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6Apr 23, 2026·SEC
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Shenandoah Telecommunications Company (SHEN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Shenandoah Telecommunications Company (SHEN) stock price & volume — 10-year historical chart
Shenandoah Telecommunications Company (SHEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Shenandoah Telecommunications Company (SHEN) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 1, 2026 | $0.31vs $0.24-29.2% | $92Mvs $91M+0.9% |
| Q1 2026 | Feb 26, 2026 | $0.10vs $0.20+50.0% | $92Mvs $90M+1.7% |
| Q4 2025 | Oct 29, 2025 | $0.20vs $0.22+9.1% | $90Mvs $90M-0.3% |
| Q3 2025 | Jul 31, 2025 | $0.19vs $0.20+5.0% | $89Mvs $91M-2.6% |
Shenandoah Telecommunications Company (SHEN) competitors in Fixed Broadband and Cable Operators — business model, growth, and fundamentals comparison
Shenandoah Telecommunications Company (SHEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Shenandoah Telecommunications Company (SHEN) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 611.99M | 630.85M | 206.86M | 220.78M | 245.24M | 248.91M | 287.38M | 328.06M | 357.85M |
| Revenue Growth % | 14.33% | 3.08% | -67.21% | 6.73% | 11.08% | 1.5% | 15.45% | 14.16% | 9.08% |
| Cost of Revenue | 211.51M | 257.98M | 83.57M | 89.66M | 102.3M | 102.28M | 106.1M | 128.11M | 261.73M |
| Gross Profit | 400.48M▲ 0% | 372.87M▼ 6.9% | 123.29M▼ 66.9% | 131.12M▲ 6.3% | 142.94M▲ 9.0% | 146.63M▲ 2.6% | 181.28M▲ 23.6% | 199.95M▲ 10.3% | 96.12M▼ 51.9% |
| Gross Margin % | 65.44% | 59.11% | 59.6% | 59.39% | 58.29% | 58.91% | 63.08% | 60.95% | 26.86% |
| Gross Profit Growth % | 17.18% | -6.89% | -66.94% | 6.35% | 9.02% | 2.58% | 23.63% | 10.3% | -51.93% |
| Operating Expenses | 342.94M | 279.63M | 124.63M | 133.72M | 145.37M | 164.09M | 171.65M | 228.54M | 118.19M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| EBITDA | 225.04M | 259.99M | 45.85M | 46.44M | 53.2M | 41.63M | 75.72M | 69.86M | 109.55M |
| EBITDA Margin % | 36.77% | 41.21% | 22.17% | 21.03% | 21.69% | 16.72% | 26.35% | 21.3% | 30.61% |
| EBITDA Growth % | 24.36% | 15.53% | -82.36% | 1.27% | 14.56% | -21.75% | 81.89% | -7.73% | 56.81% |
| Depreciation & Amortization | 178.53M | 166.75M | 47.2M | 49.04M | 55.63M | 59.08M | 66.09M | 98.45M | 131.61M |
| D&A / Revenue % | 29.17% | 26.43% | 22.82% | 22.21% | 22.68% | 23.74% | 23% | 30.01% | 36.78% |
| Operating Income (EBIT) | 46.51M▲ 0% | 93.25M▲ 100.5% | -1.34M▼ 101.4% | -2.6M▼ 93.8% | -2.43M▲ 6.6% | -17.46M▼ 618.4% | 9.62M▲ 155.1% | -28.59M▼ 397.1% | -22.06M▲ 22.8% |
| Operating Margin % | 7.6% | 14.78% | -0.65% | -1.18% | -0.99% | -7.01% | 3.35% | -8.72% | -6.17% |
