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Side-by-side financial comparison of Bandwidth Inc. (BAND) and CRA INTERNATIONAL, INC. (CRAI). Click either name above to swap in a different company.

Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $197.0M, roughly 1.1× CRA INTERNATIONAL, INC.). CRA INTERNATIONAL, INC. runs the higher net margin — 6.7% vs 1.9%, a 4.8% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 11.6%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 7.1%).

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.

CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.

BAND vs CRAI — Head-to-Head

Bigger by revenue
BAND
BAND
1.1× larger
BAND
$208.8M
$197.0M
CRAI
Growing faster (revenue YoY)
BAND
BAND
+8.5% gap
BAND
20.1%
11.6%
CRAI
Higher net margin
CRAI
CRAI
4.8% more per $
CRAI
6.7%
1.9%
BAND
Faster 2-yr revenue CAGR
BAND
BAND
Annualised
BAND
9.7%
7.1%
CRAI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAND
BAND
CRAI
CRAI
Revenue
$208.8M
$197.0M
Net Profit
$4.0M
$13.2M
Gross Margin
37.3%
Operating Margin
60.5%
10.5%
Net Margin
1.9%
6.7%
Revenue YoY
20.1%
11.6%
Net Profit YoY
200.0%
-12.0%
EPS (diluted)
$-0.08
$1.99

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
CRAI
CRAI
Q1 26
$208.8M
Q4 25
$207.7M
$197.0M
Q3 25
$191.9M
$185.9M
Q2 25
$180.0M
$186.9M
Q1 25
$174.2M
$181.9M
Q4 24
$210.0M
$176.4M
Q3 24
$193.9M
$167.7M
Q2 24
$173.6M
$171.4M
Net Profit
BAND
BAND
CRAI
CRAI
Q1 26
$4.0M
Q4 25
$13.2M
Q3 25
$-1.2M
$11.5M
Q2 25
$-4.9M
$12.1M
Q1 25
$-3.7M
$18.0M
Q4 24
$15.0M
Q3 24
$413.0K
$11.4M
Q2 24
$4.1M
$6.5M
Gross Margin
BAND
BAND
CRAI
CRAI
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
CRAI
CRAI
Q1 26
60.5%
Q4 25
-1.9%
10.5%
Q3 25
-1.0%
9.3%
Q2 25
-2.1%
10.6%
Q1 25
-2.7%
14.0%
Q4 24
-1.3%
12.2%
Q3 24
-0.5%
11.0%
Q2 24
-3.5%
6.6%
Net Margin
BAND
BAND
CRAI
CRAI
Q1 26
1.9%
Q4 25
6.7%
Q3 25
-0.6%
6.2%
Q2 25
-2.7%
6.5%
Q1 25
-2.1%
9.9%
Q4 24
8.5%
Q3 24
0.2%
6.8%
Q2 24
2.3%
3.8%
EPS (diluted)
BAND
BAND
CRAI
CRAI
Q1 26
$-0.08
Q4 25
$-0.10
$1.99
Q3 25
$-0.04
Q2 25
$-0.16
Q1 25
$-0.13
Q4 24
$0.27
Q3 24
$0.01
Q2 24
$-0.17

Balance Sheet & Financial Strength

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

Metric
BAND
BAND
CRAI
CRAI
Cash + ST InvestmentsLiquidity on hand
$47.3M
$18.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.7M
$213.6M
Total Assets
$984.2M
$628.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
CRAI
CRAI
Q1 26
$47.3M
Q4 25
$111.3M
$18.2M
Q3 25
$80.4M
$22.5M
Q2 25
$68.1M
$19.4M
Q1 25
$41.7M
$25.6M
Q4 24
$83.8M
$26.7M
Q3 24
$79.9M
$24.5M
Q2 24
$76.4M
$24.6M
Stockholders' Equity
BAND
BAND
CRAI
CRAI
Q1 26
$405.7M
Q4 25
$400.0M
$213.6M
Q3 25
$392.7M
$201.7M
Q2 25
$384.5M
$197.0M
Q1 25
$345.4M
$227.3M
Q4 24
$312.5M
$212.1M
Q3 24
$336.6M
$204.5M
Q2 24
$307.4M
$191.7M
Total Assets
BAND
BAND
CRAI
CRAI
Q1 26
$984.2M
Q4 25
$1.1B
$628.9M
Q3 25
$1.0B
$629.0M
Q2 25
$1.0B
$606.8M
Q1 25
$964.4M
$590.4M
Q4 24
$989.2M
$571.4M
Q3 24
$1.0B
$582.3M
Q2 24
$1.0B
$546.0M

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
CRAI
CRAI
Operating Cash FlowLast quarter
$22.4M
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
CRAI
CRAI
Q1 26
Q4 25
$38.6M
$22.4M
Q3 25
$22.2M
$36.5M
Q2 25
$31.7M
$5.9M
Q1 25
$-3.1M
$-80.0M
Q4 24
$36.5M
$79.4M
Q3 24
$20.5M
$31.6M
Q2 24
$24.4M
$1.8M
Free Cash Flow
BAND
BAND
CRAI
CRAI
Q1 26
$-1.0M
Q4 25
Q3 25
$35.9M
Q2 25
$4.7M
Q1 25
$-81.0M
Q4 24
$68.8M
Q3 24
$28.6M
Q2 24
$-509.0K
FCF Margin
BAND
BAND
CRAI
CRAI
Q1 26
-0.5%
Q4 25
Q3 25
19.3%
Q2 25
2.5%
Q1 25
-44.5%
Q4 24
39.0%
Q3 24
17.0%
Q2 24
-0.3%
Capex Intensity
BAND
BAND
CRAI
CRAI
Q1 26
Q4 25
Q3 25
0.3%
Q2 25
0.6%
Q1 25
0.5%
Q4 24
6.0%
Q3 24
1.8%
Q2 24
1.4%
Cash Conversion
BAND
BAND
CRAI
CRAI
Q1 26
Q4 25
1.70×
Q3 25
3.19×
Q2 25
0.48×
Q1 25
-4.44×
Q4 24
5.30×
Q3 24
49.55×
2.76×
Q2 24
6.03×
0.28×

Financial Flow Comparison

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

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