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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.

Howard Hughes Holdings Inc. is the larger business by last-quarter revenue ($235.9M vs $208.8M, roughly 1.1× Bandwidth Inc.). Howard Hughes Holdings Inc. runs the higher net margin — 3.4% vs 1.9%, a 1.5% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 18.4%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -13.8%).

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.

Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.

BAND vs HHH — Head-to-Head

Bigger by revenue
HHH
HHH
1.1× larger
HHH
$235.9M
$208.8M
BAND
Growing faster (revenue YoY)
BAND
BAND
+1.8% gap
BAND
20.1%
18.4%
HHH
Higher net margin
HHH
HHH
1.5% more per $
HHH
3.4%
1.9%
BAND
Faster 2-yr revenue CAGR
BAND
BAND
Annualised
BAND
9.7%
-13.8%
HHH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BAND
BAND
HHH
HHH
Revenue
$208.8M
$235.9M
Net Profit
$4.0M
$8.1M
Gross Margin
37.3%
Operating Margin
60.5%
121.6%
Net Margin
1.9%
3.4%
Revenue YoY
20.1%
18.4%
Net Profit YoY
200.0%
-25.6%
EPS (diluted)
$-0.08
$0.14

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
HHH
HHH
Q1 26
$208.8M
$235.9M
Q4 25
$207.7M
$624.4M
Q3 25
$191.9M
$390.2M
Q2 25
$180.0M
$260.9M
Q1 25
$174.2M
$199.3M
Q4 24
$210.0M
$935.0M
Q3 24
$193.9M
$327.1M
Q2 24
$173.6M
$317.4M
Net Profit
BAND
BAND
HHH
HHH
Q1 26
$4.0M
$8.1M
Q4 25
$6.0M
Q3 25
$-1.2M
$119.5M
Q2 25
$-4.9M
$-12.1M
Q1 25
$-3.7M
$10.5M
Q4 24
$156.3M
Q3 24
$413.0K
$72.8M
Q2 24
$4.1M
$21.1M
Gross Margin
BAND
BAND
HHH
HHH
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
HHH
HHH
Q1 26
60.5%
121.6%
Q4 25
-1.9%
4.2%
Q3 25
-1.0%
48.6%
Q2 25
-2.1%
26.0%
Q1 25
-2.7%
24.0%
Q4 24
-1.3%
33.5%
Q3 24
-0.5%
60.6%
Q2 24
-3.5%
20.4%
Net Margin
BAND
BAND
HHH
HHH
Q1 26
1.9%
3.4%
Q4 25
1.0%
Q3 25
-0.6%
30.6%
Q2 25
-2.7%
-4.7%
Q1 25
-2.1%
5.3%
Q4 24
16.7%
Q3 24
0.2%
22.2%
Q2 24
2.3%
6.6%
EPS (diluted)
BAND
BAND
HHH
HHH
Q1 26
$-0.08
$0.14
Q4 25
$-0.10
$0.20
Q3 25
$-0.04
$2.02
Q2 25
$-0.16
$-0.22
Q1 25
$-0.13
$0.21
Q4 24
$0.27
$3.14
Q3 24
$0.01
$1.46
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
BAND
BAND
HHH
HHH
Cash + ST InvestmentsLiquidity on hand
$47.3M
$1.8B
Total DebtLower is stronger
Stockholders' EquityBook value
$405.7M
$3.8B
Total Assets
$984.2M
$11.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
HHH
HHH
Q1 26
$47.3M
$1.8B
Q4 25
$111.3M
$1.5B
Q3 25
$80.4M
$1.5B
Q2 25
$68.1M
$1.4B
Q1 25
$41.7M
$493.7M
Q4 24
$83.8M
$596.1M
Q3 24
$79.9M
$400.7M
Q2 24
$76.4M
$436.8M
Total Debt
BAND
BAND
HHH
HHH
Q1 26
Q4 25
$5.1B
Q3 25
Q2 25
Q1 25
Q4 24
$5.1B
Q3 24
Q2 24
Stockholders' Equity
BAND
BAND
HHH
HHH
Q1 26
$405.7M
$3.8B
Q4 25
$400.0M
$3.8B
Q3 25
$392.7M
$3.8B
Q2 25
$384.5M
$3.6B
Q1 25
$345.4M
$2.8B
Q4 24
$312.5M
$2.8B
Q3 24
$336.6M
$2.6B
Q2 24
$307.4M
$3.0B
Total Assets
BAND
BAND
HHH
HHH
Q1 26
$984.2M
$11.2B
Q4 25
$1.1B
$10.6B
Q3 25
$1.0B
$10.7B
Q2 25
$1.0B
$10.3B
Q1 25
$964.4M
$9.3B
Q4 24
$989.2M
$9.2B
Q3 24
$1.0B
$9.4B
Q2 24
$1.0B
$9.9B
Debt / Equity
BAND
BAND
HHH
HHH
Q1 26
Q4 25
1.35×
Q3 25
Q2 25
Q1 25
Q4 24
1.85×
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
BAND
BAND
HHH
HHH
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
HHH
HHH
Q1 26
Q4 25
$38.6M
$360.3M
Q3 25
$22.2M
$149.8M
Q2 25
$31.7M
$177.3M
Q1 25
$-3.1M
$-224.9M
Q4 24
$36.5M
$337.1M
Q3 24
$20.5M
$248.3M
Q2 24
$24.4M
$-17.5M
Free Cash Flow
BAND
BAND
HHH
HHH
Q1 26
$-1.0M
Q4 25
$348.6M
Q3 25
$137.7M
Q2 25
$169.7M
Q1 25
$-238.4M
Q4 24
$317.1M
Q3 24
$238.7M
Q2 24
$-25.1M
FCF Margin
BAND
BAND
HHH
HHH
Q1 26
-0.5%
Q4 25
55.8%
Q3 25
35.3%
Q2 25
65.1%
Q1 25
-119.6%
Q4 24
33.9%
Q3 24
73.0%
Q2 24
-7.9%
Capex Intensity
BAND
BAND
HHH
HHH
Q1 26
Q4 25
1.9%
Q3 25
3.1%
Q2 25
2.9%
Q1 25
6.8%
Q4 24
2.1%
Q3 24
2.9%
Q2 24
2.4%
Cash Conversion
BAND
BAND
HHH
HHH
Q1 26
Q4 25
60.04×
Q3 25
1.25×
Q2 25
Q1 25
-21.35×
Q4 24
2.16×
Q3 24
49.55×
3.41×
Q2 24
6.03×
-0.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BAND
BAND

Segment breakdown not available.

HHH
HHH

Rental revenue$113.5M48%
Master Planned Communities land sales$99.6M42%
Other revenues$11.0M5%
Builder price participation$8.7M4%
Condominium rights and unit sales$3.1M1%

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