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Side-by-side financial comparison of C3.ai, Inc. (AI) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $75.1M, roughly 1.2× C3.ai, Inc.). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -139.3%, a 133.4% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -20.3%). C3.ai, Inc. produced more free cash flow last quarter ($-46.9M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
AI vs SHEN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $91.6M |
| Net Profit | $-104.7M | $-5.4M |
| Gross Margin | 40.4% | — |
| Operating Margin | -149.2% | -1.0% |
| Net Margin | -139.3% | -5.9% |
| Revenue YoY | -20.3% | 7.2% |
| Net Profit YoY | -58.7% | -95.8% |
| EPS (diluted) | $-0.75 | $-0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | $91.6M | ||
| Q3 25 | $70.3M | $89.8M | ||
| Q2 25 | $108.7M | $88.6M | ||
| Q1 25 | $98.8M | $87.9M | ||
| Q4 24 | $94.3M | $85.4M | ||
| Q3 24 | $87.2M | $87.6M | ||
| Q2 24 | $86.6M | $85.8M | ||
| Q1 24 | $78.4M | $69.2M |
| Q4 25 | $-104.7M | $-5.4M | ||
| Q3 25 | $-116.8M | $-9.4M | ||
| Q2 25 | $-79.7M | $-9.0M | ||
| Q1 25 | $-80.2M | $-9.1M | ||
| Q4 24 | $-66.0M | $-2.7M | ||
| Q3 24 | $-62.8M | $-5.3M | ||
| Q2 24 | $-72.9M | $-12.9M | ||
| Q1 24 | $-72.6M | $214.7M |
| Q4 25 | 40.4% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 62.1% | — | ||
| Q1 25 | 59.1% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 59.8% | — | ||
| Q2 24 | 59.6% | — | ||
| Q1 24 | 57.8% | — |
| Q4 25 | -149.2% | -1.0% | ||
| Q3 25 | -177.7% | -8.0% | ||
| Q2 25 | -81.8% | -10.3% | ||
| Q1 25 | -88.7% | -6.9% | ||
| Q4 24 | -79.8% | -6.7% | ||
| Q3 24 | -83.2% | -4.8% | ||
| Q2 24 | -95.1% | -18.5% | ||
| Q1 24 | -105.3% | -4.0% |
| Q4 25 | -139.3% | -5.9% | ||
| Q3 25 | -166.2% | -10.5% | ||
| Q2 25 | -73.3% | -10.2% | ||
| Q1 25 | -81.2% | -10.4% | ||
| Q4 24 | -69.9% | -3.2% | ||
| Q3 24 | -72.0% | -6.0% | ||
| Q2 24 | -84.2% | -15.0% | ||
| Q1 24 | -92.6% | 310.0% |
| Q4 25 | $-0.75 | $-0.13 | ||
| Q3 25 | $-0.86 | $-0.20 | ||
| Q2 25 | $-0.60 | $-0.19 | ||
| Q1 25 | $-0.62 | $-0.19 | ||
| Q4 24 | $-0.52 | $-0.34 | ||
| Q3 24 | $-0.50 | $-0.13 | ||
| Q2 24 | $-0.59 | $-0.24 | ||
| Q1 24 | $-0.60 | $4.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $771.9M | $880.8M |
| Total Assets | $961.3M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $27.3M | ||
| Q3 25 | $711.9M | $22.6M | ||
| Q2 25 | $742.7M | $29.1M | ||
| Q1 25 | $724.3M | $87.5M | ||
| Q4 24 | $730.4M | $46.3M | ||
| Q3 24 | $762.5M | $43.1M | ||
| Q2 24 | $750.4M | $43.8M | ||
| Q1 24 | $723.3M | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $771.9M | $880.8M | ||
| Q3 25 | $798.8M | $892.7M | ||
| Q2 25 | $838.3M | $902.0M | ||
| Q1 25 | $860.2M | $910.5M | ||
| Q4 24 | $859.0M | $918.6M | ||
| Q3 24 | $874.9M | $925.4M | ||
| Q2 24 | $873.4M | $933.1M | ||
| Q1 24 | $898.0M | $871.6M |
| Q4 25 | $961.3M | $1.9B | ||
| Q3 25 | $968.7M | $1.9B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $1.1B | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $28.8M |
| Free Cash FlowOCF − Capex | $-46.9M | $-78.6M |
| FCF MarginFCF / Revenue | -62.4% | -85.8% |
| Capex IntensityCapex / Revenue | 0.5% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $28.8M | ||
| Q3 25 | $-33.5M | $30.7M | ||
| Q2 25 | $11.3M | $20.9M | ||
| Q1 25 | $-22.0M | $20.5M | ||
| Q4 24 | $-38.7M | $20.6M | ||
| Q3 24 | $8.0M | $24.3M | ||
| Q2 24 | $21.3M | $2.5M | ||
| Q1 24 | $-39.1M | $15.2M |
| Q4 25 | $-46.9M | $-78.6M | ||
| Q3 25 | $-34.3M | $-51.4M | ||
| Q2 25 | $10.3M | $-65.3M | ||
| Q1 25 | $-22.4M | $-62.7M | ||
| Q4 24 | $-39.5M | $-72.0M | ||
| Q3 24 | $7.1M | $-51.3M | ||
| Q2 24 | $18.8M | $-78.3M | ||
| Q1 24 | $-45.1M | $-54.9M |
| Q4 25 | -62.4% | -85.8% | ||
| Q3 25 | -48.8% | -57.2% | ||
| Q2 25 | 9.5% | -73.7% | ||
| Q1 25 | -22.7% | -71.3% | ||
| Q4 24 | -41.9% | -84.3% | ||
| Q3 24 | 8.2% | -58.5% | ||
| Q2 24 | 21.7% | -91.3% | ||
| Q1 24 | -57.6% | -79.3% |
| Q4 25 | 0.5% | 117.2% | ||
| Q3 25 | 1.1% | 91.4% | ||
| Q2 25 | 0.9% | 97.3% | ||
| Q1 25 | 0.4% | 94.7% | ||
| Q4 24 | 0.9% | 108.4% | ||
| Q3 24 | 1.1% | 86.2% | ||
| Q2 24 | 2.9% | 94.2% | ||
| Q1 24 | 7.8% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
