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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) 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 $79.8M, roughly 1.1× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs -5.9%, a 274.3% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -16.0%). SHENANDOAH TELECOMMUNICATIONS CO produced more free cash flow last quarter ($-78.6M vs $-450.8M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -33.3%).
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
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.
CORZ vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $91.6M |
| Net Profit | $214.2M | $-5.4M |
| Gross Margin | 26.0% | — |
| Operating Margin | -149.5% | -1.0% |
| Net Margin | 268.5% | -5.9% |
| Revenue YoY | -16.0% | 7.2% |
| Net Profit YoY | 180.6% | -95.8% |
| EPS (diluted) | $-1.63 | $-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 | $79.8M | $91.6M | ||
| Q3 25 | $81.1M | $89.8M | ||
| Q2 25 | $78.6M | $88.6M | ||
| Q1 25 | $79.5M | $87.9M | ||
| Q4 24 | $94.9M | $85.4M | ||
| Q3 24 | $95.4M | $87.6M | ||
| Q2 24 | $141.1M | $85.8M | ||
| Q1 24 | $179.3M | $69.2M |
| Q4 25 | $214.2M | $-5.4M | ||
| Q3 25 | $-144.0M | $-9.4M | ||
| Q2 25 | $-936.8M | $-9.0M | ||
| Q1 25 | $576.3M | $-9.1M | ||
| Q4 24 | $-265.5M | $-2.7M | ||
| Q3 24 | $-455.3M | $-5.3M | ||
| Q2 24 | $-902.2M | $-12.9M | ||
| Q1 24 | $210.7M | $214.7M |
| Q4 25 | 26.0% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | 27.5% | — | ||
| Q1 24 | 43.3% | — |
| Q4 25 | -149.5% | -1.0% | ||
| Q3 25 | -67.6% | -8.0% | ||
| Q2 25 | -33.4% | -10.3% | ||
| Q1 25 | -59.1% | -6.9% | ||
| Q4 24 | -41.9% | -6.7% | ||
| Q3 24 | -43.2% | -4.8% | ||
| Q2 24 | -64.3% | -18.5% | ||
| Q1 24 | 30.8% | -4.0% |
| Q4 25 | 268.5% | -5.9% | ||
| Q3 25 | -177.6% | -10.5% | ||
| Q2 25 | -1191.4% | -10.2% | ||
| Q1 25 | 724.6% | -10.4% | ||
| Q4 24 | -279.7% | -3.2% | ||
| Q3 24 | -477.4% | -6.0% | ||
| Q2 24 | -639.4% | -15.0% | ||
| Q1 24 | 117.5% | 310.0% |
| Q4 25 | $-1.63 | $-0.13 | ||
| Q3 25 | $-0.45 | $-0.20 | ||
| Q2 25 | $-0.04 | $-0.19 | ||
| Q1 25 | $1.24 | $-0.19 | ||
| Q4 24 | $0.51 | $-0.34 | ||
| Q3 24 | $-1.17 | $-0.13 | ||
| Q2 24 | $-5.05 | $-0.24 | ||
| Q1 24 | $0.78 | $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 | $311.4M | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $-962.7M | $880.8M |
| Total Assets | $2.3B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | $27.3M | ||
| Q3 25 | $453.4M | $22.6M | ||
| Q2 25 | $581.3M | $29.1M | ||
| Q1 25 | $697.9M | $87.5M | ||
| Q4 24 | $836.2M | $46.3M | ||
| Q3 24 | $253.0M | $43.1M | ||
| Q2 24 | $96.1M | $43.8M | ||
| Q1 24 | $98.1M | $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 | $-962.7M | $880.8M | ||
| Q3 25 | $-1.3B | $892.7M | ||
| Q2 25 | $-1.2B | $902.0M | ||
| Q1 25 | $-308.8M | $910.5M | ||
| Q4 24 | $-943.0M | $918.6M | ||
| Q3 24 | $-826.7M | $925.4M | ||
| Q2 24 | $-1.2B | $933.1M | ||
| Q1 24 | $-318.5M | $871.6M |
| Q4 25 | $2.3B | $1.9B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $824.6M | $1.7B | ||
| Q2 24 | $664.2M | $1.7B | ||
| Q1 24 | $814.0M | $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 | $278.3M | $28.8M |
| Free Cash FlowOCF − Capex | $-450.8M | $-78.6M |
| FCF MarginFCF / Revenue | -565.1% | -85.8% |
| Capex IntensityCapex / Revenue | 914.0% | 117.2% |
| Cash ConversionOCF / Net Profit | 1.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | $28.8M | ||
| Q3 25 | $131.8M | $30.7M | ||
| Q2 25 | $34.0M | $20.9M | ||
| Q1 25 | $-45.0M | $20.5M | ||
| Q4 24 | $42.9M | $20.6M | ||
| Q3 24 | $5.7M | $24.3M | ||
| Q2 24 | $1.2M | $2.5M | ||
| Q1 24 | $22.2M | $15.2M |
| Q4 25 | $-450.8M | $-78.6M | ||
| Q3 25 | $-112.7M | $-51.4M | ||
| Q2 25 | $-87.3M | $-65.3M | ||
| Q1 25 | $-129.0M | $-62.7M | ||
| Q4 24 | $-52.1M | $-72.0M | ||
| Q3 24 | $-25.5M | $-51.3M | ||
| Q2 24 | $-1.9M | $-78.3M | ||
| Q1 24 | $-9.7M | $-54.9M |
| Q4 25 | -565.1% | -85.8% | ||
| Q3 25 | -139.0% | -57.2% | ||
| Q2 25 | -111.0% | -73.7% | ||
| Q1 25 | -162.2% | -71.3% | ||
| Q4 24 | -54.8% | -84.3% | ||
| Q3 24 | -26.7% | -58.5% | ||
| Q2 24 | -1.4% | -91.3% | ||
| Q1 24 | -5.4% | -79.3% |
| Q4 25 | 914.0% | 117.2% | ||
| Q3 25 | 301.5% | 91.4% | ||
| Q2 25 | 154.2% | 97.3% | ||
| Q1 25 | 105.6% | 94.7% | ||
| Q4 24 | 100.0% | 108.4% | ||
| Q3 24 | 32.7% | 86.2% | ||
| Q2 24 | 2.2% | 94.2% | ||
| Q1 24 | 17.8% | 101.2% |
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.11× | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
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% |
