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Side-by-side financial comparison of Employers Holdings, Inc. (EIG) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

Employers Holdings, Inc. is the larger business by last-quarter revenue ($170.5M vs $91.6M, roughly 1.9× SHENANDOAH TELECOMMUNICATIONS CO). On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -21.3%). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -11.4%).

Employers Holdings, Inc. is a U.S.-headquartered insurance holding company that specializes in offering workers' compensation insurance and customized risk management services primarily for small and medium-sized enterprises across the United States. It mainly serves clients in low-to-medium hazard industries, helping them mitigate workplace safety risks and meet relevant regulatory requirements for employee protection.

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.

EIG vs SHEN — Head-to-Head

Bigger by revenue
EIG
EIG
1.9× larger
EIG
$170.5M
$91.6M
SHEN
Growing faster (revenue YoY)
SHEN
SHEN
+28.5% gap
SHEN
7.2%
-21.3%
EIG
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
-11.4%
EIG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EIG
EIG
SHEN
SHEN
Revenue
$170.5M
$91.6M
Net Profit
$-5.4M
Gross Margin
Operating Margin
-1.0%
Net Margin
-5.9%
Revenue YoY
-21.3%
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
EIG
EIG
SHEN
SHEN
Q1 26
$170.5M
Q4 25
$188.5M
$91.6M
Q3 25
$239.3M
$89.8M
Q2 25
$246.3M
$88.6M
Q1 25
$202.6M
$87.9M
Q4 24
$216.6M
$85.4M
Q3 24
$224.0M
$87.6M
Q2 24
$217.0M
$85.8M
Net Profit
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
$-5.4M
Q3 25
$-8.3M
$-9.4M
Q2 25
$29.7M
$-9.0M
Q1 25
$12.8M
$-9.1M
Q4 24
$-2.7M
Q3 24
$30.3M
$-5.3M
Q2 24
$31.7M
$-12.9M
Operating Margin
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
-1.0%
Q3 25
-4.7%
-8.0%
Q2 25
15.0%
-10.3%
Q1 25
7.8%
-6.9%
Q4 24
-6.7%
Q3 24
16.4%
-4.8%
Q2 24
18.4%
-18.5%
Net Margin
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
-5.9%
Q3 25
-3.5%
-10.5%
Q2 25
12.1%
-10.2%
Q1 25
6.3%
-10.4%
Q4 24
-3.2%
Q3 24
13.5%
-6.0%
Q2 24
14.6%
-15.0%
EPS (diluted)
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
$-0.93
$-0.13
Q3 25
$-0.36
$-0.20
Q2 25
$1.23
$-0.19
Q1 25
$0.52
$-0.19
Q4 24
$1.14
$-0.34
Q3 24
$1.21
$-0.13
Q2 24
$1.25
$-0.24

Balance Sheet & Financial Strength

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

Metric
EIG
EIG
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$169.9M
$27.3M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$955.7M
$880.8M
Total Assets
$3.4B
$1.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EIG
EIG
SHEN
SHEN
Q1 26
$169.9M
Q4 25
$169.9M
$27.3M
Q3 25
$172.4M
$22.6M
Q2 25
$78.1M
$29.1M
Q1 25
$100.4M
$87.5M
Q4 24
$68.4M
$46.3M
Q3 24
$173.9M
$43.1M
Q2 24
$126.4M
$43.8M
Total Debt
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
$19.0M
$642.4M
Q3 25
$535.4M
Q2 25
$513.1M
Q1 25
$515.8M
Q4 24
$0
$418.0M
Q3 24
$345.2M
Q2 24
$297.4M
Stockholders' Equity
EIG
EIG
SHEN
SHEN
Q1 26
$955.7M
Q4 25
$955.7M
$880.8M
Q3 25
$1.0B
$892.7M
Q2 25
$1.1B
$902.0M
Q1 25
$1.1B
$910.5M
Q4 24
$1.1B
$918.6M
Q3 24
$1.1B
$925.4M
Q2 24
$1.0B
$933.1M
Total Assets
EIG
EIG
SHEN
SHEN
Q1 26
$3.4B
Q4 25
$3.4B
$1.9B
Q3 25
$3.5B
$1.9B
Q2 25
$3.5B
$1.8B
Q1 25
$3.6B
$1.8B
Q4 24
$3.5B
$1.7B
Q3 24
$3.6B
$1.7B
Q2 24
$3.5B
$1.7B
Debt / Equity
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
0.02×
0.73×
Q3 25
0.60×
Q2 25
0.57×
Q1 25
0.57×
Q4 24
0.00×
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
EIG
EIG
SHEN
SHEN
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.

Operating Cash Flow
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
$44.7M
$28.8M
Q3 25
$29.4M
$30.7M
Q2 25
$0
$20.9M
Q1 25
$14.6M
$20.5M
Q4 24
$76.4M
$20.6M
Q3 24
$51.0M
$24.3M
Q2 24
$11.7M
$2.5M
Free Cash Flow
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
$44.6M
$-78.6M
Q3 25
$-51.4M
Q2 25
$-65.3M
Q1 25
$-62.7M
Q4 24
$76.3M
$-72.0M
Q3 24
$-51.3M
Q2 24
$-78.3M
FCF Margin
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
23.7%
-85.8%
Q3 25
-57.2%
Q2 25
-73.7%
Q1 25
-71.3%
Q4 24
35.2%
-84.3%
Q3 24
-58.5%
Q2 24
-91.3%
Capex Intensity
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
0.1%
117.2%
Q3 25
91.4%
Q2 25
97.3%
Q1 25
94.7%
Q4 24
0.0%
108.4%
Q3 24
86.2%
Q2 24
94.2%
Cash Conversion
EIG
EIG
SHEN
SHEN
Q1 26
Q4 25
Q3 25
Q2 25
0.00×
Q1 25
1.14×
Q4 24
Q3 24
1.68×
Q2 24
0.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EIG
EIG

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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