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Side-by-side financial comparison of Taoping Inc. (TAOP) 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 $17.6M, roughly 1.5× Taoping Inc.). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -26.6%, a 65.8% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -2.6%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-2.8M).

Taoping Inc. is a China-based technology firm providing smart cloud services, digital media solutions, and targeted internet advertising services. Its core segments cover smart city support, enterprise digital transformation tools, and offline new retail digital operations, serving mainly enterprise and public sector clients in the domestic market.

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.

TAOP vs WTBA — Head-to-Head

Bigger by revenue
WTBA
WTBA
1.5× larger
WTBA
$26.9M
$17.6M
TAOP
Growing faster (revenue YoY)
WTBA
WTBA
+19.3% gap
WTBA
16.6%
-2.6%
TAOP
Higher net margin
WTBA
WTBA
65.8% more per $
WTBA
39.2%
-26.6%
TAOP
More free cash flow
WTBA
WTBA
$15.2M more FCF
WTBA
$12.4M
$-2.8M
TAOP

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
TAOP
TAOP
WTBA
WTBA
Revenue
$17.6M
$26.9M
Net Profit
$-4.7M
$10.6M
Gross Margin
10.1%
Operating Margin
-23.8%
50.0%
Net Margin
-26.6%
39.2%
Revenue YoY
-2.6%
16.6%
Net Profit YoY
-894.8%
34.8%
EPS (diluted)
$-6.54
$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.

Revenue
TAOP
TAOP
WTBA
WTBA
Q1 26
$26.9M
Q4 25
$24.2M
Q3 25
$25.0M
Q2 25
$17.6M
$23.8M
Q1 25
$23.1M
Q4 24
$18.6M
$20.9M
Q3 24
$20.3M
Q2 24
$18.1M
$19.6M
Net Profit
TAOP
TAOP
WTBA
WTBA
Q1 26
$10.6M
Q4 25
$7.4M
Q3 25
$9.3M
Q2 25
$-4.7M
$8.0M
Q1 25
$7.8M
Q4 24
$-2.4M
$7.1M
Q3 24
$6.0M
Q2 24
$588.7K
$5.2M
Gross Margin
TAOP
TAOP
WTBA
WTBA
Q1 26
Q4 25
Q3 25
Q2 25
10.1%
Q1 25
Q4 24
19.5%
Q3 24
Q2 24
22.9%
Operating Margin
TAOP
TAOP
WTBA
WTBA
Q1 26
50.0%
Q4 25
39.6%
Q3 25
45.8%
Q2 25
-23.8%
43.4%
Q1 25
43.4%
Q4 24
-8.0%
30.9%
Q3 24
36.6%
Q2 24
-0.7%
32.6%
Net Margin
TAOP
TAOP
WTBA
WTBA
Q1 26
39.2%
Q4 25
30.7%
Q3 25
37.3%
Q2 25
-26.6%
33.5%
Q1 25
34.0%
Q4 24
-13.0%
34.0%
Q3 24
29.3%
Q2 24
3.3%
26.5%
EPS (diluted)
TAOP
TAOP
WTBA
WTBA
Q1 26
$0.61
Q4 25
$0.44
Q3 25
$0.55
Q2 25
$-6.54
$0.47
Q1 25
$0.46
Q4 24
$-3.58
$0.41
Q3 24
$0.35
Q2 24
$3.29
$0.31

Balance Sheet & Financial Strength

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

Metric
TAOP
TAOP
WTBA
WTBA
Cash + ST InvestmentsLiquidity on hand
$2.2M
$362.0M
Total DebtLower is stronger
$5.8M
Stockholders' EquityBook value
$14.5M
$270.7M
Total Assets
$30.3M
$4.0B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TAOP
TAOP
WTBA
WTBA
Q1 26
$362.0M
Q4 25
$471.1M
Q3 25
$232.9M
Q2 25
$2.2M
$345.2M
Q1 25
Q4 24
$1.6M
$243.5M
Q3 24
Q2 24
$480.3K
Total Debt
TAOP
TAOP
WTBA
WTBA
Q1 26
Q4 25
Q3 25
Q2 25
$5.8M
Q1 25
Q4 24
$5.8M
Q3 24
Q2 24
Stockholders' Equity
TAOP
TAOP
WTBA
WTBA
Q1 26
$270.7M
Q4 25
$266.0M
Q3 25
$255.1M
Q2 25
$14.5M
$240.9M
Q1 25
$237.9M
Q4 24
$15.9M
$227.9M
Q3 24
$235.4M
Q2 24
$15.8M
$223.9M
Total Assets
TAOP
TAOP
WTBA
WTBA
Q1 26
$4.0B
Q4 25
$4.1B
Q3 25
$4.0B
Q2 25
$30.3M
$4.1B
Q1 25
$4.0B
Q4 24
$35.1M
$4.0B
Q3 24
$4.0B
Q2 24
$34.1M
$4.0B
Debt / Equity
TAOP
TAOP
WTBA
WTBA
Q1 26
Q4 25
Q3 25
Q2 25
0.40×
Q1 25
Q4 24
0.37×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
TAOP
TAOP
WTBA
WTBA
Operating Cash FlowLast quarter
$-1.5M
$12.9M
Free Cash FlowOCF − Capex
$-2.8M
$12.4M
FCF MarginFCF / Revenue
-16.0%
46.0%
Capex IntensityCapex / Revenue
7.6%
1.8%
Cash ConversionOCF / Net Profit
1.22×
TTM Free Cash FlowTrailing 4 quarters
$79.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TAOP
TAOP
WTBA
WTBA
Q1 26
$12.9M
Q4 25
$46.5M
Q3 25
$11.4M
Q2 25
$-1.5M
$13.5M
Q1 25
$9.7M
Q4 24
$147.4K
$39.8M
Q3 24
$12.9M
Q2 24
$-2.5M
$10.0M
Free Cash Flow
TAOP
TAOP
WTBA
WTBA
Q1 26
$12.4M
Q4 25
$43.2M
Q3 25
$10.8M
Q2 25
$-2.8M
$12.8M
Q1 25
$8.3M
Q4 24
$-129.3K
$13.7M
Q3 24
$7.0M
Q2 24
$-3.3M
$2.7M
FCF Margin
TAOP
TAOP
WTBA
WTBA
Q1 26
46.0%
Q4 25
178.3%
Q3 25
43.0%
Q2 25
-16.0%
53.6%
Q1 25
35.7%
Q4 24
-0.7%
65.6%
Q3 24
34.2%
Q2 24
-18.3%
14.0%
Capex Intensity
TAOP
TAOP
WTBA
WTBA
Q1 26
1.8%
Q4 25
13.7%
Q3 25
2.6%
Q2 25
7.6%
3.2%
Q1 25
6.5%
Q4 24
1.5%
125.3%
Q3 24
29.4%
Q2 24
4.3%
37.1%
Cash Conversion
TAOP
TAOP
WTBA
WTBA
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
-4.30×
1.93×

Financial Flow Comparison

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

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