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Side-by-side financial comparison of Loar Holdings Inc. (LOAR) 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 ($148.3M vs $131.8M, roughly 1.1× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs 5.5%, a 4.0% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 19.3%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 19.8%).
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.
LOAR vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $131.8M | $148.3M |
| Net Profit | $12.5M | $8.1M |
| Gross Margin | 52.1% | 31.6% |
| Operating Margin | 18.0% | 11.7% |
| Net Margin | 9.5% | 5.5% |
| Revenue YoY | 19.3% | 38.6% |
| Net Profit YoY | 239.5% | 3.9% |
| EPS (diluted) | $0.13 | $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 | $131.8M | $148.3M | ||
| Q3 25 | $126.8M | $135.8M | ||
| Q2 25 | $123.1M | $110.8M | ||
| Q1 25 | $114.7M | $80.4M | ||
| Q4 24 | $110.4M | $107.0M | ||
| Q3 24 | $103.5M | $102.2M | ||
| Q2 24 | $97.0M | $99.2M | ||
| Q1 24 | $91.8M | $90.8M |
| Q4 25 | $12.5M | $8.1M | ||
| Q3 25 | $27.6M | $11.9M | ||
| Q2 25 | $16.7M | $13.9M | ||
| Q1 25 | $15.3M | $-282.0K | ||
| Q4 24 | $3.7M | $7.8M | ||
| Q3 24 | $8.7M | $-267.0K | ||
| Q2 24 | $7.6M | $11.8M | ||
| Q1 24 | $2.2M | $4.8M |
| Q4 25 | 52.1% | 31.6% | ||
| Q3 25 | 52.7% | 37.0% | ||
| Q2 25 | 53.8% | 37.2% | ||
| Q1 25 | 52.1% | 35.0% | ||
| Q4 24 | 48.9% | 37.6% | ||
| Q3 24 | 51.1% | 24.8% | ||
| Q2 24 | 49.0% | 40.3% | ||
| Q1 24 | 48.4% | 40.2% |
| Q4 25 | 18.0% | 11.7% | ||
| Q3 25 | 22.9% | 13.7% | ||
| Q2 25 | 22.2% | 14.4% | ||
| Q1 25 | 22.8% | 5.4% | ||
| Q4 24 | 19.2% | 15.4% | ||
| Q3 24 | 22.1% | 4.4% | ||
| Q2 24 | 22.9% | 18.7% | ||
| Q1 24 | 23.3% | 12.8% |
| Q4 25 | 9.5% | 5.5% | ||
| Q3 25 | 21.8% | 8.7% | ||
| Q2 25 | 13.6% | 12.5% | ||
| Q1 25 | 13.4% | -0.4% | ||
| Q4 24 | 3.3% | 7.3% | ||
| Q3 24 | 8.4% | -0.3% | ||
| Q2 24 | 7.9% | 11.9% | ||
| Q1 24 | 2.4% | 5.3% |
| Q4 25 | $0.13 | $0.05 | ||
| Q3 25 | $0.29 | $0.07 | ||
| Q2 25 | $0.17 | $0.08 | ||
| Q1 25 | $0.16 | $0.00 | ||
| Q4 24 | $-11023.48 | $0.04 | ||
| Q3 24 | $0.09 | $0.00 | ||
| Q2 24 | $0.09 | $0.07 | ||
| Q1 24 | $11023.54 | $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 | $84.8M | $7.3M |
| Total DebtLower is stronger | $715.7M | — |
| Stockholders' EquityBook value | $1.2B | $600.0M |
| Total Assets | $2.0B | $904.1M |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.8M | $7.3M | ||
| Q3 25 | $99.0M | $8.6M | ||
| Q2 25 | $103.3M | $4.7M | ||
| Q1 25 | $80.5M | $35.6M | ||
| Q4 24 | $54.1M | $23.5M | ||
| Q3 24 | $55.2M | $11.1M | ||
| Q2 24 | $73.2M | $3.2M | ||
| Q1 24 | $28.2M | $15.2M |
| Q4 25 | $715.7M | — | ||
| Q3 25 | $279.4M | — | ||
| Q2 25 | $277.7M | — | ||
| Q1 25 | $277.5M | $141.8M | ||
| Q4 24 | $277.3M | $141.8M | ||
| Q3 24 | $602.1M | $141.8M | ||
| Q2 24 | $250.7M | $146.8M | ||
| Q1 24 | $534.2M | $168.8M |
| Q4 25 | $1.2B | $600.0M | ||
| Q3 25 | $1.2B | $589.6M | ||
| Q2 25 | $1.1B | $575.4M | ||
| Q1 25 | $1.1B | $558.9M | ||
| Q4 24 | $1.1B | $556.8M | ||
| Q3 24 | $769.8M | $545.2M | ||
| Q2 24 | $758.4M | $544.6M | ||
| Q1 24 | $420.6M | $554.0M |
| Q4 25 | $2.0B | $904.1M | ||
| Q3 25 | $1.5B | $851.8M | ||
| Q2 25 | $1.5B | $795.0M | ||
| Q1 25 | $1.5B | $788.4M | ||
| Q4 24 | $1.5B | $793.1M | ||
| Q3 24 | $1.5B | $801.3M | ||
| Q2 24 | $1.1B | $788.4M | ||
| Q1 24 | $1.1B | $825.3M |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.25× | 0.25× | ||
| Q4 24 | 0.25× | 0.25× | ||
| Q3 24 | 0.78× | 0.26× | ||
| Q2 24 | 0.33× | 0.27× | ||
| Q1 24 | 1.27× | 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 | $30.4M | $-4.1M |
| Free Cash FlowOCF − Capex | — | $-11.3M |
| FCF MarginFCF / Revenue | — | -7.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | 2.43× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.4M | $-4.1M | ||
| Q3 25 | $29.7M | $19.4M | ||
| Q2 25 | $23.8M | $-13.8M | ||
| Q1 25 | $28.4M | $15.6M | ||
| Q4 24 | $20.7M | $14.0M | ||
| Q3 24 | $16.3M | $15.7M | ||
| Q2 24 | $7.1M | $37.8M | ||
| Q1 24 | $10.8M | $12.9M |
| Q4 25 | — | $-11.3M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $-26.0M | ||
| Q1 25 | — | $12.3M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | — | $13.3M | ||
| Q2 24 | — | $35.8M | ||
| Q1 24 | — | $10.4M |
| Q4 25 | — | -7.6% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | -23.5% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 36.1% | ||
| Q1 24 | — | 11.4% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | 2.43× | -0.50× | ||
| Q3 25 | 1.08× | 1.63× | ||
| Q2 25 | 1.42× | -1.00× | ||
| Q1 25 | 1.85× | — | ||
| Q4 24 | 5.62× | 1.79× | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 0.93× | 3.21× | ||
| Q1 24 | 4.81× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
