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Bandwidth Inc.（BAND）与Walker & Dunlop, Inc.（WD）财务数据对比。点击上方公司名可切换其他公司
Walker & Dunlop, Inc.的季度营收约是Bandwidth Inc.的1.6倍（$340.0M vs $208.8M），Bandwidth Inc.净利率更高（1.9% vs -12.9%，领先14.8%），Bandwidth Inc.同比增速更快（20.1% vs -0.4%），Bandwidth Inc.自由现金流更多（$-1.0M vs $-680.1M），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% vs 9.7%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
BAND vs WD — 直观对比
营收规模更大
WD
是对方的1.6倍
$208.8M
营收增速更快
BAND
高出20.5%
-0.4%
净利率更高
BAND
高出14.8%
-12.9%
自由现金流更多
BAND
多$679.1M
$-680.1M
两年增速更快
WD
近两年复合增速
9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $340.0M |
| 净利润 | $4.0M | $-13.9M |
| 毛利率 | 37.3% | — |
| 营业利润率 | 60.5% | -17.2% |
| 净利率 | 1.9% | -12.9% |
| 营收同比 | 20.1% | -0.4% |
| 净利润同比 | 200.0% | -131.0% |
| 每股收益（稀释后） | $-0.08 | $-0.41 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BANDWD
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $340.0M | ||
| Q3 25 | $191.9M | $337.7M | ||
| Q2 25 | $180.0M | $319.2M | ||
| Q1 25 | $174.2M | $237.4M | ||
| Q4 24 | $210.0M | $341.5M | ||
| Q3 24 | $193.9M | $292.3M | ||
| Q2 24 | $173.6M | $270.7M |
净利润BANDWD
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-13.9M | ||
| Q3 25 | $-1.2M | $33.5M | ||
| Q2 25 | $-4.9M | $34.0M | ||
| Q1 25 | $-3.7M | $2.8M | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | $413.0K | $28.8M | ||
| Q2 24 | $4.1M | $22.7M |
毛利率BANDWD
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
营业利润率BANDWD
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | -17.2% | ||
| Q3 25 | -1.0% | 13.6% | ||
| Q2 25 | -2.1% | 14.5% | ||
| Q1 25 | -2.7% | 2.2% | ||
| Q4 24 | -1.3% | 15.3% | ||
| Q3 24 | -0.5% | 12.8% | ||
| Q2 24 | -3.5% | 10.4% |
净利率BANDWD
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -12.9% | ||
| Q3 25 | -0.6% | 9.9% | ||
| Q2 25 | -2.7% | 10.6% | ||
| Q1 25 | -2.1% | 1.2% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | 0.2% | 9.9% | ||
| Q2 24 | 2.3% | 8.4% |
每股收益（稀释后）BANDWD
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $-0.41 | ||
| Q3 25 | $-0.04 | $0.98 | ||
| Q2 25 | $-0.16 | $0.99 | ||
| Q1 25 | $-0.13 | $0.08 | ||
| Q4 24 | $0.27 | $1.32 | ||
| Q3 24 | $0.01 | $0.85 | ||
| Q2 24 | $-0.17 | $0.67 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $47.3M | $299.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $405.7M | $1.7B |
| 总资产 | $984.2M | $5.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BANDWD
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $299.3M | ||
| Q3 25 | $80.4M | $274.8M | ||
| Q2 25 | $68.1M | $233.7M | ||
| Q1 25 | $41.7M | $181.0M | ||
| Q4 24 | $83.8M | $279.3M | ||
| Q3 24 | $79.9M | $179.8M | ||
| Q2 24 | $76.4M | $208.1M |
股东权益BANDWD
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.7B | ||
| Q3 25 | $392.7M | $1.8B | ||
| Q2 25 | $384.5M | $1.8B | ||
| Q1 25 | $345.4M | $1.7B | ||
| Q4 24 | $312.5M | $1.7B | ||
| Q3 24 | $336.6M | $1.7B | ||
| Q2 24 | $307.4M | $1.7B |
总资产BANDWD
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $5.1B | ||
| Q3 25 | $1.0B | $5.8B | ||
| Q2 25 | $1.0B | $4.7B | ||
| Q1 25 | $964.4M | $4.5B | ||
| Q4 24 | $989.2M | $4.4B | ||
| Q3 24 | $1.0B | $4.6B | ||
| Q2 24 | $1.0B | $4.2B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $-680.1M |
| 自由现金流率自由现金流/营收 | -0.5% | -200.0% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.2B |
8季度趋势，按日历期对齐
经营现金流BANDWD
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $-664.3M | ||
| Q3 25 | $22.2M | $-948.1M | ||
| Q2 25 | $31.7M | $-238.5M | ||
| Q1 25 | $-3.1M | $-281.1M | ||
| Q4 24 | $36.5M | $129.4M | ||
| Q3 24 | $20.5M | $-202.0M | ||
| Q2 24 | $24.4M | $-237.8M |
自由现金流BANDWD
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M |
自由现金流率BANDWD
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% |
资本支出强度BANDWD
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% |
现金转化率BANDWD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 49.55× | -7.01× | ||
| Q2 24 | 6.03× | -10.49× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
