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Side-by-side financial comparison of GoPro, Inc. (GPRO) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
GoPro, Inc. is the larger business by last-quarter revenue ($201.7M vs $148.3M, roughly 1.4× Shoals Technologies Group, Inc.). On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 0.4%). GoPro, Inc. produced more free cash flow last quarter ($15.0M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 13.9%).
GoPro, Inc. is an American technology company founded in 2002 by Nick Woodman. It manufactures action cameras and develops its own mobile apps and video-editing software. Founded as Woodman Labs, Inc, the company is based in San Mateo, California.
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.
GPRO vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $201.7M | $148.3M |
| Net Profit | — | $8.1M |
| Gross Margin | 31.8% | 31.6% |
| Operating Margin | -4.1% | 11.7% |
| Net Margin | — | 5.5% |
| Revenue YoY | 0.4% | 38.6% |
| Net Profit YoY | — | 3.9% |
| EPS (diluted) | $-0.06 | $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 | $201.7M | $148.3M | ||
| Q3 25 | $162.9M | $135.8M | ||
| Q2 25 | $152.6M | $110.8M | ||
| Q1 25 | $134.3M | $80.4M | ||
| Q4 24 | $200.9M | $107.0M | ||
| Q3 24 | $258.9M | $102.2M | ||
| Q2 24 | $186.2M | $99.2M | ||
| Q1 24 | $155.5M | $90.8M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $-21.3M | $11.9M | ||
| Q2 25 | $-16.4M | $13.9M | ||
| Q1 25 | $-46.7M | $-282.0K | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | $-8.2M | $-267.0K | ||
| Q2 24 | $-47.8M | $11.8M | ||
| Q1 24 | $-339.1M | $4.8M |
| Q4 25 | 31.8% | 31.6% | ||
| Q3 25 | 35.1% | 37.0% | ||
| Q2 25 | 35.8% | 37.2% | ||
| Q1 25 | 32.1% | 35.0% | ||
| Q4 24 | 34.7% | 37.6% | ||
| Q3 24 | 35.5% | 24.8% | ||
| Q2 24 | 30.5% | 40.3% | ||
| Q1 24 | 34.1% | 40.2% |
| Q4 25 | -4.1% | 11.7% | ||
| Q3 25 | -9.8% | 13.7% | ||
| Q2 25 | -9.2% | 14.4% | ||
| Q1 25 | -33.7% | 5.4% | ||
| Q4 24 | -19.5% | 15.4% | ||
| Q3 24 | -3.1% | 4.4% | ||
| Q2 24 | -25.0% | 18.7% | ||
| Q1 24 | -26.6% | 12.8% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | -13.0% | 8.7% | ||
| Q2 25 | -10.8% | 12.5% | ||
| Q1 25 | -34.8% | -0.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | -3.2% | -0.3% | ||
| Q2 24 | -25.7% | 11.9% | ||
| Q1 24 | -218.1% | 5.3% |
| Q4 25 | $-0.06 | $0.05 | ||
| Q3 25 | $-0.13 | $0.07 | ||
| Q2 25 | $-0.10 | $0.08 | ||
| Q1 25 | $-0.30 | $0.00 | ||
| Q4 24 | $-0.22 | $0.04 | ||
| Q3 24 | $-0.05 | $0.00 | ||
| Q2 24 | $-0.31 | $0.07 | ||
| Q1 24 | $-2.24 | $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 | $49.7M | $7.3M |
| Total DebtLower is stronger | $44.3M | — |
| Stockholders' EquityBook value | $76.5M | $600.0M |
| Total Assets | $428.0M | $904.1M |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.7M | $7.3M | ||
| Q3 25 | $152.8M | $8.6M | ||
| Q2 25 | $58.6M | $4.7M | ||
| Q1 25 | $69.6M | $35.6M | ||
| Q4 24 | $102.8M | $23.5M | ||
| Q3 24 | $130.2M | $11.1M | ||
| Q2 24 | $133.0M | $3.2M | ||
| Q1 24 | $133.7M | $15.2M |
| Q4 25 | $44.3M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | $0 | $141.8M | ||
| Q3 24 | $93.1M | $141.8M | ||
| Q2 24 | $92.9M | $146.8M | ||
| Q1 24 | $92.7M | $168.8M |
| Q4 25 | $76.5M | $600.0M | ||
| Q3 25 | $80.5M | $589.6M | ||
| Q2 25 | $97.9M | $575.4M | ||
| Q1 25 | $110.0M | $558.9M | ||
| Q4 24 | $151.7M | $556.8M | ||
| Q3 24 | $183.9M | $545.2M | ||
| Q2 24 | $184.7M | $544.6M | ||
| Q1 24 | $224.9M | $554.0M |
| Q4 25 | $428.0M | $904.1M | ||
| Q3 25 | $538.6M | $851.8M | ||
| Q2 25 | $439.0M | $795.0M | ||
| Q1 25 | $462.5M | $788.4M | ||
| Q4 24 | $543.7M | $793.1M | ||
| Q3 24 | $661.6M | $801.3M | ||
| Q2 24 | $556.8M | $788.4M | ||
| Q1 24 | $575.8M | $825.3M |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | 0.00× | 0.25× | ||
| Q3 24 | 0.51× | 0.26× | ||
| Q2 24 | 0.50× | 0.27× | ||
| Q1 24 | 0.41× | 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 | $15.6M | $-4.1M |
| Free Cash FlowOCF − Capex | $15.0M | $-11.3M |
| FCF MarginFCF / Revenue | 7.4% | -7.6% |
| Capex IntensityCapex / Revenue | 0.3% | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-24.0M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $-4.1M | ||
| Q3 25 | $12.2M | $19.4M | ||
| Q2 25 | $8.8M | $-13.8M | ||
| Q1 25 | $-57.2M | $15.6M | ||
| Q4 24 | $-25.1M | $14.0M | ||
| Q3 24 | $-2.2M | $15.7M | ||
| Q2 24 | $605.0K | $37.8M | ||
| Q1 24 | $-98.4M | $12.9M |
| Q4 25 | $15.0M | $-11.3M | ||
| Q3 25 | $11.2M | $9.0M | ||
| Q2 25 | $8.3M | $-26.0M | ||
| Q1 25 | $-58.5M | $12.3M | ||
| Q4 24 | $-25.5M | $12.5M | ||
| Q3 24 | $-4.2M | $13.3M | ||
| Q2 24 | $-111.0K | $35.8M | ||
| Q1 24 | $-99.4M | $10.4M |
| Q4 25 | 7.4% | -7.6% | ||
| Q3 25 | 6.9% | 6.6% | ||
| Q2 25 | 5.4% | -23.5% | ||
| Q1 25 | -43.5% | 15.4% | ||
| Q4 24 | -12.7% | 11.6% | ||
| Q3 24 | -1.6% | 13.0% | ||
| Q2 24 | -0.1% | 36.1% | ||
| Q1 24 | -63.9% | 11.4% |
| Q4 25 | 0.3% | 4.8% | ||
| Q3 25 | 0.6% | 7.7% | ||
| Q2 25 | 0.3% | 11.0% | ||
| Q1 25 | 1.0% | 4.0% | ||
| Q4 24 | 0.2% | 1.4% | ||
| Q3 24 | 0.8% | 2.3% | ||
| Q2 24 | 0.4% | 2.0% | ||
| Q1 24 | 0.6% | 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
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
