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SHEN logoShenandoah Telecommunications Company(SHEN)Earnings, Financials & Key Ratios

SHEN•NASDAQ•Utilities
$16.05
$888M mkt cap·Price updated May 6, 2026
SectorCommunication ServicesIndustryTelecom ServicesSub-IndustryFixed Broadband and Cable Operators
AboutShenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. Its Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky, via hybrid fiber coaxial cable under the Shentel brand, fiber optic services under the Glo Fiber brand, and fixed wireless network services under the Beam brand name. This segment leases fiber and provides Ethernet and wavelength fiber optic services. In addition, the company offers voice and digital subscriber line telephone services. The company's Tower segment owns 220 cell towers and leases colocation space on the towers. Shenandoah Telecommunications Company was founded in 1902 and is based in Edinburg, Virginia.Show more
  • Revenue$358M+9.1%
  • EBITDA$110M+56.8%
  • Net Income-$39M-120.7%
  • Free Cash Flow-$277M-7.8%
  • EBITDA Margin30.61%+43.8%
  • Net Margin-11.01%-119.0%
  • ROE-4%-117.4%
  • Interest Coverage-0.65+53.3%
  • Debt/Equity0.66+53.3%
  • Net Debt/EBITDA5.61+1.5%
  • CapEx / Revenue0%-100.0%
Technical→

SHEN Key Insights

Shenandoah Telecommunications Company (SHEN) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 81 (top 19%)
  • ✓Trading at only 0.9x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗High leverage: 5.9x Debt/EBITDA

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SHEN Price & Volume

Shenandoah Telecommunications Company (SHEN) stock price & volume — 10-year historical chart

Loading chart...

SHEN Growth Metrics

Shenandoah Telecommunications Company (SHEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years0.44%
5 Years10.14%
3 Years12.86%
TTM-18.84%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-118.94%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-36.2%

Return on Capital

10 Years0.79%
5 Years-0.95%
3 Years-0.8%
Last Year-1.29%

SHEN Recent Earnings

Shenandoah Telecommunications Company (SHEN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 1, 2026
EPS
$0.31
Est $0.24
-29.2%
Revenue
$92M
Est $91M
+0.9%
Q1 2026
Feb 26, 2026
EPS
$0.10
Est $0.20
+50.0%
Revenue
$92M
Est $90M
+1.7%
Q4 2025
Oct 29, 2025
EPS
$0.20
Est $0.22
+9.1%
Revenue
$90M
Est $90M
-0.3%
Q3 2025
Jul 31, 2025
EPS
$0.19
Est $0.20
+5.0%
Revenue
$89M
Est $91M
-2.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 1, 2026
$0.31vs $0.24-29.2%
$92Mvs $91M+0.9%
Q1 2026Feb 26, 2026
$0.10vs $0.20+50.0%
$92Mvs $90M+1.7%
Q4 2025Oct 29, 2025
$0.20vs $0.22+9.1%
$90Mvs $90M-0.3%
Q3 2025Jul 31, 2025
$0.19vs $0.20+5.0%
$89Mvs $91M-2.6%
Based on last 12 quarters of dataView full earnings history →

SHEN Peer Comparison

Shenandoah Telecommunications Company (SHEN) competitors in Fixed Broadband and Cable Operators — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
LUMN logoLUMNLumen Technologies, Inc.Direct Competitor9.51B9.23-5.27-5.39%-14.34%-79.42%3.9%
TDS logoTDSTelephone and Data Systems, Inc.Direct Competitor4.82B45.38-68.76-75.26%-0.21%-0.11%56.67%0.37
CABO logoCABOCable One, Inc.Product Competitor359.05M63.30-1.00-4.95%-17.67%-18.33%77.45%2.23
WOW logoWOWWideOpenWest, Inc.Product Competitor445.66M5.20-7.22-8.13%-13.2%-52.7%4.98
ATUS logoATUSAltice USA, Inc.Product Competitor539.38M1.89-8.59-4.06%-21.76%27.7%
CHTR logoCHTRCharter Communications, Inc.Product Competitor20.04B158.234.37-0.56%9.39%25.18%22.05%4.73
CSCO logoCSCOCisco Systems, Inc.Supply Chain373.43B94.3036.985.3%18.76%23.21%3.56%0.63
CIEN logoCIENCiena CorporationSupply Chain77.06B544.75640.8818.79%4.47%8.26%0.86%0.58

Compare SHEN vs Peers

Shenandoah Telecommunications Company (SHEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LUMN

Most directly comparable listed peer for SHEN.

