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

SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $70.5M, roughly 1.3× FIRST FINANCIAL CORP). FIRST FINANCIAL CORP runs the higher net margin — 30.4% vs -5.9%, a 36.3% gap on every dollar of revenue. On growth, FIRST FINANCIAL CORP posted the faster year-over-year revenue change (14.1% vs 7.2%). FIRST FINANCIAL CORP produced more free cash flow last quarter ($86.4M vs $-78.6M). Over the past eight quarters, FIRST FINANCIAL CORP's revenue compounded faster (20.8% 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.

First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.

SHEN vs THFF — Head-to-Head

Bigger by revenue
SHEN
SHEN
1.3× larger
SHEN
$91.6M
$70.5M
THFF
Growing faster (revenue YoY)
THFF
THFF
+6.9% gap
THFF
14.1%
7.2%
SHEN
Higher net margin
THFF
THFF
36.3% more per $
THFF
30.4%
-5.9%
SHEN
More free cash flow
THFF
THFF
$165.0M more FCF
THFF
$86.4M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
THFF
THFF
Annualised
THFF
20.8%
15.0%
SHEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SHEN
SHEN
THFF
THFF
Revenue
$91.6M
$70.5M
Net Profit
$-5.4M
$21.5M
Gross Margin
Operating Margin
-1.0%
37.4%
Net Margin
-5.9%
30.4%
Revenue YoY
7.2%
14.1%
Net Profit YoY
-95.8%
32.1%
EPS (diluted)
$-0.13
$1.81

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
THFF
THFF
Q4 25
$91.6M
$70.5M
Q3 25
$89.8M
$65.8M
Q2 25
$88.6M
$63.1M
Q1 25
$87.9M
$62.5M
Q4 24
$85.4M
$61.8M
Q3 24
$87.6M
$58.4M
Q2 24
$85.8M
$49.2M
Q1 24
$69.2M
$48.4M
Net Profit
SHEN
SHEN
THFF
THFF
Q4 25
$-5.4M
$21.5M
Q3 25
$-9.4M
$20.8M
Q2 25
$-9.0M
$18.6M
Q1 25
$-9.1M
$18.4M
Q4 24
$-2.7M
$16.2M
Q3 24
$-5.3M
$8.7M
Q2 24
$-12.9M
$11.4M
Q1 24
$214.7M
$10.9M
Operating Margin
SHEN
SHEN
THFF
THFF
Q4 25
-1.0%
37.4%
Q3 25
-8.0%
39.2%
Q2 25
-10.3%
36.2%
Q1 25
-6.9%
38.1%
Q4 24
-6.7%
32.4%
Q3 24
-4.8%
17.9%
Q2 24
-18.5%
27.6%
Q1 24
-4.0%
27.2%
Net Margin
SHEN
SHEN
THFF
THFF
Q4 25
-5.9%
30.4%
Q3 25
-10.5%
31.6%
Q2 25
-10.2%
29.5%
Q1 25
-10.4%
29.5%
Q4 24
-3.2%
26.3%
Q3 24
-6.0%
15.0%
Q2 24
-15.0%
23.1%
Q1 24
310.0%
22.6%
EPS (diluted)
SHEN
SHEN
THFF
THFF
Q4 25
$-0.13
$1.81
Q3 25
$-0.20
$1.75
Q2 25
$-0.19
$1.57
Q1 25
$-0.19
$1.55
Q4 24
$-0.34
$1.37
Q3 24
$-0.13
$0.74
Q2 24
$-0.24
$0.96
Q1 24
$4.25
$0.93

