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SHLS vs GNRC vs REZI vs ARRY vs FTCI
Revenue, margins, valuation, and 5-year total return — side by side.
Industrial - Machinery
Security & Protection Services
Solar
Solar
SHLS vs GNRC vs REZI vs ARRY vs FTCI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Solar | Industrial - Machinery | Security & Protection Services | Solar | Solar |
| Market Cap | $1.32B | $15.65B | $6.04B | $1.25B | $68M |
| Revenue (TTM) | $536M | $4.33B | $7.47B | $1.21B | $96M |
| Net Income (TTM) | $34M | $189M | $-527M | $-67M | $-41M |
| Gross Margin | 33.5% | 38.1% | 29.4% | 22.4% | 3.5% |
| Operating Margin | 11.2% | 7.5% | 8.1% | 4.5% | -36.3% |
| Forward P/E | 19.4x | 30.9x | 13.1x | 11.7x | — |
| Total Debt | $175M | $1.33B | $3.17B | $766M | $34M |
| Cash & Equiv. | $7M | $341M | $661M | $244M | $21M |
SHLS vs GNRC vs REZI vs ARRY vs FTCI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Apr 21 | May 26 | Return |
|---|---|---|---|
| Shoals Technologies… (SHLS) | 100 | 24.4 | -75.6% |
| Generac Holdings In… (GNRC) | 100 | 82.3 | -17.7% |
| Resideo Technologie… (REZI) | 100 | 134.2 | +34.2% |
| Array Technologies,… (ARRY) | 100 | 29.1 | -70.9% |
| FTC Solar, Inc. (FTCI) | 100 | 3.1 | -96.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SHLS vs GNRC vs REZI vs ARRY vs FTCI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SHLS has the current edge in this matchup, primarily because of its strength in quality and efficiency.
- 6.3% margin vs FTCI's -42.1%
- 3.7% ROA vs FTCI's -40.1%
GNRC is the #2 pick in this set and the best alternative if long-term compounding and sleep-well-at-night is your priority.
- 6.7% 10Y total return vs REZI's 38.9%
- Lower volatility, beta 1.69, Low D/E 50.5%, current ratio 2.03x
- Beta 1.69, yield 0.0%, current ratio 2.03x
- Beta 1.69 vs FTCI's 2.75
REZI ranks third and is worth considering specifically for income & stability.
- Dividend streak 2 yrs, beta 2.27, yield 0.6%
- 0.6% yield; 2-year raise streak; the other 4 pay no meaningful dividend
ARRY is the clearest fit if your priority is value.
- Better valuation composite
FTCI is the clearest fit if your priority is growth exposure.
- Rev growth 110.5%, EPS growth -43.3%, 3Y rev CAGR -6.8%
- 110.5% revenue growth vs GNRC's -2.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 110.5% revenue growth vs GNRC's -2.0% | |
| Value | Better valuation composite | |
| Quality / Margins | 6.3% margin vs FTCI's -42.1% | |
| Stability / Safety | Beta 1.69 vs FTCI's 2.75 | |
| Dividends | 0.6% yield; 2-year raise streak; the other 4 pay no meaningful dividend | |
| Momentum (1Y) | +129.9% vs FTCI's +43.3% | |
| Efficiency (ROA) | 3.7% ROA vs FTCI's -40.1% |
SHLS vs GNRC vs REZI vs ARRY vs FTCI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
SHLS vs GNRC vs REZI vs ARRY vs FTCI — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
SHLS leads in 2 of 6 categories
ARRY leads 1 • GNRC leads 1 • REZI leads 0 • FTCI leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
SHLS leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
REZI is the larger business by revenue, generating $7.5B annually — 77.7x FTCI's $96M. SHLS is the more profitable business, keeping 6.3% of every revenue dollar as net income compared to FTCI's -42.1%. On growth, SHLS holds the edge at +74.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $536M | $4.3B | $7.5B | $1.2B | $96M |
| EBITDAEarnings before interest/tax | $73M | $472M | $802M | $95M | -$34M |
| Net IncomeAfter-tax profit | $34M | $189M | -$527M | -$67M | -$41M |
| Free Cash FlowCash after capex | -$77M | $419M | -$1.3B | $58M | -$39M |
| Gross MarginGross profit ÷ Revenue | +33.5% | +38.1% | +29.4% | +22.4% | +3.5% |
| Operating MarginEBIT ÷ Revenue | +11.2% | +7.5% | +8.1% | +4.5% | -36.3% |
| Net MarginNet income ÷ Revenue | +6.3% | +4.4% | -7.1% | -5.6% | -42.1% |
| FCF MarginFCF ÷ Revenue | -14.5% | +9.7% | -16.8% | +4.8% | -40.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +74.9% | +12.4% | +2.0% | -26.1% | -17.0% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +69.9% | +11.4% | -7.0% | -24.1% |
Valuation Metrics
ARRY leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 39.2x trailing earnings, SHLS trades at a 60% valuation discount to GNRC's 99.2x P/E. On an enterprise value basis, REZI's 10.7x EV/EBITDA is more attractive than GNRC's 34.4x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $1.3B | $15.7B | $6.0B | $1.3B | $68M |
| Enterprise ValueMkt cap + debt − cash | $1.5B | $16.6B | $8.5B | $1.8B | $81M |
| Trailing P/EPrice ÷ TTM EPS | 39.20x | 99.17x | -10.68x | -11.23x | -0.78x |
| Forward P/EPrice ÷ next-FY EPS est. | 19.40x | 30.91x | 13.07x | 11.75x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 22.83x | 34.39x | 10.65x | 13.50x | — |
| Price / SalesMarket cap ÷ Revenue | 2.77x | 3.72x | 0.81x | 0.98x | 0.68x |
| Price / BookPrice ÷ Book value/share | 2.20x | 5.99x | 2.06x | 4.80x | — |
| Price / FCFMarket cap ÷ FCF | — | 58.38x | — | 15.72x | — |
Profitability & Efficiency
SHLS leads this category, winning 3 of 9 comparable metrics.
