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Side-by-side financial comparison of KILROY REALTY CORP (KRC) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $148.3M, roughly 1.8× Shoals Technologies Group, Inc.). KILROY REALTY CORP runs the higher net margin — 6.3% vs 5.5%, a 0.8% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs -1.2%).
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
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.
KRC vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $272.2M | $148.3M |
| Net Profit | $17.1M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | 6.3% | 5.5% |
| Revenue YoY | -5.0% | 38.6% |
| Net Profit YoY | -73.7% | 3.9% |
| EPS (diluted) | $0.11 | $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 | $272.2M | $148.3M | ||
| Q3 25 | $279.7M | $135.8M | ||
| Q2 25 | $289.9M | $110.8M | ||
| Q1 25 | $270.8M | $80.4M | ||
| Q4 24 | $286.4M | $107.0M | ||
| Q3 24 | $289.9M | $102.2M | ||
| Q2 24 | $280.7M | $99.2M | ||
| Q1 24 | $278.6M | $90.8M |
| Q4 25 | $17.1M | $8.1M | ||
| Q3 25 | $162.3M | $11.9M | ||
| Q2 25 | $79.6M | $13.9M | ||
| Q1 25 | $43.7M | $-282.0K | ||
| Q4 24 | $65.0M | $7.8M | ||
| Q3 24 | $57.7M | $-267.0K | ||
| Q2 24 | $54.5M | $11.8M | ||
| Q1 24 | $55.7M | $4.8M |
| 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 24 | — | 40.2% |
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 14.4% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 18.7% | ||
| Q1 24 | — | 12.8% |
| Q4 25 | 6.3% | 5.5% | ||
| Q3 25 | 58.0% | 8.7% | ||
| Q2 25 | 27.4% | 12.5% | ||
| Q1 25 | 16.1% | -0.4% | ||
| Q4 24 | 22.7% | 7.3% | ||
| Q3 24 | 19.9% | -0.3% | ||
| Q2 24 | 19.4% | 11.9% | ||
| Q1 24 | 20.0% | 5.3% |
| Q4 25 | $0.11 | $0.05 | ||
| Q3 25 | $1.31 | $0.07 | ||
| Q2 25 | $0.57 | $0.08 | ||
| Q1 25 | $0.33 | $0.00 | ||
| Q4 24 | $0.50 | $0.04 | ||
| Q3 24 | $0.44 | $0.00 | ||
| Q2 24 | $0.41 | $0.07 | ||
| Q1 24 | $0.42 | $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 | $179.3M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.4B | $600.0M |
| Total Assets | $10.9B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $179.3M | $7.3M | ||
| Q3 25 | $372.4M | $8.6M | ||
| Q2 25 | $193.1M | $4.7M | ||
| Q1 25 | $146.7M | $35.6M | ||
| Q4 24 | $165.7M | $23.5M | ||
| Q3 24 | $625.4M | $11.1M | ||
| Q2 24 | $835.9M | $3.2M | ||
| Q1 24 | $855.0M | $15.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $168.8M |
| Q4 25 | $5.4B | $600.0M | ||
| Q3 25 | $5.5B | $589.6M | ||
| Q2 25 | $5.4B | $575.4M | ||
| Q1 25 | $5.4B | $558.9M | ||
| Q4 24 | $5.4B | $556.8M | ||
| Q3 24 | $5.4B | $545.2M | ||
| Q2 24 | $5.4B | $544.6M | ||
| Q1 24 | $5.4B | $554.0M |
| Q4 25 | $10.9B | $904.1M | ||
| Q3 25 | $11.0B | $851.8M | ||
| Q2 25 | $10.9B | $795.0M | ||
| Q1 25 | $10.9B | $788.4M | ||
| Q4 24 | $10.9B | $793.1M | ||
| Q3 24 | $11.4B | $801.3M | ||
| Q2 24 | $11.5B | $788.4M | ||
| Q1 24 | $11.6B | $825.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 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 | $566.3M | $-4.1M |
| Free Cash FlowOCF − Capex | $450.3M | $-11.3M |
| FCF MarginFCF / Revenue | 165.4% | -7.6% |
| Capex IntensityCapex / Revenue | 42.6% | 4.8% |
| Cash ConversionOCF / Net Profit | 33.10× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $833.0M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $566.3M | $-4.1M | ||
| Q3 25 | $176.6M | $19.4M | ||
| Q2 25 | $143.7M | $-13.8M | ||
| Q1 25 | $136.9M | $15.6M | ||
| Q4 24 | $541.1M | $14.0M | ||
| Q3 24 | $176.3M | $15.7M | ||
| Q2 24 | $88.7M | $37.8M | ||
| Q1 24 | $167.9M | $12.9M |
| Q4 25 | $450.3M | $-11.3M | ||
| Q3 25 | $148.7M | $9.0M | ||
| Q2 25 | $118.4M | $-26.0M | ||
| Q1 25 | $115.6M | $12.3M | ||
| Q4 24 | $440.8M | $12.5M | ||
| Q3 24 | $147.2M | $13.3M | ||
| Q2 24 | $69.5M | $35.8M | ||
| Q1 24 | $151.9M | $10.4M |
| Q4 25 | 165.4% | -7.6% | ||
| Q3 25 | 53.1% | 6.6% | ||
| Q2 25 | 40.9% | -23.5% | ||
| Q1 25 | 42.7% | 15.4% | ||
| Q4 24 | 153.9% | 11.6% | ||
| Q3 24 | 50.8% | 13.0% | ||
| Q2 24 | 24.7% | 36.1% | ||
| Q1 24 | 54.5% | 11.4% |
| Q4 25 | 42.6% | 4.8% | ||
| Q3 25 | 10.0% | 7.7% | ||
| Q2 25 | 8.7% | 11.0% | ||
| Q1 25 | 7.9% | 4.0% | ||
| Q4 24 | 35.0% | 1.4% | ||
| Q3 24 | 10.1% | 2.3% | ||
| Q2 24 | 6.8% | 2.0% | ||
| Q1 24 | 5.7% | 2.7% |
| Q4 25 | 33.10× | -0.50× | ||
| Q3 25 | 1.09× | 1.63× | ||
| Q2 25 | 1.81× | -1.00× | ||
| Q1 25 | 3.13× | — | ||
| Q4 24 | 8.32× | 1.79× | ||
| Q3 24 | 3.06× | — | ||
| Q2 24 | 1.63× | 3.21× | ||
| Q1 24 | 3.01× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRC
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
