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Side-by-side financial comparison of Bandwidth Inc. (BAND) and CareTrust REIT, Inc. (CTRE). Click either name above to swap in a different company.

Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $134.9M, roughly 1.5× CareTrust REIT, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 1.9%, a 80.6% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 20.1%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% 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.

Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

BAND vs CTRE — Head-to-Head

Bigger by revenue
BAND
BAND
1.5× larger
BAND
$208.8M
$134.9M
CTRE
Growing faster (revenue YoY)
CTRE
CTRE
+35.0% gap
CTRE
55.1%
20.1%
BAND
Higher net margin
CTRE
CTRE
80.6% more per $
CTRE
82.5%
1.9%
BAND
Faster 2-yr revenue CAGR
CTRE
CTRE
Annualised
CTRE
46.2%
9.7%
BAND

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAND
BAND
CTRE
CTRE
Revenue
$208.8M
$134.9M
Net Profit
$4.0M
$111.3M
Gross Margin
37.3%
Operating Margin
60.5%
Net Margin
1.9%
82.5%
Revenue YoY
20.1%
55.1%
Net Profit YoY
200.0%
113.5%
EPS (diluted)
$-0.08
$0.52

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
CTRE
CTRE
Q1 26
$208.8M
Q4 25
$207.7M
$134.9M
Q3 25
$191.9M
$132.4M
Q2 25
$180.0M
$112.5M
Q1 25
$174.2M
$96.6M
Q4 24
$210.0M
$86.9M
Q3 24
$193.9M
$77.4M
Q2 24
$173.6M
$68.9M
Net Profit
BAND
BAND
CTRE
CTRE
Q1 26
$4.0M
Q4 25
$111.3M
Q3 25
$-1.2M
$74.9M
Q2 25
$-4.9M
$68.5M
Q1 25
$-3.7M
$65.8M
Q4 24
$52.1M
Q3 24
$413.0K
$33.4M
Q2 24
$4.1M
$10.8M
Gross Margin
BAND
BAND
CTRE
CTRE
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
CTRE
CTRE
Q1 26
60.5%
Q4 25
-1.9%
Q3 25
-1.0%
58.1%
Q2 25
-2.1%
61.3%
Q1 25
-2.7%
Q4 24
-1.3%
Q3 24
-0.5%
43.0%
Q2 24
-3.5%
15.1%
Net Margin
BAND
BAND
CTRE
CTRE
Q1 26
1.9%
Q4 25
82.5%
Q3 25
-0.6%
56.6%
Q2 25
-2.7%
60.9%
Q1 25
-2.1%
68.1%
Q4 24
60.0%
Q3 24
0.2%
43.2%
Q2 24
2.3%
15.6%
EPS (diluted)
BAND
BAND
CTRE
CTRE
Q1 26
$-0.08
Q4 25
$-0.10
$0.52
Q3 25
$-0.04
$0.35
Q2 25
$-0.16
$0.35
Q1 25
$-0.13
$0.35
Q4 24
$0.27
$0.30
Q3 24
$0.01
$0.21
Q2 24
$-0.17
$0.07

Balance Sheet & Financial Strength

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

Metric
BAND
BAND
CTRE
CTRE
Cash + ST InvestmentsLiquidity on hand
$47.3M
$198.0M
Total DebtLower is stronger
$894.2M
Stockholders' EquityBook value
$405.7M
$4.0B
Total Assets
$984.2M
$5.1B
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
CTRE
CTRE
Q1 26
$47.3M
Q4 25
$111.3M
$198.0M
Q3 25
$80.4M
$712.5M
Q2 25
$68.1M
$306.1M
Q1 25
$41.7M
$26.5M
Q4 24
$83.8M
$213.8M
Q3 24
$79.9M
$377.1M
Q2 24
$76.4M
$495.1M
Total Debt
BAND
BAND
CTRE
CTRE
Q1 26
Q4 25
$894.2M
Q3 25
$893.8M
Q2 25
$1.2B
Q1 25
$822.1M
Q4 24
$396.9M
Q3 24
$396.7M
Q2 24
$671.1M
Stockholders' Equity
BAND
BAND
CTRE
CTRE
Q1 26
$405.7M
Q4 25
$400.0M
$4.0B
Q3 25
$392.7M
$4.0B
Q2 25
$384.5M
$3.3B
Q1 25
$345.4M
$2.9B
Q4 24
$312.5M
$2.9B
Q3 24
$336.6M
$2.4B
Q2 24
$307.4M
$1.9B
Total Assets
BAND
BAND
CTRE
CTRE
Q1 26
$984.2M
Q4 25
$1.1B
$5.1B
Q3 25
$1.0B
$5.1B
Q2 25
$1.0B
$4.7B
Q1 25
$964.4M
$3.9B
Q4 24
$989.2M
$3.4B
Q3 24
$1.0B
$2.9B
Q2 24
$1.0B
$2.7B
Debt / Equity
BAND
BAND
CTRE
CTRE
Q1 26
Q4 25
0.22×
Q3 25
0.22×
Q2 25
0.35×
Q1 25
0.28×
Q4 24
0.14×
Q3 24
0.16×
Q2 24
0.35×

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
CTRE
CTRE
Operating Cash FlowLast quarter
$394.0M
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
CTRE
CTRE
Q1 26
Q4 25
$38.6M
$394.0M
Q3 25
$22.2M
$100.9M
Q2 25
$31.7M
$100.8M
Q1 25
$-3.1M
$71.4M
Q4 24
$36.5M
$244.3M
Q3 24
$20.5M
$67.2M
Q2 24
$24.4M
$53.0M
Free Cash Flow
BAND
BAND
CTRE
CTRE
Q1 26
$-1.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
BAND
BAND
CTRE
CTRE
Q1 26
-0.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
BAND
BAND
CTRE
CTRE
Q1 26
Q4 25
3.54×
Q3 25
1.35×
Q2 25
1.47×
Q1 25
1.08×
Q4 24
4.68×
Q3 24
49.55×
2.01×
Q2 24
6.03×
4.92×

Financial Flow Comparison

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

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