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Side-by-side financial comparison of RING ENERGY, INC. (REI) 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 $66.9M, roughly 1.4× RING ENERGY, INC.). On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -19.8%). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -15.9%).

Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.

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.

REI vs SHEN — Head-to-Head

Bigger by revenue
SHEN
SHEN
1.4× larger
SHEN
$91.6M
$66.9M
REI
Growing faster (revenue YoY)
SHEN
SHEN
+27.1% gap
SHEN
7.2%
-19.8%
REI
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
-15.9%
REI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REI
REI
SHEN
SHEN
Revenue
$66.9M
$91.6M
Net Profit
$-5.4M
Gross Margin
Operating Margin
-37.6%
-1.0%
Net Margin
-5.9%
Revenue YoY
-19.8%
7.2%
Net Profit YoY
-95.8%
EPS (diluted)
$-0.07
$-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
REI
REI
SHEN
SHEN
Q4 25
$66.9M
$91.6M
Q3 25
$78.6M
$89.8M
Q2 25
$82.6M
$88.6M
Q1 25
$79.1M
$87.9M
Q4 24
$83.4M
$85.4M
Q3 24
$89.2M
$87.6M
Q2 24
$99.1M
$85.8M
Q1 24
$94.5M
$69.2M
Net Profit
REI
REI
SHEN
SHEN
Q4 25
$-5.4M
Q3 25
$-51.6M
$-9.4M
Q2 25
$20.6M
$-9.0M
Q1 25
$9.1M
$-9.1M
Q4 24
$-2.7M
Q3 24
$33.9M
$-5.3M
Q2 24
$22.4M
$-12.9M
Q1 24
$5.5M
$214.7M
Operating Margin
REI
REI
SHEN
SHEN
Q4 25
-37.6%
-1.0%
Q3 25
-70.0%
-8.0%
Q2 25
28.4%
-10.3%
Q1 25
28.3%
-6.9%
Q4 24
28.3%
-6.7%
Q3 24
33.4%
-4.8%
Q2 24
42.2%
-18.5%
Q1 24
39.8%
-4.0%
Net Margin
REI
REI
SHEN
SHEN
Q4 25
-5.9%
Q3 25
-65.7%
-10.5%
Q2 25
25.0%
-10.2%
Q1 25
11.5%
-10.4%
Q4 24
-3.2%
Q3 24
38.0%
-6.0%
Q2 24
22.6%
-15.0%
Q1 24
5.8%
310.0%
EPS (diluted)
REI
REI
SHEN
SHEN
Q4 25
$-0.07
$-0.13
Q3 25
$-0.25
$-0.20
Q2 25
$0.10
$-0.19
Q1 25
$0.05
$-0.19
Q4 24
$0.03
$-0.34
Q3 24
$0.17
$-0.13
Q2 24
$0.11
$-0.24
Q1 24
$0.03
$4.25

Balance Sheet & Financial Strength

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

Metric
REI
REI
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$902.9K
$27.3M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$836.3M
$880.8M
Total Assets
$1.4B
$1.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REI
REI
SHEN
SHEN
Q4 25
$902.9K
$27.3M
Q3 25
$286.9K
$22.6M
Q2 25
$29.1M
Q1 25
$1.1M
$87.5M
Q4 24
$1.9M
$46.3M
Q3 24
$43.1M
Q2 24
$1.2M
$43.8M
Q1 24
$1.4M
$389.7M
Total Debt
REI
REI
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
REI
REI
SHEN
SHEN
Q4 25
$836.3M
$880.8M
Q3 25
$847.7M
$892.7M
Q2 25
$897.9M
$902.0M
Q1 25
$876.0M
$910.5M
Q4 24
$858.6M
$918.6M
Q3 24
$851.3M
$925.4M
Q2 24
$817.4M
$933.1M
Q1 24
$793.0M
$871.6M
Total Assets
REI
REI
SHEN
SHEN
Q4 25
$1.4B
$1.9B
Q3 25
$1.4B
$1.9B
Q2 25
$1.5B
$1.8B
Q1 25
$1.5B
$1.8B
Q4 24
$1.4B
$1.7B
Q3 24
$1.4B
$1.7B
Q2 24
$1.4B
$1.7B
Q1 24
$1.4B
$1.4B
Debt / Equity
REI
REI
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
REI
REI
SHEN
SHEN
Operating Cash FlowLast quarter
$44.7M
$28.8M
Free Cash FlowOCF − Capex
$-78.6M
FCF MarginFCF / Revenue
-85.8%
Capex IntensityCapex / Revenue
117.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REI
REI
SHEN
SHEN
Q4 25
$44.7M
$28.8M
Q3 25
$44.5M
$30.7M
Q2 25
$33.3M
$20.9M
Q1 25
$28.4M
$20.5M
Q4 24
$47.3M
$20.6M
Q3 24
$51.3M
$24.3M
Q2 24
$50.6M
$2.5M
Q1 24
$45.2M
$15.2M
Free Cash Flow
REI
REI
SHEN
SHEN
Q4 25
$-78.6M
Q3 25
$-51.4M
Q2 25
$-65.3M
Q1 25
$-62.7M
Q4 24
$-72.0M
Q3 24
$-51.3M
Q2 24
$-78.3M
Q1 24
$-54.9M
FCF Margin
REI
REI
SHEN
SHEN
Q4 25
-85.8%
Q3 25
-57.2%
Q2 25
-73.7%
Q1 25
-71.3%
Q4 24
-84.3%
Q3 24
-58.5%
Q2 24
-91.3%
Q1 24
-79.3%
Capex Intensity
REI
REI
SHEN
SHEN
Q4 25
117.2%
Q3 25
91.4%
Q2 25
97.3%
Q1 25
94.7%
Q4 24
108.4%
Q3 24
86.2%
Q2 24
94.2%
Q1 24
101.2%
Cash Conversion
REI
REI
SHEN
SHEN
Q4 25
Q3 25
Q2 25
1.61×
Q1 25
3.11×
Q4 24
Q3 24
1.52×
Q2 24
2.26×
Q1 24
8.19×
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

REI
REI

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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