| Operating Income Growth % | 106.47% | 100.49% | -101.44% | -93.82% | 6.57% | -618.35% | 155.13% | -397.08% | 22.83% |
| Interest Expense | 38.24M | 34.85M | 29.47M | 0 | 0 | 9.18M | 0 | 15.9M | 25.37M |
| Interest Coverage | 1.37x | -0.09x | -0.05x | - | - | -0.39x | - | -1.39x | -0.65x |
| Interest / Revenue % | 6.25% | 5.52% | 14.25% | 0% | 0% | 3.69% | 0% | 4.85% | 7.09% |
| Non-Operating Income | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K |
| Pretax Income | 13.26M▲ 0% | 62.11M▲ 368.5% | 1.94M▼ 96.9% | 586K▼ 69.8% | 6.24M▲ 964.0% | -18.82M▼ 401.8% | 11.01M▲ 158.5% | -38.03M▼ 445.4% | -41.86M▼ 10.1% |
| Pretax Margin % | 2.17% | 9.85% | 0.94% | 0.27% | 2.54% | -7.56% | 3.83% | -11.59% | -11.7% |
| Income Tax | -53.13M | 15.52M | 6K | -990K | -1.69M | -3.4M | 2.97M | -9.67M | -8.91M |
| Effective Tax Rate % | -400.79% | 24.98% | 0.31% | -168.94% | -27.17% | 18.07% | 27% | 25.43% | 21.29% |
| Net Income | 66.39M▲ 0% | 46.59M▼ 29.8% | 55.5M▲ 19.1% | 125.67M▲ 126.4% | 998.83M▲ 694.8% | -8.38M▼ 100.8% | 8.04M▲ 195.9% | 190.39M▲ 2268.6% | -39.39M▼ 120.7% |
| Net Margin % | 10.85% | 7.39% | 26.83% | 56.92% | 407.29% | -3.37% | 2.8% | 58.03% | -11.01% |
| Net Income Growth % | 7517.88% | -29.82% | 19.11% | 126.44% | 694.79% | -100.84% | 195.93% | 2268.6% | -120.69% |
| EPS (Diluted) | 1.33▲ 0% | 0.93▼ 30.1% | 1.12▲ 20.4% | 0.05▼ 95.3% | 0.16▲ 204.8% | -0.17▼ 206.3% | 0.16▲ 194.1% | 3.54▲ 2112.5% | -0.71▼ 120.1% |
| EPS Growth % | 7367.76% | -30.08% | 20.43% | -95.31% | 204.76% | -206.25% | 194.12% | 2112.5% | -120.06% |
| EPS (Basic) | 1.35 | 0.94 | 1.12 | 0.05 | 0.16 | -0.17 | 0.16 | 3.54 | -0.71 |
| Diluted Shares Outstanding | 50.03M | 50.06M | 50.1M | 50.02M | 50.15M | 50.16M | 50.72M | 53.72M | 55.1M |
Shenandoah Telecommunications Company (SHEN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.41B | 1.48B | 2.03B | 2.02B | 890.73M | 977.72M | 1.21B | 1.74B | 1.91B |
| Asset Growth % | -4.89% | 5.16% | 36.86% | -0.37% | -56% | 9.77% | 24.19% | 43.32% | 9.8% |
| PP&E (Net) | 686.33M | 701.36M | 405.65M | 490.81M | 610.58M | 741.41M | 930.14M | 1.46B | 1.62B |
| PP&E / Total Assets % | 48.61% | 47.24% | 19.96% | 24.24% | 68.55% | 75.83% | 76.6% | 83.78% | 84.85% |
| Total Current Assets | 172.9M | 210.2M | 236.96M | 1.41B | 166.37M | 128.56M | 176.07M | 94.52M | 97.44M |
| Cash & Equivalents | 78.58M | 85.09M | 101.65M | 195.4M | 84.34M | 44.06M | 139.25M | 46.27M | 27.26M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 5.7M | 5.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 3.53M | 6.98M | 58.29M | 1.14B | 4.52M | 26.69M | 7.19M | 9.85M | 29.09M |
| Long-Term Investments | 11.47M | 10.79M | 13.64M | 13.77M | 13.66M | 12.97M | 11.71M | 15.71M | 16.51M |
| Goodwill | 146.5M | 146.5M | 2.69M | 3.24M | 3.24M | 3.24M | 3.24M | 67.06M | 67.54M |
