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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and BRAND HOUSE COLLECTIVE, INC. (TBHC). 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 $103.5M, roughly 1.4× BRAND HOUSE COLLECTIVE, INC.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs -3.6%, a 9.1% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs -9.6%). Shoals Technologies Group, Inc. produced more free cash flow last quarter ($-11.3M vs $-26.8M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs -21.0%).
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.
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
SHLS vs TBHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $103.5M |
| Net Profit | $8.1M | $-3.7M |
| Gross Margin | 31.6% | 20.4% |
| Operating Margin | 11.7% | -1.9% |
| Net Margin | 5.5% | -3.6% |
| Revenue YoY | 38.6% | -9.6% |
| Net Profit YoY | 3.9% | 51.8% |
| EPS (diluted) | $0.05 | $-0.16 |
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 | $103.5M | ||
| Q3 25 | $135.8M | $75.8M | ||
| Q2 25 | $110.8M | $81.5M | ||
| Q1 25 | $80.4M | $148.9M | ||
| Q4 24 | $107.0M | $114.4M | ||
| Q3 24 | $102.2M | $86.3M | ||
| Q2 24 | $99.2M | $91.8M | ||
| Q1 24 | $90.8M | $165.9M |
| Q4 25 | $8.1M | $-3.7M | ||
| Q3 25 | $11.9M | $-20.2M | ||
| Q2 25 | $13.9M | $-11.8M | ||
| Q1 25 | $-282.0K | $7.9M | ||
| Q4 24 | $7.8M | $-7.7M | ||
| Q3 24 | $-267.0K | $-14.5M | ||
| Q2 24 | $11.8M | $-8.8M | ||
| Q1 24 | $4.8M | $10.1M |
| Q4 25 | 31.6% | 20.4% | ||
| Q3 25 | 37.0% | 16.3% | ||
| Q2 25 | 37.2% | 24.9% | ||
| Q1 25 | 35.0% | 30.3% | ||
| Q4 24 | 37.6% | 28.1% | ||
| Q3 24 | 24.8% | 20.5% | ||
| Q2 24 | 40.3% | 29.5% | ||
| Q1 24 | 40.2% | 32.0% |
| Q4 25 | 11.7% | -1.9% | ||
| Q3 25 | 13.7% | -24.7% | ||
| Q2 25 | 14.4% | -12.9% | ||
| Q1 25 | 5.4% | 6.2% | ||
| Q4 24 | 15.4% | -2.1% | ||
| Q3 24 | 4.4% | -15.4% | ||
| Q2 24 | 18.7% | -8.2% | ||
| Q1 24 | 12.8% | 6.4% |
| Q4 25 | 5.5% | -3.6% | ||
| Q3 25 | 8.7% | -26.6% | ||
| Q2 25 | 12.5% | -14.5% | ||
| Q1 25 | -0.4% | 5.3% | ||
| Q4 24 | 7.3% | -6.7% | ||
| Q3 24 | -0.3% | -16.8% | ||
| Q2 24 | 11.9% | -9.6% | ||
| Q1 24 | 5.3% | 6.1% |
| Q4 25 | $0.05 | $-0.16 | ||
| Q3 25 | $0.07 | $-0.90 | ||
| Q2 25 | $0.08 | $-0.54 | ||
| Q1 25 | $0.00 | $0.61 | ||
| Q4 24 | $0.04 | $-0.59 | ||
| Q3 24 | $0.00 | $-1.11 | ||
| Q2 24 | $0.07 | $-0.68 | ||
| Q1 24 | $0.03 | $0.80 |
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 | $6.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $600.0M | $-44.0M |
| Total Assets | $904.1M | $229.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | $6.5M | ||
| Q3 25 | $8.6M | $3.6M | ||
| Q2 25 | $4.7M | $3.5M | ||
| Q1 25 | $35.6M | $3.8M | ||
| Q4 24 | $23.5M | $6.8M | ||
| Q3 24 | $11.1M | $4.5M | ||
| Q2 24 | $3.2M | $3.8M | ||
| Q1 24 | $15.2M | $3.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $141.8M | $64.0M | ||
| Q4 24 | $141.8M | $85.8M | ||
| Q3 24 | $141.8M | $61.4M | ||
| Q2 24 | $146.8M | $47.5M | ||
| Q1 24 | $168.8M | $34.0M |
| Q4 25 | $600.0M | $-44.0M | ||
| Q3 25 | $589.6M | $-35.2M | ||
| Q2 25 | $575.4M | $-16.2M | ||
| Q1 25 | $558.9M | $-19.0M | ||
| Q4 24 | $556.8M | $-27.1M | ||
| Q3 24 | $545.2M | $-19.7M | ||
| Q2 24 | $544.6M | $-5.5M | ||
| Q1 24 | $554.0M | $3.1M |
| Q4 25 | $904.1M | $229.2M | ||
| Q3 25 | $851.8M | $221.9M | ||
| Q2 25 | $795.0M | $225.4M | ||
| Q1 25 | $788.4M | $242.2M | ||
| Q4 24 | $793.1M | $279.8M | ||
| Q3 24 | $801.3M | $266.2M | ||
| Q2 24 | $788.4M | $242.6M | ||
| Q1 24 | $825.3M | $250.6M |
| 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× | 10.88× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $-11.3M | $-26.8M |
| FCF MarginFCF / Revenue | -7.6% | -25.9% |
| Capex IntensityCapex / Revenue | 4.8% | 0.9% |
| Cash ConversionOCF / Net Profit | -0.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | $-18.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.1M | $-25.9M | ||
| Q3 25 | $19.4M | $-7.0M | ||
| Q2 25 | $-13.8M | $-3.1M | ||
| Q1 25 | $15.6M | $19.8M | ||
| Q4 24 | $14.0M | $-12.6M | ||
| Q3 24 | $15.7M | $-12.7M | ||
| Q2 24 | $37.8M | $-13.7M | ||
| Q1 24 | $12.9M | $28.2M |
| Q4 25 | $-11.3M | $-26.8M | ||
| Q3 25 | $9.0M | $-7.4M | ||
| Q2 25 | $-26.0M | $-3.6M | ||
| Q1 25 | $12.3M | $19.0M | ||
| Q4 24 | $12.5M | $-13.1M | ||
| Q3 24 | $13.3M | $-13.2M | ||
| Q2 24 | $35.8M | $-14.4M | ||
| Q1 24 | $10.4M | $26.7M |
| Q4 25 | -7.6% | -25.9% | ||
| Q3 25 | 6.6% | -9.8% | ||
| Q2 25 | -23.5% | -4.5% | ||
| Q1 25 | 15.4% | 12.8% | ||
| Q4 24 | 11.6% | -11.5% | ||
| Q3 24 | 13.0% | -15.2% | ||
| Q2 24 | 36.1% | -15.7% | ||
| Q1 24 | 11.4% | 16.1% |
| Q4 25 | 4.8% | 0.9% | ||
| Q3 25 | 7.7% | 0.6% | ||
| Q2 25 | 11.0% | 0.7% | ||
| Q1 25 | 4.0% | 0.5% | ||
| Q4 24 | 1.4% | 0.4% | ||
| Q3 24 | 2.3% | 0.5% | ||
| Q2 24 | 2.0% | 0.8% | ||
| Q1 24 | 2.7% | 0.9% |
| Q4 25 | -0.50× | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | -1.00× | — | ||
| Q1 25 | — | 2.51× | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.21× | — | ||
| Q1 24 | 2.69× | 2.79× |
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% |
TBHC
Segment breakdown not available.
