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Side-by-side financial comparison of Bandwidth Inc. (BAND) and California Resources Corp (CRC). Click either name above to swap in a different company.

Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $119.0M, roughly 1.8× California Resources Corp). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-32.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -46.3%).

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.

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

BAND vs CRC — Head-to-Head

Bigger by revenue
BAND
BAND
1.8× larger
BAND
$208.8M
$119.0M
CRC
More free cash flow
BAND
BAND
$31.0M more FCF
BAND
$-1.0M
$-32.0M
CRC
Faster 2-yr revenue CAGR
BAND
BAND
Annualised
BAND
9.7%
-46.3%
CRC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BAND
BAND
CRC
CRC
Revenue
$208.8M
$119.0M
Net Profit
$4.0M
Gross Margin
37.3%
Operating Margin
60.5%
-597.5%
Net Margin
1.9%
Revenue YoY
20.1%
Net Profit YoY
200.0%
EPS (diluted)
$-0.08
$-8.02

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
CRC
CRC
Q1 26
$208.8M
$119.0M
Q4 25
$207.7M
$679.0M
Q3 25
$191.9M
$715.0M
Q2 25
$180.0M
$702.0M
Q1 25
$174.2M
$814.0M
Q4 24
$210.0M
$826.0M
Q3 24
$193.9M
$870.0M
Q2 24
$173.6M
$412.0M
Net Profit
BAND
BAND
CRC
CRC
Q1 26
$4.0M
Q4 25
$12.0M
Q3 25
$-1.2M
$64.0M
Q2 25
$-4.9M
$172.0M
Q1 25
$-3.7M
$115.0M
Q4 24
$33.0M
Q3 24
$413.0K
$345.0M
Q2 24
$4.1M
$8.0M
Gross Margin
BAND
BAND
CRC
CRC
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
CRC
CRC
Q1 26
60.5%
-597.5%
Q4 25
-1.9%
6.9%
Q3 25
-1.0%
13.7%
Q2 25
-2.1%
38.0%
Q1 25
-2.7%
22.9%
Q4 24
-1.3%
8.2%
Q3 24
-0.5%
59.5%
Q2 24
-3.5%
9.2%
Net Margin
BAND
BAND
CRC
CRC
Q1 26
1.9%
Q4 25
1.8%
Q3 25
-0.6%
9.0%
Q2 25
-2.7%
24.5%
Q1 25
-2.1%
14.1%
Q4 24
4.0%
Q3 24
0.2%
39.7%
Q2 24
2.3%
1.9%
EPS (diluted)
BAND
BAND
CRC
CRC
Q1 26
$-0.08
$-8.02
Q4 25
$-0.10
$0.21
Q3 25
$-0.04
$0.76
Q2 25
$-0.16
$1.92
Q1 25
$-0.13
$1.26
Q4 24
$0.27
$0.87
Q3 24
$0.01
$3.78
Q2 24
$-0.17
$0.11

Balance Sheet & Financial Strength

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

Metric
BAND
BAND
CRC
CRC
Cash + ST InvestmentsLiquidity on hand
$47.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.7M
$2.9B
Total Assets
$984.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
CRC
CRC
Q1 26
$47.3M
Q4 25
$111.3M
$132.0M
Q3 25
$80.4M
$196.0M
Q2 25
$68.1M
$72.0M
Q1 25
$41.7M
$214.0M
Q4 24
$83.8M
$372.0M
Q3 24
$79.9M
$241.0M
Q2 24
$76.4M
$1.0B
Total Debt
BAND
BAND
CRC
CRC
Q1 26
Q4 25
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
BAND
BAND
CRC
CRC
Q1 26
$405.7M
$2.9B
Q4 25
$400.0M
$3.7B
Q3 25
$392.7M
$3.4B
Q2 25
$384.5M
$3.4B
Q1 25
$345.4M
$3.5B
Q4 24
$312.5M
$3.5B
Q3 24
$336.6M
$3.5B
Q2 24
$307.4M
$2.1B
Total Assets
BAND
BAND
CRC
CRC
Q1 26
$984.2M
Q4 25
$1.1B
$7.4B
Q3 25
$1.0B
$6.8B
Q2 25
$1.0B
$6.7B
Q1 25
$964.4M
$6.8B
Q4 24
$989.2M
$7.1B
Q3 24
$1.0B
$7.1B
Q2 24
$1.0B
$4.5B
Debt / Equity
BAND
BAND
CRC
CRC
Q1 26
Q4 25
Q3 25
0.29×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.57×

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
CRC
CRC
Operating Cash FlowLast quarter
$99.0M
Free Cash FlowOCF − Capex
$-1.0M
$-32.0M
FCF MarginFCF / Revenue
-0.5%
-26.9%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$380.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
CRC
CRC
Q1 26
$99.0M
Q4 25
$38.6M
$235.0M
Q3 25
$22.2M
$279.0M
Q2 25
$31.7M
$165.0M
Q1 25
$-3.1M
$186.0M
Q4 24
$36.5M
$206.0M
Q3 24
$20.5M
$220.0M
Q2 24
$24.4M
$97.0M
Free Cash Flow
BAND
BAND
CRC
CRC
Q1 26
$-1.0M
$-32.0M
Q4 25
$115.0M
Q3 25
$188.0M
Q2 25
$109.0M
Q1 25
$131.0M
Q4 24
$118.0M
Q3 24
$141.0M
Q2 24
$63.0M
FCF Margin
BAND
BAND
CRC
CRC
Q1 26
-0.5%
-26.9%
Q4 25
16.9%
Q3 25
26.3%
Q2 25
15.5%
Q1 25
16.1%
Q4 24
14.3%
Q3 24
16.2%
Q2 24
15.3%
Capex Intensity
BAND
BAND
CRC
CRC
Q1 26
Q4 25
17.7%
Q3 25
12.7%
Q2 25
8.0%
Q1 25
6.8%
Q4 24
10.7%
Q3 24
9.1%
Q2 24
8.3%
Cash Conversion
BAND
BAND
CRC
CRC
Q1 26
Q4 25
19.58×
Q3 25
4.36×
Q2 25
0.96×
Q1 25
1.62×
Q4 24
6.24×
Q3 24
49.55×
0.64×
Q2 24
6.03×
12.13×

Financial Flow Comparison

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

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