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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and UNIFI INC (UFI). 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 $121.4M, roughly 1.2× UNIFI INC). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs -8.0%, a 13.5% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs -12.6%). UNIFI INC produced more free cash flow last quarter ($24.2M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs -9.7%).
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.
Unifi Aviation, LLC is the largest aviation ground handling services in North America. Unifi was formed late 2018, after Delta Air Lines sold a stake of its subsidiary, DAL Global Services, to Argenbright Holdings. Unifi is jointly owned by Argenbright, who owns 51% of the company and Delta, who owns 49%.
SHLS vs UFI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $121.4M |
| Net Profit | $8.1M | $-9.7M |
| Gross Margin | 31.6% | 3.0% |
| Operating Margin | 11.7% | -6.0% |
| Net Margin | 5.5% | -8.0% |
| Revenue YoY | 38.6% | -12.6% |
| Net Profit YoY | 3.9% | 14.8% |
| EPS (diluted) | $0.05 | $-0.53 |
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 | $121.4M | ||
| Q3 25 | $135.8M | $135.7M | ||
| Q2 25 | $110.8M | $138.5M | ||
| Q1 25 | $80.4M | $146.6M | ||
| Q4 24 | $107.0M | $138.9M | ||
| Q3 24 | $102.2M | $147.4M | ||
| Q2 24 | $99.2M | $157.5M | ||
| Q1 24 | $90.8M | $149.0M |
| Q4 25 | $8.1M | $-9.7M | ||
| Q3 25 | $11.9M | $-11.4M | ||
| Q2 25 | $13.9M | $15.5M | ||
| Q1 25 | $-282.0K | $-16.8M | ||
| Q4 24 | $7.8M | $-11.4M | ||
| Q3 24 | $-267.0K | $-7.6M | ||
| Q2 24 | $11.8M | $-4.0M | ||
| Q1 24 | $4.8M | $-10.3M |
| Q4 25 | 31.6% | 3.0% | ||
| Q3 25 | 37.0% | 2.5% | ||
| Q2 25 | 37.2% | -0.8% | ||
| Q1 25 | 35.0% | -0.3% | ||
| Q4 24 | 37.6% | 0.4% | ||
| Q3 24 | 24.8% | 6.4% | ||
| Q2 24 | 40.3% | 6.9% | ||
| Q1 24 | 40.2% | 3.2% |
| Q4 25 | 11.7% | -6.0% | ||
| Q3 25 | 13.7% | -7.1% | ||
| Q2 25 | 14.4% | 10.9% | ||
| Q1 25 | 5.4% | -9.5% | ||
| Q4 24 | 15.4% | -5.4% | ||
| Q3 24 | 4.4% | -2.2% | ||
| Q2 24 | 18.7% | -0.5% | ||
| Q1 24 | 12.8% | -4.6% |
| Q4 25 | 5.5% | -8.0% | ||
| Q3 25 | 8.7% | -8.4% | ||
| Q2 25 | 12.5% | 11.2% | ||
| Q1 25 | -0.4% | -11.5% | ||
| Q4 24 | 7.3% | -8.2% | ||
| Q3 24 | -0.3% | -5.2% | ||
| Q2 24 | 11.9% | -2.5% | ||
| Q1 24 | 5.3% | -6.9% |
| Q4 25 | $0.05 | $-0.53 | ||
| Q3 25 | $0.07 | $-0.62 | ||
| Q2 25 | $0.08 | $0.85 | ||
| Q1 25 | $0.00 | $-0.92 | ||
| Q4 24 | $0.04 | $-0.62 | ||
| Q3 24 | $0.00 | $-0.42 | ||
| Q2 24 | $0.07 | $-0.21 | ||
| Q1 24 | $0.03 | $-0.57 |
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 | $30.2M |
| Total DebtLower is stronger | — | $92.6M |
| Stockholders' EquityBook value | $600.0M | $230.0M |
| Total Assets | $904.1M | $382.9M |
