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Side-by-side financial comparison of PUMA BIOTECHNOLOGY, INC. (PBYI) 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 $75.5M, roughly 2.0× PUMA BIOTECHNOLOGY, INC.). On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 27.7%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-11.3M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 27.8%).
Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.
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.
PBYI vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.5M | $148.3M |
| Net Profit | — | $8.1M |
| Gross Margin | 69.3% | 31.6% |
| Operating Margin | 22.7% | 11.7% |
| Net Margin | — | 5.5% |
| Revenue YoY | 27.7% | 38.6% |
| Net Profit YoY | — | 3.9% |
| EPS (diluted) | $0.26 | $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 | $75.5M | $148.3M | ||
| Q3 25 | $54.5M | $135.8M | ||
| Q2 25 | $52.4M | $110.8M | ||
| Q1 25 | $46.0M | $80.4M | ||
| Q4 24 | $59.1M | $107.0M | ||
| Q3 24 | $80.5M | $102.2M | ||
| Q2 24 | $47.1M | $99.2M | ||
| Q1 24 | $43.8M | $90.8M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $8.8M | $11.9M | ||
| Q2 25 | $5.9M | $13.9M | ||
| Q1 25 | $3.0M | $-282.0K | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | $20.3M | $-267.0K | ||
| Q2 24 | $-4.5M | $11.8M | ||
| Q1 24 | $-4.8M | $4.8M |
| Q4 25 | 69.3% | 31.6% | ||
| Q3 25 | 77.7% | 37.0% | ||
| Q2 25 | 76.5% | 37.2% | ||
| Q1 25 | 77.1% | 35.0% | ||
| Q4 24 | 76.4% | 37.6% | ||
| Q3 24 | 63.9% | 24.8% | ||
| Q2 24 | 77.4% | 40.3% | ||
| Q1 24 | 75.5% | 40.2% |
| Q4 25 | 22.7% | 11.7% | ||
| Q3 25 | 17.6% | 13.7% | ||
| Q2 25 | 12.7% | 14.4% | ||
| Q1 25 | 8.7% | 5.4% | ||
| Q4 24 | 22.6% | 15.4% | ||
| Q3 24 | 27.4% | 4.4% | ||
| Q2 24 | -4.6% | 18.7% | ||
| Q1 24 | -5.3% | 12.8% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | 16.2% | 8.7% | ||
| Q2 25 | 11.2% | 12.5% | ||
| Q1 25 | 6.5% | -0.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 25.2% | -0.3% | ||
| Q2 24 | -9.6% | 11.9% | ||
| Q1 24 | -11.0% | 5.3% |
| Q4 25 | $0.26 | $0.05 | ||
| Q3 25 | $0.17 | $0.07 | ||
| Q2 25 | $0.12 | $0.08 | ||
| Q1 25 | $0.06 | $0.00 | ||
| Q4 24 | $0.40 | $0.04 | ||
| Q3 24 | $0.41 | $0.00 | ||
| Q2 24 | $-0.09 | $0.07 | ||
| Q1 24 | $-0.10 | $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 | $97.5M | $7.3M |
| Total DebtLower is stronger | $22.7M | — |
| Stockholders' EquityBook value | $130.3M | $600.0M |
| Total Assets | $216.3M | $904.1M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.5M | $7.3M | ||
| Q3 25 | $94.4M | $8.6M | ||
| Q2 25 | $96.0M | $4.7M | ||
| Q1 25 | $93.2M | $35.6M | ||
| Q4 24 | $101.0M | $23.5M | ||
| Q3 24 | $96.7M | $11.1M | ||
| Q2 24 | $96.8M | $3.2M | ||
| Q1 24 | $107.2M | $15.2M |
| Q4 25 | $22.7M | — | ||
| Q3 25 | $34.0M | — | ||
| Q2 25 | $45.3M | — | ||
| Q1 25 | $56.7M | $141.8M | ||
| Q4 24 | $68.0M | $141.8M | ||
| Q3 24 | $79.3M | $141.8M | ||
| Q2 24 | $90.7M | $146.8M | ||
| Q1 24 | $102.0M | $168.8M |
| Q4 25 | $130.3M | $600.0M | ||
| Q3 25 | $115.3M | $589.6M | ||
| Q2 25 | $104.7M | $575.4M | ||
| Q1 25 | $97.1M | $558.9M | ||
| Q4 24 | $92.1M | $556.8M | ||
| Q3 24 | $71.1M | $545.2M | ||
| Q2 24 | $48.5M | $544.6M | ||
| Q1 24 | $51.0M | $554.0M |
| Q4 25 | $216.3M | $904.1M | ||
| Q3 25 | $202.9M | $851.8M | ||
| Q2 25 | $194.9M | $795.0M | ||
| Q1 25 | $196.2M | $788.4M | ||
| Q4 24 | $213.3M | $793.1M | ||
| Q3 24 | $220.7M | $801.3M | ||
| Q2 24 | $205.0M | $788.4M | ||
| Q1 24 | $214.1M | $825.3M |
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.58× | 0.25× | ||
| Q4 24 | 0.74× | 0.25× | ||
| Q3 24 | 1.12× | 0.26× | ||
| Q2 24 | 1.87× | 0.27× | ||
| Q1 24 | 2.00× | 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 | $14.4M | $-4.1M |
| Free Cash FlowOCF − Capex | $14.4M | $-11.3M |
| FCF MarginFCF / Revenue | 19.1% | -7.6% |
| Capex IntensityCapex / Revenue | 0.0% | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $41.7M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $-4.1M | ||
| Q3 25 | $9.7M | $19.4M | ||
| Q2 25 | $14.1M | $-13.8M | ||
| Q1 25 | $3.6M | $15.6M | ||
| Q4 24 | $15.6M | $14.0M | ||
| Q3 24 | $11.0M | $15.7M | ||
| Q2 24 | $1.0M | $37.8M | ||
| Q1 24 | $11.2M | $12.9M |
| Q4 25 | $14.4M | $-11.3M | ||
| Q3 25 | $9.7M | $9.0M | ||
| Q2 25 | $14.1M | $-26.0M | ||
| Q1 25 | $3.6M | $12.3M | ||
| Q4 24 | $15.6M | $12.5M | ||
| Q3 24 | $11.0M | $13.3M | ||
| Q2 24 | $1.0M | $35.8M | ||
| Q1 24 | — | $10.4M |
| Q4 25 | 19.1% | -7.6% | ||
| Q3 25 | 17.7% | 6.6% | ||
| Q2 25 | 26.8% | -23.5% | ||
| Q1 25 | 7.7% | 15.4% | ||
| Q4 24 | 26.4% | 11.6% | ||
| Q3 24 | 13.7% | 13.0% | ||
| Q2 24 | 2.1% | 36.1% | ||
| Q1 24 | — | 11.4% |
| Q4 25 | 0.0% | 4.8% | ||
| Q3 25 | 0.0% | 7.7% | ||
| Q2 25 | 0.0% | 11.0% | ||
| Q1 25 | 0.1% | 4.0% | ||
| Q4 24 | 0.0% | 1.4% | ||
| Q3 24 | 0.0% | 2.3% | ||
| Q2 24 | 0.0% | 2.0% | ||
| Q1 24 | 0.0% | 2.7% |
| Q4 25 | — | -0.50× | ||
| Q3 25 | 1.10× | 1.63× | ||
| Q2 25 | 2.41× | -1.00× | ||
| Q1 25 | 1.21× | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | — | 3.21× | ||
| Q1 24 | — | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PBYI
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
