vs
Side-by-side financial comparison of Bandwidth Inc. (BAND) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $131.8M, roughly 1.6× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs 1.9%, a 7.6% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 19.3%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% CAGR vs 9.7%).
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.
BAND vs LOAR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $131.8M |
| Net Profit | $4.0M | $12.5M |
| Gross Margin | 37.3% | 52.1% |
| Operating Margin | 60.5% | 18.0% |
| Net Margin | 1.9% | 9.5% |
| Revenue YoY | 20.1% | 19.3% |
| Net Profit YoY | 200.0% | 239.5% |
| EPS (diluted) | $-0.08 | $0.13 |
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 | $131.8M | ||
| Q3 25 | $191.9M | $126.8M | ||
| Q2 25 | $180.0M | $123.1M | ||
| Q1 25 | $174.2M | $114.7M | ||
| Q4 24 | $210.0M | $110.4M | ||
| Q3 24 | $193.9M | $103.5M | ||
| Q2 24 | $173.6M | $97.0M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $12.5M | ||
| Q3 25 | $-1.2M | $27.6M | ||
| Q2 25 | $-4.9M | $16.7M | ||
| Q1 25 | $-3.7M | $15.3M | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | $413.0K | $8.7M | ||
| Q2 24 | $4.1M | $7.6M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 52.1% | ||
| Q3 25 | 38.5% | 52.7% | ||
| Q2 25 | 39.8% | 53.8% | ||
| Q1 25 | 41.0% | 52.1% | ||
| Q4 24 | 36.4% | 48.9% | ||
| Q3 24 | 37.7% | 51.1% | ||
| Q2 24 | 37.3% | 49.0% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 18.0% | ||
| Q3 25 | -1.0% | 22.9% | ||
| Q2 25 | -2.1% | 22.2% | ||
| Q1 25 | -2.7% | 22.8% | ||
| Q4 24 | -1.3% | 19.2% | ||
| Q3 24 | -0.5% | 22.1% | ||
| Q2 24 | -3.5% | 22.9% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 9.5% | ||
| Q3 25 | -0.6% | 21.8% | ||
| Q2 25 | -2.7% | 13.6% | ||
| Q1 25 | -2.1% | 13.4% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 0.2% | 8.4% | ||
| Q2 24 | 2.3% | 7.9% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.13 | ||
| Q3 25 | $-0.04 | $0.29 | ||
| Q2 25 | $-0.16 | $0.17 | ||
| Q1 25 | $-0.13 | $0.16 | ||
| Q4 24 | $0.27 | $-11023.48 | ||
| Q3 24 | $0.01 | $0.09 | ||
| Q2 24 | $-0.17 | $0.09 |
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 | $84.8M |
| Total DebtLower is stronger | — | $715.7M |
| Stockholders' EquityBook value | $405.7M | $1.2B |
| Total Assets | $984.2M | $2.0B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $84.8M | ||
| Q3 25 | $80.4M | $99.0M | ||
| Q2 25 | $68.1M | $103.3M | ||
| Q1 25 | $41.7M | $80.5M | ||
| Q4 24 | $83.8M | $54.1M | ||
| Q3 24 | $79.9M | $55.2M | ||
| Q2 24 | $76.4M | $73.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $715.7M | ||
| Q3 25 | — | $279.4M | ||
| Q2 25 | — | $277.7M | ||
| Q1 25 | — | $277.5M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | — | $602.1M | ||
| Q2 24 | — | $250.7M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.2B | ||
| Q3 25 | $392.7M | $1.2B | ||
| Q2 25 | $384.5M | $1.1B | ||
| Q1 25 | $345.4M | $1.1B | ||
| Q4 24 | $312.5M | $1.1B | ||
| Q3 24 | $336.6M | $769.8M | ||
| Q2 24 | $307.4M | $758.4M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $964.4M | $1.5B | ||
| Q4 24 | $989.2M | $1.5B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.0B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× |
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 | — | $30.4M |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $30.4M | ||
| Q3 25 | $22.2M | $29.7M | ||
| Q2 25 | $31.7M | $23.8M | ||
| Q1 25 | $-3.1M | $28.4M | ||
| Q4 24 | $36.5M | $20.7M | ||
| Q3 24 | $20.5M | $16.3M | ||
| Q2 24 | $24.4M | $7.1M |
| 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 | — | 2.43× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 5.62× | ||
| Q3 24 | 49.55× | 1.89× | ||
| Q2 24 | 6.03× | 0.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
