stockrowShenandoah Telecommunications Co
SHEN Communication Services Telecom Services
Shenandoah Telecommunications Co’s revenue for fiscal 2025 (year ended December 2025) was $357.9 million, up 9.08% from fiscal 2024.
- Revenue
- +4.61%
- EPS
- +17.8%
- Free cash flow
- +20.3%
- Total debt
- +39.9%
Quarter to September 2026, against a year earlier
Follow SHEN
Alert me
Shenandoah Telecommunications Co (SHEN) Piotroski F-score
Shenandoah Telecommunications Co's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, up from 3 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | 1.00 |
| FY2024 | 3 | (3.00) |
| FY2023 | 6 | 2.00 |
| FY2022 | 4 | 0.00 |
| FY2021 | 4 | (1.00) |
| FY2020 | 5 | (1.00) |
| FY2019 | 6 | 1.00 |
| FY2018 | 5 | (2.00) |
| FY2017 | 7 | 5.00 |
| FY2016 | 2 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (2.16%) | 12.89% | Fail | 0 |
| Positive operating cash flow | 101.00m | 62.57m | Pass | 1 |
| Rising return on assets | (2.16%) | 12.89% | Fail | 0 |
| Cash flow above net income | 140.39m | (127.82m) | Pass | 1 |
| Falling long-term leverage | 0.34 | 0.28 | Fail | 0 |
| Rising current ratio | 0.90 | 0.82 | Pass | 1 |
| No new shares issued | 55,100,000 | 53,722,000 | Fail | 0 |
| Rising gross margin | 63.64% | 60.95% | Pass | 1 |
| Rising asset turnover | 0.20 | 0.22 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| ATNI ATN International, Inc. compare | 6 |
| TV Grupo Televisa S.A. compare | 6 |
| GOGO Gogo Inc. compare | 5 |
| SIFY Sify Technologies Limited compare | 5 |
| SHEN Shenandoah Telecommunications Co | 4 |
| OPTU Optimum Communications, Inc. compare | 4 |
| CCOI Cogent Communications Holdings, Inc. compare | 4 |
| GLIBA Liberty Capital Corporation compare | — |
| GLIBK GCI Liberty, Inc. - Series C GCI Group compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover