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Side-by-side financial comparison of PagerDuty, Inc. (PD) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $91.6M, roughly 1.4× SHENANDOAH TELECOMMUNICATIONS CO). PagerDuty, Inc. runs the higher net margin — 129.7% vs -5.9%, a 135.6% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs 4.7%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 5.9%).
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
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.
PD vs SHEN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $124.5M | $91.6M |
| Net Profit | $161.6M | $-5.4M |
| Gross Margin | 85.3% | — |
| Operating Margin | 6.5% | -1.0% |
| Net Margin | 129.7% | -5.9% |
| Revenue YoY | 4.7% | 7.2% |
| Net Profit YoY | 2827.7% | -95.8% |
| EPS (diluted) | $1.69 | $-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 | $124.5M | $91.6M | ||
| Q3 25 | $123.4M | $89.8M | ||
| Q2 25 | $119.8M | $88.6M | ||
| Q1 25 | $121.4M | $87.9M | ||
| Q4 24 | $118.9M | $85.4M | ||
| Q3 24 | $115.9M | $87.6M | ||
| Q2 24 | $111.2M | $85.8M | ||
| Q1 24 | $111.1M | $69.2M |
| Q4 25 | $161.6M | $-5.4M | ||
| Q3 25 | $9.6M | $-9.4M | ||
| Q2 25 | $-7.2M | $-9.0M | ||
| Q1 25 | $-8.8M | $-9.1M | ||
| Q4 24 | $-5.9M | $-2.7M | ||
| Q3 24 | $-10.9M | $-5.3M | ||
| Q2 24 | $-17.1M | $-12.9M | ||
| Q1 24 | $-28.2M | $214.7M |
| Q4 25 | 85.3% | — | ||
| Q3 25 | 84.6% | — | ||
| Q2 25 | 84.0% | — | ||
| Q1 25 | 83.6% | — | ||
| Q4 24 | 83.0% | — | ||
| Q3 24 | 82.7% | — | ||
| Q2 24 | 82.6% | — | ||
| Q1 24 | 81.7% | — |
| Q4 25 | 6.5% | -1.0% | ||
| Q3 25 | 2.9% | -8.0% | ||
| Q2 25 | -8.6% | -10.3% | ||
| Q1 25 | -9.6% | -6.9% | ||
| Q4 24 | -8.7% | -6.7% | ||
| Q3 24 | -13.8% | -4.8% | ||
| Q2 24 | -19.5% | -18.5% | ||
| Q1 24 | -30.1% | -4.0% |
| Q4 25 | 129.7% | -5.9% | ||
| Q3 25 | 7.8% | -10.5% | ||
| Q2 25 | -6.0% | -10.2% | ||
| Q1 25 | -7.2% | -10.4% | ||
| Q4 24 | -5.0% | -3.2% | ||
| Q3 24 | -9.4% | -6.0% | ||
| Q2 24 | -15.4% | -15.0% | ||
| Q1 24 | -25.3% | 310.0% |
| Q4 25 | $1.69 | $-0.13 | ||
| Q3 25 | $0.10 | $-0.20 | ||
| Q2 25 | $-0.07 | $-0.19 | ||
| Q1 25 | $-0.12 | $-0.19 | ||
| Q4 24 | $-0.07 | $-0.34 | ||
| Q3 24 | $-0.14 | $-0.13 | ||
| Q2 24 | $-0.26 | $-0.24 | ||
| Q1 24 | $-0.34 | $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 | $547.8M | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $320.5M | $880.8M |
| Total Assets | $1.0B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $547.8M | $27.3M | ||
| Q3 25 | $567.9M | $22.6M | ||
| Q2 25 | $597.1M | $29.1M | ||
| Q1 25 | $570.8M | $87.5M | ||
| Q4 24 | $542.2M | $46.3M | ||
| Q3 24 | $599.3M | $43.1M | ||
| Q2 24 | $592.8M | $43.8M | ||
| Q1 24 | $571.2M | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | $484.5M | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | $489.5M | $298.7M |
| Q4 25 | $320.5M | $880.8M | ||
| Q3 25 | $180.7M | $892.7M | ||
| Q2 25 | $145.7M | $902.0M | ||
| Q1 25 | $129.8M | $910.5M | ||
| Q4 24 | $111.6M | $918.6M | ||
| Q3 24 | $164.7M | $925.4M | ||
| Q2 24 | $174.0M | $933.1M | ||
| Q1 24 | $171.6M | $871.6M |
| Q4 25 | $1.0B | $1.9B | ||
| Q3 25 | $891.5M | $1.9B | ||
| Q2 25 | $926.8M | $1.8B | ||
| Q1 25 | $927.3M | $1.8B | ||
| Q4 24 | $866.8M | $1.7B | ||
| Q3 24 | $916.0M | $1.7B | ||
| Q2 24 | $924.0M | $1.7B | ||
| Q1 24 | $925.3M | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | 3.73× | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | 2.85× | 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 | $24.8M | $28.8M |
| Free Cash FlowOCF − Capex | $24.1M | $-78.6M |
| FCF MarginFCF / Revenue | 19.3% | -85.8% |
| Capex IntensityCapex / Revenue | 0.6% | 117.2% |
| Cash ConversionOCF / Net Profit | 0.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $117.6M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $28.8M | ||
| Q3 25 | $34.0M | $30.7M | ||
| Q2 25 | $30.7M | $20.9M | ||
| Q1 25 | $31.4M | $20.5M | ||
| Q4 24 | $22.1M | $20.6M | ||
| Q3 24 | $35.8M | $24.3M | ||
| Q2 24 | $28.6M | $2.5M | ||
| Q1 24 | $22.2M | $15.2M |
| Q4 25 | $24.1M | $-78.6M | ||
| Q3 25 | $33.1M | $-51.4M | ||
| Q2 25 | $30.2M | $-65.3M | ||
| Q1 25 | $30.3M | $-62.7M | ||
| Q4 24 | $21.5M | $-72.0M | ||
| Q3 24 | $35.1M | $-51.3M | ||
| Q2 24 | $28.2M | $-78.3M | ||
| Q1 24 | $21.2M | $-54.9M |
| Q4 25 | 19.3% | -85.8% | ||
| Q3 25 | 26.8% | -57.2% | ||
| Q2 25 | 25.2% | -73.7% | ||
| Q1 25 | 24.9% | -71.3% | ||
| Q4 24 | 18.1% | -84.3% | ||
| Q3 24 | 30.3% | -58.5% | ||
| Q2 24 | 25.4% | -91.3% | ||
| Q1 24 | 19.1% | -79.3% |
| Q4 25 | 0.6% | 117.2% | ||
| Q3 25 | 0.7% | 91.4% | ||
| Q2 25 | 0.4% | 97.3% | ||
| Q1 25 | 0.9% | 94.7% | ||
| Q4 24 | 0.5% | 108.4% | ||
| Q3 24 | 0.5% | 86.2% | ||
| Q2 24 | 0.4% | 94.2% | ||
| Q1 24 | 0.9% | 101.2% |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 3.55× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
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% |