| Intangible Assets | 380.98M | 366.03M | 85.55M | 103.52M | 86.59M | 78.27M | 77.88M | 90.67M | 89.35M |
| Other Assets | -87.19M | -77.56M | 1.15B | 6.45M | 10.3M | 13.26M | 15.19M | 14.23M | 18.65M |
| Total Liabilities | 1.06B | 1.04B | 1.56B | 1.45B | 248.46M | 339.71M | 561.56M | 739.23M | 941.47M |
| Total Debt | 757.56M | 749.62M | 766.06M | 738.02M | 56.62M | 129.76M | 352.73M | 432.3M | 641.69M |
| Net Debt | 678.98M | 664.54M | 664.41M | 542.62M | -27.72M | 85.7M | 213.48M | 386.03M | 614.43M |
| Long-Term Debt | 757.56M | 749.62M | 688.46M | 0 | 0 | 74.31M | 292.8M | 407.68M | 628.24M |
| Short-Term Borrowings | 64.4M | 20.62M | 33.38M | 688.46M | 0 | 648K | 7.09M | 9.2M | 0 |
| Capital Lease Obligations | 0 | 0 | 44.22M | 49.56M | 56.62M | 54.81M | 52.83M | 15.42M | 13.45M |
| Total Current Liabilities | 137.58M | 88.54M | 153.58M | 1.21B | 67.29M | 96.42M | 98.36M | 114.57M | 108.5M |
| Accounts Payable | 28.95M | 35.99M | 40.3M | 19.6M | 28.54M | 49.17M | 53.55M | 57.82M | 61.35M |
| Accrued Expenses | 2.81M | 13.73M | 10.07M | 2.87M | 4.84M | 3.31M | 11.75M | 16.28M | 3.23M |
| Deferred Revenue | 21.15M | 7.92M | 12.45M | 8.59M | 11.13M | 12.43M | 18.19M | 16.1M | 16.91M |
| Other Current Liabilities | 16.4M | 18.2M | 69.83M | 478.54M | 19.46M | 28.04M | 22.88M | 12.1M | 24.18M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Liabilities | 166.49M | 204.36M | 390.2M | 24.33M | 22.1M | 13.73M | 14.31M | 10.09M | 9.24M |
| Total Equity | 350.22M▲ 0% | 442.25M▲ 26.3% | 472.43M▲ 6.8% | 577.05M▲ 22.1% | 642.27M▲ 11.3% | 638.01M▼ 0.7% | 652.67M▲ 2.3% | 1B▲ 53.4% | 969.29M▼ 3.2% |
| Equity Growth % | 18.36% | 26.28% | 6.82% | 22.15% | 11.3% | -0.66% | 2.3% | 53.38% | -3.17% |
| Shareholders Equity | 350.22M | 442.25M | 472.43M | 577.05M | 642.27M | 638.01M | 652.67M | 918.58M | 880.78M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82.46M | 88.51M |
| Common Stock | 44.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Additional Paid-in Capital | 44.79M | 47.46M | 42.11M | 47.32M | 49.35M | 57.45M | 66.93M | 147.73M | 157.22M |
| Retained Earnings | 297.2M | 386.51M | 430.01M | 534.44M | 592.92M | 580.55M | 584.07M | 769M | 723.57M |
| Accumulated OCI | 8.23M | 8.28M | 308K | -4.71M | 0 | 0 | 1.67M | 1.85M | 0 |
| Return on Assets (ROA) | 4.58% | 3.22% | 3.16% | 6.2% | 68.53% | -0.9% | 0.73% | 12.89% | -2.16% |
| Return on Equity (ROE) | 20.55% | 11.76% | 12.14% | 23.95% | 163.83% | -1.31% | 1.25% | 23.03% | -4% |
| Debt / Equity | 2.16x | 1.70x | 1.62x | 1.28x | 0.09x | 0.20x | 0.54x | 0.43x | 0.66x |
| Debt / Assets | 53.66% | 50.49% | 37.7% | 36.46% | 6.36% | 13.27% | 29.05% | 24.84% | 33.58% |
