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Side-by-side financial comparison of RADIANT LOGISTICS, INC (RLGT) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
RADIANT LOGISTICS, INC is the larger business by last-quarter revenue ($232.1M vs $140.6M, roughly 1.7× Shoals Technologies Group, Inc.). RADIANT LOGISTICS, INC runs the higher net margin — 2.3% vs -0.2%, a 2.5% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (74.9% vs -12.3%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (19.0% CAGR vs 12.1%).
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
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.
RLGT vs SHLS — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $232.1M | $140.6M |
| Net Profit | $5.3M | $-297.0K |
| Gross Margin | — | 29.2% |
| Operating Margin | 3.2% | 5.5% |
| Net Margin | 2.3% | -0.2% |
| Revenue YoY | -12.3% | 74.9% |
| Net Profit YoY | -18.0% | -5.3% |
| EPS (diluted) | $0.11 | $0.00 |
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 | — | $140.6M | ||
| Q4 25 | $232.1M | $148.3M | ||
| Q3 25 | $226.7M | $135.8M | ||
| Q2 25 | $220.6M | $110.8M | ||
| Q1 25 | $214.0M | $80.4M | ||
| Q4 24 | $264.5M | $107.0M | ||
| Q3 24 | $203.6M | $102.2M | ||
| Q2 24 | $206.0M | $99.2M |
| Q1 26 | — | $-297.0K | ||
| Q4 25 | $5.3M | $8.1M | ||
| Q3 25 | $1.3M | $11.9M | ||
| Q2 25 | $4.9M | $13.9M | ||
| Q1 25 | $2.5M | $-282.0K | ||
| Q4 24 | $6.5M | $7.8M | ||
| Q3 24 | $3.4M | $-267.0K | ||
| Q2 24 | $4.8M | $11.8M |
| Q1 26 | — | 29.2% | ||
| 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 | — | 5.5% | ||
| Q4 25 | 3.2% | 11.7% | ||
| Q3 25 | 0.9% | 13.7% | ||
| Q2 25 | 2.4% | 14.4% | ||
| Q1 25 | 1.6% | 5.4% | ||
| Q4 24 | 3.3% | 15.4% | ||
| Q3 24 | 1.9% | 4.4% | ||
| Q2 24 | 2.4% | 18.7% |
| Q1 26 | — | -0.2% | ||
| Q4 25 | 2.3% | 5.5% | ||
| Q3 25 | 0.6% | 8.7% | ||
| Q2 25 | 2.2% | 12.5% | ||
| Q1 25 | 1.2% | -0.4% | ||
| Q4 24 | 2.4% | 7.3% | ||
| Q3 24 | 1.7% | -0.3% | ||
| Q2 24 | 2.3% | 11.9% |
| Q1 26 | — | $0.00 | ||
| Q4 25 | $0.11 | $0.05 | ||
| Q3 25 | $0.03 | $0.07 | ||
| Q2 25 | $0.10 | $0.08 | ||
| Q1 25 | $0.05 | $0.00 | ||
| Q4 24 | $0.13 | $0.04 | ||
| Q3 24 | $0.07 | $0.00 | ||
| Q2 24 | $0.11 | $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 | $31.9M | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $229.8M | $601.6M |
| Total Assets | $439.4M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.9M | ||
| Q4 25 | $31.9M | $7.3M | ||
| Q3 25 | $28.1M | $8.6M | ||
| Q2 25 | $22.9M | $4.7M | ||
| Q1 25 | $19.0M | $35.6M | ||
| Q4 24 | $19.9M | $23.5M | ||
| Q3 24 | $10.4M | $11.1M | ||
| Q2 24 | $24.9M | $3.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M |
| Q1 26 | — | $601.6M | ||
| Q4 25 | $229.8M | $600.0M | ||
| Q3 25 | $225.7M | $589.6M | ||
| Q2 25 | $226.0M | $575.4M | ||
| Q1 25 | $218.2M | $558.9M | ||
| Q4 24 | $214.4M | $556.8M | ||
| Q3 24 | $212.4M | $545.2M | ||
| Q2 24 | $209.4M | $544.6M |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $439.4M | $904.1M | ||
| Q3 25 | $445.3M | $851.8M | ||
| Q2 25 | $426.8M | $795.0M | ||
| Q1 25 | $414.5M | $788.4M | ||
| Q4 24 | $386.8M | $793.1M | ||
| Q3 24 | $375.3M | $801.3M | ||
| Q2 24 | $371.2M | $788.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 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 | $12.4M | — |
| Free Cash FlowOCF − Capex | $11.6M | — |
| FCF MarginFCF / Revenue | 5.0% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 2.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $12.4M | $-4.1M | ||
| Q3 25 | $2.5M | $19.4M | ||
| Q2 25 | $3.1M | $-13.8M | ||
| Q1 25 | $-5.7M | $15.6M | ||
| Q4 24 | $15.7M | $14.0M | ||
| Q3 24 | $205.0K | $15.7M | ||
| Q2 24 | $1.3M | $37.8M |
| Q1 26 | — | — | ||
| Q4 25 | $11.6M | $-11.3M | ||
| Q3 25 | $977.0K | $9.0M | ||
| Q2 25 | $2.2M | $-26.0M | ||
| Q1 25 | $-6.4M | $12.3M | ||
| Q4 24 | $14.1M | $12.5M | ||
| Q3 24 | $-1.9M | $13.3M | ||
| Q2 24 | $-185.0K | $35.8M |
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | -7.6% | ||
| Q3 25 | 0.4% | 6.6% | ||
| Q2 25 | 1.0% | -23.5% | ||
| Q1 25 | -3.0% | 15.4% | ||
| Q4 24 | 5.3% | 11.6% | ||
| Q3 24 | -0.9% | 13.0% | ||
| Q2 24 | -0.1% | 36.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 4.8% | ||
| Q3 25 | 0.7% | 7.7% | ||
| Q2 25 | 0.4% | 11.0% | ||
| Q1 25 | 0.3% | 4.0% | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 1.0% | 2.3% | ||
| Q2 24 | 0.7% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.33× | -0.50× | ||
| Q3 25 | 1.90× | 1.63× | ||
| Q2 25 | 0.63× | -1.00× | ||
| Q1 25 | -2.26× | — | ||
| Q4 24 | 2.43× | 1.79× | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.26× | 3.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
SHLS
Segment breakdown not available.
