vs
Side-by-side financial comparison of Bandwidth Inc. (BAND) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($207.7M vs $186.9M, roughly 1.1× Limbach Holdings, Inc.). On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -1.1%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 10.2%).
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.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
BAND vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $207.7M | $186.9M |
| Net Profit | — | $12.3M |
| Gross Margin | 37.6% | 25.7% |
| Operating Margin | -1.9% | 9.4% |
| Net Margin | — | 6.6% |
| Revenue YoY | -1.1% | 30.1% |
| Net Profit YoY | — | 25.0% |
| EPS (diluted) | $-0.10 | $1.01 |
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.
| Q4 25 | $207.7M | $186.9M | ||
| Q3 25 | $191.9M | $184.6M | ||
| Q2 25 | $180.0M | $142.2M | ||
| Q1 25 | $174.2M | $133.1M | ||
| Q4 24 | $210.0M | $143.7M | ||
| Q3 24 | $193.9M | $133.9M | ||
| Q2 24 | $173.6M | $122.2M | ||
| Q1 24 | $171.0M | $119.0M |
| Q4 25 | — | $12.3M | ||
| Q3 25 | $-1.2M | $8.8M | ||
| Q2 25 | $-4.9M | $7.8M | ||
| Q1 25 | $-3.7M | $10.2M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | $413.0K | $7.5M | ||
| Q2 24 | $4.1M | $6.0M | ||
| Q1 24 | $-9.2M | $7.6M |
| Q4 25 | 37.6% | 25.7% | ||
| Q3 25 | 38.5% | 24.2% | ||
| Q2 25 | 39.8% | 28.0% | ||
| Q1 25 | 41.0% | 27.6% | ||
| Q4 24 | 36.4% | 30.3% | ||
| Q3 24 | 37.7% | 27.0% | ||
| Q2 24 | 37.3% | 27.4% | ||
| Q1 24 | 38.3% | 26.1% |
| Q4 25 | -1.9% | 9.4% | ||
| Q3 25 | -1.0% | 7.2% | ||
| Q2 25 | -2.1% | 7.5% | ||
| Q1 25 | -2.7% | 5.9% | ||
| Q4 24 | -1.3% | 9.1% | ||
| Q3 24 | -0.5% | 8.1% | ||
| Q2 24 | -3.5% | 6.7% | ||
| Q1 24 | -6.1% | 5.5% |
| Q4 25 | — | 6.6% | ||
| Q3 25 | -0.6% | 4.8% | ||
| Q2 25 | -2.7% | 5.5% | ||
| Q1 25 | -2.1% | 7.7% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | 0.2% | 5.6% | ||
| Q2 24 | 2.3% | 4.9% | ||
| Q1 24 | -5.4% | 6.4% |
| Q4 25 | $-0.10 | $1.01 | ||
| Q3 25 | $-0.04 | $0.73 | ||
| Q2 25 | $-0.16 | $0.64 | ||
| Q1 25 | $-0.13 | $0.85 | ||
| Q4 24 | $0.27 | $0.81 | ||
| Q3 24 | $0.01 | $0.62 | ||
| Q2 24 | $-0.17 | $0.50 | ||
| Q1 24 | $-0.35 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.3M | $11.3M |
| Total DebtLower is stronger | — | $30.5M |
| Stockholders' EquityBook value | $400.0M | $195.7M |
| Total Assets | $1.1B | $381.1M |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.3M | $11.3M | ||
| Q3 25 | $80.4M | $9.8M | ||
| Q2 25 | $68.1M | $38.9M | ||
| Q1 25 | $41.7M | $38.1M | ||
| Q4 24 | $83.8M | $44.9M | ||
| Q3 24 | $79.9M | $51.2M | ||
| Q2 24 | $76.4M | $59.5M | ||
| Q1 24 | $147.2M | $48.2M |
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $19.4M |
| Q4 25 | $400.0M | $195.7M | ||
| Q3 25 | $392.7M | $181.6M | ||
| Q2 25 | $384.5M | $170.5M | ||
| Q1 25 | $345.4M | $161.1M | ||
| Q4 24 | $312.5M | $153.5M | ||
| Q3 24 | $336.6M | $142.2M | ||
| Q2 24 | $307.4M | $133.0M | ||
| Q1 24 | $298.2M | $125.5M |
| Q4 25 | $1.1B | $381.1M | ||
| Q3 25 | $1.0B | $409.1M | ||
| Q2 25 | $1.0B | $343.0M | ||
| Q1 25 | $964.4M | $336.4M | ||
| Q4 24 | $989.2M | $352.1M | ||
| Q3 24 | $1.0B | $324.4M | ||
| Q2 24 | $1.0B | $303.9M | ||
| Q1 24 | $1.1B | $289.2M |
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $38.6M | $28.1M |
| Free Cash FlowOCF − Capex | — | $27.9M |
| FCF MarginFCF / Revenue | — | 14.9% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.6M | $28.1M | ||
| Q3 25 | $22.2M | $13.3M | ||
| Q2 25 | $31.7M | $2.0M | ||
| Q1 25 | $-3.1M | $2.2M | ||
| Q4 24 | $36.5M | $19.3M | ||
| Q3 24 | $20.5M | $4.9M | ||
| Q2 24 | $24.4M | $16.5M | ||
| Q1 24 | $2.5M | $-3.9M |
| Q4 25 | — | $27.9M | ||
| Q3 25 | — | $12.8M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $11.0K | ||
| Q4 24 | — | $18.0M | ||
| Q3 24 | — | $4.6M | ||
| Q2 24 | — | $13.2M | ||
| Q1 24 | — | $-6.5M |
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | -5.5% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 49.55× | 0.66× | ||
| Q2 24 | 6.03× | 2.77× | ||
| Q1 24 | — | -0.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
| Messaging Surcharges | $192.4M | 93% |
| Other | $15.2M | 7% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
