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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and UFP TECHNOLOGIES INC (UFPT). Click either name above to swap in a different company.
UFP TECHNOLOGIES INC is the larger business by last-quarter revenue ($148.9M vs $148.3M, roughly 1.0× Shoals Technologies Group, Inc.). UFP TECHNOLOGIES INC runs the higher net margin — 11.8% vs 5.5%, a 6.3% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 3.4%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 19.1%).
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.
UFP Technologies, Inc. is an American multinational developer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products.
SHLS vs UFPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $148.9M |
| Net Profit | $8.1M | $17.6M |
| Gross Margin | 31.6% | 28.2% |
| Operating Margin | 11.7% | 14.4% |
| Net Margin | 5.5% | 11.8% |
| Revenue YoY | 38.6% | 3.4% |
| Net Profit YoY | 3.9% | 7.3% |
| EPS (diluted) | $0.05 | $2.22 |
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 | $148.9M | ||
| Q3 25 | $135.8M | $154.6M | ||
| Q2 25 | $110.8M | $151.2M | ||
| Q1 25 | $80.4M | $148.1M | ||
| Q4 24 | $107.0M | $144.1M | ||
| Q3 24 | $102.2M | $145.2M | ||
| Q2 24 | $99.2M | $110.2M | ||
| Q1 24 | $90.8M | $105.0M |
| Q4 25 | $8.1M | $17.6M | ||
| Q3 25 | $11.9M | $16.4M | ||
| Q2 25 | $13.9M | $17.2M | ||
| Q1 25 | $-282.0K | $17.2M | ||
| Q4 24 | $7.8M | $16.4M | ||
| Q3 24 | $-267.0K | $16.4M | ||
| Q2 24 | $11.8M | $13.6M | ||
| Q1 24 | $4.8M | $12.7M |
| Q4 25 | 31.6% | 28.2% | ||
| Q3 25 | 37.0% | 27.7% | ||
| Q2 25 | 37.2% | 28.8% | ||
| Q1 25 | 35.0% | 28.5% | ||
| Q4 24 | 37.6% | 29.2% | ||
| Q3 24 | 24.8% | 28.6% | ||
| Q2 24 | 40.3% | 30.0% | ||
| Q1 24 | 40.2% | 28.6% |
| Q4 25 | 11.7% | 14.4% | ||
| Q3 25 | 13.7% | 15.1% | ||
| Q2 25 | 14.4% | 16.1% | ||
| Q1 25 | 5.4% | 15.6% | ||
| Q4 24 | 15.4% | 15.4% | ||
| Q3 24 | 4.4% | 17.1% | ||
| Q2 24 | 18.7% | 16.3% | ||
| Q1 24 | 12.8% | 15.2% |
| Q4 25 | 5.5% | 11.8% | ||
| Q3 25 | 8.7% | 10.6% | ||
| Q2 25 | 12.5% | 11.4% | ||
| Q1 25 | -0.4% | 11.6% | ||
| Q4 24 | 7.3% | 11.4% | ||
| Q3 24 | -0.3% | 11.3% | ||
| Q2 24 | 11.9% | 12.3% | ||
| Q1 24 | 5.3% | 12.1% |
| Q4 25 | $0.05 | $2.22 | ||
| Q3 25 | $0.07 | $2.11 | ||
| Q2 25 | $0.08 | $2.21 | ||
| Q1 25 | $0.00 | $2.21 | ||
| Q4 24 | $0.04 | $2.08 | ||
| Q3 24 | $0.00 | $2.11 | ||
| Q2 24 | $0.07 | $1.75 | ||
| Q1 24 | $0.03 | $1.64 |
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 | $20.3M |
| Total DebtLower is stronger | — | $135.5M |
| Stockholders' EquityBook value | $600.0M | $423.9M |
| Total Assets | $904.1M | $655.1M |
| Debt / EquityLower = less leverage | — | 0.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | $20.3M | ||
