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Side-by-side financial comparison of SHENANDOAH TELECOMMUNICATIONS CO (SHEN) and STEM, INC. (STEM). Click either name above to swap in a different company.
SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $47.1M, roughly 1.9× STEM, INC.). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -33.9%, a 28.0% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 15.0%).
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.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
SHEN vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $91.6M | $47.1M |
| Net Profit | $-5.4M | $-16.0M |
| Gross Margin | — | 48.9% |
| Operating Margin | -1.0% | -17.7% |
| Net Margin | -5.9% | -33.9% |
| Revenue YoY | 7.2% | -15.6% |
| Net Profit YoY | -95.8% | 68.8% |
| EPS (diluted) | $-0.13 | $-4.40 |
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 | $91.6M | $47.1M | ||
| Q3 25 | $89.8M | $38.2M | ||
| Q2 25 | $88.6M | $38.4M | ||
| Q1 25 | $87.9M | $32.5M | ||
| Q4 24 | $85.4M | $55.8M | ||
| Q3 24 | $87.6M | $29.3M | ||
| Q2 24 | $85.8M | $34.0M | ||
| Q1 24 | $69.2M | $25.5M |
| Q4 25 | $-5.4M | $-16.0M | ||
| Q3 25 | $-9.4M | $-23.8M | ||
| Q2 25 | $-9.0M | $202.5M | ||
| Q1 25 | $-9.1M | $-25.0M | ||
| Q4 24 | $-2.7M | $-51.1M | ||
| Q3 24 | $-5.3M | $-148.3M | ||
| Q2 24 | $-12.9M | $-582.3M | ||
| Q1 24 | $214.7M | $-72.3M |
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
| Q4 25 | -1.0% | -17.7% | ||
| Q3 25 | -8.0% | -33.6% | ||
| Q2 25 | -10.3% | -34.8% | ||
| Q1 25 | -6.9% | -65.0% | ||
| Q4 24 | -6.7% | -84.4% | ||
| Q3 24 | -4.8% | -493.2% | ||
| Q2 24 | -18.5% | -1705.5% | ||
| Q1 24 | -4.0% | -267.0% |
| Q4 25 | -5.9% | -33.9% | ||
| Q3 25 | -10.5% | -62.2% | ||
| Q2 25 | -10.2% | 527.8% | ||
| Q1 25 | -10.4% | -76.9% | ||
| Q4 24 | -3.2% | -91.6% | ||
| Q3 24 | -6.0% | -506.3% | ||
| Q2 24 | -15.0% | -1712.6% | ||
| Q1 24 | 310.0% | -283.9% |
| Q4 25 | $-0.13 | $-4.40 | ||
| Q3 25 | $-0.20 | $-2.84 | ||
| Q2 25 | $-0.19 | $-1.79 | ||
| Q1 25 | $-0.19 | $-0.15 | ||
| Q4 24 | $-0.34 | $-15.29 | ||
| Q3 24 | $-0.13 | $-18.24 | ||
| Q2 24 | $-0.24 | $-71.81 | ||
| Q1 24 | $4.25 | $-0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $27.3M | $48.9M |
| Total DebtLower is stronger | $642.4M | — |
| Stockholders' EquityBook value | $880.8M | $-249.4M |
| Total Assets | $1.9B | $308.9M |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $48.9M | ||
| Q3 25 | $22.6M | $43.1M | ||
| Q2 25 | $29.1M | $40.8M | ||
| Q1 25 | $87.5M | $58.6M | ||
| Q4 24 | $46.3M | $56.3M | ||
| Q3 24 | $43.1M | $75.4M | ||
| Q2 24 | $43.8M | $89.6M | ||
| Q1 24 | $389.7M | $112.8M |
| 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 | — |
| Q4 25 | $880.8M | $-249.4M | ||
| Q3 25 | $892.7M | $-235.7M | ||
| Q2 25 | $902.0M | $-214.1M | ||
| Q1 25 | $910.5M | $-417.5M | ||
| Q4 24 | $918.6M | $-398.4M | ||
| Q3 24 | $925.4M | $-344.1M | ||
| Q2 24 | $933.1M | $-203.2M | ||
| Q1 24 | $871.6M | $371.6M |
| Q4 25 | $1.9B | $308.9M | ||
| Q3 25 | $1.9B | $362.6M | ||
| Q2 25 | $1.8B | $379.2M | ||
| Q1 25 | $1.8B | $405.1M | ||
| Q4 24 | $1.7B | $437.4M | ||
| Q3 24 | $1.7B | $537.8M | ||
| Q2 24 | $1.7B | $691.5M | ||
| Q1 24 | $1.4B | $1.3B |
| 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 | $28.8M | $8.2M |
| 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.
| Q4 25 | $28.8M | $8.2M | ||
| Q3 25 | $30.7M | $11.4M | ||
| Q2 25 | $20.9M | $-21.3M | ||
| Q1 25 | $20.5M | $8.5M | ||
| Q4 24 | $20.6M | $-14.7M | ||
| Q3 24 | $24.3M | $-9.4M | ||
| Q2 24 | $2.5M | $-11.9M | ||
| Q1 24 | $15.2M | $-621.0K |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| 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
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% |
STEM
Segment breakdown not available.
