vs
Side-by-side financial comparison of BGSF, INC. (BGSF) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $22.0M, roughly 1.2× BGSF, INC.). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -5.3%, a 44.5% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -9.4%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $1.7M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs -5.3%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
BGSF vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $26.9M |
| Net Profit | $-1.2M | $10.6M |
| Gross Margin | 35.0% | — |
| Operating Margin | -17.6% | 50.0% |
| Net Margin | -5.3% | 39.2% |
| Revenue YoY | -9.4% | 16.6% |
| Net Profit YoY | -18.2% | 34.8% |
| EPS (diluted) | $-0.12 | $0.61 |
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 | — | $26.9M | ||
| Q4 25 | $22.0M | $24.2M | ||
| Q3 25 | $26.9M | $25.0M | ||
| Q2 25 | $23.5M | $23.8M | ||
| Q1 25 | $20.9M | $23.1M | ||
| Q4 24 | $24.3M | $20.9M | ||
| Q3 24 | $29.8M | $20.3M | ||
| Q2 24 | $25.7M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-1.2M | $7.4M | ||
| Q3 25 | $-5.8M | $9.3M | ||
| Q2 25 | $-3.7M | $8.0M | ||
| Q1 25 | $-722.0K | $7.8M | ||
| Q4 24 | $-981.0K | $7.1M | ||
| Q3 24 | $-804.0K | $6.0M | ||
| Q2 24 | $-761.0K | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | 35.0% | — | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | — |
| Q1 26 | — | 50.0% | ||
| Q4 25 | -17.6% | 39.6% | ||
| Q3 25 | -3.5% | 45.8% | ||
| Q2 25 | -18.8% | 43.4% | ||
| Q1 25 | 1.6% | 43.4% | ||
| Q4 24 | -15.7% | 30.9% | ||
| Q3 24 | -3.4% | 36.6% | ||
| Q2 24 | -5.7% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -5.3% | 30.7% | ||
| Q3 25 | -21.6% | 37.3% | ||
| Q2 25 | -15.9% | 33.5% | ||
| Q1 25 | -3.5% | 34.0% | ||
| Q4 24 | -4.0% | 34.0% | ||
| Q3 24 | -2.7% | 29.3% | ||
| Q2 24 | -3.0% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-0.12 | $0.44 | ||
| Q3 25 | $-0.52 | $0.55 | ||
| Q2 25 | $-0.34 | $0.47 | ||
| Q1 25 | $-0.06 | $0.46 | ||
| Q4 24 | — | $0.41 | ||
| Q3 24 | $-0.07 | $0.35 | ||
| Q2 24 | $-0.07 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $270.7M |
| Total Assets | $57.8M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | — | $471.1M | ||
| Q3 25 | $41.2M | $232.9M | ||
| Q2 25 | $2.8M | $345.2M | ||
| Q1 25 | $2.0M | — | ||
| Q4 24 | $32.0K | $243.5M | ||
| Q3 24 | $262 | — | ||
| Q2 24 | $226 | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $48.1M | $266.0M | ||
| Q3 25 | $50.7M | $255.1M | ||
| Q2 25 | $78.3M | $240.9M | ||
| Q1 25 | $81.8M | $237.9M | ||
| Q4 24 | $82.3M | $227.9M | ||
| Q3 24 | $82.9M | $235.4M | ||
| Q2 24 | $83.2M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $57.8M | $4.1B | ||
| Q3 25 | $83.6M | $4.0B | ||
| Q2 25 | $149.7M | $4.1B | ||
| Q1 25 | $152.3M | $4.0B | ||
| Q4 24 | $150.1M | $4.0B | ||
| Q3 24 | $157.3K | $4.0B | ||
| Q2 24 | $159.8K | $4.0B |
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 | $1.7M | $12.9M |
| Free Cash FlowOCF − Capex | $1.7M | $12.4M |
| FCF MarginFCF / Revenue | 7.6% | 46.0% |
| Capex IntensityCapex / Revenue | 0.1% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $1.7M | $46.5M | ||
| Q3 25 | $-4.8M | $11.4M | ||
| Q2 25 | $2.2M | $13.5M | ||
| Q1 25 | $1.1M | $9.7M | ||
| Q4 24 | $3.2M | $39.8M | ||
| Q3 24 | $6.5M | $12.9M | ||
| Q2 24 | $7.3M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $1.7M | $43.2M | ||
| Q3 25 | $-4.9M | $10.8M | ||
| Q2 25 | $2.1M | $12.8M | ||
| Q1 25 | $1.0M | $8.3M | ||
| Q4 24 | $2.5M | $13.7M | ||
| Q3 24 | $6.5M | $7.0M | ||
| Q2 24 | $7.3M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | 7.6% | 178.3% | ||
| Q3 25 | -18.1% | 43.0% | ||
| Q2 25 | 9.1% | 53.6% | ||
| Q1 25 | 5.0% | 35.7% | ||
| Q4 24 | 10.2% | 65.6% | ||
| Q3 24 | 21.7% | 34.2% | ||
| Q2 24 | 28.5% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 0.1% | 13.7% | ||
| Q3 25 | 0.4% | 2.6% | ||
| Q2 25 | 0.0% | 3.2% | ||
| Q1 25 | 0.1% | 6.5% | ||
| Q4 24 | 3.0% | 125.3% | ||
| Q3 24 | 0.0% | 29.4% | ||
| Q2 24 | 0.0% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
WTBA
Segment breakdown not available.
