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Side-by-side financial comparison of Bandwidth Inc. (BAND) and NWPX Infrastructure, Inc. (NWPX). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $138.3M, roughly 1.5× NWPX Infrastructure, Inc.). NWPX Infrastructure, Inc. runs the higher net margin — 7.6% vs 1.9%, a 5.7% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 19.1%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 3.3%).
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 NWPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $138.3M |
| Net Profit | $4.0M | $10.5M |
| Gross Margin | 37.3% | 19.3% |
| Operating Margin | 60.5% | 9.2% |
| Net Margin | 1.9% | 7.6% |
| Revenue YoY | 20.1% | 19.1% |
| Net Profit YoY | 200.0% | 165.7% |
| EPS (diluted) | $-0.08 | $1.08 |
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 | $138.3M | ||
| Q4 25 | $207.7M | $125.6M | ||
| Q3 25 | $191.9M | $151.1M | ||
| Q2 25 | $180.0M | $133.2M | ||
| Q1 25 | $174.2M | $116.1M | ||
| Q4 24 | $210.0M | $119.6M | ||
| Q3 24 | $193.9M | $130.2M | ||
| Q2 24 | $173.6M | $129.5M |
| Q1 26 | $4.0M | $10.5M | ||
| Q4 25 | — | $8.9M | ||
| Q3 25 | $-1.2M | $13.5M | ||
| Q2 25 | $-4.9M | $9.1M | ||
| Q1 25 | $-3.7M | $4.0M | ||
| Q4 24 | — | $10.1M | ||
| Q3 24 | $413.0K | $10.3M | ||
| Q2 24 | $4.1M | $8.6M |
| Q1 26 | 37.3% | 19.3% | ||
| Q4 25 | 37.6% | 21.3% | ||
| Q3 25 | 38.5% | 21.3% | ||
| Q2 25 | 39.8% | 19.0% | ||
| Q1 25 | 41.0% | 16.7% | ||
| Q4 24 | 36.4% | 18.8% | ||
| Q3 24 | 37.7% | 20.8% | ||
| Q2 24 | 37.3% | 19.9% |
| Q1 26 | 60.5% | 9.2% | ||
| Q4 25 | -1.9% | 10.4% | ||
| Q3 25 | -1.0% | 12.6% | ||
| Q2 25 | -2.1% | 9.9% | ||
| Q1 25 | -2.7% | 4.8% | ||
| Q4 24 | -1.3% | 8.8% | ||
| Q3 24 | -0.5% | 11.9% | ||
| Q2 24 | -3.5% | 10.5% |
| Q1 26 | 1.9% | 7.6% | ||
| Q4 25 | — | 7.1% | ||
| Q3 25 | -0.6% | 8.9% | ||
| Q2 25 | -2.7% | 6.8% | ||
| Q1 25 | -2.1% | 3.4% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | 0.2% | 7.9% | ||
| Q2 24 | 2.3% | 6.7% |
| Q1 26 | $-0.08 | $1.08 | ||
| Q4 25 | $-0.10 | $0.88 | ||
| Q3 25 | $-0.04 | $1.38 | ||
| Q2 25 | $-0.16 | $0.91 | ||
| Q1 25 | $-0.13 | $0.39 | ||
| Q4 24 | $0.27 | $1.00 | ||
| Q3 24 | $0.01 | $1.02 | ||
| Q2 24 | $-0.17 | $0.86 |
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 | $14.3M |
| Total DebtLower is stronger | — | $10.7M |
| Stockholders' EquityBook value | $405.7M | $403.7M |
| Total Assets | $984.2M | $634.1M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | $14.3M | ||
| Q4 25 | $111.3M | $2.3M | ||
| Q3 25 | $80.4M | $2.7M | ||
| Q2 25 | $68.1M | $2.0M | ||
| Q1 25 | $41.7M | $5.3M | ||
| Q4 24 | $83.8M | $5.0M | ||
| Q3 24 | $79.9M | $5.7M | ||
| Q2 24 | $76.4M | $4.5M |
| Q1 26 | — | $10.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $405.7M | $403.7M | ||
| Q4 25 | $400.0M | $394.8M | ||
| Q3 25 | $392.7M | $386.4M | ||
| Q2 25 | $384.5M | $379.5M | ||
| Q1 25 | $345.4M | $378.5M | ||
| Q4 24 | $312.5M | $374.0M | ||
| Q3 24 | $336.6M | $362.4M | ||
| Q2 24 | $307.4M | $351.2M |
| Q1 26 | $984.2M | $634.1M | ||
| Q4 25 | $1.1B | $579.6M | ||
| Q3 25 | $1.0B | $605.2M | ||
| Q2 25 | $1.0B | $592.6M | ||
| Q1 25 | $964.4M | $582.2M | ||
| Q4 24 | $989.2M | $589.7M | ||
| Q3 24 | $1.0B | $617.2M | ||
| Q2 24 | $1.0B | $631.7M |
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 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 | — | $29.3M |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.3M | ||
| Q4 25 | $38.6M | $36.0M | ||
| Q3 25 | $22.2M | $21.0M | ||
| Q2 25 | $31.7M | $5.4M | ||
| Q1 25 | $-3.1M | $4.8M | ||
| Q4 24 | $36.5M | $36.1M | ||
| Q3 24 | $20.5M | $22.7M | ||
| Q2 24 | $24.4M | $22.3M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $30.8M | ||
| Q3 25 | — | $13.2M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $1.2M | ||
| Q4 24 | — | $31.9M | ||
| Q3 24 | — | $16.8M | ||
| Q2 24 | — | $16.2M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 24.5% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 12.9% | ||
| Q2 24 | — | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 4.7% |
| Q1 26 | — | 2.78× | ||
| Q4 25 | — | 4.06× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 3.58× | ||
| Q3 24 | 49.55× | 2.22× | ||
| Q2 24 | 6.03× | 2.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
