Shenandoah Telecommunications vs Veon
Veon reported revenue of $4.4 billion in fiscal 2025, 12.3 times Shenandoah Telecommunications' $358 million in fiscal 2025. Shenandoah Telecommunications' revenue grew 9.1% in its latest year, and Veon's grew 9.9%. Shenandoah Telecommunications had an operating margin of -6.5%, against 32.7% at Veon.
Side by side
| Shenandoah Telecommunications | Veon | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $358M | $4.4B |
| Revenue growth | 9.1% | 9.9% |
| Revenue growth a year, last 5 years | 10.1% | 4.8% |
| Gross margin | — | — |
| Operating margin | −6.5% | 32.7% |
| Net margin | −9.2% | 13.4% |
| Free cash flow | −$258M | — |
| Free cash flow margin | −72.1% | — |
| Return on capital | −1.3% | 36.4% |
| Net debt to EBITDA | 5.8x | 0.6x |
| Dividends and buybacks | $6M | $172M |
| Change in diluted share count | 2.6% | −0.9% |
| Last close | $10.14 | $84.50 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $74,280, sold $0 | bought $1.1 million, sold $0 |
| Piotroski F-score | 3 of 8 | — |
Amounts in each company's own currency, US$ 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
Shenandoah TelecommunicationsVeon
Operating margin
Percent of revenue
Shenandoah TelecommunicationsVeon
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Shenandoah TelecommunicationsVeon
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 Shenandoah Telecommunications and Veon pages.