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Side-by-side financial comparison of SHENANDOAH TELECOMMUNICATIONS CO (SHEN) and VERACYTE, INC. (VCYT). Click either name above to swap in a different company.

VERACYTE, INC. is the larger business by last-quarter revenue ($140.6M vs $91.6M, roughly 1.5× SHENANDOAH TELECOMMUNICATIONS CO). VERACYTE, INC. runs the higher net margin — 29.3% vs -5.9%, a 35.1% gap on every dollar of revenue. On growth, VERACYTE, INC. posted the faster year-over-year revenue change (18.5% vs 7.2%). VERACYTE, INC. produced more free cash flow last quarter ($48.8M vs $-78.6M). Over the past eight quarters, VERACYTE, INC.'s revenue compounded faster (20.5% 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.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

SHEN vs VCYT — Head-to-Head

Bigger by revenue
VCYT
VCYT
1.5× larger
VCYT
$140.6M
$91.6M
SHEN
Growing faster (revenue YoY)
VCYT
VCYT
+11.3% gap
VCYT
18.5%
7.2%
SHEN
Higher net margin
VCYT
VCYT
35.1% more per $
VCYT
29.3%
-5.9%
SHEN
More free cash flow
VCYT
VCYT
$127.4M more FCF
VCYT
$48.8M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
VCYT
VCYT
Annualised
VCYT
20.5%
15.0%
SHEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SHEN
SHEN
VCYT
VCYT
Revenue
$91.6M
$140.6M
Net Profit
$-5.4M
$41.1M
Gross Margin
72.5%
Operating Margin
-1.0%
26.4%
Net Margin
-5.9%
29.3%
Revenue YoY
7.2%
18.5%
Net Profit YoY
-95.8%
704.8%
EPS (diluted)
$-0.13
$0.50

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
VCYT
VCYT
Q4 25
$91.6M
$140.6M
Q3 25
$89.8M
$131.9M
Q2 25
$88.6M
$130.2M
Q1 25
$87.9M
$114.5M
Q4 24
$85.4M
$118.6M
Q3 24
$87.6M
$115.9M
Q2 24
$85.8M
$114.4M
Q1 24
$69.2M
$96.8M
Net Profit
SHEN
SHEN
VCYT
VCYT
Q4 25
$-5.4M
$41.1M
Q3 25
$-9.4M
$19.1M
Q2 25
$-9.0M
$-980.0K
Q1 25
$-9.1M
$7.0M
Q4 24
$-2.7M
$5.1M
Q3 24
$-5.3M
$15.2M
Q2 24
$-12.9M
$5.7M
Q1 24
$214.7M
$-1.9M
Gross Margin
SHEN
SHEN
VCYT
VCYT
Q4 25
72.5%
Q3 25
69.2%
Q2 25
69.0%
Q1 25
69.5%
Q4 24
66.4%
Q3 24
68.2%
Q2 24
68.1%
Q1 24
64.5%
Operating Margin
SHEN
SHEN
VCYT
VCYT
Q4 25
-1.0%
26.4%
Q3 25
-8.0%
17.4%
Q2 25
-10.3%
-4.0%
Q1 25
-6.9%
2.5%
Q4 24
-6.7%
3.5%
Q3 24
-4.8%
10.4%
Q2 24
-18.5%
4.0%
Q1 24
-4.0%
-4.8%
Net Margin
SHEN
SHEN
VCYT
VCYT
Q4 25
-5.9%
29.3%
Q3 25
-10.5%
14.5%
Q2 25
-10.2%
-0.8%
Q1 25
-10.4%
6.2%
Q4 24
-3.2%
4.3%
Q3 24
-6.0%
13.1%
Q2 24
-15.0%
5.0%
Q1 24
310.0%
-1.9%
EPS (diluted)
SHEN
SHEN
VCYT
VCYT
Q4 25
$-0.13
$0.50
Q3 25
$-0.20
$0.24
Q2 25
$-0.19
$-0.01
Q1 25
$-0.19
$0.09
Q4 24
$-0.34
$0.07
Q3 24
$-0.13
$0.19
Q2 24
$-0.24
$0.07
Q1 24
$4.25
$-0.02

