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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
BYLINE BANCORP, INC. is the larger business by last-quarter revenue ($112.4M vs $91.6M, roughly 1.2× SHENANDOAH TELECOMMUNICATIONS CO). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -5.9%, a 39.3% gap on every dollar of revenue. On growth, BYLINE BANCORP, INC. posted the faster year-over-year revenue change (9.0% vs 7.2%). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 6.4%).
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
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.
BY vs SHEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.4M | $91.6M |
| Net Profit | $37.6M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | — | -1.0% |
| Net Margin | 33.4% | -5.9% |
| Revenue YoY | 9.0% | 7.2% |
| Net Profit YoY | 33.0% | -95.8% |
| EPS (diluted) | $0.83 | $-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.
| Q1 26 | $112.4M | — | ||
| Q4 25 | $117.0M | $91.6M | ||
| Q3 25 | $115.7M | $89.8M | ||
| Q2 25 | $110.5M | $88.6M | ||
| Q1 25 | $103.1M | $87.9M | ||
| Q4 24 | $104.7M | $85.4M | ||
| Q3 24 | $101.8M | $87.6M | ||
| Q2 24 | $99.4M | $85.8M |
| Q1 26 | $37.6M | — | ||
| Q4 25 | $34.5M | $-5.4M | ||
| Q3 25 | $37.2M | $-9.4M | ||
| Q2 25 | $30.1M | $-9.0M | ||
| Q1 25 | $28.2M | $-9.1M | ||
| Q4 24 | $30.3M | $-2.7M | ||
| Q3 24 | $30.3M | $-5.3M | ||
| Q2 24 | $29.7M | $-12.9M |
| Q1 26 | — | — | ||
| Q4 25 | 40.1% | -1.0% | ||
| Q3 25 | 43.1% | -8.0% | ||
| Q2 25 | 35.2% | -10.3% | ||
| Q1 25 | 36.4% | -6.9% | ||
| Q4 24 | 38.6% | -6.7% | ||
| Q3 24 | 39.3% | -4.8% | ||
| Q2 24 | 40.4% | -18.5% |
| Q1 26 | 33.4% | — | ||
| Q4 25 | 34.1% | -5.9% | ||
| Q3 25 | 32.1% | -10.5% | ||
| Q2 25 | 27.2% | -10.2% | ||
| Q1 25 | 27.4% | -10.4% | ||
| Q4 24 | 34.3% | -3.2% | ||
| Q3 24 | 29.8% | -6.0% | ||
| Q2 24 | 29.9% | -15.0% |
| Q1 26 | $0.83 | — | ||
| Q4 25 | $0.77 | $-0.13 | ||
| Q3 25 | $0.82 | $-0.20 | ||
| Q2 25 | $0.66 | $-0.19 | ||
| Q1 25 | $0.64 | $-0.19 | ||
| Q4 24 | $0.68 | $-0.34 | ||
| Q3 24 | $0.69 | $-0.13 | ||
| Q2 24 | $0.68 | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $198.4M | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $1.3B | $880.8M |
| Total Assets | $9.9B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $198.4M | — | ||
| Q4 25 | $149.1M | $27.3M | ||
| Q3 25 | $259.0M | $22.6M | ||
| Q2 25 | $218.3M | $29.1M | ||
| Q1 25 | $421.3M | $87.5M | ||
| Q4 24 | $563.1M | $46.3M | ||
| Q3 24 | $452.6M | $43.1M | ||
| Q2 24 | $730.5M | $43.8M |
| Q1 26 | — | — | ||
| 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 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $880.8M | ||
| Q3 25 | $1.2B | $892.7M | ||
| Q2 25 | $1.2B | $902.0M | ||
| Q1 25 | $1.1B | $910.5M | ||
| Q4 24 | $1.1B | $918.6M | ||
| Q3 24 | $1.1B | $925.4M | ||
| Q2 24 | $1.0B | $933.1M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.7B | $1.9B | ||
| Q3 25 | $9.8B | $1.9B | ||
| Q2 25 | $9.7B | $1.8B | ||
| Q1 25 | $9.6B | $1.8B | ||
| Q4 24 | $9.5B | $1.7B | ||
| Q3 24 | $9.4B | $1.7B | ||
| Q2 24 | $9.6B | $1.7B |
| Q1 26 | — | — | ||
| 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× |
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 | — | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | — | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.3M | $28.8M | ||
| Q3 25 | $38.3M | $30.7M | ||
| Q2 25 | $16.3M | $20.9M | ||
| Q1 25 | $27.1M | $20.5M | ||
| Q4 24 | $175.2M | $20.6M | ||
| Q3 24 | $19.8M | $24.3M | ||
| Q2 24 | $40.1M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | $136.3M | $-78.6M | ||
| Q3 25 | $38.0M | $-51.4M | ||
| Q2 25 | $15.2M | $-65.3M | ||
| Q1 25 | $25.0M | $-62.7M | ||
| Q4 24 | $171.2M | $-72.0M | ||
| Q3 24 | $19.1M | $-51.3M | ||
| Q2 24 | $39.4M | $-78.3M |
| Q1 26 | — | — | ||
| Q4 25 | 116.5% | -85.8% | ||
| Q3 25 | 32.8% | -57.2% | ||
| Q2 25 | 13.7% | -73.7% | ||
| Q1 25 | 24.3% | -71.3% | ||
| Q4 24 | 163.5% | -84.3% | ||
| Q3 24 | 18.8% | -58.5% | ||
| Q2 24 | 39.7% | -91.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 117.2% | ||
| Q3 25 | 0.3% | 91.4% | ||
| Q2 25 | 1.0% | 97.3% | ||
| Q1 25 | 2.0% | 94.7% | ||
| Q4 24 | 3.8% | 108.4% | ||
| Q3 24 | 0.6% | 86.2% | ||
| Q2 24 | 0.7% | 94.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.06× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 5.78× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 1.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BY
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% |
