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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) 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 $79.7M, roughly 1.1× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs 7.2%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 4.7%).
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
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.
HSTM vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $91.6M |
| Net Profit | — | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | 3.0% | -1.0% |
| Net Margin | — | -5.9% |
| Revenue YoY | 7.4% | 7.2% |
| Net Profit YoY | — | -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 | $79.7M | $91.6M | ||
| Q3 25 | $76.5M | $89.8M | ||
| Q2 25 | $74.4M | $88.6M | ||
| Q1 25 | $73.5M | $87.9M | ||
| Q4 24 | $74.2M | $85.4M | ||
| Q3 24 | $73.1M | $87.6M | ||
| Q2 24 | $71.6M | $85.8M | ||
| Q1 24 | $72.8M | $69.2M |
| Q4 25 | — | $-5.4M | ||
| Q3 25 | $6.1M | $-9.4M | ||
| Q2 25 | $5.4M | $-9.0M | ||
| Q1 25 | $4.3M | $-9.1M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $5.7M | $-5.3M | ||
| Q2 24 | $4.2M | $-12.9M | ||
| Q1 24 | $5.2M | $214.7M |
| Q4 25 | 3.0% | -1.0% | ||
| Q3 25 | 9.9% | -8.0% | ||
| Q2 25 | 7.9% | -10.3% | ||
| Q1 25 | 6.0% | -6.9% | ||
| Q4 24 | 6.3% | -6.7% | ||
| Q3 24 | 8.9% | -4.8% | ||
| Q2 24 | 6.2% | -18.5% | ||
| Q1 24 | 7.8% | -4.0% |
| Q4 25 | — | -5.9% | ||
| Q3 25 | 8.0% | -10.5% | ||
| Q2 25 | 7.2% | -10.2% | ||
| Q1 25 | 5.9% | -10.4% | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | 7.8% | -6.0% | ||
| Q2 24 | 5.8% | -15.0% | ||
| Q1 24 | 7.2% | 310.0% |
| Q4 25 | $0.09 | $-0.13 | ||
| Q3 25 | $0.20 | $-0.20 | ||
| Q2 25 | $0.18 | $-0.19 | ||
| Q1 25 | $0.14 | $-0.19 | ||
| Q4 24 | $0.16 | $-0.34 | ||
| Q3 24 | $0.19 | $-0.13 | ||
| Q2 24 | $0.14 | $-0.24 | ||
| Q1 24 | $0.17 | $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 | $36.2M | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $354.0M | $880.8M |
| Total Assets | $520.4M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $27.3M | ||
| Q3 25 | $53.5M | $22.6M | ||
| Q2 25 | $52.1M | $29.1M | ||
| Q1 25 | $77.3M | $87.5M | ||
| Q4 24 | $59.5M | $46.3M | ||
| Q3 24 | $57.5M | $43.1M | ||
| Q2 24 | $46.1M | $43.8M | ||
| Q1 24 | $52.4M | $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 | $354.0M | $880.8M | ||
| Q3 25 | $349.2M | $892.7M | ||
| Q2 25 | $350.6M | $902.0M | ||
| Q1 25 | $362.8M | $910.5M | ||
| Q4 24 | $359.4M | $918.6M | ||
| Q3 24 | $355.5M | $925.4M | ||
| Q2 24 | $349.2M | $933.1M | ||
| Q1 24 | $344.9M | $871.6M |
| Q4 25 | $520.4M | $1.9B | ||
| Q3 25 | $499.9M | $1.9B | ||
| Q2 25 | $500.1M | $1.8B | ||
| Q1 25 | $524.0M | $1.8B | ||
| Q4 24 | $510.8M | $1.7B | ||
| Q3 24 | $502.8M | $1.7B | ||
| Q2 24 | $499.6M | $1.7B | ||
| Q1 24 | $511.6M | $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 | $13.2M | $28.8M |
| Free Cash FlowOCF − Capex | $13.0M | $-78.6M |
| FCF MarginFCF / Revenue | 16.3% | -85.8% |
| Capex IntensityCapex / Revenue | 0.3% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $28.8M | ||
| Q3 25 | $18.0M | $30.7M | ||
| Q2 25 | $5.0M | $20.9M | ||
| Q1 25 | $27.1M | $20.5M | ||
| Q4 24 | $11.2M | $20.6M | ||
| Q3 24 | $19.1M | $24.3M | ||
| Q2 24 | $6.5M | $2.5M | ||
| Q1 24 | $20.9M | $15.2M |
| Q4 25 | $13.0M | $-78.6M | ||
| Q3 25 | $17.9M | $-51.4M | ||
| Q2 25 | $2.7M | $-65.3M | ||
| Q1 25 | $26.0M | $-62.7M | ||
| Q4 24 | $11.0M | $-72.0M | ||
| Q3 24 | $18.8M | $-51.3M | ||
| Q2 24 | $6.3M | $-78.3M | ||
| Q1 24 | $20.2M | $-54.9M |
| Q4 25 | 16.3% | -85.8% | ||
| Q3 25 | 23.4% | -57.2% | ||
| Q2 25 | 3.6% | -73.7% | ||
| Q1 25 | 35.4% | -71.3% | ||
| Q4 24 | 14.8% | -84.3% | ||
| Q3 24 | 25.8% | -58.5% | ||
| Q2 24 | 8.8% | -91.3% | ||
| Q1 24 | 27.8% | -79.3% |
| Q4 25 | 0.3% | 117.2% | ||
| Q3 25 | 0.1% | 91.4% | ||
| Q2 25 | 3.1% | 97.3% | ||
| Q1 25 | 1.4% | 94.7% | ||
| Q4 24 | 0.3% | 108.4% | ||
| Q3 24 | 0.4% | 86.2% | ||
| Q2 24 | 0.2% | 94.2% | ||
| Q1 24 | 1.0% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 6.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | — | ||
| Q2 24 | 1.55× | — | ||
| Q1 24 | 4.01× | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
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% |