Balance Sheet & Financial Strength

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

Metric
SHEN
SHEN
THFF
THFF
Cash + ST InvestmentsLiquidity on hand
$27.3M
Total DebtLower is stronger
$642.4M
$188.2M
Stockholders' EquityBook value
$880.8M
$650.9M
Total Assets
$1.9B
$5.8B
Debt / EquityLower = less leverage
0.73×
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SHEN
SHEN
THFF
THFF
Q4 25
$27.3M
Q3 25
$22.6M
Q2 25
$29.1M
Q1 25
$87.5M
Q4 24
$46.3M
Q3 24
$43.1M
Q2 24
$43.8M
Q1 24
$389.7M
Total Debt
SHEN
SHEN
THFF
THFF
Q4 25
$642.4M
$188.2M
Q3 25
$535.4M
$170.5M
Q2 25
$513.1M
$122.7M
Q1 25
$515.8M
$124.9M
Q4 24
$418.0M
$28.1M
Q3 24
$345.2M
$30.5M
Q2 24
$297.4M
$108.6M
Q1 24
$298.7M
$58.6M
Stockholders' Equity
SHEN
SHEN
THFF
THFF
Q4 25
$880.8M
$650.9M
Q3 25
$892.7M
$622.2M
Q2 25
$902.0M
$587.7M
Q1 25
$910.5M
$571.9M
Q4 24
$918.6M
$549.0M
Q3 24
$925.4M
$566.0M
Q2 24
$933.1M
$530.7M
Q1 24
$871.6M
$520.8M
Total Assets
SHEN
SHEN
THFF
THFF
Q4 25
$1.9B
$5.8B
Q3 25
$1.9B
$5.7B
Q2 25
$1.8B
$5.6B
Q1 25
$1.8B
$5.5B
Q4 24
$1.7B
$5.6B
Q3 24
$1.7B
$5.5B
Q2 24
$1.7B
$4.9B
Q1 24
$1.4B
$4.9B
Debt / Equity
SHEN
SHEN
THFF
THFF
Q4 25
0.73×
0.29×
Q3 25
0.60×
0.27×
Q2 25
0.57×
0.21×
Q1 25
0.57×
0.22×
Q4 24
0.46×
0.05×
Q3 24
0.37×
0.05×
Q2 24
0.32×
0.20×
Q1 24
0.34×
0.11×

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
THFF
THFF
Operating Cash FlowLast quarter
$28.8M
$90.4M
Free Cash FlowOCF − Capex
$-78.6M
$86.4M
FCF MarginFCF / Revenue
-85.8%
122.5%
Capex IntensityCapex / Revenue
117.2%
5.6%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-257.9M
$144.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SHEN
SHEN
THFF
THFF
Q4 25
$28.8M
$90.4M
Q3 25
$30.7M
$26.9M
Q2 25
$20.9M
$12.7M
Q1 25
$20.5M
$21.1M
Q4 24
$20.6M
$60.4M
Q3 24
$24.3M
$23.3M
Q2 24
$2.5M
$8.8M
Q1 24
$15.2M
$12.4M
Free Cash Flow
SHEN
SHEN
THFF
THFF
Q4 25
$-78.6M
$86.4M
Q3 25
$-51.4M
$25.8M
Q2 25
$-65.3M
$11.6M
Q1 25
$-62.7M
$20.5M
Q4 24
$-72.0M
$54.3M
Q3 24
$-51.3M
$19.5M
Q2 24
$-78.3M
$8.4M
Q1 24
$-54.9M
$11.5M
FCF Margin
SHEN
SHEN
THFF
THFF
Q4 25
-85.8%
122.5%
Q3 25
-57.2%
39.2%
Q2 25
-73.7%
18.4%
Q1 25
-71.3%
32.8%
Q4 24
-84.3%
87.8%
Q3 24
-58.5%
33.5%
Q2 24
-91.3%
17.2%
Q1 24
-79.3%
23.7%
Capex Intensity
SHEN
SHEN
THFF
THFF
Q4 25
117.2%
5.6%
Q3 25
91.4%
1.7%
Q2 25
97.3%
1.8%
Q1 25
94.7%
0.9%
Q4 24
108.4%
9.9%
Q3 24
86.2%
6.5%
Q2 24
94.2%
0.7%
Q1 24
101.2%
2.0%
Cash Conversion
SHEN
SHEN
THFF
THFF
Q4 25
4.21×
Q3 25
1.29×
Q2 25
0.68×
Q1 25
1.14×
Q4 24
3.72×
Q3 24
2.67×
Q2 24
0.77×
Q1 24
0.07×
1.14×

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%

THFF
THFF

Segment breakdown not available.

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