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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $91.6M, roughly 1.2× SHENANDOAH TELECOMMUNICATIONS CO). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs -5.9%, a 25.5% gap on every dollar of revenue. Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 6.9%).

FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.

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.

FSUN vs SHEN — Head-to-Head

Bigger by revenue
FSUN
FSUN
1.2× larger
FSUN
$110.0M
$91.6M
SHEN
Higher net margin
FSUN
FSUN
25.5% more per $
FSUN
19.6%
-5.9%
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
6.9%
FSUN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FSUN
FSUN
SHEN
SHEN
Revenue
$110.0M
$91.6M
Net Profit
$21.6M
$-5.4M
Gross Margin
Operating Margin
-1.0%
Net Margin
19.6%
-5.9%
Revenue YoY
7.2%
Net Profit YoY
-8.4%
-95.8%
EPS (diluted)
$0.76
$-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
FSUN
FSUN
SHEN
SHEN
Q1 26
$110.0M
Q4 25
$110.2M
$91.6M
Q3 25
$107.3M
$89.8M
Q2 25
$105.6M
$88.6M
Q1 25
$96.2M
$87.9M
Q4 24
$98.7M
$85.4M
Q3 24
$98.2M
$87.6M
Q2 24
$96.2M
$85.8M
Net Profit
FSUN
FSUN
SHEN
SHEN
Q1 26
$21.6M
Q4 25
$24.8M
$-5.4M
Q3 25
$23.2M
$-9.4M
Q2 25
$26.4M
$-9.0M
Q1 25
$23.6M
$-9.1M
Q4 24
$16.4M
$-2.7M
Q3 24
$22.4M
$-5.3M
Q2 24
$24.6M
$-12.9M
Operating Margin
FSUN
FSUN
SHEN
SHEN
Q1 26
Q4 25
29.0%
-1.0%
Q3 25
26.4%
-8.0%
Q2 25
31.2%
-10.3%
Q1 25
30.9%
-6.9%
Q4 24
20.4%
-6.7%
Q3 24
29.1%
-4.8%
Q2 24
32.3%
-18.5%
Net Margin
FSUN
FSUN
SHEN
SHEN
Q1 26
19.6%
Q4 25
22.5%
-5.9%
Q3 25
21.6%
-10.5%
Q2 25
25.0%
-10.2%
Q1 25
24.5%
-10.4%
Q4 24
16.6%
-3.2%
Q3 24
22.8%
-6.0%
Q2 24
25.5%
-15.0%
EPS (diluted)
FSUN
FSUN
SHEN
SHEN
Q1 26
$0.76
Q4 25
$0.89
$-0.13
Q3 25
$0.82
$-0.20
Q2 25
$0.93
$-0.19
Q1 25
$0.83
$-0.19
Q4 24
$0.57
$-0.34
Q3 24
$0.79
$-0.13
Q2 24
$0.88
$-0.24

Balance Sheet & Financial Strength

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

Metric
FSUN
FSUN
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$413.7M
$27.3M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$1.2B
$880.8M
Total Assets
$8.6B
$1.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSUN
FSUN
SHEN
SHEN
Q1 26
$413.7M
Q4 25
$652.6M
$27.3M
Q3 25
$659.9M
$22.6M
Q2 25
$785.1M
$29.1M
Q1 25
$621.4M
$87.5M
Q4 24
$615.9M
$46.3M
Q3 24
$573.7M
$43.1M
Q2 24
$535.8M
$43.8M
Total Debt
FSUN
FSUN
SHEN
SHEN
Q1 26
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
Stockholders' Equity
FSUN
FSUN
SHEN
SHEN
Q1 26
$1.2B
Q4 25
$1.2B
$880.8M
Q3 25
$1.1B
$892.7M
Q2 25
$1.1B
$902.0M
Q1 25
$1.1B
$910.5M
Q4 24
$1.0B
$918.6M
Q3 24
$1.0B
$925.4M
Q2 24
$996.6M
$933.1M
Total Assets
FSUN
FSUN
SHEN
SHEN
Q1 26
$8.6B
Q4 25
$8.5B
$1.9B
Q3 25
$8.5B
$1.9B
Q2 25
$8.4B
$1.8B
Q1 25
$8.2B
$1.8B
Q4 24
$8.1B
$1.7B
Q3 24
$8.1B
$1.7B
Q2 24
$8.0B
$1.7B
Debt / Equity
FSUN
FSUN
SHEN
SHEN
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FSUN
FSUN
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
FSUN
FSUN
SHEN
SHEN
Q1 26
Q4 25
$111.5M
$28.8M
Q3 25
$49.4M
$30.7M
Q2 25
$15.0M
$20.9M
Q1 25
$26.4M
$20.5M
Q4 24
$101.1M
$20.6M
Q3 24
$48.1M
$24.3M
Q2 24
$20.9M
$2.5M
Free Cash Flow
FSUN
FSUN
SHEN
SHEN
Q1 26
Q4 25
$104.0M
$-78.6M
Q3 25
$47.6M
$-51.4M
Q2 25
$13.0M
$-65.3M
Q1 25
$24.3M
$-62.7M
Q4 24
$95.7M
$-72.0M
Q3 24
$47.1M
$-51.3M
Q2 24
$19.9M
$-78.3M
FCF Margin
FSUN
FSUN
SHEN
SHEN
Q1 26
Q4 25
94.3%
-85.8%
Q3 25
44.4%
-57.2%
Q2 25
12.3%
-73.7%
Q1 25
25.3%
-71.3%
Q4 24
97.0%
-84.3%
Q3 24
47.9%
-58.5%
Q2 24
20.6%
-91.3%
Capex Intensity
FSUN
FSUN
SHEN
SHEN
Q1 26
Q4 25
6.8%
117.2%
Q3 25
1.6%
91.4%
Q2 25
1.9%
97.3%
Q1 25
2.1%
94.7%
Q4 24
5.5%
108.4%
Q3 24
1.1%
86.2%
Q2 24
1.1%
94.2%
Cash Conversion
FSUN
FSUN
SHEN
SHEN
Q1 26
Q4 25
4.49×
Q3 25
2.13×
Q2 25
0.57×
Q1 25
1.12×
Q4 24
6.18×
Q3 24
2.15×
Q2 24
0.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSUN
FSUN

Net Interest Income$82.8M75%
Noninterest Income$27.2M25%

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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