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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $26.9M, roughly 1.5× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -17.9%, a 57.2% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -23.2%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-10.8M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
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.
CMBM vs WTBA — Head-to-Head
Income Statement — Q4 FY2024 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $26.9M |
| Net Profit | $-7.2M | $10.6M |
| Gross Margin | 36.6% | — |
| Operating Margin | -28.4% | 50.0% |
| Net Margin | -17.9% | 39.2% |
| Revenue YoY | -23.2% | 16.6% |
| Net Profit YoY | 71.0% | 34.8% |
| EPS (diluted) | $-0.26 | $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 | — | $24.2M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $23.8M | ||
| Q1 25 | — | $23.1M | ||
| Q4 24 | $40.3M | $20.9M | ||
| Q3 24 | $44.7M | $20.3M | ||
| Q2 24 | $45.2M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | — | $7.4M | ||
| Q3 25 | — | $9.3M | ||
| Q2 25 | — | $8.0M | ||
| Q1 25 | — | $7.8M | ||
| Q4 24 | $-7.2M | $7.1M | ||
| Q3 24 | $-34.5M | $6.0M | ||
| Q2 24 | $-14.2M | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — |
| Q1 26 | — | 50.0% | ||
| Q4 25 | — | 39.6% | ||
| Q3 25 | — | 45.8% | ||
| Q2 25 | — | 43.4% | ||
| Q1 25 | — | 43.4% | ||
| Q4 24 | -28.4% | 30.9% | ||
| Q3 24 | -69.6% | 36.6% | ||
| Q2 24 | -27.2% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | — | 30.7% | ||
| Q3 25 | — | 37.3% | ||
| Q2 25 | — | 33.5% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | -17.9% | 34.0% | ||
| Q3 24 | -77.3% | 29.3% | ||
| Q2 24 | -31.5% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | — | $0.44 | ||
| Q3 25 | — | $0.55 | ||
| Q2 25 | — | $0.47 | ||
| Q1 25 | — | $0.46 | ||
| Q4 24 | $-0.26 | $0.41 | ||
| Q3 24 | $-1.22 | $0.35 | ||
| Q2 24 | $-0.51 | $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 | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $270.7M |
| Total Assets | $173.7M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | — | $471.1M | ||
| Q3 25 | — | $232.9M | ||
| Q2 25 | — | $345.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $243.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | — | $266.0M | ||
| Q3 25 | — | $255.1M | ||
| Q2 25 | — | $240.9M | ||
| Q1 25 | — | $237.9M | ||
| Q4 24 | $-3.2M | $227.9M | ||
| Q3 24 | $1.9M | $235.4M | ||
| Q2 24 | $34.1M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | — | $4.1B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | $173.7M | $4.0B | ||
| Q3 24 | $194.3M | $4.0B | ||
| Q2 24 | $221.1M | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — |
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 | $-10.4M | $12.9M |
| Free Cash FlowOCF − Capex | $-10.8M | $12.4M |
| FCF MarginFCF / Revenue | -26.8% | 46.0% |
| Capex IntensityCapex / Revenue | 1.1% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | — | $46.5M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | — | $13.5M | ||
| Q1 25 | — | $9.7M | ||
| Q4 24 | $-10.4M | $39.8M | ||
| Q3 24 | $8.9M | $12.9M | ||
| Q2 24 | $2.4M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | — | $43.2M | ||
| Q3 25 | — | $10.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $8.3M | ||
| Q4 24 | $-10.8M | $13.7M | ||
| Q3 24 | $6.8M | $7.0M | ||
| Q2 24 | $87.0K | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | — | 178.3% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | -26.8% | 65.6% | ||
| Q3 24 | 15.2% | 34.2% | ||
| Q2 24 | 0.2% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | 1.1% | 125.3% | ||
| Q3 24 | 4.8% | 29.4% | ||
| Q2 24 | 5.1% | 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
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
WTBA
Segment breakdown not available.
