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Side-by-side financial comparison of SmartRent, Inc. (SMRT) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $26.9M, roughly 1.4× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -8.9%, a 48.1% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs 3.1%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $7.7M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs -15.0%).
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
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.
SMRT vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $36.5M | $26.9M |
| Net Profit | $-3.2M | $10.6M |
| Gross Margin | 38.6% | — |
| Operating Margin | -10.9% | 50.0% |
| Net Margin | -8.9% | 39.2% |
| Revenue YoY | 3.1% | 16.6% |
| Net Profit YoY | 71.6% | 34.8% |
| EPS (diluted) | $-0.02 | $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 | $36.5M | $24.2M | ||
| Q3 25 | $36.2M | $25.0M | ||
| Q2 25 | $38.3M | $23.8M | ||
| Q1 25 | $41.3M | $23.1M | ||
| Q4 24 | $35.4M | $20.9M | ||
| Q3 24 | $40.5M | $20.3M | ||
| Q2 24 | $48.5M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-3.2M | $7.4M | ||
| Q3 25 | $-6.3M | $9.3M | ||
| Q2 25 | $-10.9M | $8.0M | ||
| Q1 25 | $-40.2M | $7.8M | ||
| Q4 24 | $-11.4M | $7.1M | ||
| Q3 24 | $-9.9M | $6.0M | ||
| Q2 24 | $-4.6M | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | 38.6% | — | ||
| Q3 25 | 26.4% | — | ||
| Q2 25 | 33.1% | — | ||
| Q1 25 | 32.8% | — | ||
| Q4 24 | 28.7% | — | ||
| Q3 24 | 33.2% | — | ||
| Q2 24 | 35.7% | — |
| Q1 26 | — | 50.0% | ||
| Q4 25 | -10.9% | 39.6% | ||
| Q3 25 | -19.4% | 45.8% | ||
| Q2 25 | -30.5% | 43.4% | ||
| Q1 25 | -99.9% | 43.4% | ||
| Q4 24 | -36.6% | 30.9% | ||
| Q3 24 | -29.0% | 36.6% | ||
| Q2 24 | -14.3% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -8.9% | 30.7% | ||
| Q3 25 | -17.3% | 37.3% | ||
| Q2 25 | -28.3% | 33.5% | ||
| Q1 25 | -97.2% | 34.0% | ||
| Q4 24 | -32.3% | 34.0% | ||
| Q3 24 | -24.5% | 29.3% | ||
| Q2 24 | -9.5% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-0.02 | $0.44 | ||
| Q3 25 | $-0.03 | $0.55 | ||
| Q2 25 | $-0.06 | $0.47 | ||
| Q1 25 | $-0.21 | $0.46 | ||
| Q4 24 | $-0.06 | $0.41 | ||
| Q3 24 | $-0.05 | $0.35 | ||
| Q2 24 | $-0.02 | $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 | $104.5M | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $232.1M | $270.7M |
| Total Assets | $320.9M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $104.5M | $471.1M | ||
| Q3 25 | $100.0M | $232.9M | ||
| Q2 25 | $105.0M | $345.2M | ||
| Q1 25 | $125.6M | — | ||
| Q4 24 | $142.5M | $243.5M | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $187.4M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $232.1M | $266.0M | ||
| Q3 25 | $234.4M | $255.1M | ||
| Q2 25 | $238.8M | $240.9M | ||
| Q1 25 | $250.7M | $237.9M | ||
| Q4 24 | $289.4M | $227.9M | ||
| Q3 24 | $305.1M | $235.4M | ||
| Q2 24 | $329.4M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $320.9M | $4.1B | ||
| Q3 25 | $335.8M | $4.0B | ||
| Q2 25 | $354.0M | $4.1B | ||
| Q1 25 | $366.1M | $4.0B | ||
| Q4 24 | $420.2M | $4.0B | ||
| Q3 24 | $448.6M | $4.0B | ||
| Q2 24 | $475.3M | $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 | $7.7M | $12.9M |
| Free Cash FlowOCF − Capex | $7.7M | $12.4M |
| FCF MarginFCF / Revenue | 21.0% | 46.0% |
| Capex IntensityCapex / Revenue | 0.0% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-25.1M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $7.7M | $46.5M | ||
| Q3 25 | $-2.1M | $11.4M | ||
| Q2 25 | $-14.9M | $13.5M | ||
| Q1 25 | $-12.2M | $9.7M | ||
| Q4 24 | $-12.0M | $39.8M | ||
| Q3 24 | $-3.7M | $12.9M | ||
| Q2 24 | $-13.9M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $7.7M | $43.2M | ||
| Q3 25 | $-2.2M | $10.8M | ||
| Q2 25 | $-16.2M | $12.8M | ||
| Q1 25 | $-14.3M | $8.3M | ||
| Q4 24 | $-13.3M | $13.7M | ||
| Q3 24 | $-3.9M | $7.0M | ||
| Q2 24 | $-14.1M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | 21.0% | 178.3% | ||
| Q3 25 | -6.1% | 43.0% | ||
| Q2 25 | -42.3% | 53.6% | ||
| Q1 25 | -34.7% | 35.7% | ||
| Q4 24 | -37.5% | 65.6% | ||
| Q3 24 | -9.7% | 34.2% | ||
| Q2 24 | -29.1% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 0.0% | 13.7% | ||
| Q3 25 | 0.2% | 2.6% | ||
| Q2 25 | 3.3% | 3.2% | ||
| Q1 25 | 5.3% | 6.5% | ||
| Q4 24 | 3.5% | 125.3% | ||
| Q3 24 | 0.6% | 29.4% | ||
| Q2 24 | 0.5% | 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
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
WTBA
Segment breakdown not available.
