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Side-by-side financial comparison of First Foundation Inc. (FFWM) 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 $48.4M, roughly 1.9× First Foundation Inc.). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -97.9%, a 92.0% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 7.2%). First Foundation Inc. produced more free cash flow last quarter ($-35.2M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -2.7%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $91.6M |
| Net Profit | $-8.0M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | -97.5% | -1.0% |
| Net Margin | -97.9% | -5.9% |
| Revenue YoY | 421.7% | 7.2% |
| Net Profit YoY | 43.0% | -95.8% |
| EPS (diluted) | $-0.09 | $-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 | $48.4M | $91.6M | ||
| Q3 25 | $63.6M | $89.8M | ||
| Q2 25 | $51.4M | $88.6M | ||
| Q1 25 | $71.4M | $87.9M | ||
| Q4 24 | $9.3M | $85.4M | ||
| Q3 24 | $9.2M | $87.6M | ||
| Q2 24 | $57.5M | $85.8M | ||
| Q1 24 | $51.1M | $69.2M |
| Q4 25 | $-8.0M | $-5.4M | ||
| Q3 25 | $-146.3M | $-9.4M | ||
| Q2 25 | $-7.7M | $-9.0M | ||
| Q1 25 | $6.9M | $-9.1M | ||
| Q4 24 | $-14.1M | $-2.7M | ||
| Q3 24 | $-82.2M | $-5.3M | ||
| Q2 24 | $3.1M | $-12.9M | ||
| Q1 24 | $793.0K | $214.7M |
| Q4 25 | -97.5% | -1.0% | ||
| Q3 25 | -92.7% | -8.0% | ||
| Q2 25 | -21.1% | -10.3% | ||
| Q1 25 | 8.8% | -6.9% | ||
| Q4 24 | -247.7% | -6.7% | ||
| Q3 24 | -1276.7% | -4.8% | ||
| Q2 24 | 4.6% | -18.5% | ||
| Q1 24 | -0.2% | -4.0% |
| Q4 25 | -97.9% | -5.9% | ||
| Q3 25 | -230.1% | -10.5% | ||
| Q2 25 | -15.0% | -10.2% | ||
| Q1 25 | 9.7% | -10.4% | ||
| Q4 24 | -152.2% | -3.2% | ||
| Q3 24 | -896.9% | -6.0% | ||
| Q2 24 | 5.4% | -15.0% | ||
| Q1 24 | 1.6% | 310.0% |
| Q4 25 | $-0.09 | $-0.13 | ||
| Q3 25 | $-1.78 | $-0.20 | ||
| Q2 25 | $-0.09 | $-0.19 | ||
| Q1 25 | $0.08 | $-0.19 | ||
| Q4 24 | $-0.24 | $-0.34 | ||
| Q3 24 | $-1.23 | $-0.13 | ||
| Q2 24 | $0.05 | $-0.24 | ||
| Q1 24 | $0.01 | $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 | $1.6B | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $912.6M | $880.8M |
| Total Assets | $11.9B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $27.3M | ||
| Q3 25 | $1.7B | $22.6M | ||
| Q2 25 | $1.1B | $29.1M | ||
| Q1 25 | $1.0B | $87.5M | ||
| Q4 24 | $1.0B | $46.3M | ||
| Q3 24 | $1.1B | $43.1M | ||
| Q2 24 | $1.4B | $43.8M | ||
| Q1 24 | $1.6B | $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 | $912.6M | $880.8M | ||
| Q3 25 | $917.9M | $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 | $933.2M | $933.1M | ||
| Q1 24 | $928.7M | $871.6M |
| Q4 25 | $11.9B | $1.9B | ||
| Q3 25 | $11.9B | $1.9B | ||
| Q2 25 | $11.6B | $1.8B | ||
| Q1 25 | $12.6B | $1.8B | ||
| Q4 24 | $12.6B | $1.7B | ||
| Q3 24 | $13.4B | $1.7B | ||
| Q2 24 | $13.7B | $1.7B | ||
| Q1 24 | $13.6B | $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 | $-31.9M | $28.8M |
| Free Cash FlowOCF − Capex | $-35.2M | $-78.6M |
| FCF MarginFCF / Revenue | -72.8% | -85.8% |
| Capex IntensityCapex / Revenue | 6.9% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $28.8M | ||
| Q3 25 | $9.2M | $30.7M | ||
| Q2 25 | $-16.3M | $20.9M | ||
| Q1 25 | $-552.0K | $20.5M | ||
| Q4 24 | $-8.7M | $20.6M | ||
| Q3 24 | $14.2M | $24.3M | ||
| Q2 24 | $-9.1M | $2.5M | ||
| Q1 24 | $7.2M | $15.2M |
| Q4 25 | $-35.2M | $-78.6M | ||
| Q3 25 | $8.6M | $-51.4M | ||
| Q2 25 | $-16.7M | $-65.3M | ||
| Q1 25 | $-2.5M | $-62.7M | ||
| Q4 24 | $-11.4M | $-72.0M | ||
| Q3 24 | $13.4M | $-51.3M | ||
| Q2 24 | $-9.4M | $-78.3M | ||
| Q1 24 | $5.9M | $-54.9M |
| Q4 25 | -72.8% | -85.8% | ||
| Q3 25 | 13.5% | -57.2% | ||
| Q2 25 | -32.4% | -73.7% | ||
| Q1 25 | -3.5% | -71.3% | ||
| Q4 24 | -123.5% | -84.3% | ||
| Q3 24 | 146.2% | -58.5% | ||
| Q2 24 | -16.3% | -91.3% | ||
| Q1 24 | 11.6% | -79.3% |
| Q4 25 | 6.9% | 117.2% | ||
| Q3 25 | 1.0% | 91.4% | ||
| Q2 25 | 0.8% | 97.3% | ||
| Q1 25 | 2.8% | 94.7% | ||
| Q4 24 | 29.4% | 108.4% | ||
| Q3 24 | 9.0% | 86.2% | ||
| Q2 24 | 0.4% | 94.2% | ||
| Q1 24 | 2.5% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.96× | — | ||
| Q1 24 | 9.09× | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
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% |
