Compare
indie Semiconductor, Inc. vs Applied Optoelectronics, Inc. vs FTC Solar, Inc. vs Shoals Technologies Group, Inc.
| Latest fiscal year | indie Semiconductor, Inc. INDI | Applied Optoelectronics, Inc. AAOI | FTC Solar, Inc. FTCI | Shoals Technologies Group, Inc. SHLS |
|---|---|---|---|---|
| Year ended | 2025-12-31 | 2025-12-31 | 2025-12-31 | 2025-12-31 |
| Revenue | $217.39M | $455.71M | $99.69M | $475.33M |
| Revenue growth (YoY) | +0.3% | +82.8% | +110.5% | +19.1% |
| Gross margin | 39.9% (computed) | 30.0% | -0.9% | 35.0% |
| Operating margin | -70.9% | -12.0% | -35.5% | 11.9% |
| Net margin | -65.8% | -8.4% | -79.8% | 7.1% |
| Net income | -$143.07M | -$38.23M | -$79.58M | $33.57M |
| EPS (Diluted) | -$0.73 | -$0.64 | -$5.68 | $0.20 |
| Operating cash flow | -$57.13M | -$174.43M | -$33.44M | $17.07M |
| Free cash flow | -$71.42M | -$353.58M | -$34.57M | -$15.98M |
| Cash & equivalents | $145.46M | $206.14M | $21.11M | $7.32M |
| Total assets | $840.79M | $1.17B | $111.81M | $904.10M |
| Total liabilities | $456.77M | $434.50M | $154.77M | $304.13M |
| Shareholders' equity | $358.03M | $733.92M | -$42.96M | $599.97M |
| Return on year-end equity | -40.0% | -5.2% | n/a | 5.6% |
| Shares outstanding | n/a | 75.00M | 15.54M | n/a |
Revenue, most recent five fiscal years
| Fiscal year | indie Semiconductor, Inc. | Applied Optoelectronics, Inc. | FTC Solar, Inc. | Shoals Technologies Group, Inc. |
|---|---|---|---|---|
| Latest | $217.39M Ended 2025-12-31 | $455.71M Ended 2025-12-31 | $99.69M Ended 2025-12-31 | $475.33M Ended 2025-12-31 |
| 1 year earlier | $216.68M Ended 2024-12-31 | $249.37M Ended 2024-12-31 | $47.35M Ended 2024-12-31 | $399.21M Ended 2024-12-31 |
| 2 years earlier | $223.17M Ended 2023-12-31 | $217.65M Ended 2023-12-31 | $127.00M Ended 2023-12-31 | $488.94M Ended 2023-12-31 |
| 3 years earlier | $110.80M Ended 2022-12-31 | $222.82M Ended 2022-12-31 | $123.07M Ended 2022-12-31 | $326.94M Ended 2022-12-31 |
| 4 years earlier | $48.41M Ended 2021-12-31 | $211.56M Ended 2021-12-31 | $270.52M Ended 2021-12-31 | $213.21M Ended 2021-12-31 |