AST SpaceMobile vs Shenandoah Telecommunications
Shenandoah Telecommunications reported revenue of $358 million in fiscal 2025, 5.0 times AST SpaceMobile's $71 million in fiscal 2025. AST SpaceMobile's revenue grew 1511.8% in its latest year, and Shenandoah Telecommunications' grew 9.1%. Free cash flow was −$1.1 billion at AST SpaceMobile and −$258 million at Shenandoah Telecommunications.
Side by side
| AST SpaceMobile | Shenandoah Telecommunications | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $71M | $358M |
| Revenue growth | 1,511.8% | 9.1% |
| Revenue growth a year, last 5 years | — | 10.1% |
| Gross margin | — | — |
| Operating margin | — | −6.5% |
| Net margin | −482.2% | −9.2% |
| Free cash flow | −$1.1B | −$258M |
| Free cash flow margin | −1,602.2% | −72.1% |
| Return on capital | — | −1.3% |
| Net debt to EBITDA | — | 5.8x |
| Dividends and buybacks | $0M | $6M |
| Change in diluted share count | 65.7% | 2.6% |
| Last close | $39.45 | $10.14 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $806,435, sold $451.6 million | bought $74,280, sold $0 |
| Piotroski F-score | 4 of 8 | 3 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AST SpaceMobileShenandoah Telecommunications
Operating margin
Percent of revenue
AST SpaceMobileShenandoah Telecommunications
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AST SpaceMobileShenandoah Telecommunications
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the AST SpaceMobile and Shenandoah Telecommunications pages.