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Side-by-side financial comparison of FIRST BANCORP (FBNC) 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 $89.6M, roughly 1.7× FIRST BANCORP). FIRST BANCORP runs the higher net margin — 22.7% vs 5.5%, a 17.2% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs -7.3%). FIRST BANCORP produced more free cash flow last quarter ($48.2M vs $-11.3M).
First Bancorp is an American bank holding company headquartered in Southern Pines, North Carolina, that operates as First Bank in North Carolina and South Carolina.
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.
FBNC vs SHLS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.6M | $148.3M |
| Net Profit | $20.4M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | 29.0% | 11.7% |
| Net Margin | 22.7% | 5.5% |
| Revenue YoY | -7.3% | 38.6% |
| Net Profit YoY | 9.0% | 3.9% |
| EPS (diluted) | $0.49 | $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 | — | $148.3M | ||
| Q3 25 | $89.6M | $135.8M | ||
| Q2 25 | $111.0M | $110.8M | ||
| Q1 25 | $105.8M | $80.4M | ||
| Q4 24 | — | $107.0M | ||
| Q3 24 | $96.6M | $102.2M | ||
| Q2 24 | $95.7M | $99.2M | ||
| Q1 24 | $92.2M | $90.8M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $20.4M | $11.9M | ||
| Q2 25 | $38.6M | $13.9M | ||
| Q1 25 | $36.4M | $-282.0K | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | $18.7M | $-267.0K | ||
| Q2 24 | $28.7M | $11.8M | ||
| Q1 24 | $25.3M | $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 | 29.0% | 13.7% | ||
| Q2 25 | 44.9% | 14.4% | ||
| Q1 25 | 44.2% | 5.4% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | 23.4% | 4.4% | ||
| Q2 24 | 38.5% | 18.7% | ||
| Q1 24 | 34.5% | 12.8% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | 22.7% | 8.7% | ||
| Q2 25 | 34.7% | 12.5% | ||
| Q1 25 | 34.4% | -0.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 19.3% | -0.3% | ||
| Q2 24 | 30.0% | 11.9% | ||
| Q1 24 | 27.4% | 5.3% |
| Q4 25 | — | $0.05 | ||
| Q3 25 | $0.49 | $0.07 | ||
| Q2 25 | $0.93 | $0.08 | ||
| Q1 25 | $0.88 | $0.00 | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | $0.45 | $0.00 | ||
| Q2 24 | $0.70 | $0.07 | ||
| Q1 24 | $0.61 | $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 | $92.4M | — |
| Stockholders' EquityBook value | $1.6B | $600.0M |
| Total Assets | $12.8B | $904.1M |
| Debt / EquityLower = less leverage | 0.06× | — |
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 | $92.4M | — | ||
| Q2 25 | $92.2M | — | ||
| Q1 25 | $92.1M | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | $91.7M | $141.8M | ||
| Q2 24 | $91.5M | $146.8M | ||
| Q1 24 | $332.3M | $168.8M |
| Q4 25 | — | $600.0M | ||
| Q3 25 | $1.6B | $589.6M | ||
| Q2 25 | $1.6B | $575.4M | ||
| Q1 25 | $1.5B | $558.9M | ||
| Q4 24 | — | $556.8M | ||
| Q3 24 | $1.5B | $545.2M | ||
| Q2 24 | $1.4B | $544.6M | ||
| Q1 24 | $1.4B | $554.0M |
| Q4 25 | — | $904.1M | ||
| Q3 25 | $12.8B | $851.8M | ||
| Q2 25 | $12.6B | $795.0M | ||
| Q1 25 | $12.4B | $788.4M | ||
| Q4 24 | — | $793.1M | ||
| Q3 24 | $12.2B | $801.3M | ||
| Q2 24 | $12.1B | $788.4M | ||
| Q1 24 | $12.1B | $825.3M |
| Q4 25 | — | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | 0.06× | 0.26× | ||
| Q2 24 | 0.07× | 0.27× | ||
| Q1 24 | 0.24× | 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 | $49.7M | $-4.1M |
| Free Cash FlowOCF − Capex | $48.2M | $-11.3M |
| FCF MarginFCF / Revenue | 53.8% | -7.6% |
| Capex IntensityCapex / Revenue | 1.6% | 4.8% |
| Cash ConversionOCF / Net Profit | 2.44× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $182.9M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-4.1M | ||
| Q3 25 | $49.7M | $19.4M | ||
| Q2 25 | $45.7M | $-13.8M | ||
| Q1 25 | $52.6M | $15.6M | ||
| Q4 24 | — | $14.0M | ||
| Q3 24 | $38.4M | $15.7M | ||
| Q2 24 | $87.7M | $37.8M | ||
| Q1 24 | $-20.1M | $12.9M |
| Q4 25 | — | $-11.3M | ||
| Q3 25 | $48.2M | $9.0M | ||
| Q2 25 | $44.3M | $-26.0M | ||
| Q1 25 | $52.4M | $12.3M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $38.0M | $13.3M | ||
| Q2 24 | $87.6M | $35.8M | ||
| Q1 24 | $-21.7M | $10.4M |
| Q4 25 | — | -7.6% | ||
| Q3 25 | 53.8% | 6.6% | ||
| Q2 25 | 39.9% | -23.5% | ||
| Q1 25 | 49.5% | 15.4% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | 39.3% | 13.0% | ||
| Q2 24 | 91.6% | 36.1% | ||
| Q1 24 | -23.6% | 11.4% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 1.6% | 7.7% | ||
| Q2 25 | 1.2% | 11.0% | ||
| Q1 25 | 0.2% | 4.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 0.5% | 2.3% | ||
| Q2 24 | 0.1% | 2.0% | ||
| Q1 24 | 1.8% | 2.7% |
| Q4 25 | — | -0.50× | ||
| Q3 25 | 2.44× | 1.63× | ||
| Q2 25 | 1.19× | -1.00× | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 3.06× | 3.21× | ||
| Q1 24 | -0.80× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBNC
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
