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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) 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 $110.0M, roughly 1.3× FIRSTSUN CAPITAL BANCORP). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs 5.5%, a 14.2% gap on every dollar of revenue. Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 6.9%).
FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.
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.
FSUN vs SHLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.0M | $148.3M |
| Net Profit | $21.6M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | 19.6% | 5.5% |
| Revenue YoY | — | 38.6% |
| Net Profit YoY | -8.4% | 3.9% |
| EPS (diluted) | $0.76 | $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 | $110.0M | — | ||
| Q4 25 | $110.2M | $148.3M | ||
| Q3 25 | $107.3M | $135.8M | ||
| Q2 25 | $105.6M | $110.8M | ||
| Q1 25 | $96.2M | $80.4M | ||
| Q4 24 | $98.7M | $107.0M | ||
| Q3 24 | $98.2M | $102.2M | ||
| Q2 24 | $96.2M | $99.2M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.8M | $8.1M | ||
| Q3 25 | $23.2M | $11.9M | ||
| Q2 25 | $26.4M | $13.9M | ||
| Q1 25 | $23.6M | $-282.0K | ||
| Q4 24 | $16.4M | $7.8M | ||
| Q3 24 | $22.4M | $-267.0K | ||
| Q2 24 | $24.6M | $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 | 29.0% | 11.7% | ||
| Q3 25 | 26.4% | 13.7% | ||
| Q2 25 | 31.2% | 14.4% | ||
| Q1 25 | 30.9% | 5.4% | ||
| Q4 24 | 20.4% | 15.4% | ||
| Q3 24 | 29.1% | 4.4% | ||
| Q2 24 | 32.3% | 18.7% |
| Q1 26 | 19.6% | — | ||
| Q4 25 | 22.5% | 5.5% | ||
| Q3 25 | 21.6% | 8.7% | ||
| Q2 25 | 25.0% | 12.5% | ||
| Q1 25 | 24.5% | -0.4% | ||
| Q4 24 | 16.6% | 7.3% | ||
| Q3 24 | 22.8% | -0.3% | ||
| Q2 24 | 25.5% | 11.9% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $0.89 | $0.05 | ||
| Q3 25 | $0.82 | $0.07 | ||
| Q2 25 | $0.93 | $0.08 | ||
| Q1 25 | $0.83 | $0.00 | ||
| Q4 24 | $0.57 | $0.04 | ||
| Q3 24 | $0.79 | $0.00 | ||
| Q2 24 | $0.88 | $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 | $413.7M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $600.0M |
| Total Assets | $8.6B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $413.7M | — | ||
| Q4 25 | $652.6M | $7.3M | ||
| Q3 25 | $659.9M | $8.6M | ||
| Q2 25 | $785.1M | $4.7M | ||
| Q1 25 | $621.4M | $35.6M | ||
| Q4 24 | $615.9M | $23.5M | ||
| Q3 24 | $573.7M | $11.1M | ||
| Q2 24 | $535.8M | $3.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $600.0M | ||
| Q3 25 | $1.1B | $589.6M | ||
| Q2 25 | $1.1B | $575.4M | ||
| Q1 25 | $1.1B | $558.9M | ||
| Q4 24 | $1.0B | $556.8M | ||
| Q3 24 | $1.0B | $545.2M | ||
| Q2 24 | $996.6M | $544.6M |
| Q1 26 | $8.6B | — | ||
| Q4 25 | $8.5B | $904.1M | ||
| Q3 25 | $8.5B | $851.8M | ||
| Q2 25 | $8.4B | $795.0M | ||
| Q1 25 | $8.2B | $788.4M | ||
| Q4 24 | $8.1B | $793.1M | ||
| Q3 24 | $8.1B | $801.3M | ||
| Q2 24 | $8.0B | $788.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 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 | $111.5M | $-4.1M | ||
| Q3 25 | $49.4M | $19.4M | ||
| Q2 25 | $15.0M | $-13.8M | ||
| Q1 25 | $26.4M | $15.6M | ||
| Q4 24 | $101.1M | $14.0M | ||
| Q3 24 | $48.1M | $15.7M | ||
| Q2 24 | $20.9M | $37.8M |
| Q1 26 | — | — | ||
| Q4 25 | $104.0M | $-11.3M | ||
| Q3 25 | $47.6M | $9.0M | ||
| Q2 25 | $13.0M | $-26.0M | ||
| Q1 25 | $24.3M | $12.3M | ||
| Q4 24 | $95.7M | $12.5M | ||
| Q3 24 | $47.1M | $13.3M | ||
| Q2 24 | $19.9M | $35.8M |
| Q1 26 | — | — | ||
| Q4 25 | 94.3% | -7.6% | ||
| Q3 25 | 44.4% | 6.6% | ||
| Q2 25 | 12.3% | -23.5% | ||
| Q1 25 | 25.3% | 15.4% | ||
| Q4 24 | 97.0% | 11.6% | ||
| Q3 24 | 47.9% | 13.0% | ||
| Q2 24 | 20.6% | 36.1% |
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 4.8% | ||
| Q3 25 | 1.6% | 7.7% | ||
| Q2 25 | 1.9% | 11.0% | ||
| Q1 25 | 2.1% | 4.0% | ||
| Q4 24 | 5.5% | 1.4% | ||
| Q3 24 | 1.1% | 2.3% | ||
| Q2 24 | 1.1% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.49× | -0.50× | ||
| Q3 25 | 2.13× | 1.63× | ||
| Q2 25 | 0.57× | -1.00× | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 6.18× | 1.79× | ||
| Q3 24 | 2.15× | — | ||
| Q2 24 | 0.85× | 3.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
