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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $91.6M, roughly 1.7× SHENANDOAH TELECOMMUNICATIONS CO). On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -5.2%). Commercial Vehicle Group, Inc. produced more free cash flow last quarter ($8.7M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -10.8%).

WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...

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.

CVGI vs SHEN — Head-to-Head

Bigger by revenue
CVGI
CVGI
1.7× larger
CVGI
$154.8M
$91.6M
SHEN
Growing faster (revenue YoY)
SHEN
SHEN
+12.5% gap
SHEN
7.2%
-5.2%
CVGI
More free cash flow
CVGI
CVGI
$87.3M more FCF
CVGI
$8.7M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
-10.8%
CVGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVGI
CVGI
SHEN
SHEN
Revenue
$154.8M
$91.6M
Net Profit
$-5.4M
Gross Margin
9.7%
Operating Margin
-1.2%
-1.0%
Net Margin
-5.9%
Revenue YoY
-5.2%
7.2%
Net Profit YoY
-95.8%
EPS (diluted)
$-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
CVGI
CVGI
SHEN
SHEN
Q4 25
$154.8M
$91.6M
Q3 25
$152.5M
$89.8M
Q2 25
$172.0M
$88.6M
Q1 25
$169.8M
$87.9M
Q4 24
$163.3M
$85.4M
Q3 24
$171.8M
$87.6M
Q2 24
$193.7M
$85.8M
Q1 24
$194.6M
$69.2M
Net Profit
CVGI
CVGI
SHEN
SHEN
Q4 25
$-5.4M
Q3 25
$-7.1M
$-9.4M
Q2 25
$-4.8M
$-9.0M
Q1 25
$-4.3M
$-9.1M
Q4 24
$-2.7M
Q3 24
$9.5M
$-5.3M
Q2 24
$-1.6M
$-12.9M
Q1 24
$2.9M
$214.7M
Gross Margin
CVGI
CVGI
SHEN
SHEN
Q4 25
9.7%
Q3 25
10.5%
Q2 25
11.4%
Q1 25
10.5%
Q4 24
8.0%
Q3 24
9.6%
Q2 24
10.6%
Q1 24
11.9%
Operating Margin
CVGI
CVGI
SHEN
SHEN
Q4 25
-1.2%
-1.0%
Q3 25
-0.7%
-8.0%
Q2 25
0.5%
-10.3%
Q1 25
0.8%
-6.9%
Q4 24
-3.2%
-6.7%
Q3 24
-0.6%
-4.8%
Q2 24
0.5%
-18.5%
Q1 24
2.3%
-4.0%
Net Margin
CVGI
CVGI
SHEN
SHEN
Q4 25
-5.9%
Q3 25
-4.6%
-10.5%
Q2 25
-2.8%
-10.2%
Q1 25
-2.5%
-10.4%
Q4 24
-3.2%
Q3 24
5.5%
-6.0%
Q2 24
-0.8%
-15.0%
Q1 24
1.5%
310.0%
EPS (diluted)
CVGI
CVGI
SHEN
SHEN
Q4 25
$-0.13
Q3 25
$-0.20
Q2 25
$-0.19
Q1 25
$-0.19
Q4 24
$-0.34
Q3 24
$-0.13
Q2 24
$-0.05
$-0.24
Q1 24
$0.09
$4.25

Balance Sheet & Financial Strength

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

Metric
CVGI
CVGI
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$27.3M
Total DebtLower is stronger
$104.9M
$642.4M
Stockholders' EquityBook value
$133.4M
$880.8M
Total Assets
$391.7M
$1.9B
Debt / EquityLower = less leverage
0.79×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGI
CVGI
SHEN
SHEN
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 24
$389.7M
Total Debt
CVGI
CVGI
SHEN
SHEN
Q4 25
$104.9M
$642.4M
Q3 25
$108.2M
$535.4M
Q2 25
$118.2M
$513.1M
Q1 25
$117.4M
$515.8M
Q4 24
$135.5M
$418.0M
Q3 24
$128.8M
$345.2M
Q2 24
$142.0M
$297.4M
Q1 24
$155.7M
$298.7M
Stockholders' Equity
CVGI
CVGI
SHEN
SHEN
Q4 25
$133.4M
$880.8M
Q3 25
$136.5M
$892.7M
Q2 25
$142.6M
$902.0M
Q1 25
$136.7M
$910.5M
Q4 24
$135.6M
$918.6M
Q3 24
$179.3M
$925.4M
Q2 24
$169.6M
$933.1M
Q1 24
$175.5M
$871.6M
Total Assets
CVGI
CVGI
SHEN
SHEN
Q4 25
$391.7M
$1.9B
Q3 25
$400.3M
$1.9B
Q2 25
$429.8M
$1.8B
Q1 25
$419.8M
$1.8B
Q4 24
$424.6M
$1.7B
Q3 24
$495.3M
$1.7B
Q2 24
$503.2M
$1.7B
Q1 24
$509.2M
$1.4B
Debt / Equity
CVGI
CVGI
SHEN
SHEN
Q4 25
0.79×
0.73×
Q3 25
0.79×
0.60×
Q2 25
0.83×
0.57×
Q1 25
0.86×
0.57×
Q4 24
1.00×
0.46×
Q3 24
0.72×
0.37×
Q2 24
0.84×
0.32×
Q1 24
0.89×
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
CVGI
CVGI
SHEN
SHEN
Operating Cash FlowLast quarter
$12.3M
$28.8M
Free Cash FlowOCF − Capex
$8.7M
$-78.6M
FCF MarginFCF / Revenue
5.6%
-85.8%
Capex IntensityCapex / Revenue
2.3%
117.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$34.0M
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGI
CVGI
SHEN
SHEN
Q4 25
$12.3M
$28.8M
Q3 25
$-1.7M
$30.7M
Q2 25
$18.9M
$20.9M
Q1 25
$15.2M
$20.5M
Q4 24
$-26.6M
$20.6M
Q3 24
$-17.1M
$24.3M
Q2 24
$12.6M
$2.5M
Q1 24
$-2.4M
$15.2M
Free Cash Flow
CVGI
CVGI
SHEN
SHEN
Q4 25
$8.7M
$-78.6M
Q3 25
$-3.5M
$-51.4M
Q2 25
$17.4M
$-65.3M
Q1 25
$11.4M
$-62.7M
Q4 24
$-30.6M
$-72.0M
Q3 24
$-20.3M
$-51.3M
Q2 24
$6.4M
$-78.3M
Q1 24
$-7.4M
$-54.9M
FCF Margin
CVGI
CVGI
SHEN
SHEN
Q4 25
5.6%
-85.8%
Q3 25
-2.3%
-57.2%
Q2 25
10.1%
-73.7%
Q1 25
6.7%
-71.3%
Q4 24
-18.7%
-84.3%
Q3 24
-11.8%
-58.5%
Q2 24
3.3%
-91.3%
Q1 24
-3.8%
-79.3%
Capex Intensity
CVGI
CVGI
SHEN
SHEN
Q4 25
2.3%
117.2%
Q3 25
1.2%
91.4%
Q2 25
0.9%
97.3%
Q1 25
2.2%
94.7%
Q4 24
2.4%
108.4%
Q3 24
1.9%
86.2%
Q2 24
3.2%
94.2%
Q1 24
2.6%
101.2%
Cash Conversion
CVGI
CVGI
SHEN
SHEN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.79×
Q2 24
Q1 24
-0.80×
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVGI
CVGI

Global Seating$70.7M46%
Global Electrical Systems$49.7M32%
Trim Systems And Components$34.4M22%

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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