| Net Debt / EBITDA | 3.02x | 2.56x | 14.49x | 11.69x | -0.52x | 2.06x | 2.82x | 5.53x | 5.61x |
| Book Value per Share | 7 | 8.83 | 9.43 | 11.54 | 12.81 | 12.72 | 12.87 | 18.63 | 17.59 |
Shenandoah Telecommunications Company (SHEN) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 222.93M | 265.65M | 259.14M | 302.87M | -250.93M | 74.89M | 113.77M | 62.57M | 82.31M |
| Operating CF Growth % | 38.01% | 19.16% | -2.45% | 16.87% | -182.85% | 129.85% | 51.91% | -45.01% | 31.55% |
| Operating CF / Revenue % | 36.43% | 42.11% | 125.27% | 137.18% | -102.32% | 30.09% | 39.59% | 19.07% | 23% |
| Net Income | 66.39M | 46.59M | 54.94M | 2.63M | 7.93M | -15.42M | 8.04M | -31.79M | 0 |
| Depreciation & Amortization | 177.01M | 166.41M | 160.08M | 48.7M | 55.21M | 66.48M | 65.47M | 98.45M | 0 |
| Deferred Taxes | -54.05M | 6.21M | 11.64M | 15.31M | 22.26M | -1.41M | 2.97M | -9.76M | 0 |
| Other Non-Cash Items | 40.07M | 38.95M | 1.73M | 249.75M | -304.74M | 17.18M | 4.24M | -243K | 79.23M |
| Working Capital Changes | -10.07M | 2.53M | 26.94M | -19.43M | -35M | -464K | 23.02M | -3.94M | 3.07M |
| Capital Expenditures | -146.49M | -136.64M | -155.53M | -136.57M | 1.78B | -188.99M | -256.55M | -319.07M | -358.92M |
| CapEx / Revenue % | 23.94% | 21.66% | 75.19% | 61.86% | 727.6% | 75.93% | 89.27% | 97.26% | 0% |
| CapEx / D&A | 0.83x | 0.82x | 0.97x | 2.80x | 32.32x | 2.84x | 3.92x | 3.24x | - |
| CapEx Coverage (OCF/CapEx) | 1.52x | 1.94x | 1.67x | 2.22x | -0.14x | 0.40x | 0.44x | 0.20x | - |
| Cash from Investing | -151.5M | -187.8M | -165.33M | -155.59M | 1.78B | -184.18M | -236.69M | -339.41M | -294.66M |
| Acquisitions | -6M | -52M | -10M | -1.89M | 366K | 0 | 0 | -347.41M | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 14K | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 980K | 840K | 200K | -17.13M | 1.94B | 4.81M | 19.86M | 327.07M | -294.66M |
| Cash from Financing | -29.04M | -71.35M | -77.25M | -53.53M | -1.64B | 69M | 218.11M | 183.86M | 214.29M |
| Dividends Paid | -12.26M | -12.87M | -13.94M | -16.42M | -940.26M | -3.99M | -4.52M | -5.8M | -6.45M |
| Dividend Payout Ratio % | 18.46% | 27.61% | 25.12% | 13.07% | 94.14% | - | 56.27% | 3.05% | - |
| Debt Issuance (Net) | -1000K | -1000K | -1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -5.41M | -3.25M | -7.23M | -2.22M | -1.63M | 0 | -1.39M | -1.73M | 0 |
| Other Financing | 0 | -3.97M | 35K | -34.89M | -702.59M | -2.01M | -979K | 73.43M | -3.05M |
| Net Change in Cash | 42.39M▲ 0% | 6.5M▼ 84.7% | 16.57M▲ 154.8% | 93.75M▲ 465.9% | -111.05M▼ 218.5% | -40.28M▲ 63.7% | 95.19M▲ 336.3% | -92.98M▼ 197.7% | 1.93M▲ 102.1% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 36.19M | 78.58M | 85.09M | 101.65M | 195.4M | 84.34M | 44.06M | 139.25M | 46.27M |
