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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($208.0M vs $148.3M, roughly 1.4× Shoals Technologies Group, Inc.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 5.5%, a 10.8% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs -10.9%). Shoals Technologies Group, Inc. produced more free cash flow last quarter ($-11.3M vs $-74.1M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
SHLS vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $208.0M |
| Net Profit | $8.1M | $33.9M |
| Gross Margin | 31.6% | — |
| Operating Margin | 11.7% | 19.1% |
| Net Margin | 5.5% | 16.3% |
| Revenue YoY | 38.6% | -10.9% |
| Net Profit YoY | 3.9% | -14.2% |
| EPS (diluted) | $0.05 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $135.8M | $216.4M | ||
| Q2 25 | $110.8M | $210.5M | ||
| Q1 25 | $80.4M | $217.9M | ||
| Q4 24 | $107.0M | $233.5M | ||
| Q3 24 | $102.2M | $227.0M | ||
| Q2 24 | $99.2M | $224.4M | ||
| Q1 24 | $90.8M | $222.0M |
| Q4 25 | $8.1M | $33.9M | ||
| Q3 25 | $11.9M | $31.3M | ||
| Q2 25 | $13.9M | $42.7M | ||
| Q1 25 | $-282.0K | $28.1M | ||
| Q4 24 | $7.8M | $39.5M | ||
| Q3 24 | $-267.0K | $49.1M | ||
| Q2 24 | $11.8M | $26.0M | ||
| Q1 24 | $4.8M | $37.9M |
| 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% | — | ||
| Q1 24 | 40.2% | — |
| Q4 25 | 11.7% | 19.1% | ||
| Q3 25 | 13.7% | 21.7% | ||
| Q2 25 | 14.4% | 21.5% | ||
| Q1 25 | 5.4% | 16.8% | ||
| Q4 24 | 15.4% | 21.7% | ||
| Q3 24 | 4.4% | 24.3% | ||
| Q2 24 | 18.7% | 19.7% | ||
| Q1 24 | 12.8% | 14.5% |
| Q4 25 | 5.5% | 16.3% | ||
| Q3 25 | 8.7% | 14.5% | ||
| Q2 25 | 12.5% | 20.3% | ||
| Q1 25 | -0.4% | 12.9% | ||
| Q4 24 | 7.3% | 16.9% | ||
| Q3 24 | -0.3% | 21.6% | ||
| Q2 24 | 11.9% | 11.6% | ||
| Q1 24 | 5.3% | 17.1% |
| Q4 25 | $0.05 | $5.15 | ||
| Q3 25 | $0.07 | $4.65 | ||
| Q2 25 | $0.08 | $6.12 | ||
| Q1 25 | $0.00 | $4.05 | ||
| Q4 24 | $0.04 | $4.65 | ||
| Q3 24 | $0.00 | $5.71 | ||
| Q2 24 | $0.07 | $2.43 | ||
| Q1 24 | $0.03 | $4.10 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $600.0M | $934.0M |
| Total Assets | $904.1M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | ||
| Q1 24 | $15.2M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | $141.8M | $231.7M | ||
| Q4 24 | $141.8M | $232.1M | ||
| Q3 24 | $141.8M | $237.5M | ||
| Q2 24 | $146.8M | $247.6M | ||
| Q1 24 | $168.8M | $253.0M |
| Q4 25 | $600.0M | $934.0M | ||
| Q3 25 | $589.6M | $918.7M | ||
| Q2 25 | $575.4M | $896.4M | ||
| Q1 25 | $558.9M | $893.7M | ||
| Q4 24 | $556.8M | $897.5M | ||
| Q3 24 | $545.2M | $889.0M | ||
| Q2 24 | $544.6M | $868.7M | ||
| Q1 24 | $554.0M | $871.7M |
| Q4 25 | $904.1M | $4.3B | ||
| Q3 25 | $851.8M | $3.9B | ||
| Q2 25 | $795.0M | $3.7B | ||
| Q1 25 | $788.4M | $3.7B | ||
| Q4 24 | $793.1M | $4.0B | ||
| Q3 24 | $801.3M | $3.6B | ||
| Q2 24 | $788.4M | $3.6B | ||
| Q1 24 | $825.3M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | 0.25× | 0.26× | ||
| Q4 24 | 0.25× | 0.26× | ||
| Q3 24 | 0.26× | 0.27× | ||
| Q2 24 | 0.27× | 0.29× | ||
| Q1 24 | 0.30× | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $-11.3M | $-74.1M |
| FCF MarginFCF / Revenue | -7.6% | -35.6% |
| Capex IntensityCapex / Revenue | 4.8% | 3.3% |
| Cash ConversionOCF / Net Profit | -0.50× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.1M | $-67.2M | ||
| Q3 25 | $19.4M | $108.3M | ||
| Q2 25 | $-13.8M | $75.8M | ||
| Q1 25 | $15.6M | $-3.8M | ||
| Q4 24 | $14.0M | $1.8M | ||
| Q3 24 | $15.7M | $69.1M | ||
| Q2 24 | $37.8M | $70.0M | ||
| Q1 24 | $12.9M | $-34.5M |
| Q4 25 | $-11.3M | $-74.1M | ||
| Q3 25 | $9.0M | $106.9M | ||
| Q2 25 | $-26.0M | $74.2M | ||
| Q1 25 | $12.3M | $-6.8M | ||
| Q4 24 | $12.5M | $-3.8M | ||
| Q3 24 | $13.3M | $68.7M | ||
| Q2 24 | $35.8M | $68.6M | ||
| Q1 24 | $10.4M | $-36.5M |
| Q4 25 | -7.6% | -35.6% | ||
| Q3 25 | 6.6% | 49.4% | ||
| Q2 25 | -23.5% | 35.2% | ||
| Q1 25 | 15.4% | -3.1% | ||
| Q4 24 | 11.6% | -1.6% | ||
| Q3 24 | 13.0% | 30.3% | ||
| Q2 24 | 36.1% | 30.6% | ||
| Q1 24 | 11.4% | -16.4% |
| Q4 25 | 4.8% | 3.3% | ||
| Q3 25 | 7.7% | 0.7% | ||
| Q2 25 | 11.0% | 0.7% | ||
| Q1 25 | 4.0% | 1.4% | ||
| Q4 24 | 1.4% | 2.4% | ||
| Q3 24 | 2.3% | 0.2% | ||
| Q2 24 | 2.0% | 0.6% | ||
| Q1 24 | 2.7% | 0.9% |
| Q4 25 | -0.50× | -1.99× | ||
| Q3 25 | 1.63× | 3.45× | ||
| Q2 25 | -1.00× | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | 1.79× | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | 3.21× | 2.69× | ||
| Q1 24 | 2.69× | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
