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Side-by-side financial comparison of Bandwidth Inc. (BAND) and GLOBAL INDUSTRIAL Co (GIC). Click either name above to swap in a different company.

GLOBAL INDUSTRIAL Co is the larger business by last-quarter revenue ($345.6M vs $208.8M, roughly 1.7× Bandwidth Inc.). GLOBAL INDUSTRIAL Co runs the higher net margin — 4.2% vs 1.9%, a 2.3% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 14.3%). GLOBAL INDUSTRIAL Co produced more free cash flow last quarter ($19.2M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 3.4%).

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.

Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.

BAND vs GIC — Head-to-Head

Bigger by revenue
GIC
GIC
1.7× larger
GIC
$345.6M
$208.8M
BAND
Growing faster (revenue YoY)
BAND
BAND
+5.8% gap
BAND
20.1%
14.3%
GIC
Higher net margin
GIC
GIC
2.3% more per $
GIC
4.2%
1.9%
BAND
More free cash flow
GIC
GIC
$20.2M more FCF
GIC
$19.2M
$-1.0M
BAND
Faster 2-yr revenue CAGR
BAND
BAND
Annualised
BAND
9.7%
3.4%
GIC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAND
BAND
GIC
GIC
Revenue
$208.8M
$345.6M
Net Profit
$4.0M
$14.6M
Gross Margin
37.3%
34.5%
Operating Margin
60.5%
5.7%
Net Margin
1.9%
4.2%
Revenue YoY
20.1%
14.3%
Net Profit YoY
200.0%
36.4%
EPS (diluted)
$-0.08
$0.37

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
GIC
GIC
Q1 26
$208.8M
Q4 25
$207.7M
$345.6M
Q3 25
$191.9M
$353.6M
Q2 25
$180.0M
$358.9M
Q1 25
$174.2M
$321.0M
Q4 24
$210.0M
$302.3M
Q3 24
$193.9M
$342.4M
Q2 24
$173.6M
$347.8M
Net Profit
BAND
BAND
GIC
GIC
Q1 26
$4.0M
Q4 25
$14.6M
Q3 25
$-1.2M
$18.8M
Q2 25
$-4.9M
$25.1M
Q1 25
$-3.7M
$13.6M
Q4 24
$10.7M
Q3 24
$413.0K
$16.8M
Q2 24
$4.1M
$20.3M
Gross Margin
BAND
BAND
GIC
GIC
Q1 26
37.3%
Q4 25
37.6%
34.5%
Q3 25
38.5%
35.6%
Q2 25
39.8%
37.1%
Q1 25
41.0%
34.9%
Q4 24
36.4%
33.8%
Q3 24
37.7%
34.0%
Q2 24
37.3%
35.2%
Operating Margin
BAND
BAND
GIC
GIC
Q1 26
60.5%
Q4 25
-1.9%
5.7%
Q3 25
-1.0%
7.4%
Q2 25
-2.1%
9.3%
Q1 25
-2.7%
5.7%
Q4 24
-1.3%
4.8%
Q3 24
-0.5%
6.5%
Q2 24
-3.5%
7.6%
Net Margin
BAND
BAND
GIC
GIC
Q1 26
1.9%
Q4 25
4.2%
Q3 25
-0.6%
5.3%
Q2 25
-2.7%
7.0%
Q1 25
-2.1%
4.2%
Q4 24
3.5%
Q3 24
0.2%
4.9%
Q2 24
2.3%
5.8%
EPS (diluted)
BAND
BAND
GIC
GIC
Q1 26
$-0.08
Q4 25
$-0.10
$0.37
Q3 25
$-0.04
$0.48
Q2 25
$-0.16
$0.65
Q1 25
$-0.13
$0.35
Q4 24
$0.27
$0.28
Q3 24
$0.01
$0.44
Q2 24
$-0.17
$0.52

Balance Sheet & Financial Strength

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

Metric
BAND
BAND
GIC
GIC
Cash + ST InvestmentsLiquidity on hand
$47.3M
$67.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.7M
$313.2M
Total Assets
$984.2M
$580.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
GIC
GIC
Q1 26
$47.3M
Q4 25
$111.3M
$67.5M
Q3 25
$80.4M
$67.2M
Q2 25
$68.1M
$55.1M
Q1 25
$41.7M
$39.0M
Q4 24
$83.8M
$44.6M
Q3 24
$79.9M
$38.9M
Q2 24
$76.4M
$38.8M
Stockholders' Equity
BAND
BAND
GIC
GIC
Q1 26
$405.7M
Q4 25
$400.0M
$313.2M
Q3 25
$392.7M
$316.0M
Q2 25
$384.5M
$305.2M
Q1 25
$345.4M
$287.9M
Q4 24
$312.5M
$281.1M
Q3 24
$336.6M
$279.2M
Q2 24
$307.4M
$270.4M
Total Assets
BAND
BAND
GIC
GIC
Q1 26
$984.2M
Q4 25
$1.1B
$580.8M
Q3 25
$1.0B
$602.5M
Q2 25
$1.0B
$586.5M
Q1 25
$964.4M
$536.7M
Q4 24
$989.2M
$520.7M
Q3 24
$1.0B
$531.6M
Q2 24
$1.0B
$542.5M

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
GIC
GIC
Operating Cash FlowLast quarter
$20.0M
Free Cash FlowOCF − Capex
$-1.0M
$19.2M
FCF MarginFCF / Revenue
-0.5%
5.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.37×
TTM Free Cash FlowTrailing 4 quarters
$74.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
GIC
GIC
Q1 26
Q4 25
$38.6M
$20.0M
Q3 25
$22.2M
$22.7M
Q2 25
$31.7M
$31.7M
Q1 25
$-3.1M
$3.4M
Q4 24
$36.5M
$15.9M
Q3 24
$20.5M
$9.6M
Q2 24
$24.4M
$18.8M
Free Cash Flow
BAND
BAND
GIC
GIC
Q1 26
$-1.0M
Q4 25
$19.2M
Q3 25
$22.0M
Q2 25
$30.3M
Q1 25
$3.2M
Q4 24
$15.2M
Q3 24
$8.7M
Q2 24
$17.9M
FCF Margin
BAND
BAND
GIC
GIC
Q1 26
-0.5%
Q4 25
5.6%
Q3 25
6.2%
Q2 25
8.4%
Q1 25
1.0%
Q4 24
5.0%
Q3 24
2.5%
Q2 24
5.1%
Capex Intensity
BAND
BAND
GIC
GIC
Q1 26
Q4 25
0.2%
Q3 25
0.2%
Q2 25
0.4%
Q1 25
0.1%
Q4 24
0.2%
Q3 24
0.3%
Q2 24
0.3%
Cash Conversion
BAND
BAND
GIC
GIC
Q1 26
Q4 25
1.37×
Q3 25
1.21×
Q2 25
1.26×
Q1 25
0.25×
Q4 24
1.49×
Q3 24
49.55×
0.57×
Q2 24
6.03×
0.93×

Financial Flow Comparison

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

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