vs
Side-by-side financial comparison of PROCEPT BioRobotics Corp (PRCT) 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 $83.1M, roughly 1.8× PROCEPT BioRobotics Corp). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs -38.1%, a 43.5% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 20.2%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 24.8%).
PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.
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.
PRCT vs SHLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $83.1M | $148.3M |
| Net Profit | $-31.6M | $8.1M |
| Gross Margin | 64.9% | 31.6% |
| Operating Margin | -4.1% | 11.7% |
| Net Margin | -38.1% | 5.5% |
| Revenue YoY | 20.2% | 38.6% |
| Net Profit YoY | -27.9% | 3.9% |
| EPS (diluted) | $-0.56 | $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 | $83.1M | — | ||
| Q4 25 | $76.4M | $148.3M | ||
| Q3 25 | $83.3M | $135.8M | ||
| Q2 25 | $79.2M | $110.8M | ||
| Q1 25 | $69.2M | $80.4M | ||
| Q4 24 | $68.2M | $107.0M | ||
| Q3 24 | $58.4M | $102.2M | ||
| Q2 24 | $53.4M | $99.2M |
| Q1 26 | $-31.6M | — | ||
| Q4 25 | $-29.8M | $8.1M | ||
| Q3 25 | $-21.4M | $11.9M | ||
| Q2 25 | $-19.6M | $13.9M | ||
| Q1 25 | $-24.7M | $-282.0K | ||
| Q4 24 | $-18.9M | $7.8M | ||
| Q3 24 | $-21.0M | $-267.0K | ||
| Q2 24 | $-25.6M | $11.8M |
| Q1 26 | 64.9% | — | ||
| Q4 25 | 60.6% | 31.6% | ||
| Q3 25 | 64.8% | 37.0% | ||
| Q2 25 | 65.4% | 37.2% | ||
| Q1 25 | 63.9% | 35.0% | ||
| Q4 24 | 64.0% | 37.6% | ||
| Q3 24 | 63.2% | 24.8% | ||
| Q2 24 | 59.0% | 40.3% |
| Q1 26 | -4.1% | — | ||
| Q4 25 | -40.6% | 11.7% | ||
| Q3 25 | -27.8% | 13.7% | ||
| Q2 25 | -28.0% | 14.4% | ||
| Q1 25 | -39.7% | 5.4% | ||
| Q4 24 | -28.9% | 15.4% | ||
| Q3 24 | -38.4% | 4.4% | ||
| Q2 24 | -50.3% | 18.7% |
| Q1 26 | -38.1% | — | ||
| Q4 25 | -39.1% | 5.5% | ||
| Q3 25 | -25.7% | 8.7% | ||
| Q2 25 | -24.7% | 12.5% | ||
| Q1 25 | -35.8% | -0.4% | ||
| Q4 24 | -27.6% | 7.3% | ||
| Q3 24 | -35.9% | -0.3% | ||
| Q2 24 | -48.0% | 11.9% |
| Q1 26 | $-0.56 | — | ||
| Q4 25 | $-0.54 | $0.05 | ||
| Q3 25 | $-0.38 | $0.07 | ||
| Q2 25 | $-0.35 | $0.08 | ||
| Q1 25 | $-0.45 | $0.00 | ||
| Q4 24 | $-0.34 | $0.04 | ||
| Q3 24 | $-0.40 | $0.00 | ||
| Q2 24 | $-0.50 | $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 | $245.6M | $7.3M |
| Total DebtLower is stronger | $51.7M | — |
| Stockholders' EquityBook value | $347.7M | $600.0M |
| Total Assets | $487.1M | $904.1M |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $245.6M | — | ||
| Q4 25 | $286.5M | $7.3M | ||
| Q3 25 | $294.3M | $8.6M | ||
| Q2 25 | $302.7M | $4.7M | ||
| Q1 25 | $316.2M | $35.6M | ||
| Q4 24 | $333.7M | $23.5M | ||
| Q3 24 | $196.8M | $11.1M | ||
| Q2 24 | $214.1M | $3.2M |
| Q1 26 | $51.7M | — | ||
| Q4 25 | $51.6M | — | ||
| Q3 25 | $51.6M | — | ||
| Q2 25 | $51.5M | — | ||
| Q1 25 | $51.5M | $141.8M | ||
| Q4 24 | $51.5M | $141.8M | ||
| Q3 24 | $51.4M | $141.8M | ||
| Q2 24 | $51.4M | $146.8M |
| Q1 26 | $347.7M | — | ||
| Q4 25 | $365.9M | $600.0M | ||
| Q3 25 | $380.3M | $589.6M | ||
| Q2 25 | $385.8M | $575.4M | ||
| Q1 25 | $389.2M | $558.9M | ||
| Q4 24 | $402.2M | $556.8M | ||
| Q3 24 | $241.2M | $545.2M | ||
| Q2 24 | $251.8M | $544.6M |
| Q1 26 | $487.1M | — | ||
| Q4 25 | $508.1M | $904.1M | ||
| Q3 25 | $511.5M | $851.8M | ||
| Q2 25 | $513.1M | $795.0M | ||
| Q1 25 | $519.4M | $788.4M | ||
| Q4 24 | $534.0M | $793.1M | ||
| Q3 24 | $374.1M | $801.3M | ||
| Q2 24 | $374.4M | $788.4M |
| Q1 26 | 0.15× | — | ||
| Q4 25 | 0.14× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | 0.25× | ||
| Q4 24 | 0.13× | 0.25× | ||
| Q3 24 | 0.21× | 0.26× | ||
| Q2 24 | 0.20× | 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 | — | 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 | $-10.3M | $-4.1M | ||
| Q3 25 | $-6.6M | $19.4M | ||
| Q2 25 | $-15.0M | $-13.8M | ||
| Q1 25 | $-17.0M | $15.6M | ||
| Q4 24 | $-32.4M | $14.0M | ||
| Q3 24 | $-18.8M | $15.7M | ||
| Q2 24 | $-15.7M | $37.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-12.2M | $-11.3M | ||
| Q3 25 | $-9.5M | $9.0M | ||
| Q2 25 | $-17.8M | $-26.0M | ||
| Q1 25 | $-18.8M | $12.3M | ||
| Q4 24 | $-33.6M | $12.5M | ||
| Q3 24 | $-19.0M | $13.3M | ||
| Q2 24 | $-16.8M | $35.8M |
| Q1 26 | — | — | ||
| Q4 25 | -15.9% | -7.6% | ||
| Q3 25 | -11.4% | 6.6% | ||
| Q2 25 | -22.5% | -23.5% | ||
| Q1 25 | -27.2% | 15.4% | ||
| Q4 24 | -49.2% | 11.6% | ||
| Q3 24 | -32.6% | 13.0% | ||
| Q2 24 | -31.4% | 36.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 4.8% | ||
| Q3 25 | 3.4% | 7.7% | ||
| Q2 25 | 3.5% | 11.0% | ||
| Q1 25 | 2.7% | 4.0% | ||
| Q4 24 | 1.7% | 1.4% | ||
| Q3 24 | 0.4% | 2.3% | ||
| Q2 24 | 2.0% | 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
PRCT
| Handpieces and other consumables | $43.0M | 52% |
| System sales and rentals | $23.4M | 28% |
| Other | $11.1M | 13% |
| Service | $5.6M | 7% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
