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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and TOOTSIE ROLL INDUSTRIES INC (TR). Click either name above to swap in a different company.
TOOTSIE ROLL INDUSTRIES INC is the larger business by last-quarter revenue ($196.3M vs $148.3M, roughly 1.3× Shoals Technologies Group, Inc.). TOOTSIE ROLL INDUSTRIES INC runs the higher net margin — 14.7% vs 5.5%, a 9.2% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 1.5%). TOOTSIE ROLL INDUSTRIES INC produced more free cash flow last quarter ($61.0M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 13.2%).
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.
Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.
SHLS vs TR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $196.3M |
| Net Profit | $8.1M | $28.8M |
| Gross Margin | 31.6% | 35.7% |
| Operating Margin | 11.7% | 17.0% |
| Net Margin | 5.5% | 14.7% |
| Revenue YoY | 38.6% | 1.5% |
| Net Profit YoY | 3.9% | 27.9% |
| 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 | $196.3M | ||
| Q3 25 | $135.8M | $232.7M | ||
| Q2 25 | $110.8M | $155.1M | ||
| Q1 25 | $80.4M | $148.5M | ||
| Q4 24 | $107.0M | $193.4M | ||
| Q3 24 | $102.2M | $225.9M | ||
| Q2 24 | $99.2M | $150.7M | ||
| Q1 24 | $90.8M | $153.2M |
| Q4 25 | $8.1M | $28.8M | ||
| Q3 25 | $11.9M | $35.7M | ||
| Q2 25 | $13.9M | $17.5M | ||
| Q1 25 | $-282.0K | $18.1M | ||
| Q4 24 | $7.8M | $22.5M | ||
| Q3 24 | $-267.0K | $32.8M | ||
| Q2 24 | $11.8M | $15.6M | ||
| Q1 24 | $4.8M | $15.8M |
| Q4 25 | 31.6% | 35.7% | ||
| Q3 25 | 37.0% | 34.1% | ||
| Q2 25 | 37.2% | 36.4% | ||
| Q1 25 | 35.0% | 35.3% | ||
| Q4 24 | 37.6% | 39.1% | ||
| Q3 24 | 24.8% | 34.1% | ||
| Q2 24 | 40.3% | 33.5% | ||
| Q1 24 | 40.2% | 32.7% |
| Q4 25 | 11.7% | 17.0% | ||
| Q3 25 | 13.7% | 13.9% | ||
| Q2 25 | 14.4% | 7.8% | ||
| Q1 25 | 5.4% | 15.5% | ||
| Q4 24 | 15.4% | 20.0% | ||
| Q3 24 | 4.4% | 15.6% | ||
| Q2 24 | 18.7% | 10.2% | ||
| Q1 24 | 12.8% | 7.3% |
| Q4 25 | 5.5% | 14.7% | ||
| Q3 25 | 8.7% | 15.3% | ||
| Q2 25 | 12.5% | 11.3% | ||
| Q1 25 | -0.4% | 12.2% | ||
| Q4 24 | 7.3% | 11.6% | ||
| Q3 24 | -0.3% | 14.5% | ||
| Q2 24 | 11.9% | 10.4% | ||
| Q1 24 | 5.3% | 10.3% |
| 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 | $176.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $600.0M | $941.0M |
| Total Assets | $904.1M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | $176.6M | ||
| Q3 25 | $8.6M | $119.8M | ||
| Q2 25 | $4.7M | $170.5M | ||
| Q1 25 | $35.6M | $176.6M | ||
| Q4 24 | $23.5M | $194.6M | ||
| Q3 24 | $11.1M | $163.2M | ||
| Q2 24 | $3.2M | $131.2M | ||
| Q1 24 | $15.2M | $159.4M |
| 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 | $941.0M | ||
| Q3 25 | $589.6M | $918.9M | ||
| Q2 25 | $575.4M | $893.1M | ||
| Q1 25 | $558.9M | $879.4M | ||
| Q4 24 | $556.8M | $870.7M | ||
| Q3 24 | $545.2M | $870.2M | ||
| Q2 24 | $544.6M | $841.4M | ||
| Q1 24 | $554.0M | $834.4M |
| Q4 25 | $904.1M | $1.3B | ||
| Q3 25 | $851.8M | $1.2B | ||
| Q2 25 | $795.0M | $1.2B | ||
| Q1 25 | $788.4M | $1.1B | ||
| Q4 24 | $793.1M | $1.1B | ||
| 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 | $73.3M |
| Free Cash FlowOCF − Capex | $-11.3M | $61.0M |
| FCF MarginFCF / Revenue | -7.6% | 31.1% |
| Capex IntensityCapex / Revenue | 4.8% | 6.3% |
| Cash ConversionOCF / Net Profit | -0.50× | 2.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | $96.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.1M | $73.3M | ||
| Q3 25 | $19.4M | $62.2M | ||
| Q2 25 | $-13.8M | $-8.5M | ||
| Q1 25 | $15.6M | $3.6M | ||
| Q4 24 | $14.0M | $68.8M | ||
| Q3 24 | $15.7M | $61.3M | ||
| Q2 24 | $37.8M | $-12.6M | ||
| Q1 24 | $12.9M | $21.4M |
| Q4 25 | $-11.3M | $61.0M | ||
| Q3 25 | $9.0M | $50.7M | ||
| Q2 25 | $-26.0M | $-16.0M | ||
| Q1 25 | $12.3M | $750.0K | ||
| Q4 24 | $12.5M | $64.7M | ||
| Q3 24 | $13.3M | $55.8M | ||
| Q2 24 | $35.8M | $-16.6M | ||
| Q1 24 | $10.4M | $16.9M |
| Q4 25 | -7.6% | 31.1% | ||
| Q3 25 | 6.6% | 21.8% | ||
| Q2 25 | -23.5% | -10.3% | ||
| Q1 25 | 15.4% | 0.5% | ||
| Q4 24 | 11.6% | 33.5% | ||
| Q3 24 | 13.0% | 24.7% | ||
| Q2 24 | 36.1% | -11.0% | ||
| Q1 24 | 11.4% | 11.0% |
| Q4 25 | 4.8% | 6.3% | ||
| Q3 25 | 7.7% | 5.0% | ||
| Q2 25 | 11.0% | 4.8% | ||
| Q1 25 | 4.0% | 1.9% | ||
| Q4 24 | 1.4% | 2.1% | ||
| Q3 24 | 2.3% | 2.4% | ||
| Q2 24 | 2.0% | 2.6% | ||
| Q1 24 | 2.7% | 2.9% |
| Q4 25 | -0.50× | 2.55× | ||
| Q3 25 | 1.63× | 1.74× | ||
| Q2 25 | -1.00× | -0.49× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 1.79× | 3.06× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 3.21× | -0.81× | ||
| Q1 24 | 2.69× | 1.35× |
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% |
TR
| Products | $194.3M | 99% |
| Rental And Royalty | $1.9M | 1% |
