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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Nutex Health, Inc. (NUTX). Click either name above to swap in a different company.

Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $151.7M, roughly 1.4× Nutex Health, Inc.). Nutex Health, Inc. runs the higher net margin — 7.8% vs 1.9%, a 5.9% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -41.1%). Nutex Health, Inc. produced more free cash flow last quarter ($69.0M vs $-1.0M). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% 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.

Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.

BAND vs NUTX — Head-to-Head

Bigger by revenue
BAND
BAND
1.4× larger
BAND
$208.8M
$151.7M
NUTX
Growing faster (revenue YoY)
BAND
BAND
+61.2% gap
BAND
20.1%
-41.1%
NUTX
Higher net margin
NUTX
NUTX
5.9% more per $
NUTX
7.8%
1.9%
BAND
More free cash flow
NUTX
NUTX
$70.0M more FCF
NUTX
$69.0M
$-1.0M
BAND
Faster 2-yr revenue CAGR
NUTX
NUTX
Annualised
NUTX
50.0%
9.7%
BAND

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAND
BAND
NUTX
NUTX
Revenue
$208.8M
$151.7M
Net Profit
$4.0M
$11.8M
Gross Margin
37.3%
30.4%
Operating Margin
60.5%
20.4%
Net Margin
1.9%
7.8%
Revenue YoY
20.1%
-41.1%
Net Profit YoY
200.0%
-80.8%
EPS (diluted)
$-0.08
$2.34

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.

Revenue
BAND
BAND
NUTX
NUTX
Q1 26
$208.8M
Q4 25
$207.7M
$151.7M
Q3 25
$191.9M
$267.8M
Q2 25
$180.0M
$244.0M
Q1 25
$174.2M
$211.8M
Q4 24
$210.0M
$257.6M
Q3 24
$193.9M
$78.8M
Q2 24
$173.6M
$76.1M
Net Profit
BAND
BAND
NUTX
NUTX
Q1 26
$4.0M
Q4 25
$11.8M
Q3 25
$-1.2M
$55.4M
Q2 25
$-4.9M
$-17.7M
Q1 25
$-3.7M
$21.2M
Q4 24
$61.6M
Q3 24
$413.0K
$-8.8M
Q2 24
$4.1M
$-364.0K
Gross Margin
BAND
BAND
NUTX
NUTX
Q1 26
37.3%
Q4 25
37.6%
30.4%
Q3 25
38.5%
57.8%
Q2 25
39.8%
51.2%
Q1 25
41.0%
55.9%
Q4 24
36.4%
55.0%
Q3 24
37.7%
27.8%
Q2 24
37.3%
29.7%
Operating Margin
BAND
BAND
NUTX
NUTX
Q1 26
60.5%
Q4 25
-1.9%
20.4%
Q3 25
-1.0%
48.7%
Q2 25
-2.1%
13.8%
Q1 25
-2.7%
38.1%
Q4 24
-1.3%
44.4%
Q3 24
-0.5%
12.3%
Q2 24
-3.5%
7.0%
Net Margin
BAND
BAND
NUTX
NUTX
Q1 26
1.9%
Q4 25
7.8%
Q3 25
-0.6%
20.7%
Q2 25
-2.7%
-7.3%
Q1 25
-2.1%
10.0%
Q4 24
23.9%
Q3 24
0.2%
-11.2%
Q2 24
2.3%
-0.5%
EPS (diluted)
BAND
BAND
NUTX
NUTX
Q1 26
$-0.08
Q4 25
$-0.10
$2.34
Q3 25
$-0.04
$7.76
Q2 25
$-0.16
$-2.95
Q1 25
$-0.13
$3.33
Q4 24
$0.27
$11.56
Q3 24
$0.01
$-1.72
Q2 24
$-0.17
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BAND
BAND
NUTX
NUTX
Cash + ST InvestmentsLiquidity on hand
$47.3M
$185.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.7M
$329.4M
Total Assets
$984.2M
$918.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
NUTX
NUTX
Q1 26
$47.3M
Q4 25
$111.3M
$185.6M
Q3 25
$80.4M
$166.0M
Q2 25
$68.1M
$96.7M
Q1 25
$41.7M
$84.7M
Q4 24
$83.8M
$40.6M
Q3 24
$79.9M
$46.9M
Q2 24
$76.4M
$40.8M
Stockholders' Equity
BAND
BAND
NUTX
NUTX
Q1 26
$405.7M
Q4 25
$400.0M
$329.4M
Q3 25
$392.7M
$317.2M
Q2 25
$384.5M
$235.3M
Q1 25
$345.4M
$176.9M
Q4 24
$312.5M
$132.4M
Q3 24
$336.6M
$60.4M
Q2 24
$307.4M
$62.7M
Total Assets
BAND
BAND
NUTX
NUTX
Q1 26
$984.2M
Q4 25
$1.1B
$918.5M
Q3 25
$1.0B
$964.5M
Q2 25
$1.0B
$841.0M
Q1 25
$964.4M
$761.9M
Q4 24
$989.2M
$655.3M
Q3 24
$1.0B
$438.5M
Q2 24
$1.0B
$422.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BAND
BAND
NUTX
NUTX
Operating Cash FlowLast quarter
$70.4M
Free Cash FlowOCF − Capex
$-1.0M
$69.0M
FCF MarginFCF / Revenue
-0.5%
45.5%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
5.95×
TTM Free Cash FlowTrailing 4 quarters
$245.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
NUTX
NUTX
Q1 26
Q4 25
$38.6M
$70.4M
Q3 25
$22.2M
$99.5M
Q2 25
$31.7M
$27.3M
Q1 25
$-3.1M
$51.0M
Q4 24
$36.5M
$54.0K
Q3 24
$20.5M
$6.8M
Q2 24
$24.4M
$13.3M
Free Cash Flow
BAND
BAND
NUTX
NUTX
Q1 26
$-1.0M
Q4 25
$69.0M
Q3 25
$99.2M
Q2 25
$26.5M
Q1 25
$50.9M
Q4 24
$-341.0K
Q3 24
$6.2M
Q2 24
$12.7M
FCF Margin
BAND
BAND
NUTX
NUTX
Q1 26
-0.5%
Q4 25
45.5%
Q3 25
37.0%
Q2 25
10.9%
Q1 25
24.0%
Q4 24
-0.1%
Q3 24
7.8%
Q2 24
16.7%
Capex Intensity
BAND
BAND
NUTX
NUTX
Q1 26
Q4 25
0.9%
Q3 25
0.1%
Q2 25
0.3%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.8%
Q2 24
0.7%
Cash Conversion
BAND
BAND
NUTX
NUTX
Q1 26
Q4 25
5.95×
Q3 25
1.80×
Q2 25
Q1 25
2.40×
Q4 24
0.00×
Q3 24
49.55×
Q2 24
6.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BAND
BAND

Segment breakdown not available.

NUTX
NUTX

Hospital Division$143.7M95%
Population Health Management Division$8.0M5%

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