Shenandoah Telecommunications Co (SHEN)

Shenandoah Telecommunications Company, together with its subsidiaries, provides broadband services and video and voice services in the United States. The company offers broadband internet, video, and voice services; high-speed Ethernet and dark fiber leasing services; and managed network services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, Kentucky, Delaware, Ohio, and Indiana through fiber optics under the brand name of Glo Fiber and hybrid fiber coaxial cable under the Shentel brand name. It also provides Ethernet and wavelength fiber optic services to enterprise and wholesale customers under the Glo Fiber Business brand names; and DSL telephone services. The company was founded in 1902 and is based in Edinburg, Virginia.

Symbol
SHEN
Exchange
Nasdaq
Sector
Communication Services
Industry
Telecom Services
Market cap
$680.77M
52 week range
9.67 - 17.35

Valuation

Share price
$12.09 (close of 2026-09-23)
P/E (TTM)
-14.83x
Price to book
0.79x
Price to free cash flow
-2.76x
Enterprise value
$1.34B
Book value per share
$15.68

Price performance

PeriodChange
1 day-0.33%
5 days+3.96%
1 month-1.95%
3 months-14.50%
6 months-17.25%
Year to date+4.58%
1 year-10.97%
3 years-40.74%
5 years-60.01%
10 years-55.63%
All time+560.66%

Profitability and growth

Return on equity
-3.74%
Return on invested capital
-0.96%
Return on assets
-1.72%
Return on capital employed
-1.29%
Gross margin
26.53%
Net margin
-9.21%
EBITDA margin
29.75%
Revenue growth
9.08%
Net income growth
-117.00%
Free cash flow growth
-0.55%

Cash flow and balance sheet

Free cash flow yield (TTM)
-36.23%
Current ratio
1.12x
Net debt to EBITDA
5.74x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$357.85M
Cost of revenue
$262.90M
Gross profit
$94.95M
EBITDA
$106.46M
Net income
$-32.94M
Earnings per share
$-0.71
Shares outstanding
55.10M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$357.85M$94.95M$-32.94M$-0.71
2024-12-31$328.06M$86.60M$193.82M$3.54
2023-12-31$269.13M$99.45M$8.04M$0.16
2022-12-31$248.91M$73.66M$-8.38M$-0.17
2021-12-31$245.24M$80.02M$998.83M$19.97
2020-12-31$220.78M$82.42M$125.67M$2.52
2019-12-31$206.86M$76.50M$55.50M$1.11
2018-12-31$192.68M$67.88M$46.59M$0.94
2017-12-31$611.99M$400.48M$66.39M$1.35
2016-12-31$535.29M$341.77M$-895.00K$-0.02

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3126.53%-9.21%-3.74%-0.96%
2024-12-3126.40%59.08%21.10%-1.45%
2023-12-3136.95%2.99%1.23%0.01%
2022-12-3129.59%-3.37%-1.31%-1.94%
2021-12-3132.63%407.29%155.51%-0.20%
2020-12-3137.33%56.92%21.78%-0.14%
2019-12-3136.98%26.83%11.86%-0.12%
2018-12-3135.23%24.18%10.58%-0.11%
2017-12-3165.44%10.85%18.85%4.25%
2016-12-3163.85%-0.17%-0.30%1.81%

Cash and debt by year

Period endCashDebt
2025-12-31$27.26M$628.24M
2024-12-31$46.27M$407.68M
2023-12-31$139.25M$292.80M
2022-12-31$44.06M$74.31M
2021-12-31$84.34M-
2020-12-31$195.40M-
2019-12-31$101.65M$688.46M
2018-12-31$85.09M$749.62M
2017-12-31$78.58M$757.56M
2016-12-31$36.19M$797.22M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-257.92M$9.59M
2024-12-31$-256.50M$9.84M
2023-12-31$-141.30M$10.03M
2022-12-31$-114.09M$8.53M
2021-12-31$-411.04M$3.41M
2020-12-31$182.42M$5.91M
2019-12-31$192.10M$3.37M
2018-12-31$209.02M$4.75M
2017-12-31$76.44M$3.58M
2016-12-31$-11.71M$3.02M

Dividend history

Most recent payment
2025-11-07
Paid in the last twelve months
$0.11
Payment dateDividend per share
2025-11-07$0.11
2024-11-05$0.10
2023-11-06$0.09
2022-11-04$0.08
2021-11-05$0.07
2021-08-03$18.75
2020-11-10$0.34
2019-11-13$0.29

Investor relations

Next earnings report

Next confirmed report
2026-11-04

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-29Jun/2026-
2026-05-01--
2026-02-26--
2025-10-29--
2025-07-31--
2025-04-30--
2025-02-20--
2024-11-07--

Filings and sources

Company website
shentel.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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