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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $117.3M, roughly 1.8× Latham Group, Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs -7.3%, a 9.2% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 5.3%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -14.4%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
BAND vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $117.3M |
| Net Profit | $4.0M | $-8.5M |
| Gross Margin | 37.3% | 31.7% |
| Operating Margin | 60.5% | — |
| Net Margin | 1.9% | -7.3% |
| Revenue YoY | 20.1% | 5.3% |
| Net Profit YoY | 200.0% | -43.1% |
| EPS (diluted) | $-0.08 | $-0.07 |
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 | $117.3M | ||
| Q4 25 | $207.7M | $100.0M | ||
| Q3 25 | $191.9M | $161.9M | ||
| Q2 25 | $180.0M | $172.6M | ||
| Q1 25 | $174.2M | $111.4M | ||
| Q4 24 | $210.0M | $87.3M | ||
| Q3 24 | $193.9M | $150.5M | ||
| Q2 24 | $173.6M | $160.1M |
| Q1 26 | $4.0M | $-8.5M | ||
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-1.2M | $8.1M | ||
| Q2 25 | $-4.9M | $16.0M | ||
| Q1 25 | $-3.7M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $413.0K | $5.9M | ||
| Q2 24 | $4.1M | $13.3M |
| Q1 26 | 37.3% | 31.7% | ||
| Q4 25 | 37.6% | 28.0% | ||
| Q3 25 | 38.5% | 35.4% | ||
| Q2 25 | 39.8% | 37.1% | ||
| Q1 25 | 41.0% | 29.5% | ||
| Q4 24 | 36.4% | 24.6% | ||
| Q3 24 | 37.7% | 32.4% | ||
| Q2 24 | 37.3% | 33.1% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | -10.7% | ||
| Q3 25 | -1.0% | 13.3% | ||
| Q2 25 | -2.1% | 14.3% | ||
| Q1 25 | -2.7% | -4.4% | ||
| Q4 24 | -1.3% | -14.9% | ||
| Q3 24 | -0.5% | 8.9% | ||
| Q2 24 | -3.5% | 12.5% |
| Q1 26 | 1.9% | -7.3% | ||
| Q4 25 | — | -7.0% | ||
| Q3 25 | -0.6% | 5.0% | ||
| Q2 25 | -2.7% | 9.3% | ||
| Q1 25 | -2.1% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 0.2% | 3.9% | ||
| Q2 24 | 2.3% | 8.3% |
| Q1 26 | $-0.08 | $-0.07 | ||
| Q4 25 | $-0.10 | $-0.06 | ||
| Q3 25 | $-0.04 | $0.07 | ||
| Q2 25 | $-0.16 | $0.13 | ||
| Q1 25 | $-0.13 | $-0.05 | ||
| Q4 24 | $0.27 | $-0.24 | ||
| Q3 24 | $0.01 | $0.05 | ||
| Q2 24 | $-0.17 | $0.11 |
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 | — |
| Total DebtLower is stronger | — | $3.3M |
| Stockholders' EquityBook value | $405.7M | $396.7M |
| Total Assets | $984.2M | $856.4M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | — | ||
| Q3 25 | $80.4M | — | ||
| Q2 25 | $68.1M | — | ||
| Q1 25 | $41.7M | — | ||
| Q4 24 | $83.8M | — | ||
| Q3 24 | $79.9M | — | ||
| Q2 24 | $76.4M | — |
| Q1 26 | — | $3.3M | ||
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q1 26 | $405.7M | $396.7M | ||
| Q4 25 | $400.0M | $405.9M | ||
| Q3 25 | $392.7M | $408.4M | ||
| Q2 25 | $384.5M | $398.4M | ||
| Q1 25 | $345.4M | $381.1M | ||
| Q4 24 | $312.5M | $387.2M | ||
| Q3 24 | $336.6M | $416.6M | ||
| Q2 24 | $307.4M | $408.1M |
| Q1 26 | $984.2M | $856.4M | ||
| Q4 25 | $1.1B | $823.2M | ||
| Q3 25 | $1.0B | $844.4M | ||
| Q2 25 | $1.0B | $822.1M | ||
| Q1 25 | $964.4M | $824.6M | ||
| Q4 24 | $989.2M | $794.2M | ||
| Q3 24 | $1.0B | $853.4M | ||
| Q2 24 | $1.0B | $830.0M |
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
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 | — | $-47.7M |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $38.6M | $23.3M | ||
| Q3 25 | $22.2M | $51.0M | ||
| Q2 25 | $31.7M | $36.0M | ||
| Q1 25 | $-3.1M | $-46.9M | ||
| Q4 24 | $36.5M | $6.2M | ||
| Q3 24 | $20.5M | $37.2M | ||
| Q2 24 | $24.4M | $52.4M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | 6.32× | ||
| Q2 24 | 6.03× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
