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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $120.6M, roughly 1.7× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 1.9%, a 46.2% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -11.0%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-55.2M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -6.0%).
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.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
BAND vs KW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $120.6M |
| Net Profit | $4.0M | $58.0M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 57.3% |
| Net Margin | 1.9% | 48.1% |
| Revenue YoY | 20.1% | -11.0% |
| Net Profit YoY | 200.0% | 32.7% |
| EPS (diluted) | $-0.08 | $0.22 |
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 | $120.6M | ||
| Q3 25 | $191.9M | $116.4M | ||
| Q2 25 | $180.0M | $135.7M | ||
| Q1 25 | $174.2M | $128.3M | ||
| Q4 24 | $210.0M | $135.5M | ||
| Q3 24 | $193.9M | $127.5M | ||
| Q2 24 | $173.6M | $132.0M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $58.0M | ||
| Q3 25 | $-1.2M | $-10.2M | ||
| Q2 25 | $-4.9M | $5.6M | ||
| Q1 25 | $-3.7M | $-29.6M | ||
| Q4 24 | — | $43.7M | ||
| Q3 24 | $413.0K | $-66.8M | ||
| Q2 24 | $4.1M | $-48.3M |
| 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% | 57.3% | ||
| Q3 25 | -1.0% | -6.2% | ||
| Q2 25 | -2.1% | 7.4% | ||
| Q1 25 | -2.7% | -26.9% | ||
| Q4 24 | -1.3% | 36.7% | ||
| Q3 24 | -0.5% | -60.8% | ||
| Q2 24 | -3.5% | -45.5% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 48.1% | ||
| Q3 25 | -0.6% | -8.8% | ||
| Q2 25 | -2.7% | 4.1% | ||
| Q1 25 | -2.1% | -23.1% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | 0.2% | -52.4% | ||
| Q2 24 | 2.3% | -36.6% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.22 | ||
| Q3 25 | $-0.04 | $-0.15 | ||
| Q2 25 | $-0.16 | $-0.05 | ||
| Q1 25 | $-0.13 | $-0.30 | ||
| Q4 24 | $0.27 | $0.24 | ||
| Q3 24 | $0.01 | $-0.56 | ||
| Q2 24 | $-0.17 | $-0.43 |
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 | $184.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $1.5B |
| Total Assets | $984.2M | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $184.5M | ||
| Q3 25 | $80.4M | $382.6M | ||
| Q2 25 | $68.1M | $309.1M | ||
| Q1 25 | $41.7M | $356.6M | ||
| Q4 24 | $83.8M | $217.5M | ||
| Q3 24 | $79.9M | $367.1M | ||
| Q2 24 | $76.4M | $366.5M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.5B | ||
| Q3 25 | $392.7M | $1.5B | ||
| Q2 25 | $384.5M | $1.6B | ||
| Q1 25 | $345.4M | $1.6B | ||
| Q4 24 | $312.5M | $1.6B | ||
| Q3 24 | $336.6M | $1.6B | ||
| Q2 24 | $307.4M | $1.7B |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $6.6B | ||
| Q3 25 | $1.0B | $6.7B | ||
| Q2 25 | $1.0B | $6.8B | ||
| Q1 25 | $964.4M | $7.2B | ||
| Q4 24 | $989.2M | $7.0B | ||
| Q3 24 | $1.0B | $7.4B | ||
| Q2 24 | $1.0B | $7.5B |
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 | — | $11.4M |
| Free Cash FlowOCF − Capex | $-1.0M | $-55.2M |
| FCF MarginFCF / Revenue | -0.5% | -45.8% |
| Capex IntensityCapex / Revenue | — | 55.2% |
| Cash ConversionOCF / Net Profit | — | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $11.4M | ||
| Q3 25 | $22.2M | $-7.6M | ||
| Q2 25 | $31.7M | $42.0M | ||
| Q1 25 | $-3.1M | $-51.9M | ||
| Q4 24 | $36.5M | $55.1M | ||
| Q3 24 | $20.5M | $-5.6M | ||
| Q2 24 | $24.4M | $36.7M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-55.2M | ||
| Q3 25 | — | $-18.0M | ||
| Q2 25 | — | $29.4M | ||
| Q1 25 | — | $-59.7M | ||
| Q4 24 | — | $-76.5M | ||
| Q3 24 | — | $-27.7M | ||
| Q2 24 | — | $-500.0K |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -45.8% | ||
| Q3 25 | — | -15.5% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | -46.5% | ||
| Q4 24 | — | -56.5% | ||
| Q3 24 | — | -21.7% | ||
| Q2 24 | — | -0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 55.2% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 97.1% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 28.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 7.50× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
