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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and VIEMED HEALTHCARE, INC. (VMD). 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 $76.2M, roughly 1.9× VIEMED HEALTHCARE, INC.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs 5.5%, a 1.9% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 25.5%). VIEMED HEALTHCARE, INC. produced more free cash flow last quarter ($9.7M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 22.7%).
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.
Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.
SHLS vs VMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $76.2M |
| Net Profit | $8.1M | $5.6M |
| Gross Margin | 31.6% | 57.9% |
| Operating Margin | 11.7% | 11.0% |
| Net Margin | 5.5% | 7.4% |
| Revenue YoY | 38.6% | 25.5% |
| Net Profit YoY | 3.9% | 30.7% |
| EPS (diluted) | $0.05 | $0.14 |
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 | $76.2M | ||
| Q3 25 | $135.8M | $71.9M | ||
| Q2 25 | $110.8M | $63.1M | ||
| Q1 25 | $80.4M | $59.1M | ||
| Q4 24 | $107.0M | $60.7M | ||
| Q3 24 | $102.2M | $58.0M | ||
| Q2 24 | $99.2M | $55.0M | ||
| Q1 24 | $90.8M | $50.6M |
| Q4 25 | $8.1M | $5.6M | ||
| Q3 25 | $11.9M | $3.5M | ||
| Q2 25 | $13.9M | $3.2M | ||
| Q1 25 | $-282.0K | $2.6M | ||
| Q4 24 | $7.8M | $4.3M | ||
| Q3 24 | $-267.0K | $3.9M | ||
| Q2 24 | $11.8M | $1.5M | ||
| Q1 24 | $4.8M | $1.6M |
| Q4 25 | 31.6% | 57.9% | ||
| Q3 25 | 37.0% | 57.5% | ||
| Q2 25 | 37.2% | 58.3% | ||
| Q1 25 | 35.0% | 56.3% | ||
| Q4 24 | 37.6% | 59.5% | ||
| Q3 24 | 24.8% | 59.3% | ||
| Q2 24 | 40.3% | 59.8% | ||
| Q1 24 | 40.2% | 58.9% |
| Q4 25 | 11.7% | 11.0% | ||
| Q3 25 | 13.7% | 7.8% | ||
| Q2 25 | 14.4% | 8.1% | ||
| Q1 25 | 5.4% | 6.5% | ||
| Q4 24 | 15.4% | 10.6% | ||
| Q3 24 | 4.4% | 9.7% | ||
| Q2 24 | 18.7% | 6.6% | ||
| Q1 24 | 12.8% | 4.4% |
| Q4 25 | 5.5% | 7.4% | ||
| Q3 25 | 8.7% | 4.9% | ||
| Q2 25 | 12.5% | 5.0% | ||
| Q1 25 | -0.4% | 4.4% | ||
| Q4 24 | 7.3% | 7.1% | ||
| Q3 24 | -0.3% | 6.7% | ||
| Q2 24 | 11.9% | 2.7% | ||
| Q1 24 | 5.3% | 3.2% |
| Q4 25 | $0.05 | $0.14 | ||
| Q3 25 | $0.07 | $0.09 | ||
| Q2 25 | $0.08 | $0.08 | ||
| Q1 25 | $0.00 | $0.06 | ||
| Q4 24 | $0.04 | $0.10 | ||
| Q3 24 | $0.00 | $0.10 | ||
| Q2 24 | $0.07 | $0.04 | ||
| Q1 24 | $0.03 | $0.04 |
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 | $13.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $600.0M | $141.5M |
| Total Assets | $904.1M | $199.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | $13.5M | ||
| Q3 25 | $8.6M | $11.1M | ||
| Q2 25 | $4.7M | $20.0M | ||
| Q1 25 | $35.6M | $10.2M | ||
| Q4 24 | $23.5M | $17.5M | ||
| Q3 24 | $11.1M | $11.3M | ||
| Q2 24 | $3.2M | $8.8M | ||
| Q1 24 | $15.2M | $7.3M |
| 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 | $141.5M | ||
| Q3 25 | $589.6M | $133.6M | ||
| Q2 25 | $575.4M | $139.7M | ||
| Q1 25 | $558.9M | $134.8M | ||
| Q4 24 | $556.8M | $131.4M | ||
| Q3 24 | $545.2M | $125.0M | ||
| Q2 24 | $544.6M | $119.4M | ||
| Q1 24 | $554.0M | $116.3M |
| Q4 25 | $904.1M | $199.2M | ||
| Q3 25 | $851.8M | $202.4M | ||
| Q2 25 | $795.0M | $184.6M | ||
| Q1 25 | $788.4M | $178.1M | ||
| Q4 24 | $793.1M | $177.1M | ||
| Q3 24 | $801.3M | $169.5M | ||
| Q2 24 | $788.4M | $163.9M | ||
| Q1 24 | $825.3M | $154.9M |
| 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 | $18.4M |
| Free Cash FlowOCF − Capex | $-11.3M | $9.7M |
| FCF MarginFCF / Revenue | -7.6% | 12.7% |
| Capex IntensityCapex / Revenue | 4.8% | 11.5% |
| Cash ConversionOCF / Net Profit | -0.50× | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | $11.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.1M | $18.4M | ||
| Q3 25 | $19.4M | $18.4M | ||
| Q2 25 | $-13.8M | $12.3M | ||
| Q1 25 | $15.6M | $2.9M | ||
| Q4 24 | $14.0M | $15.0M | ||
| Q3 24 | $15.7M | $12.7M | ||
| Q2 24 | $37.8M | $10.2M | ||
| Q1 24 | $12.9M | $1.2M |
| Q4 25 | $-11.3M | $9.7M | ||
| Q3 25 | $9.0M | $10.7M | ||
| Q2 25 | $-26.0M | $4.1M | ||
| Q1 25 | $12.3M | $-12.6M | ||
| Q4 24 | $12.5M | $3.2M | ||
| Q3 24 | $13.3M | $1.7M | ||
| Q2 24 | $35.8M | $1.2M | ||
| Q1 24 | $10.4M | $-4.8M |
| Q4 25 | -7.6% | 12.7% | ||
| Q3 25 | 6.6% | 14.9% | ||
| Q2 25 | -23.5% | 6.5% | ||
| Q1 25 | 15.4% | -21.4% | ||
| Q4 24 | 11.6% | 5.2% | ||
| Q3 24 | 13.0% | 3.0% | ||
| Q2 24 | 36.1% | 2.3% | ||
| Q1 24 | 11.4% | -9.5% |
| Q4 25 | 4.8% | 11.5% | ||
| Q3 25 | 7.7% | 10.6% | ||
| Q2 25 | 11.0% | 12.9% | ||
| Q1 25 | 4.0% | 26.2% | ||
| Q4 24 | 1.4% | 19.5% | ||
| Q3 24 | 2.3% | 19.0% | ||
| Q2 24 | 2.0% | 16.3% | ||
| Q1 24 | 2.7% | 11.9% |
| Q4 25 | -0.50× | 3.27× | ||
| Q3 25 | 1.63× | 5.23× | ||
| Q2 25 | -1.00× | 3.88× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | 1.79× | 3.47× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | 3.21× | 6.94× | ||
| Q1 24 | 2.69× | 0.73× |
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% |
VMD
Segment breakdown not available.
