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Side-by-side financial comparison of SHENANDOAH TELECOMMUNICATIONS CO (SHEN) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $91.6M, roughly 1.4× SHENANDOAH TELECOMMUNICATIONS CO). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -5.9%, a 7.4% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -4.8%).

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.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

SHEN vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.4× larger
SWBI
$124.7M
$91.6M
SHEN
Growing faster (revenue YoY)
SHEN
SHEN
+11.1% gap
SHEN
7.2%
-3.9%
SWBI
Higher net margin
SWBI
SWBI
7.4% more per $
SWBI
1.5%
-5.9%
SHEN
More free cash flow
SWBI
SWBI
$94.9M more FCF
SWBI
$16.3M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
SHEN
SHEN
SWBI
SWBI
Revenue
$91.6M
$124.7M
Net Profit
$-5.4M
$1.9M
Gross Margin
24.3%
Operating Margin
-1.0%
3.3%
Net Margin
-5.9%
1.5%
Revenue YoY
7.2%
-3.9%
Net Profit YoY
-95.8%
-53.6%
EPS (diluted)
$-0.13
$0.04

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
SHEN
SHEN
SWBI
SWBI
Q4 25
$91.6M
$124.7M
Q3 25
$89.8M
$85.1M
Q2 25
$88.6M
$140.8M
Q1 25
$87.9M
$115.9M
Q4 24
$85.4M
$129.7M
Q3 24
$87.6M
$88.3M
Q2 24
$85.8M
$159.1M
Q1 24
$69.2M
$137.5M
Net Profit
SHEN
SHEN
SWBI
SWBI
Q4 25
$-5.4M
$1.9M
Q3 25
$-9.4M
$-3.4M
Q2 25
$-9.0M
$8.6M
Q1 25
$-9.1M
$2.1M
Q4 24
$-2.7M
$4.5M
Q3 24
$-5.3M
$-1.9M
Q2 24
$-12.9M
$27.9M
Q1 24
$214.7M
$7.9M
Gross Margin
SHEN
SHEN
SWBI
SWBI
Q4 25
24.3%
Q3 25
25.9%
Q2 25
28.8%
Q1 25
24.1%
Q4 24
26.6%
Q3 24
27.4%
Q2 24
35.5%
Q1 24
28.7%
Operating Margin
SHEN
SHEN
SWBI
SWBI
Q4 25
-1.0%
3.3%
Q3 25
-8.0%
-3.5%
Q2 25
-10.3%
9.3%
Q1 25
-6.9%
4.1%
Q4 24
-6.7%
5.8%
Q3 24
-4.8%
-1.7%
Q2 24
-18.5%
17.4%
Q1 24
-4.0%
8.2%
Net Margin
SHEN
SHEN
SWBI
SWBI
Q4 25
-5.9%
1.5%
Q3 25
-10.5%
-4.0%
Q2 25
-10.2%
6.1%
Q1 25
-10.4%
1.8%
Q4 24
-3.2%
3.5%
Q3 24
-6.0%
-2.1%
Q2 24
-15.0%
17.5%
Q1 24
310.0%
5.7%
EPS (diluted)
SHEN
SHEN
SWBI
SWBI
Q4 25
$-0.13
$0.04
Q3 25
$-0.20
$-0.08
Q2 25
$-0.19
$0.19
Q1 25
$-0.19
$0.05
Q4 24
$-0.34
$0.10
Q3 24
$-0.13
$-0.04
Q2 24
$-0.24
$0.60
Q1 24
$4.25
$0.17

Balance Sheet & Financial Strength

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

Metric
SHEN
SHEN
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$27.3M
$22.4M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$880.8M
$363.2M
Total Assets
$1.9B
$548.6M
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SHEN
SHEN
SWBI
SWBI
Q4 25
$27.3M
$22.4M
Q3 25
$22.6M
$18.0M
Q2 25
$29.1M
$25.2M
Q1 25
$87.5M
$26.7M
Q4 24
$46.3M
$39.1M
Q3 24
$43.1M
$35.5M
Q2 24
$43.8M
$60.8M
Q1 24
$389.7M
$47.4M
Total Debt
SHEN
SHEN
SWBI
SWBI
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
SHEN
SHEN
SWBI
SWBI
Q4 25
$880.8M
$363.2M
Q3 25
$892.7M
$364.4M
Q2 25
$902.0M
$372.5M
Q1 25
$910.5M
$366.9M
Q4 24
$918.6M
$371.5M
Q3 24
$925.4M
$380.0M
Q2 24
$933.1M
$399.9M
Q1 24
$871.6M
$376.4M
Total Assets
SHEN
SHEN
SWBI
SWBI
Q4 25
$1.9B
$548.6M
Q3 25
$1.9B
$554.6M
Q2 25
$1.8B
$559.6M
Q1 25
$1.8B
$578.9M
Q4 24
$1.7B
$587.4M
Q3 24
$1.7B
$571.3M
Q2 24
$1.7B
$577.4M
Q1 24
$1.4B
$570.6M
Debt / Equity
SHEN
SHEN
SWBI
SWBI
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
SHEN
SHEN
SWBI
SWBI
Operating Cash FlowLast quarter
$28.8M
$27.3M
Free Cash FlowOCF − Capex
$-78.6M
$16.3M
FCF MarginFCF / Revenue
-85.8%
13.1%
Capex IntensityCapex / Revenue
117.2%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$-257.9M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SHEN
SHEN
SWBI
SWBI
Q4 25
$28.8M
$27.3M
Q3 25
$30.7M
$-8.1M
Q2 25
$20.9M
$40.8M
Q1 25
$20.5M
$-9.8M
Q4 24
$20.6M
$-7.4M
Q3 24
$24.3M
$-30.8M
Q2 24
$2.5M
$43.7M
Q1 24
$15.2M
$25.2M
Free Cash Flow
SHEN
SHEN
SWBI
SWBI
Q4 25
$-78.6M
$16.3M
Q3 25
$-51.4M
$-12.4M
Q2 25
$-65.3M
$33.5M
Q1 25
$-62.7M
$-16.1M
Q4 24
$-72.0M
$-10.7M
Q3 24
$-51.3M
$-35.5M
Q2 24
$-78.3M
$38.2M
Q1 24
$-54.9M
$7.0M
FCF Margin
SHEN
SHEN
SWBI
SWBI
Q4 25
-85.8%
13.1%
Q3 25
-57.2%
-14.6%
Q2 25
-73.7%
23.8%
Q1 25
-71.3%
-13.9%
Q4 24
-84.3%
-8.3%
Q3 24
-58.5%
-40.2%
Q2 24
-91.3%
24.0%
Q1 24
-79.3%
5.1%
Capex Intensity
SHEN
SHEN
SWBI
SWBI
Q4 25
117.2%
8.8%
Q3 25
91.4%
5.0%
Q2 25
97.3%
5.2%
Q1 25
94.7%
5.4%
Q4 24
108.4%
2.5%
Q3 24
86.2%
5.3%
Q2 24
94.2%
3.5%
Q1 24
101.2%
13.2%
Cash Conversion
SHEN
SHEN
SWBI
SWBI
Q4 25
14.22×
Q3 25
Q2 25
4.73×
Q1 25
-4.68×
Q4 24
-1.63×
Q3 24
Q2 24
1.57×
Q1 24
0.07×
3.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

SWBI
SWBI

Segment breakdown not available.

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