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ATN International vs Shenandoah Telecommunications: revenue, profit, margins and growth compared

ATN International brought in $728M of revenue in fiscal 2025, Shenandoah Telecommunications $357.9M in fiscal 2025. Revenue changed by -0.2% at ATN International and +9.1% at Shenandoah Telecommunications on the year before, so Shenandoah Telecommunications grew faster. ATN International kept -2.0% of its revenue as net profit, Shenandoah Telecommunications -9.2%. Free cash flow was $43.9M at ATN International and -$257.9M at Shenandoah Telecommunications.

Side by side, latest fiscal year

ATNISHEN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$728M$357.9M
Revenue growth-0.2%+9.1%
Net income-$14.9M-$32.9M
Net margin-2.0%-9.2%
Free cash flow$43.9M-$257.9M
Free cash flow margin6.0%-72.1%
Earnings per share (diluted)-$1.38-$0.71
Cash$102.5M$27.3M
Debt$565.2M$642.4M
Price to earningsn/an/a
Market value$440.8M$627.6M
Dividend yield3.74%0.94%
Rank by revenue in sector#27 of 51 · Telecommunications#32 of 51 · Telecommunications

Over the years

Revenue
ATNI FY2018: $451.2MATNI FY2019: $438.7MATNI FY2020: $455.4MATNI FY2021: $602.7MATNI FY2022: $725.7MATNI FY2023: $762.2MATNI FY2024: $729.1MATNI FY2025: $728MSHEN FY2018: $192.7MSHEN FY2019: $206.9MSHEN FY2020: $220.8MSHEN FY2021: $245.2MSHEN FY2022: $248.9MSHEN FY2023: $269.1MSHEN FY2024: $328.1MSHEN FY2025: $357.9MFY18FY19FY20FY21FY22FY23FY24FY25
ATNI $728MSHEN $357.9M
Net income
ATNI FY2018: $19.8MATNI FY2019: -$10.8MATNI FY2020: -$14.1MATNI FY2021: -$22.1MATNI FY2022: -$5.6MATNI FY2023: -$14.5MATNI FY2024: -$26.4MATNI FY2025: -$14.9MSHEN FY2018: $46.6MSHEN FY2019: $55.5MSHEN FY2020: $125.7MSHEN FY2021: $998.8MSHEN FY2022: -$8.4MSHEN FY2023: $8MSHEN FY2024: $193.8MSHEN FY2025: -$32.9MFY18FY19FY20FY21FY22FY23FY24FY25
ATNI -$14.9MSHEN -$32.9M
Net margin
ATNI FY2018: 4.4%ATNI FY2019: -2.5%ATNI FY2020: -3.1%ATNI FY2021: -3.7%ATNI FY2022: -0.8%ATNI FY2023: -1.9%ATNI FY2024: -3.6%ATNI FY2025: -2.0%SHEN FY2018: 24.2%SHEN FY2019: 26.8%SHEN FY2020: 56.9%SHEN FY2021: 407.3%SHEN FY2022: -3.4%SHEN FY2023: 3.0%SHEN FY2024: 59.1%SHEN FY2025: -9.2%FY18FY19FY20FY21FY22FY23FY24FY25
ATNI -2.0%SHEN -9.2%
Revenue growth
ATNI FY2019: -2.8%ATNI FY2020: +3.8%ATNI FY2021: +32.3%ATNI FY2022: +20.4%ATNI FY2023: +5.0%ATNI FY2024: -4.3%ATNI FY2025: -0.2%SHEN FY2019: +7.4%SHEN FY2020: +6.7%SHEN FY2021: +11.1%SHEN FY2022: +1.5%SHEN FY2023: +8.1%SHEN FY2024: +21.9%SHEN FY2025: +9.1%FY19FY20FY21FY22FY23FY24FY25
ATNI -0.2%SHEN +9.1%
Free cash flow
ATNI FY2018: -$70.1MATNI FY2019: $15.2MATNI FY2020: $11MATNI FY2021: -$15.9MATNI FY2022: -$57.2MATNI FY2023: -$51.7MATNI FY2024: $17.5MATNI FY2025: $43.9MSHEN FY2018: $209MSHEN FY2019: $192.1MSHEN FY2020: $182.4MSHEN FY2021: -$411MSHEN FY2022: -$114.1MSHEN FY2023: -$141.3MSHEN FY2024: -$256.5MSHEN FY2025: -$257.9MFY18FY19FY20FY21FY22FY23FY24FY25
ATNI $43.9MSHEN -$257.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about ATN International and Shenandoah Telecommunications

Which is bigger by revenue, ATN International or Shenandoah Telecommunications?

ATN International is bigger by revenue: $728M in fiscal 2025, against $357.9M for Shenandoah Telecommunications in fiscal 2025.

Which keeps more of its revenue as profit, ATN International or Shenandoah Telecommunications?

ATN International had a net margin of -2.0% in fiscal 2025; Shenandoah Telecommunications had -9.2% in fiscal 2025.

Which grew revenue faster, ATN International or Shenandoah Telecommunications?

In their latest fiscal years revenue changed by -0.2% at ATN International and +9.1% at Shenandoah Telecommunications.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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