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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and Uni-Fuels Holdings Ltd (UFG). 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 $114.6M, roughly 1.3× Uni-Fuels Holdings Ltd). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs 0.1%, a 5.4% gap on every dollar of revenue. Uni-Fuels Holdings Ltd produced more free cash flow last quarter ($-4.7M vs $-11.3M).
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.
Uni-Fuels Holdings Ltd is an Australian energy company focused on the distribution and retail of petroleum products including gasoline, diesel and marine fuels, serving consumer, commercial and industrial clients across Oceania, with a network of retail fuel stations and bulk fuel supply infrastructure.
SHLS vs UFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $114.6M |
| Net Profit | $8.1M | $91.0K |
| Gross Margin | 31.6% | 1.8% |
| Operating Margin | 11.7% | 0.2% |
| Net Margin | 5.5% | 0.1% |
| Revenue YoY | 38.6% | — |
| Net Profit YoY | 3.9% | — |
| 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 | — | ||
| Q3 25 | $135.8M | — | ||
| Q2 25 | $110.8M | $114.6M | ||
| Q1 25 | $80.4M | — | ||
| Q4 24 | $107.0M | — | ||
| Q3 24 | $102.2M | — | ||
| Q2 24 | $99.2M | — | ||
| Q1 24 | $90.8M | — |
| Q4 25 | $8.1M | — | ||
| Q3 25 | $11.9M | — | ||
| Q2 25 | $13.9M | $91.0K | ||
| Q1 25 | $-282.0K | — | ||
| Q4 24 | $7.8M | — | ||
| Q3 24 | $-267.0K | — | ||
| Q2 24 | $11.8M | — | ||
| Q1 24 | $4.8M | — |
| Q4 25 | 31.6% | — | ||
| Q3 25 | 37.0% | — | ||
| Q2 25 | 37.2% | 1.8% | ||
| Q1 25 | 35.0% | — | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 24.8% | — | ||
| Q2 24 | 40.3% | — | ||
| Q1 24 | 40.2% | — |
| Q4 25 | 11.7% | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 14.4% | 0.2% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 15.4% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 18.7% | — | ||
| Q1 24 | 12.8% | — |
| Q4 25 | 5.5% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 12.5% | 0.1% | ||
| Q1 25 | -0.4% | — | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 5.3% | — |
| 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 | $6.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $600.0M | $12.3M |
| Total Assets | $904.1M | $30.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | — | ||
| Q3 25 | $8.6M | — | ||
| Q2 25 | $4.7M | $6.8M | ||
| Q1 25 | $35.6M | — | ||
| Q4 24 | $23.5M | — | ||
| Q3 24 | $11.1M | — | ||
| Q2 24 | $3.2M | — | ||
| Q1 24 | $15.2M | — |
| 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 | — | ||
| Q3 25 | $589.6M | — | ||
| Q2 25 | $575.4M | $12.3M | ||
| Q1 25 | $558.9M | — | ||
| Q4 24 | $556.8M | — | ||
| Q3 24 | $545.2M | — | ||
| Q2 24 | $544.6M | — | ||
| Q1 24 | $554.0M | — |
| Q4 25 | $904.1M | — | ||
| Q3 25 | $851.8M | — | ||
| Q2 25 | $795.0M | $30.9M | ||
| Q1 25 | $788.4M | — | ||
| Q4 24 | $793.1M | — | ||
| Q3 24 | $801.3M | — | ||
| Q2 24 | $788.4M | — | ||
| Q1 24 | $825.3M | — |
| 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 | $-4.7M |
| Free Cash FlowOCF − Capex | $-11.3M | $-4.7M |
| FCF MarginFCF / Revenue | -7.6% | -4.1% |
| Capex IntensityCapex / Revenue | 4.8% | 0.0% |
| Cash ConversionOCF / Net Profit | -0.50× | -51.96× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.1M | — | ||
| Q3 25 | $19.4M | — | ||
| Q2 25 | $-13.8M | $-4.7M | ||
| Q1 25 | $15.6M | — | ||
| Q4 24 | $14.0M | — | ||
| Q3 24 | $15.7M | — | ||
| Q2 24 | $37.8M | — | ||
| Q1 24 | $12.9M | — |
| Q4 25 | $-11.3M | — | ||
| Q3 25 | $9.0M | — | ||
| Q2 25 | $-26.0M | $-4.7M | ||
| Q1 25 | $12.3M | — | ||
| Q4 24 | $12.5M | — | ||
| Q3 24 | $13.3M | — | ||
| Q2 24 | $35.8M | — | ||
| Q1 24 | $10.4M | — |
| Q4 25 | -7.6% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | -23.5% | -4.1% | ||
| Q1 25 | 15.4% | — | ||
| Q4 24 | 11.6% | — | ||
| Q3 24 | 13.0% | — | ||
| Q2 24 | 36.1% | — | ||
| Q1 24 | 11.4% | — |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 11.0% | 0.0% | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | -0.50× | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | -1.00× | -51.96× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.21× | — | ||
| Q1 24 | 2.69× | — |
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% |
UFG
Segment breakdown not available.
