vs
Shoals Technologies Group, Inc.（SHLS）与合众银行（STBA）财务数据对比。点击上方公司名可切换其他公司
Shoals Technologies Group, Inc.的季度营收约是合众银行的1.5倍（$148.3M vs $102.1M），合众银行净利率更高（34.4% vs 5.5%，领先28.9%），过去两年Shoals Technologies Group, Inc.的营收复合增速更高（27.8% vs 2.6%）
Shoals科技集团是可再生能源及电动出行领域的电气系统平衡解决方案供应商，核心产品覆盖光伏、储能及充电桩用连接组件，主要服务北美、欧洲、亚太市场的公用事业、工商业及民用客户。
合众银行是总部位于美国明尼苏达州明尼阿波利斯、注册地为特拉华州的跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构。旗下核心运营主体为美国合众银行全国协会，以“U.S. Bank”品牌开展业务，提供银行、投资、抵押贷款等多元金融服务。
SHLS vs STBA — 直观对比
营收规模更大
SHLS
是对方的1.5倍
$102.1M
净利率更高
STBA
高出28.9%
5.5%
两年增速更快
SHLS
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $148.3M | $102.1M |
| 净利润 | $8.1M | $35.1M |
| 毛利率 | 31.6% | — |
| 营业利润率 | 11.7% | — |
| 净利率 | 5.5% | 34.4% |
| 营收同比 | 38.6% | — |
| 净利润同比 | 3.9% | 5.0% |
| 每股收益（稀释后） | $0.05 | $0.94 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收SHLSSTBA
| Q1 26 | — | $102.1M | ||
| Q4 25 | $148.3M | $105.3M | ||
| Q3 25 | $135.8M | $103.0M | ||
| Q2 25 | $110.8M | $100.1M | ||
| Q1 25 | $80.4M | $93.8M | ||
| Q4 24 | $107.0M | $94.3M | ||
| Q3 24 | $102.2M | $96.4M | ||
| Q2 24 | $99.2M | $96.9M |
净利润SHLSSTBA
| Q1 26 | — | $35.1M | ||
| Q4 25 | $8.1M | $34.0M | ||
| Q3 25 | $11.9M | $35.0M | ||
| Q2 25 | $13.9M | $31.9M | ||
| Q1 25 | $-282.0K | $33.4M | ||
| Q4 24 | $7.8M | $33.1M | ||
| Q3 24 | $-267.0K | $32.6M | ||
| Q2 24 | $11.8M | $34.4M |
毛利率SHLSSTBA
| 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% | — |
营业利润率SHLSSTBA
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 40.3% | ||
| Q3 25 | 13.7% | 42.6% | ||
| Q2 25 | 14.4% | 40.0% | ||
| Q1 25 | 5.4% | 44.5% | ||
| Q4 24 | 15.4% | 43.8% | ||
| Q3 24 | 4.4% | 43.0% | ||
| Q2 24 | 18.7% | 44.2% |
净利率SHLSSTBA
| Q1 26 | — | 34.4% | ||
| Q4 25 | 5.5% | 32.3% | ||
| Q3 25 | 8.7% | 33.9% | ||
| Q2 25 | 12.5% | 31.9% | ||
| Q1 25 | -0.4% | 35.6% | ||
| Q4 24 | 7.3% | 35.1% | ||
| Q3 24 | -0.3% | 33.8% | ||
| Q2 24 | 11.9% | 35.5% |
每股收益（稀释后）SHLSSTBA
| Q1 26 | — | $0.94 | ||
| Q4 25 | $0.05 | $0.88 | ||
| Q3 25 | $0.07 | $0.91 | ||
| Q2 25 | $0.08 | $0.83 | ||
| Q1 25 | $0.00 | $0.87 | ||
| Q4 24 | $0.04 | $0.86 | ||
| Q3 24 | $0.00 | $0.85 | ||
| Q2 24 | $0.07 | $0.89 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $7.3M | — |
| 总债务越低越好 | — | $100.8M |
| 股东权益账面价值 | $600.0M | $1.4B |
| 总资产 | $904.1M | $9.9B |
| 负债/权益比越低杠杆越低 | — | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资SHLSSTBA
| Q1 26 | — | — | ||
| Q4 25 | $7.3M | $163.4M | ||
| Q3 25 | $8.6M | $196.2M | ||
| Q2 25 | $4.7M | $203.1M | ||
