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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $148.3M, roughly 1.7× Shoals Technologies Group, Inc.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 5.5%, a 22.5% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 0.9%). Shoals Technologies Group, Inc. produced more free cash flow last quarter ($-11.3M vs $-14.7M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 10.7%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
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.
DOUG vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $148.3M |
| Net Profit | $68.6M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | 27.3% | 11.7% |
| Net Margin | 27.9% | 5.5% |
| Revenue YoY | 0.9% | 38.6% |
| Net Profit YoY | 1243.4% | 3.9% |
| EPS (diluted) | $0.80 | $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 | $245.4M | $148.3M | ||
| Q3 25 | $262.8M | $135.8M | ||
| Q2 25 | $271.4M | $110.8M | ||
| Q1 25 | $253.4M | $80.4M | ||
| Q4 24 | $243.3M | $107.0M | ||
| Q3 24 | $266.3M | $102.2M | ||
| Q2 24 | $285.8M | $99.2M | ||
| Q1 24 | $200.2M | $90.8M |
| Q4 25 | $68.6M | $8.1M | ||
| Q3 25 | $-24.7M | $11.9M | ||
| Q2 25 | $-22.7M | $13.9M | ||
| Q1 25 | $-6.0M | $-282.0K | ||
| Q4 24 | $-6.0M | $7.8M | ||
| Q3 24 | $-27.2M | $-267.0K | ||
| Q2 24 | $-1.7M | $11.8M | ||
| Q1 24 | $-41.5M | $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 | 27.3% | 11.7% | ||
| Q3 25 | -4.1% | 13.7% | ||
| Q2 25 | -2.0% | 14.4% | ||
| Q1 25 | -2.1% | 5.4% | ||
| Q4 24 | -6.7% | 15.4% | ||
| Q3 24 | -2.8% | 4.4% | ||
| Q2 24 | -1.3% | 18.7% | ||
| Q1 24 | -20.7% | 12.8% |
| Q4 25 | 27.9% | 5.5% | ||
| Q3 25 | -9.4% | 8.7% | ||
| Q2 25 | -8.4% | 12.5% | ||
| Q1 25 | -2.4% | -0.4% | ||
| Q4 24 | -2.5% | 7.3% | ||
| Q3 24 | -10.2% | -0.3% | ||
| Q2 24 | -0.6% | 11.9% | ||
| Q1 24 | -20.7% | 5.3% |
| Q4 25 | $0.80 | $0.05 | ||
| Q3 25 | $-0.29 | $0.07 | ||
| Q2 25 | $-0.27 | $0.08 | ||
| Q1 25 | $-0.07 | $0.00 | ||
| Q4 24 | $-0.06 | $0.04 | ||
| Q3 24 | $-0.33 | $0.00 | ||
| Q2 24 | $-0.02 | $0.07 | ||
| Q1 24 | $-0.50 | $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 | $115.5M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $183.9M | $600.0M |
| Total Assets | $444.4M | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | $7.3M | ||
| Q3 25 | $143.0M | $8.6M | ||
| Q2 25 | $136.3M | $4.7M | ||
| Q1 25 | $136.8M | $35.6M | ||
| Q4 24 | $145.5M | $23.5M | ||
| Q3 24 | $151.4M | $11.1M | ||
| Q2 24 | $92.9M | $3.2M | ||
| Q1 24 | $91.5M | $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 | $183.9M | $600.0M | ||
| Q3 25 | $115.1M | $589.6M | ||
| Q2 25 | $137.6M | $575.4M | ||
| Q1 25 | $158.2M | $558.9M | ||
| Q4 24 | $162.2M | $556.8M | ||
| Q3 24 | $173.6M | $545.2M | ||
| Q2 24 | $196.9M | $544.6M | ||
| Q1 24 | $195.1M | $554.0M |
| Q4 25 | $444.4M | $904.1M | ||
| Q3 25 | $480.6M | $851.8M | ||
| Q2 25 | $489.0M | $795.0M | ||
| Q1 25 | $493.9M | $788.4M | ||
| Q4 24 | $493.9M | $793.1M | ||
| Q3 24 | $502.7M | $801.3M | ||
| Q2 24 | $463.9M | $788.4M | ||
| Q1 24 | $461.1M | $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 | $-14.4M | $-4.1M |
| Free Cash FlowOCF − Capex | $-14.7M | $-11.3M |
| FCF MarginFCF / Revenue | -6.0% | -7.6% |
| Capex IntensityCapex / Revenue | 0.1% | 4.8% |
| Cash ConversionOCF / Net Profit | -0.21× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $-4.1M | ||
| Q3 25 | $5.5M | $19.4M | ||
| Q2 25 | $642.0K | $-13.8M | ||
| Q1 25 | $-5.6M | $15.6M | ||
| Q4 24 | $-9.0M | $14.0M | ||
| Q3 24 | $9.0M | $15.7M | ||
| Q2 24 | $1.3M | $37.8M | ||
| Q1 24 | $-27.3M | $12.9M |
| Q4 25 | $-14.7M | $-11.3M | ||
| Q3 25 | $4.7M | $9.0M | ||
| Q2 25 | $-575.0K | $-26.0M | ||
| Q1 25 | $-6.7M | $12.3M | ||
| Q4 24 | $-10.2M | $12.5M | ||
| Q3 24 | $7.7M | $13.3M | ||
| Q2 24 | $432.0K | $35.8M | ||
| Q1 24 | $-29.4M | $10.4M |
| Q4 25 | -6.0% | -7.6% | ||
| Q3 25 | 1.8% | 6.6% | ||
| Q2 25 | -0.2% | -23.5% | ||
| Q1 25 | -2.6% | 15.4% | ||
| Q4 24 | -4.2% | 11.6% | ||
| Q3 24 | 2.9% | 13.0% | ||
| Q2 24 | 0.2% | 36.1% | ||
| Q1 24 | -14.7% | 11.4% |
| Q4 25 | 0.1% | 4.8% | ||
| Q3 25 | 0.3% | 7.7% | ||
| Q2 25 | 0.4% | 11.0% | ||
| Q1 25 | 0.4% | 4.0% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 0.5% | 2.3% | ||
| Q2 24 | 0.3% | 2.0% | ||
| Q1 24 | 1.0% | 2.7% |
| Q4 25 | -0.21× | -0.50× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | -1.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.21× | ||
| Q1 24 | — | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