| Debt / EquityLower = less leverage | — | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | $30.2M | ||
| Q3 25 | $8.6M | $20.6M | ||
| Q2 25 | $4.7M | $22.7M | ||
| Q1 25 | $35.6M | $16.3M | ||
| Q4 24 | $23.5M | $18.7M | ||
| Q3 24 | $11.1M | $13.7M | ||
| Q2 24 | $3.2M | $26.8M | ||
| Q1 24 | $15.2M | $27.7M |
| Q4 25 | — | $92.6M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $95.7M | ||
| Q1 25 | $141.8M | $127.9M | ||
| Q4 24 | $141.8M | $123.0M | ||
| Q3 24 | $141.8M | $119.3M | ||
| Q2 24 | $146.8M | $117.8M | ||
| Q1 24 | $168.8M | $116.1M |
| Q4 25 | $600.0M | $230.0M | ||
| Q3 25 | $589.6M | $241.1M | ||
| Q2 25 | $575.4M | $249.5M | ||
| Q1 25 | $558.9M | $228.4M | ||
| Q4 24 | $556.8M | $237.2M | ||
| Q3 24 | $545.2M | $259.7M | ||
| Q2 24 | $544.6M | $263.4M | ||
| Q1 24 | $554.0M | $277.8M |
| Q4 25 | $904.1M | $382.9M | ||
| Q3 25 | $851.8M | $424.6M | ||
| Q2 25 | $795.0M | $426.9M | ||
| Q1 25 | $788.4M | $446.5M | ||
| Q4 24 | $793.1M | $439.7M | ||
| Q3 24 | $801.3M | $467.0M | ||
| Q2 24 | $788.4M | $469.2M | ||
| Q1 24 | $825.3M | $482.6M |
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | 0.25× | 0.56× | ||
| Q4 24 | 0.25× | 0.52× | ||
| Q3 24 | 0.26× | 0.46× | ||
| Q2 24 | 0.27× | 0.45× | ||
| Q1 24 | 0.30× | 0.42× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | $-11.3M | $24.2M |
| FCF MarginFCF / Revenue | -7.6% | 20.0% |
| Capex IntensityCapex / Revenue | 4.8% | 0.9% |
| Cash ConversionOCF / Net Profit | -0.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | $1.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.1M | $25.3M | ||
| Q3 25 | $19.4M | $-8.9M | ||
| Q2 25 | $-13.8M | $-1.3M | ||
| Q1 25 | $15.6M | $-5.0M | ||
| Q4 24 | $14.0M | $-2.2M | ||
| Q3 24 | $15.7M | $-12.8M | ||
| Q2 24 | $37.8M | $932.0K | ||
| Q1 24 | $12.9M | $-1.4M |
| Q4 25 | $-11.3M | $24.2M | ||
| Q3 25 | $9.0M | $-10.9M | ||
| Q2 25 | $-26.0M | $-3.9M | ||
| Q1 25 | $12.3M | $-8.0M | ||
| Q4 24 | $12.5M | $-5.1M | ||
| Q3 24 | $13.3M | $-14.9M | ||
| Q2 24 | $35.8M | $-1.7M | ||
| Q1 24 | $10.4M | $-3.9M |
| Q4 25 | -7.6% | 20.0% | ||
| Q3 25 | 6.6% | -8.1% | ||
| Q2 25 | -23.5% | -2.8% | ||
| Q1 25 | 15.4% | -5.4% | ||
| Q4 24 | 11.6% | -3.7% | ||
| Q3 24 | 13.0% | -10.1% | ||
| Q2 24 | 36.1% | -1.1% | ||
| Q1 24 | 11.4% | -2.6% |
| Q4 25 | 4.8% | 0.9% | ||
| Q3 25 | 7.7% | 1.5% | ||
| Q2 25 | 11.0% | 1.9% | ||
| Q1 25 | 4.0% | 2.0% | ||
| Q4 24 | 1.4% | 2.1% | ||
| Q3 24 | 2.3% | 1.4% | ||
| Q2 24 | 2.0% | 1.7% | ||
| Q1 24 | 2.7% | 1.7% |
| Q4 25 | -0.50× | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | -1.00× | -0.09× | ||
| 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% |
UFI
| Other | $67.8M | 56% |
| REPREVE Fiber | $34.3M | 28% |
| Export Sales From US Operations | $10.5M | 9% |
| All Other Foreign Countries | $8.8M | 7% |
