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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and Telesat Corp (TSAT). Click either name above to swap in a different company.
Shoals Technologies Group, Inc. is the larger business by last-quarter revenue ($140.6M vs $73.8M, roughly 1.9× Telesat Corp). Shoals Technologies Group, Inc. runs the higher net margin — -0.2% vs -119.8%, a 119.6% gap on every dollar of revenue. Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (19.0% CAGR vs -64.0%).
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.
Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.
SHLS vs TSAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.6M | $73.8M |
| Net Profit | $-297.0K | $-88.4M |
| Gross Margin | 29.2% | 95.3% |
| Operating Margin | 5.5% | 5.9% |
| Net Margin | -0.2% | -119.8% |
| Revenue YoY | 74.9% | — |
| Net Profit YoY | -5.3% | — |
| EPS (diluted) | $0.00 | — |
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.
| Q1 26 | $140.6M | — | ||
| Q4 25 | $148.3M | — | ||
| Q3 25 | $135.8M | $73.8M | ||
| Q2 25 | $110.8M | $77.5M | ||
| Q1 25 | $80.4M | $152.2M | ||
| Q4 24 | $107.0M | — | ||
| Q3 24 | $102.2M | — | ||
| Q2 24 | $99.2M | $363.2M |
| Q1 26 | $-297.0K | — | ||
| Q4 25 | $8.1M | — | ||
| Q3 25 | $11.9M | $-88.4M | ||
| Q2 25 | $13.9M | $55.1M | ||
| Q1 25 | $-282.0K | $-52.3M | ||
| Q4 24 | $7.8M | — | ||
| Q3 24 | $-267.0K | — | ||
| Q2 24 | $11.8M | $547.4M |
| Q1 26 | 29.2% | — | ||
| Q4 25 | 31.6% | — | ||
| Q3 25 | 37.0% | 95.3% | ||
| Q2 25 | 37.2% | 95.9% | ||
| Q1 25 | 35.0% | — | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 24.8% | — | ||
| Q2 24 | 40.3% | — |
| Q1 26 | 5.5% | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 13.7% | 5.9% | ||
| Q2 25 | 14.4% | 16.8% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 15.4% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 18.7% | — |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 5.5% | — | ||
| Q3 25 | 8.7% | -119.8% | ||
| Q2 25 | 12.5% | 71.2% | ||
| Q1 25 | -0.4% | -34.4% | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | 11.9% | 150.7% |
| Q1 26 | $0.00 | — | ||
| 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 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9M | $352.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $601.6M | $1.6B |
| Total Assets | $1.0B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.9M | — | ||
| Q4 25 | $7.3M | — | ||
| Q3 25 | $8.6M | $352.3M | ||
| Q2 25 | $4.7M | $399.6M | ||
| Q1 25 | $35.6M | $552.1M | ||
| Q4 24 | $23.5M | — | ||
| Q3 24 | $11.1M | — | ||
| Q2 24 | $3.2M | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $141.8M | — | ||
| Q4 24 | $141.8M | — | ||
| Q3 24 | $141.8M | — | ||
| Q2 24 | $146.8M | — |
| Q1 26 | $601.6M | — | ||
| Q4 25 | $600.0M | — | ||
| Q3 25 | $589.6M | $1.6B | ||
| Q2 25 | $575.4M | $1.7B | ||
| Q1 25 | $558.9M | $2.5B | ||
| Q4 24 | $556.8M | — | ||
| Q3 24 | $545.2M | — | ||
| Q2 24 | $544.6M | $2.4B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $904.1M | — | ||
| Q3 25 | $851.8M | $5.1B | ||
| Q2 25 | $795.0M | $4.9B | ||
| Q1 25 | $788.4M | $6.9B | ||
| Q4 24 | $793.1M | — | ||
| Q3 24 | $801.3M | — | ||
| Q2 24 | $788.4M | $6.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.27× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