Balance Sheet & Financial Strength

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

Metric
SHEN
SHEN
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$27.3M
$362.6M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$880.8M
$1.3B
Total Assets
$1.9B
$1.4B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SHEN
SHEN
VCYT
VCYT
Q4 25
$27.3M
$362.6M
Q3 25
$22.6M
$315.6M
Q2 25
$29.1M
$219.5M
Q1 25
$87.5M
$186.1M
Q4 24
$46.3M
$239.1M
Q3 24
$43.1M
$274.1M
Q2 24
$43.8M
$235.9M
Q1 24
$389.7M
$209.2M
Total Debt
SHEN
SHEN
VCYT
VCYT
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
VCYT
VCYT
Q4 25
$880.8M
$1.3B
Q3 25
$892.7M
$1.3B
Q2 25
$902.0M
$1.2B
Q1 25
$910.5M
$1.2B
Q4 24
$918.6M
$1.2B
Q3 24
$925.4M
$1.2B
Q2 24
$933.1M
$1.1B
Q1 24
$871.6M
$1.1B
Total Assets
SHEN
SHEN
VCYT
VCYT
Q4 25
$1.9B
$1.4B
Q3 25
$1.9B
$1.4B
Q2 25
$1.8B
$1.3B
Q1 25
$1.8B
$1.3B
Q4 24
$1.7B
$1.3B
Q3 24
$1.7B
$1.3B
Q2 24
$1.7B
$1.2B
Q1 24
$1.4B
$1.2B
Debt / Equity
SHEN
SHEN
VCYT
VCYT
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
VCYT
VCYT
Operating Cash FlowLast quarter
$28.8M
$52.6M
Free Cash FlowOCF − Capex
$-78.6M
$48.8M
FCF MarginFCF / Revenue
-85.8%
34.7%
Capex IntensityCapex / Revenue
117.2%
2.7%
Cash ConversionOCF / Net Profit
1.28×
TTM Free Cash FlowTrailing 4 quarters
$-257.9M
$126.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SHEN
SHEN
VCYT
VCYT
Q4 25
$28.8M
$52.6M
Q3 25
$30.7M
$44.8M
Q2 25
$20.9M
$33.6M
Q1 25
$20.5M
$5.4M
Q4 24
$20.6M
$24.5M
Q3 24
$24.3M
$30.0M
Q2 24
$2.5M
$29.6M
Q1 24
$15.2M
$-9.0M
Free Cash Flow
SHEN
SHEN
VCYT
VCYT
Q4 25
$-78.6M
$48.8M
Q3 25
$-51.4M
$42.0M
Q2 25
$-65.3M
$32.3M
Q1 25
$-62.7M
$3.5M
Q4 24
$-72.0M
$20.4M
Q3 24
$-51.3M
$27.7M
Q2 24
$-78.3M
$26.8M
Q1 24
$-54.9M
$-11.1M
FCF Margin
SHEN
SHEN
VCYT
VCYT
Q4 25
-85.8%
34.7%
Q3 25
-57.2%
31.8%
Q2 25
-73.7%
24.8%
Q1 25
-71.3%
3.1%
Q4 24
-84.3%
17.2%
Q3 24
-58.5%
23.9%
Q2 24
-91.3%
23.4%
Q1 24
-79.3%
-11.5%
Capex Intensity
SHEN
SHEN
VCYT
VCYT
Q4 25
117.2%
2.7%
Q3 25
91.4%
2.1%
Q2 25
97.3%
1.0%
Q1 25
94.7%
1.6%
Q4 24
108.4%
3.5%
Q3 24
86.2%
1.9%
Q2 24
94.2%
2.4%
Q1 24
101.2%
2.2%
Cash Conversion
SHEN
SHEN
VCYT
VCYT
Q4 25
1.28×
Q3 25
2.34×
Q2 25
Q1 25
0.76×
Q4 24
4.80×
Q3 24
1.98×
Q2 24
5.16×
Q1 24
0.07×

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%

VCYT
VCYT

Testing$135.8M97%
Products$3.8M3%
Biopharmaceutical And Other$686.0K0%

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