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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and STRATASYS LTD. (SSYS). 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 $137.0M, roughly 1.1× STRATASYS LTD.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs -40.6%, a 46.1% 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%). STRATASYS LTD. produced more free cash flow last quarter ($2.5M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs -7.4%).
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.
Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.
SHLS vs SSYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $137.0M |
| Net Profit | $8.1M | $-55.6M |
| Gross Margin | 31.6% | 41.0% |
| Operating Margin | 11.7% | -16.6% |
| Net Margin | 5.5% | -40.6% |
| Revenue YoY | 38.6% | -2.2% |
| Net Profit YoY | 3.9% | -109.0% |
| EPS (diluted) | $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 | $148.3M | — | ||
| Q3 25 | $135.8M | $137.0M | ||
| Q2 25 | $110.8M | $138.1M | ||
| Q1 25 | $80.4M | $136.0M | ||
| Q4 24 | $107.0M | — | ||
| Q3 24 | $102.2M | $140.0M | ||
| Q2 24 | $99.2M | $138.0M | ||
| Q1 24 | $90.8M | $144.1M |
| Q4 25 | $8.1M | — | ||
| Q3 25 | $11.9M | $-55.6M | ||
| Q2 25 | $13.9M | $-16.7M | ||
| Q1 25 | $-282.0K | $-13.1M | ||
| Q4 24 | $7.8M | — | ||
| Q3 24 | $-267.0K | $-26.6M | ||
| Q2 24 | $11.8M | $-25.7M | ||
| Q1 24 | $4.8M | $-26.0M |
| Q4 25 | 31.6% | — | ||
| Q3 25 | 37.0% | 41.0% | ||
| Q2 25 | 37.2% | 43.1% | ||
| Q1 25 | 35.0% | 44.3% | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 24.8% | 44.8% | ||
| Q2 24 | 40.3% | 43.8% | ||
| Q1 24 | 40.2% | 44.4% |
| Q4 25 | 11.7% | — | ||
| Q3 25 | 13.7% | -16.6% | ||
| Q2 25 | 14.4% | -12.0% | ||
| Q1 25 | 5.4% | -9.1% | ||
| Q4 24 | 15.4% | — | ||
| Q3 24 | 4.4% | -18.2% | ||
| Q2 24 | 18.7% | -18.9% | ||
| Q1 24 | 12.8% | -17.0% |
| Q4 25 | 5.5% | — | ||
| Q3 25 | 8.7% | -40.6% | ||
| Q2 25 | 12.5% | -12.1% | ||
| Q1 25 | -0.4% | -9.6% | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | -0.3% | -19.0% | ||
| Q2 24 | 11.9% | -18.6% | ||
| Q1 24 | 5.3% | -18.0% |
| Q4 25 | $0.05 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.08 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $0.04 | — | ||
| Q3 24 | $0.00 | — | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $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 | $7.3M | $71.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $600.0M | $852.5M |
| Total Assets | $904.1M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | — | ||
| Q3 25 | $8.6M | $71.5M | ||
| Q2 25 | $4.7M | $71.1M | ||
| Q1 25 | $35.6M | $70.1M | ||
| Q4 24 | $23.5M | — | ||
| Q3 24 | $11.1M | $64.0M | ||
| Q2 24 | $3.2M | $70.9M | ||
| Q1 24 | $15.2M | $91.1M |
| 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 | $600.0M | — | ||
| Q3 25 | $589.6M | $852.5M | ||
| Q2 25 | $575.4M | $902.4M | ||
| Q1 25 | $558.9M | $784.8M | ||
| Q4 24 | $556.8M | — | ||
| Q3 24 | $545.2M | $831.8M | ||
| Q2 24 | $544.6M | $850.5M | ||
| Q1 24 | $554.0M | $866.1M |
| Q4 25 | $904.1M | — | ||
| Q3 25 | $851.8M | $1.1B | ||
| Q2 25 | $795.0M | $1.1B | ||
| Q1 25 | $788.4M | $1.0B | ||
| Q4 24 | $793.1M | — | ||
| Q3 24 | $801.3M | $1.1B | ||
| Q2 24 | $788.4M | $1.1B | ||
| Q1 24 | $825.3M | $1.1B |
| 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 | $-4.1M | $6.9M |
| Free Cash FlowOCF − Capex | $-11.3M | $2.5M |
| FCF MarginFCF / Revenue | -7.6% | 1.8% |
| Capex IntensityCapex / Revenue | 4.8% | 3.2% |
| Cash ConversionOCF / Net Profit | -0.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | $-11.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.1M | — | ||
| Q3 25 | $19.4M | $6.9M | ||
| Q2 25 | $-13.8M | $-1.1M | ||
| Q1 25 | $15.6M | $4.5M | ||
| Q4 24 | $14.0M | — | ||
| Q3 24 | $15.7M | $-4.5M | ||
| Q2 24 | $37.8M | $-2.4M | ||
| Q1 24 | $12.9M | $7.3M |
| Q4 25 | $-11.3M | — | ||
| Q3 25 | $9.0M | $2.5M | ||
| Q2 25 | $-26.0M | $-8.4M | ||
| Q1 25 | $12.3M | $789.0K | ||
| Q4 24 | $12.5M | — | ||
| Q3 24 | $13.3M | $-6.3M | ||
| Q2 24 | $35.8M | $-4.9M | ||
| Q1 24 | $10.4M | $5.0M |
| Q4 25 | -7.6% | — | ||
| Q3 25 | 6.6% | 1.8% | ||
| Q2 25 | -23.5% | -6.1% | ||
| Q1 25 | 15.4% | 0.6% | ||
| Q4 24 | 11.6% | — | ||
| Q3 24 | 13.0% | -4.5% | ||
| Q2 24 | 36.1% | -3.6% | ||
| Q1 24 | 11.4% | 3.5% |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 7.7% | 3.2% | ||
| Q2 25 | 11.0% | 5.3% | ||
| Q1 25 | 4.0% | 2.8% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 2.3% | 1.3% | ||
| Q2 24 | 2.0% | 1.8% | ||
| Q1 24 | 2.7% | 1.6% |
| Q4 25 | -0.50× | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | -1.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.21× | — | ||
| Q1 24 | 2.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
SSYS
Segment breakdown not available.
