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Side-by-side financial comparison of Bandwidth Inc. (BAND) and CNA FINANCIAL CORP (CNA). Click either name above to swap in a different company.

CNA FINANCIAL CORP is the larger business by last-quarter revenue ($389.0M vs $208.8M, roughly 1.9× Bandwidth Inc.). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs 1.9%, a 75.7% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -2.0%). CNA FINANCIAL CORP produced more free cash flow last quarter ($542.0M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -2.2%).

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.

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

BAND vs CNA — Head-to-Head

Bigger by revenue
CNA
CNA
1.9× larger
CNA
$389.0M
$208.8M
BAND
Growing faster (revenue YoY)
BAND
BAND
+22.1% gap
BAND
20.1%
-2.0%
CNA
Higher net margin
CNA
CNA
75.7% more per $
CNA
77.6%
1.9%
BAND
More free cash flow
CNA
CNA
$543.0M more FCF
CNA
$542.0M
$-1.0M
BAND
Faster 2-yr revenue CAGR
BAND
BAND
Annualised
BAND
9.7%
-2.2%
CNA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAND
BAND
CNA
CNA
Revenue
$208.8M
$389.0M
Net Profit
$4.0M
$302.0M
Gross Margin
37.3%
Operating Margin
60.5%
97.2%
Net Margin
1.9%
77.6%
Revenue YoY
20.1%
-2.0%
Net Profit YoY
200.0%
1338.1%
EPS (diluted)
$-0.08
$1.11

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
CNA
CNA
Q1 26
$208.8M
Q4 25
$207.7M
$389.0M
Q3 25
$191.9M
$393.0M
Q2 25
$180.0M
$398.0M
Q1 25
$174.2M
$397.0M
Q4 24
$210.0M
$397.0M
Q3 24
$193.9M
$401.0M
Q2 24
$173.6M
$404.0M
Net Profit
BAND
BAND
CNA
CNA
Q1 26
$4.0M
Q4 25
$302.0M
Q3 25
$-1.2M
$403.0M
Q2 25
$-4.9M
$299.0M
Q1 25
$-3.7M
$274.0M
Q4 24
$21.0M
Q3 24
$413.0K
$283.0M
Q2 24
$4.1M
$317.0M
Gross Margin
BAND
BAND
CNA
CNA
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
CNA
CNA
Q1 26
60.5%
Q4 25
-1.9%
97.2%
Q3 25
-1.0%
Q2 25
-2.1%
95.5%
Q1 25
-2.7%
87.9%
Q4 24
-1.3%
5.3%
Q3 24
-0.5%
90.0%
Q2 24
-3.5%
99.5%
Net Margin
BAND
BAND
CNA
CNA
Q1 26
1.9%
Q4 25
77.6%
Q3 25
-0.6%
102.5%
Q2 25
-2.7%
75.1%
Q1 25
-2.1%
69.0%
Q4 24
5.3%
Q3 24
0.2%
70.6%
Q2 24
2.3%
78.5%
EPS (diluted)
BAND
BAND
CNA
CNA
Q1 26
$-0.08
Q4 25
$-0.10
$1.11
Q3 25
$-0.04
$1.48
Q2 25
$-0.16
$1.10
Q1 25
$-0.13
$1.00
Q4 24
$0.27
$0.07
Q3 24
$0.01
$1.04
Q2 24
$-0.17
$1.17

Balance Sheet & Financial Strength

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

Metric
BAND
BAND
CNA
CNA
Cash + ST InvestmentsLiquidity on hand
$47.3M
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$405.7M
$11.6B
Total Assets
$984.2M
$69.4B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
CNA
CNA
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
BAND
BAND
CNA
CNA
Q1 26
Q4 25
$3.0B
Q3 25
Q2 25
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Stockholders' Equity
BAND
BAND
CNA
CNA
Q1 26
$405.7M
Q4 25
$400.0M
$11.6B
Q3 25
$392.7M
$11.3B
Q2 25
$384.5M
$10.7B
Q1 25
$345.4M
$10.3B
Q4 24
$312.5M
$10.5B
Q3 24
$336.6M
$10.8B
Q2 24
$307.4M
$9.9B
Total Assets
BAND
BAND
CNA
CNA
Q1 26
$984.2M
Q4 25
$1.1B
$69.4B
Q3 25
$1.0B
$69.8B
Q2 25
$1.0B
$68.9B
Q1 25
$964.4M
$67.3B
Q4 24
$989.2M
$66.5B
Q3 24
$1.0B
$67.4B
Q2 24
$1.0B
$65.2B
Debt / Equity
BAND
BAND
CNA
CNA
Q1 26
Q4 25
0.26×
Q3 25
Q2 25
Q1 25
Q4 24
0.28×
Q3 24
Q2 24

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
CNA
CNA
Operating Cash FlowLast quarter
$570.0M
Free Cash FlowOCF − Capex
$-1.0M
$542.0M
FCF MarginFCF / Revenue
-0.5%
139.3%
Capex IntensityCapex / Revenue
7.2%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
CNA
CNA
Q1 26
Q4 25
$38.6M
$570.0M
Q3 25
$22.2M
$720.0M
Q2 25
$31.7M
$562.0M
Q1 25
$-3.1M
$638.0M
Q4 24
$36.5M
$703.0M
Q3 24
$20.5M
$748.0M
Q2 24
$24.4M
$616.0M
Free Cash Flow
BAND
BAND
CNA
CNA
Q1 26
$-1.0M
Q4 25
$542.0M
Q3 25
$704.0M
Q2 25
$538.0M
Q1 25
$620.0M
Q4 24
$665.0M
Q3 24
$730.0M
Q2 24
$597.0M
FCF Margin
BAND
BAND
CNA
CNA
Q1 26
-0.5%
Q4 25
139.3%
Q3 25
179.1%
Q2 25
135.2%
Q1 25
156.2%
Q4 24
167.5%
Q3 24
182.0%
Q2 24
147.8%
Capex Intensity
BAND
BAND
CNA
CNA
Q1 26
Q4 25
7.2%
Q3 25
4.1%
Q2 25
6.0%
Q1 25
4.5%
Q4 24
9.6%
Q3 24
4.5%
Q2 24
4.7%
Cash Conversion
BAND
BAND
CNA
CNA
Q1 26
Q4 25
1.89×
Q3 25
1.79×
Q2 25
1.88×
Q1 25
2.33×
Q4 24
33.48×
Q3 24
49.55×
2.64×
Q2 24
6.03×
1.94×

Financial Flow Comparison

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

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