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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Essent Group Ltd. (ESNT). Click either name above to swap in a different company.
Essent Group Ltd. is the larger business by last-quarter revenue ($312.4M vs $208.8M, roughly 1.5× Bandwidth Inc.). Essent Group Ltd. runs the higher net margin — 49.6% vs 1.9%, a 47.7% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -0.8%). Essent Group Ltd. produced more free cash flow last quarter ($848.7M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% 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.
Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Kidlington, Oxfordshire. It is listed on the London Stock Exchange.
BAND vs ESNT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $312.4M |
| Net Profit | $4.0M | $155.0M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 59.1% |
| Net Margin | 1.9% | 49.6% |
| Revenue YoY | 20.1% | -0.8% |
| Net Profit YoY | 200.0% | -7.7% |
| EPS (diluted) | $-0.08 | $1.61 |
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 | $312.4M | ||
| Q3 25 | $191.9M | $311.8M | ||
| Q2 25 | $180.0M | $319.1M | ||
| Q1 25 | $174.2M | $317.6M | ||
| Q4 24 | $210.0M | $315.0M | ||
| Q3 24 | $193.9M | $316.6M | ||
| Q2 24 | $173.6M | $312.9M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $155.0M | ||
| Q3 25 | $-1.2M | $164.2M | ||
| Q2 25 | $-4.9M | $195.3M | ||
| Q1 25 | $-3.7M | $175.4M | ||
| Q4 24 | — | $167.9M | ||
| Q3 24 | $413.0K | $176.2M | ||
| Q2 24 | $4.1M | $203.6M |
| 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% | 59.1% | ||
| Q3 25 | -1.0% | 63.9% | ||
| Q2 25 | -2.1% | 72.4% | ||
| Q1 25 | -2.7% | 65.2% | ||
| Q4 24 | -1.3% | 61.9% | ||
| Q3 24 | -0.5% | 65.6% | ||
| Q2 24 | -3.5% | 76.4% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 49.6% | ||
| Q3 25 | -0.6% | 52.7% | ||
| Q2 25 | -2.7% | 61.2% | ||
| Q1 25 | -2.1% | 55.2% | ||
| Q4 24 | — | 53.3% | ||
| Q3 24 | 0.2% | 55.6% | ||
| Q2 24 | 2.3% | 65.1% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $1.61 | ||
| Q3 25 | $-0.04 | $1.67 | ||
| Q2 25 | $-0.16 | $1.93 | ||
| Q1 25 | $-0.13 | $1.69 | ||
| Q4 24 | $0.27 | $1.59 | ||
| Q3 24 | $0.01 | $1.65 | ||
| Q2 24 | $-0.17 | $1.91 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $5.8B |
| Total Assets | $984.2M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| 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 | $405.7M | — | ||
| Q4 25 | $400.0M | $5.8B | ||
| Q3 25 | $392.7M | $5.7B | ||
| Q2 25 | $384.5M | $5.7B | ||
| Q1 25 | $345.4M | $5.7B | ||
| Q4 24 | $312.5M | $5.6B | ||
| Q3 24 | $336.6M | $5.6B | ||
| Q2 24 | $307.4M | $5.4B |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $7.4B | ||
| Q3 25 | $1.0B | $7.4B | ||
| Q2 25 | $1.0B | $7.2B | ||
| Q1 25 | $964.4M | $7.2B | ||
| Q4 24 | $989.2M | $7.1B | ||
| Q3 24 | $1.0B | $7.1B | ||
| Q2 24 | $1.0B | $6.7B |
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 | — | $856.1M |
| Free Cash FlowOCF − Capex | $-1.0M | $848.7M |
| FCF MarginFCF / Revenue | -0.5% | 271.7% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 5.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $856.1M | ||
| Q3 25 | $22.2M | $215.9M | ||
| Q2 25 | $31.7M | $189.5M | ||
| Q1 25 | $-3.1M | $221.6M | ||
| Q4 24 | $36.5M | $861.5M | ||
| Q3 24 | $20.5M | $229.2M | ||
| Q2 24 | $24.4M | $188.7M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $848.7M | ||
| Q3 25 | — | $210.6M | ||
| Q2 25 | — | $188.8M | ||
| Q1 25 | — | $221.3M | ||
| Q4 24 | — | $854.8M | ||
| Q3 24 | — | $228.7M | ||
| Q2 24 | — | $187.6M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 271.7% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 59.2% | ||
| Q1 25 | — | 69.7% | ||
| Q4 24 | — | 271.3% | ||
| Q3 24 | — | 72.2% | ||
| Q2 24 | — | 60.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.52× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 5.13× | ||
| Q3 24 | 49.55× | 1.30× | ||
| Q2 24 | 6.03× | 0.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
ESNT
| Mortgage Insurance Segment | $192.4M | 62% |
| Other | $120.0M | 38% |
