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Side-by-side financial comparison of Bandwidth Inc. (BAND) and JBG SMITH Properties (JBGS). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $127.6M, roughly 1.6× JBG SMITH Properties). Bandwidth Inc. runs the higher net margin — 1.9% vs -35.7%, a 37.6% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -2.5%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -6.3%).
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.
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
BAND vs JBGS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $127.6M |
| Net Profit | $4.0M | $-45.5M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | -47.5% |
| Net Margin | 1.9% | -35.7% |
| Revenue YoY | 20.1% | -2.5% |
| Net Profit YoY | 200.0% | 24.0% |
| EPS (diluted) | $-0.08 | $-0.76 |
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 | $127.6M | ||
| Q3 25 | $191.9M | $123.9M | ||
| Q2 25 | $180.0M | $126.5M | ||
| Q1 25 | $174.2M | $120.7M | ||
| Q4 24 | $210.0M | $130.8M | ||
| Q3 24 | $193.9M | $136.0M | ||
| Q2 24 | $173.6M | $135.3M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-45.5M | ||
| Q3 25 | $-1.2M | $-28.6M | ||
| Q2 25 | $-4.9M | $-19.2M | ||
| Q1 25 | $-3.7M | $-45.7M | ||
| Q4 24 | — | $-59.9M | ||
| Q3 24 | $413.0K | $-27.0M | ||
| Q2 24 | $4.1M | $-24.4M |
| 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% | -47.5% | ||
| Q3 25 | -1.0% | -27.5% | ||
| Q2 25 | -2.1% | -18.4% | ||
| Q1 25 | -2.7% | -44.7% | ||
| Q4 24 | -1.3% | -53.6% | ||
| Q3 24 | -0.5% | -22.4% | ||
| Q2 24 | -3.5% | -24.3% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -35.7% | ||
| Q3 25 | -0.6% | -23.1% | ||
| Q2 25 | -2.7% | -15.2% | ||
| Q1 25 | -2.1% | -37.9% | ||
| Q4 24 | — | -45.8% | ||
| Q3 24 | 0.2% | -19.8% | ||
| Q2 24 | 2.3% | -18.0% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $-0.76 | ||
| Q3 25 | $-0.04 | $-0.48 | ||
| Q2 25 | $-0.16 | $-0.29 | ||
| Q1 25 | $-0.13 | $-0.56 | ||
| Q4 24 | $0.27 | $-0.70 | ||
| Q3 24 | $0.01 | $-0.32 | ||
| Q2 24 | $-0.17 | $-0.27 |
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 | $75.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $1.2B |
| Total Assets | $984.2M | $4.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $75.3M | ||
| Q3 25 | $80.4M | $64.4M | ||
| Q2 25 | $68.1M | $61.4M | ||
| Q1 25 | $41.7M | $81.3M | ||
| Q4 24 | $83.8M | $145.8M | ||
| Q3 24 | $79.9M | $137.0M | ||
| Q2 24 | $76.4M | $163.5M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.2B | ||
| Q3 25 | $392.7M | $1.2B | ||
| Q2 25 | $384.5M | $1.3B | ||
| Q1 25 | $345.4M | $1.6B | ||
| Q4 24 | $312.5M | $1.8B | ||
| Q3 24 | $336.6M | $1.9B | ||
| Q2 24 | $307.4M | $2.0B |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $4.4B | ||
| Q3 25 | $1.0B | $4.4B | ||
| Q2 25 | $1.0B | $4.5B | ||
| Q1 25 | $964.4M | $4.7B | ||
| Q4 24 | $989.2M | $5.0B | ||
| Q3 24 | $1.0B | $5.2B | ||
| Q2 24 | $1.0B | $5.3B |
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 | — | $73.3M |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $73.3M | ||
| Q3 25 | $22.2M | $8.9M | ||
| Q2 25 | $31.7M | $18.8M | ||
| Q1 25 | $-3.1M | $12.9M | ||
| Q4 24 | $36.5M | $129.4M | ||
| Q3 24 | $20.5M | $26.4M | ||
| Q2 24 | $24.4M | $23.8M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
