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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and WESBANCO INC (WSBC). Click either name above to swap in a different company.
WESBANCO INC is the larger business by last-quarter revenue ($257.2M vs $148.3M, roughly 1.7× Shoals Technologies Group, Inc.). WESBANCO INC runs the higher net margin — 34.5% vs 5.5%, a 29.0% gap on every dollar of revenue. Over the past eight quarters, WESBANCO INC's revenue compounded faster (31.9% CAGR vs 27.8%).
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.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
SHLS vs WSBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $257.2M |
| Net Profit | $8.1M | $88.6M |
| Gross Margin | 31.6% | — |
| Operating Margin | 11.7% | — |
| Net Margin | 5.5% | 34.5% |
| Revenue YoY | 38.6% | — |
| Net Profit YoY | 3.9% | 54.4% |
| EPS (diluted) | $0.05 | $0.88 |
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.
| Q1 26 | — | $257.2M | ||
| Q4 25 | $148.3M | $265.6M | ||
| Q3 25 | $135.8M | $261.6M | ||
| Q2 25 | $110.8M | $260.7M | ||
| Q1 25 | $80.4M | $193.2M | ||
| Q4 24 | $107.0M | $162.9M | ||
| Q3 24 | $102.2M | $150.8M | ||
| Q2 24 | $99.2M | $147.9M |
| Q1 26 | — | $88.6M | ||
| Q4 25 | $8.1M | $91.1M | ||
| Q3 25 | $11.9M | $83.6M | ||
| Q2 25 | $13.9M | $57.4M | ||
| Q1 25 | $-282.0K | $-9.0M | ||
| Q4 24 | $7.8M | $49.6M | ||
| Q3 24 | $-267.0K | $37.3M | ||
| Q2 24 | $11.8M | $28.9M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 43.2% | ||
| Q3 25 | 13.7% | 39.5% | ||
| Q2 25 | 14.4% | 27.2% | ||
| Q1 25 | 5.4% | -5.0% | ||
| Q4 24 | 15.4% | 38.0% | ||
| Q3 24 | 4.4% | 29.7% | ||
| Q2 24 | 18.7% | 23.7% |
| Q1 26 | — | 34.5% | ||
| Q4 25 | 5.5% | 34.3% | ||
| Q3 25 | 8.7% | 31.9% | ||
| Q2 25 | 12.5% | 22.0% | ||
| Q1 25 | -0.4% | -4.7% | ||
| Q4 24 | 7.3% | 30.5% | ||
| Q3 24 | -0.3% | 24.7% | ||
| Q2 24 | 11.9% | 19.5% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $0.05 | $0.97 | ||
| Q3 25 | $0.07 | $0.84 | ||
| Q2 25 | $0.08 | $0.57 | ||
| Q1 25 | $0.00 | $-0.15 | ||
| Q4 24 | $0.04 | $0.72 | ||
| Q3 24 | $0.00 | $0.54 | ||
| Q2 24 | $0.07 | $0.44 |
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 | — | — |
| Stockholders' EquityBook value | $600.0M | $4.1B |
| Total Assets | $904.1M | $27.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $7.3M | $956.1M | ||
| Q3 25 | $8.6M | $1.0B | ||
| Q2 25 | $4.7M | $1.2B | ||
| Q1 25 | $35.6M | $1.1B | ||
| Q4 24 | $23.5M | $568.1M | ||
| Q3 24 | $11.1M | $620.9M | ||
| Q2 24 | $3.2M | $486.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $141.8M | — | ||
| Q4 24 | $141.8M | — | ||
| Q3 24 | $141.8M | — | ||
| Q2 24 | $146.8M | — |
| Q1 26 | — | $4.1B | ||
| Q4 25 | $600.0M | $4.0B | ||
| Q3 25 | $589.6M | $4.1B | ||
| Q2 25 | $575.4M | $3.8B | ||
| Q1 25 | $558.9M | $3.8B | ||
| Q4 24 | $556.8M | $2.8B | ||
| Q3 24 | $545.2M | $2.8B | ||
| Q2 24 | $544.6M | $2.5B |
| Q1 26 | — | $27.5B | ||
| Q4 25 | $904.1M | $27.7B | ||
| Q3 25 | $851.8M | $27.5B | ||
| Q2 25 | $795.0M | $27.6B | ||
| Q1 25 | $788.4M | $27.4B | ||
| Q4 24 | $793.1M | $18.7B | ||
| Q3 24 | $801.3M | $18.5B | ||
| Q2 24 | $788.4M | $18.1B |
| Q1 26 | — | — | ||
| 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 | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-4.1M | $290.4M | ||
| Q3 25 | $19.4M | $116.9M | ||
| Q2 25 | $-13.8M | $105.0M | ||
| Q1 25 | $15.6M | $-26.4M | ||
| Q4 24 | $14.0M | $211.0M | ||
| Q3 24 | $15.7M | $60.7M | ||
| Q2 24 | $37.8M | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-11.3M | $280.0M | ||
| Q3 25 | $9.0M | $114.9M | ||
| Q2 25 | $-26.0M | $98.3M | ||
| Q1 25 | $12.3M | $-30.7M | ||
| Q4 24 | $12.5M | $200.7M | ||
| Q3 24 | $13.3M | $56.9M | ||
| Q2 24 | $35.8M | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | -7.6% | 105.4% | ||
| Q3 25 | 6.6% | 43.9% | ||
| Q2 25 | -23.5% | 37.7% | ||
| Q1 25 | 15.4% | -15.9% | ||
| Q4 24 | 11.6% | 123.2% | ||
| Q3 24 | 13.0% | 37.7% | ||
| Q2 24 | 36.1% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 3.9% | ||
| Q3 25 | 7.7% | 0.8% | ||
| Q2 25 | 11.0% | 2.6% | ||
| Q1 25 | 4.0% | 2.2% | ||
| Q4 24 | 1.4% | 6.3% | ||
| Q3 24 | 2.3% | 2.5% | ||
| Q2 24 | 2.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | -0.50× | 3.19× | ||
| Q3 25 | 1.63× | 1.40× | ||
| Q2 25 | -1.00× | 1.83× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.79× | 4.25× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | 3.21× | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
