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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $91.6M, roughly 1.1× SHENANDOAH TELECOMMUNICATIONS CO). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -55.2%, a 49.4% gap on every dollar of revenue. On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs 7.2%). AMPCO PITTSBURGH CORP produced more free cash flow last quarter ($-64.0K vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -2.6%).

Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...

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.

AP vs SHEN — Head-to-Head

Bigger by revenue
AP
AP
1.1× larger
AP
$104.4M
$91.6M
SHEN
Growing faster (revenue YoY)
AP
AP
+4.2% gap
AP
11.5%
7.2%
SHEN
Higher net margin
SHEN
SHEN
49.4% more per $
SHEN
-5.9%
-55.2%
AP
More free cash flow
AP
AP
$78.5M more FCF
AP
$-64.0K
$-78.6M
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
-2.6%
AP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AP
AP
SHEN
SHEN
Revenue
$104.4M
$91.6M
Net Profit
$-57.7M
$-5.4M
Gross Margin
Operating Margin
-54.0%
-1.0%
Net Margin
-55.2%
-5.9%
Revenue YoY
11.5%
7.2%
Net Profit YoY
-1958.9%
-95.8%
EPS (diluted)
$-2.87
$-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.

Revenue
AP
AP
SHEN
SHEN
Q4 25
$104.4M
$91.6M
Q3 25
$103.7M
$89.8M
Q2 25
$108.9M
$88.6M
Q1 25
$99.2M
$87.9M
Q4 24
$93.6M
$85.4M
Q3 24
$92.1M
$87.6M
Q2 24
$107.1M
$85.8M
Q1 24
$110.0M
$69.2M
Net Profit
AP
AP
SHEN
SHEN
Q4 25
$-57.7M
$-5.4M
Q3 25
$-2.2M
$-9.4M
Q2 25
$-7.3M
$-9.0M
Q1 25
$1.1M
$-9.1M
Q4 24
$3.1M
$-2.7M
Q3 24
$-2.0M
$-5.3M
Q2 24
$2.0M
$-12.9M
Q1 24
$-2.7M
$214.7M
Operating Margin
AP
AP
SHEN
SHEN
Q4 25
-54.0%
-1.0%
Q3 25
1.1%
-8.0%
Q2 25
-2.8%
-10.3%
Q1 25
3.9%
-6.9%
Q4 24
5.5%
-6.7%
Q3 24
2.0%
-4.8%
Q2 24
4.7%
-18.5%
Q1 24
0.1%
-4.0%
Net Margin
AP
AP
SHEN
SHEN
Q4 25
-55.2%
-5.9%
Q3 25
-2.1%
-10.5%
Q2 25
-6.7%
-10.2%
Q1 25
1.2%
-10.4%
Q4 24
3.3%
-3.2%
Q3 24
-2.1%
-6.0%
Q2 24
1.9%
-15.0%
Q1 24
-2.5%
310.0%
EPS (diluted)
AP
AP
SHEN
SHEN
Q4 25
$-2.87
$-0.13
Q3 25
$-0.11
$-0.20
Q2 25
$-0.36
$-0.19
Q1 25
$0.06
$-0.19
Q4 24
$0.16
$-0.34
Q3 24
$-0.10
$-0.13
Q2 24
$0.10
$-0.24
Q1 24
$-0.14
$4.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AP
AP
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$10.7M
$27.3M
Total DebtLower is stronger
$117.9M
$642.4M
Stockholders' EquityBook value
$32.6M
$880.8M
Total Assets
$495.4M
$1.9B
Debt / EquityLower = less leverage
3.61×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AP
