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Side-by-side financial comparison of ENNIS, INC. (EBF) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

ENNIS, INC. is the larger business by last-quarter revenue ($100.2M vs $91.6M, roughly 1.1× SHENANDOAH TELECOMMUNICATIONS CO). ENNIS, INC. runs the higher net margin — 10.8% vs -5.9%, a 16.7% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs 0.4%). ENNIS, INC. produced more free cash flow last quarter ($15.7M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 1.4%).

ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business 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.

EBF vs SHEN — Head-to-Head

Bigger by revenue
EBF
EBF
1.1× larger
EBF
$100.2M
$91.6M
SHEN
Growing faster (revenue YoY)
SHEN
SHEN
+6.8% gap
SHEN
7.2%
0.4%
EBF
Higher net margin
EBF
EBF
16.7% more per $
EBF
10.8%
-5.9%
SHEN
More free cash flow
EBF
EBF
$94.3M more FCF
EBF
$15.7M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
1.4%
EBF

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
EBF
EBF
SHEN
SHEN
Revenue
$100.2M
$91.6M
Net Profit
$10.8M
$-5.4M
Gross Margin
31.9%
Operating Margin
15.0%
-1.0%
Net Margin
10.8%
-5.9%
Revenue YoY
0.4%
7.2%
Net Profit YoY
6.1%
-95.8%
EPS (diluted)
$0.42
$-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
EBF
EBF
SHEN
SHEN
Q4 25
$100.2M
$91.6M
Q3 25
$98.7M
$89.8M
Q2 25
$97.2M
$88.6M
Q1 25
$92.7M
$87.9M
Q4 24
$99.8M
$85.4M
Q3 24
$99.0M
$87.6M
Q2 24
$103.1M
$85.8M
Q1 24
$97.4M
$69.2M
Net Profit
EBF
EBF
SHEN
SHEN
Q4 25
$10.8M
$-5.4M
Q3 25
$13.2M
$-9.4M
Q2 25
$9.8M
$-9.0M
Q1 25
$9.0M
$-9.1M
Q4 24
$10.2M
$-2.7M
Q3 24
$10.3M
$-5.3M
Q2 24
$10.7M
$-12.9M
Q1 24
$10.1M
$214.7M
Gross Margin
EBF
EBF
SHEN
SHEN
Q4 25
31.9%
Q3 25
30.5%
Q2 25
31.1%
Q1 25
29.5%
Q4 24
29.3%
Q3 24
30.1%
Q2 24
30.0%
Q1 24
28.4%
Operating Margin
EBF
EBF
SHEN
SHEN
Q4 25
15.0%
-1.0%
Q3 25
12.5%
-8.0%
Q2 25
13.7%
-10.3%
Q1 25
13.0%
-6.9%
Q4 24
13.1%
-6.7%
Q3 24
13.3%
-4.8%
Q2 24
13.3%
-18.5%
Q1 24
13.3%
-4.0%
Net Margin
EBF
EBF
SHEN
SHEN
Q4 25
10.8%
-5.9%
Q3 25
13.3%
-10.5%
Q2 25
10.1%
-10.2%
Q1 25
9.7%
-10.4%
Q4 24
10.2%
-3.2%
Q3 24
10.4%
-6.0%
Q2 24
10.4%
-15.0%
Q1 24
10.4%
310.0%
EPS (diluted)
EBF
EBF
SHEN
SHEN
Q4 25
$0.42
$-0.13
Q3 25
$0.51
$-0.20
Q2 25
$0.38
$-0.19
Q1 25
$0.34
$-0.19
Q4 24
$0.39
$-0.34
Q3 24
$0.40
$-0.13
Q2 24
$0.41
$-0.24
Q1 24
$0.39
$4.25

Balance Sheet & Financial Strength

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

Metric
EBF
EBF
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$31.3M
$27.3M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$304.8M
$880.8M
Total Assets
$354.3M
$1.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EBF
EBF
SHEN
SHEN
Q4 25
$31.3M
$27.3M
Q3 25
$31.9M
$22.6M
Q2 25
$32.6M
$29.1M
Q1 25
$72.5M
$87.5M
Q4 24
$68.6M
$46.3M
Q3 24
$122.6M
$43.1M
Q2 24
$123.7M
$43.8M
Q1 24
$110.9M
$389.7M
Total Debt
EBF
EBF
SHEN
SHEN
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
Stockholders' Equity
EBF
EBF
SHEN
SHEN
Q4 25
$304.8M
$880.8M
Q3 25
$305.4M
$892.7M
Q2 25
$301.2M
$902.0M
Q1 25
$302.0M
$910.5M
Q4 24
$297.7M
$918.6M
Q3 24
$358.4M
$925.4M
Q2 24
$354.4M
$933.1M
Q1 24
$349.8M
$871.6M
Total Assets
EBF
EBF
SHEN
SHEN
Q4 25
$354.3M
$1.9B
Q3 25
$361.8M
$1.9B
Q2 25
$361.7M
$1.8B
Q1 25
$348.9M
$1.8B
Q4 24
$346.1M
$1.7B
Q3 24
$406.8M
$1.7B
Q2 24
$406.2M
$1.7B
Q1 24
$399.2M
$1.4B
Debt / Equity
EBF
EBF
SHEN
SHEN
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
EBF
EBF
SHEN
SHEN
Operating Cash FlowLast quarter
$16.4M
$28.8M
Free Cash FlowOCF − Capex
$15.7M
$-78.6M
FCF MarginFCF / Revenue
15.7%
-85.8%
Capex IntensityCapex / Revenue
0.7%
117.2%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$42.5M
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EBF
EBF
SHEN
SHEN
Q4 25
$16.4M
$28.8M
Q3 25
$10.5M
$30.7M
Q2 25
$8.0M
$20.9M
Q1 25
$12.8M
$20.5M
Q4 24
$18.2M
$20.6M
Q3 24
$11.8M
$24.3M
Q2 24
$23.1M
$2.5M
Q1 24
$16.6M
$15.2M
Free Cash Flow
EBF
EBF
SHEN
SHEN
Q4 25
$15.7M
$-78.6M
Q3 25
$9.0M
$-51.4M
Q2 25
$6.6M
$-65.3M
Q1 25
$11.1M
$-62.7M
Q4 24
$17.5M
$-72.0M
Q3 24
$10.7M
$-51.3M
Q2 24
$20.6M
$-78.3M
Q1 24
$15.0M
$-54.9M
FCF Margin
EBF
EBF
SHEN
SHEN
Q4 25
15.7%
-85.8%
Q3 25
9.2%
-57.2%
Q2 25
6.8%
-73.7%
Q1 25
12.0%
-71.3%
Q4 24
17.6%
-84.3%
Q3 24
10.8%
-58.5%
Q2 24
20.0%
-91.3%
Q1 24
15.3%
-79.3%
Capex Intensity
EBF
EBF
SHEN
SHEN
Q4 25
0.7%
117.2%
Q3 25
1.4%
91.4%
Q2 25
1.4%
97.3%
Q1 25
1.8%
94.7%
Q4 24
0.6%
108.4%
Q3 24
1.1%
86.2%
Q2 24
2.4%
94.2%
Q1 24
1.7%
101.2%
Cash Conversion
EBF
EBF
SHEN
SHEN
Q4 25
1.52×
Q3 25
0.80×
Q2 25
0.81×
Q1 25
1.41×
Q4 24
1.78×
Q3 24
1.15×
Q2 24
2.16×
Q1 24
1.63×
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EBF
EBF

Segment breakdown not available.

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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