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Side-by-side financial comparison of PARK NATIONAL CORP (PRK) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $148.3M, roughly 1.1× Shoals Technologies Group, Inc.). PARK NATIONAL CORP runs the higher net margin — 25.3% vs 5.5%, a 19.9% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 4.9%).
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
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.
PRK vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $168.3M | $148.3M |
| Net Profit | $42.6M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | — | 11.7% |
| Net Margin | 25.3% | 5.5% |
| Revenue YoY | 2.2% | 38.6% |
| Net Profit YoY | 10.4% | 3.9% |
| EPS (diluted) | $2.62 | $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 | $168.3M | $148.3M | ||
| Q3 25 | $169.5M | $135.8M | ||
| Q2 25 | $168.7M | $110.8M | ||
| Q1 25 | $157.9M | $80.4M | ||
| Q4 24 | $164.7M | $107.0M | ||
| Q3 24 | $170.3M | $102.2M | ||
| Q2 24 | $157.7M | $99.2M | ||
| Q1 24 | $152.8M | $90.8M |
| Q4 25 | $42.6M | $8.1M | ||
| Q3 25 | $47.2M | $11.9M | ||
| Q2 25 | $48.1M | $13.9M | ||
| Q1 25 | $42.2M | $-282.0K | ||
| Q4 24 | $38.6M | $7.8M | ||
| Q3 24 | $38.2M | $-267.0K | ||
| Q2 24 | $39.4M | $11.8M | ||
| Q1 24 | $35.2M | $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 | — | 11.7% | ||
| Q3 25 | 34.3% | 13.7% | ||
| Q2 25 | 35.2% | 14.4% | ||
| Q1 25 | 32.4% | 5.4% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | 27.4% | 4.4% | ||
| Q2 24 | 30.6% | 18.7% | ||
| Q1 24 | 27.8% | 12.8% |
| Q4 25 | 25.3% | 5.5% | ||
| Q3 25 | 27.8% | 8.7% | ||
| Q2 25 | 28.5% | 12.5% | ||
| Q1 25 | 26.7% | -0.4% | ||
| Q4 24 | 23.5% | 7.3% | ||
| Q3 24 | 22.4% | -0.3% | ||
| Q2 24 | 25.0% | 11.9% | ||
| Q1 24 | 23.0% | 5.3% |
| Q4 25 | $2.62 | $0.05 | ||
| Q3 25 | $2.92 | $0.07 | ||
| Q2 25 | $2.97 | $0.08 | ||
| Q1 25 | $2.60 | $0.00 | ||
| Q4 24 | $2.38 | $0.04 | ||
| Q3 24 | $2.35 | $0.00 | ||
| Q2 24 | $2.42 | $0.07 | ||
| Q1 24 | $2.17 | $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 | $233.5M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $600.0M |
| Total Assets | $9.8B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $233.5M | $7.3M | ||
| Q3 25 | $218.9M | $8.6M | ||
| Q2 25 | $193.1M | $4.7M | ||
| Q1 25 | $237.6M | $35.6M | ||
| Q4 24 | $160.6M | $23.5M | ||
| Q3 24 | $201.7M | $11.1M | ||
| Q2 24 | $261.5M | $3.2M | ||
| Q1 24 | $306.1M | $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 | $1.4B | $600.0M | ||
| Q3 25 | $1.3B | $589.6M | ||
| Q2 25 | $1.3B | $575.4M | ||
| Q1 25 | $1.3B | $558.9M | ||
| Q4 24 | $1.2B | $556.8M | ||
| Q3 24 | $1.2B | $545.2M | ||
| Q2 24 | $1.2B | $544.6M | ||
| Q1 24 | $1.2B | $554.0M |
| Q4 25 | $9.8B | $904.1M | ||
| Q3 25 | $9.9B | $851.8M | ||
| Q2 25 | $9.9B | $795.0M | ||
| Q1 25 | $9.9B | $788.4M | ||
| Q4 24 | $9.8B | $793.1M | ||
| Q3 24 | $9.9B | $801.3M | ||
| Q2 24 | $9.9B | $788.4M | ||
| Q1 24 | $9.9B | $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 | $198.3M | $-4.1M |
| Free Cash FlowOCF − Capex | $191.9M | $-11.3M |
| FCF MarginFCF / Revenue | 114.1% | -7.6% |
| Capex IntensityCapex / Revenue | 3.8% | 4.8% |
| Cash ConversionOCF / Net Profit | 4.65× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $328.2M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $198.3M | $-4.1M | ||
| Q3 25 | $52.6M | $19.4M | ||
| Q2 25 | $49.7M | $-13.8M | ||
| Q1 25 | $37.9M | $15.6M | ||
| Q4 24 | $178.8M | $14.0M | ||
| Q3 24 | $43.8M | $15.7M | ||
| Q2 24 | $50.9M | $37.8M | ||
| Q1 24 | $35.0M | $12.9M |
| Q4 25 | $191.9M | $-11.3M | ||
| Q3 25 | $51.1M | $9.0M | ||
| Q2 25 | $48.4M | $-26.0M | ||
| Q1 25 | $36.8M | $12.3M | ||
| Q4 24 | $169.7M | $12.5M | ||
| Q3 24 | $41.7M | $13.3M | ||
| Q2 24 | $49.0M | $35.8M | ||
| Q1 24 | $31.9M | $10.4M |
| Q4 25 | 114.1% | -7.6% | ||
| Q3 25 | 30.1% | 6.6% | ||
| Q2 25 | 28.7% | -23.5% | ||
| Q1 25 | 23.3% | 15.4% | ||
| Q4 24 | 103.0% | 11.6% | ||
| Q3 24 | 24.5% | 13.0% | ||
| Q2 24 | 31.1% | 36.1% | ||
| Q1 24 | 20.8% | 11.4% |
| Q4 25 | 3.8% | 4.8% | ||
| Q3 25 | 0.9% | 7.7% | ||
| Q2 25 | 0.8% | 11.0% | ||
| Q1 25 | 0.7% | 4.0% | ||
| Q4 24 | 5.6% | 1.4% | ||
| Q3 24 | 1.2% | 2.3% | ||
| Q2 24 | 1.2% | 2.0% | ||
| Q1 24 | 2.1% | 2.7% |
| Q4 25 | 4.65× | -0.50× | ||
| Q3 25 | 1.11× | 1.63× | ||
| Q2 25 | 1.03× | -1.00× | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 4.63× | 1.79× | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | 1.29× | 3.21× | ||
| Q1 24 | 0.99× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRK
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
