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Side-by-side financial comparison of OIL STATES INTERNATIONAL, INC (OIS) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
OIL STATES INTERNATIONAL, INC is the larger business by last-quarter revenue ($178.5M vs $91.6M, roughly 1.9× SHENANDOAH TELECOMMUNICATIONS CO). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -65.7%, a 59.8% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs 7.2%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 3.3%).
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
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.
OIS vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $178.5M | $91.6M |
| Net Profit | $-117.2M | $-5.4M |
| Gross Margin | 10.9% | — |
| Operating Margin | -63.7% | -1.0% |
| Net Margin | -65.7% | -5.9% |
| Revenue YoY | 8.4% | 7.2% |
| Net Profit YoY | -873.2% | -95.8% |
| EPS (diluted) | $-1.99 | $-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 | $178.5M | $91.6M | ||
| Q3 25 | $165.2M | $89.8M | ||
| Q2 25 | $165.4M | $88.6M | ||
| Q1 25 | $159.9M | $87.9M | ||
| Q4 24 | $164.6M | $85.4M | ||
| Q3 24 | $174.3M | $87.6M | ||
| Q2 24 | $186.4M | $85.8M | ||
| Q1 24 | $167.3M | $69.2M |
| Q4 25 | $-117.2M | $-5.4M | ||
| Q3 25 | $1.9M | $-9.4M | ||
| Q2 25 | $2.8M | $-9.0M | ||
| Q1 25 | $3.2M | $-9.1M | ||
| Q4 24 | $15.2M | $-2.7M | ||
| Q3 24 | $-14.3M | $-5.3M | ||
| Q2 24 | $1.3M | $-12.9M | ||
| Q1 24 | $-13.4M | $214.7M |
| Q4 25 | 10.9% | — | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 23.3% | — | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 23.8% | — | ||
| Q1 24 | 21.1% | — |
| Q4 25 | -63.7% | -1.0% | ||
| Q3 25 | 2.9% | -8.0% | ||
| Q2 25 | 3.2% | -10.3% | ||
| Q1 25 | 3.5% | -6.9% | ||
| Q4 24 | 11.2% | -6.7% | ||
| Q3 24 | -6.3% | -4.8% | ||
| Q2 24 | 1.1% | -18.5% | ||
| Q1 24 | -6.7% | -4.0% |
| Q4 25 | -65.7% | -5.9% | ||
| Q3 25 | 1.2% | -10.5% | ||
| Q2 25 | 1.7% | -10.2% | ||
| Q1 25 | 2.0% | -10.4% | ||
| Q4 24 | 9.2% | -3.2% | ||
| Q3 24 | -8.2% | -6.0% | ||
| Q2 24 | 0.7% | -15.0% | ||
| Q1 24 | -8.0% | 310.0% |
| Q4 25 | $-1.99 | $-0.13 | ||
| Q3 25 | $0.03 | $-0.20 | ||
| Q2 25 | $0.05 | $-0.19 | ||
| Q1 25 | $0.05 | $-0.19 | ||
| Q4 24 | $0.24 | $-0.34 | ||
| Q3 24 | $-0.23 | $-0.13 | ||
| Q2 24 | $0.02 | $-0.24 | ||
| Q1 24 | $-0.21 | $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 | $69.9M | $27.3M |
| Total DebtLower is stronger | $1.7M | $642.4M |
| Stockholders' EquityBook value | $573.2M | $880.8M |
| Total Assets | $883.4M | $1.9B |
| Debt / EquityLower = less leverage | 0.00× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $69.9M | $27.3M | ||
| Q3 25 | $67.1M | $22.6M | ||
| Q2 25 | $53.9M | $29.1M | ||
