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Side-by-side financial comparison of Bandwidth Inc. (BAND) and MGIC INVESTMENT CORP (MTG). Click either name above to swap in a different company.
MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $208.8M, roughly 1.4× Bandwidth Inc.). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 1.9%, a 53.7% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -3.0%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -1.4%).
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.
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
BAND vs MTG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $297.1M |
| Net Profit | $4.0M | $165.3M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | — |
| Net Margin | 1.9% | 55.6% |
| Revenue YoY | 20.1% | -3.0% |
| Net Profit YoY | 200.0% | -10.9% |
| EPS (diluted) | $-0.08 | $0.76 |
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 | $297.1M | ||
| Q4 25 | $207.7M | $298.7M | ||
| Q3 25 | $191.9M | $304.5M | ||
| Q2 25 | $180.0M | $304.2M | ||
| Q1 25 | $174.2M | $306.2M | ||
| Q4 24 | $210.0M | $301.4M | ||
| Q3 24 | $193.9M | $306.6M | ||
| Q2 24 | $173.6M | $305.3M |
| Q1 26 | $4.0M | $165.3M | ||
| Q4 25 | — | $169.3M | ||
| Q3 25 | $-1.2M | $191.1M | ||
| Q2 25 | $-4.9M | $192.5M | ||
| Q1 25 | $-3.7M | $185.5M | ||
| Q4 24 | — | $184.7M | ||
| Q3 24 | $413.0K | $200.0M | ||
| Q2 24 | $4.1M | $204.2M |
| 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% | 71.2% | ||
| Q3 25 | -1.0% | 77.2% | ||
| Q2 25 | -2.1% | 80.9% | ||
| Q1 25 | -2.7% | 76.6% | ||
| Q4 24 | -1.3% | 77.9% | ||
| Q3 24 | -0.5% | 82.9% | ||
| Q2 24 | -3.5% | 85.1% |
| Q1 26 | 1.9% | 55.6% | ||
| Q4 25 | — | 56.7% | ||
| Q3 25 | -0.6% | 62.8% | ||
| Q2 25 | -2.7% | 63.3% | ||
| Q1 25 | -2.1% | 60.6% | ||
| Q4 24 | — | 61.3% | ||
| Q3 24 | 0.2% | 65.2% | ||
| Q2 24 | 2.3% | 66.9% |
| Q1 26 | $-0.08 | $0.76 | ||
| Q4 25 | $-0.10 | $0.75 | ||
| Q3 25 | $-0.04 | $0.83 | ||
| Q2 25 | $-0.16 | $0.81 | ||
| Q1 25 | $-0.13 | $0.75 | ||
| Q4 24 | $0.27 | $0.71 | ||
| Q3 24 | $0.01 | $0.77 | ||
| Q2 24 | $-0.17 | $0.77 |
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 | $235.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $5.0B |
| Total Assets | $984.2M | $6.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | $235.1M | ||
| Q4 25 | $111.3M | $369.0M | ||
| Q3 25 | $80.4M | $266.9M | ||
| Q2 25 | $68.1M | $294.9M | ||
| Q1 25 | $41.7M | $207.0M | ||
| Q4 24 | $83.8M | $229.5M | ||
| Q3 24 | $79.9M | $288.6M | ||
| Q2 24 | $76.4M | $281.8M |
| Q1 26 | $405.7M | $5.0B | ||
| Q4 25 | $400.0M | $5.1B | ||
| Q3 25 | $392.7M | $5.2B | ||
| Q2 25 | $384.5M | $5.2B | ||
| Q1 25 | $345.4M | $5.1B | ||
| Q4 24 | $312.5M | $5.2B | ||
| Q3 24 | $336.6M | $5.3B | ||
| Q2 24 | $307.4M | $5.1B |
| Q1 26 | $984.2M | $6.4B | ||
| Q4 25 | $1.1B | $6.6B | ||
| Q3 25 | $1.0B | $6.6B | ||
| Q2 25 | $1.0B | $6.5B | ||
| Q1 25 | $964.4M | $6.5B | ||
| Q4 24 | $989.2M | $6.5B | ||
| Q3 24 | $1.0B | $6.7B | ||
| Q2 24 | $1.0B | $6.5B |
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 | — | — |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $230.8M | ||
| Q3 25 | $22.2M | $215.4M | ||
| Q2 25 | $31.7M | $183.0M | ||
| Q1 25 | $-3.1M | $223.7M | ||
| Q4 24 | $36.5M | $182.4M | ||
| Q3 24 | $20.5M | $182.9M | ||
| Q2 24 | $24.4M | $169.2M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $230.2M | ||
| Q3 25 | — | $215.1M | ||
| Q2 25 | — | $183.0M | ||
| Q1 25 | — | $223.5M | ||
| Q4 24 | — | $181.9M | ||
| Q3 24 | — | $182.5M | ||
| Q2 24 | — | $169.0M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 77.1% | ||
| Q3 25 | — | 70.6% | ||
| Q2 25 | — | 60.1% | ||
| Q1 25 | — | 73.0% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 55.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | 49.55× | 0.91× | ||
| Q2 24 | 6.03× | 0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
