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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and Urban Edge Properties (UE). 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 $132.6M, roughly 1.1× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs 5.5%, a 11.6% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 12.2%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 11.6%).
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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
SHLS vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $132.6M |
| Net Profit | $8.1M | $22.6M |
| Gross Margin | 31.6% | — |
| Operating Margin | 11.7% | — |
| Net Margin | 5.5% | 17.1% |
| Revenue YoY | 38.6% | 12.2% |
| Net Profit YoY | 3.9% | -6.7% |
| EPS (diluted) | $0.05 | $0.18 |
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 | — | $132.6M | ||
| Q4 25 | $148.3M | $119.6M | ||
| Q3 25 | $135.8M | $120.1M | ||
| Q2 25 | $110.8M | $114.1M | ||
| Q1 25 | $80.4M | $118.2M | ||
| Q4 24 | $107.0M | $116.4M | ||
| Q3 24 | $102.2M | $112.4M | ||
| Q2 24 | $99.2M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $8.1M | $12.4M | ||
| Q3 25 | $11.9M | $14.9M | ||
| Q2 25 | $13.9M | $58.0M | ||
| Q1 25 | $-282.0K | $8.2M | ||
| Q4 24 | $7.8M | $30.1M | ||
| Q3 24 | $-267.0K | $9.1M | ||
| Q2 24 | $11.8M | $30.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 11.7% | 11.3% | ||
| Q3 25 | 13.7% | 13.4% | ||
| Q2 25 | 14.4% | 53.9% | ||
| Q1 25 | 5.4% | 7.6% | ||
| Q4 24 | 15.4% | 27.6% | ||
| Q3 24 | 4.4% | 8.9% | ||
| Q2 24 | 18.7% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | 5.5% | 10.4% | ||
| Q3 25 | 8.7% | 12.4% | ||
| Q2 25 | 12.5% | 50.8% | ||
| Q1 25 | -0.4% | 6.9% | ||
| Q4 24 | 7.3% | 25.9% | ||
| Q3 24 | -0.3% | 8.1% | ||
| Q2 24 | 11.9% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.05 | $0.09 | ||
| Q3 25 | $0.07 | $0.12 | ||
| Q2 25 | $0.08 | $0.46 | ||
| Q1 25 | $0.00 | $0.07 | ||
| Q4 24 | $0.04 | $0.25 | ||
| Q3 24 | $0.00 | $0.07 | ||
| Q2 24 | $0.07 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $600.0M | $1.4B |
| Total Assets | $904.1M | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $7.3M | $48.9M | ||
| Q3 25 | $8.6M | $77.8M | ||
| Q2 25 | $4.7M | $53.0M | ||
| Q1 25 | $35.6M | $48.0M | ||
| Q4 24 | $23.5M | $41.4M | ||
| Q3 24 | $11.1M | $67.9M | ||
| Q2 24 | $3.2M | $78.6M |
| 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 | — | $1.4B | ||
| Q4 25 | $600.0M | $1.4B | ||
| Q3 25 | $589.6M | $1.4B | ||
| Q2 25 | $575.4M | $1.4B | ||
| Q1 25 | $558.9M | $1.4B | ||
| Q4 24 | $556.8M | $1.4B | ||
| Q3 24 | $545.2M | $1.3B | ||
| Q2 24 | $544.6M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $904.1M | $3.3B | ||
| Q3 25 | $851.8M | $3.3B | ||
| Q2 25 | $795.0M | $3.3B | ||
| Q1 25 | $788.4M | $3.3B | ||
| Q4 24 | $793.1M | $3.3B | ||
| Q3 24 | $801.3M | $3.2B | ||
| Q2 24 | $788.4M | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.27× | — |
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 | $39.1M |
| Free Cash FlowOCF − Capex | $-11.3M | — |
| FCF MarginFCF / Revenue | -7.6% | — |
| Capex IntensityCapex / Revenue | 4.8% | 1.5% |
| Cash ConversionOCF / Net Profit | -0.50× | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $-4.1M | $182.7M | ||
| Q3 25 | $19.4M | $55.7M | ||
| Q2 25 | $-13.8M | $43.5M | ||
| Q1 25 | $15.6M | $32.6M | ||
| Q4 24 | $14.0M | $153.2M | ||
| Q3 24 | $15.7M | $36.6M | ||
| Q2 24 | $37.8M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-11.3M | $81.8M | ||
| Q3 25 | $9.0M | $26.1M | ||
| Q2 25 | $-26.0M | $19.6M | ||
| Q1 25 | $12.3M | $11.9M | ||
| Q4 24 | $12.5M | $42.5M | ||
| Q3 24 | $13.3M | $12.2M | ||
| Q2 24 | $35.8M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -7.6% | 68.4% | ||
| Q3 25 | 6.6% | 21.7% | ||
| Q2 25 | -23.5% | 17.2% | ||
| Q1 25 | 15.4% | 10.0% | ||
| Q4 24 | 11.6% | 36.6% | ||
| Q3 24 | 13.0% | 10.8% | ||
| Q2 24 | 36.1% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 4.8% | 84.4% | ||
| Q3 25 | 7.7% | 24.6% | ||
| Q2 25 | 11.0% | 20.9% | ||
| Q1 25 | 4.0% | 17.5% | ||
| Q4 24 | 1.4% | 95.1% | ||
| Q3 24 | 2.3% | 21.7% | ||
| Q2 24 | 2.0% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | -0.50× | 14.71× | ||
| Q3 25 | 1.63× | 3.73× | ||
| Q2 25 | -1.00× | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | 1.79× | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | 3.21× | 1.34× |
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% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
