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Side-by-side financial comparison of Bandwidth Inc. (BAND) and EQUITY LIFESTYLE PROPERTIES INC (ELS). Click either name above to swap in a different company.
EQUITY LIFESTYLE PROPERTIES INC is the larger business by last-quarter revenue ($397.6M vs $207.7M, roughly 1.9× Bandwidth Inc.). On growth, EQUITY LIFESTYLE PROPERTIES INC posted the faster year-over-year revenue change (2.7% vs -1.1%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (10.2% CAGR vs 2.3%).
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.
Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.
BAND vs ELS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $207.7M | $397.6M |
| Net Profit | — | — |
| Gross Margin | 37.6% | — |
| Operating Margin | -1.9% | — |
| Net Margin | — | — |
| Revenue YoY | -1.1% | 2.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.10 | $0.56 |
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 | — | $397.6M | ||
| Q4 25 | $207.7M | $373.9M | ||
| Q3 25 | $191.9M | $393.3M | ||
| Q2 25 | $180.0M | $376.9M | ||
| Q1 25 | $174.2M | $387.3M | ||
| Q4 24 | $210.0M | $372.3M | ||
| Q3 24 | $193.9M | $387.3M | ||
| Q2 24 | $173.6M | $380.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $103.8M | ||
| Q3 25 | $-1.2M | $100.4M | ||
| Q2 25 | $-4.9M | $83.5M | ||
| Q1 25 | $-3.7M | $114.4M | ||
| Q4 24 | — | $100.6M | ||
| Q3 24 | $413.0K | $86.9M | ||
| Q2 24 | $4.1M | $82.1M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| Q4 25 | -1.9% | 26.5% | ||
| Q3 25 | -1.0% | 25.1% | ||
| Q2 25 | -2.1% | 22.3% | ||
| Q1 25 | -2.7% | 28.3% | ||
| Q4 24 | -1.3% | 27.2% | ||
| Q3 24 | -0.5% | 21.4% | ||
| Q2 24 | -3.5% | 21.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 27.8% | ||
| Q3 25 | -0.6% | 25.5% | ||
| Q2 25 | -2.7% | 22.2% | ||
| Q1 25 | -2.1% | 29.5% | ||
| Q4 24 | — | 27.0% | ||
| Q3 24 | 0.2% | 22.4% | ||
| Q2 24 | 2.3% | 21.6% |
| Q1 26 | — | $0.56 | ||
| Q4 25 | $-0.10 | $0.52 | ||
| Q3 25 | $-0.04 | $0.50 | ||
| Q2 25 | $-0.16 | $0.42 | ||
| Q1 25 | $-0.13 | $0.57 | ||
| Q4 24 | $0.27 | $0.51 | ||
| Q3 24 | $0.01 | $0.44 | ||
| Q2 24 | $-0.17 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.3M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $400.0M | $1.8B |
| Total Assets | $1.1B | $5.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $400.0M | $1.8B | ||
| Q3 25 | $392.7M | $1.8B | ||
| Q2 25 | $384.5M | $1.7B | ||
| Q1 25 | $345.4M | $1.7B | ||
| Q4 24 | $312.5M | $1.7B | ||
| Q3 24 | $336.6M | $1.4B | ||
| Q2 24 | $307.4M | $1.4B |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $1.1B | $5.7B | ||
| Q3 25 | $1.0B | $5.7B | ||
| Q2 25 | $1.0B | $5.7B | ||
| Q1 25 | $964.4M | $5.6B | ||
| Q4 24 | $989.2M | $5.6B | ||
| Q3 24 | $1.0B | $5.6B | ||
| Q2 24 | $1.0B | $5.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.91× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.84× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $38.6M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $571.1M | ||
| Q3 25 | $22.2M | $147.0M | ||
| Q2 25 | $31.7M | $131.3M | ||
| Q1 25 | $-3.1M | $193.4M | ||
| Q4 24 | $36.5M | $596.7M | ||
| Q3 24 | $20.5M | $149.5M | ||
| Q2 24 | $24.4M | $143.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $334.1M | ||
| Q3 25 | — | $75.7M | ||
| Q2 25 | — | $71.8M | ||
| Q1 25 | — | $148.2M | ||
| Q4 24 | — | $355.4M | ||
| Q3 24 | — | $91.1M | ||
| Q2 24 | — | $80.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 89.4% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 38.3% | ||
| Q4 24 | — | 95.5% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 21.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 63.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 64.8% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 16.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.50× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | — | 5.93× | ||
| Q3 24 | 49.55× | 1.72× | ||
| Q2 24 | 6.03× | 1.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
| Messaging Surcharges | $192.4M | 93% |
| Other | $15.2M | 7% |
ELS
| Rental income | $339.0M | 85% |
| Other | $37.2M | 9% |
| Annual membership subscriptions | $18.3M | 5% |
| Membership upgrade revenue | $3.1M | 1% |
