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Side-by-side financial comparison of NPK International Inc. (NPKI) 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 $75.2M, roughly 1.2× NPK International Inc.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 7.2%). NPK International Inc. produced more free cash flow last quarter ($5.8M vs $-78.6M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs 15.0%).
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.
NPKI vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.2M | $91.6M |
| Net Profit | — | $-5.4M |
| Gross Margin | 37.7% | — |
| Operating Margin | 16.7% | -1.0% |
| Net Margin | — | -5.9% |
| Revenue YoY | 30.7% | 7.2% |
| Net Profit YoY | — | -95.8% |
| EPS (diluted) | $0.17 | $-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.
| Q4 25 | $75.2M | $91.6M | ||
| Q3 25 | $68.8M | $89.8M | ||
| Q2 25 | $68.2M | $88.6M | ||
| Q1 25 | $64.8M | $87.9M | ||
| Q4 24 | $57.5M | $85.4M | ||
| Q3 24 | $44.2M | $87.6M | ||
| Q2 24 | $66.8M | $85.8M | ||
| Q1 24 | $49.0M | $69.2M |
| Q4 25 | — | $-5.4M | ||
| Q3 25 | $5.7M | $-9.4M | ||
| Q2 25 | $8.7M | $-9.0M | ||
| Q1 25 | $10.0M | $-9.1M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $-174.3M | $-5.3M | ||
| Q2 24 | $8.0M | $-12.9M | ||
| Q1 24 | $7.3M | $214.7M |
| Q4 25 | 37.7% | — | ||
| Q3 25 | 31.9% | — | ||
| Q2 25 | 36.9% | — | ||
| Q1 25 | 39.0% | — | ||
| Q4 24 | 39.2% | — | ||
| Q3 24 | 27.5% | — | ||
| Q2 24 | 37.2% | — | ||
| Q1 24 | 36.0% | — |
| Q4 25 | 16.7% | -1.0% | ||
| Q3 25 | 13.2% | -8.0% | ||
| Q2 25 | 17.0% | -10.3% | ||
| Q1 25 | 20.9% | -6.9% | ||
| Q4 24 | 20.2% | -6.7% | ||
| Q3 24 | 2.8% | -4.8% | ||
| Q2 24 | 18.7% | -18.5% | ||
| Q1 24 | 14.2% | -4.0% |
| Q4 25 | — | -5.9% | ||
| Q3 25 | 8.2% | -10.5% | ||
| Q2 25 | 12.7% | -10.2% | ||
| Q1 25 | 15.4% | -10.4% | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | -394.3% | -6.0% | ||
| Q2 24 | 12.0% | -15.0% | ||
| Q1 24 | 14.9% | 310.0% |
| Q4 25 | $0.17 | $-0.13 | ||
| Q3 25 | $0.07 | $-0.20 | ||
| Q2 25 | $0.10 | $-0.19 | ||
| Q1 25 | $0.11 | $-0.19 | ||
| Q4 24 | $0.10 | $-0.34 | ||
| Q3 24 | $-1.99 | $-0.13 | ||
| Q2 24 | $0.09 | $-0.24 | ||
| Q1 24 | $0.08 | $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 | $5.1M | $27.3M |
| Total DebtLower is stronger | $16.9M | $642.4M |
| Stockholders' EquityBook value | $351.2M | $880.8M |
| Total Assets | $441.8M | $1.9B |
| Debt / EquityLower = less leverage | 0.05× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | $27.3M | ||
| Q3 25 | $35.6M | $22.6M | ||
| Q2 25 | $26.0M | $29.1M | ||
| Q1 25 | $20.8M | $87.5M | ||