Scale Benchmark

vs CSCO

Larger-name benchmark to compare SHEN against a more recognizable public peer.

Peer Set

Compare Top 5

vs LUMN, TDS, CABO, WOW

SHEN Income Statement

Shenandoah Telecommunications Company (SHEN) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue611.99M630.85M206.86M220.78M245.24M248.91M287.38M328.06M357.85M
Revenue Growth %14.33%3.08%-67.21%6.73%11.08%1.5%15.45%14.16%9.08%
Cost of Revenue211.51M257.98M83.57M89.66M102.3M102.28M106.1M128.11M261.73M
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 Expenses342.94M279.63M124.63M133.72M145.37M164.09M171.65M228.54M118.19M
Other Operating Expenses---------
EBITDA225.04M259.99M45.85M46.44M53.2M41.63M75.72M69.86M109.55M
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 & Amortization178.53M166.75M47.2M49.04M55.63M59.08M66.09M98.45M131.61M
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 Expense38.24M34.85M29.47M009.18M015.9M25.37M
Interest Coverage1.37x-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-1000K1000K1000K1000K1000K-1000K1000K-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-53.13M15.52M6K-990K-1.69M-3.4M2.97M-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)1.350.941.120.050.16-0.170.163.54-0.71
Diluted Shares Outstanding50.03M50.06M50.1M50.02M50.15M50.16M50.72M53.72M55.1M

SHEN Balance Sheet

Shenandoah Telecommunications Company (SHEN) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets1.41B1.48B2.03B2.02B890.73M977.72M1.21B1.74B1.91B
Asset Growth %-4.89%5.16%36.86%-0.37%-56%9.77%24.19%43.32%9.8%
PP&E (Net)686.33M701.36M405.65M490.81M610.58M741.41M930.14M1.46B1.62B
PP&E / Total Assets %48.61%47.24%19.96%24.24%68.55%75.83%76.6%83.78%84.85%
Total Current Assets172.9M210.2M236.96M1.41B166.37M128.56M176.07M94.52M97.44M
Cash & Equivalents78.58M85.09M101.65M195.4M84.34M44.06M139.25M46.27M27.26M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory5.7M5.26M0000000
Other Current Assets3.53M6.98M58.29M1.14B4.52M26.69M7.19M9.85M29.09M
Long-Term Investments11.47M10.79M13.64M13.77M13.66M12.97M11.71M15.71M16.51M
Goodwill146.5M146.5M2.69M3.24M3.24M3.24M3.24M67.06M67.54M
Intangible Assets380.98M366.03M85.55M103.52M86.59M78.27M77.88M90.67M89.35M
Other Assets-87.19M-77.56M1.15B6.45M10.3M13.26M15.19M14.23M18.65M
Total Liabilities1.06B1.04B1.56B1.45B248.46M339.71M561.56M739.23M941.47M
Total Debt757.56M749.62M766.06M738.02M56.62M129.76M352.73M432.3M641.69M
Net Debt678.98M664.54M664.41M542.62M-27.72M85.7M213.48M386.03M614.43M
Long-Term Debt757.56M749.62M688.46M0074.31M292.8M407.68M628.24M
Short-Term Borrowings64.4M20.62M33.38M688.46M0648K7.09M9.2M0
Capital Lease Obligations0044.22M49.56M56.62M54.81M52.83M15.42M13.45M
Total Current Liabilities137.58M88.54M153.58M1.21B67.29M96.42M98.36M114.57M108.5M
Accounts Payable28.95M35.99M40.3M19.6M28.54M49.17M53.55M57.82M61.35M
Accrued Expenses2.81M13.73M10.07M2.87M4.84M3.31M11.75M16.28M3.23M
Deferred Revenue21.15M7.92M12.45M8.59M11.13M12.43M18.19M16.1M16.91M
Other Current Liabilities16.4M18.2M69.83M478.54M19.46M28.04M22.88M12.1M24.18M
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities166.49M204.36M390.2M24.33M22.1M13.73M14.31M10.09M9.24M
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 Equity350.22M442.25M472.43M577.05M642.27M638.01M652.67M918.58M880.78M
Minority Interest000000082.46M88.51M
Common Stock44.79M00000000
Additional Paid-in Capital44.79M47.46M42.11M47.32M49.35M57.45M66.93M147.73M157.22M
Retained Earnings297.2M386.51M430.01M534.44M592.92M580.55M584.07M769M723.57M
Accumulated OCI8.23M8.28M308K-4.71M001.67M1.85M0
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 / Equity2.16x1.70x1.62x1.28x0.09x0.20x0.54x0.43x0.66x
Debt / Assets53.66%50.49%37.7%36.46%6.36%13.27%29.05%24.84%33.58%
Net Debt / EBITDA3.02x2.56x14.49x11.69x-0.52x2.06x2.82x5.53x5.61x
Book Value per Share78.839.4311.5412.8112.7212.8718.6317.59

