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Side-by-side financial comparison of Bandwidth Inc. (BAND) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
TIDEWATER INC is the larger business by last-quarter revenue ($336.8M vs $208.8M, roughly 1.6× Bandwidth Inc.). TIDEWATER INC runs the higher net margin — 65.3% vs 1.9%, a 63.4% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -2.4%). TIDEWATER INC produced more free cash flow last quarter ($147.8M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 2.4%).
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.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
BAND vs TDW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $336.8M |
| Net Profit | $4.0M | $219.9M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 19.0% |
| Net Margin | 1.9% | 65.3% |
| Revenue YoY | 20.1% | -2.4% |
| Net Profit YoY | 200.0% | 495.8% |
| EPS (diluted) | $-0.08 | $4.37 |
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 | $336.8M | ||
| Q3 25 | $191.9M | $341.1M | ||
| Q2 25 | $180.0M | $341.4M | ||
| Q1 25 | $174.2M | $333.4M | ||
| Q4 24 | $210.0M | $345.1M | ||
| Q3 24 | $193.9M | $340.4M | ||
| Q2 24 | $173.6M | $339.2M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $219.9M | ||
| Q3 25 | $-1.2M | $-806.0K | ||
| Q2 25 | $-4.9M | $72.9M | ||
| Q1 25 | $-3.7M | $42.7M | ||
| Q4 24 | — | $36.9M | ||
| Q3 24 | $413.0K | $46.4M | ||
| Q2 24 | $4.1M | $50.4M |
| 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% | 19.0% | ||
| Q3 25 | -1.0% | 18.4% | ||
| Q2 25 | -2.1% | 23.7% | ||
| Q1 25 | -2.7% | 22.5% | ||
| Q4 24 | -1.3% | 23.6% | ||
| Q3 24 | -0.5% | 20.6% | ||
| Q2 24 | -3.5% | 23.0% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 65.3% | ||
| Q3 25 | -0.6% | -0.2% | ||
| Q2 25 | -2.7% | 21.4% | ||
| Q1 25 | -2.1% | 12.8% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | 0.2% | 13.6% | ||
| Q2 24 | 2.3% | 14.8% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $4.37 | ||
| Q3 25 | $-0.04 | $-0.02 | ||
| Q2 25 | $-0.16 | $1.46 | ||
| Q1 25 | $-0.13 | $0.83 | ||
| Q4 24 | $0.27 | $0.70 | ||
| Q3 24 | $0.01 | $0.87 | ||
| Q2 24 | $-0.17 | $0.94 |
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 | $578.8M |
| Total DebtLower is stronger | — | $670.1M |
| Stockholders' EquityBook value | $405.7M | $1.4B |
| Total Assets | $984.2M | $2.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $578.8M | ||
| Q3 25 | $80.4M | $428.2M | ||
| Q2 25 | $68.1M | $369.4M | ||
| Q1 25 | $41.7M | $341.8M | ||
| Q4 24 | $83.8M | $324.9M | ||
| Q3 24 | $79.9M | $280.8M | ||
| Q2 24 | $76.4M | $315.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.4B | ||
| Q3 25 | $392.7M | $1.1B | ||
| Q2 25 | $384.5M | $1.1B | ||
| Q1 25 | $345.4M | $1.1B | ||
| Q4 24 | $312.5M | $1.1B | ||
| Q3 24 | $336.6M | $1.1B | ||
| Q2 24 | $307.4M | $1.1B |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $964.4M | $2.1B | ||
| Q4 24 | $989.2M | $2.1B | ||
| Q3 24 | $1.0B | $2.0B | ||
| Q2 24 | $1.0B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| 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 | — | $153.0M |
| Free Cash FlowOCF − Capex | $-1.0M | $147.8M |
| FCF MarginFCF / Revenue | -0.5% | 43.9% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $153.0M | ||
| Q3 25 | $22.2M | $54.7M | ||
| Q2 25 | $31.7M | $85.4M | ||
| Q1 25 | $-3.1M | $86.0M | ||
| Q4 24 | $36.5M | $100.0M | ||
| Q3 24 | $20.5M | $49.0M | ||
| Q2 24 | $24.4M | $78.6M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $147.8M | ||
| Q3 25 | — | $49.6M | ||
| Q2 25 | — | $80.2M | ||
| Q1 25 | — | $75.7M | ||
| Q4 24 | — | $95.5M | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $72.3M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 43.9% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.7% | ||
| Q4 24 | — | 27.7% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 21.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.70× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | 49.55× | 1.06× | ||
| Q2 24 | 6.03× | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