| Q1 25 | $35.6M | $211.8M | ||
| Q4 24 | $23.5M | $244.8M | ||
| Q3 24 | $11.1M | $228.1M | ||
| Q2 24 | $3.2M | $246.3M |
总债务SHLSSTBA
| Q1 26 | — | $100.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $141.8M | — | ||
| Q4 24 | $141.8M | — | ||
| Q3 24 | $141.8M | — | ||
| Q2 24 | $146.8M | — |
股东权益SHLSSTBA
| Q1 26 | — | $1.4B | ||
| Q4 25 | $600.0M | $1.5B | ||
| Q3 25 | $589.6M | $1.5B | ||
| Q2 25 | $575.4M | $1.4B | ||
| Q1 25 | $558.9M | $1.4B | ||
| Q4 24 | $556.8M | $1.4B | ||
| Q3 24 | $545.2M | $1.4B | ||
| Q2 24 | $544.6M | $1.3B |
总资产SHLSSTBA
| Q1 26 | — | $9.9B | ||
| Q4 25 | $904.1M | $9.9B | ||
| Q3 25 | $851.8M | $9.8B | ||
| Q2 25 | $795.0M | $9.8B | ||
| Q1 25 | $788.4M | $9.7B | ||
| Q4 24 | $793.1M | $9.7B | ||
| Q3 24 | $801.3M | $9.6B | ||
| Q2 24 | $788.4M | $9.6B |
负债/权益比SHLSSTBA
| Q1 26 | — | 0.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.27× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-4.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-11.3M | — |
| 自由现金流率自由现金流/营收 | -7.6% | — |
| 资本支出强度资本支出/营收 | 4.8% | — |
| 现金转化率经营现金流/净利润 | -0.50× | — |
| 过去12个月自由现金流最近4个季度 | $-16.0M | — |
8季度趋势，按日历期对齐
经营现金流SHLSSTBA
| Q1 26 | — | — | ||
| Q4 25 | $-4.1M | $133.6M | ||
| Q3 25 | $19.4M | $40.5M | ||
| Q2 25 | $-13.8M | $28.3M | ||
| Q1 25 | $15.6M | $28.7M | ||
| Q4 24 | $14.0M | $173.4M | ||
| Q3 24 | $15.7M | $27.6M | ||
| Q2 24 | $37.8M | $44.7M |
自由现金流SHLSSTBA
| Q1 26 | — | — | ||
| Q4 25 | $-11.3M | $128.8M | ||
| Q3 25 | $9.0M | $39.9M | ||
| Q2 25 | $-26.0M | $27.1M | ||
| Q1 25 | $12.3M | $27.0M | ||
| Q4 24 | $12.5M | $170.4M | ||
| Q3 24 | $13.3M | $26.9M | ||
| Q2 24 | $35.8M | $43.9M |
自由现金流率SHLSSTBA
| Q1 26 | — | — | ||
| Q4 25 | -7.6% | 122.4% | ||
| Q3 25 | 6.6% | 38.7% | ||
| Q2 25 | -23.5% | 27.1% | ||
| Q1 25 | 15.4% | 28.8% | ||
| Q4 24 | 11.6% | 180.7% | ||
| Q3 24 | 13.0% | 28.0% | ||
| Q2 24 | 36.1% | 45.3% |
资本支出强度SHLSSTBA
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 4.5% | ||
| Q3 25 | 7.7% | 0.6% | ||
| Q2 25 | 11.0% | 1.2% | ||
| Q1 25 | 4.0% | 1.8% | ||
| Q4 24 | 1.4% | 3.1% | ||
| Q3 24 | 2.3% | 0.7% | ||
| Q2 24 | 2.0% | 0.9% |
现金转化率SHLSSTBA
| Q1 26 | — | — | ||
| Q4 25 | -0.50× | 3.93× | ||
| Q3 25 | 1.63× | 1.16× | ||
| Q2 25 | -1.00× | 0.89× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 1.79× | 5.24× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | 3.21× | 1.30× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
STBA
| Net Interest Income | $88.4M | 87% |
| Noninterest Income | $13.6M | 13% |
