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Side-by-side financial comparison of READING INTERNATIONAL INC (RDI) 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 $50.3M, roughly 1.8× READING INTERNATIONAL INC). READING INTERNATIONAL INC runs the higher net margin — -5.1% vs -5.9%, a 0.8% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -14.2%). READING INTERNATIONAL INC produced more free cash flow last quarter ($4.1M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 5.6%).
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
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.
RDI vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.3M | $91.6M |
| Net Profit | $-2.6M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | -1.0% |
| Net Margin | -5.1% | -5.9% |
| Revenue YoY | -14.2% | 7.2% |
| Net Profit YoY | -14.5% | -95.8% |
| EPS (diluted) | $-0.11 | $-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 | $50.3M | $91.6M | ||
| Q3 25 | $52.2M | $89.8M | ||
| Q2 25 | $60.4M | $88.6M | ||
| Q1 25 | $40.2M | $87.9M | ||
| Q4 24 | $58.6M | $85.4M | ||
| Q3 24 | $60.1M | $87.6M | ||
| Q2 24 | $46.8M | $85.8M | ||
| Q1 24 | $45.1M | $69.2M |
| Q4 25 | $-2.6M | $-5.4M | ||
| Q3 25 | $-4.2M | $-9.4M | ||
| Q2 25 | $-2.7M | $-9.0M | ||
| Q1 25 | $-4.8M | $-9.1M | ||
| Q4 24 | $-2.2M | $-2.7M | ||
| Q3 24 | $-7.0M | $-5.3M | ||
| Q2 24 | $-12.8M | $-12.9M | ||
| Q1 24 | $-13.2M | $214.7M |
| Q4 25 | -1.9% | -1.0% | ||
| Q3 25 | -0.6% | -8.0% | ||
| Q2 25 | 4.8% | -10.3% | ||
| Q1 25 | -17.2% | -6.9% | ||
| Q4 24 | 2.6% | -6.7% | ||
| Q3 24 | -0.6% | -4.8% | ||
| Q2 24 | -16.4% | -18.5% | ||
| Q1 24 | -16.7% | -4.0% |
| Q4 25 | -5.1% | -5.9% | ||
| Q3 25 | -8.0% | -10.5% | ||
| Q2 25 | -4.4% | -10.2% | ||
| Q1 25 | -11.8% | -10.4% | ||
| Q4 24 | -3.8% | -3.2% | ||
| Q3 24 | -11.7% | -6.0% | ||
| Q2 24 | -27.4% | -15.0% | ||
| Q1 24 | -29.4% | 310.0% |
| Q4 25 | $-0.11 | $-0.13 | ||
| Q3 25 | $-0.18 | $-0.20 | ||
| Q2 25 | $-0.12 | $-0.19 | ||
| Q1 25 | $-0.21 | $-0.19 | ||
| Q4 24 | $-0.11 | $-0.34 | ||
| Q3 24 | $-0.31 | $-0.13 | ||
| Q2 24 | $-0.57 | $-0.24 | ||
| Q1 24 | $-0.59 | $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 | $10.5M | $27.3M |
| Total DebtLower is stronger | $185.1M | $642.4M |
| Stockholders' EquityBook value | $-18.2M | $880.8M |
| Total Assets | $434.9M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $27.3M | ||
| Q3 25 | $8.1M | $22.6M | ||
| Q2 25 | $9.1M | $29.1M | ||
| Q1 25 | $5.9M | $87.5M | ||
| Q4 24 | $12.4M | $46.3M | ||
| Q3 24 | $10.1M | $43.1M | ||
| Q2 24 | $9.3M | $43.8M | ||
| Q1 24 | $7.5M | $389.7M |
| Q4 25 | $185.1M | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | $202.7M | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $-18.2M | $880.8M | ||
| Q3 25 | $-12.1M | $892.7M | ||
| Q2 25 | $-7.7M | $902.0M | ||
| Q1 25 | $-8.1M | $910.5M | ||
| Q4 24 | $-4.4M | $918.6M | ||
| Q3 24 | $1.6M | $925.4M | ||
| Q2 24 | $6.5M | $933.1M | ||
| Q1 24 | $18.0M | $871.6M |
| Q4 25 | $434.9M | $1.9B | ||
| Q3 25 | $435.2M | $1.9B | ||
| Q2 25 | $438.1M | $1.8B | ||
| Q1 25 | $441.0M | $1.8B | ||
| Q4 24 | $471.0M | $1.7B | ||
| Q3 24 | $495.7M | $1.7B | ||
| Q2 24 | $494.9M | $1.7B | ||
| Q1 24 | $494.9M | $1.4B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.3M | $28.8M |
| Free Cash FlowOCF − Capex | $4.1M | $-78.6M |
| FCF MarginFCF / Revenue | 8.2% | -85.8% |
| Capex IntensityCapex / Revenue | 0.3% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.9M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $28.8M | ||
| Q3 25 | $295.0K | $30.7M | ||
| Q2 25 | $1.6M | $20.9M | ||
| Q1 25 | $-7.7M | $20.5M | ||
| Q4 24 | $8.0M | $20.6M | ||
| Q3 24 | $1.3M | $24.3M | ||
| Q2 24 | $-10.4M | $2.5M | ||
| Q1 24 | $-2.8M | $15.2M |
| Q4 25 | $4.1M | $-78.6M | ||
| Q3 25 | $-246.0K | $-51.4M | ||
| Q2 25 | $1.2M | $-65.3M | ||
| Q1 25 | $-8.0M | $-62.7M | ||
| Q4 24 | $7.0M | $-72.0M | ||
| Q3 24 | $-1.1M | $-51.3M | ||
| Q2 24 | $-10.6M | $-78.3M | ||
| Q1 24 | $-4.7M | $-54.9M |
| Q4 25 | 8.2% | -85.8% | ||
| Q3 25 | -0.5% | -57.2% | ||
| Q2 25 | 1.9% | -73.7% | ||
| Q1 25 | -19.8% | -71.3% | ||
| Q4 24 | 12.0% | -84.3% | ||
| Q3 24 | -1.8% | -58.5% | ||
| Q2 24 | -22.7% | -91.3% | ||
| Q1 24 | -10.4% | -79.3% |
| Q4 25 | 0.3% | 117.2% | ||
| Q3 25 | 1.0% | 91.4% | ||
| Q2 25 | 0.6% | 97.3% | ||
| Q1 25 | 0.6% | 94.7% | ||
| Q4 24 | 1.7% | 108.4% | ||
| Q3 24 | 4.0% | 86.2% | ||
| Q2 24 | 0.5% | 94.2% | ||
| Q1 24 | 4.3% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
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% |
