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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
GCL Global Holdings Ltd is the larger business by last-quarter revenue ($98.7M vs $91.6M, roughly 1.1× SHENANDOAH TELECOMMUNICATIONS CO). GCL Global Holdings Ltd runs the higher net margin — -5.2% vs -5.9%, a 0.7% gap on every dollar of revenue. GCL Global Holdings Ltd produced more free cash flow last quarter ($-5.2M vs $-78.6M).
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
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.
GCL vs SHEN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $91.6M |
| Net Profit | $-5.1M | $-5.4M |
| Gross Margin | 11.0% | — |
| Operating Margin | -6.7% | -1.0% |
| Net Margin | -5.2% | -5.9% |
| Revenue YoY | — | 7.2% |
| Net Profit YoY | — | -95.8% |
| EPS (diluted) | $-0.04 | $-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 | — | $91.6M | ||
| Q3 25 | $98.7M | $89.8M | ||
| Q2 25 | $142.1M | $88.6M | ||
| Q1 25 | — | $87.9M | ||
| Q4 24 | — | $85.4M | ||
| Q3 24 | $36.1M | $87.6M | ||
| Q2 24 | — | $85.8M | ||
| Q1 24 | — | $69.2M |
| Q4 25 | — | $-5.4M | ||
| Q3 25 | $-5.1M | $-9.4M | ||
| Q2 25 | $5.6M | $-9.0M | ||
| Q1 25 | — | $-9.1M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $-1.9M | $-5.3M | ||
| Q2 24 | — | $-12.9M | ||
| Q1 24 | — | $214.7M |
| Q4 25 | — | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -1.0% | ||
| Q3 25 | -6.7% | -8.0% | ||
| Q2 25 | 2.3% | -10.3% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | -5.6% | -4.8% | ||
| Q2 24 | — | -18.5% | ||
| Q1 24 | — | -4.0% |
| Q4 25 | — | -5.9% | ||
| Q3 25 | -5.2% | -10.5% | ||
| Q2 25 | 3.9% | -10.2% | ||
| Q1 25 | — | -10.4% | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | -5.2% | -6.0% | ||
| Q2 24 | — | -15.0% | ||
| Q1 24 | — | 310.0% |
| Q4 25 | — | $-0.13 | ||
| Q3 25 | $-0.04 | $-0.20 | ||
| Q2 25 | $0.05 | $-0.19 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | — | $-0.34 | ||
| Q3 24 | — | $-0.13 | ||
| Q2 24 | — | $-0.24 | ||
| Q1 24 | — | $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 | $16.6M | $27.3M |
| Total DebtLower is stronger | $52.0M | $642.4M |
| Stockholders' EquityBook value | $33.1M | $880.8M |
| Total Assets | $159.9M | $1.9B |
| Debt / EquityLower = less leverage | 1.57× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $27.3M | ||
| Q3 25 | $16.6M | $22.6M | ||
| Q2 25 | $18.2M | $29.1M | ||
| Q1 25 | — | $87.5M | ||
| Q4 24 | — | $46.3M | ||
| Q3 24 | $2.7M | $43.1M | ||
| Q2 24 | — | $43.8M | ||
| Q1 24 | — | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | $52.0M | $535.4M | ||
| Q2 25 | $11.9M | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | — | $880.8M | ||
| Q3 25 | $33.1M | $892.7M | ||
| Q2 25 | $35.9M | $902.0M | ||
| Q1 25 | — | $910.5M | ||
| Q4 24 | — | $918.6M | ||
| Q3 24 | $15.9M | $925.4M | ||
| Q2 24 | — | $933.1M | ||
| Q1 24 | — | $871.6M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | $159.9M | $1.9B | ||
| Q2 25 | $101.6M | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $49.6M | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | 1.57× | 0.60× | ||
| Q2 25 | 0.33× | 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 | $-4.8M | $28.8M |
| Free Cash FlowOCF − Capex | $-5.2M | $-78.6M |
| FCF MarginFCF / Revenue | -5.3% | -85.8% |
| Capex IntensityCapex / Revenue | 0.4% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.8M | ||
| Q3 25 | $-4.8M | $30.7M | ||
| Q2 25 | $-10.3M | $20.9M | ||
| Q1 25 | — | $20.5M | ||
| Q4 24 | — | $20.6M | ||
| Q3 24 | $6.1M | $24.3M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $15.2M |
| Q4 25 | — | $-78.6M | ||
| Q3 25 | $-5.2M | $-51.4M | ||
| Q2 25 | $-10.5M | $-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 | -5.3% | -57.2% | ||
| Q2 25 | -7.4% | -73.7% | ||
| Q1 25 | — | -71.3% | ||
| Q4 24 | — | -84.3% | ||
| Q3 24 | — | -58.5% | ||
| Q2 24 | — | -91.3% | ||
| Q1 24 | — | -79.3% |
| Q4 25 | — | 117.2% | ||
| Q3 25 | 0.4% | 91.4% | ||
| Q2 25 | 0.1% | 97.3% | ||
| Q1 25 | — | 94.7% | ||
| Q4 24 | — | 108.4% | ||
| Q3 24 | — | 86.2% | ||
| Q2 24 | — | 94.2% | ||
| Q1 24 | — | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -1.84× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GCL
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% |
