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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
Granite Ridge Resources, Inc. is the larger business by last-quarter revenue ($128.3M vs $91.6M, roughly 1.4× SHENANDOAH TELECOMMUNICATIONS CO). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -36.7%, a 30.8% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs 4.3%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (18.9% CAGR vs 15.0%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy 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.
GRNT vs SHEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $128.3M | $91.6M |
| Net Profit | $-47.0M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | — | -1.0% |
| Net Margin | -36.7% | -5.9% |
| Revenue YoY | 4.3% | 7.2% |
| Net Profit YoY | — | -95.8% |
| EPS (diluted) | $-0.36 | $-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.
| Q1 26 | $128.3M | — | ||
| Q4 25 | $105.5M | $91.6M | ||
| Q3 25 | $112.7M | $89.8M | ||
| Q2 25 | $109.2M | $88.6M | ||
| Q1 25 | $122.9M | $87.9M | ||
| Q4 24 | $106.3M | $85.4M | ||
| Q3 24 | $94.1M | $87.6M | ||
| Q2 24 | $90.7M | $85.8M |
| Q1 26 | $-47.0M | — | ||
| Q4 25 | — | $-5.4M | ||
| Q3 25 | $14.5M | $-9.4M | ||
| Q2 25 | $25.1M | $-9.0M | ||
| Q1 25 | $9.8M | $-9.1M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $9.1M | $-5.3M | ||
| Q2 24 | $5.1M | $-12.9M |
| Q1 26 | — | — | ||
| Q4 25 | -34.5% | -1.0% | ||
| Q3 25 | 17.4% | -8.0% | ||
| Q2 25 | 19.0% | -10.3% | ||
| Q1 25 | 34.6% | -6.9% | ||
| Q4 24 | -6.5% | -6.7% | ||
| Q3 24 | 26.2% | -4.8% | ||
| Q2 24 | 24.1% | -18.5% |
| Q1 26 | -36.7% | — | ||
| Q4 25 | — | -5.9% | ||
| Q3 25 | 12.9% | -10.5% | ||
| Q2 25 | 23.0% | -10.2% | ||
| Q1 25 | 8.0% | -10.4% | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | 9.6% | -6.0% | ||
| Q2 24 | 5.6% | -15.0% |
| Q1 26 | $-0.36 | — | ||
| Q4 25 | $-0.19 | $-0.13 | ||
| Q3 25 | $0.11 | $-0.20 | ||
| Q2 25 | $0.19 | $-0.19 | ||
| Q1 25 | $0.07 | $-0.19 | ||
| Q4 24 | $-0.09 | $-0.34 | ||
| Q3 24 | $0.07 | $-0.13 | ||
| Q2 24 | $0.04 | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $27.3M |
| Total DebtLower is stronger | $26.3M | $642.4M |
| Stockholders' EquityBook value | $545.6M | $880.8M |
| Total Assets | $1.2B | $1.9B |
| Debt / EquityLower = less leverage | 0.05× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $87.5M | ||
| Q4 24 | — | $46.3M | ||
| Q3 24 | — | $43.1M | ||
| Q2 24 | — | $43.8M |
| Q1 26 | $26.3M | — | ||
| Q4 25 | $367.8M | $642.4M | ||
| Q3 25 | $300.0M | $535.4M | ||
| Q2 25 | $275.0M | $513.1M | ||
| Q1 25 | $250.0M | $515.8M | ||
| Q4 24 | $205.0M | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M |
| Q1 26 | $545.6M | — | ||
| Q4 25 | $605.8M | $880.8M | ||
| Q3 25 | $643.9M | $892.7M | ||
| Q2 25 | $642.5M | $902.0M | ||
| Q1 25 | $631.4M | $910.5M | ||
| Q4 24 | $635.4M | $918.6M | ||
| Q3 24 | $660.6M | $925.4M | ||
| Q2 24 | $665.3M | $933.1M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $990.5M | $1.7B |
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.61× | 0.73× | ||
| Q3 25 | 0.47× | 0.60× | ||
| Q2 25 | 0.43× | 0.57× | ||
| Q1 25 | 0.40× | 0.57× | ||
| Q4 24 | 0.32× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $58.3M | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | 47.1% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $58.3M | — | ||
| Q4 25 | $64.5M | $28.8M | ||
| Q3 25 | $77.8M | $30.7M | ||
| Q2 25 | $78.0M | $20.9M | ||
| Q1 25 | $76.1M | $20.5M | ||
| Q4 24 | $68.2M | $20.6M | ||
| Q3 24 | $74.7M | $24.3M | ||
| Q2 24 | $64.2M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-78.6M | ||
| Q3 25 | — | $-51.4M | ||
| Q2 25 | — | $-65.3M | ||
| Q1 25 | — | $-62.7M | ||
| Q4 24 | — | $-72.0M | ||
| Q3 24 | — | $-51.3M | ||
| Q2 24 | — | $-78.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | -85.8% | ||
| Q3 25 | — | -57.2% | ||
| Q2 25 | — | -73.7% | ||
| Q1 25 | — | -71.3% | ||
| Q4 24 | — | -84.3% | ||
| Q3 24 | — | -58.5% | ||
| Q2 24 | — | -91.3% |
| Q1 26 | 47.1% | — | ||
| Q4 25 | — | 117.2% | ||
| Q3 25 | — | 91.4% | ||
| Q2 25 | — | 97.3% | ||
| Q1 25 | — | 94.7% | ||
| Q4 24 | — | 108.4% | ||
| Q3 24 | — | 86.2% | ||
| Q2 24 | — | 94.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 5.36× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 7.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.25× | — | ||
| Q2 24 | 12.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil sales | $103.4M | 81% |
| Natural gas and related product sales | $24.8M | 19% |
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% |
