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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) 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 $143.3M, roughly 1.0× Piedmont Realty Trust, Inc.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs -31.4%, a 36.9% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 0.4%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 0.0%).
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
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.
PDM vs SHLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $148.3M |
| Net Profit | $-45.0M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | -31.4% | 5.5% |
| Revenue YoY | 0.4% | 38.6% |
| Net Profit YoY | -27.9% | 3.9% |
| EPS (diluted) | $-0.10 | $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.
| Q1 26 | $143.3M | — | ||
| Q4 25 | $142.9M | $148.3M | ||
| Q3 25 | $139.2M | $135.8M | ||
| Q2 25 | $140.3M | $110.8M | ||
| Q1 25 | $142.7M | $80.4M | ||
| Q4 24 | $143.2M | $107.0M | ||
| Q3 24 | $139.3M | $102.2M | ||
| Q2 24 | $143.3M | $99.2M |
| Q1 26 | $-45.0M | — | ||
| Q4 25 | $-43.2M | $8.1M | ||
| Q3 25 | $-13.5M | $11.9M | ||
| Q2 25 | $-16.8M | $13.9M | ||
| Q1 25 | $-10.1M | $-282.0K | ||
| Q4 24 | $-30.0M | $7.8M | ||
| Q3 24 | $-11.5M | $-267.0K | ||
| Q2 24 | $-9.8M | $11.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | -31.4% | — | ||
| Q4 25 | -30.3% | 5.5% | ||
| Q3 25 | -9.7% | 8.7% | ||
| Q2 25 | -12.0% | 12.5% | ||
| Q1 25 | -7.1% | -0.4% | ||
| Q4 24 | -20.9% | 7.3% | ||
| Q3 24 | -8.3% | -0.3% | ||
| Q2 24 | -6.8% | 11.9% |
| Q1 26 | $-0.10 | — | ||
| Q4 25 | $-0.34 | $0.05 | ||
| Q3 25 | $-0.11 | $0.07 | ||
| Q2 25 | $-0.14 | $0.08 | ||
| Q1 25 | $-0.08 | $0.00 | ||
| Q4 24 | $-0.25 | $0.04 | ||
| Q3 24 | $-0.09 | $0.00 | ||
| Q2 24 | $-0.08 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.3M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $600.0M |
| Total Assets | $4.0B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3M | — | ||
| Q4 25 | $731.0K | $7.3M | ||
| Q3 25 | $3.0M | $8.6M | ||
| Q2 25 | $3.3M | $4.7M | ||
| Q1 25 | $2.9M | $35.6M | ||
| Q4 24 | $109.6M | $23.5M | ||
| Q3 24 | $133.6M | $11.1M | ||
| Q2 24 | $138.5M | $3.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | $141.8M | ||
| Q4 24 | $2.2B | $141.8M | ||
| Q3 24 | $2.2B | $141.8M | ||
| Q2 24 | $2.2B | $146.8M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | $600.0M | ||
| Q3 25 | $1.5B | $589.6M | ||
| Q2 25 | $1.5B | $575.4M | ||
| Q1 25 | $1.6B | $558.9M | ||
| Q4 24 | $1.6B | $556.8M | ||
| Q3 24 | $1.6B | $545.2M | ||
| Q2 24 | $1.7B | $544.6M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $904.1M | ||
| Q3 25 | $4.0B | $851.8M | ||
| Q2 25 | $4.0B | $795.0M | ||
| Q1 25 | $4.0B | $788.4M | ||
| Q4 24 | $4.1B | $793.1M | ||
| Q3 24 | $4.1B | $801.3M | ||
| Q2 24 | $4.2B | $788.4M |
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | — | ||
| Q3 25 | 1.43× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.40× | 0.25× | ||
| Q4 24 | 1.40× | 0.25× | ||
| Q3 24 | 1.36× | 0.26× | ||
| Q2 24 | 1.34× | 0.27× |
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 | — | $-4.1M |
| Free Cash FlowOCF − Capex | — | $-11.3M |
| FCF MarginFCF / Revenue | — | -7.6% |
| Capex IntensityCapex / Revenue | 110.3% | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.6M | $-4.1M | ||
| Q3 25 | $35.8M | $19.4M | ||
| Q2 25 | $50.1M | $-13.8M | ||
| Q1 25 | $3.7M | $15.6M | ||
| Q4 24 | $198.1M | $14.0M | ||
| Q3 24 | $42.9M | $15.7M | ||
| Q2 24 | $66.8M | $37.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | 110.3% | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | -0.50× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | -1.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PDM
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
