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Side-by-side financial comparison of FB Financial Corp (FBK) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

FB Financial Corp is the larger business by last-quarter revenue ($178.6M vs $91.6M, roughly 1.9× SHENANDOAH TELECOMMUNICATIONS CO). FB Financial Corp runs the higher net margin — 31.9% vs -5.9%, a 37.8% gap on every dollar of revenue. On growth, FB Financial Corp posted the faster year-over-year revenue change (37.0% vs 7.2%). FB Financial Corp produced more free cash flow last quarter ($147.0M vs $-78.6M). Over the past eight quarters, FB Financial Corp's revenue compounded faster (28.9% CAGR vs 15.0%).

Fubon Financial Holding Co., Ltd. is a financial investment holding company consists of the following key subsidiaries: Fubon Asset Management, Fubon Insurance Co. Ltd., Fubon Securities, Fubon Bank, Fubon Life, Fubon Bank (China) and Fubon Bank Limited. The holding company was setup on 19 December 2001.

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.

FBK vs SHEN — Head-to-Head

Bigger by revenue
FBK
FBK
1.9× larger
FBK
$178.6M
$91.6M
SHEN
Growing faster (revenue YoY)
FBK
FBK
+29.8% gap
FBK
37.0%
7.2%
SHEN
Higher net margin
FBK
FBK
37.8% more per $
FBK
31.9%
-5.9%
SHEN
More free cash flow
FBK
FBK
$225.6M more FCF
FBK
$147.0M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
FBK
FBK
Annualised
FBK
28.9%
15.0%
SHEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FBK
FBK
SHEN
SHEN
Revenue
$178.6M
$91.6M
Net Profit
$57.0M
$-5.4M
Gross Margin
Operating Margin
39.1%
-1.0%
Net Margin
31.9%
-5.9%
Revenue YoY
37.0%
7.2%
Net Profit YoY
50.4%
-95.8%
EPS (diluted)
$1.12
$-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
FBK
FBK
SHEN
SHEN
Q4 25
$178.6M
$91.6M
Q3 25
$173.9M
$89.8M
Q2 25
$76.9M
$88.6M
Q1 25
$130.7M
$87.9M
Q4 24
$130.4M
$85.4M
Q3 24
$89.5M
$87.6M
Q2 24
$128.2M
$85.8M
Q1 24
$107.5M
$69.2M
Net Profit
FBK
FBK
SHEN
SHEN
Q4 25
$57.0M
$-5.4M
Q3 25
$23.4M
$-9.4M
Q2 25
$2.9M
$-9.0M
Q1 25
$39.4M
$-9.1M
Q4 24
$37.9M
$-2.7M
Q3 24
$10.2M
$-5.3M
Q2 24
$40.0M
$-12.9M
Q1 24
$27.9M
$214.7M
Operating Margin
FBK
FBK
SHEN
SHEN
Q4 25
39.1%
-1.0%
Q3 25
17.0%
-8.0%
Q2 25
-12.7%
-10.3%
Q1 25
37.4%
-6.9%
Q4 24
38.4%
-6.7%
Q3 24
12.7%
-4.8%
Q2 24
39.7%
-18.5%
Q1 24
31.9%
-4.0%
Net Margin
FBK
FBK
SHEN
SHEN
Q4 25
31.9%
-5.9%
Q3 25
13.4%
-10.5%
Q2 25
3.8%
-10.2%
Q1 25
30.1%
-10.4%
Q4 24
29.1%
-3.2%
Q3 24
11.4%
-6.0%
Q2 24
31.2%
-15.0%
Q1 24
26.0%
310.0%
EPS (diluted)
FBK
FBK
SHEN
SHEN
Q4 25
$1.12
$-0.13
Q3 25
$0.43
$-0.20
Q2 25
$0.06
$-0.19
Q1 25
$0.84
$-0.19
Q4 24
$0.82
$-0.34
Q3 24
$0.22
$-0.13
Q2 24
$0.85
$-0.24
Q1 24
$0.59
$4.25

