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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Bandwidth Inc. (BAND). Click either name above to swap in a different company.

Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $172.2M, roughly 1.2× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 1.9%, a 18.2% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 9.7%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.

AAMI vs BAND — Head-to-Head

Bigger by revenue
BAND
BAND
1.2× larger
BAND
$208.8M
$172.2M
AAMI
Growing faster (revenue YoY)
BAND
BAND
+17.5% gap
BAND
20.1%
2.6%
AAMI
Higher net margin
AAMI
AAMI
18.2% more per $
AAMI
20.2%
1.9%
BAND
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
9.7%
BAND

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AAMI
AAMI
BAND
BAND
Revenue
$172.2M
$208.8M
Net Profit
$34.7M
$4.0M
Gross Margin
37.3%
Operating Margin
33.3%
60.5%
Net Margin
20.2%
1.9%
Revenue YoY
2.6%
20.1%
Net Profit YoY
-18.4%
200.0%
EPS (diluted)
$0.97
$-0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
BAND
BAND
Q1 26
$208.8M
Q4 25
$172.2M
$207.7M
Q3 25
$144.2M
$191.9M
Q2 25
$127.4M
$180.0M
Q1 25
$119.9M
$174.2M
Q4 24
$167.8M
$210.0M
Q3 24
$123.1M
$193.9M
Q2 24
$109.0M
$173.6M
Net Profit
AAMI
AAMI
BAND
BAND
Q1 26
$4.0M
Q4 25
$34.7M
Q3 25
$15.1M
$-1.2M
Q2 25
$10.1M
$-4.9M
Q1 25
$20.1M
$-3.7M
Q4 24
$42.5M
Q3 24
$16.9M
$413.0K
Q2 24
$11.0M
$4.1M
Gross Margin
AAMI
AAMI
BAND
BAND
Q1 26
37.3%
Q4 25
37.6%
Q3 25
38.5%
Q2 25
39.8%
Q1 25
41.0%
Q4 24
36.4%
Q3 24
37.7%
Q2 24
37.3%
Operating Margin
AAMI
AAMI
BAND
BAND
Q1 26
60.5%
Q4 25
33.3%
-1.9%
Q3 25
18.4%
-1.0%
Q2 25
12.7%
-2.1%
Q1 25
26.6%
-2.7%
Q4 24
38.7%
-1.3%
Q3 24
21.9%
-0.5%
Q2 24
18.9%
-3.5%
Net Margin
AAMI
AAMI
BAND
BAND
Q1 26
1.9%
Q4 25
20.2%
Q3 25
10.5%
-0.6%
Q2 25
7.9%
-2.7%
Q1 25
16.8%
-2.1%
Q4 24
25.3%
Q3 24
13.7%
0.2%
Q2 24
10.1%
2.3%
EPS (diluted)
AAMI
AAMI
BAND
BAND
Q1 26
$-0.08
Q4 25
$0.97
$-0.10
Q3 25
$0.42
$-0.04
Q2 25
$0.28
$-0.16
Q1 25
$0.54
$-0.13
Q4 24
$1.11
$0.27
Q3 24
$0.45
$0.01
Q2 24
$0.29
$-0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
BAND
BAND
Cash + ST InvestmentsLiquidity on hand
$47.3M
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$405.7M
Total Assets
$677.0M
$984.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
BAND
BAND
Q1 26
$47.3M
Q4 25
$111.3M
Q3 25
$80.4M
Q2 25
$68.1M
Q1 25
$41.7M
Q4 24
$83.8M
Q3 24
$79.9M
Q2 24
$76.4M
Total Debt
AAMI
AAMI
BAND
BAND
Q1 26
Q4 25
$200.0M
Q3 25
Q2 25
Q1 25
Q4 24
$275.0M
Q3 24
Q2 24
Stockholders' Equity
AAMI
AAMI
BAND
BAND
Q1 26
$405.7M
Q4 25
$400.0M
Q3 25
$392.7M
Q2 25
$384.5M
Q1 25
$345.4M
Q4 24
$312.5M
Q3 24
$336.6M
Q2 24
$307.4M
Total Assets
AAMI
AAMI
BAND
BAND
Q1 26
$984.2M
Q4 25
$677.0M
$1.1B
Q3 25
$751.4M
$1.0B
Q2 25
$672.3M
$1.0B
Q1 25
$677.3M
$964.4M
Q4 24
$703.2M
$989.2M
Q3 24
$555.2M
$1.0B
Q2 24
$533.1M
$1.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
BAND
BAND
Operating Cash FlowLast quarter
$-2.4M
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
BAND
BAND
Q1 26
Q4 25
$-2.4M
$38.6M
Q3 25
$-23.9M
$22.2M
Q2 25
$61.6M
$31.7M
Q1 25
$-48.8M
$-3.1M
Q4 24
$55.8M
$36.5M
Q3 24
$69.6M
$20.5M
Q2 24
$45.7M
$24.4M
Free Cash Flow
AAMI
AAMI
BAND
BAND
Q1 26
$-1.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
AAMI
AAMI
BAND
BAND
Q1 26
-0.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
AAMI
AAMI
BAND
BAND
Q1 26
Q4 25
-0.07×
Q3 25
-1.58×
Q2 25
6.10×
Q1 25
-2.43×
Q4 24
1.31×
Q3 24
4.12×
49.55×
Q2 24
4.15×
6.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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