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Side-by-side financial comparison of OFG BANCORP (OFG) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
OFG BANCORP is the larger business by last-quarter revenue ($184.3M vs $148.3M, roughly 1.2× Shoals Technologies Group, Inc.). OFG BANCORP runs the higher net margin — 30.3% vs 5.5%, a 24.8% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 0.9%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 2.8%).
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....
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.
OFG vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.3M | $148.3M |
| Net Profit | $55.9M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | 25.7% | 11.7% |
| Net Margin | 30.3% | 5.5% |
| Revenue YoY | 0.9% | 38.6% |
| Net Profit YoY | 11.0% | 3.9% |
| EPS (diluted) | $1.27 | $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 | $184.3M | $148.3M | ||
| Q3 25 | $186.2M | $135.8M | ||
| Q2 25 | $182.4M | $110.8M | ||
| Q1 25 | $178.6M | $80.4M | ||
| Q4 24 | $182.7M | $107.0M | ||
| Q3 24 | $174.7M | $102.2M | ||
| Q2 24 | $179.8M | $99.2M | ||
| Q1 24 | $174.4M | $90.8M |
| Q4 25 | $55.9M | $8.1M | ||
| Q3 25 | $51.8M | $11.9M | ||
| Q2 25 | $51.8M | $13.9M | ||
| Q1 25 | $45.6M | $-282.0K | ||
| Q4 24 | $50.3M | $7.8M | ||
| Q3 24 | $47.0M | $-267.0K | ||
| Q2 24 | $51.1M | $11.8M | ||
| Q1 24 | $49.7M | $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 | 25.7% | 11.7% | ||
| Q3 25 | 33.0% | 13.7% | ||
| Q2 25 | 36.1% | 14.4% | ||
| Q1 25 | 33.3% | 5.4% | ||
| Q4 24 | 28.9% | 15.4% | ||
| Q3 24 | 35.4% | 4.4% | ||
| Q2 24 | 39.6% | 18.7% | ||
| Q1 24 | 38.9% | 12.8% |
| Q4 25 | 30.3% | 5.5% | ||
| Q3 25 | 27.8% | 8.7% | ||
| Q2 25 | 28.4% | 12.5% | ||
| Q1 25 | 25.5% | -0.4% | ||
| Q4 24 | 27.6% | 7.3% | ||
| Q3 24 | 26.9% | -0.3% | ||
| Q2 24 | 28.4% | 11.9% | ||
| Q1 24 | 28.5% | 5.3% |
| Q4 25 | $1.27 | $0.05 | ||
| Q3 25 | $1.16 | $0.07 | ||
| Q2 25 | $1.15 | $0.08 | ||
| Q1 25 | $1.00 | $0.00 | ||
| Q4 24 | $1.10 | $0.04 | ||
| Q3 24 | $1.00 | $0.00 | ||
| Q2 24 | $1.08 | $0.07 | ||
| Q1 24 | $1.05 | $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 | $1.0B | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $600.0M |
| Total Assets | $12.5B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $7.3M | ||
| Q3 25 | $740.3M | $8.6M | ||
| Q2 25 | $851.8M | $4.7M | ||
| Q1 25 | $710.6M | $35.6M | ||
| Q4 24 | $591.1M | $23.5M | ||
| Q3 24 | $680.6M | $11.1M | ||
| Q2 24 | $740.4M | $3.2M | ||
| Q1 24 | $754.4M | $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 | $1.4B | $600.0M | ||
| Q3 25 | $1.4B | $589.6M | ||
| Q2 25 | $1.3B | $575.4M | ||
| Q1 25 | $1.3B | $558.9M | ||
| Q4 24 | $1.3B | $556.8M | ||
| Q3 24 | $1.3B | $545.2M | ||
| Q2 24 | $1.2B | $544.6M | ||
| Q1 24 | $1.2B | $554.0M |
| Q4 25 | $12.5B | $904.1M | ||
| Q3 25 | $12.2B | $851.8M | ||
| Q2 25 | $12.2B | $795.0M | ||
| Q1 25 | $11.7B | $788.4M | ||
| Q4 24 | $11.5B | $793.1M | ||
| Q3 24 | $11.5B | $801.3M | ||
| Q2 24 | $11.3B | $788.4M | ||
| Q1 24 | $11.2B | $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 | $217.7M | $-4.1M |
| Free Cash FlowOCF − Capex | $199.3M | $-11.3M |
| FCF MarginFCF / Revenue | 108.1% | -7.6% |
| Capex IntensityCapex / Revenue | 10.0% | 4.8% |
| Cash ConversionOCF / Net Profit | 3.90× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $345.4M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.7M | $-4.1M | ||
| Q3 25 | $39.5M | $19.4M | ||
| Q2 25 | $35.9M | $-13.8M | ||
| Q1 25 | $83.1M | $15.6M | ||
| Q4 24 | $252.5M | $14.0M | ||
| Q3 24 | $58.1M | $15.7M | ||
| Q2 24 | $95.1M | $37.8M | ||
| Q1 24 | $61.0M | $12.9M |
| Q4 25 | $199.3M | $-11.3M | ||
| Q3 25 | $35.5M | $9.0M | ||
| Q2 25 | $31.8M | $-26.0M | ||
| Q1 25 | $78.7M | $12.3M | ||
| Q4 24 | $231.2M | $12.5M | ||
| Q3 24 | $51.8M | $13.3M | ||
| Q2 24 | $90.4M | $35.8M | ||
| Q1 24 | $54.8M | $10.4M |
| Q4 25 | 108.1% | -7.6% | ||
| Q3 25 | 19.1% | 6.6% | ||
| Q2 25 | 17.4% | -23.5% | ||
| Q1 25 | 44.1% | 15.4% | ||
| Q4 24 | 126.5% | 11.6% | ||
| Q3 24 | 29.6% | 13.0% | ||
| Q2 24 | 50.3% | 36.1% | ||
| Q1 24 | 31.4% | 11.4% |
| Q4 25 | 10.0% | 4.8% | ||
| Q3 25 | 2.1% | 7.7% | ||
| Q2 25 | 2.3% | 11.0% | ||
| Q1 25 | 2.4% | 4.0% | ||
| Q4 24 | 11.7% | 1.4% | ||
| Q3 24 | 3.6% | 2.3% | ||
| Q2 24 | 2.6% | 2.0% | ||
| Q1 24 | 3.5% | 2.7% |
| Q4 25 | 3.90× | -0.50× | ||
| Q3 25 | 0.76× | 1.63× | ||
| Q2 25 | 0.69× | -1.00× | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 5.02× | 1.79× | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 1.86× | 3.21× | ||
| Q1 24 | 1.23× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OFG
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