Balance Sheet & Financial Strength

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

Metric
FBK
FBK
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$1.2B
$27.3M
Total DebtLower is stronger
$212.8M
$642.4M
Stockholders' EquityBook value
$1.9B
$880.8M
Total Assets
$16.3B
$1.9B
Debt / EquityLower = less leverage
0.11×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBK
FBK
SHEN
SHEN
Q4 25
$1.2B
$27.3M
Q3 25
$1.3B
$22.6M
Q2 25
$1.2B
$29.1M
Q1 25
$794.7M
$87.5M
Q4 24
$1.0B
$46.3M
Q3 24
$951.8M
$43.1M
Q2 24
$800.9M
$43.8M
Q1 24
$870.7M
$389.7M
Total Debt
FBK
FBK
SHEN
SHEN
Q4 25
$212.8M
$642.4M
Q3 25
$213.6M
$535.4M
Q2 25
$513.1M
Q1 25
$515.8M
Q4 24
$176.8M
$418.0M
Q3 24
$345.2M
Q2 24
$297.4M
Q1 24
$298.7M
Stockholders' Equity
FBK
FBK
SHEN
SHEN
Q4 25
$1.9B
$880.8M
Q3 25
$2.0B
$892.7M
Q2 25
$1.6B
$902.0M
Q1 25
$1.6B
$910.5M
Q4 24
$1.6B
$918.6M
Q3 24
$1.6B
$925.4M
Q2 24
$1.5B
$933.1M
Q1 24
$1.5B
$871.6M
Total Assets
FBK
FBK
SHEN
SHEN
Q4 25
$16.3B
$1.9B
Q3 25
$16.2B
$1.9B
Q2 25
$13.4B
$1.8B
Q1 25
$13.1B
$1.8B
Q4 24
$13.2B
$1.7B
Q3 24
$12.9B
$1.7B
Q2 24
$12.5B
$1.7B
Q1 24
$12.5B
$1.4B
Debt / Equity
FBK
FBK
SHEN
SHEN
Q4 25
0.11×
0.73×
Q3 25
0.11×
0.60×
Q2 25
0.57×
Q1 25
0.57×
Q4 24
0.11×
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
FBK
FBK
SHEN
SHEN
Operating Cash FlowLast quarter
$155.9M
$28.8M
Free Cash FlowOCF − Capex
$147.0M
$-78.6M
FCF MarginFCF / Revenue
82.3%
-85.8%
Capex IntensityCapex / Revenue
5.0%
117.2%
Cash ConversionOCF / Net Profit
2.74×
TTM Free Cash FlowTrailing 4 quarters
$242.8M
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBK
FBK
SHEN
SHEN
Q4 25
$155.9M
$28.8M
Q3 25
$47.7M
$30.7M
Q2 25
$71.8M
$20.9M
Q1 25
$-16.5M
$20.5M
Q4 24
$138.8M
$20.6M
Q3 24
$57.8M
$24.3M
Q2 24
$30.6M
$2.5M
Q1 24
$36.3M
$15.2M
Free Cash Flow
FBK
FBK
SHEN
SHEN
Q4 25
$147.0M
$-78.6M
Q3 25
$45.6M
$-51.4M
Q2 25
$68.4M
$-65.3M
Q1 25
$-18.1M
$-62.7M
Q4 24
$132.3M
$-72.0M
Q3 24
$56.7M
$-51.3M
Q2 24
$28.4M
$-78.3M
Q1 24
$34.6M
$-54.9M
FCF Margin
FBK
FBK
SHEN
SHEN
Q4 25
82.3%
-85.8%
Q3 25
26.2%
-57.2%
Q2 25
89.0%
-73.7%
Q1 25
-13.9%
-71.3%
Q4 24
101.4%
-84.3%
Q3 24
63.3%
-58.5%
Q2 24
22.1%
-91.3%
Q1 24
32.2%
-79.3%
Capex Intensity
FBK
FBK
SHEN
SHEN
Q4 25
5.0%
117.2%
Q3 25
1.2%
91.4%
Q2 25
4.4%
97.3%
Q1 25
1.3%
94.7%
Q4 24
5.0%
108.4%
Q3 24
1.2%
86.2%
Q2 24
1.7%
94.2%
Q1 24
1.5%
101.2%
Cash Conversion
FBK
FBK
SHEN
SHEN
Q4 25
2.74×
Q3 25
2.04×
Q2 25
24.68×
Q1 25
-0.42×
Q4 24
3.66×
Q3 24
5.65×
Q2 24
0.77×
Q1 24
1.30×
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FBK
FBK

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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