| Q3 25 | $8.6M | $18.2M | ||
| Q2 25 | $4.7M | $14.9M | ||
| Q1 25 | $35.6M | $14.0M | ||
| Q4 24 | $23.5M | $13.4M | ||
| Q3 24 | $11.1M | $16.4M | ||
| Q2 24 | $3.2M | $16.7M | ||
| Q1 24 | $15.2M | $11.4M |
| Q4 25 | — | $135.5M | ||
| Q3 25 | — | $146.1M | ||
| Q2 25 | — | $163.6M | ||
| Q1 25 | $141.8M | $163.6M | ||
| Q4 24 | $141.8M | $189.4M | ||
| Q3 24 | $141.8M | $212.0M | ||
| Q2 24 | $146.8M | $35.2M | ||
| Q1 24 | $168.8M | $34.0M |
| Q4 25 | $600.0M | $423.9M | ||
| Q3 25 | $589.6M | $403.9M | ||
| Q2 25 | $575.4M | $385.5M | ||
| Q1 25 | $558.9M | $360.7M | ||
| Q4 24 | $556.8M | $342.8M | ||
| Q3 24 | $545.2M | $329.1M | ||
| Q2 24 | $544.6M | $310.2M | ||
| Q1 24 | $554.0M | $295.0M |
| Q4 25 | $904.1M | $655.1M | ||
| Q3 25 | $851.8M | $652.8M | ||
| Q2 25 | $795.0M | $634.7M | ||
| Q1 25 | $788.4M | $642.6M | ||
| Q4 24 | $793.1M | $629.0M | ||
| Q3 24 | $801.3M | $638.5M | ||
| Q2 24 | $788.4M | $422.4M | ||
| Q1 24 | $825.3M | $407.7M |
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | 0.25× | 0.45× | ||
| Q4 24 | 0.25× | 0.55× | ||
| Q3 24 | 0.26× | 0.64× | ||
| Q2 24 | 0.27× | 0.11× | ||
| 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 | $16.8M |
| Free Cash FlowOCF − Capex | $-11.3M | — |
| FCF MarginFCF / Revenue | -7.6% | — |
| Capex IntensityCapex / Revenue | 4.8% | — |
| Cash ConversionOCF / Net Profit | -0.50× | 0.96× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.1M | $16.8M | ||
| Q3 25 | $19.4M | $35.9M | ||
| Q2 25 | $-13.8M | $25.3M | ||
| Q1 25 | $15.6M | $13.8M | ||
| Q4 24 | $14.0M | $24.4M | ||
| Q3 24 | $15.7M | $19.8M | ||
| Q2 24 | $37.8M | $11.7M | ||
| Q1 24 | $12.9M | $10.7M |
| Q4 25 | $-11.3M | — | ||
| Q3 25 | $9.0M | — | ||
| Q2 25 | $-26.0M | $22.5M | ||
| Q1 25 | $12.3M | $11.0M | ||
| Q4 24 | $12.5M | $21.4M | ||
| Q3 24 | $13.3M | $17.7M | ||
| Q2 24 | $35.8M | $8.9M | ||
| Q1 24 | $10.4M | $8.9M |
| Q4 25 | -7.6% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | -23.5% | 14.9% | ||
| Q1 25 | 15.4% | 7.4% | ||
| Q4 24 | 11.6% | 14.9% | ||
| Q3 24 | 13.0% | 12.2% | ||
| Q2 24 | 36.1% | 8.1% | ||
| Q1 24 | 11.4% | 8.5% |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 11.0% | 1.9% | ||
| Q1 25 | 4.0% | 1.9% | ||
| Q4 24 | 1.4% | 2.1% | ||
| Q3 24 | 2.3% | 1.5% | ||
| Q2 24 | 2.0% | 2.5% | ||
| Q1 24 | 2.7% | 1.6% |
| Q4 25 | -0.50× | 0.96× | ||
| Q3 25 | 1.63× | 2.19× | ||
| Q2 25 | -1.00× | 1.47× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 1.79× | 1.49× | ||
| Q3 24 | — | 1.21× | ||
| Q2 24 | 3.21× | 0.86× | ||
| Q1 24 | 2.69× | 0.84× |
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% |
UFPT
| Products | $145.1M | 97% |
| Engineering And Development | $1.8M | 1% |
