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Side-by-side financial comparison of PARK NATIONAL CORP (PRK) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $91.6M, roughly 1.8× SHENANDOAH TELECOMMUNICATIONS CO). PARK NATIONAL CORP runs the higher net margin — 25.3% vs -5.9%, a 31.2% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 4.9%).

National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

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.

PRK vs SHEN — Head-to-Head

Bigger by revenue
PRK
PRK
1.8× larger
PRK
$168.3M
$91.6M
SHEN
Growing faster (revenue YoY)
SHEN
SHEN
+5.1% gap
SHEN
7.2%
2.2%
PRK
Higher net margin
PRK
PRK
31.2% more per $
PRK
25.3%
-5.9%
SHEN
More free cash flow
PRK
PRK
$270.5M more FCF
PRK
$191.9M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
4.9%
PRK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRK
PRK
SHEN
SHEN
Revenue
$168.3M
$91.6M
Net Profit
$42.6M
$-5.4M
Gross Margin
Operating Margin
-1.0%
Net Margin
25.3%
-5.9%
Revenue YoY
2.2%
7.2%
Net Profit YoY
10.4%
-95.8%
EPS (diluted)
$2.62
$-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.

Revenue
PRK
PRK
SHEN
SHEN
Q4 25
$168.3M
$91.6M
Q3 25
$169.5M
$89.8M
Q2 25
$168.7M
$88.6M
Q1 25
$157.9M
$87.9M
Q4 24
$164.7M
$85.4M
Q3 24
$170.3M
$87.6M
Q2 24
$157.7M
$85.8M
Q1 24
$152.8M
$69.2M
Net Profit
PRK
PRK
SHEN
SHEN
Q4 25
$42.6M
$-5.4M
Q3 25
$47.2M
$-9.4M
Q2 25
$48.1M
$-9.0M
Q1 25
$42.2M
$-9.1M
Q4 24
$38.6M
$-2.7M
Q3 24
$38.2M
$-5.3M
Q2 24
$39.4M
$-12.9M
Q1 24
$35.2M
$214.7M
Operating Margin
PRK
PRK
SHEN
SHEN
Q4 25
-1.0%
Q3 25
34.3%
-8.0%
Q2 25
35.2%
-10.3%
Q1 25
32.4%
-6.9%
Q4 24
-6.7%
Q3 24
27.4%
-4.8%
Q2 24
30.6%
-18.5%
Q1 24
27.8%
-4.0%
Net Margin
PRK
PRK
SHEN
SHEN
Q4 25
25.3%
-5.9%
Q3 25
27.8%
-10.5%
Q2 25
28.5%
-10.2%
Q1 25
26.7%
-10.4%
Q4 24
23.5%
-3.2%
Q3 24
22.4%
-6.0%
Q2 24
25.0%
-15.0%
Q1 24
23.0%
310.0%
EPS (diluted)
PRK
PRK
SHEN
SHEN
Q4 25
$2.62
$-0.13
Q3 25
$2.92
$-0.20
Q2 25
$2.97
$-0.19
Q1 25
$2.60
$-0.19
Q4 24
$2.38
$-0.34
Q3 24
$2.35
$-0.13
Q2 24
$2.42
$-0.24
Q1 24
$2.17
$4.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRK
PRK
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$233.5M
$27.3M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$1.4B
$880.8M
Total Assets
$9.8B
$1.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRK
PRK
SHEN
SHEN
Q4 25
