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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and Stock Yards Bancorp, Inc. (SYBT). 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 $104.4M, roughly 1.4× Stock Yards Bancorp, Inc.). Stock Yards Bancorp, Inc. runs the higher net margin — 35.1% vs 5.5%, a 29.6% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 11.7%). Stock Yards Bancorp, Inc. produced more free cash flow last quarter ($154.0M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 11.9%).

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.

Community Trust Bancorp is an American regional bank holding company that was founded in 1903 as Pikeville National Bank. The renamed corporation continues to have its headquarters in Pikeville, Kentucky, at the heart of Appalachia. Community Trust Bancorp operates a commercial bank, Community Trust Bank, and a trust company, Community Trust and Investment Company of Lexington.

SHLS vs SYBT — Head-to-Head

Bigger by revenue
SHLS
SHLS
1.4× larger
SHLS
$148.3M
$104.4M
SYBT
Growing faster (revenue YoY)
SHLS
SHLS
+27.0% gap
SHLS
38.6%
11.7%
SYBT
Higher net margin
SYBT
SYBT
29.6% more per $
SYBT
35.1%
5.5%
SHLS
More free cash flow
SYBT
SYBT
$165.3M more FCF
SYBT
$154.0M
$-11.3M
SHLS
Faster 2-yr revenue CAGR
SHLS
SHLS
Annualised
SHLS
27.8%
11.9%
SYBT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SHLS
SHLS
SYBT
SYBT
Revenue
$148.3M
$104.4M
Net Profit
$8.1M
$36.6M
Gross Margin
31.6%
Operating Margin
11.7%
45.9%
Net Margin
5.5%
35.1%
Revenue YoY
38.6%
11.7%
Net Profit YoY
3.9%
15.5%
EPS (diluted)
$0.05
$1.24

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
SHLS
SHLS
SYBT
SYBT
Q4 25
$148.3M
$104.4M
Q3 25
$135.8M
$101.5M
Q2 25
$110.8M
$97.8M
Q1 25
$80.4M
$93.5M
Q4 24
$107.0M
$93.5M
Q3 24
$102.2M
$89.8M
Q2 24
$99.2M
$85.7M
Q1 24
$90.8M
$83.3M
Net Profit
SHLS
SHLS
SYBT
SYBT
Q4 25
$8.1M
$36.6M
Q3 25
$11.9M
$36.2M
Q2 25
$13.9M
$34.0M
Q1 25
$-282.0K
$33.3M
Q4 24
$7.8M
$31.7M
Q3 24
$-267.0K
$29.4M
Q2 24
$11.8M
$27.6M
Q1 24
$4.8M
$25.9M
Gross Margin
SHLS
SHLS
SYBT
SYBT
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%
Operating Margin
SHLS
SHLS
SYBT
SYBT
Q4 25
11.7%
45.9%
Q3 25
13.7%
45.0%
Q2 25
14.4%
43.9%
Q1 25
5.4%
44.5%
Q4 24
15.4%
41.9%
Q3 24
4.4%
41.2%
Q2 24
18.7%
41.2%
Q1 24
12.8%
39.5%
Net Margin
SHLS
SHLS
SYBT
SYBT
Q4 25
5.5%
35.1%
Q3 25
8.7%
35.7%
Q2 25
12.5%
34.8%
Q1 25
-0.4%
35.6%
Q4 24
7.3%
33.9%
Q3 24
-0.3%
32.7%
Q2 24
11.9%
32.2%
Q1 24
5.3%
31.1%
EPS (diluted)
SHLS
SHLS
SYBT
SYBT
Q4 25
$0.05
$1.24
Q3 25
$0.07
$1.23
Q2 25
$0.08
$1.15
Q1 25
$0.00
$1.13
Q4 24
$0.04
$1.07
Q3 24
$0.00
$1.00
Q2 24
$0.07
$0.94
Q1 24
$0.03
$0.88

