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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and Service Properties Trust (SVC). Click either name above to swap in a different company.
Service Properties Trust is the larger business by last-quarter revenue ($296.5M vs $148.3M, roughly 2.0× Shoals Technologies Group, Inc.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs -0.3%, a 5.7% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs -17.0%). Shoals Technologies Group, Inc. produced more free cash flow last quarter ($-11.3M vs $-95.2M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs -6.1%).
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.
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
SHLS vs SVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $296.5M |
| Net Profit | $8.1M | $-782.0K |
| Gross Margin | 31.6% | — |
| Operating Margin | 11.7% | -3.9% |
| Net Margin | 5.5% | -0.3% |
| Revenue YoY | 38.6% | -17.0% |
| Net Profit YoY | 3.9% | 99.0% |
| EPS (diluted) | $0.05 | $-0.01 |
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 | $296.5M | ||
| Q3 25 | $135.8M | $377.6M | ||
| Q2 25 | $110.8M | $404.4M | ||
| Q1 25 | $80.4M | $335.0M | ||
| Q4 24 | $107.0M | $357.0M | ||
| Q3 24 | $102.2M | $390.9M | ||
| Q2 24 | $99.2M | $412.5M | ||
| Q1 24 | $90.8M | $336.2M |
| Q4 25 | $8.1M | $-782.0K | ||
| Q3 25 | $11.9M | $-46.9M | ||
| Q2 25 | $13.9M | $-38.2M | ||
| Q1 25 | $-282.0K | $-116.4M | ||
| Q4 24 | $7.8M | $-76.4M | ||
| Q3 24 | $-267.0K | $-46.9M | ||
| Q2 24 | $11.8M | $-73.8M | ||
| Q1 24 | $4.8M | $-78.4M |
| 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% | -3.9% | ||
| Q3 25 | 13.7% | -12.8% | ||
| Q2 25 | 14.4% | -9.2% | ||
| Q1 25 | 5.4% | -33.3% | ||
| Q4 24 | 15.4% | -19.4% | ||
| Q3 24 | 4.4% | -12.8% | ||
| Q2 24 | 18.7% | -17.1% | ||
| Q1 24 | 12.8% | -21.4% |
| Q4 25 | 5.5% | -0.3% | ||
| Q3 25 | 8.7% | -12.4% | ||
| Q2 25 | 12.5% | -9.4% | ||
| Q1 25 | -0.4% | -34.8% | ||
| Q4 24 | 7.3% | -21.4% | ||
| Q3 24 | -0.3% | -12.0% | ||
| Q2 24 | 11.9% | -17.9% | ||
| Q1 24 | 5.3% | -23.3% |
| Q4 25 | $0.05 | $-0.01 | ||
| Q3 25 | $0.07 | $-0.28 | ||
| Q2 25 | $0.08 | $-0.23 | ||
| Q1 25 | $0.00 | $-0.70 | ||
| Q4 24 | $0.04 | $-0.46 | ||
| Q3 24 | $0.00 | $-0.28 | ||
| Q2 24 | $0.07 | $-0.45 | ||
| Q1 24 | $0.03 | $-0.48 |
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 | $346.8M |
| Total DebtLower is stronger | — | $5.5B |
| Stockholders' EquityBook value | $600.0M | $646.1M |
| Total Assets | $904.1M | $6.5B |
| Debt / EquityLower = less leverage | — | 8.52× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | $346.8M | ||
| Q3 25 | $8.6M | $417.4M | ||
| Q2 25 | $4.7M | $63.2M | ||
| Q1 25 | $35.6M | $80.1M | ||
| Q4 24 | $23.5M | $143.5M | ||
| Q3 24 | $11.1M | $48.6M | ||
| Q2 24 | $3.2M | $14.6M | ||
| Q1 24 | $15.2M | $71.3M |
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $141.8M | — | ||
| Q4 24 | $141.8M | $5.8B | ||
| Q3 24 | $141.8M | — | ||
| Q2 24 | $146.8M | — | ||
| Q1 24 | $168.8M | — |
| Q4 25 | $600.0M | $646.1M | ||
| Q3 25 | $589.6M | $647.9M | ||
| Q2 25 | $575.4M | $695.9M | ||
| Q1 25 | $558.9M | $734.6M | ||
| Q4 24 | $556.8M | $851.9M | ||
| Q3 24 | $545.2M | $929.0M | ||
| Q2 24 | $544.6M | $1.0B | ||
| Q1 24 | $554.0M | $1.1B |
| Q4 25 | $904.1M | $6.5B | ||
| Q3 25 | $851.8M | $7.0B | ||
| Q2 25 | $795.0M | $6.9B | ||
| Q1 25 | $788.4M | $7.0B | ||
| Q4 24 | $793.1M | $7.1B | ||
| Q3 24 | $801.3M | $7.1B | ||
| Q2 24 | $788.4M | $7.1B | ||
| Q1 24 | $825.3M | $7.2B |
| Q4 25 | — | 8.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.25× | 6.85× | ||
| 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 | $-18.5M |
| Free Cash FlowOCF − Capex | $-11.3M | $-95.2M |
| FCF MarginFCF / Revenue | -7.6% | -32.1% |
| Capex IntensityCapex / Revenue | 4.8% | 25.9% |
| Cash ConversionOCF / Net Profit | -0.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | $-107.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.1M | $-18.5M | ||
| Q3 25 | $19.4M | $98.1M | ||
| Q2 25 | $-13.8M | $-7.0K | ||
| Q1 25 | $15.6M | $38.2M | ||
| Q4 24 | $14.0M | $-9.7M | ||
| Q3 24 | $15.7M | $106.2M | ||
| Q2 24 | $37.8M | $43.8M | ||
| Q1 24 | $12.9M | $-926.0K |
| Q4 25 | $-11.3M | $-95.2M | ||
| Q3 25 | $9.0M | $57.9M | ||
| Q2 25 | $-26.0M | $-46.6M | ||
| Q1 25 | $12.3M | $-23.2M | ||
| Q4 24 | $12.5M | $-88.9M | ||
| Q3 24 | $13.3M | $24.1M | ||
| Q2 24 | $35.8M | $-22.3M | ||
| Q1 24 | $10.4M | $-77.2M |
| Q4 25 | -7.6% | -32.1% | ||
| Q3 25 | 6.6% | 15.3% | ||
| Q2 25 | -23.5% | -11.5% | ||
| Q1 25 | 15.4% | -6.9% | ||
| Q4 24 | 11.6% | -24.9% | ||
| Q3 24 | 13.0% | 6.2% | ||
| Q2 24 | 36.1% | -5.4% | ||
| Q1 24 | 11.4% | -23.0% |
| Q4 25 | 4.8% | 25.9% | ||
| Q3 25 | 7.7% | 10.6% | ||
| Q2 25 | 11.0% | 11.5% | ||
| Q1 25 | 4.0% | 18.3% | ||
| Q4 24 | 1.4% | 22.2% | ||
| Q3 24 | 2.3% | 21.0% | ||
| Q2 24 | 2.0% | 16.0% | ||
| Q1 24 | 2.7% | 22.7% |
| 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% |
SVC
Segment breakdown not available.
