Shenandoah Telecommunications SHEN · USD
Communication Services · US listing · 🇺🇸 United States
10.21
+5.80%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$357.9m
FY2016FY2025
Net income
−$39.4m
FY2016FY2025
Free cash flow
−$257.9m
FY2016FY2025
Shareholders' equity
$880.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $357.9m | $328.1m | $287.4m | $248.9m | $245.2m | $220.8m | $206.9m | $630.9m | $612.0m | $535.3m |
| Operating income | −$16.5m | −$22.1m | $9.6m | −$3.6m | −$2.4m | −$2.6m | −$1.3m | $93.2m | $46.5m | $22.5m |
| Net income | −$39.4m | $190.4m | $8.0m | −$8.4m | $998.8m | $125.7m | $55.5m | $46.6m | $66.4m | −$895,000 |
| Diluted earnings per share | -0.71 | 3.47 | 0.16 | -0.17 | 19.96 | 2.51 | 1.11 | 0.93 | 1.33 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.91bn | $1.74bn | $1.21bn | $977.7m | $890.7m | $2.02bn | $1.86bn | $1.48bn | $1.41bn | $1.48bn |
| Cash and short-term investments | $27.3m | $46.3m | $139.3m | $44.1m | $85.1m | $195.4m | $101.7m | $85.1m | $78.6m | $36.2m |
| Total liabilities | $941.5m | $739.2m | $561.6m | $339.7m | $248.5m | $1.45bn | $1.39bn | $1.04bn | $1.06bn | $1.19bn |
| Debt | $631.1m | $418.4m | $301.3m | $76.5m | $1.6m | $690.0m | $721.7m | $770.2m | $822.0m | $829.3m |
| Shareholders' equity | $880.8m | $918.6m | $652.7m | $638.0m | $642.3m | $577.1m | $469.4m | $442.2m | $350.2m | $295.9m |
| Shares outstanding | 55m | 55m | 51m | 50m | 50m | 50m | 50m | 50m | 50m | 49m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $101.0m | $62.6m | $113.8m | $74.9m | −$250.9m | $302.9m | $259.1m | $265.6m | $222.9m | $161.5m |
| Capital spending | −$358.9m | −$319.1m | −$255.1m | −$189.6m | −$160.1m | −$136.6m | −$155.5m | −$136.6m | −$146.5m | −$173.2m |
| Free cash flow | −$257.9m | −$256.5m | −$141.3m | −$114.7m | −$411.0m | $166.3m | $103.6m | $129.0m | $76.4m | −$11.7m |
| Dividends paid | −$6.4m | −$5.8m | −$4.5m | −$4.0m | −$940.3m | −$16.4m | −$13.9m | −$12.9m | −$12.3m | −$11.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $93.5m | $92.2m | $91.6m | $89.8m | $88.6m | $87.9m | $85.4m | $87.6m |
| Operating income | −$1.0m | −$8.0m | $545,000 | −$7.2m | −$8.9m | −$6.1m | −$3.9m | −$3.2m |
| Net income | −$7.7m | −$17.3m | −$7.3m | −$9.4m | −$10.5m | −$9.1m | −$2.7m | −$6.9m |
| Diluted earnings per share | -0.14 | -0.31 | -0.13 | -0.17 | -0.19 | -0.17 | -0.05 | -0.13 |
| Cash from operations | $25.0m | $23.0m | $28.0m | $30.0m | $20.0m | $20.0m | $20.0m | $24.0m |
| Capital spending | −$70.0m | −$75.0m | −$107.0m | −$82.0m | −$86.0m | −$83.0m | −$92.0m | −$75.0m |
| Free cash flow | −$45.0m | −$52.0m | −$79.0m | −$52.0m | −$66.0m | −$63.0m | −$72.0m | −$51.0m |
| Total assets | $1.97bn | $1.95bn | $1.91bn | $1.85bn | $1.81bn | $1.83bn | $1.74bn | $1.69bn |
| Cash and short-term investments | $23.9m | $71.1m | $27.3m | $22.6m | $29.1m | $87.5m | $46.3m | $43.1m |
| Debt | $717.8m | $696.7m | $631.1m | $537.0m | $514.7m | $517.6m | $419.9m | $347.9m |
| Shareholders' equity | $859.9m | $867.0m | $880.8m | $892.7m | $902.0m | $910.5m | $918.6m | $925.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.9% | 10.1% | 0.4% |
| Operating income | 66.6% | 44.7% | — |
| Net income | 67.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.6% | -2.7% | -2.2% | 4.9% |
| Net margin | 22.0% | 12.3% | 75.5% | 36.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.2 | 3.6 | 137.1 | -95.1 | 1.3 | 10.1 | 21.9 | 27.8 | 14.9 | -872.7 |
| Price to sales | 1.8 | 2.1 | 3.8 | 3.2 | 5.2 | 5.7 | 5.9 | 2.1 | 1.6 | 1.5 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -9% | -40% | 29% | -36% | 2% | 9% | -10% | 32% | 19% | 36% |
Dividends and splits
Per share, in the currency the company pays
Paid for 32 years. Last went ex-dividend on 2 Nov 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.12 | 0.11 | 0.10 | 0.09 | 0.08 | 0.445 | 0.34 | 0.29 |
- 2-for-1 split · 5 Jan 2016
- 3-for-1 split · 20 Aug 2007
- 2-for-1 split · 23 Feb 2004
- 2-for-1 split · 2 Mar 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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