SHEN Cash Flow Statement

Shenandoah Telecommunications Company (SHEN) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations222.93M265.65M259.14M302.87M-250.93M74.89M113.77M62.57M82.31M
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 Income66.39M46.59M54.94M2.63M7.93M-15.42M8.04M-31.79M0
Depreciation & Amortization177.01M166.41M160.08M48.7M55.21M66.48M65.47M98.45M0
Deferred Taxes-54.05M6.21M11.64M15.31M22.26M-1.41M2.97M-9.76M0
Other Non-Cash Items40.07M38.95M1.73M249.75M-304.74M17.18M4.24M-243K79.23M
Working Capital Changes-10.07M2.53M26.94M-19.43M-35M-464K23.02M-3.94M3.07M
Capital Expenditures-146.49M-136.64M-155.53M-136.57M1.78B-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&A0.83x0.82x0.97x2.80x32.32x2.84x3.92x3.24x-
CapEx Coverage (OCF/CapEx)1.52x1.94x1.67x2.22x-0.14x0.40x0.44x0.20x-
Cash from Investing-151.5M-187.8M-165.33M-155.59M1.78B-184.18M-236.69M-339.41M-294.66M
Acquisitions-6M-52M-10M-1.89M366K00-347.41M0
Purchase of Investments000000000
Sale of Investments14K1K0000000
Other Investing980K840K200K-17.13M1.94B4.81M19.86M327.07M-294.66M
Cash from Financing-29.04M-71.35M-77.25M-53.53M-1.64B69M218.11M183.86M214.29M
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-1000K001000K1000K1000K1000K
Stock Issued000000000
Share Repurchases-5.41M-3.25M-7.23M-2.22M-1.63M0-1.39M-1.73M0
Other Financing0-3.97M35K-34.89M-702.59M-2.01M-979K73.43M-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 Effect000000000
Cash at Beginning36.19M78.58M85.09M101.65M195.4M84.34M44.06M139.25M46.27M
Cash at End78.58M85.09M101.65M195.4M84.34M44.06M139.25M46.27M48.2M
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%

SHEN Key Ratios

Shenandoah Telecommunications Company (SHEN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-0.31%20.55%11.76%12.14%23.95%163.83%-1.31%1.25%23.03%-4%
EBITDA Margin33.81%36.77%41.21%22.17%21.03%21.69%16.72%26.35%21.3%30.61%
Net Debt / EBITDA4.21x3.02x2.56x14.49x11.69x-0.52x2.06x2.82x5.53x5.61x
Interest Coverage1.16x1.37x-0.09x-0.05x---0.39x--1.39x-0.65x
CapEx / Revenue153.19%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 / Equity2.69x2.16x1.70x1.62x1.28x0.09x0.20x0.54x0.43x0.66x
EPS Growth-102.2%7367.76%-30.08%20.43%-95.31%204.76%-206.25%194.12%2112.5%-120.06%

SHEN SEC Filings & Documents

Shenandoah Telecommunications Company (SHEN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Jan 22, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 26, 2026·SEC

10-Q Quarterly Reports

2
FY 2025

Oct 29, 2025·SEC

FY 2025

Jul 31, 2025·SEC

SHEN Frequently Asked Questions

Shenandoah Telecommunications Company (SHEN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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.

Dividend & Returns

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.

Industry Metrics

Shenandoah Telecommunications Company (SHEN) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

Explore More SHEN

Shenandoah Telecommunications Company (SHEN) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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