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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Bowman Consulting Group Ltd. (BWMN). Click either name above to swap in a different company.

Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $129.0M, roughly 1.6× Bowman Consulting Group Ltd.). Bandwidth Inc. runs the higher net margin — 1.9% vs 1.5%, a 0.4% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 13.9%). Bowman Consulting Group Ltd. produced more free cash flow last quarter ($8.1M vs $-1.0M). Over the past eight quarters, Bowman Consulting Group Ltd.'s revenue compounded faster (16.6% CAGR vs 9.7%).

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.

SLR Consulting is a privately owned international sustainability consultancy with offices in Europe, North America, South America, Australasia, and Africa. In 2019, it reported revenues of £150.8 million. Its purpose is ‘Making Sustainability Happen’, which it achieves through its global team of expert advisors and technicians, who partner with clients to tackle some of the world’s most complex sustainability challenges. Its ultimate owner is Solar Holdings Topco Limited.

BAND vs BWMN — Head-to-Head

Bigger by revenue
BAND
BAND
1.6× larger
BAND
$208.8M
$129.0M
BWMN
Growing faster (revenue YoY)
BAND
BAND
+6.2% gap
BAND
20.1%
13.9%
BWMN
Higher net margin
BAND
BAND
0.4% more per $
BAND
1.9%
1.5%
BWMN
More free cash flow
BWMN
BWMN
$9.1M more FCF
BWMN
$8.1M
$-1.0M
BAND
Faster 2-yr revenue CAGR
BWMN
BWMN
Annualised
BWMN
16.6%
9.7%
BAND

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAND
BAND
BWMN
BWMN
Revenue
$208.8M
$129.0M
Net Profit
$4.0M
$2.0M
Gross Margin
37.3%
55.0%
Operating Margin
60.5%
3.2%
Net Margin
1.9%
1.5%
Revenue YoY
20.1%
13.9%
Net Profit YoY
200.0%
-66.7%
EPS (diluted)
$-0.08
$0.13

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
BWMN
BWMN
Q1 26
$208.8M
Q4 25
$207.7M
$129.0M
Q3 25
$191.9M
$126.0M
Q2 25
$180.0M
$122.1M
Q1 25
$174.2M
$112.9M
Q4 24
$210.0M
$113.2M
Q3 24
$193.9M
$113.9M
Q2 24
$173.6M
$104.5M
Net Profit
BAND
BAND
BWMN
BWMN
Q1 26
$4.0M
Q4 25
$2.0M
Q3 25
$-1.2M
$6.6M
Q2 25
$-4.9M
$6.0M
Q1 25
$-3.7M
$-1.7M
Q4 24
$5.9M
Q3 24
$413.0K
$771.0K
Q2 24
$4.1M
$-2.1M
Gross Margin
BAND
BAND
BWMN
BWMN
Q1 26
37.3%
Q4 25
37.6%
55.0%
Q3 25
38.5%
53.1%
Q2 25
39.8%
53.7%
Q1 25
41.0%
51.4%
Q4 24
36.4%
53.2%
Q3 24
37.7%
52.4%
Q2 24
37.3%
52.5%
Operating Margin
BAND
BAND
BWMN
BWMN
Q1 26
60.5%
Q4 25
-1.9%
3.2%
Q3 25
-1.0%
4.2%
Q2 25
-2.1%
7.4%
Q1 25
-2.7%
1.0%
Q4 24
-1.3%
1.2%
Q3 24
-0.5%
0.4%
Q2 24
-3.5%
-1.2%
Net Margin
BAND
BAND
BWMN
BWMN
Q1 26
1.9%
Q4 25
1.5%
Q3 25
-0.6%
5.3%
Q2 25
-2.7%
4.9%
Q1 25
-2.1%
-1.5%
Q4 24
5.2%
Q3 24
0.2%
0.7%
Q2 24
2.3%
-2.0%
EPS (diluted)
BAND
BAND
BWMN
BWMN
Q1 26
$-0.08
Q4 25
$-0.10
$0.13
Q3 25
$-0.04
$0.37
Q2 25
$-0.16
$0.34
Q1 25
$-0.13
$-0.11
Q4 24
$0.27
$0.37
Q3 24
$0.01
$0.04
Q2 24
$-0.17
$-0.13

