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Side-by-side financial comparison of Bandwidth Inc. (BAND) and COHEN & STEERS, INC. (CNS). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $143.8M, roughly 1.5× COHEN & STEERS, INC.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs 1.9%, a 22.3% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 2.9%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-126.4M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 8.3%).
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.
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
BAND vs CNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $143.8M |
| Net Profit | $4.0M | $34.9M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 28.0% |
| Net Margin | 1.9% | 24.3% |
| Revenue YoY | 20.1% | 2.9% |
| Net Profit YoY | 200.0% | -23.9% |
| 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.
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $143.8M | ||
| Q3 25 | $191.9M | $141.7M | ||
| Q2 25 | $180.0M | $136.1M | ||
| Q1 25 | $174.2M | $134.5M | ||
| Q4 24 | $210.0M | $139.8M | ||
| Q3 24 | $193.9M | $133.2M | ||
| Q2 24 | $173.6M | $121.7M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $34.9M | ||
| Q3 25 | $-1.2M | $41.7M | ||
| Q2 25 | $-4.9M | $36.8M | ||
| Q1 25 | $-3.7M | $39.8M | ||
| Q4 24 | — | $45.8M | ||
| Q3 24 | $413.0K | $39.7M | ||
| Q2 24 | $4.1M | $31.8M |
| 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% | — |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 28.0% | ||
| Q3 25 | -1.0% | 34.5% | ||
| Q2 25 | -2.1% | 31.8% | ||
| Q1 25 | -2.7% | 33.6% | ||
| Q4 24 | -1.3% | 35.3% | ||
| Q3 24 | -0.5% | 33.7% | ||
| Q2 24 | -3.5% | 31.5% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | -0.6% | 29.4% | ||
| Q2 25 | -2.7% | 27.1% | ||
| Q1 25 | -2.1% | 29.6% | ||
| Q4 24 | — | 32.8% | ||
| Q3 24 | 0.2% | 29.8% | ||
| Q2 24 | 2.3% | 26.1% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.67 | ||
| Q3 25 | $-0.04 | $0.81 | ||
| Q2 25 | $-0.16 | $0.72 | ||
| Q1 25 | $-0.13 | $0.77 | ||
| Q4 24 | $0.27 | $0.89 | ||
| Q3 24 | $0.01 | $0.77 | ||
| Q2 24 | $-0.17 | $0.63 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $145.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $562.0M |
| Total Assets | $984.2M | $876.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $145.5M | ||
| Q3 25 | $80.4M | $98.1M | ||
| Q2 25 | $68.1M | $95.4M | ||
| Q1 25 | $41.7M | $65.2M | ||
| Q4 24 | $83.8M | $183.0M | ||
| Q3 24 | $79.9M | $106.5M | ||
| Q2 24 | $76.4M | $122.0M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $562.0M | ||
| Q3 25 | $392.7M | $550.3M | ||
| Q2 25 | $384.5M | $528.5M | ||
| Q1 25 | $345.4M | $507.7M | ||
| Q4 24 | $312.5M | $511.7M | ||
| Q3 24 | $336.6M | $491.0M | ||
| Q2 24 | $307.4M | $463.2M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $876.7M | ||
| Q3 25 | $1.0B | $801.6M | ||
| Q2 25 | $1.0B | $751.0M | ||
| Q1 25 | $964.4M | $834.9M | ||
| Q4 24 | $989.2M | $812.4M | ||
| Q3 24 | $1.0B | $727.8M | ||
| Q2 24 | $1.0B | $784.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-120.4M |
| Free Cash FlowOCF − Capex | $-1.0M | $-126.4M |
| FCF MarginFCF / Revenue | -0.5% | -87.9% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | — | -3.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-253.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $-120.4M | ||
| Q3 25 | $22.2M | $55.1M | ||
| Q2 25 | $31.7M | $-67.6M | ||
| Q1 25 | $-3.1M | $-108.9M | ||
| Q4 24 | $36.5M | $96.7M | ||
| Q3 24 | $20.5M | $25.6M | ||
| Q2 24 | $24.4M | $31.4M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-126.4M | ||
| Q3 25 | — | $52.6M | ||
| Q2 25 | — | $-69.8M | ||
| Q1 25 | — | $-110.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | — | $24.2M | ||
| Q2 24 | — | $27.1M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -87.9% | ||
| Q3 25 | — | 37.1% | ||
| Q2 25 | — | -51.3% | ||
| Q1 25 | — | -81.8% | ||
| Q4 24 | — | 60.8% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 22.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | -3.45× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | -1.84× | ||
| Q1 25 | — | -2.74× | ||
| Q4 24 | — | 2.11× | ||
| Q3 24 | 49.55× | 0.65× | ||
| Q2 24 | 6.03× | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
