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Side-by-side financial comparison of Bandwidth Inc. (BAND) and TRIMAS CORP (TRS). Click either name above to swap in a different company.

TRIMAS CORP is the larger business by last-quarter revenue ($256.5M vs $208.8M, roughly 1.2× Bandwidth Inc.). TRIMAS CORP runs the higher net margin — 31.9% vs 1.9%, a 29.9% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 3.8%). TRIMAS CORP produced more free cash flow last quarter ($36.8M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 3.3%).

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.

Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.

BAND vs TRS — Head-to-Head

Bigger by revenue
TRS
TRS
1.2× larger
TRS
$256.5M
$208.8M
BAND
Growing faster (revenue YoY)
BAND
BAND
+16.3% gap
BAND
20.1%
3.8%
TRS
Higher net margin
TRS
TRS
29.9% more per $
TRS
31.9%
1.9%
BAND
More free cash flow
TRS
TRS
$37.8M more FCF
TRS
$36.8M
$-1.0M
BAND
Faster 2-yr revenue CAGR
BAND
BAND
Annualised
BAND
9.7%
3.3%
TRS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BAND
BAND
TRS
TRS
Revenue
$208.8M
$256.5M
Net Profit
$4.0M
$81.7M
Gross Margin
37.3%
12.8%
Operating Margin
60.5%
5.7%
Net Margin
1.9%
31.9%
Revenue YoY
20.1%
3.8%
Net Profit YoY
200.0%
236.9%
EPS (diluted)
$-0.08
$2.03

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.

