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Side-by-side financial comparison of HANMI FINANCIAL CORP (HAFC) 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 ($140.6M vs $71.2M, roughly 2.0× HANMI FINANCIAL CORP). HANMI FINANCIAL CORP runs the higher net margin — 29.8% vs -0.2%, a 30.1% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (74.9% vs 17.1%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (19.0% CAGR vs 10.4%).
Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.
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.
HAFC vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $71.2M | $140.6M |
| Net Profit | $21.2M | $-297.0K |
| Gross Margin | — | 29.2% |
| Operating Margin | 29.8% | 5.5% |
| Net Margin | 29.8% | -0.2% |
| Revenue YoY | 17.1% | 74.9% |
| Net Profit YoY | 20.0% | -5.3% |
| EPS (diluted) | $0.70 | $0.00 |
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 | — | $140.6M | ||
| Q4 25 | $71.2M | $148.3M | ||
| Q3 25 | $71.0M | $135.8M | ||
| Q2 25 | $65.2M | $110.8M | ||
| Q1 25 | $62.8M | $80.4M | ||
| Q4 24 | $60.8M | $107.0M | ||
| Q3 24 | $58.5M | $102.2M | ||
| Q2 24 | $56.7M | $99.2M |
| Q1 26 | — | $-297.0K | ||
| Q4 25 | $21.2M | $8.1M | ||
| Q3 25 | $22.1M | $11.9M | ||
| Q2 25 | $15.1M | $13.9M | ||
| Q1 25 | $17.7M | $-282.0K | ||
| Q4 24 | $17.7M | $7.8M | ||
| Q3 24 | $14.9M | $-267.0K | ||
| Q2 24 | $14.5M | $11.8M |
| Q1 26 | — | 29.2% | ||
| 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 | — | 5.5% | ||
| Q4 25 | 29.8% | 11.7% | ||
| Q3 25 | 31.1% | 13.7% | ||
| Q2 25 | 23.2% | 14.4% | ||
| Q1 25 | 28.1% | 5.4% | ||
| Q4 24 | 29.1% | 15.4% | ||
| Q3 24 | 25.5% | 4.4% | ||
| Q2 24 | 25.5% | 18.7% |
| Q1 26 | — | -0.2% | ||
| Q4 25 | 29.8% | 5.5% | ||
| Q3 25 | 31.1% | 8.7% | ||
| Q2 25 | 23.2% | 12.5% | ||
| Q1 25 | 28.1% | -0.4% | ||
| Q4 24 | 29.1% | 7.3% | ||
| Q3 24 | 25.5% | -0.3% | ||
| Q2 24 | 25.5% | 11.9% |
| Q1 26 | — | $0.00 | ||
| Q4 25 | $0.70 | $0.05 | ||
| Q3 25 | $0.73 | $0.07 | ||
| Q2 25 | $0.50 | $0.08 | ||
| Q1 25 | $0.58 | $0.00 | ||
| Q4 24 | $0.58 | $0.04 | ||
| Q3 24 | $0.49 | $0.00 | ||
| Q2 24 | $0.48 | $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 | — | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $796.4M | $601.6M |
| Total Assets | $7.9B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.9M | ||
| 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 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M |
| Q1 26 | — | $601.6M | ||
| Q4 25 | $796.4M | $600.0M | ||
| Q3 25 | $779.5M | $589.6M | ||
| Q2 25 | $762.8M | $575.4M | ||
| Q1 25 | $751.5M | $558.9M | ||
| Q4 24 | $732.2M | $556.8M | ||
| Q3 24 | $736.7M | $545.2M | ||
| Q2 24 | $707.1M | $544.6M |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $7.9B | $904.1M | ||
| Q3 25 | $7.9B | $851.8M | ||
| Q2 25 | $7.9B | $795.0M | ||
| Q1 25 | $7.7B | $788.4M | ||
| Q4 24 | $7.7B | $793.1M | ||
| Q3 24 | $7.7B | $801.3M | ||
| Q2 24 | $7.6B | $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 | $206.0M | — |
| Free Cash FlowOCF − Capex | $203.7M | — |
| FCF MarginFCF / Revenue | 286.2% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | 9.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | $356.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $206.0M | $-4.1M | ||
| Q3 25 | $146.9M | $19.4M | ||
| Q2 25 | $-19.0M | $-13.8M | ||
| Q1 25 | $25.8M | $15.6M | ||
| Q4 24 | $52.6M | $14.0M | ||
| Q3 24 | $6.7M | $15.7M | ||
| Q2 24 | $2.1M | $37.8M |
| Q1 26 | — | — | ||
| Q4 25 | $203.7M | $-11.3M | ||
| Q3 25 | $146.4M | $9.0M | ||
| Q2 25 | $-19.6M | $-26.0M | ||
| Q1 25 | $25.6M | $12.3M | ||
| Q4 24 | $49.9M | $12.5M | ||
| Q3 24 | $6.5M | $13.3M | ||
| Q2 24 | $1.3M | $35.8M |
| Q1 26 | — | — | ||
| Q4 25 | 286.2% | -7.6% | ||
| Q3 25 | 206.3% | 6.6% | ||
| Q2 25 | -30.0% | -23.5% | ||
| Q1 25 | 40.7% | 15.4% | ||
| Q4 24 | 82.1% | 11.6% | ||
| Q3 24 | 11.1% | 13.0% | ||
| Q2 24 | 2.3% | 36.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 4.8% | ||
| Q3 25 | 0.8% | 7.7% | ||
| Q2 25 | 0.9% | 11.0% | ||
| Q1 25 | 0.4% | 4.0% | ||
| Q4 24 | 4.3% | 1.4% | ||
| Q3 24 | 0.4% | 2.3% | ||
| Q2 24 | 1.4% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 9.70× | -0.50× | ||
| Q3 25 | 6.66× | 1.63× | ||
| Q2 25 | -1.26× | -1.00× | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | 2.97× | 1.79× | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | 0.14× | 3.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
