vs
Side-by-side financial comparison of Bandwidth Inc. (BAND) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $207.7M, roughly 1.3× Bandwidth Inc.). On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -1.1%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (10.2% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
BAND vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $207.7M | $273.0M |
| Net Profit | — | $15.4M |
| Gross Margin | 37.6% | 20.1% |
| Operating Margin | -1.9% | 7.6% |
| Net Margin | — | 5.6% |
| Revenue YoY | -1.1% | 9.0% |
| Net Profit YoY | — | -6.7% |
| EPS (diluted) | $-0.10 | $0.30 |
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.
| Q4 25 | $207.7M | $273.0M | ||
| Q3 25 | $191.9M | $670.5M | ||
| Q2 25 | $180.0M | $390.5M | ||
| Q1 25 | $174.2M | $351.0M | ||
| Q4 24 | $210.0M | $250.4M | ||
| Q3 24 | $193.9M | $551.3M | ||
| Q2 24 | $173.6M | $318.4M | ||
| Q1 24 | $171.0M | $333.8M |
| Q4 25 | — | $15.4M | ||
| Q3 25 | $-1.2M | $86.9M | ||
| Q2 25 | $-4.9M | $32.9M | ||
| Q1 25 | $-3.7M | $31.6M | ||
| Q4 24 | — | $16.5M | ||
| Q3 24 | $413.0K | $81.5M | ||
| Q2 24 | $4.1M | $38.7M | ||
| Q1 24 | $-9.2M | $45.0M |
| Q4 25 | 37.6% | 20.1% | ||
| Q3 25 | 38.5% | 22.3% | ||
| Q2 25 | 39.8% | 20.4% | ||
| Q1 25 | 41.0% | 22.6% | ||
| Q4 24 | 36.4% | 22.0% | ||
| Q3 24 | 37.7% | 23.9% | ||
| Q2 24 | 37.3% | 22.5% | ||
| Q1 24 | 38.3% | 24.9% |
| Q4 25 | -1.9% | 7.6% | ||
| Q3 25 | -1.0% | 16.9% | ||
| Q2 25 | -2.1% | 11.2% | ||
| Q1 25 | -2.7% | 11.6% | ||
| Q4 24 | -1.3% | 8.7% | ||
| Q3 24 | -0.5% | 19.7% | ||
| Q2 24 | -3.5% | 16.2% | ||
| Q1 24 | -6.1% | 17.6% |
| Q4 25 | — | 5.6% | ||
| Q3 25 | -0.6% | 13.0% | ||
| Q2 25 | -2.7% | 8.4% | ||
| Q1 25 | -2.1% | 9.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 0.2% | 14.8% | ||
| Q2 24 | 2.3% | 12.2% | ||
| Q1 24 | -5.4% | 13.5% |
| Q4 25 | $-0.10 | $0.30 | ||
| Q3 25 | $-0.04 | $1.70 | ||
| Q2 25 | $-0.16 | $0.65 | ||
| Q1 25 | $-0.13 | $0.62 | ||
| Q4 24 | $0.27 | $0.32 | ||
| Q3 24 | $0.01 | $1.59 | ||
| Q2 24 | $-0.17 | $0.76 | ||
| Q1 24 | $-0.35 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $400.0M | $1.8B |
| Total Assets | $1.1B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.3M | $211.7M | ||
| Q3 25 | $80.4M | $379.2M | ||
| Q2 25 | $68.1M | $189.2M | ||
| Q1 25 | $41.7M | $174.3M | ||
| Q4 24 | $83.8M | $132.0M | ||
| Q3 24 | $79.9M | $481.2M | ||
| Q2 24 | $76.4M | $359.2M | ||
| Q1 24 | $147.2M | $416.2M |
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
| Q4 25 | $400.0M | $1.8B | ||
| Q3 25 | $392.7M | $1.8B | ||
| Q2 25 | $384.5M | $1.7B | ||
| Q1 25 | $345.4M | $1.6B | ||
| Q4 24 | $312.5M | $1.6B | ||
| Q3 24 | $336.6M | $1.6B | ||
| Q2 24 | $307.4M | $1.5B | ||
| Q1 24 | $298.2M | $1.5B |
| Q4 25 | $1.1B | $3.2B | ||
| Q3 25 | $1.0B | $3.1B | ||
| Q2 25 | $1.0B | $3.1B | ||
| Q1 25 | $964.4M | $3.0B | ||
| Q4 24 | $989.2M | $3.0B | ||
| Q3 24 | $1.0B | $2.8B | ||
| Q2 24 | $1.0B | $2.7B | ||
| Q1 24 | $1.1B | $2.6B |
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | — | $-157.1M |
| FCF MarginFCF / Revenue | — | -57.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.6M | $-157.0M | ||
| Q3 25 | $22.2M | $256.3M | ||
| Q2 25 | $31.7M | $15.8M | ||
| Q1 25 | $-3.1M | $-19.8M | ||
| Q4 24 | $36.5M | $-450.0M | ||
| Q3 24 | $20.5M | $119.2M | ||
| Q2 24 | $24.4M | $-61.7M | ||
| Q1 24 | $2.5M | $-59.2M |
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | — | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $-62.3M | ||
| Q1 24 | — | $-59.8M |
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | -19.6% | ||
| Q1 24 | — | -17.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | 49.55× | 1.46× | ||
| Q2 24 | 6.03× | -1.59× | ||
| Q1 24 | — | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