Profitability & Efficiency
GNRC delivers a 7.2% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-21 for ARRY. SHLS carries lower financial leverage with a 0.29x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARRY's 2.94x. On the Piotroski fundamental quality scale (0–9), GNRC scores 6/9 vs FTCI's 3/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +5.7% | +7.2% | -18.1% | -20.6% | — |
| ROA (TTM)Return on assets | +3.7% | +3.4% | -6.2% | -4.4% | -40.1% |
| ROICReturn on invested capital | +5.9% | +5.9% | +9.0% | +9.0% | — |
| ROCEReturn on capital employed | +7.6% | +6.9% | +9.3% | +8.2% | -86.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 4 | 5 | 3 |
| Debt / EquityFinancial leverage | 0.29x | 0.51x | 1.09x | 2.94x | — |
| Net DebtTotal debt minus cash | $168M | $992M | $2.5B | $522M | $13M |
| Cash & Equiv.Liquid assets | $7M | $341M | $661M | $244M | $21M |
| Total DebtShort + long-term debt | $175M | $1.3B | $3.2B | $766M | $34M |
| Interest CoverageEBIT ÷ Interest expense | 5.91x | 4.54x | -2.36x | -2.42x | -13.63x |
Total Returns (Dividends Reinvested)
Evenly matched — GNRC and REZI each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in REZI five years ago would be worth $13,299 today (with dividends reinvested), compared to $344 for FTCI. Over the past 12 months, GNRC leads with a +129.9% total return vs FTCI's +43.3%. The 3-year compound annual growth rate (CAGR) favors REZI at 34.9% vs FTCI's -45.5% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -13.8% | +89.1% | +14.5% | -15.3% | -65.1% |
| 1-Year ReturnPast 12 months | +66.5% | +129.9% | +111.6% | +62.7% | +43.3% |
| 3-Year ReturnCumulative with dividends | -60.2% | +141.5% | +145.5% | -56.1% | -83.8% |
| 5-Year ReturnCumulative with dividends | -72.8% | -18.5% | +33.0% | -67.7% | -96.6% |
| 10-Year ReturnCumulative with dividends | -74.7% | +666.1% | +38.9% | -77.5% | -97.0% |
| CAGR (3Y)Annualised 3-year return | -26.5% | +34.2% | +34.9% | -24.0% | -45.5% |
Risk & Volatility
GNRC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
GNRC is the less volatile stock with a 1.69 beta — it tends to amplify market swings less than FTCI's 2.75 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GNRC currently trades 99.0% from its 52-week high vs FTCI's 33.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.08x | 1.69x | 2.27x | 2.32x | 2.75x |
| 52-Week HighHighest price in past year | $11.36 | $269.58 | $45.29 | $12.23 | $12.75 |
| 52-Week LowLowest price in past year | $3.81 | $113.96 | $18.88 | $4.92 | $2.90 |
| % of 52W HighCurrent price vs 52-week peak | +69.0% | +99.0% | +88.9% | +67.0% | +33.5% |
| RSI (14)Momentum oscillator 0–100 | 63.2 | 77.8 | 61.4 | 56.4 | 42.2 |
| Avg Volume (50D)Average daily shares traded | 5.1M | 895K | 1.1M | 6.0M | 189K |
Analyst Outlook
Evenly matched — SHLS and REZI each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: SHLS as "Buy", GNRC as "Buy", REZI as "Buy", ARRY as "Buy", FTCI as "Buy". Consensus price targets imply 251.3% upside for FTCI (target: $15) vs -0.7% for REZI (target: $40). REZI is the only dividend payer here at 0.58% yield — a key consideration for income-focused portfolios.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $9.83 | $271.22 | $40.00 | $9.17 | $15.00 |
| # AnalystsCovering analysts | 23 | 39 | 7 | 28 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | +0.0% | +0.6% | — | — |
| Dividend StreakConsecutive years of raises | 3 | 1 | 2 | 1 | — |
| Dividend / ShareAnnual DPS | — | $0.00 | $0.23 | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | +0.9% | 0.0% | 0.0% | 0.0% |
SHLS leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ARRY leads in 1 (Valuation Metrics). 2 tied.
