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Side-by-side financial comparison of Bandwidth Inc. (BAND) and TREX CO INC (TREX). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $161.1M, roughly 1.3× TREX CO INC). Bandwidth Inc. runs the higher net margin — 1.9% vs 1.4%, a 0.5% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -3.9%). TREX CO INC produced more free cash flow last quarter ($22.1M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -34.3%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
BAND vs TREX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $161.1M |
| Net Profit | $4.0M | $2.3M |
| Gross Margin | 37.3% | 30.2% |
| Operating Margin | 60.5% | 2.2% |
| Net Margin | 1.9% | 1.4% |
| Revenue YoY | 20.1% | -3.9% |
| Net Profit YoY | 200.0% | -76.4% |
| EPS (diluted) | $-0.08 | $0.03 |
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 | $161.1M | ||
| Q3 25 | $191.9M | $285.3M | ||
| Q2 25 | $180.0M | $387.8M | ||
| Q1 25 | $174.2M | $340.0M | ||
| Q4 24 | $210.0M | $167.6M | ||
| Q3 24 | $193.9M | $233.7M | ||
| Q2 24 | $173.6M | $376.5M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $2.3M | ||
| Q3 25 | $-1.2M | $51.8M | ||
| Q2 25 | $-4.9M | $75.9M | ||
| Q1 25 | $-3.7M | $60.4M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | $413.0K | $40.6M | ||
| Q2 24 | $4.1M | $87.0M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 30.2% | ||
| Q3 25 | 38.5% | 40.5% | ||
| Q2 25 | 39.8% | 40.8% | ||
| Q1 25 | 41.0% | 40.5% | ||
| Q4 24 | 36.4% | 32.7% | ||
| Q3 24 | 37.7% | 39.9% | ||
| Q2 24 | 37.3% | 44.7% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 2.2% | ||
| Q3 25 | -1.0% | 24.7% | ||
| Q2 25 | -2.1% | 26.4% | ||
| Q1 25 | -2.7% | 24.0% | ||
| Q4 24 | -1.3% | 9.2% | ||
| Q3 24 | -0.5% | 23.2% | ||
| Q2 24 | -3.5% | 31.1% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | -0.6% | 18.1% | ||
| Q2 25 | -2.7% | 19.6% | ||
| Q1 25 | -2.1% | 17.8% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 0.2% | 17.4% | ||
| Q2 24 | 2.3% | 23.1% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.03 | ||
| Q3 25 | $-0.04 | $0.48 | ||
| Q2 25 | $-0.16 | $0.71 | ||
| Q1 25 | $-0.13 | $0.56 | ||
| Q4 24 | $0.27 | $0.10 | ||
| Q3 24 | $0.01 | $0.37 | ||
| Q2 24 | $-0.17 | $0.80 |
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 | $3.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $1.0B |
| Total Assets | $984.2M | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $3.8M | ||
| Q3 25 | $80.4M | $11.4M | ||
| Q2 25 | $68.1M | $5.5M | ||
| Q1 25 | $41.7M | $5.0M | ||
| Q4 24 | $83.8M | $1.3M | ||
| Q3 24 | $79.9M | $12.8M | ||
| Q2 24 | $76.4M | $1.2M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.0B | ||
| Q3 25 | $392.7M | $1.0B | ||
| Q2 25 | $384.5M | $989.3M | ||
| Q1 25 | $345.4M | $910.1M | ||
| Q4 24 | $312.5M | $850.1M | ||
| Q3 24 | $336.6M | $887.9M | ||
| Q2 24 | $307.4M | $894.9M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $964.4M | $1.6B | ||
| Q4 24 | $989.2M | $1.3B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $1.0B | $1.3B |
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 | — | $65.5M |
| Free Cash FlowOCF − Capex | $-1.0M | $22.1M |
| FCF MarginFCF / Revenue | -0.5% | 13.7% |
| Capex IntensityCapex / Revenue | — | 26.9% |
| Cash ConversionOCF / Net Profit | — | 28.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | $134.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $65.5M | ||
| Q3 25 | $22.2M | $196.9M | ||
| Q2 25 | $31.7M | $249.8M | ||
| Q1 25 | $-3.1M | $-154.0M | ||
| Q4 24 | $36.5M | $-8.5M | ||
| Q3 24 | $20.5M | $132.8M | ||
| Q2 24 | $24.4M | $193.7M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $142.9M | ||
| Q2 25 | — | $203.0M | ||
| Q1 25 | — | $-233.5M | ||
| Q4 24 | — | $-89.3M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $158.2M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 52.3% | ||
| Q1 25 | — | -68.7% | ||
| Q4 24 | — | -53.3% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | — | 9.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.45× | ||
| Q3 25 | — | 3.80× | ||
| Q2 25 | — | 3.29× | ||
| Q1 25 | — | -2.55× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | 49.55× | 3.27× | ||
| Q2 24 | 6.03× | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
