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Side-by-side financial comparison of Payoneer Global Inc. (PAYO) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
Payoneer Global Inc. is the larger business by last-quarter revenue ($217.0M vs $148.3M, roughly 1.5× Shoals Technologies Group, Inc.). Payoneer Global Inc. runs the higher net margin — 8.8% vs 5.5%, a 3.3% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 9.5%). Payoneer Global Inc. produced more free cash flow last quarter ($40.3M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 16.3%).
Payoneer Global Inc. is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
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.
PAYO vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.0M | $148.3M |
| Net Profit | $19.0M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | 13.3% | 11.7% |
| Net Margin | 8.8% | 5.5% |
| Revenue YoY | 9.5% | 38.6% |
| Net Profit YoY | 4.5% | 3.9% |
| EPS (diluted) | $0.05 | $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 | $217.0M | $148.3M | ||
| Q3 25 | $209.7M | $135.8M | ||
| Q2 25 | $200.5M | $110.8M | ||
| Q1 25 | $186.3M | $80.4M | ||
| Q4 24 | $198.2M | $107.0M | ||
| Q3 24 | $180.4M | $102.2M | ||
| Q2 24 | $171.2M | $99.2M | ||
| Q1 24 | $160.5M | $90.8M |
| Q4 25 | $19.0M | $8.1M | ||
| Q3 25 | $14.1M | $11.9M | ||
| Q2 25 | $19.5M | $13.9M | ||
| Q1 25 | $20.6M | $-282.0K | ||
| Q4 24 | $18.2M | $7.8M | ||
| Q3 24 | $41.6M | $-267.0K | ||
| Q2 24 | $32.4M | $11.8M | ||
| Q1 24 | $29.0M | $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 | 13.3% | 11.7% | ||
| Q3 25 | 17.3% | 13.7% | ||
| Q2 25 | 15.0% | 14.4% | ||
| Q1 25 | 15.7% | 5.4% | ||
| Q4 24 | 14.7% | 15.4% | ||
| Q3 24 | 19.5% | 4.4% | ||
| Q2 24 | 27.0% | 18.7% | ||
| Q1 24 | 23.9% | 12.8% |
| Q4 25 | 8.8% | 5.5% | ||
| Q3 25 | 6.7% | 8.7% | ||
| Q2 25 | 9.7% | 12.5% | ||
| Q1 25 | 11.0% | -0.4% | ||
| Q4 24 | 9.2% | 7.3% | ||
| Q3 24 | 23.1% | -0.3% | ||
| Q2 24 | 18.9% | 11.9% | ||
| Q1 24 | 18.1% | 5.3% |
| Q4 25 | $0.05 | $0.05 | ||
| Q3 25 | $0.04 | $0.07 | ||
| Q2 25 | $0.05 | $0.08 | ||
| Q1 25 | $0.05 | $0.00 | ||
| Q4 24 | $0.03 | $0.04 | ||
| Q3 24 | $0.11 | $0.00 | ||
| Q2 24 | $0.09 | $0.07 | ||
| Q1 24 | $0.08 | $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 | $415.5M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $704.4M | $600.0M |
| Total Assets | $9.0B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $415.5M | $7.3M | ||
| Q3 25 | $479.4M | $8.6M | ||
| Q2 25 | $497.1M | $4.7M | ||
| Q1 25 | $524.1M | $35.6M | ||
| Q4 24 | $497.5M | $23.5M | ||
| Q3 24 | $534.2M | $11.1M | ||
| Q2 24 | $575.7M | $3.2M | ||
| Q1 24 | $587.2M | $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 | $704.4M | $600.0M | ||
| Q3 25 | $750.5M | $589.6M | ||
| Q2 25 | $770.9M | $575.4M | ||
| Q1 25 | $750.7M | $558.9M | ||
| Q4 24 | $724.8M | $556.8M | ||
| Q3 24 | $727.9M | $545.2M | ||
| Q2 24 | $669.4M | $544.6M | ||
| Q1 24 | $661.5M | $554.0M |
| Q4 25 | $9.0B | $904.1M | ||
| Q3 25 | $8.2B | $851.8M | ||
| Q2 25 | $8.1B | $795.0M | ||
| Q1 25 | $7.6B | $788.4M | ||
| Q4 24 | $7.9B | $793.1M | ||
| Q3 24 | $7.1B | $801.3M | ||
| Q2 24 | $6.9B | $788.4M | ||
| Q1 24 | $6.8B | $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 | $54.9M | $-4.1M |
| Free Cash FlowOCF − Capex | $40.3M | $-11.3M |
| FCF MarginFCF / Revenue | 18.6% | -7.6% |
| Capex IntensityCapex / Revenue | 6.7% | 4.8% |
| Cash ConversionOCF / Net Profit | 2.89× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $206.6M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.9M | $-4.1M | ||
| Q3 25 | $54.2M | $19.4M | ||
| Q2 25 | $70.7M | $-13.8M | ||
| Q1 25 | $53.7M | $15.6M | ||
| Q4 24 | $45.9M | $14.0M | ||
| Q3 24 | $50.1M | $15.7M | ||
| Q2 24 | $41.4M | $37.8M | ||
| Q1 24 | $39.5M | $12.9M |
| Q4 25 | $40.3M | $-11.3M | ||
| Q3 25 | $49.2M | $9.0M | ||
| Q2 25 | $68.1M | $-26.0M | ||
| Q1 25 | $49.0M | $12.3M | ||
| Q4 24 | $42.1M | $12.5M | ||
| Q3 24 | $48.5M | $13.3M | ||
| Q2 24 | $40.2M | $35.8M | ||
| Q1 24 | $37.9M | $10.4M |
| Q4 25 | 18.6% | -7.6% | ||
| Q3 25 | 23.5% | 6.6% | ||
| Q2 25 | 34.0% | -23.5% | ||
| Q1 25 | 26.3% | 15.4% | ||
| Q4 24 | 21.3% | 11.6% | ||
| Q3 24 | 26.9% | 13.0% | ||
| Q2 24 | 23.5% | 36.1% | ||
| Q1 24 | 23.6% | 11.4% |
| Q4 25 | 6.7% | 4.8% | ||
| Q3 25 | 2.4% | 7.7% | ||
| Q2 25 | 1.3% | 11.0% | ||
| Q1 25 | 2.5% | 4.0% | ||
| Q4 24 | 1.9% | 1.4% | ||
| Q3 24 | 0.9% | 2.3% | ||
| Q2 24 | 0.7% | 2.0% | ||
| Q1 24 | 1.0% | 2.7% |
| Q4 25 | 2.89× | -0.50× | ||
| Q3 25 | 3.84× | 1.63× | ||
| Q2 25 | 3.63× | -1.00× | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 2.52× | 1.79× | ||
| Q3 24 | 1.21× | — | ||
| Q2 24 | 1.28× | 3.21× | ||
| Q1 24 | 1.36× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAYO
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
