vs
Side-by-side financial comparison of PAMT CORP (PAMT) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $91.6M, roughly 1.5× SHENANDOAH TELECOMMUNICATIONS CO). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -20.7%, a 14.8% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -15.1%). PAMT CORP produced more free cash flow last quarter ($-25.0M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -12.0%).
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.
PAMT vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $91.6M |
| Net Profit | $-29.3M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | -27.0% | -1.0% |
| Net Margin | -20.7% | -5.9% |
| Revenue YoY | -15.1% | 7.2% |
| Net Profit YoY | 7.4% | -95.8% |
| EPS (diluted) | $-1.38 | $-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 | $141.3M | $91.6M | ||
| Q3 25 | $150.3M | $89.8M | ||
| Q2 25 | $151.1M | $88.6M | ||
| Q1 25 | $155.3M | $87.9M | ||
| Q4 24 | $166.5M | $85.4M | ||
| Q3 24 | $182.6M | $87.6M | ||
| Q2 24 | $182.9M | $85.8M | ||
| Q1 24 | $182.6M | $69.2M |
| Q4 25 | $-29.3M | $-5.4M | ||
| Q3 25 | $-5.6M | $-9.4M | ||
| Q2 25 | $-9.6M | $-9.0M | ||
| Q1 25 | $-8.1M | $-9.1M | ||
| Q4 24 | $-31.6M | $-2.7M | ||
| Q3 24 | $2.4M | $-5.3M | ||
| Q2 24 | $-2.9M | $-12.9M | ||
| Q1 24 | $281.0K | $214.7M |
| Q4 25 | -27.0% | -1.0% | ||
| Q3 25 | -3.8% | -8.0% | ||
| Q2 25 | -7.3% | -10.3% | ||
| Q1 25 | -5.9% | -6.9% | ||
| Q4 24 | -22.6% | -6.7% | ||
| Q3 24 | 1.3% | -4.8% | ||
| Q2 24 | -0.4% | -18.5% | ||
| Q1 24 | -0.4% | -4.0% |
| Q4 25 | -20.7% | -5.9% | ||
| Q3 25 | -3.7% | -10.5% | ||
| Q2 25 | -6.4% | -10.2% | ||
| Q1 25 | -5.2% | -10.4% | ||
| Q4 24 | -19.0% | -3.2% | ||
| Q3 24 | 1.3% | -6.0% | ||
| Q2 24 | -1.6% | -15.0% | ||
| Q1 24 | 0.2% | 310.0% |
| Q4 25 | $-1.38 | $-0.13 | ||
| Q3 25 | $-0.27 | $-0.20 | ||
| Q2 25 | $-0.46 | $-0.19 | ||
| Q1 25 | $-0.37 | $-0.19 | ||
| Q4 24 | $-1.44 | $-0.34 | ||
| Q3 24 | $0.11 | $-0.13 | ||
| Q2 24 | $-0.13 | $-0.24 | ||
| Q1 24 | $0.01 | $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 | $83.7M | $27.3M |
| Total DebtLower is stronger | $333.9M | $642.4M |
| Stockholders' EquityBook value | $210.5M | $880.8M |
| Total Assets | $697.9M | $1.9B |
| Debt / EquityLower = less leverage | 1.59× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.7M | $27.3M | ||
| Q3 25 | $115.6M | $22.6M | ||
| Q2 25 | $117.3M | $29.1M | ||
| Q1 25 | $102.7M | $87.5M | ||
| Q4 24 | $110.7M | $46.3M | ||
| Q3 24 | $92.3M | $43.1M | ||
| Q2 24 | $114.0M | $43.8M | ||
| Q1 24 | $125.8M | $389.7M |
| Q4 25 | $333.9M | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | $325.6M | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $210.5M | $880.8M | ||
| Q3 25 | $239.5M | $892.7M | ||
| Q2 25 | $244.9M | $902.0M | ||
| Q1 25 | $269.6M | $910.5M | ||
| Q4 24 | $277.5M | $918.6M | ||
| Q3 24 | $308.9M | $925.4M | ||
| Q2 24 | $306.7M | $933.1M | ||
| Q1 24 | $314.6M | $871.6M |
| Q4 25 | $697.9M | $1.9B | ||
| Q3 25 | $715.2M | $1.9B | ||
| Q2 25 | $707.9M | $1.8B | ||
| Q1 25 | $712.6M | $1.8B | ||
| Q4 24 | $741.7M | $1.7B | ||
| Q3 24 | $756.7M | $1.7B | ||
| Q2 24 | $733.5M | $1.7B | ||
| Q1 24 | $746.4M | $1.4B |
| Q4 25 | 1.59× | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | 1.17× | 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 | $-5.8M | $28.8M |
| Free Cash FlowOCF − Capex | $-25.0M | $-78.6M |
| FCF MarginFCF / Revenue | -17.7% | -85.8% |
| Capex IntensityCapex / Revenue | 13.6% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.4M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $28.8M | ||
| Q3 25 | $5.9M | $30.7M | ||
| Q2 25 | $12.2M | $20.9M | ||
| Q1 25 | $5.0M | $20.5M | ||
| Q4 24 | $15.2M | $20.6M | ||
| Q3 24 | $15.5M | $24.3M | ||
| Q2 24 | $18.7M | $2.5M | ||
| Q1 24 | $9.6M | $15.2M |
| Q4 25 | $-25.0M | $-78.6M | ||
| Q3 25 | $2.5M | $-51.4M | ||
| Q2 25 | $5.9M | $-65.3M | ||
| Q1 25 | $-6.8M | $-62.7M | ||
| Q4 24 | $-39.9M | $-72.0M | ||
| Q3 24 | $-33.6M | $-51.3M | ||
| Q2 24 | $4.1M | $-78.3M | ||
| Q1 24 | $-12.2M | $-54.9M |
| Q4 25 | -17.7% | -85.8% | ||
| Q3 25 | 1.7% | -57.2% | ||
| Q2 25 | 3.9% | -73.7% | ||
| Q1 25 | -4.4% | -71.3% | ||
| Q4 24 | -24.0% | -84.3% | ||
| Q3 24 | -18.4% | -58.5% | ||
| Q2 24 | 2.2% | -91.3% | ||
| Q1 24 | -6.7% | -79.3% |
| Q4 25 | 13.6% | 117.2% | ||
| Q3 25 | 2.3% | 91.4% | ||
| Q2 25 | 4.2% | 97.3% | ||
| Q1 25 | 7.6% | 94.7% | ||
| Q4 24 | 33.1% | 108.4% | ||
| Q3 24 | 26.9% | 86.2% | ||
| Q2 24 | 8.0% | 94.2% | ||
| Q1 24 | 12.0% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.44× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 34.11× | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
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% |
