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Side-by-side financial comparison of Bandwidth Inc. (BAND) and PAMT CORP (PAMT). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $141.3M, roughly 1.5× PAMT CORP). Bandwidth Inc. runs the higher net margin — 1.9% vs -20.7%, a 22.6% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -15.1%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-25.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -12.0%).
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 PAMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $141.3M |
| Net Profit | $4.0M | $-29.3M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | -27.0% |
| Net Margin | 1.9% | -20.7% |
| Revenue YoY | 20.1% | -15.1% |
| Net Profit YoY | 200.0% | 7.4% |
| EPS (diluted) | $-0.08 | $-1.38 |
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 | — | ||
| Q4 25 | $207.7M | $141.3M | ||
| Q3 25 | $191.9M | $150.3M | ||
| Q2 25 | $180.0M | $151.1M | ||
| Q1 25 | $174.2M | $155.3M | ||
| Q4 24 | $210.0M | $166.5M | ||
| Q3 24 | $193.9M | $182.6M | ||
| Q2 24 | $173.6M | $182.9M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-29.3M | ||
| Q3 25 | $-1.2M | $-5.6M | ||
| Q2 25 | $-4.9M | $-9.6M | ||
| Q1 25 | $-3.7M | $-8.1M | ||
| Q4 24 | — | $-31.6M | ||
| Q3 24 | $413.0K | $2.4M | ||
| Q2 24 | $4.1M | $-2.9M |
| 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% | -27.0% | ||
| Q3 25 | -1.0% | -3.8% | ||
| Q2 25 | -2.1% | -7.3% | ||
| Q1 25 | -2.7% | -5.9% | ||
| Q4 24 | -1.3% | -22.6% | ||
| Q3 24 | -0.5% | 1.3% | ||
| Q2 24 | -3.5% | -0.4% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -20.7% | ||
| Q3 25 | -0.6% | -3.7% | ||
| Q2 25 | -2.7% | -6.4% | ||
| Q1 25 | -2.1% | -5.2% | ||
| Q4 24 | — | -19.0% | ||
| Q3 24 | 0.2% | 1.3% | ||
| Q2 24 | 2.3% | -1.6% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $-1.38 | ||
| Q3 25 | $-0.04 | $-0.27 | ||
| Q2 25 | $-0.16 | $-0.46 | ||
| Q1 25 | $-0.13 | $-0.37 | ||
| Q4 24 | $0.27 | $-1.44 | ||
| Q3 24 | $0.01 | $0.11 | ||
| Q2 24 | $-0.17 | $-0.13 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $405.7M | $210.5M |
| Total Assets | $984.2M | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $83.7M | ||
| Q3 25 | $80.4M | $115.6M | ||
| Q2 25 | $68.1M | $117.3M | ||
| Q1 25 | $41.7M | $102.7M | ||
| Q4 24 | $83.8M | $110.7M | ||
| Q3 24 | $79.9M | $92.3M | ||
| Q2 24 | $76.4M | $114.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $210.5M | ||
| Q3 25 | $392.7M | $239.5M | ||
| Q2 25 | $384.5M | $244.9M | ||
| Q1 25 | $345.4M | $269.6M | ||
| Q4 24 | $312.5M | $277.5M | ||
| Q3 24 | $336.6M | $308.9M | ||
| Q2 24 | $307.4M | $306.7M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $697.9M | ||
| Q3 25 | $1.0B | $715.2M | ||
| Q2 25 | $1.0B | $707.9M | ||
| Q1 25 | $964.4M | $712.6M | ||
| Q4 24 | $989.2M | $741.7M | ||
| Q3 24 | $1.0B | $756.7M | ||
| Q2 24 | $1.0B | $733.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | — | $-5.8M |
| Free Cash FlowOCF − Capex | $-1.0M | $-25.0M |
| FCF MarginFCF / Revenue | -0.5% | -17.7% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $-5.8M | ||
| Q3 25 | $22.2M | $5.9M | ||
| Q2 25 | $31.7M | $12.2M | ||
| Q1 25 | $-3.1M | $5.0M | ||
| Q4 24 | $36.5M | $15.2M | ||
| Q3 24 | $20.5M | $15.5M | ||
| Q2 24 | $24.4M | $18.7M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-25.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | — | $-33.6M | ||
| Q2 24 | — | $4.1M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -17.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | 6.44× | ||
| Q2 24 | 6.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
