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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($308.3M vs $208.8M, roughly 1.5× Bandwidth Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs 1.8%, a 0.2% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 9.9%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 2.3%).
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 MTUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $308.3M |
| Net Profit | $4.0M | $5.4M |
| Gross Margin | 37.3% | 8.1% |
| Operating Margin | 60.5% | — |
| Net Margin | 1.9% | 1.8% |
| Revenue YoY | 20.1% | 9.9% |
| Net Profit YoY | 200.0% | 315.4% |
| 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 | $308.3M | ||
| Q4 25 | $207.7M | $267.3M | ||
| Q3 25 | $191.9M | $305.9M | ||
| Q2 25 | $180.0M | $304.6M | ||
| Q1 25 | $174.2M | $280.5M | ||
| Q4 24 | $210.0M | $240.5M | ||
| Q3 24 | $193.9M | $227.2M | ||
| Q2 24 | $173.6M | $294.7M |
| Q1 26 | $4.0M | $5.4M | ||
| Q4 25 | — | $-14.3M | ||
| Q3 25 | $-1.2M | $8.1M | ||
| Q2 25 | $-4.9M | $3.7M | ||
| Q1 25 | $-3.7M | $1.3M | ||
| Q4 24 | — | $-21.4M | ||
| Q3 24 | $413.0K | $-5.9M | ||
| Q2 24 | $4.1M | $4.6M |
| Q1 26 | 37.3% | 8.1% | ||
| Q4 25 | 37.6% | 2.2% | ||
| Q3 25 | 38.5% | 11.4% | ||
| Q2 25 | 39.8% | 10.6% | ||
| Q1 25 | 41.0% | 7.8% | ||
| Q4 24 | 36.4% | 4.5% | ||
| Q3 24 | 37.7% | 5.3% | ||
| Q2 24 | 37.3% | 8.2% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | -7.7% | ||
| Q3 25 | -1.0% | 3.6% | ||
| Q2 25 | -2.1% | 2.8% | ||
| Q1 25 | -2.7% | 1.0% | ||
| Q4 24 | -1.3% | -10.1% | ||
| Q3 24 | -0.5% | -3.1% | ||
| Q2 24 | -3.5% | 2.1% |
| Q1 26 | 1.9% | 1.8% | ||
| Q4 25 | — | -5.3% | ||
| Q3 25 | -0.6% | 2.6% | ||
| Q2 25 | -2.7% | 1.2% | ||
| Q1 25 | -2.1% | 0.5% | ||
| Q4 24 | — | -8.9% | ||
| Q3 24 | 0.2% | -2.6% | ||
| Q2 24 | 2.3% | 1.6% |
| Q1 26 | $-0.08 | $0.13 | ||
| Q4 25 | $-0.10 | $-0.34 | ||
| Q3 25 | $-0.04 | $0.19 | ||
| Q2 25 | $-0.16 | $0.09 | ||
| Q1 25 | $-0.13 | $0.03 | ||
| Q4 24 | $0.27 | $-0.46 | ||
| Q3 24 | $0.01 | $-0.13 | ||
| Q2 24 | $-0.17 | $0.10 |
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 | $104.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $683.0M |
| Total Assets | $984.2M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | $104.0M | ||
| Q4 25 | $111.3M | $156.7M | ||
| Q3 25 | $80.4M | $191.5M | ||
| Q2 25 | $68.1M | $190.8M | ||
| Q1 25 | $41.7M | $180.3M | ||
| Q4 24 | $83.8M | $240.7M | ||
| Q3 24 | $79.9M | $254.6M | ||
| Q2 24 | $76.4M | $272.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $5.4M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $13.2M |
| Q1 26 | $405.7M | $683.0M | ||
| Q4 25 | $400.0M | $686.0M | ||
| Q3 25 | $392.7M | $697.7M | ||
| Q2 25 | $384.5M | $690.0M | ||
| Q1 25 | $345.4M | $686.1M | ||
| Q4 24 | $312.5M | $690.5M | ||
| Q3 24 | $336.6M | $712.7M | ||
| Q2 24 | $307.4M | $736.3M |
| Q1 26 | $984.2M | $1.1B | ||
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $964.4M | $1.1B | ||
| Q4 24 | $989.2M | $1.1B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.0B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× |
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 | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $-1.9M | ||
| Q3 25 | $22.2M | $22.0M | ||
| Q2 25 | $31.7M | $34.8M | ||
| Q1 25 | $-3.1M | $-38.9M | ||
| Q4 24 | $36.5M | $13.9M | ||
| Q3 24 | $20.5M | $-15.3M | ||
| Q2 24 | $24.4M | $8.3M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-6.4M | ||
| Q2 25 | — | $17.0M | ||
| Q1 25 | — | $-66.4M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-32.9M | ||
| Q2 24 | — | $-5.8M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -13.9% | ||
| Q3 25 | — | -2.1% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | -23.7% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | -14.5% | ||
| Q2 24 | — | -2.0% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 9.8% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 9.41× | ||
| Q1 25 | — | -29.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | 1.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
