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Side-by-side financial comparison of Ellington Financial Inc. (EFC) 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 $78.2M, roughly 1.2× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -5.9%, a 34.8% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 7.2%). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 1.8%).
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
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.
EFC vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $91.6M |
| Net Profit | $22.6M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | 7.4% | -1.0% |
| Net Margin | 28.9% | -5.9% |
| Revenue YoY | 8.7% | 7.2% |
| Net Profit YoY | -26.2% | -95.8% |
| EPS (diluted) | $0.10 | $-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 | $78.2M | $91.6M | ||
| Q3 25 | $82.8M | $89.8M | ||
| Q2 25 | $92.5M | $88.6M | ||
| Q1 25 | $82.9M | $87.9M | ||
| Q4 24 | $72.0M | $85.4M | ||
| Q3 24 | $67.0M | $87.6M | ||
| Q2 24 | $91.2M | $85.8M | ||
| Q1 24 | $75.5M | $69.2M |
| Q4 25 | $22.6M | $-5.4M | ||
| Q3 25 | $29.5M | $-9.4M | ||
| Q2 25 | $42.9M | $-9.0M | ||
| Q1 25 | $31.6M | $-9.1M | ||
| Q4 24 | $30.7M | $-2.7M | ||
| Q3 24 | $16.2M | $-5.3M | ||
| Q2 24 | $52.3M | $-12.9M | ||
| Q1 24 | $26.9M | $214.7M |
| Q4 25 | 7.4% | -1.0% | ||
| Q3 25 | 31.1% | -8.0% | ||
| Q2 25 | 38.3% | -10.3% | ||
| Q1 25 | 37.3% | -6.9% | ||
| Q4 24 | 28.0% | -6.7% | ||
| Q3 24 | 24.0% | -4.8% | ||
| Q2 24 | 52.8% | -18.5% | ||
| Q1 24 | 42.2% | -4.0% |
| Q4 25 | 28.9% | -5.9% | ||
| Q3 25 | 35.7% | -10.5% | ||
| Q2 25 | 46.4% | -10.2% | ||
| Q1 25 | 38.2% | -10.4% | ||
| Q4 24 | 42.6% | -3.2% | ||
| Q3 24 | 24.1% | -6.0% | ||
| Q2 24 | 57.4% | -15.0% | ||
| Q1 24 | 35.6% | 310.0% |
| Q4 25 | $0.10 | $-0.13 | ||
| Q3 25 | $0.29 | $-0.20 | ||
| Q2 25 | $0.45 | $-0.19 | ||
| Q1 25 | $0.35 | $-0.19 | ||
| Q4 24 | $0.23 | $-0.34 | ||
| Q3 24 | $0.19 | $-0.13 | ||
| Q2 24 | $0.62 | $-0.24 | ||
| Q1 24 | $0.32 | $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 | $201.9M | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $1.8B | $880.8M |
| Total Assets | $19.4B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $27.3M | ||
| Q3 25 | $184.8M | $22.6M | ||
| Q2 25 | $211.0M | $29.1M | ||
| Q1 25 | $203.3M | $87.5M | ||
| Q4 24 | $192.4M | $46.3M | ||
| Q3 24 | $217.7M | $43.1M | ||
| Q2 24 | $198.5M | $43.8M | ||
| Q1 24 | $187.5M | $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 | $1.8B | $880.8M | ||
| Q3 25 | $1.8B | $892.7M | ||
| Q2 25 | $1.7B | $902.0M | ||
| Q1 25 | $1.6B | $910.5M | ||
| Q4 24 | $1.6B | $918.6M | ||
| Q3 24 | $1.6B | $925.4M | ||
| Q2 24 | $1.6B | $933.1M | ||
| Q1 24 | $1.5B | $871.6M |
| Q4 25 | $19.4B | $1.9B | ||
| Q3 25 | $17.8B | $1.9B | ||
| Q2 25 | $17.1B | $1.8B | ||
| Q1 25 | $16.6B | $1.8B | ||
| Q4 24 | $16.3B | $1.7B | ||
| Q3 24 | $16.0B | $1.7B | ||
| Q2 24 | $15.1B | $1.7B | ||
| Q1 24 | $15.1B | $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 | $-925.5M | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | 0.0% | 117.2% |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $28.8M | ||
| Q3 25 | $-290.4M | $30.7M | ||
| Q2 25 | $-210.5M | $20.9M | ||
| Q1 25 | $-126.4M | $20.5M | ||
| Q4 24 | $-430.5M | $20.6M | ||
| Q3 24 | $-141.7M | $24.3M | ||
| Q2 24 | $-88.6M | $2.5M | ||
| Q1 24 | $-59.5M | $15.2M |
| Q4 25 | — | $-78.6M | ||
| Q3 25 | — | $-51.4M | ||
| Q2 25 | — | $-65.3M | ||
| Q1 25 | — | $-62.7M | ||
| Q4 24 | — | $-72.0M | ||
| Q3 24 | — | $-51.3M | ||
| Q2 24 | — | $-78.3M | ||
| Q1 24 | — | $-54.9M |
| Q4 25 | — | -85.8% | ||
| Q3 25 | — | -57.2% | ||
| Q2 25 | — | -73.7% | ||
| Q1 25 | — | -71.3% | ||
| Q4 24 | — | -84.3% | ||
| Q3 24 | — | -58.5% | ||
| Q2 24 | — | -91.3% | ||
| Q1 24 | — | -79.3% |
| Q4 25 | 0.0% | 117.2% | ||
| Q3 25 | — | 91.4% | ||
| Q2 25 | — | 97.3% | ||
| Q1 25 | — | 94.7% | ||
| Q4 24 | 0.0% | 108.4% | ||
| Q3 24 | 0.0% | 86.2% | ||
| Q2 24 | 0.0% | 94.2% | ||
| Q1 24 | 0.0% | 101.2% |
| Q4 25 | -40.92× | — | ||
| Q3 25 | -9.84× | — | ||
| Q2 25 | -4.90× | — | ||
| Q1 25 | -3.99× | — | ||
| Q4 24 | -14.04× | — | ||
| Q3 24 | -8.76× | — | ||
| Q2 24 | -1.69× | — | ||
| Q1 24 | -2.21× | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
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% |
