vs
Side-by-side financial comparison of Bandwidth Inc. (BAND) and TANGER INC. (SKT). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $150.4M, roughly 1.4× TANGER INC.). TANGER INC. runs the higher net margin — 19.6% vs 1.9%, a 17.6% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 11.1%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 8.0%).
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.
Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.
BAND vs SKT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $150.4M |
| Net Profit | $4.0M | $29.4M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | — |
| Net Margin | 1.9% | 19.6% |
| Revenue YoY | 20.1% | 11.1% |
| Net Profit YoY | 200.0% | 47.1% |
| EPS (diluted) | $-0.08 | $1.05 |
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 | $150.4M | ||
| Q4 25 | $207.7M | $151.0M | ||
| Q3 25 | $191.9M | $145.2M | ||
| Q2 25 | $180.0M | $140.7M | ||
| Q1 25 | $174.2M | $135.4M | ||
| Q4 24 | $210.0M | $132.2M | ||
| Q3 24 | $193.9M | $133.0M | ||
| Q2 24 | $173.6M | $129.0M |
| Q1 26 | $4.0M | $29.4M | ||
| Q4 25 | — | — | ||
| Q3 25 | $-1.2M | $32.0M | ||
| Q2 25 | $-4.9M | $30.1M | ||
| Q1 25 | $-3.7M | $19.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $413.0K | $24.9M | ||
| Q2 24 | $4.1M | $24.8M |
| 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% | 20.1% | ||
| Q2 25 | -2.1% | 20.1% | ||
| Q1 25 | -2.7% | 13.0% | ||
| Q4 24 | -1.3% | — | ||
| Q3 24 | -0.5% | 17.8% | ||
| Q2 24 | -3.5% | 17.8% |
| Q1 26 | 1.9% | 19.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | -0.6% | 22.1% | ||
| Q2 25 | -2.7% | 21.4% | ||
| Q1 25 | -2.1% | 14.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.2% | 18.7% | ||
| Q2 24 | 2.3% | 19.3% |
| Q1 26 | $-0.08 | $1.05 | ||
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $-0.04 | $0.28 | ||
| Q2 25 | $-0.16 | $0.26 | ||
| Q1 25 | $-0.13 | $0.17 | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $0.01 | $0.22 | ||
| Q2 24 | $-0.17 | $0.22 |
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 | $227.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $697.8M |
| Total Assets | $984.2M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | $227.4M | ||
| Q4 25 | $111.3M | $18.1M | ||
| Q3 25 | $80.4M | $13.0M | ||
| Q2 25 | $68.1M | $9.7M | ||
| Q1 25 | $41.7M | $10.2M | ||
| Q4 24 | $83.8M | $47.0M | ||
| Q3 24 | $79.9M | $11.1M | ||
| Q2 24 | $76.4M | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | $405.7M | $697.8M | ||
| Q4 25 | $400.0M | — | ||
| Q3 25 | $392.7M | $703.6M | ||
| Q2 25 | $384.5M | $635.2M | ||
| Q1 25 | $345.4M | $633.9M | ||
| Q4 24 | $312.5M | $652.4M | ||
| Q3 24 | $336.6M | $568.3M | ||
| Q2 24 | $307.4M | $553.7M |
| Q1 26 | $984.2M | $2.8B | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $2.6B | ||
| Q2 25 | $1.0B | $2.5B | ||
| Q1 25 | $964.4M | $2.5B | ||
| Q4 24 | $989.2M | $2.4B | ||
| Q3 24 | $1.0B | $2.3B | ||
| Q2 24 | $1.0B | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | — | 2.47× | ||
| Q4 24 | — | 2.18× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | 2.64× |
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 | — | 6.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | — | ||
| Q3 25 | $22.2M | $74.3M | ||
| Q2 25 | $31.7M | $82.0M | ||
| Q1 25 | $-3.1M | $41.4M | ||
| Q4 24 | $36.5M | — | ||
| Q3 24 | $20.5M | $65.2M | ||
| Q2 24 | $24.4M | $72.8M |
| 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 | — | 6.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.32× | ||
| Q2 25 | — | 2.73× | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | 2.62× | ||
| Q2 24 | 6.03× | 2.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
SKT
| Rental revenue | $143.5M | 95% |
| Other revenue | $4.7M | 3% |
| Management, leasing and other services | $2.2M | 1% |
