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Side-by-side financial comparison of Bandwidth Inc. (BAND) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $207.7M, roughly 1.2× Bandwidth Inc.). On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -1.1%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (10.2% CAGR vs 7.1%).
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 OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $207.7M | $242.1M |
| Net Profit | — | $12.1M |
| Gross Margin | 37.6% | — |
| Operating Margin | -1.9% | 6.8% |
| Net Margin | — | 5.0% |
| Revenue YoY | -1.1% | 11.5% |
| Net Profit YoY | — | -16.2% |
| EPS (diluted) | $-0.10 | $0.12 |
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.
| Q4 25 | $207.7M | $242.1M | ||
| Q3 25 | $191.9M | $258.5M | ||
| Q2 25 | $180.0M | $240.7M | ||
| Q1 25 | $174.2M | $219.6M | ||
| Q4 24 | $210.0M | $217.2M | ||
| Q3 24 | $193.9M | $241.7M | ||
| Q2 24 | $173.6M | $224.9M | ||
| Q1 24 | $171.0M | $211.2M |
| Q4 25 | — | $12.1M | ||
| Q3 25 | $-1.2M | $24.3M | ||
| Q2 25 | $-4.9M | $19.9M | ||
| Q1 25 | $-3.7M | $15.3M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | $413.0K | $21.6M | ||
| Q2 24 | $4.1M | $15.8M | ||
| Q1 24 | $-9.2M | $21.2M |
| 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 24 | 38.3% | — |
| Q4 25 | -1.9% | 6.8% | ||
| Q3 25 | -1.0% | 10.2% | ||
| Q2 25 | -2.1% | 9.2% | ||
| Q1 25 | -2.7% | 7.7% | ||
| Q4 24 | -1.3% | 7.9% | ||
| Q3 24 | -0.5% | 10.3% | ||
| Q2 24 | -3.5% | 8.4% | ||
| Q1 24 | -6.1% | 8.0% |
| Q4 25 | — | 5.0% | ||
| Q3 25 | -0.6% | 9.4% | ||
| Q2 25 | -2.7% | 8.3% | ||
| Q1 25 | -2.1% | 7.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 0.2% | 8.9% | ||
| Q2 24 | 2.3% | 7.0% | ||
| Q1 24 | -5.4% | 10.0% |
| Q4 25 | $-0.10 | $0.12 | ||
| Q3 25 | $-0.04 | $0.23 | ||
| Q2 25 | $-0.16 | $0.19 | ||
| Q1 25 | $-0.13 | $0.15 | ||
| Q4 24 | $0.27 | $0.13 | ||
| Q3 24 | $0.01 | $0.20 | ||
| Q2 24 | $-0.17 | $0.15 | ||
| Q1 24 | $-0.35 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.3M | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $400.0M | $542.6M |
| Total Assets | $1.1B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.3M | $16.3M | ||
| Q3 25 | $80.4M | $29.6M | ||
| Q2 25 | $68.1M | $35.0M | ||
| Q1 25 | $41.7M | $22.6M | ||
| Q4 24 | $83.8M | $57.4M | ||
| Q3 24 | $79.9M | $48.8M | ||
| Q2 24 | $76.4M | $62.5M | ||
| Q1 24 | $147.2M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $400.0M | $542.6M | ||
| Q3 25 | $392.7M | $552.8M | ||
| Q2 25 | $384.5M | $548.3M | ||
| Q1 25 | $345.4M | $530.6M | ||
| Q4 24 | $312.5M | $554.5M | ||
| Q3 24 | $336.6M | $540.1M | ||
| Q2 24 | $307.4M | $532.7M | ||
| Q1 24 | $298.2M | $515.5M |
| Q4 25 | $1.1B | $707.1M | ||
| Q3 25 | $1.0B | $732.6M | ||
| Q2 25 | $1.0B | $731.8M | ||
| Q1 25 | $964.4M | $708.7M | ||
| Q4 24 | $989.2M | $746.4M | ||
| Q3 24 | $1.0B | $734.0M | ||
| Q2 24 | $1.0B | $756.8M | ||
| Q1 24 | $1.1B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $38.6M | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.6M | $20.0M | ||
| Q3 25 | $22.2M | $33.2M | ||
| Q2 25 | $31.7M | $20.3M | ||
| Q1 25 | $-3.1M | $10.1M | ||
| Q4 24 | $36.5M | $16.6M | ||
| Q3 24 | $20.5M | $28.6M | ||
| Q2 24 | $24.4M | $18.7M | ||
| Q1 24 | $2.5M | $15.0M |
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M | ||
| Q1 24 | — | $13.7M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 6.5% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | 49.55× | 1.33× | ||
| Q2 24 | 6.03× | 1.19× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
| Messaging Surcharges | $192.4M | 93% |
| Other | $15.2M | 7% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
