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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and UNIVEST FINANCIAL Corp (UVSP). 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 $87.5M, roughly 1.7× UNIVEST FINANCIAL Corp). UNIVEST FINANCIAL Corp runs the higher net margin — 31.0% vs 5.5%, a 25.5% gap on every dollar of revenue. Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 10.2%).

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.

Univest Financial Corp is a U.S. regional financial services holding company based in Pennsylvania. It offers banking, wealth management, insurance, and lending solutions for individual consumers, SMEs, and institutional clients across its Mid-Atlantic operating regions.

SHLS vs UVSP — Head-to-Head

Bigger by revenue
SHLS
SHLS
1.7× larger
SHLS
$148.3M
$87.5M
UVSP
Higher net margin
UVSP
UVSP
25.5% more per $
UVSP
31.0%
5.5%
SHLS
Faster 2-yr revenue CAGR
SHLS
SHLS
Annualised
SHLS
27.8%
10.2%
UVSP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SHLS
SHLS
UVSP
UVSP
Revenue
$148.3M
$87.5M
Net Profit
$8.1M
$27.1M
Gross Margin
31.6%
Operating Margin
11.7%
Net Margin
5.5%
31.0%
Revenue YoY
38.6%
Net Profit YoY
3.9%
EPS (diluted)
$0.05
$0.96

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.

Revenue
SHLS
SHLS
UVSP
UVSP
Q1 26
$87.5M
Q4 25
$148.3M
$84.6M
Q3 25
$135.8M
$83.2M
Q2 25
$110.8M
$81.0M
Q1 25
$80.4M
$79.2M
Q4 24
$107.0M
$76.8M
Q3 24
$102.2M
$73.4M
Q2 24
$99.2M
$72.0M
Net Profit
SHLS
SHLS
UVSP
UVSP
Q1 26
$27.1M
Q4 25
$8.1M
$22.7M
Q3 25
$11.9M
$25.6M
Q2 25
$13.9M
$20.0M
Q1 25
$-282.0K
$22.4M
Q4 24
$7.8M
$18.9M
Q3 24
$-267.0K
$18.6M
Q2 24
$11.8M
$18.1M
Gross Margin
SHLS
SHLS
UVSP
UVSP
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%
Operating Margin
SHLS
SHLS
UVSP
UVSP
Q1 26
Q4 25
11.7%
34.0%
Q3 25
13.7%
38.5%
Q2 25
14.4%
30.9%
Q1 25
5.4%
34.8%
Q4 24
15.4%
30.9%
Q3 24
4.4%
31.9%
Q2 24
18.7%
31.4%
Net Margin
SHLS
SHLS
UVSP
UVSP
Q1 26
31.0%
Q4 25
5.5%
26.9%
Q3 25
8.7%
30.8%
Q2 25
12.5%
24.7%
Q1 25
-0.4%
28.3%
Q4 24
7.3%
24.7%
Q3 24
-0.3%
25.3%
Q2 24
11.9%
25.1%
EPS (diluted)
SHLS
SHLS
UVSP
UVSP
Q1 26
$0.96
Q4 25
$0.05
$0.78
Q3 25
$0.07
$0.89
Q2 25
$0.08
$0.69
Q1 25
$0.00
$0.77
Q4 24
$0.04
$0.64
Q3 24
$0.00
$0.63
Q2 24
$0.07
$0.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SHLS
SHLS
UVSP
UVSP
Cash + ST InvestmentsLiquidity on hand
$7.3M
$222.4M
Total DebtLower is stronger
$201.2M
Stockholders' EquityBook value
$600.0M
$952.0M
Total Assets
$904.1M
$8.1B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SHLS
SHLS
UVSP
UVSP
Q1 26
$222.4M
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
Total Debt
SHLS
SHLS
UVSP
UVSP
Q1 26
$201.2M
Q4 25
Q3 25
Q2 25
Q1 25
$141.8M
Q4 24
$141.8M
Q3 24
$141.8M
Q2 24
$146.8M
Stockholders' Equity
SHLS
SHLS
UVSP
UVSP
Q1 26
$952.0M
Q4 25
$600.0M
$943.3M
Q3 25
$589.6M
$933.2M
Q2 25
$575.4M
$916.7M
Q1 25
$558.9M
$903.5M
Q4 24
$556.8M
$887.3M
Q3 24
$545.2M
$877.1M
Q2 24
$544.6M
$854.1M
Total Assets
SHLS
SHLS
UVSP
UVSP
Q1 26
$8.1B
Q4 25
$904.1M
$8.4B
Q3 25
$851.8M
$8.6B
Q2 25
$795.0M
$7.9B
Q1 25
$788.4M
$8.0B
Q4 24
$793.1M
$8.1B
Q3 24
$801.3M
$8.2B
Q2 24
$788.4M
$7.9B
Debt / Equity
SHLS
SHLS
UVSP
UVSP
Q1 26
0.21×
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
SHLS
SHLS
UVSP
UVSP
Operating Cash FlowLast quarter
$-4.1M
Free Cash FlowOCF − Capex
$-11.3M
FCF MarginFCF / Revenue
-7.6%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
-0.50×
TTM Free Cash FlowTrailing 4 quarters
$-16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SHLS
SHLS
UVSP
UVSP
Q1 26
Q4 25
$-4.1M
$101.5M
Q3 25
$19.4M
$32.0M
Q2 25
$-13.8M
$23.3M
Q1 25
$15.6M
$15.6M
Q4 24
$14.0M
$75.1M
Q3 24
$15.7M
$38.9M
Q2 24
$37.8M
$-3.4M
Free Cash Flow
SHLS
SHLS
UVSP
UVSP
Q1 26
Q4 25
$-11.3M
$96.9M
Q3 25
$9.0M
$31.4M
Q2 25
$-26.0M
$21.9M
Q1 25
$12.3M
$13.7M
Q4 24
$12.5M
$72.0M
Q3 24
$13.3M
$38.3M
Q2 24
$35.8M
$-4.2M
FCF Margin
SHLS
SHLS
UVSP
UVSP
Q1 26
Q4 25
-7.6%
114.6%
Q3 25
6.6%
37.7%
Q2 25
-23.5%
27.0%
Q1 25
15.4%
17.2%
Q4 24
11.6%
93.8%
Q3 24
13.0%
52.2%
Q2 24
36.1%
-5.9%
Capex Intensity
SHLS
SHLS
UVSP
UVSP
Q1 26
Q4 25
4.8%
5.4%
Q3 25
7.7%
0.7%
Q2 25
11.0%
1.7%
Q1 25
4.0%
2.5%
Q4 24
1.4%
4.0%
Q3 24
2.3%
0.8%
Q2 24
2.0%
1.1%
Cash Conversion
SHLS
SHLS
UVSP
UVSP
Q1 26
Q4 25
-0.50×
4.46×
Q3 25
1.63×
1.25×
Q2 25
-1.00×
1.16×
Q1 25
0.70×
Q4 24
1.79×
3.97×
Q3 24
2.09×
Q2 24
3.21×
-0.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SHLS
SHLS

System Solutions$122.0M82%
Components$26.3M18%

UVSP
UVSP

Net Interest Income$63.4M72%
Noninterest Income$24.1M28%

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