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Side-by-side financial comparison of InvenTrust Properties Corp. (IVT) 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 $77.4M, roughly 1.8× InvenTrust Properties Corp.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs -0.2%, a 3.7% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (74.9% vs 8.6%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (19.0% CAGR vs 7.6%).

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

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.

IVT vs SHLS — Head-to-Head

Bigger by revenue
SHLS
SHLS
1.8× larger
SHLS
$140.6M
$77.4M
IVT
Growing faster (revenue YoY)
SHLS
SHLS
+66.3% gap
SHLS
74.9%
8.6%
IVT
Higher net margin
IVT
IVT
3.7% more per $
IVT
3.4%
-0.2%
SHLS
Faster 2-yr revenue CAGR
SHLS
SHLS
Annualised
SHLS
19.0%
7.6%
IVT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IVT
IVT
SHLS
SHLS
Revenue
$77.4M
$140.6M
Net Profit
$2.7M
$-297.0K
Gross Margin
29.2%
Operating Margin
-11.0%
5.5%
Net Margin
3.4%
-0.2%
Revenue YoY
8.6%
74.9%
Net Profit YoY
-72.8%
-5.3%
EPS (diluted)
$0.02
$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.

Revenue
IVT
IVT
SHLS
SHLS
Q1 26
$140.6M
Q4 25
$77.4M
$148.3M
Q3 25
$74.5M
$135.8M
Q2 25
$73.6M
$110.8M
Q1 25
$73.8M
$80.4M
Q4 24
$71.2M
$107.0M
Q3 24
$68.5M
$102.2M
Q2 24
$67.4M
$99.2M
Net Profit
IVT
IVT
SHLS
SHLS
Q1 26
$-297.0K
Q4 25
$2.7M
$8.1M
Q3 25
$6.0M
$11.9M
Q2 25
$95.9M
$13.9M
Q1 25
$6.8M
$-282.0K
Q4 24
$9.8M
$7.8M
Q3 24
$-539.0K
$-267.0K
Q2 24
$1.5M
$11.8M
Gross Margin
IVT
IVT
SHLS
SHLS
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%
Operating Margin
IVT
IVT
SHLS
SHLS
Q1 26
5.5%
Q4 25
-11.0%
11.7%
Q3 25
-9.8%
13.7%
Q2 25
14.4%
Q1 25
-10.5%
5.4%
Q4 24
-3.6%
15.4%
Q3 24
-18.7%
4.4%
Q2 24
-13.6%
18.7%
Net Margin
IVT
IVT
SHLS
SHLS
Q1 26
-0.2%
Q4 25
3.4%
5.5%
Q3 25
8.1%
8.7%
Q2 25
130.4%
12.5%
Q1 25
9.2%
-0.4%
Q4 24
13.8%
7.3%
Q3 24
-0.8%
-0.3%
Q2 24
2.2%
11.9%
EPS (diluted)
IVT
IVT
SHLS
SHLS
Q1 26
$0.00
Q4 25
$0.02
$0.05
Q3 25
$0.08
$0.07
Q2 25
$1.23
$0.08
Q1 25
$0.09
$0.00
Q4 24
$0.14
$0.04
Q3 24
$-0.01
$0.00
Q2 24
$0.02
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IVT
IVT
SHLS
SHLS
Cash + ST InvestmentsLiquidity on hand
$1.9M
Total DebtLower is stronger
$825.9M
Stockholders' EquityBook value
$1.8B
$601.6M
Total Assets
$2.8B
$1.0B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVT
IVT
SHLS
SHLS
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
Total Debt
IVT
IVT
SHLS
SHLS
Q1 26
Q4 25
$825.9M
Q3 25
$764.6M
Q2 25
$746.3M
Q1 25
$740.7M
$141.8M
Q4 24
$740.4M
$141.8M
Q3 24
$740.1M
$141.8M
Q2 24
$812.2M
$146.8M
Stockholders' Equity
IVT
IVT
SHLS
SHLS
Q1 26
$601.6M
Q4 25
$1.8B
$600.0M
Q3 25
$1.8B
$589.6M
Q2 25
$1.8B
$575.4M
Q1 25
$1.7B
$558.9M
Q4 24
$1.8B
$556.8M
Q3 24
$1.8B
$545.2M
Q2 24
$1.5B
$544.6M
Total Assets
IVT
IVT
SHLS
SHLS
Q1 26
$1.0B
Q4 25
$2.8B
$904.1M
Q3 25
$2.7B
$851.8M
Q2 25
$2.7B
$795.0M
Q1 25
$2.6B
$788.4M
Q4 24
$2.6B
$793.1M
Q3 24
$2.6B
$801.3M
Q2 24
$2.5B
$788.4M
Debt / Equity
IVT
IVT
SHLS
SHLS
Q1 26
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
Q1 25
0.42×
0.25×
Q4 24
0.42×
0.25×
Q3 24
0.42×
0.26×
Q2 24
0.53×
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
IVT
IVT
SHLS
SHLS
Operating Cash FlowLast quarter
$155.4M
Free Cash FlowOCF − Capex
$110.9M
FCF MarginFCF / Revenue
143.3%
Capex IntensityCapex / Revenue
57.5%
Cash ConversionOCF / Net Profit
58.41×
TTM Free Cash FlowTrailing 4 quarters
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVT
IVT
SHLS
SHLS
Q1 26
Q4 25
$155.4M
$-4.1M
Q3 25
$43.8M
$19.4M
Q2 25
$48.7M
$-13.8M
Q1 25
$20.2M
$15.6M
Q4 24
$136.9M
$14.0M
Q3 24
$38.4M
$15.7M
Q2 24
$46.7M
$37.8M
Free Cash Flow
IVT
IVT
SHLS
SHLS
Q1 26
Q4 25
$110.9M
$-11.3M
Q3 25
$31.4M
$9.0M
Q2 25
$38.0M
$-26.0M
Q1 25
$12.8M
$12.3M
Q4 24
$100.8M
$12.5M
Q3 24
$29.3M
$13.3M
Q2 24
$37.2M
$35.8M
FCF Margin
IVT
IVT
SHLS
SHLS
Q1 26
Q4 25
143.3%
-7.6%
Q3 25
42.2%
6.6%
Q2 25
51.6%
-23.5%
Q1 25
17.4%
15.4%
Q4 24
141.5%
11.6%
Q3 24
42.8%
13.0%
Q2 24
55.2%
36.1%
Capex Intensity
IVT
IVT
SHLS
SHLS
Q1 26
Q4 25
57.5%
4.8%
Q3 25
16.7%
7.7%
Q2 25
14.6%
11.0%
Q1 25
10.0%
4.0%
Q4 24
50.7%
1.4%
Q3 24
13.3%
2.3%
Q2 24
14.0%
2.0%
Cash Conversion
IVT
IVT
SHLS
SHLS
Q1 26
Q4 25
58.41×
-0.50×
Q3 25
7.27×
1.63×
Q2 25
0.51×
-1.00×
Q1 25
2.97×
Q4 24
13.97×
1.79×
Q3 24
Q2 24
31.15×
3.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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