$233.5M
$27.3M
Q3 25
$218.9M
$22.6M
Q2 25
$193.1M
$29.1M
Q1 25
$237.6M
$87.5M
Q4 24
$160.6M
$46.3M
Q3 24
$201.7M
$43.1M
Q2 24
$261.5M
$43.8M
Q1 24
$306.1M
$389.7M
Total Debt
PRK
PRK
SHEN
SHEN
Q4 25
$642.4M
Q3 25
$535.4M
Q2 25
$513.1M
Q1 25
$515.8M
Q4 24
$418.0M
Q3 24
$345.2M
Q2 24
$297.4M
Q1 24
$298.7M
Stockholders' Equity
PRK
PRK
SHEN
SHEN
Q4 25
$1.4B
$880.8M
Q3 25
$1.3B
$892.7M
Q2 25
$1.3B
$902.0M
Q1 25
$1.3B
$910.5M
Q4 24
$1.2B
$918.6M
Q3 24
$1.2B
$925.4M
Q2 24
$1.2B
$933.1M
Q1 24
$1.2B
$871.6M
Total Assets
PRK
PRK
SHEN
SHEN
Q4 25
$9.8B
$1.9B
Q3 25
$9.9B
$1.9B
Q2 25
$9.9B
$1.8B
Q1 25
$9.9B
$1.8B
Q4 24
$9.8B
$1.7B
Q3 24
$9.9B
$1.7B
Q2 24
$9.9B
$1.7B
Q1 24
$9.9B
$1.4B
Debt / Equity
PRK
PRK
SHEN
SHEN
Q4 25
0.73×
Q3 25
0.60×
Q2 25
0.57×
Q1 25
0.57×
Q4 24
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
PRK
PRK
SHEN
SHEN
Operating Cash FlowLast quarter
$198.3M
$28.8M
Free Cash FlowOCF − Capex
$191.9M
$-78.6M
FCF MarginFCF / Revenue
114.1%
-85.8%
Capex IntensityCapex / Revenue
3.8%
117.2%
Cash ConversionOCF / Net Profit
4.65×
TTM Free Cash FlowTrailing 4 quarters
$328.2M
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRK
PRK
SHEN
SHEN
Q4 25
$198.3M
$28.8M
Q3 25
$52.6M
$30.7M
Q2 25
$49.7M
$20.9M
Q1 25
$37.9M
$20.5M
Q4 24
$178.8M
$20.6M
Q3 24
$43.8M
$24.3M
Q2 24
$50.9M
$2.5M
Q1 24
$35.0M
$15.2M
Free Cash Flow
PRK
PRK
SHEN
SHEN
Q4 25
$191.9M
$-78.6M
Q3 25
$51.1M
$-51.4M
Q2 25
$48.4M
$-65.3M
Q1 25
$36.8M
$-62.7M
Q4 24
$169.7M
$-72.0M
Q3 24
$41.7M
$-51.3M
Q2 24
$49.0M
$-78.3M
Q1 24
$31.9M
$-54.9M
FCF Margin
PRK
PRK
SHEN
SHEN
Q4 25
114.1%
-85.8%
Q3 25
30.1%
-57.2%
Q2 25
28.7%
-73.7%
Q1 25
23.3%
-71.3%
Q4 24
103.0%
-84.3%
Q3 24
24.5%
-58.5%
Q2 24
31.1%
-91.3%
Q1 24
20.8%
-79.3%
Capex Intensity
PRK
PRK
SHEN
SHEN
Q4 25
3.8%
117.2%
Q3 25
0.9%
91.4%
Q2 25
0.8%
97.3%
Q1 25
0.7%
94.7%
Q4 24
5.6%
108.4%
Q3 24
1.2%
86.2%
Q2 24
1.2%
94.2%
Q1 24
2.1%
101.2%
Cash Conversion
PRK
PRK
SHEN
SHEN
Q4 25
4.65×
Q3 25
1.11×
Q2 25
1.03×
Q1 25
0.90×
Q4 24
4.63×
Q3 24
1.14×
Q2 24
1.29×
Q1 24
0.99×
0.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PRK
PRK

Segment breakdown not available.

SHEN
SHEN

Residential And SMB Incumbent Broadband$41.5M45%
Residential And SMB Glo Fiber Expansion Markets$23.0M25%
Commercial Fiber$20.3M22%
RLEC Other$6.8M7%

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