AP
SHEN
SHEN
Q4 25
$10.7M
$27.3M
Q3 25
$15.0M
$22.6M
Q2 25
$9.9M
$29.1M
Q1 25
$7.1M
$87.5M
Q4 24
$15.4M
$46.3M
Q3 24
$11.8M
$43.1M
Q2 24
$7.9M
$43.8M
Q1 24
$10.8M
$389.7M
Total Debt
AP
AP
SHEN
SHEN
Q4 25
$117.9M
$642.4M
Q3 25
$119.0M
$535.4M
Q2 25
$115.9M
$513.1M
Q1 25
$115.0M
$515.8M
Q4 24
$116.4M
$418.0M
Q3 24
$116.0M
$345.2M
Q2 24
$119.4M
$297.4M
Q1 24
$116.2M
$298.7M
Stockholders' Equity
AP
AP
SHEN
SHEN
Q4 25
$32.6M
$880.8M
Q3 25
$60.1M
$892.7M
Q2 25
$62.7M
$902.0M
Q1 25
$64.6M
$910.5M
Q4 24
$58.9M
$918.6M
Q3 24
$61.3M
$925.4M
Q2 24
$58.0M
$933.1M
Q1 24
$56.3M
$871.6M
Total Assets
AP
AP
SHEN
SHEN
Q4 25
$495.4M
$1.9B
Q3 25
$524.4M
$1.9B
Q2 25
$537.2M
$1.8B
Q1 25
$536.2M
$1.8B
Q4 24
$530.9M
$1.7B
Q3 24
$547.4M
$1.7B
Q2 24
$560.8M
$1.7B
Q1 24
$565.8M
$1.4B
Debt / Equity
AP
AP
SHEN
SHEN
Q4 25
3.61×
0.73×
Q3 25
1.98×
0.60×
Q2 25
1.85×
0.57×
Q1 25
1.78×
0.57×
Q4 24
1.98×
0.46×
Q3 24
1.89×
0.37×
Q2 24
2.06×
0.32×
Q1 24
2.06×
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
AP
AP
SHEN
SHEN
Operating Cash FlowLast quarter
$2.7M
$28.8M
Free Cash FlowOCF − Capex
$-64.0K
$-78.6M
FCF MarginFCF / Revenue
-0.1%
-85.8%
Capex IntensityCapex / Revenue
2.7%
117.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AP
AP
SHEN
SHEN
Q4 25
$2.7M
$28.8M
Q3 25
$6.3M
$30.7M
Q2 25
$-2.3M
$20.9M
Q1 25
$-5.3M
$20.5M
Q4 24
$7.5M
$20.6M
Q3 24
$11.4M
$24.3M
Q2 24
$-5.3M
$2.5M
Q1 24
$4.5M
$15.2M
Free Cash Flow
AP
AP
SHEN
SHEN
Q4 25
$-64.0K
$-78.6M
Q3 25
$3.3M
$-51.4M
Q2 25
$-3.8M
$-65.3M
Q1 25
$-7.5M
$-62.7M
Q4 24
$3.7M
$-72.0M
Q3 24
$8.4M
$-51.3M
Q2 24
$-8.0M
$-78.3M
Q1 24
$1.7M
$-54.9M
FCF Margin
AP
AP
SHEN
SHEN
Q4 25
-0.1%
-85.8%
Q3 25
3.2%
-57.2%
Q2 25
-3.5%
-73.7%
Q1 25
-7.5%
-71.3%
Q4 24
4.0%
-84.3%
Q3 24
9.1%
-58.5%
Q2 24
-7.5%
-91.3%
Q1 24
1.5%
-79.3%
Capex Intensity
AP
AP
SHEN
SHEN
Q4 25
2.7%
117.2%
Q3 25
2.9%
91.4%
Q2 25
1.3%
97.3%
Q1 25
2.2%
94.7%
Q4 24
4.0%
108.4%
Q3 24
3.2%
86.2%
Q2 24
2.5%
94.2%
Q1 24
2.6%
101.2%
Cash Conversion
AP
AP
SHEN
SHEN
Q4 25
Q3 25
Q2 25
Q1 25
-4.62×
Q4 24
2.40×
Q3 24
Q2 24
-2.64×
Q1 24
0.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AP
AP

Forged And Cast Mill Rolls$67.0M64%
Air Handling Systems$14.3M14%
Heat Exchange Coils$13.1M13%
Centrifugal Pumps$10.3M10%
Forged Engineered Products$4.0M4%

SHEN
SHEN

Residential And SMB Incumbent Broadband$41.5M45%
Residential And SMB Glo Fiber Expansion Markets$23.0M25%
Commercial Fiber$20.3M22%
RLEC Other$6.8M7%

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