Balance Sheet & Financial Strength

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

Metric
BAND
BAND
BWMN
BWMN
Cash + ST InvestmentsLiquidity on hand
$47.3M
$11.1M
Total DebtLower is stronger
$57.6M
Stockholders' EquityBook value
$405.7M
$261.1M
Total Assets
$984.2M
$579.7M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
BWMN
BWMN
Q1 26
$47.3M
Q4 25
$111.3M
$11.1M
Q3 25
$80.4M
$16.2M
Q2 25
$68.1M
$15.5M
Q1 25
$41.7M
$10.7M
Q4 24
$83.8M
$6.7M
Q3 24
$79.9M
$11.7M
Q2 24
$76.4M
$23.1M
Total Debt
BAND
BAND
BWMN
BWMN
Q1 26
Q4 25
$57.6M
Q3 25
$29.8M
Q2 25
$32.0M
Q1 25
$36.4M
Q4 24
$38.1M
Q3 24
$36.4M
Q2 24
$38.8M
Stockholders' Equity
BAND
BAND
BWMN
BWMN
Q1 26
$405.7M
Q4 25
$400.0M
$261.1M
Q3 25
$392.7M
$261.8M
Q2 25
$384.5M
$249.6M
Q1 25
$345.4M
$244.1M
Q4 24
$312.5M
$246.1M
Q3 24
$336.6M
$243.2M
Q2 24
$307.4M
$235.6M
Total Assets
BAND
BAND
BWMN
BWMN
Q1 26
$984.2M
Q4 25
$1.1B
$579.7M
Q3 25
$1.0B
$510.2M
Q2 25
$1.0B
$538.2M
Q1 25
$964.4M
$528.7M
Q4 24
$989.2M
$505.9M
Q3 24
$1.0B
$497.0M
Q2 24
$1.0B
$463.4M
Debt / Equity
BAND
BAND
BWMN
BWMN
Q1 26
Q4 25
0.22×
Q3 25
0.11×
Q2 25
0.13×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.15×
Q2 24
0.16×

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
BWMN
BWMN
Operating Cash FlowLast quarter
$9.4M
Free Cash FlowOCF − Capex
$-1.0M
$8.1M
FCF MarginFCF / Revenue
-0.5%
6.3%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
4.76×
TTM Free Cash FlowTrailing 4 quarters
$33.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
BWMN
BWMN
Q1 26
Q4 25
$38.6M
$9.4M
Q3 25
$22.2M
$10.2M
Q2 25
$31.7M
$4.3M
Q1 25
$-3.1M
$12.0M
Q4 24
$36.5M
$11.9M
Q3 24
$20.5M
$6.8M
Q2 24
$24.4M
$3.1M
Free Cash Flow
BAND
BAND
BWMN
BWMN
Q1 26
$-1.0M
Q4 25
$8.1M
Q3 25
$10.1M
Q2 25
$4.2M
Q1 25
$11.0M
Q4 24
$11.7M
Q3 24
$6.6M
Q2 24
$2.7M
FCF Margin
BAND
BAND
BWMN
BWMN
Q1 26
-0.5%
Q4 25
6.3%
Q3 25
8.0%
Q2 25
3.4%
Q1 25
9.7%
Q4 24
10.4%
Q3 24
5.8%
Q2 24
2.6%
Capex Intensity
BAND
BAND
BWMN
BWMN
Q1 26
Q4 25
0.9%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.9%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.3%
Cash Conversion
BAND
BAND
BWMN
BWMN
Q1 26
Q4 25
4.76×
Q3 25
1.54×
Q2 25
0.71×
Q1 25
Q4 24
2.02×
Q3 24
49.55×
8.81×
Q2 24
6.03×

Financial Flow Comparison

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

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