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Side-by-side financial comparison of Bandwidth Inc. (BAND) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $208.8M, roughly 1.9× Bandwidth Inc.). IDEX Corporation runs the higher net margin — 30.1% vs 1.9%, a 28.2% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 16.7%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -29.4%).
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.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
BAND vs IEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $398.4M |
| Net Profit | $4.0M | $120.0M |
| Gross Margin | 37.3% | 99.9% |
| Operating Margin | 60.5% | 43.3% |
| Net Margin | 1.9% | 30.1% |
| Revenue YoY | 20.1% | 16.7% |
| Net Profit YoY | 200.0% | 25.7% |
| 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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | $208.8M | $407.7M | ||
| Q4 25 | $207.7M | $899.1M | ||
| Q3 25 | $191.9M | $878.7M | ||
| Q2 25 | $180.0M | $865.4M | ||
| Q1 25 | $174.2M | $814.3M | ||
| Q4 24 | $210.0M | $862.9M | ||
| Q3 24 | $193.9M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | $4.0M | $128.3M | ||
| Q4 25 | — | $128.3M | ||
| Q3 25 | $-1.2M | $127.8M | ||
| Q2 25 | $-4.9M | $131.6M | ||
| Q1 25 | $-3.7M | $95.5M | ||
| Q4 24 | — | $123.2M | ||
| Q3 24 | $413.0K | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | 37.3% | 94.9% | ||
| Q4 25 | 37.6% | 43.1% | ||
| Q3 25 | 38.5% | 44.5% | ||
| Q2 25 | 39.8% | 45.3% | ||
| Q1 25 | 41.0% | 45.3% | ||
| Q4 24 | 36.4% | 42.5% | ||
| Q3 24 | 37.7% | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | 60.5% | 45.0% | ||
| Q4 25 | -1.9% | 20.4% | ||
| Q3 25 | -1.0% | 21.1% | ||
| Q2 25 | -2.1% | 21.7% | ||
| Q1 25 | -2.7% | 17.4% | ||
| Q4 24 | -1.3% | 19.2% | ||
| Q3 24 | -0.5% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | 1.9% | 31.5% | ||
| Q4 25 | — | 14.3% | ||
| Q3 25 | -0.6% | 14.5% | ||
| Q2 25 | -2.7% | 15.2% | ||
| Q1 25 | -2.1% | 11.7% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | 0.2% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | $-0.08 | $1.71 | ||
| Q4 25 | $-0.10 | $1.71 | ||
| Q3 25 | $-0.04 | $1.70 | ||
| Q2 25 | $-0.16 | $1.74 | ||
| Q1 25 | $-0.13 | $1.26 | ||
| Q4 24 | $0.27 | $1.61 | ||
| Q3 24 | $0.01 | $1.57 |
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 | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $4.0B |
| Total Assets | $984.2M | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | $47.3M | $580.0M | ||
| Q4 25 | $111.3M | $580.0M | ||
| Q3 25 | $80.4M | $593.8M | ||
| Q2 25 | $68.1M | $568.2M | ||
| Q1 25 | $41.7M | $594.1M | ||
| Q4 24 | $83.8M | $620.8M | ||
| Q3 24 | $79.9M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | $405.7M | $4.0B | ||
| Q4 25 | $400.0M | $4.0B | ||
| Q3 25 | $392.7M | $4.0B | ||
| Q2 25 | $384.5M | $4.0B | ||
| Q1 25 | $345.4M | $3.9B | ||
| Q4 24 | $312.5M | $3.8B | ||
| Q3 24 | $336.6M | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | $984.2M | $6.9B | ||
| Q4 25 | $1.1B | $6.9B | ||
| Q3 25 | $1.0B | $7.0B | ||
| Q2 25 | $1.0B | $6.9B | ||
| Q1 25 | $964.4M | $6.8B | ||
| Q4 24 | $989.2M | $6.7B | ||
| Q3 24 | $1.0B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | — | — |
| Free Cash FlowOCF − Capex | $-1.0M | $86.0M |
| FCF MarginFCF / Revenue | -0.5% | 21.6% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $209.5M | ||
| Q3 25 | $22.2M | $203.5M | ||
| Q2 25 | $31.7M | $161.7M | ||
| Q1 25 | $-3.1M | $105.7M | ||
| Q4 24 | $36.5M | $172.6M | ||
| Q3 24 | $20.5M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | $-1.0M | $189.8M | ||
| Q4 25 | — | $189.8M | ||
| Q3 25 | — | $188.7M | ||
| Q2 25 | — | $146.9M | ||
| Q1 25 | — | $91.4M | ||
| Q4 24 | — | $157.1M | ||
| Q3 24 | — | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | -0.5% | 46.6% | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 49.55× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