| Cash at End | 78.58M | 85.09M | 101.65M | 195.4M | 84.34M | 44.06M | 139.25M | 46.27M | 48.2M |
| Free Cash Flow | 76.44M▲ 0% | 129.01M▲ 68.8% | 103.61M▼ 19.7% | 166.3M▲ 60.5% | 1.53B▲ 822.1% | -114.09M▼ 107.4% | -142.78M▼ 25.1% | -256.5M▼ 79.7% | -276.61M▼ 7.8% |
| FCF Growth % | 111.61% | 68.77% | -19.69% | 60.5% | 822.09% | -107.44% | -25.14% | -79.65% | -7.84% |
| FCF Margin % | 12.49% | 20.45% | 50.09% | 75.33% | 625.28% | -45.84% | -49.68% | -78.19% | -77.3% |
| FCF / Net Income % | 115.14% | 276.87% | 186.69% | 132.33% | 153.52% | 1361.67% | -1776.26% | -134.73% | 702.2% |
Shenandoah Telecommunications Company (SHEN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -0.31% | 20.55% | 11.76% | 12.14% | 23.95% | 163.83% | -1.31% | 1.25% | 23.03% | -4% |
| EBITDA Margin | 33.81% | 36.77% | 41.21% | 22.17% | 21.03% | 21.69% | 16.72% | 26.35% | 21.3% | 30.61% |
| Net Debt / EBITDA | 4.21x | 3.02x | 2.56x | 14.49x | 11.69x | -0.52x | 2.06x | 2.82x | 5.53x | 5.61x |
| Interest Coverage | 1.16x | 1.37x | -0.09x | -0.05x | - | - | -0.39x | - | -1.39x | -0.65x |
| CapEx / Revenue | 153.19% | 23.94% | 21.66% | 75.19% | 61.86% | 727.6% | 75.93% | 89.27% | 97.26% | 0% |
| Dividend Payout Ratio | - | 18.46% | 27.61% | 25.12% | 13.07% | 94.14% | - | 56.27% | 3.05% | - |
| Debt / Equity | 2.69x | 2.16x | 1.70x | 1.62x | 1.28x | 0.09x | 0.20x | 0.54x | 0.43x | 0.66x |
| EPS Growth | -102.2% | 7367.76% | -30.08% | 20.43% | -95.31% | 204.76% | -206.25% | 194.12% | 2112.5% | -120.06% |
Shenandoah Telecommunications Company (SHEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 23, 2026·SEC
Feb 26, 2026·SEC
Jan 22, 2026·SEC
Feb 26, 2026·SEC
Shenandoah Telecommunications Company (SHEN) stock FAQ — growth, dividends, profitability & financials explained
Shenandoah Telecommunications Company (SHEN) reported $266.3M in revenue for fiscal year 2025. This represents a 947% increase from $25.4M in 1996.
Shenandoah Telecommunications Company (SHEN) grew revenue by 9.1% over the past year. This is steady growth.
Shenandoah Telecommunications Company (SHEN) reported a net loss of $36.4M for fiscal year 2025.
Yes, Shenandoah Telecommunications Company (SHEN) pays a dividend with a yield of 0.73%. This makes it attractive for income-focused investors.
Shenandoah Telecommunications Company (SHEN) has a return on equity (ROE) of -4.0%. Negative ROE indicates the company is unprofitable.
Shenandoah Telecommunications Company (SHEN) had negative free cash flow of $275.7M in fiscal year 2025, likely due to heavy capital investments.
Shenandoah Telecommunications Company (SHEN) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.
Shenandoah Telecommunications Company (SHEN) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates