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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Braemar Hotels & Resorts Inc. (BHR). Click either name above to swap in a different company.

Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $165.6M, roughly 1.3× Braemar Hotels & Resorts Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs -20.3%, a 22.2% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -4.5%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-37.1M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -13.1%).

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.

Braemar Hotels & Resorts Inc. is a publicly traded real estate investment trust focused on owning and operating premium luxury hotel and resort properties primarily across the United States. It caters to upscale leisure travelers, corporate event planners, and premium business guests, generating revenue via accommodation bookings, on-site amenities, and event hosting.

BAND vs BHR — Head-to-Head

Bigger by revenue
BAND
BAND
1.3× larger
BAND
$208.8M
$165.6M
BHR
Growing faster (revenue YoY)
BAND
BAND
+24.6% gap
BAND
20.1%
-4.5%
BHR
Higher net margin
BAND
BAND
22.2% more per $
BAND
1.9%
-20.3%
BHR
More free cash flow
BAND
BAND
$36.1M more FCF
BAND
$-1.0M
$-37.1M
BHR
Faster 2-yr revenue CAGR
BAND
BAND
Annualised
BAND
9.7%
-13.1%
BHR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAND
BAND
BHR
BHR
Revenue
$208.8M
$165.6M
Net Profit
$4.0M
$-33.6M
Gross Margin
37.3%
Operating Margin
60.5%
-7.3%
Net Margin
1.9%
-20.3%
Revenue YoY
20.1%
-4.5%
Net Profit YoY
200.0%
-80.1%
EPS (diluted)
$-0.08
$-0.67

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
BAND
BAND
BHR
BHR
Q1 26
$208.8M
Q4 25
$207.7M
$165.6M
Q3 25
$191.9M
$143.6M
Q2 25
$180.0M
$179.1M
Q1 25
$174.2M
$215.8M
Q4 24
$210.0M
$173.3M
Q3 24
$193.9M
$148.4M
Q2 24
$173.6M
$187.6M
Net Profit
BAND
BAND
BHR
BHR
Q1 26
$4.0M
Q4 25
$-33.6M
Q3 25
$-1.2M
$5.7M
Q2 25
$-4.9M
$-5.5M
Q1 25
$-3.7M
$11.0M
Q4 24
$-18.7M
Q3 24
$413.0K
$12.6M
Q2 24
$4.1M
$-11.6M
Gross Margin
BAND
BAND
BHR
BHR
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
BAND
BAND
BHR
BHR
Q1 26
60.5%
Q4 25
-1.9%
-7.3%
Q3 25
-1.0%
20.8%
Q2 25
-2.1%
10.0%
Q1 25
-2.7%
17.0%
Q4 24
-1.3%
2.2%
Q3 24
-0.5%
47.4%
Q2 24
-3.5%
6.5%
Net Margin
BAND
BAND
BHR
BHR
Q1 26
1.9%
Q4 25
-20.3%
Q3 25
-0.6%
4.0%
Q2 25
-2.7%
-3.1%
Q1 25
-2.1%
5.1%
Q4 24
-10.8%
Q3 24
0.2%
8.5%
Q2 24
2.3%
-6.2%
EPS (diluted)
BAND
BAND
BHR
BHR
Q1 26
$-0.08
Q4 25
$-0.10
$-0.67
Q3 25
$-0.04
$-0.12
Q2 25
$-0.16
$-0.24
Q1 25
$-0.13
$-0.04
Q4 24
$0.27
$-0.47
Q3 24
$0.01
$-0.02
Q2 24
$-0.17
$-0.33

Balance Sheet & Financial Strength

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

Metric
BAND
BAND
BHR
BHR
Cash + ST InvestmentsLiquidity on hand
$47.3M
$124.4M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$405.7M
$138.7M
Total Assets
$984.2M
$1.9B
Debt / EquityLower = less leverage
7.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
BHR
BHR
Q1 26
$47.3M
Q4 25
$111.3M
$124.4M
Q3 25
$80.4M
$116.3M
Q2 25
$68.1M
$80.2M
Q1 25
$41.7M
$81.7M
Q4 24
$83.8M
$135.5M
Q3 24
$79.9M
$168.7M
Q2 24
$76.4M
$114.6M
Total Debt
BAND
BAND
BHR
BHR
Q1 26
Q4 25
$1.1B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.1B
Stockholders' Equity
BAND
BAND
BHR
BHR
Q1 26
$405.7M
Q4 25
$400.0M
$138.7M
Q3 25
$392.7M
$211.9M
Q2 25
$384.5M
$225.1M
Q1 25
$345.4M
$238.9M
Q4 24
$312.5M
$240.7M
Q3 24
$336.6M
$276.9M
Q2 24
$307.4M
$282.3M
Total Assets
BAND
BAND
BHR
BHR
Q1 26
$984.2M
Q4 25
$1.1B
$1.9B
Q3 25
$1.0B
$2.0B
Q2 25
$1.0B
$2.1B
Q1 25
$964.4M
$2.1B
Q4 24
$989.2M
$2.1B
Q3 24
$1.0B
$2.2B
Q2 24
$1.0B
$2.2B
Debt / Equity
BAND
BAND
BHR
BHR
Q1 26
Q4 25
7.96×
Q3 25
5.50×
Q2 25
5.38×
Q1 25
5.03×
Q4 24
5.03×
Q3 24
4.36×
Q2 24
4.00×

Cash Flow & Capital Efficiency

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

Metric
BAND
BAND
BHR
BHR
Operating Cash FlowLast quarter
$40.8M
Free Cash FlowOCF − Capex
$-1.0M
$-37.1M
FCF MarginFCF / Revenue
-0.5%
-22.4%
Capex IntensityCapex / Revenue
47.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-59.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
BHR
BHR
Q1 26
Q4 25
$38.6M
$40.8M
Q3 25
$22.2M
$-5.8M
Q2 25
$31.7M
$23.0M
Q1 25
$-3.1M
$15.1M
Q4 24
$36.5M
$66.8M
Q3 24
$20.5M
$9.0K
Q2 24
$24.4M
$24.1M
Free Cash Flow
BAND
BAND
BHR
BHR
Q1 26
$-1.0M
Q4 25
$-37.1M
Q3 25
$-27.3M
Q2 25
$5.3M
Q1 25
$-159.0K
Q4 24
$-3.8M
Q3 24
$-15.6M
Q2 24
$8.2M
FCF Margin
BAND
BAND
BHR
BHR
Q1 26
-0.5%
Q4 25
-22.4%
Q3 25
-19.0%
Q2 25
3.0%
Q1 25
-0.1%
Q4 24
-2.2%
Q3 24
-10.5%
Q2 24
4.4%
Capex Intensity
BAND
BAND
BHR
BHR
Q1 26
Q4 25
47.1%
Q3 25
15.0%
Q2 25
9.9%
Q1 25
7.1%
Q4 24
40.7%
Q3 24
10.5%
Q2 24
8.5%
Cash Conversion
BAND
BAND
BHR
BHR
Q1 26
Q4 25
Q3 25
-1.00×
Q2 25
Q1 25
1.38×
Q4 24
Q3 24
49.55×
0.00×
Q2 24
6.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BAND
BAND

Segment breakdown not available.

BHR
BHR

Occupancy$97.4M59%
Food And Beverage$45.5M28%
Hotel Other$22.6M14%

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