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Side-by-side financial comparison of Bandwidth Inc. (BAND) and DORIAN LPG LTD. (LPG). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $120.0M, roughly 1.7× DORIAN LPG LTD.). DORIAN LPG LTD. runs the higher net margin — 39.3% vs 1.9%, a 37.4% gap on every dollar of revenue. On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs 20.1%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -7.9%).
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.
Dorian LPG Ltd. is a leading international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates a modern fleet of very large gas carriers, serving energy and petrochemical industry clients across key markets including North America, Asia and Europe.
BAND vs LPG — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $120.0M |
| Net Profit | $4.0M | $47.2M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 42.8% |
| Net Margin | 1.9% | 39.3% |
| Revenue YoY | 20.1% | 48.7% |
| Net Profit YoY | 200.0% | 120.9% |
| EPS (diluted) | $-0.08 | $1.11 |
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 | $120.0M | ||
| Q3 25 | $191.9M | $124.1M | ||
| Q2 25 | $180.0M | $84.2M | ||
| Q1 25 | $174.2M | $75.9M | ||
| Q4 24 | $210.0M | $80.7M | ||
| Q3 24 | $193.9M | $82.4M | ||
| Q2 24 | $173.6M | $114.4M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $47.2M | ||
| Q3 25 | $-1.2M | $55.4M | ||
| Q2 25 | $-4.9M | $10.1M | ||
| Q1 25 | $-3.7M | $8.1M | ||
| Q4 24 | — | $21.4M | ||
| Q3 24 | $413.0K | $9.4M | ||
| Q2 24 | $4.1M | $51.3M |
| 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% | 42.8% | ||
| Q3 25 | -1.0% | 47.8% | ||
| Q2 25 | -2.1% | 18.5% | ||
| Q1 25 | -2.7% | 19.4% | ||
| Q4 24 | -1.3% | 29.0% | ||
| Q3 24 | -0.5% | 23.2% | ||
| Q2 24 | -3.5% | 48.5% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 39.3% | ||
| Q3 25 | -0.6% | 44.6% | ||
| Q2 25 | -2.7% | 12.0% | ||
| Q1 25 | -2.1% | 10.7% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | 0.2% | 11.4% | ||
| Q2 24 | 2.3% | 44.9% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $1.11 | ||
| Q3 25 | $-0.04 | $1.30 | ||
| Q2 25 | $-0.16 | $0.24 | ||
| Q1 25 | $-0.13 | $0.17 | ||
| Q4 24 | $0.27 | $0.50 | ||
| Q3 24 | $0.01 | $0.22 | ||
| Q2 24 | $-0.17 | $1.25 |
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 | $294.5M |
| Total DebtLower is stronger | — | $513.2M |
| Stockholders' EquityBook value | $405.7M | $1.1B |
| Total Assets | $984.2M | $1.8B |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $294.5M | ||
| Q3 25 | $80.4M | $268.3M | ||
| Q2 25 | $68.1M | $277.9M | ||
| Q1 25 | $41.7M | $316.9M | ||
| Q4 24 | $83.8M | $314.5M | ||
| Q3 24 | $79.9M | $348.6M | ||
| Q2 24 | $76.4M | $353.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $513.2M | ||
| Q3 25 | — | $526.4M | ||
| Q2 25 | — | $539.6M | ||
| Q1 25 | — | $553.3M | ||
| Q4 24 | — | $565.9M | ||
| Q3 24 | — | $579.0M | ||
| Q2 24 | — | $592.1M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.1B | ||
| Q3 25 | $392.7M | $1.1B | ||
| Q2 25 | $384.5M | $1.0B | ||
| Q1 25 | $345.4M | $1.0B | ||
| Q4 24 | $312.5M | $1.1B | ||
| Q3 24 | $336.6M | $1.1B | ||
| Q2 24 | $307.4M | $1.1B |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $964.4M | $1.8B | ||
| Q4 24 | $989.2M | $1.8B | ||
| Q3 24 | $1.0B | $1.9B | ||
| Q2 24 | $1.0B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.53× |
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 | — | $80.8M |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $80.8M | ||
| Q3 25 | $22.2M | $46.4M | ||
| Q2 25 | $31.7M | $814.5K | ||
| Q1 25 | $-3.1M | $50.2M | ||
| Q4 24 | $36.5M | $24.3M | ||
| Q3 24 | $20.5M | $57.3M | ||
| Q2 24 | $24.4M | $41.2M |
| 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 | — | 1.71× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 6.20× | ||
| Q4 24 | — | 1.14× | ||
| Q3 24 | 49.55× | 6.08× | ||
| Q2 24 | 6.03× | 0.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