| Q1 25 | $66.8M | $87.5M | ||
| Q4 24 | $65.4M | $46.3M | ||
| Q3 24 | $46.0M | $43.1M | ||
| Q2 24 | $25.2M | $43.8M | ||
| Q1 24 | $24.1M | $389.7M |
| Q4 25 | $1.7M | $642.4M | ||
| Q3 25 | $1.9M | $535.4M | ||
| Q2 25 | $1.9M | $513.1M | ||
| Q1 25 | $124.7M | $515.8M | ||
| Q4 24 | $124.7M | $418.0M | ||
| Q3 24 | $124.6M | $345.2M | ||
| Q2 24 | $124.3M | $297.4M | ||
| Q1 24 | $135.6M | $298.7M |
| Q4 25 | $573.2M | $880.8M | ||
| Q3 25 | $689.0M | $892.7M | ||
| Q2 25 | $690.6M | $902.0M | ||
| Q1 25 | $683.4M | $910.5M | ||
| Q4 24 | $680.7M | $918.6M | ||
| Q3 24 | $684.8M | $925.4M | ||
| Q2 24 | $690.4M | $933.1M | ||
| Q1 24 | $692.3M | $871.6M |
| Q4 25 | $883.4M | $1.9B | ||
| Q3 25 | $1.0B | $1.9B | ||
| Q2 25 | $993.7M | $1.8B | ||
| Q1 25 | $990.7M | $1.8B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $994.1M | $1.7B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $1.0B | $1.4B |
| Q4 25 | 0.00× | 0.73× | ||
| Q3 25 | 0.00× | 0.60× | ||
| Q2 25 | 0.00× | 0.57× | ||
| Q1 25 | 0.18× | 0.57× | ||
| Q4 24 | 0.18× | 0.46× | ||
| Q3 24 | 0.18× | 0.37× | ||
| Q2 24 | 0.18× | 0.32× | ||
| Q1 24 | 0.20× | 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 | $50.1M | $28.8M |
| Free Cash FlowOCF − Capex | $47.1M | $-78.6M |
| FCF MarginFCF / Revenue | 26.4% | -85.8% |
| Capex IntensityCapex / Revenue | 1.7% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $73.9M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.1M | $28.8M | ||
| Q3 25 | $30.7M | $30.7M | ||
| Q2 25 | $15.0M | $20.9M | ||
| Q1 25 | $9.3M | $20.5M | ||
| Q4 24 | $18.2M | $20.6M | ||
| Q3 24 | $28.8M | $24.3M | ||
| Q2 24 | $10.2M | $2.5M | ||
| Q1 24 | $-11.4M | $15.2M |
| Q4 25 | $47.1M | $-78.6M | ||
| Q3 25 | $22.0M | $-51.4M | ||
| Q2 25 | $4.7M | $-65.3M | ||
| Q1 25 | $137.0K | $-62.7M | ||
| Q4 24 | $4.0M | $-72.0M | ||
| Q3 24 | $21.4M | $-51.3M | ||
| Q2 24 | $4.5M | $-78.3M | ||
| Q1 24 | $-21.5M | $-54.9M |
| Q4 25 | 26.4% | -85.8% | ||
| Q3 25 | 13.3% | -57.2% | ||
| Q2 25 | 2.8% | -73.7% | ||
| Q1 25 | 0.1% | -71.3% | ||
| Q4 24 | 2.4% | -84.3% | ||
| Q3 24 | 12.3% | -58.5% | ||
| Q2 24 | 2.4% | -91.3% | ||
| Q1 24 | -12.8% | -79.3% |
| Q4 25 | 1.7% | 117.2% | ||
| Q3 25 | 5.3% | 91.4% | ||
| Q2 25 | 6.2% | 97.3% | ||
| Q1 25 | 5.7% | 94.7% | ||
| Q4 24 | 8.6% | 108.4% | ||
| Q3 24 | 4.3% | 86.2% | ||
| Q2 24 | 3.1% | 94.2% | ||
| Q1 24 | 6.0% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | 16.15× | — | ||
| Q2 25 | 5.33× | — | ||
| Q1 25 | 2.94× | — | ||
| Q4 24 | 1.20× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.87× | — | ||
| Q1 24 | — | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
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% |
