | $1.9B | $589.6M | ||
| Q2 25 | $2.0B | $575.4M | ||
| Q1 25 | $2.0B | $558.9M | ||
| Q4 24 | $2.1B | $556.8M | ||
| Q3 24 | $2.1B | $545.2M | ||
| Q2 24 | $2.2B | $544.6M | ||
| Q1 24 | $2.2B | $554.0M |
| Q4 25 | $9.3B | $904.1M | ||
| Q3 25 | $9.4B | $851.8M | ||
| Q2 25 | $9.4B | $795.0M | ||
| Q1 25 | $9.6B | $788.4M | ||
| Q4 24 | $9.4B | $793.1M | ||
| Q3 24 | $9.5B | $801.3M | ||
| Q2 24 | $9.6B | $788.4M | ||
| Q1 24 | $9.6B | $825.3M |
| Q4 25 | 2.91× | — | ||
| Q3 25 | 2.85× | — | ||
| Q2 25 | 2.78× | — | ||
| Q1 25 | 2.75× | 0.25× | ||
| Q4 24 | 2.67× | 0.25× | ||
| Q3 24 | 2.64× | 0.26× | ||
| Q2 24 | 2.56× | 0.27× | ||
| Q1 24 | 2.52× | 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 | $386.9M | $-4.1M |
| Free Cash FlowOCF − Capex | $194.5M | $-11.3M |
| FCF MarginFCF / Revenue | 78.0% | -7.6% |
| Capex IntensityCapex / Revenue | 77.1% | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $376.9M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $386.9M | $-4.1M | ||
| Q3 25 | $109.8M | $19.4M | ||
| Q2 25 | $81.3M | $-13.8M | ||
| Q1 25 | $132.6M | $15.6M | ||
| Q4 24 | $408.7M | $14.0M | ||
| Q3 24 | $103.7M | $15.7M | ||
| Q2 24 | $91.9M | $37.8M | ||
| Q1 24 | $139.0M | $12.9M |
| Q4 25 | $194.5M | $-11.3M | ||
| Q3 25 | $61.9M | $9.0M | ||
| Q2 25 | $30.2M | $-26.0M | ||
| Q1 25 | $90.3M | $12.3M | ||
| Q4 24 | $241.4M | $12.5M | ||
| Q3 24 | $63.2M | $13.3M | ||
| Q2 24 | $52.2M | $35.8M | ||
| Q1 24 | $90.9M | $10.4M |
| Q4 25 | 78.0% | -7.6% | ||
| Q3 25 | 24.7% | 6.6% | ||
| Q2 25 | 11.9% | -23.5% | ||
| Q1 25 | 35.9% | 15.4% | ||
| Q4 24 | 98.5% | 11.6% | ||
| Q3 24 | 25.2% | 13.0% | ||
| Q2 24 | 21.2% | 36.1% | ||
| Q1 24 | 37.1% | 11.4% |
| Q4 25 | 77.1% | 4.8% | ||
| Q3 25 | 19.1% | 7.7% | ||
| Q2 25 | 20.3% | 11.0% | ||
| Q1 25 | 16.8% | 4.0% | ||
| Q4 24 | 68.3% | 1.4% | ||
| Q3 24 | 16.1% | 2.3% | ||
| Q2 24 | 16.1% | 2.0% | ||
| Q1 24 | 19.6% | 2.7% |
| Q4 25 | — | -0.50× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | -1.00× | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | 22.46× | — | ||
| Q2 24 | 8.44× | 3.21× | ||
| Q1 24 | 15.60× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEI
| Rental Revenue And Tenant Recovery Revenue | $169.4M | 68% |
| Multifamily Segment | $49.9M | 20% |
| Parking Revenue And Other Income | $30.2M | 12% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
