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Side-by-side financial comparison of Shoals Technologies Group, Inc. (SHLS) and Xenia Hotels & Resorts, Inc. (XHR). Click either name above to swap in a different company.
Xenia Hotels & Resorts, Inc. is the larger business by last-quarter revenue ($295.4M vs $148.3M, roughly 2.0× Shoals Technologies Group, Inc.). Xenia Hotels & Resorts, Inc. runs the higher net margin — 6.7% vs 5.5%, a 1.2% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 2.2%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 4.0%).
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.
Xenia Hotels & Resorts, Inc. is a real estate investment trust that invests in hotels. As of December 31, 2024, it owned 31 hotels comprising 9,408 rooms.
SHLS vs XHR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $148.3M | $295.4M |
| Net Profit | $8.1M | $19.8M |
| Gross Margin | 31.6% | — |
| Operating Margin | 11.7% | 14.1% |
| Net Margin | 5.5% | 6.7% |
| Revenue YoY | 38.6% | 2.2% |
| Net Profit YoY | 3.9% | 26.9% |
| EPS (diluted) | $0.05 | $0.21 |
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 | — | $295.4M | ||
| Q4 25 | $148.3M | $265.6M | ||
| Q3 25 | $135.8M | $236.4M | ||
| Q2 25 | $110.8M | $287.6M | ||
| Q1 25 | $80.4M | $288.9M | ||
| Q4 24 | $107.0M | $261.8M | ||
| Q3 24 | $102.2M | $236.8M | ||
| Q2 24 | $99.2M | $272.9M |
| Q1 26 | — | $19.8M | ||
| Q4 25 | $8.1M | $6.1M | ||
| Q3 25 | $11.9M | $-13.7M | ||
| Q2 25 | $13.9M | $55.2M | ||
| Q1 25 | $-282.0K | $15.6M | ||
| Q4 24 | $7.8M | $-638.0K | ||
| Q3 24 | $-267.0K | $-7.1M | ||
| Q2 24 | $11.8M | $15.3M |
| Q1 26 | — | — | ||
| Q4 25 | 31.6% | 30.4% | ||
| Q3 25 | 37.0% | 25.1% | ||
| Q2 25 | 37.2% | 33.6% | ||
| Q1 25 | 35.0% | 32.3% | ||
| Q4 24 | 37.6% | 29.0% | ||
| Q3 24 | 24.8% | 25.8% | ||
| Q2 24 | 40.3% | 31.9% |
| Q1 26 | — | 14.1% | ||
| Q4 25 | 11.7% | 10.1% | ||
| Q3 25 | 13.7% | 2.0% | ||
| Q2 25 | 14.4% | 14.0% | ||
| Q1 25 | 5.4% | 12.4% | ||
| Q4 24 | 15.4% | 8.2% | ||
| Q3 24 | 4.4% | 3.2% | ||
| Q2 24 | 18.7% | 11.1% |
| Q1 26 | — | 6.7% | ||
| Q4 25 | 5.5% | 2.3% | ||
| Q3 25 | 8.7% | -5.8% | ||
| Q2 25 | 12.5% | 19.2% | ||
| Q1 25 | -0.4% | 5.4% | ||
| Q4 24 | 7.3% | -0.2% | ||
| Q3 24 | -0.3% | -3.0% | ||
| Q2 24 | 11.9% | 5.6% |
| Q1 26 | — | $0.21 | ||
| Q4 25 | $0.05 | $0.07 | ||
| Q3 25 | $0.07 | $-0.14 | ||
| Q2 25 | $0.08 | $0.56 | ||
| Q1 25 | $0.00 | $0.15 | ||
| Q4 24 | $0.04 | $-0.01 | ||
| Q3 24 | $0.00 | $-0.07 | ||
| Q2 24 | $0.07 | $0.15 |
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 | $101.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $600.0M | $1.2B |
| Total Assets | $904.1M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $101.1M | ||
| Q4 25 | $7.3M | $140.4M | ||
| Q3 25 | $8.6M | $188.2M | ||
| Q2 25 | $4.7M | $172.6M | ||
| Q1 25 | $35.6M | $112.6M | ||
| Q4 24 | $23.5M | $78.2M | ||
| Q3 24 | $11.1M | $161.5M | ||
| Q2 24 | $3.2M | $143.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | $141.8M | $1.4B | ||
| Q4 24 | $141.8M | $1.3B | ||
| Q3 24 | $141.8M | $1.4B | ||
| Q2 24 | $146.8M | $1.4B |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $600.0M | $1.1B | ||
| Q3 25 | $589.6M | $1.2B | ||
| Q2 25 | $575.4M | $1.2B | ||
| Q1 25 | $558.9M | $1.2B | ||
| Q4 24 | $556.8M | $1.2B | ||
| Q3 24 | $545.2M | $1.3B | ||
| Q2 24 | $544.6M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $904.1M | $2.8B | ||
| Q3 25 | $851.8M | $2.9B | ||
| Q2 25 | $795.0M | $2.9B | ||
| Q1 25 | $788.4M | $2.9B | ||
| Q4 24 | $793.1M | $2.8B | ||
| Q3 24 | $801.3M | $2.9B | ||
| Q2 24 | $788.4M | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | 0.25× | 1.18× | ||
| Q4 24 | 0.25× | 1.07× | ||
| Q3 24 | 0.26× | 1.11× | ||
| Q2 24 | 0.27× | 1.09× |
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% | 23.7% |
| 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 | $21.4M | ||
| Q3 25 | $19.4M | $64.0M | ||
| Q2 25 | $-13.8M | $36.3M | ||
| Q1 25 | $15.6M | $54.8M | ||
| Q4 24 | $14.0M | $30.6M | ||
| Q3 24 | $15.7M | $51.2M | ||
| Q2 24 | $37.8M | $57.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-11.3M | $5.5M | ||
| Q3 25 | $9.0M | $44.2M | ||
| Q2 25 | $-26.0M | $17.8M | ||
| Q1 25 | $12.3M | $22.4M | ||
| Q4 24 | $12.5M | $6.2M | ||
| Q3 24 | $13.3M | $4.3M | ||
| Q2 24 | $35.8M | $21.4M |
| Q1 26 | — | — | ||
| Q4 25 | -7.6% | 2.1% | ||
| Q3 25 | 6.6% | 18.7% | ||
| Q2 25 | -23.5% | 6.2% | ||
| Q1 25 | 15.4% | 7.8% | ||
| Q4 24 | 11.6% | 2.4% | ||
| Q3 24 | 13.0% | 1.8% | ||
| Q2 24 | 36.1% | 7.8% |
| Q1 26 | — | 23.7% | ||
| Q4 25 | 4.8% | 6.0% | ||
| Q3 25 | 7.7% | 8.4% | ||
| Q2 25 | 11.0% | 6.4% | ||
| Q1 25 | 4.0% | 11.2% | ||
| Q4 24 | 1.4% | 9.3% | ||
| Q3 24 | 2.3% | 19.8% | ||
| Q2 24 | 2.0% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | -0.50× | 3.52× | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | -1.00× | 0.66× | ||
| Q1 25 | — | 3.51× | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.21× | 3.73× |
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% |
XHR
| Rooms revenues | $164.4M | 56% |
| Food and beverage revenues | $105.0M | 36% |
| Other revenues | $26.0M | 9% |