Revenue
BAND
BAND
TRS
TRS
Q1 26
$208.8M
$256.5M
Q4 25
$207.7M
$-140.0M
Q3 25
$191.9M
$269.3M
Q2 25
$180.0M
$274.8M
Q1 25
$174.2M
$241.7M
Q4 24
$210.0M
$-66.2M
Q3 24
$193.9M
$229.4M
Q2 24
$173.6M
$240.5M
Net Profit
BAND
BAND
TRS
TRS
Q1 26
$4.0M
$81.7M
Q4 25
$81.7M
Q3 25
$-1.2M
$9.3M
Q2 25
$-4.9M
$16.7M
Q1 25
$-3.7M
$12.4M
Q4 24
$5.6M
Q3 24
$413.0K
$2.5M
Q2 24
$4.1M
$10.9M
Gross Margin
BAND
BAND
TRS
TRS
Q1 26
37.3%
12.8%
Q4 25
37.6%
Q3 25
38.5%
12.8%
Q2 25
39.8%
13.8%
Q1 25
41.0%
13.6%
Q4 24
36.4%
Q3 24
37.7%
15.4%
Q2 24
37.3%
14.4%
Operating Margin
BAND
BAND
TRS
TRS
Q1 26
60.5%
5.7%
Q4 25
-1.9%
Q3 25
-1.0%
6.2%
Q2 25
-2.1%
9.9%
Q1 25
-2.7%
9.0%
Q4 24
-1.3%
Q3 24
-0.5%
3.6%
Q2 24
-3.5%
7.4%
Net Margin
BAND
BAND
TRS
TRS
Q1 26
1.9%
31.9%
Q4 25
-58.4%
Q3 25
-0.6%
3.5%
Q2 25
-2.7%
6.1%
Q1 25
-2.1%
5.1%
Q4 24
-8.5%
Q3 24
0.2%
1.1%
Q2 24
2.3%
4.5%
EPS (diluted)
BAND
BAND
TRS
TRS
Q1 26
$-0.08
$2.03
Q4 25
$-0.10
$2.01
Q3 25
$-0.04
$0.23
Q2 25
$-0.16
$0.41
Q1 25
$-0.13
$0.30
Q4 24
$0.27
$0.14
Q3 24
$0.01
$0.06
Q2 24
$-0.17
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BAND
BAND
TRS
TRS
Cash + ST InvestmentsLiquidity on hand
$47.3M
$30.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.7M
$705.6M
Total Assets
$984.2M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
TRS
TRS
Q1 26
$47.3M
$30.0M
Q4 25
$111.3M
$30.0M
Q3 25
$80.4M
$33.6M
Q2 25
$68.1M
$30.3M
Q1 25
$41.7M
$32.7M
Q4 24
$83.8M
$23.1M
Q3 24
$79.9M
$26.9M
Q2 24
$76.4M
$35.0M
Total Debt
BAND
BAND
TRS
TRS
Q1 26
Q4 25
$469.2M
Q3 25
$407.1M
Q2 25
$424.5M
Q1 25
$434.2M
Q4 24
$398.1M
Q3 24
$409.9M
Q2 24
$427.4M
Stockholders' Equity
BAND
BAND
TRS
TRS
Q1 26
$405.7M
$705.6M
Q4 25
$400.0M
$705.6M
Q3 25
$392.7M
$725.0M
Q2 25
$384.5M
$715.3M
Q1 25
$345.4M
$686.6M
Q4 24
$312.5M
$667.3M
Q3 24
$336.6M
$682.8M
Q2 24
$307.4M
$675.9M
Total Assets
BAND
BAND
TRS
TRS
Q1 26
$984.2M
$1.5B
Q4 25
$1.1B
$1.5B
Q3 25
$1.0B
$1.4B
Q2 25
$1.0B
$1.4B
Q1 25
$964.4M
$1.4B
Q4 24
$989.2M
$1.3B
Q3 24
$1.0B
$1.4B
Q2 24
$1.0B
$1.4B
Debt / Equity
BAND
BAND
TRS
TRS
Q1 26
Q4 25
0.66×
Q3 25
0.56×
Q2 25
0.59×
Q1 25
0.63×
Q4 24
0.60×
Q3 24
0.60×
Q2 24
0.63×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BAND
BAND
TRS
TRS
Operating Cash FlowLast quarter
$117.5M
Free Cash FlowOCF − Capex
$-1.0M
$36.8M
FCF MarginFCF / Revenue
-0.5%
14.4%
Capex IntensityCapex / Revenue
18.9%
Cash ConversionOCF / Net Profit
1.44×
TTM Free Cash FlowTrailing 4 quarters
$109.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
TRS
TRS
Q1 26
$117.5M
Q4 25
$38.6M
$41.5M
Q3 25
$22.2M
$36.5M
Q2 25
$31.7M
$30.3M
Q1 25
$-3.1M
$9.2M
Q4 24
$36.5M
$27.1M
Q3 24
$20.5M
$22.0M
Q2 24
$24.4M
$18.4M
Free Cash Flow
BAND
BAND
TRS
TRS
Q1 26
$-1.0M
$36.8M
Q4 25
$36.8M
Q3 25
$22.8M
Q2 25
$13.2M
Q1 25
$-3.8M
Q4 24
$12.1M
Q3 24
$10.2M
Q2 24
$7.5M
FCF Margin
BAND
BAND
TRS
TRS
Q1 26
-0.5%
14.4%
Q4 25
-26.3%
Q3 25
8.5%
Q2 25
4.8%
Q1 25
-1.6%
Q4 24
-18.3%
Q3 24
4.4%
Q2 24
3.1%
Capex Intensity
BAND
BAND
TRS
TRS
Q1 26
18.9%
Q4 25
-3.4%
Q3 25
5.1%
Q2 25
6.2%
Q1 25
5.4%
Q4 24
-22.6%
Q3 24
5.2%
Q2 24
4.5%
Cash Conversion
BAND
BAND
TRS
TRS
Q1 26
1.44×
Q4 25
0.51×
Q3 25
3.92×
Q2 25
1.81×
Q1 25
0.74×
Q4 24
4.80×
Q3 24
49.55×
8.71×
Q2 24
6.03×
1.68×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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