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Side-by-side financial comparison of Phillips Edison & Company, Inc. (PECO) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
Phillips Edison & Company, Inc. is the larger business by last-quarter revenue ($190.7M vs $148.3M, roughly 1.3× Shoals Technologies Group, Inc.). Phillips Edison & Company, Inc. runs the higher net margin — 17.4% vs 5.5%, a 12.0% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 7.0%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 8.7%).
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric...
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.
PECO vs SHLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $190.7M | $148.3M |
| Net Profit | $33.2M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | 17.4% | 5.5% |
| Revenue YoY | 7.0% | 38.6% |
| Net Profit YoY | 15.1% | 3.9% |
| EPS (diluted) | $0.24 | $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 | $190.7M | — | ||
| Q4 25 | $187.9M | $148.3M | ||
| Q3 25 | $182.7M | $135.8M | ||
| Q2 25 | $177.8M | $110.8M | ||
| Q1 25 | $178.3M | $80.4M | ||
| Q4 24 | $173.0M | $107.0M | ||
| Q3 24 | $165.5M | $102.2M | ||
| Q2 24 | $161.5M | $99.2M |
| Q1 26 | $33.2M | — | ||
| Q4 25 | $47.5M | $8.1M | ||
| Q3 25 | $24.7M | $11.9M | ||
| Q2 25 | $12.8M | $13.9M | ||
| Q1 25 | $26.3M | $-282.0K | ||
| Q4 24 | $18.1M | $7.8M | ||
| Q3 24 | $11.6M | $-267.0K | ||
| Q2 24 | $15.3M | $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 | 17.4% | — | ||
| Q4 25 | 25.3% | 5.5% | ||
| Q3 25 | 13.5% | 8.7% | ||
| Q2 25 | 7.2% | 12.5% | ||
| Q1 25 | 14.8% | -0.4% | ||
| Q4 24 | 10.5% | 7.3% | ||
| Q3 24 | 7.0% | -0.3% | ||
| Q2 24 | 9.5% | 11.9% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.38 | $0.05 | ||
| Q3 25 | $0.20 | $0.07 | ||
| Q2 25 | $0.10 | $0.08 | ||
| Q1 25 | $0.21 | $0.00 | ||
| Q4 24 | $0.16 | $0.04 | ||
| Q3 24 | $0.09 | $0.00 | ||
| Q2 24 | $0.12 | $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 | $3.1M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | $600.0M |
| Total Assets | $5.4B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.1M | — | ||
| Q4 25 | $3.5M | $7.3M | ||
| Q3 25 | $4.1M | $8.6M | ||
| Q2 25 | $5.6M | $4.7M | ||
| Q1 25 | $5.5M | $35.6M | ||
| Q4 24 | $4.9M | $23.5M | ||
| Q3 24 | $6.4M | $11.1M | ||
| Q2 24 | $7.1M | $3.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | $141.8M | ||
| Q4 24 | $2.1B | $141.8M | ||
| Q3 24 | $2.1B | $141.8M | ||
| Q2 24 | $2.0B | $146.8M |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $600.0M | ||
| Q3 25 | $2.3B | $589.6M | ||
| Q2 25 | $2.3B | $575.4M | ||
| Q1 25 | $2.3B | $558.9M | ||
| Q4 24 | $2.3B | $556.8M | ||
| Q3 24 | $2.2B | $545.2M | ||
| Q2 24 | $2.3B | $544.6M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.3B | $904.1M | ||
| Q3 25 | $5.3B | $851.8M | ||
| Q2 25 | $5.3B | $795.0M | ||
| Q1 25 | $5.2B | $788.4M | ||
| Q4 24 | $5.0B | $793.1M | ||
| Q3 24 | $5.0B | $801.3M | ||
| Q2 24 | $4.9B | $788.4M |
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 0.99× | 0.25× | ||
| Q4 24 | 0.91× | 0.25× | ||
| Q3 24 | 0.94× | 0.26× | ||
| Q2 24 | 0.90× | 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 | $55.6M | $-4.1M |
| Free Cash FlowOCF − Capex | — | $-11.3M |
| FCF MarginFCF / Revenue | — | -7.6% |
| Capex IntensityCapex / Revenue | 12.6% | 4.8% |
| Cash ConversionOCF / Net Profit | 1.67× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $55.6M | — | ||
| Q4 25 | $348.1M | $-4.1M | ||
| Q3 25 | $95.4M | $19.4M | ||
| Q2 25 | $96.1M | $-13.8M | ||
| Q1 25 | $60.5M | $15.6M | ||
| Q4 24 | $334.7M | $14.0M | ||
| Q3 24 | $109.1M | $15.7M | ||
| Q2 24 | $78.5M | $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 | 12.6% | — | ||
| 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 | 1.67× | — | ||
| Q4 25 | 7.33× | -0.50× | ||
| Q3 25 | 3.87× | 1.63× | ||
| Q2 25 | 7.52× | -1.00× | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | 18.45× | 1.79× | ||
| Q3 24 | 9.40× | — | ||
| Q2 24 | 5.14× | 3.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PECO
| Rental income | $186.3M | 98% |
| Fees and management income | $3.4M | 2% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
