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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) 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 $133.7M, roughly 1.1× FIRST COMMONWEALTH FINANCIAL CORP). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs 5.5%, a 22.6% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 13.0%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 5.5%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs SHLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $148.3M |
| Net Profit | $37.5M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | 28.1% | 5.5% |
| Revenue YoY | 13.0% | 38.6% |
| Net Profit YoY | 14.8% | 3.9% |
| EPS (diluted) | $0.37 | $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.
| Q1 26 | $133.7M | — | ||
| Q4 25 | $137.9M | $148.3M | ||
| Q3 25 | $136.0M | $135.8M | ||
| Q2 25 | $131.0M | $110.8M | ||
| Q1 25 | $118.0M | $80.4M | ||
| Q4 24 | $120.4M | $107.0M | ||
| Q3 24 | $121.2M | $102.2M | ||
| Q2 24 | $120.2M | $99.2M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $8.1M | ||
| Q3 25 | $41.3M | $11.9M | ||
| Q2 25 | $33.4M | $13.9M | ||
| Q1 25 | $32.7M | $-282.0K | ||
| Q4 24 | $35.8M | $7.8M | ||
| Q3 24 | $32.1M | $-267.0K | ||
| Q2 24 | $37.1M | $11.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 40.9% | 11.7% | ||
| Q3 25 | 38.1% | 13.7% | ||
| Q2 25 | 32.1% | 14.4% | ||
| Q1 25 | 34.8% | 5.4% | ||
| Q4 24 | 37.1% | 15.4% | ||
| Q3 24 | 33.4% | 4.4% | ||
| Q2 24 | 38.7% | 18.7% |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | 5.5% | ||
| Q3 25 | 30.4% | 8.7% | ||
| Q2 25 | 25.5% | 12.5% | ||
| Q1 25 | 27.7% | -0.4% | ||
| Q4 24 | 29.8% | 7.3% | ||
| Q3 24 | 26.5% | -0.3% | ||
| Q2 24 | 30.9% | 11.9% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $0.05 | ||
| Q3 25 | $0.39 | $0.07 | ||
| Q2 25 | $0.32 | $0.08 | ||
| Q1 25 | $0.32 | $0.00 | ||
| Q4 24 | $0.35 | $0.04 | ||
| Q3 24 | $0.31 | $0.00 | ||
| Q2 24 | $0.36 | $0.07 |
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 | $154.9M | — |
| Stockholders' EquityBook value | $1.6B | $600.0M |
| Total Assets | $12.3B | $904.1M |
| Debt / EquityLower = less leverage | 0.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | $154.9M | — | ||
| Q4 25 | $261.7M | — | ||
| Q3 25 | $262.1M | — | ||
| Q2 25 | $262.4M | — | ||
| Q1 25 | $262.7M | $141.8M | ||
| Q4 24 | $263.0M | $141.8M | ||
| Q3 24 | $136.3M | $141.8M | ||
| Q2 24 | $136.6M | $146.8M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $600.0M | ||
| Q3 25 | $1.5B | $589.6M | ||
| Q2 25 | $1.5B | $575.4M | ||
| Q1 25 | $1.4B | $558.9M | ||
| Q4 24 | $1.4B | $556.8M | ||
| Q3 24 | $1.4B | $545.2M | ||
| Q2 24 | $1.4B | $544.6M |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $904.1M | ||
| Q3 25 | $12.3B | $851.8M | ||
| Q2 25 | $12.2B | $795.0M | ||
| Q1 25 | $11.8B | $788.4M | ||
| Q4 24 | $11.6B | $793.1M | ||
| Q3 24 | $12.0B | $801.3M | ||
| Q2 24 | $11.6B | $788.4M |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.18× | 0.25× | ||
| Q4 24 | 0.19× | 0.25× | ||
| Q3 24 | 0.10× | 0.26× | ||
| Q2 24 | 0.10× | 0.27× |
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 | — | $-4.1M |
| Free Cash FlowOCF − Capex | — | $-11.3M |
| FCF MarginFCF / Revenue | — | -7.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $187.5M | $-4.1M | ||
| Q3 25 | $49.5M | $19.4M | ||
| Q2 25 | $30.4M | $-13.8M | ||
| Q1 25 | $55.9M | $15.6M | ||
| Q4 24 | $129.5M | $14.0M | ||
| Q3 24 | $53.6M | $15.7M | ||
| Q2 24 | $22.7M | $37.8M |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | $-11.3M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $-26.0M | ||
| Q1 25 | — | $12.3M | ||
| Q4 24 | $113.9M | $12.5M | ||
| Q3 24 | — | $13.3M | ||
| Q2 24 | — | $35.8M |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | -7.6% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | -23.5% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | 94.6% | 11.6% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 36.1% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 4.8% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | 12.9% | 1.4% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | -0.50× | ||
| Q3 25 | 1.20× | 1.63× | ||
| Q2 25 | 0.91× | -1.00× | ||
| Q1 25 | 1.71× | — | ||
| Q4 24 | 3.61× | 1.79× | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 0.61× | 3.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
