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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and TWIN DISC INC (TWIN). 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 $90.2M, roughly 1.6× TWIN DISC INC). TWIN DISC INC runs the higher net margin — 24.8% vs 5.5%, a 19.3% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 0.3%). TWIN DISC INC produced more free cash flow last quarter ($1.2M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 10.3%).
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.
Twin Disc, Inc. designs, manufactures, and distributes power transmission equipment for a wide range of applications, including marine, off-road vehicle, and industrial. The company was founded in 1918 to manufacture clutches for farm tractors. It is now a worldwide company with subsidiaries or sales offices in Asia, Europe, North America, Oceania, and South America.
SHLS vs TWIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $90.2M |
| Net Profit | $8.1M | $22.4M |
| Gross Margin | 31.6% | 24.8% |
| Operating Margin | 11.7% | 2.3% |
| Net Margin | 5.5% | 24.8% |
| Revenue YoY | 38.6% | 0.3% |
| Net Profit YoY | 3.9% | 2334.3% |
| EPS (diluted) | $0.05 | $1.55 |
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 | $90.2M | ||
| Q3 25 | $135.8M | $80.0M | ||
| Q2 25 | $110.8M | $96.7M | ||
| Q1 25 | $80.4M | $81.2M | ||
| Q4 24 | $107.0M | $89.9M | ||
| Q3 24 | $102.2M | $72.9M | ||
| Q2 24 | $99.2M | $84.4M | ||
| Q1 24 | $90.8M | $74.2M |
| Q4 25 | $8.1M | $22.4M | ||
| Q3 25 | $11.9M | $-518.0K | ||
| Q2 25 | $13.9M | $1.4M | ||
| Q1 25 | $-282.0K | $-1.5M | ||
| Q4 24 | $7.8M | $919.0K | ||
| Q3 24 | $-267.0K | $-2.8M | ||
| Q2 24 | $11.8M | $7.4M | ||
| Q1 24 | $4.8M | $3.8M |
| Q4 25 | 31.6% | 24.8% | ||
| Q3 25 | 37.0% | 28.7% | ||
| Q2 25 | 37.2% | 31.0% | ||
| Q1 25 | 35.0% | 26.7% | ||
| Q4 24 | 37.6% | 24.1% | ||
| Q3 24 | 24.8% | 26.5% | ||
| Q2 24 | 40.3% | 29.7% | ||
| Q1 24 | 40.2% | 28.2% |
| Q4 25 | 11.7% | 2.3% | ||
| Q3 25 | 13.7% | 2.8% | ||
| Q2 25 | 14.4% | 5.5% | ||
| Q1 25 | 5.4% | 2.4% | ||
| Q4 24 | 15.4% | 3.1% | ||
| Q3 24 | 4.4% | -0.2% | ||
| Q2 24 | 18.7% | 5.6% | ||
| Q1 24 | 12.8% | 4.9% |
| Q4 25 | 5.5% | 24.8% | ||
| Q3 25 | 8.7% | -0.6% | ||
| Q2 25 | 12.5% | 1.5% | ||
| Q1 25 | -0.4% | -1.8% | ||
| Q4 24 | 7.3% | 1.0% | ||
| Q3 24 | -0.3% | -3.8% | ||
| Q2 24 | 11.9% | 8.8% | ||
| Q1 24 | 5.3% | 5.2% |
| Q4 25 | $0.05 | $1.55 | ||
| Q3 25 | $0.07 | $-0.04 | ||
| Q2 25 | $0.08 | $0.10 | ||
| Q1 25 | $0.00 | $-0.11 | ||
| Q4 24 | $0.04 | $0.07 | ||
| Q3 24 | $0.00 | $-0.20 | ||
| Q2 24 | $0.07 | $0.54 | ||
| Q1 24 | $0.03 | $0.27 |
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 | — |
| Total DebtLower is stronger | — | $44.5M |
