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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $121.0M, roughly 1.7× Ramaco Resources, Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs -11.0%, a 12.9% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -27.7%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-17.5M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
BAND vs METC — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $121.0M |
| Net Profit | $4.0M | $-13.3M |
| Gross Margin | 37.3% | 15.8% |
| Operating Margin | 60.5% | -12.0% |
| Net Margin | 1.9% | -11.0% |
| Revenue YoY | 20.1% | -27.7% |
| Net Profit YoY | 200.0% | -5468.2% |
| EPS (diluted) | $-0.08 | — |
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 | — | ||
| Q3 25 | $191.9M | $121.0M | ||
| Q2 25 | $180.0M | $153.0M | ||
| Q1 25 | $174.2M | $134.7M | ||
| Q4 24 | $210.0M | $170.9M | ||
| Q3 24 | $193.9M | $167.4M | ||
| Q2 24 | $173.6M | $155.3M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-1.2M | $-13.3M | ||
| Q2 25 | $-4.9M | $-14.0M | ||
| Q1 25 | $-3.7M | $-9.5M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | $413.0K | $-239.0K | ||
| Q2 24 | $4.1M | $5.5M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | 15.8% | ||
| Q2 25 | 39.8% | 12.3% | ||
| Q1 25 | 41.0% | 15.2% | ||
| Q4 24 | 36.4% | 20.4% | ||
| Q3 24 | 37.7% | 19.5% | ||
| Q2 24 | 37.3% | 21.0% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | — | ||
| Q3 25 | -1.0% | -12.0% | ||
| Q2 25 | -2.1% | -9.1% | ||
| Q1 25 | -2.7% | -8.9% | ||
| Q4 24 | -1.3% | 3.7% | ||
| Q3 24 | -0.5% | 1.0% | ||
| Q2 24 | -3.5% | 3.5% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -0.6% | -11.0% | ||
| Q2 25 | -2.7% | -9.1% | ||
| Q1 25 | -2.1% | -7.0% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | 0.2% | -0.1% | ||
| Q2 24 | 2.3% | 3.6% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | $0.27 | $0.06 | ||
| Q3 24 | $0.01 | $-0.03 | ||
| Q2 24 | $-0.17 | $0.08 |
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 | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $405.7M | $526.9M |
| Total Assets | $984.2M | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | — | ||
| Q3 25 | $80.4M | $193.8M | ||
| Q2 25 | $68.1M | $28.1M | ||
| Q1 25 | $41.7M | $43.5M | ||
| Q4 24 | $83.8M | $33.0M | ||
| Q3 24 | $79.9M | $22.9M | ||
| Q2 24 | $76.4M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | — | ||
| Q3 25 | $392.7M | $526.9M | ||
| Q2 25 | $384.5M | $347.4M | ||
| Q1 25 | $345.4M | $355.2M | ||
| Q4 24 | $312.5M | $362.8M | ||
| Q3 24 | $336.6M | $361.8M | ||
| Q2 24 | $307.4M | $366.1M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $849.7M | ||
| Q2 25 | $1.0B | $674.6M | ||
| Q1 25 | $964.4M | $685.7M | ||
| Q4 24 | $989.2M | $674.7M | ||
| Q3 24 | $1.0B | $645.4M | ||
| Q2 24 | $1.0B | $659.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-1.4M |
| Free Cash FlowOCF − Capex | $-1.0M | $-17.5M |
| FCF MarginFCF / Revenue | -0.5% | -14.5% |
| Capex IntensityCapex / Revenue | — | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | — | ||
| Q3 25 | $22.2M | $-1.4M | ||
| Q2 25 | $31.7M | $-4.3M | ||
| Q1 25 | $-3.1M | $26.0M | ||
| Q4 24 | $36.5M | $15.7M | ||
| Q3 24 | $20.5M | $37.4M | ||
| Q2 24 | $24.4M | $34.4M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-17.5M | ||
| Q2 25 | — | $-19.8M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $25.6M | ||
| Q2 24 | — | $20.3M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -14.5% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | 6.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