Balance Sheet & Financial Strength

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

Metric
SHLS
SHLS
SYBT
SYBT
Cash + ST InvestmentsLiquidity on hand
$7.3M
Total DebtLower is stronger
$26.8M
Stockholders' EquityBook value
$600.0M
$1.1B
Total Assets
$904.1M
$9.5B
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SHLS
SHLS
SYBT
SYBT
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
Q1 24
$15.2M
Total Debt
SHLS
SHLS
SYBT
SYBT
Q4 25
$26.8M
Q3 25
$26.8M
Q2 25
Q1 25
$141.8M
$26.8M
Q4 24
$141.8M
$26.8M
Q3 24
$141.8M
$26.8M
Q2 24
$146.8M
$26.8M
Q1 24
$168.8M
$26.8M
Stockholders' Equity
SHLS
SHLS
SYBT
SYBT
Q4 25
$600.0M
$1.1B
Q3 25
$589.6M
$1.0B
Q2 25
$575.4M
$1.0B
Q1 25
$558.9M
$975.5M
Q4 24
$556.8M
$940.5M
Q3 24
$545.2M
$934.1M
Q2 24
$544.6M
$894.5M
Q1 24
$554.0M
$874.7M
Total Assets
SHLS
SHLS
SYBT
SYBT
Q4 25
$904.1M
$9.5B
Q3 25
$851.8M
$9.3B
Q2 25
$795.0M
$9.2B
Q1 25
$788.4M
$9.0B
Q4 24
$793.1M
$8.9B
Q3 24
$801.3M
$8.4B
Q2 24
$788.4M
$8.3B
Q1 24
$825.3M
$8.1B
Debt / Equity
SHLS
SHLS
SYBT
SYBT
Q4 25
0.02×
Q3 25
0.03×
Q2 25
Q1 25
0.25×
0.03×
Q4 24
0.25×
0.03×
Q3 24
0.26×
0.03×
Q2 24
0.27×
0.03×
Q1 24
0.30×
0.03×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SHLS
SHLS
SYBT
SYBT
Operating Cash FlowLast quarter
$-4.1M
$166.0M
Free Cash FlowOCF − Capex
$-11.3M
$154.0M
FCF MarginFCF / Revenue
-7.6%
147.5%
Capex IntensityCapex / Revenue
4.8%
11.5%
Cash ConversionOCF / Net Profit
-0.50×
4.54×
TTM Free Cash FlowTrailing 4 quarters
$-16.0M
$260.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SHLS
SHLS
SYBT
SYBT
Q4 25
$-4.1M
$166.0M
Q3 25
$19.4M
$38.2M
Q2 25
$-13.8M
$55.9M
Q1 25
$15.6M
$19.8M
Q4 24
$14.0M
$142.9M
Q3 24
$15.7M
$55.4M
Q2 24
$37.8M
$51.1M
Q1 24
$12.9M
$17.4M
Free Cash Flow
SHLS
SHLS
SYBT
SYBT
Q4 25
$-11.3M
$154.0M
Q3 25
$9.0M
$35.2M
Q2 25
$-26.0M
$53.5M
Q1 25
$12.3M
$17.8M
Q4 24
$12.5M
$133.0M
Q3 24
$13.3M
$53.9M
Q2 24
$35.8M
$47.9M
Q1 24
$10.4M
$15.6M
FCF Margin
SHLS
SHLS
SYBT
SYBT
Q4 25
-7.6%
147.5%
Q3 25
6.6%
34.6%
Q2 25
-23.5%
54.7%
Q1 25
15.4%
19.1%
Q4 24
11.6%
142.3%
Q3 24
13.0%
60.0%
Q2 24
36.1%
55.9%
Q1 24
11.4%
18.7%
Capex Intensity
SHLS
SHLS
SYBT
SYBT
Q4 25
4.8%
11.5%
Q3 25
7.7%
3.0%
Q2 25
11.0%
2.5%
Q1 25
4.0%
2.1%
Q4 24
1.4%
10.5%
Q3 24
2.3%
1.7%
Q2 24
2.0%
3.8%
Q1 24
2.7%
2.2%
Cash Conversion
SHLS
SHLS
SYBT
SYBT
Q4 25
-0.50×
4.54×
Q3 25
1.63×
1.05×
Q2 25
-1.00×
1.64×
Q1 25
0.59×
Q4 24
1.79×
4.51×
Q3 24
1.89×
Q2 24
3.21×
1.85×
Q1 24
2.69×
0.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SHLS
SHLS

System Solutions$122.0M82%
Components$26.3M18%

SYBT
SYBT

Segment breakdown not available.

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