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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) 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 $50.4M, roughly 1.8× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -5.9%, a 426.1% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 7.2%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 15.0%).
Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.
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.
ARR vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.4M | $91.6M |
| Net Profit | $211.7M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | — | -1.0% |
| Net Margin | 420.2% | -5.9% |
| Revenue YoY | 297.9% | 7.2% |
| Net Profit YoY | 555.9% | -95.8% |
| EPS (diluted) | $2.43 | $-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 | $50.4M | $91.6M | ||
| Q3 25 | $38.5M | $89.8M | ||
| Q2 25 | $33.1M | $88.6M | ||
| Q1 25 | $36.3M | $87.9M | ||
| Q4 24 | $12.7M | $85.4M | ||
| Q3 24 | — | $87.6M | ||
| Q2 24 | $7.0M | $85.8M | ||
| Q1 24 | — | $69.2M |
| Q4 25 | $211.7M | $-5.4M | ||
| Q3 25 | $159.3M | $-9.4M | ||
| Q2 25 | $-75.6M | $-9.0M | ||
| Q1 25 | $27.3M | $-9.1M | ||
| Q4 24 | $-46.4M | $-2.7M | ||
| Q3 24 | — | $-5.3M | ||
| Q2 24 | $-48.4M | $-12.9M | ||
| Q1 24 | — | $214.7M |
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -8.0% | ||
| Q2 25 | — | -10.3% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -4.8% | ||
| Q2 24 | — | -18.5% | ||
| Q1 24 | — | -4.0% |
| Q4 25 | 420.2% | -5.9% | ||
| Q3 25 | 413.5% | -10.5% | ||
| Q2 25 | -228.4% | -10.2% | ||
| Q1 25 | 75.2% | -10.4% | ||
| Q4 24 | -366.8% | -3.2% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | -693.8% | -15.0% | ||
| Q1 24 | — | 310.0% |
| Q4 25 | $2.43 | $-0.13 | ||
| Q3 25 | $1.49 | $-0.20 | ||
| Q2 25 | $-0.94 | $-0.19 | ||
| Q1 25 | $0.32 | $-0.19 | ||
| Q4 24 | $-0.91 | $-0.34 | ||
| Q3 24 | — | $-0.13 | ||
| Q2 24 | $-1.05 | $-0.24 | ||
| Q1 24 | — | $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 | $63.3M | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $2.3B | $880.8M |
| Total Assets | $21.0B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $27.3M | ||
| Q3 25 | $44.2M | $22.6M | ||
| Q2 25 | $141.2M | $29.1M | ||
| Q1 25 | $49.1M | $87.5M | ||
| Q4 24 | $68.0M | $46.3M | ||
| Q3 24 | — | $43.1M | ||
| Q2 24 | $126.6M | $43.8M | ||
| Q1 24 | — | $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 | $2.3B | $880.8M | ||
| Q3 25 | $2.1B | $892.7M | ||
| Q2 25 | $1.7B | $902.0M | ||
| Q1 25 | $1.7B | $910.5M | ||
| Q4 24 | $1.4B | $918.6M | ||
| Q3 24 | — | $925.4M | ||
| Q2 24 | $1.2B | $933.1M | ||
| Q1 24 | — | $871.6M |
| Q4 25 | $21.0B | $1.9B | ||
| Q3 25 | $19.4B | $1.9B | ||
| Q2 25 | $16.2B | $1.8B | ||
| Q1 25 | $15.5B | $1.8B | ||
| Q4 24 | $13.5B | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $10.1B | $1.7B | ||
| Q1 24 | — | $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 | $124.2M | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | — | 117.2% |
| Cash ConversionOCF / Net Profit | 0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.2M | $28.8M | ||
| Q3 25 | $-37.8M | $30.7M | ||
| Q2 25 | $25.0M | $20.9M | ||
| Q1 25 | $101.5M | $20.5M | ||
| Q4 24 | $261.5M | $20.6M | ||
| Q3 24 | — | $24.3M | ||
| Q2 24 | $27.1M | $2.5M | ||
| Q1 24 | — | $15.2M |
| Q4 25 | — | $-78.6M | ||
| Q3 25 | — | $-51.4M | ||
| Q2 25 | — | $-65.3M | ||
| Q1 25 | — | $-62.7M | ||
| Q4 24 | — | $-72.0M | ||
| Q3 24 | — | $-51.3M | ||
| Q2 24 | — | $-78.3M | ||
| Q1 24 | — | $-54.9M |
| Q4 25 | — | -85.8% | ||
| Q3 25 | — | -57.2% | ||
| Q2 25 | — | -73.7% | ||
| Q1 25 | — | -71.3% | ||
| Q4 24 | — | -84.3% | ||
| Q3 24 | — | -58.5% | ||
| Q2 24 | — | -91.3% | ||
| Q1 24 | — | -79.3% |
| Q4 25 | — | 117.2% | ||
| Q3 25 | — | 91.4% | ||
| Q2 25 | — | 97.3% | ||
| Q1 25 | — | 94.7% | ||
| Q4 24 | — | 108.4% | ||
| Q3 24 | — | 86.2% | ||
| Q2 24 | — | 94.2% | ||
| Q1 24 | — | 101.2% |
| Q4 25 | 0.59× | — | ||
| Q3 25 | -0.24× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.71× | — | ||
| 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
ARR
Segment breakdown not available.
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% |
