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Side-by-side financial comparison of ServisFirst Bancshares, Inc. (SFBS) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.

ServisFirst Bancshares, Inc. is the larger business by last-quarter revenue ($159.0M vs $148.3M, roughly 1.1× Shoals Technologies Group, Inc.). ServisFirst Bancshares, Inc. runs the higher net margin — 52.2% vs 5.5%, a 46.7% gap on every dollar of revenue. Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 17.7%).

ServisFirst Bancshares, Inc. is a U.S.-based bank holding company operating full-service banking locations primarily across the Southeastern United States. It offers a full suite of commercial banking, consumer banking, wealth management, and mortgage lending services to small and medium-sized businesses, professional clients, and individual consumers.

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.

SFBS vs SHLS — Head-to-Head

Bigger by revenue
SFBS
SFBS
1.1× larger
SFBS
$159.0M
$148.3M
SHLS
Higher net margin
SFBS
SFBS
46.7% more per $
SFBS
52.2%
5.5%
SHLS
Faster 2-yr revenue CAGR
SHLS
SHLS
Annualised
SHLS
27.8%
17.7%
SFBS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SFBS
SFBS
SHLS
SHLS
Revenue
$159.0M
$148.3M
Net Profit
$83.0M
$8.1M
Gross Margin
31.6%
Operating Margin
11.7%
Net Margin
52.2%
5.5%
Revenue YoY
38.6%
Net Profit YoY
31.2%
3.9%
EPS (diluted)
$1.52
$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.

Revenue
SFBS
SFBS
SHLS
SHLS
Q1 26
$159.0M
Q4 25
$162.2M
$148.3M
Q3 25
$136.3M
$135.8M
Q2 25
$132.1M
$110.8M
Q1 25
$131.8M
$80.4M
Q4 24
$131.9M
$107.0M
Q3 24
$123.7M
$102.2M
Q2 24
$114.8M
$99.2M
Net Profit
SFBS
SFBS
SHLS
SHLS
Q1 26
$83.0M
Q4 25
$86.4M
$8.1M
Q3 25
$65.6M
$11.9M
Q2 25
$61.4M
$13.9M
Q1 25
$63.2M
$-282.0K
Q4 24
$65.2M
$7.8M
Q3 24
$59.9M
$-267.0K
Q2 24
$52.1M
$11.8M
Gross Margin
SFBS
SFBS
SHLS
SHLS
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%
Operating Margin
SFBS
SFBS
SHLS
SHLS
Q1 26
Q4 25
66.3%
11.7%
Q3 25
57.8%
13.7%
Q2 25
58.0%
14.4%
Q1 25
60.0%
5.4%
Q4 24
60.2%
15.4%
Q3 24
58.5%
4.4%
Q2 24
58.0%
18.7%
Net Margin
SFBS
SFBS
SHLS
SHLS
Q1 26
52.2%
Q4 25
59.0%
5.5%
Q3 25
48.1%
8.7%
Q2 25
46.5%
12.5%
Q1 25
48.0%
-0.4%
Q4 24
52.9%
7.3%
Q3 24
48.4%
-0.3%
Q2 24
45.4%
11.9%
EPS (diluted)
SFBS
SFBS
SHLS
SHLS
Q1 26
$1.52
Q4 25
$1.58
$0.05
Q3 25
$1.20
$0.07
Q2 25
$1.12
$0.08
Q1 25
$1.16
$0.00
Q4 24
$1.19
$0.04
Q3 24
$1.10
$0.00
Q2 24
$0.95
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SFBS
SFBS
SHLS
SHLS
Cash + ST InvestmentsLiquidity on hand
$1.8B
$7.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$600.0M
Total Assets
$18.2B
$904.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SFBS
SFBS
SHLS
SHLS
Q1 26
$1.8B
Q4 25
$7.3M
Q3 25
$8.6M
Q2 25
$4.7M
Q1 25
$35.6M
Q4 24
$23.5M
Q3 24
$11.1M
Q2 24
$3.2M
Total Debt
SFBS
SFBS
SHLS
SHLS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$141.8M
Q4 24
$141.8M
Q3 24
$141.8M
Q2 24
$146.8M
Stockholders' Equity
SFBS
SFBS
SHLS
SHLS
Q1 26
$1.9B
Q4 25
$1.8B
$600.0M
Q3 25
$1.8B
$589.6M
Q2 25
$1.7B
$575.4M
Q1 25
$1.7B
$558.9M
Q4 24
$1.6B
$556.8M
Q3 24
$1.6B
$545.2M
Q2 24
$1.5B
$544.6M
Total Assets
SFBS
SFBS
SHLS
SHLS
Q1 26
$18.2B
Q4 25
$17.7B
$904.1M
Q3 25
$17.6B
$851.8M
Q2 25
$17.4B
$795.0M
Q1 25
$18.6B
$788.4M
Q4 24
$17.4B
$793.1M
Q3 24
$16.4B
$801.3M
Q2 24
$16.0B
$788.4M
Debt / Equity
SFBS
SFBS
SHLS
SHLS
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
SFBS
SFBS
SHLS
SHLS
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.

Operating Cash Flow
SFBS
SFBS
SHLS
SHLS
Q1 26
Q4 25
$355.2M
$-4.1M
Q3 25
$140.9M
$19.4M
Q2 25
$67.6M
$-13.8M
Q1 25
$48.0M
$15.6M
Q4 24
$252.9M
$14.0M
Q3 24
$84.0M
$15.7M
Q2 24
$48.3M
$37.8M
Free Cash Flow
SFBS
SFBS
SHLS
SHLS
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
FCF Margin
SFBS
SFBS
SHLS
SHLS
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%
Capex Intensity
SFBS
SFBS
SHLS
SHLS
Q1 26
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%
Cash Conversion
SFBS
SFBS
SHLS
SHLS
Q1 26
Q4 25
4.11×
-0.50×
Q3 25
2.15×
1.63×
Q2 25
1.10×
-1.00×
Q1 25
0.76×
Q4 24
3.88×
1.79×
Q3 24
1.40×
Q2 24
0.93×
3.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SFBS
SFBS

Net Interest Income$148.1M93%
Noninterest Income$10.8M7%

SHLS
SHLS

System Solutions$122.0M82%
Components$26.3M18%

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