| Q4 24 | $17.8M | $46.3M | ||
| Q3 24 | $42.9M | $43.1M | ||
| Q2 24 | $35.1M | $43.8M | ||
| Q1 24 | $37.7M | $389.7M |
| Q4 25 | $16.9M | $642.4M | ||
| Q3 25 | $9.5M | $535.4M | ||
| Q2 25 | $9.3M | $513.1M | ||
| Q1 25 | $8.1M | $515.8M | ||
| Q4 24 | $7.7M | $418.0M | ||
| Q3 24 | $14.0M | $345.2M | ||
| Q2 24 | $58.0M | $297.4M | ||
| Q1 24 | $77.4M | $298.7M |
| Q4 25 | $351.2M | $880.8M | ||
| Q3 25 | $333.9M | $892.7M | ||
| Q2 25 | $328.8M | $902.0M | ||
| Q1 25 | $326.9M | $910.5M | ||
| Q4 24 | $326.5M | $918.6M | ||
| Q3 24 | $316.5M | $925.4M | ||
| Q2 24 | $426.6M | $933.1M | ||
| Q1 24 | $421.6M | $871.6M |
| Q4 25 | $441.8M | $1.9B | ||
| Q3 25 | $404.5M | $1.9B | ||
| Q2 25 | $393.7M | $1.8B | ||
| Q1 25 | $390.0M | $1.8B | ||
| Q4 24 | $393.7M | $1.7B | ||
| Q3 24 | $389.6M | $1.7B | ||
| Q2 24 | $624.8M | $1.7B | ||
| Q1 24 | $640.8M | $1.4B |
| Q4 25 | 0.05× | 0.73× | ||
| Q3 25 | 0.03× | 0.60× | ||
| Q2 25 | 0.03× | 0.57× | ||
| Q1 25 | 0.02× | 0.57× | ||
| Q4 24 | 0.02× | 0.46× | ||
| Q3 24 | 0.04× | 0.37× | ||
| Q2 24 | 0.14× | 0.32× | ||
| Q1 24 | 0.18× | 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 | $18.0M | $28.8M |
| Free Cash FlowOCF − Capex | $5.8M | $-78.6M |
| FCF MarginFCF / Revenue | 7.6% | -85.8% |
| Capex IntensityCapex / Revenue | 16.3% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.3M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.0M | $28.8M | ||
| Q3 25 | $24.7M | $30.7M | ||
| Q2 25 | $21.4M | $20.9M | ||
| Q1 25 | $8.8M | $20.5M | ||
| Q4 24 | $-4.1M | $20.6M | ||
| Q3 24 | $2.8M | $24.3M | ||
| Q2 24 | $27.6M | $2.5M | ||
| Q1 24 | $11.9M | $15.2M |
| Q4 25 | $5.8M | $-78.6M | ||
| Q3 25 | $12.0M | $-51.4M | ||
| Q2 25 | $9.7M | $-65.3M | ||
| Q1 25 | $-1.2M | $-62.7M | ||
| Q4 24 | $-17.7M | $-72.0M | ||
| Q3 24 | $-6.7M | $-51.3M | ||
| Q2 24 | $21.0M | $-78.3M | ||
| Q1 24 | $-1.9M | $-54.9M |
| Q4 25 | 7.6% | -85.8% | ||
| Q3 25 | 17.4% | -57.2% | ||
| Q2 25 | 14.3% | -73.7% | ||
| Q1 25 | -1.8% | -71.3% | ||
| Q4 24 | -30.8% | -84.3% | ||
| Q3 24 | -15.2% | -58.5% | ||
| Q2 24 | 31.4% | -91.3% | ||
| Q1 24 | -3.9% | -79.3% |
| Q4 25 | 16.3% | 117.2% | ||
| Q3 25 | 18.5% | 91.4% | ||
| Q2 25 | 17.1% | 97.3% | ||
| Q1 25 | 15.5% | 94.7% | ||
| Q4 24 | 23.6% | 108.4% | ||
| Q3 24 | 21.4% | 86.2% | ||
| Q2 24 | 9.9% | 94.2% | ||
| Q1 24 | 28.3% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | 4.37× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.43× | — | ||
| Q1 24 | 1.64× | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
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% |
