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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $208.8M, roughly 1.8× Bandwidth Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 1.9%, a 9.3% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 20.1%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $-1.0M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 9.7%).
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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
BAND vs SKWD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $385.6M |
| Net Profit | $4.0M | $43.2M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 14.2% |
| Net Margin | 1.9% | 11.2% |
| Revenue YoY | 20.1% | 26.7% |
| Net Profit YoY | 200.0% | 200.1% |
| EPS (diluted) | $-0.08 | $1.03 |
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 | $385.6M | ||
| Q3 25 | $191.9M | $382.5M | ||
| Q2 25 | $180.0M | $319.9M | ||
| Q1 25 | $174.2M | $328.5M | ||
| Q4 24 | $210.0M | $304.4M | ||
| Q3 24 | $193.9M | $300.9M | ||
| Q2 24 | $173.6M | $279.9M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $43.2M | ||
| Q3 25 | $-1.2M | $45.9M | ||
| Q2 25 | $-4.9M | $38.8M | ||
| Q1 25 | $-3.7M | $42.1M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | $413.0K | $36.7M | ||
| Q2 24 | $4.1M | $31.0M |
| 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% | 14.2% | ||
| Q3 25 | -1.0% | 15.8% | ||
| Q2 25 | -2.1% | 15.6% | ||
| Q1 25 | -2.7% | 15.7% | ||
| Q4 24 | -1.3% | 6.1% | ||
| Q3 24 | -0.5% | 15.6% | ||
| Q2 24 | -3.5% | 14.4% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 11.2% | ||
| Q3 25 | -0.6% | 12.0% | ||
| Q2 25 | -2.7% | 12.1% | ||
| Q1 25 | -2.1% | 12.8% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 0.2% | 12.2% | ||
| Q2 24 | 2.3% | 11.1% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $1.03 | ||
| Q3 25 | $-0.04 | $1.10 | ||
| Q2 25 | $-0.16 | $0.93 | ||
| Q1 25 | $-0.13 | $1.01 | ||
| Q4 24 | $0.27 | $0.33 | ||
| Q3 24 | $0.01 | $0.89 | ||
| Q2 24 | $-0.17 | $0.75 |
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 | $168.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $1.0B |
| Total Assets | $984.2M | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $168.5M | ||
| Q3 25 | $80.4M | $160.1M | ||
| Q2 25 | $68.1M | $136.6M | ||
| Q1 25 | $41.7M | $112.9M | ||
| Q4 24 | $83.8M | $121.6M | ||
| Q3 24 | $79.9M | $105.6M | ||
| Q2 24 | $76.4M | $73.0M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.0B | ||
| Q3 25 | $392.7M | $961.4M | ||
| Q2 25 | $384.5M | $899.9M | ||
| Q1 25 | $345.4M | $850.7M | ||
| Q4 24 | $312.5M | $794.0M | ||
| Q3 24 | $336.6M | $797.5M | ||
| Q2 24 | $307.4M | $723.6M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $4.8B | ||
| Q3 25 | $1.0B | $4.6B | ||
| Q2 25 | $1.0B | $4.3B | ||
| Q1 25 | $964.4M | $4.0B | ||
| Q4 24 | $989.2M | $3.7B | ||
| Q3 24 | $1.0B | $3.6B | ||
| Q2 24 | $1.0B | $3.4B |
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 | — | $408.1M |
| Free Cash FlowOCF − Capex | $-1.0M | $402.6M |
| FCF MarginFCF / Revenue | -0.5% | 104.4% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $408.1M | ||
| Q3 25 | $22.2M | $171.4M | ||
| Q2 25 | $31.7M | $88.2M | ||
| Q1 25 | $-3.1M | $96.8M | ||
| Q4 24 | $36.5M | $305.1M | ||
| Q3 24 | $20.5M | $168.0M | ||
| Q2 24 | $24.4M | $21.0M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $402.6M | ||
| Q3 25 | — | $168.9M | ||
| Q2 25 | — | $87.1M | ||
| Q1 25 | — | $96.6M | ||
| Q4 24 | — | $300.9M | ||
| Q3 24 | — | $167.6M | ||
| Q2 24 | — | $18.4M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 104.4% | ||
| Q3 25 | — | 44.2% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.44× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 21.18× | ||
| Q3 24 | 49.55× | 4.58× | ||
| Q2 24 | 6.03× | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
