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Side-by-side financial comparison of MID PENN BANCORP INC (MPB) 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 $62.0M, roughly 1.5× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -5.9%, a 37.2% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 7.2%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-78.6M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs 15.0%).
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.
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.
MPB vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.0M | $91.6M |
| Net Profit | $19.4M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | 43.6% | -1.0% |
| Net Margin | 31.4% | -5.9% |
| Revenue YoY | 30.8% | 7.2% |
| Net Profit YoY | 47.0% | -95.8% |
| EPS (diluted) | $0.83 | $-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 | $62.0M | $91.6M | ||
| Q3 25 | $61.8M | $89.8M | ||
| Q2 25 | $54.3M | $88.6M | ||
| Q1 25 | $47.7M | $87.9M | ||
| Q4 24 | $47.4M | $85.4M | ||
| Q3 24 | $45.3M | $87.6M | ||
| Q2 24 | $44.1M | $85.8M | ||
| Q1 24 | $42.3M | $69.2M |
| Q4 25 | $19.4M | $-5.4M | ||
| Q3 25 | $18.3M | $-9.4M | ||
| Q2 25 | $4.8M | $-9.0M | ||
| Q1 25 | $13.7M | $-9.1M | ||
| Q4 24 | $13.2M | $-2.7M | ||
| Q3 24 | $12.3M | $-5.3M | ||
| Q2 24 | $11.8M | $-12.9M | ||
| Q1 24 | $12.1M | $214.7M |
| Q4 25 | 43.6% | -1.0% | ||
| Q3 25 | 39.3% | -8.0% | ||
| Q2 25 | 7.9% | -10.3% | ||
| Q1 25 | 35.2% | -6.9% | ||
| Q4 24 | 34.1% | -6.7% | ||
| Q3 24 | 32.8% | -4.8% | ||
| Q2 24 | 32.4% | -18.5% | ||
| Q1 24 | 34.8% | -4.0% |
| Q4 25 | 31.4% | -5.9% | ||
| Q3 25 | 29.6% | -10.5% | ||
| Q2 25 | 8.8% | -10.2% | ||
| Q1 25 | 28.8% | -10.4% | ||
| Q4 24 | 27.9% | -3.2% | ||
| Q3 24 | 27.1% | -6.0% | ||
| Q2 24 | 26.7% | -15.0% | ||
| Q1 24 | 28.7% | 310.0% |
| Q4 25 | $0.83 | $-0.13 | ||
| Q3 25 | $0.79 | $-0.20 | ||
| Q2 25 | $0.22 | $-0.19 | ||
| Q1 25 | $0.71 | $-0.19 | ||
| Q4 24 | $0.72 | $-0.34 | ||
| Q3 24 | $0.74 | $-0.13 | ||
| Q2 24 | $0.71 | $-0.24 | ||
| Q1 24 | $0.73 | $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 | — | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $814.1M | $880.8M |
| Total Assets | $6.1B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | — | $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 | $814.1M | $880.8M | ||
| Q3 25 | $796.3M | $892.7M | ||
| Q2 25 | $775.7M | $902.0M | ||
| Q1 25 | $667.9M | $910.5M | ||
| Q4 24 | $655.0M | $918.6M | ||
| Q3 24 | $573.1M | $925.4M | ||
| Q2 24 | $559.7M | $933.1M | ||
| Q1 24 | $551.0M | $871.6M |
| Q4 25 | $6.1B | $1.9B | ||
| Q3 25 | $6.3B | $1.9B | ||
| Q2 25 | $6.4B | $1.8B | ||
| Q1 25 | $5.5B | $1.8B | ||
| Q4 24 | $5.5B | $1.7B | ||
| Q3 24 | $5.5B | $1.7B | ||
| Q2 24 | $5.4B | $1.7B | ||
| Q1 24 | $5.3B | $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 | $80.0M | $28.8M |
| Free Cash FlowOCF − Capex | $71.8M | $-78.6M |
| FCF MarginFCF / Revenue | 115.8% | -85.8% |
| Capex IntensityCapex / Revenue | 13.3% | 117.2% |
| Cash ConversionOCF / Net Profit | 4.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | $132.1M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $28.8M | ||
| Q3 25 | $26.3M | $30.7M | ||
| Q2 25 | $29.0M | $20.9M | ||
| Q1 25 | $11.5M | $20.5M | ||
| Q4 24 | $51.4M | $20.6M | ||
| Q3 24 | $16.9M | $24.3M | ||
| Q2 24 | $18.0M | $2.5M | ||
| Q1 24 | $12.4M | $15.2M |
| Q4 25 | $71.8M | $-78.6M | ||
| Q3 25 | $24.3M | $-51.4M | ||
| Q2 25 | $27.2M | $-65.3M | ||
| Q1 25 | $8.8M | $-62.7M | ||
| Q4 24 | $44.5M | $-72.0M | ||
| Q3 24 | $16.8M | $-51.3M | ||
| Q2 24 | $17.7M | $-78.3M | ||
| Q1 24 | $12.1M | $-54.9M |
| Q4 25 | 115.8% | -85.8% | ||
| Q3 25 | 39.4% | -57.2% | ||
| Q2 25 | 50.1% | -73.7% | ||
| Q1 25 | 18.4% | -71.3% | ||
| Q4 24 | 93.8% | -84.3% | ||
| Q3 24 | 37.1% | -58.5% | ||
| Q2 24 | 40.2% | -91.3% | ||
| Q1 24 | 28.5% | -79.3% |
| Q4 25 | 13.3% | 117.2% | ||
| Q3 25 | 3.1% | 91.4% | ||
| Q2 25 | 3.2% | 97.3% | ||
| Q1 25 | 5.7% | 94.7% | ||
| Q4 24 | 14.6% | 108.4% | ||
| Q3 24 | 0.0% | 86.2% | ||
| Q2 24 | 0.7% | 94.2% | ||
| Q1 24 | 0.8% | 101.2% |
| Q4 25 | 4.12× | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 6.08× | — | ||
| Q1 25 | 0.84× | — | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 1.02× | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPB
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% |
