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Side-by-side financial comparison of Great Lakes Dredge & Dock CORP (GLDD) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
Great Lakes Dredge & Dock CORP is the larger business by last-quarter revenue ($256.5M vs $148.3M, roughly 1.7× Shoals Technologies Group, Inc.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs 4.9%, a 0.5% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 26.5%). Great Lakes Dredge & Dock CORP produced more free cash flow last quarter ($50.3M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 13.6%).
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, 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.
GLDD vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $256.5M | $148.3M |
| Net Profit | $12.6M | $8.1M |
| Gross Margin | 20.9% | 31.6% |
| Operating Margin | 12.7% | 11.7% |
| Net Margin | 4.9% | 5.5% |
| Revenue YoY | 26.5% | 38.6% |
| Net Profit YoY | -35.9% | 3.9% |
| EPS (diluted) | $0.19 | $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 | $256.5M | $148.3M | ||
| Q3 25 | $195.2M | $135.8M | ||
| Q2 25 | $193.8M | $110.8M | ||
| Q1 25 | $242.9M | $80.4M | ||
| Q4 24 | $202.8M | $107.0M | ||
| Q3 24 | $191.2M | $102.2M | ||
| Q2 24 | $170.1M | $99.2M | ||
| Q1 24 | $198.7M | $90.8M |
| Q4 25 | $12.6M | $8.1M | ||
| Q3 25 | $17.7M | $11.9M | ||
| Q2 25 | $9.7M | $13.9M | ||
| Q1 25 | $33.4M | $-282.0K | ||
| Q4 24 | $19.7M | $7.8M | ||
| Q3 24 | $8.9M | $-267.0K | ||
| Q2 24 | $7.7M | $11.8M | ||
| Q1 24 | $21.0M | $4.8M |
| Q4 25 | 20.9% | 31.6% | ||
| Q3 25 | 22.4% | 37.0% | ||
| Q2 25 | 18.9% | 37.2% | ||
| Q1 25 | 28.6% | 35.0% | ||
| Q4 24 | 24.1% | 37.6% | ||
| Q3 24 | 19.0% | 24.8% | ||
| Q2 24 | 17.5% | 40.3% | ||
| Q1 24 | 22.9% | 40.2% |
| Q4 25 | 12.7% | 11.7% | ||
| Q3 25 | 14.4% | 13.7% | ||
| Q2 25 | 8.8% | 14.4% | ||
| Q1 25 | 20.6% | 5.4% | ||
| Q4 24 | 14.8% | 15.4% | ||
| Q3 24 | 8.7% | 4.4% | ||
| Q2 24 | 8.6% | 18.7% | ||
| Q1 24 | 15.8% | 12.8% |
| Q4 25 | 4.9% | 5.5% | ||
| Q3 25 | 9.1% | 8.7% | ||
| Q2 25 | 5.0% | 12.5% | ||
| Q1 25 | 13.8% | -0.4% | ||
| Q4 24 | 9.7% | 7.3% | ||
| Q3 24 | 4.6% | -0.3% | ||
| Q2 24 | 4.5% | 11.9% | ||
| Q1 24 | 10.6% | 5.3% |
| Q4 25 | $0.19 | $0.05 | ||
| Q3 25 | $0.26 | $0.07 | ||
| Q2 25 | $0.14 | $0.08 | ||
| Q1 25 | $0.49 | $0.00 | ||
| Q4 24 | $0.29 | $0.04 | ||
| Q3 24 | $0.13 | $0.00 | ||
| Q2 24 | $0.11 | $0.07 | ||
| Q1 24 | $0.31 | $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 | $13.4M | $7.3M |
| Total DebtLower is stronger | $378.2M | — |
| Stockholders' EquityBook value | $517.1M | $600.0M |
| Total Assets | $1.3B | $904.1M |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $7.3M | ||
| Q3 25 | $12.7M | $8.6M | ||
| Q2 25 | $2.9M | $4.7M | ||
| Q1 25 | $11.3M | $35.6M | ||
| Q4 24 | $10.2M | $23.5M | ||
| Q3 24 | $12.0M | $11.1M | ||
| Q2 24 | $23.1M | $3.2M | ||
| Q1 24 | $22.8M | $15.2M |
| Q4 25 | $378.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | $448.2M | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $168.8M |
| Q4 25 | $517.1M | $600.0M | ||
| Q3 25 | $502.1M | $589.6M | ||
| Q2 25 | $481.9M | $575.4M | ||
| Q1 25 | $479.9M | $558.9M | ||
| Q4 24 | $448.9M | $556.8M | ||
| Q3 24 | $425.4M | $545.2M | ||
| Q2 24 | $418.0M | $544.6M | ||
| Q1 24 | $409.0M | $554.0M |
| Q4 25 | $1.3B | $904.1M | ||
| Q3 25 | $1.3B | $851.8M | ||
| Q2 25 | $1.2B | $795.0M | ||
| Q1 25 | $1.2B | $788.4M | ||
| Q4 24 | $1.3B | $793.1M | ||
| Q3 24 | $1.1B | $801.3M | ||
| Q2 24 | $1.1B | $788.4M | ||
| Q1 24 | $1.1B | $825.3M |
| Q4 25 | 0.73× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | 1.00× | 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 | $79.7M | $-4.1M |
| Free Cash FlowOCF − Capex | $50.3M | $-11.3M |
| FCF MarginFCF / Revenue | 19.6% | -7.6% |
| Capex IntensityCapex / Revenue | 11.5% | 4.8% |
| Cash ConversionOCF / Net Profit | 6.31× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $99.5M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.7M | $-4.1M | ||
| Q3 25 | $49.2M | $19.4M | ||
| Q2 25 | $56.9M | $-13.8M | ||
| Q1 25 | $60.9M | $15.6M | ||
| Q4 24 | $-13.5M | $14.0M | ||
| Q3 24 | $26.8M | $15.7M | ||
| Q2 24 | $18.4M | $37.8M | ||
| Q1 24 | $38.4M | $12.9M |
| Q4 25 | $50.3M | $-11.3M | ||
| Q3 25 | $13.2M | $9.0M | ||
| Q2 25 | $-3.7M | $-26.0M | ||
| Q1 25 | $39.6M | $12.3M | ||
| Q4 24 | $-36.1M | $12.5M | ||
| Q3 24 | $-11.5M | $13.3M | ||
| Q2 24 | $-34.0M | $35.8M | ||
| Q1 24 | $26.5M | $10.4M |
| Q4 25 | 19.6% | -7.6% | ||
| Q3 25 | 6.8% | 6.6% | ||
| Q2 25 | -1.9% | -23.5% | ||
| Q1 25 | 16.3% | 15.4% | ||
| Q4 24 | -17.8% | 11.6% | ||
| Q3 24 | -6.0% | 13.0% | ||
| Q2 24 | -20.0% | 36.1% | ||
| Q1 24 | 13.4% | 11.4% |
| Q4 25 | 11.5% | 4.8% | ||
| Q3 25 | 18.4% | 7.7% | ||
| Q2 25 | 31.3% | 11.0% | ||
| Q1 25 | 8.7% | 4.0% | ||
| Q4 24 | 11.2% | 1.4% | ||
| Q3 24 | 20.0% | 2.3% | ||
| Q2 24 | 30.8% | 2.0% | ||
| Q1 24 | 6.0% | 2.7% |
| Q4 25 | 6.31× | -0.50× | ||
| Q3 25 | 2.77× | 1.63× | ||
| Q2 25 | 5.87× | -1.00× | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | -0.69× | 1.79× | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 2.39× | 3.21× | ||
| Q1 24 | 1.83× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLDD
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
