vs
Side-by-side financial comparison of Bandwidth Inc. (BAND) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $143.3M, roughly 1.5× Piedmont Realty Trust, Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs -31.4%, a 33.3% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 0.4%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 0.0%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
BAND vs PDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $143.3M |
| Net Profit | $4.0M | $-45.0M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | — |
| Net Margin | 1.9% | -31.4% |
| Revenue YoY | 20.1% | 0.4% |
| Net Profit YoY | 200.0% | -27.9% |
| EPS (diluted) | $-0.08 | $-0.10 |
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 | $143.3M | ||
| Q4 25 | $207.7M | $142.9M | ||
| Q3 25 | $191.9M | $139.2M | ||
| Q2 25 | $180.0M | $140.3M | ||
| Q1 25 | $174.2M | $142.7M | ||
| Q4 24 | $210.0M | $143.2M | ||
| Q3 24 | $193.9M | $139.3M | ||
| Q2 24 | $173.6M | $143.3M |
| Q1 26 | $4.0M | $-45.0M | ||
| Q4 25 | — | $-43.2M | ||
| Q3 25 | $-1.2M | $-13.5M | ||
| Q2 25 | $-4.9M | $-16.8M | ||
| Q1 25 | $-3.7M | $-10.1M | ||
| Q4 24 | — | $-30.0M | ||
| Q3 24 | $413.0K | $-11.5M | ||
| Q2 24 | $4.1M | $-9.8M |
| 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% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | -2.1% | — | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | -1.3% | — | ||
| Q3 24 | -0.5% | — | ||
| Q2 24 | -3.5% | — |
| Q1 26 | 1.9% | -31.4% | ||
| Q4 25 | — | -30.3% | ||
| Q3 25 | -0.6% | -9.7% | ||
| Q2 25 | -2.7% | -12.0% | ||
| Q1 25 | -2.1% | -7.1% | ||
| Q4 24 | — | -20.9% | ||
| Q3 24 | 0.2% | -8.3% | ||
| Q2 24 | 2.3% | -6.8% |
| Q1 26 | $-0.08 | $-0.10 | ||
| Q4 25 | $-0.10 | $-0.34 | ||
| Q3 25 | $-0.04 | $-0.11 | ||
| Q2 25 | $-0.16 | $-0.14 | ||
| Q1 25 | $-0.13 | $-0.08 | ||
| Q4 24 | $0.27 | $-0.25 | ||
| Q3 24 | $0.01 | $-0.09 | ||
| Q2 24 | $-0.17 | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $1.5B |
| Total Assets | $984.2M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | $2.3M | ||
| Q4 25 | $111.3M | $731.0K | ||
| Q3 25 | $80.4M | $3.0M | ||
| Q2 25 | $68.1M | $3.3M | ||
| Q1 25 | $41.7M | $2.9M | ||
| Q4 24 | $83.8M | $109.6M | ||
| Q3 24 | $79.9M | $133.6M | ||
| Q2 24 | $76.4M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | $405.7M | $1.5B | ||
| Q4 25 | $400.0M | $1.5B | ||
| Q3 25 | $392.7M | $1.5B | ||
| Q2 25 | $384.5M | $1.5B | ||
| Q1 25 | $345.4M | $1.6B | ||
| Q4 24 | $312.5M | $1.6B | ||
| Q3 24 | $336.6M | $1.6B | ||
| Q2 24 | $307.4M | $1.7B |
| Q1 26 | $984.2M | $4.0B | ||
| Q4 25 | $1.1B | $4.0B | ||
| Q3 25 | $1.0B | $4.0B | ||
| Q2 25 | $1.0B | $4.0B | ||
| Q1 25 | $964.4M | $4.0B | ||
| Q4 24 | $989.2M | $4.1B | ||
| Q3 24 | $1.0B | $4.1B | ||
| Q2 24 | $1.0B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
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 | — | 110.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $140.6M | ||
| Q3 25 | $22.2M | $35.8M | ||
| Q2 25 | $31.7M | $50.1M | ||
| Q1 25 | $-3.1M | $3.7M | ||
| Q4 24 | $36.5M | $198.1M | ||
| Q3 24 | $20.5M | $42.9M | ||
| Q2 24 | $24.4M | $66.8M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
