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Side-by-side financial comparison of Energy Services of America CORP (ESOA) 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 $114.1M, roughly 1.3× Energy Services of America CORP). On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 13.4%). Energy Services of America CORP produced more free cash flow last quarter ($16.8M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 26.7%).
Superior Energy Services is an American oil services company that operates as a holding company for a portfolio of oilfield equipment rentals and well oil and gas services brands.
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.
ESOA vs SHLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.1M | $148.3M |
| Net Profit | — | $8.1M |
| Gross Margin | 12.3% | 31.6% |
| Operating Margin | 4.3% | 11.7% |
| Net Margin | — | 5.5% |
| Revenue YoY | 13.4% | 38.6% |
| Net Profit YoY | — | 3.9% |
| EPS (diluted) | $0.16 | $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 | $114.1M | $148.3M | ||
| Q3 25 | $130.1M | $135.8M | ||
| Q2 25 | $103.6M | $110.8M | ||
| Q1 25 | $76.7M | $80.4M | ||
| Q4 24 | $100.6M | $107.0M | ||
| Q3 24 | $104.7M | $102.2M | ||
| Q2 24 | $85.9M | $99.2M | ||
| Q1 24 | $71.1M | $90.8M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | — | $11.9M | ||
| Q2 25 | — | $13.9M | ||
| Q1 25 | — | $-282.0K | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | — | $-267.0K | ||
| Q2 24 | — | $11.8M | ||
| Q1 24 | — | $4.8M |
| Q4 25 | 12.3% | 31.6% | ||
| Q3 25 | 12.6% | 37.0% | ||
| Q2 25 | 11.6% | 37.2% | ||
| Q1 25 | 0.1% | 35.0% | ||
| Q4 24 | 10.2% | 37.6% | ||
| Q3 24 | 16.8% | 24.8% | ||
| Q2 24 | 17.8% | 40.3% | ||
| Q1 24 | 8.8% | 40.2% |
| Q4 25 | 4.3% | 11.7% | ||
| Q3 25 | 5.8% | 13.7% | ||
| Q2 25 | 3.1% | 14.4% | ||
| Q1 25 | -10.6% | 5.4% | ||
| Q4 24 | 1.6% | 15.4% | ||
| Q3 24 | 8.4% | 4.4% | ||
| Q2 24 | 9.9% | 18.7% | ||
| Q1 24 | -1.5% | 12.8% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | — | -0.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | -0.3% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | 5.3% |
| Q4 25 | $0.16 | $0.05 | ||
| Q3 25 | $0.26 | $0.07 | ||
| Q2 25 | $0.12 | $0.08 | ||
| Q1 25 | $-0.41 | $0.00 | ||
| Q4 24 | $0.05 | $0.04 | ||
| Q3 24 | $0.40 | $0.00 | ||
| Q2 24 | $1.06 | $0.07 | ||
| Q1 24 | $-0.07 | $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 | $16.7M | $7.3M |
| Total DebtLower is stronger | $62.0M | — |
| Stockholders' EquityBook value | $60.6M | $600.0M |
| Total Assets | $201.0M | $904.1M |
| Debt / EquityLower = less leverage | 1.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.7M | $7.3M | ||
| Q3 25 | $12.2M | $8.6M | ||
| Q2 25 | $15.3M | $4.7M | ||
| Q1 25 | $9.9M | $35.6M | ||
| Q4 24 | $20.3M | $23.5M | ||
| Q3 24 | $12.9M | $11.1M | ||
| Q2 24 | $14.5M | $3.2M | ||
| Q1 24 | $12.1M | $15.2M |
| Q4 25 | $62.0M | — | ||
| Q3 25 | $72.2M | — | ||
| Q2 25 | $59.1M | — | ||
| Q1 25 | $50.7M | $141.8M | ||
| Q4 24 | $59.6M | $141.8M | ||
| Q3 24 | $33.9M | $141.8M | ||
| Q2 24 | $31.9M | $146.8M | ||
| Q1 24 | $45.7M | $168.8M |
| Q4 25 | $60.6M | $600.0M | ||
| Q3 25 | $59.2M | $589.6M | ||
| Q2 25 | $54.4M | $575.4M | ||
| Q1 25 | $53.7M | $558.9M | ||
| Q4 24 | $61.0M | $556.8M | ||
| Q3 24 | $58.7M | $545.2M | ||
| Q2 24 | $52.0M | $544.6M | ||
| Q1 24 | $34.6M | $554.0M |
| Q4 25 | $201.0M | $904.1M | ||
| Q3 25 | $215.2M | $851.8M | ||
| Q2 25 | $189.1M | $795.0M | ||
| Q1 25 | $170.2M | $788.4M | ||
| Q4 24 | $192.1M | $793.1M | ||
| Q3 24 | $158.2M | $801.3M | ||
| Q2 24 | $148.8M | $788.4M | ||
| Q1 24 | $136.1M | $825.3M |
| Q4 25 | 1.02× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.09× | — | ||
| Q1 25 | 0.94× | 0.25× | ||
| Q4 24 | 0.98× | 0.25× | ||
| Q3 24 | 0.58× | 0.26× | ||
| Q2 24 | 0.61× | 0.27× | ||
| Q1 24 | 1.32× | 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 | $18.8M | $-4.1M |
| Free Cash FlowOCF − Capex | $16.8M | $-11.3M |
| FCF MarginFCF / Revenue | 14.7% | -7.6% |
| Capex IntensityCapex / Revenue | 1.8% | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $3.1M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $-4.1M | ||
| Q3 25 | $-9.3M | $19.4M | ||
| Q2 25 | $3.4M | $-13.8M | ||
| Q1 25 | $1.1M | $15.6M | ||
| Q4 24 | $8.9M | $14.0M | ||
| Q3 24 | $-847.5K | $15.7M | ||
| Q2 24 | $19.3M | $37.8M | ||
| Q1 24 | $-2.7M | $12.9M |
| Q4 25 | $16.8M | $-11.3M | ||
| Q3 25 | $-12.0M | $9.0M | ||
| Q2 25 | $-582.0K | $-26.0M | ||
| Q1 25 | $-1.1M | $12.3M | ||
| Q4 24 | $6.0M | $12.5M | ||
| Q3 24 | $-2.9M | $13.3M | ||
| Q2 24 | $16.3M | $35.8M | ||
| Q1 24 | $-4.9M | $10.4M |
| Q4 25 | 14.7% | -7.6% | ||
| Q3 25 | -9.3% | 6.6% | ||
| Q2 25 | -0.6% | -23.5% | ||
| Q1 25 | -1.4% | 15.4% | ||
| Q4 24 | 5.9% | 11.6% | ||
| Q3 24 | -2.8% | 13.0% | ||
| Q2 24 | 18.9% | 36.1% | ||
| Q1 24 | -6.9% | 11.4% |
| Q4 25 | 1.8% | 4.8% | ||
| Q3 25 | 2.1% | 7.7% | ||
| Q2 25 | 3.9% | 11.0% | ||
| Q1 25 | 2.9% | 4.0% | ||
| Q4 24 | 2.9% | 1.4% | ||
| Q3 24 | 2.0% | 2.3% | ||
| Q2 24 | 3.6% | 2.0% | ||
| Q1 24 | 3.1% | 2.7% |
| Q4 25 | — | -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
ESOA
| Electricals Mechanical And General | $49.4M | 43% |
| Gas And Petroleum Transmission | $24.1M | 21% |
| Cost Plus And TM Contracts | $23.3M | 20% |
| Transferred At Point In Time | $17.9M | 16% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
