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Side-by-side financial comparison of CAMDEN NATIONAL CORP (CAC) 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 $64.3M, roughly 1.4× CAMDEN NATIONAL CORP). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs -5.9%, a 39.9% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs 15.0%).
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
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.
CAC vs SHEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.3M | $91.6M |
| Net Profit | $21.9M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | — | -1.0% |
| Net Margin | 34.0% | -5.9% |
| Revenue YoY | — | 7.2% |
| Net Profit YoY | — | -95.8% |
| EPS (diluted) | $1.29 | $-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 | $64.3M | — | ||
| Q4 25 | $68.1M | $91.6M | ||
| Q3 25 | $65.4M | $89.8M | ||
| Q2 25 | $62.3M | $88.6M | ||
| Q1 25 | $60.1M | $87.9M | ||
| Q4 24 | $47.6M | $85.4M | ||
| Q3 24 | $45.0M | $87.6M | ||
| Q2 24 | $42.8M | $85.8M |
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $-5.4M | ||
| Q3 25 | $21.2M | $-9.4M | ||
| Q2 25 | $14.1M | $-9.0M | ||
| Q1 25 | $7.3M | $-9.1M | ||
| Q4 24 | $14.7M | $-2.7M | ||
| Q3 24 | $13.1M | $-5.3M | ||
| Q2 24 | $12.0M | $-12.9M |
| Q1 26 | — | — | ||
| Q4 25 | 41.5% | -1.0% | ||
| Q3 25 | 40.5% | -8.0% | ||
| Q2 25 | 28.5% | -10.3% | ||
| Q1 25 | 10.3% | -6.9% | ||
| Q4 24 | 38.7% | -6.7% | ||
| Q3 24 | 35.2% | -4.8% | ||
| Q2 24 | 34.7% | -18.5% |
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | -5.9% | ||
| Q3 25 | 32.4% | -10.5% | ||
| Q2 25 | 22.6% | -10.2% | ||
| Q1 25 | 12.2% | -10.4% | ||
| Q4 24 | 30.8% | -3.2% | ||
| Q3 24 | 29.1% | -6.0% | ||
| Q2 24 | 28.0% | -15.0% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | $-0.13 | ||
| Q3 25 | $1.25 | $-0.20 | ||
| Q2 25 | $0.83 | $-0.19 | ||
| Q1 25 | $0.43 | $-0.19 | ||
| Q4 24 | $1.00 | $-0.34 | ||
| Q3 24 | $0.90 | $-0.13 | ||
| Q2 24 | $0.81 | $-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 | — | $27.3M |
| Total DebtLower is stronger | $514.4M | $642.4M |
| Stockholders' EquityBook value | $710.0M | $880.8M |
| Total Assets | $7.0B | $1.9B |
| Debt / EquityLower = less leverage | 0.72× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $87.5M | ||
| Q4 24 | — | $46.3M | ||
| Q3 24 | — | $43.1M | ||
| Q2 24 | — | $43.8M |
| Q1 26 | $514.4M | — | ||
| 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 | $710.0M | — | ||
| Q4 25 | $696.6M | $880.8M | ||
| Q3 25 | $676.4M | $892.7M | ||
| Q2 25 | $652.1M | $902.0M | ||
| Q1 25 | $640.1M | $910.5M | ||
| Q4 24 | $531.2M | $918.6M | ||
| Q3 24 | $529.9M | $925.4M | ||
| Q2 24 | $508.3M | $933.1M |
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $1.9B | ||
| Q3 25 | $7.0B | $1.9B | ||
| Q2 25 | $6.9B | $1.8B | ||
| Q1 25 | $7.0B | $1.8B | ||
| Q4 24 | $5.8B | $1.7B | ||
| Q3 24 | $5.7B | $1.7B | ||
| Q2 24 | $5.7B | $1.7B |
| Q1 26 | 0.72× | — | ||
| 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 | $63.9M | $28.8M | ||
| Q3 25 | $36.1M | $30.7M | ||
| Q2 25 | $6.0M | $20.9M | ||
| Q1 25 | $1.0M | $20.5M | ||
| Q4 24 | $60.9M | $20.6M | ||
| Q3 24 | $-14.5M | $24.3M | ||
| Q2 24 | $14.5M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | $-78.6M | ||
| Q3 25 | $35.4M | $-51.4M | ||
| Q2 25 | $4.5M | $-65.3M | ||
| Q1 25 | $-727.0K | $-62.7M | ||
| Q4 24 | $55.4M | $-72.0M | ||
| Q3 24 | $-16.2M | $-51.3M | ||
| Q2 24 | $13.2M | $-78.3M |
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | -85.8% | ||
| Q3 25 | 54.1% | -57.2% | ||
| Q2 25 | 7.3% | -73.7% | ||
| Q1 25 | -1.2% | -71.3% | ||
| Q4 24 | 116.4% | -84.3% | ||
| Q3 24 | -36.0% | -58.5% | ||
| Q2 24 | 30.8% | -91.3% |
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | 117.2% | ||
| Q3 25 | 1.1% | 91.4% | ||
| Q2 25 | 2.4% | 97.3% | ||
| Q1 25 | 2.9% | 94.7% | ||
| Q4 24 | 11.7% | 108.4% | ||
| Q3 24 | 3.8% | 86.2% | ||
| Q2 24 | 3.0% | 94.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.15× | — | ||
| Q3 24 | -1.11× | — | ||
| Q2 24 | 1.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
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% |
