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Side-by-side financial comparison of NACCO INDUSTRIES INC (NC) 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 $62.8M, roughly 1.5× NACCO INDUSTRIES INC). NACCO INDUSTRIES INC runs the higher net margin — 14.1% vs -5.9%, a 19.9% 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, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 9.5%).
NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...
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.
NC vs SHEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.8M | $91.6M |
| Net Profit | $8.8M | $-5.4M |
| Gross Margin | 22.8% | — |
| Operating Margin | 17.5% | -1.0% |
| Net Margin | 14.1% | -5.9% |
| Revenue YoY | -4.3% | 7.2% |
| Net Profit YoY | 80.0% | -95.8% |
| EPS (diluted) | $1.17 | $-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 | $62.8M | — | ||
| Q4 25 | $66.8M | $91.6M | ||
| Q3 25 | $76.6M | $89.8M | ||
| Q2 25 | $68.2M | $88.6M | ||
| Q1 25 | $65.6M | $87.9M | ||
| Q4 24 | $70.4M | $85.4M | ||
| Q3 24 | $61.7M | $87.6M | ||
| Q2 24 | $52.3M | $85.8M |
| Q1 26 | $8.8M | — | ||
| Q4 25 | $-3.8M | $-5.4M | ||
| Q3 25 | $13.3M | $-9.4M | ||
| Q2 25 | $3.3M | $-9.0M | ||
| Q1 25 | $4.9M | $-9.1M | ||
| Q4 24 | $7.6M | $-2.7M | ||
| Q3 24 | $15.6M | $-5.3M | ||
| Q2 24 | $6.0M | $-12.9M |
| Q1 26 | 22.8% | — | ||
| Q4 25 | 18.0% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | 14.7% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 13.4% | — |
| Q1 26 | 17.5% | — | ||
| Q4 25 | 11.3% | -1.0% | ||
| Q3 25 | 8.8% | -8.0% | ||
| Q2 25 | -0.1% | -10.3% | ||
| Q1 25 | 11.7% | -6.9% | ||
| Q4 24 | 5.5% | -6.7% | ||
| Q3 24 | 31.9% | -4.8% | ||
| Q2 24 | 14.1% | -18.5% |
| Q1 26 | 14.1% | — | ||
| Q4 25 | -5.8% | -5.9% | ||
| Q3 25 | 17.3% | -10.5% | ||
| Q2 25 | 4.8% | -10.2% | ||
| Q1 25 | 7.5% | -10.4% | ||
| Q4 24 | 10.7% | -3.2% | ||
| Q3 24 | 25.4% | -6.0% | ||
| Q2 24 | 11.4% | -15.0% |
| Q1 26 | $1.17 | — | ||
| Q4 25 | $-0.53 | $-0.13 | ||
| Q3 25 | $1.78 | $-0.20 | ||
| Q2 25 | $0.44 | $-0.19 | ||
| Q1 25 | $0.66 | $-0.19 | ||
| Q4 24 | $0.99 | $-0.34 | ||
| Q3 24 | $2.14 | $-0.13 | ||
| Q2 24 | $0.81 | $-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 | — | $642.4M |
| Stockholders' EquityBook value | — | $880.8M |
| Total Assets | — | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $49.7M | $27.3M | ||
| Q3 25 | $52.7M | $22.6M | ||
| Q2 25 | $49.4M | $29.1M | ||
| Q1 25 | $61.9M | $87.5M | ||
| Q4 24 | $72.8M | $46.3M | ||
| Q3 24 | $63.1M | $43.1M | ||
| Q2 24 | $62.4M | $43.8M |
| Q1 26 | — | — | ||
| Q4 25 | $100.8M | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | $99.4M | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | $29.0M | $297.4M |
| Q1 26 | — | — | ||
| Q4 25 | $429.2M | $880.8M | ||
| Q3 25 | $426.4M | $892.7M | ||
| Q2 25 | $413.1M | $902.0M | ||
| Q1 25 | $409.1M | $910.5M | ||
| Q4 24 | $404.9M | $918.6M | ||
| Q3 24 | $397.3M | $925.4M | ||
| Q2 24 | $384.1M | $933.1M |
| Q1 26 | — | — | ||
| Q4 25 | $661.2M | $1.9B | ||
| Q3 25 | $637.6M | $1.9B | ||
| Q2 25 | $631.3M | $1.8B | ||
| Q1 25 | $634.2M | $1.8B | ||
| Q4 24 | $631.7M | $1.7B | ||
| Q3 24 | $597.4M | $1.7B | ||
| Q2 24 | $560.1M | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.23× | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | 0.25× | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | 0.08× | 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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $11.4M | $28.8M | ||
| Q3 25 | $42.3M | $30.7M | ||
| Q2 25 | $-7.8M | $20.9M | ||
| Q1 25 | $5.0M | $20.5M | ||
| Q4 24 | $25.2M | $20.6M | ||
| Q3 24 | $2.8M | $24.3M | ||
| Q2 24 | $4.1M | $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 | — | — | ||
| 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 | 3.19× | — | ||
| Q2 25 | -2.39× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 3.33× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.68× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NC
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% |
