Preformed Line Products vs Shoals Technologies Group
Preformed Line Products is the larger business, with $669m of revenue in fiscal 2025 against $475m for Shoals Technologies Group (1.4 times as much). Shoals Technologies Group grew faster (19.1% against 12.7%). Shoals Technologies Group kept more of each dollar of sales as profit: a net margin of 7.1% against 5.3%. Preformed Line Products carries less debt relative to equity (9.4% against 22.8%).
| Latest fiscal year | Preformed Line ProductsPLPC, 2025 | Shoals Technologies GroupSHLS, 2025 |
|---|---|---|
| Revenue | $669m | $475m |
| Revenue growth | 12.7% | 19.1% |
| Net income | $35.3m | $33.6m |
| Operating margin | 8.2% | 11.9% |
| Net margin | 5.3% | 7.1% |
| Return on equity | 7.9% | 5.8% |
| Free cash flow | $33.3m | −$16.0m |
| Cash | $83.4m | $7.3m |
| Total debt | $44.9m | $137m |
| Debt to equity | 9.4% | 22.8% |
| Dividend per share | $0.81 | — |
| Dividend yield | 0.3% | — |
| Share buybacks | $1.0m | $0 |
| Employees | 3,734 | 1,480 |
| Market value | $1.36bn | $1.29bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 59 (Moderate) | 44 (Weak) |
| Insider trades, 12 months | 0 buys, 3 sales | 0 buys, 4 sales |