SHLS vs GNRC vs REZI vs ARRY vs FTCI: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is SHLS or GNRC or REZI or ARRY or FTCI a better buy right now?
For growth investors, FTC Solar, Inc.
(FTCI) is the stronger pick with 110. 5% revenue growth year-over-year, versus -2. 0% for Generac Holdings Inc. (GNRC). Shoals Technologies Group, Inc. (SHLS) offers the better valuation at 39. 2x trailing P/E (19. 4x forward), making it the more compelling value choice. Analysts rate Shoals Technologies Group, Inc. (SHLS) a "Buy" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SHLS or GNRC or REZI or ARRY or FTCI?
On trailing P/E, Shoals Technologies Group, Inc.
(SHLS) is the cheapest at 39. 2x versus Generac Holdings Inc. at 99. 2x. On forward P/E, Array Technologies, Inc. is actually cheaper at 11. 7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — SHLS or GNRC or REZI or ARRY or FTCI?
Over the past 5 years, Resideo Technologies, Inc.
(REZI) delivered a total return of +33. 0%, compared to -96. 6% for FTC Solar, Inc. (FTCI). Over 10 years, the gap is even starker: GNRC returned +666. 1% versus FTCI's -97. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SHLS or GNRC or REZI or ARRY or FTCI?
By beta (market sensitivity over 5 years), Generac Holdings Inc.
(GNRC) is the lower-risk stock at 1. 69β versus FTC Solar, Inc. 's 2. 75β — meaning FTCI is approximately 62% more volatile than GNRC relative to the S&P 500. On balance sheet safety, Shoals Technologies Group, Inc. (SHLS) carries a lower debt/equity ratio of 29% versus 3% for Array Technologies, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — SHLS or GNRC or REZI or ARRY or FTCI?
By revenue growth (latest reported year), FTC Solar, Inc.
(FTCI) is pulling ahead at 110. 5% versus -2. 0% for Generac Holdings Inc. (GNRC). On earnings-per-share growth, the picture is similar: Array Technologies, Inc. grew EPS 62. 6% year-over-year, compared to -718. 0% for Resideo Technologies, Inc.. Over a 3-year CAGR, SHLS leads at 13. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SHLS or GNRC or REZI or ARRY or FTCI?
Shoals Technologies Group, Inc.
(SHLS) is the more profitable company, earning 7. 1% net margin versus -77. 2% for FTC Solar, Inc. — meaning it keeps 7. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SHLS leads at 11. 9% versus -33. 5% for FTCI. At the gross margin level — before operating expenses — GNRC leads at 38. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SHLS or GNRC or REZI or ARRY or FTCI more undervalued right now?
On forward earnings alone, Array Technologies, Inc.
(ARRY) trades at 11. 7x forward P/E versus 30. 9x for Generac Holdings Inc. — 19. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FTCI: 251. 3% to $15. 00.
08Which pays a better dividend — SHLS or GNRC or REZI or ARRY or FTCI?
In this comparison, REZI (0.
6% yield) pays a dividend. SHLS, GNRC, ARRY, FTCI do not pay a meaningful dividend and should not be held primarily for income.
09Is SHLS or GNRC or REZI or ARRY or FTCI better for a retirement portfolio?
For long-horizon retirement investors, Generac Holdings Inc.
(GNRC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+666. 1% 10Y return). FTC Solar, Inc. (FTCI) carries a higher beta of 2. 75 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (GNRC: +666. 1%, FTCI: -97. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SHLS and GNRC and REZI and ARRY and FTCI?
These companies operate in different sectors (SHLS (Energy) and GNRC (Industrials) and REZI (Industrials) and ARRY (Energy) and FTCI (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: SHLS is a small-cap high-growth stock; GNRC is a mid-cap quality compounder stock; REZI is a small-cap quality compounder stock; ARRY is a small-cap high-growth stock; FTCI is a small-cap high-growth stock. REZI pays a dividend while SHLS, GNRC, ARRY, FTCI do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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