| Stockholders' EquityBook value | $600.0M | $184.5M |
| Total Assets | $904.1M | $384.0M |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | $44.5M | ||
| Q3 25 | — | $43.7M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | $141.8M | $40.8M | ||
| Q4 24 | $141.8M | $24.9M | ||
| Q3 24 | $141.8M | $29.8M | ||
| Q2 24 | $146.8M | $25.8M | ||
| Q1 24 | $168.8M | $17.0M |
| Q4 25 | $600.0M | $184.5M | ||
| Q3 25 | $589.6M | $160.3M | ||
| Q2 25 | $575.4M | $164.0M | ||
| Q1 25 | $558.9M | $149.5M | ||
| Q4 24 | $556.8M | $147.0M | ||
| Q3 24 | $545.2M | $157.5M | ||
| Q2 24 | $544.6M | $154.7M | ||
| Q1 24 | $554.0M | $146.3M |
| Q4 25 | $904.1M | $384.0M | ||
| Q3 25 | $851.8M | $363.5M | ||
| Q2 25 | $795.0M | $355.6M | ||
| Q1 25 | $788.4M | $332.9M | ||
| Q4 24 | $793.1M | $307.4M | ||
| Q3 24 | $801.3M | $323.5M | ||
| Q2 24 | $788.4M | $312.1M | ||
| Q1 24 | $825.3M | $288.8M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | 0.25× | 0.27× | ||
| Q4 24 | 0.25× | 0.17× | ||
| Q3 24 | 0.26× | 0.19× | ||
| Q2 24 | 0.27× | 0.17× | ||
| Q1 24 | 0.30× | 0.12× |
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 | $4.6M |
| Free Cash FlowOCF − Capex | $-11.3M | $1.2M |
| FCF MarginFCF / Revenue | -7.6% | 1.4% |
| Capex IntensityCapex / Revenue | 4.8% | 3.7% |
| Cash ConversionOCF / Net Profit | -0.50× | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | $-70.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.1M | $4.6M | ||
| Q3 25 | $19.4M | $-7.5M | ||
| Q2 25 | $-13.8M | $16.4M | ||
| Q1 25 | $15.6M | $3.2M | ||
| Q4 24 | $14.0M | $8.7M | ||
| Q3 24 | $15.7M | $-4.3M | ||
| Q2 24 | $37.8M | $11.4M | ||
| Q1 24 | $12.9M | $6.2M |
| Q4 25 | $-11.3M | $1.2M | ||
| Q3 25 | $9.0M | $-11.0M | ||
| Q2 25 | $-26.0M | $8.7M | ||
| Q1 25 | $12.3M | $906.0K | ||
| Q4 24 | $12.5M | $5.9M | ||
| Q3 24 | $13.3M | $-6.7M | ||
| Q2 24 | $35.8M | $10.3M | ||
| Q1 24 | $10.4M | $4.0M |
| Q4 25 | -7.6% | 1.4% | ||
| Q3 25 | 6.6% | -13.7% | ||
| Q2 25 | -23.5% | 9.0% | ||
| Q1 25 | 15.4% | 1.1% | ||
| Q4 24 | 11.6% | 6.5% | ||
| Q3 24 | 13.0% | -9.2% | ||
| Q2 24 | 36.1% | 12.2% | ||
| Q1 24 | 11.4% | 5.5% |
| Q4 25 | 4.8% | 3.7% | ||
| Q3 25 | 7.7% | 4.3% | ||
| Q2 25 | 11.0% | 8.0% | ||
| Q1 25 | 4.0% | 2.8% | ||
| Q4 24 | 1.4% | 3.1% | ||
| Q3 24 | 2.3% | 3.2% | ||
| Q2 24 | 2.0% | 1.3% | ||
| Q1 24 | 2.7% | 2.9% |
| Q4 25 | -0.50× | 0.20× | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | -1.00× | 11.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.79× | 9.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.21× | 1.54× | ||
| Q1 24 | 2.69× | 1.63× |
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% |
TWIN
Segment breakdown not available.
