Bandwidth Inc. (BAND) Financial Ratios
11 years of historical data (2015–2025) · Technology · Software - Infrastructure
EV/EBITDA
↓
52.44
+19% vs avg
5yr avg: 44.12
30Y Low14.7·High65.2
P/FCF
↓
0.02
↓-100% vs avg
5yr avg: 8.68
30Y Low0.0·High84.6
P/B Ratio
↓
3.85
↑+77% vs avg
5yr avg: 2.17
30Y Low1.2·High8.6
ROE
↑
-3.6%
↑-48% vs avg
5yr avg: -2.5%
30Y Low-244%·High19%
Debt/EBITDA
↑
16.39
↓-28% vs avg
5yr avg: 22.91
30Y Low0.0·High41.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BAND Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bandwidth Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 0.0x P/FCF, 100% below the 5-year average of 8.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $463M | $463M | $371M | $709M | $1.8B | $3.7B | $1.5B | $861M | $336M | — |
| Enterprise Value | $2.2B | $1.1B | $885M | $883M | $1.1B | $2.0B | $3.9B | $1.4B | $820M | $299M | — |
| P/E Ratio → | -119.51 | — | — | — | — | — | — | 640.50 | 47.94 | 62.49 | — |
| P/S Ratio | 2.18 | 0.61 | 0.62 | 0.62 | 1.24 | 3.67 | 10.79 | 6.59 | 4.22 | 2.06 | — |
| P/B Ratio | 3.85 | 1.16 | 1.48 | 1.25 | 2.61 | 4.36 | 8.61 | 5.67 | 7.92 | 4.38 | — |
| P/FCF | 0.02 | 0.01 | 6.63 | 19.40 | — | — | — | — | 84.57 | 50.49 | — |
| P/OCF | 0.02 | 0.01 | 5.52 | 9.50 | 20.32 | 44.13 | 819.46 | — | 34.97 | 22.99 | — |
P/E links to full P/E history page with 30-year chart
BAND EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bandwidth Inc.'s enterprise value stands at 52.4x EBITDA, 19% above its 5-year average of 44.1x. The Technology sector median is 16.7x, placing the stock at a 213% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.41 | 1.18 | 1.47 | 1.90 | 4.02 | 11.47 | 5.90 | 4.02 | 1.83 | — |
| EV / EBITDA | 52.44 | 24.81 | 30.32 | 56.67 | 59.63 | 49.15 | 485.21 | — | 65.22 | 14.69 | — |
| EV / EBIT | — | — | — | — | 53.47 | — | — | — | 121.48 | 20.44 | — |
| EV / FCF | — | 0.02 | 12.66 | 46.23 | — | — | — | — | 80.52 | 44.85 | — |
BAND Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bandwidth Inc. earns an operating margin of -1.9%. Operating margins have expanded from -5.9% to -1.9% over the past 3 years, signaling improving operational efficiency. A negative ROE of -3.6% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.8% | 35.8% | 37.4% | 39.3% | 41.6% | 44.5% | 46.0% | 46.3% | 47.0% | 45.2% | 44.0% |
| Operating Margin | -1.9% | -1.9% | -2.7% | -5.9% | -4.2% | -0.5% | -3.9% | -7.6% | 3.3% | 9.0% | 10.0% |
| Net Profit Margin | -1.7% | -1.7% | -0.9% | -2.7% | 3.4% | -5.6% | -12.8% | 1.1% | 8.8% | 3.7% | 14.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.6% | -3.6% | -2.1% | -5.7% | 5.7% | -6.5% | -12.6% | 1.3% | 19.3% | 15.7% | 2043.7% |
| ROA | -1.2% | -1.2% | -0.6% | -1.6% | 2.0% | -2.8% | -7.1% | 1.0% | 14.1% | 6.8% | 33.6% |
| ROIC | -1.2% | -1.2% | -1.9% | -3.6% | -3.0% | -0.3% | -2.6% | -15.0% | 9.5% | 28.6% | 48.3% |
| ROCE | -1.6% | -1.6% | -2.2% | -4.0% | -2.7% | -0.3% | -2.4% | -8.3% | 6.8% | 24.5% | 70.0% |
BAND Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bandwidth Inc. carries a Debt/EBITDA ratio of 16.4x, which is highly leveraged (457% above the sector average of 2.9x). Net debt stands at $598M ($701M total debt minus $103M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.75 | 1.75 | 1.61 | 2.17 | 1.81 | 1.22 | 0.71 | 0.09 | — | 0.00 | — |
| Debt / EBITDA | 16.39 | 16.39 | 17.26 | 41.36 | 26.99 | 12.54 | 37.60 | — | — | 0.00 | 2.10 |
| Net Debt / Equity | — | 1.50 | 1.35 | 1.72 | 1.39 | 0.42 | 0.54 | -0.59 | -0.38 | -0.49 | — |
| Net Debt / EBITDA | 13.98 | 13.98 | 14.45 | 32.89 | 20.76 | 4.28 | 28.70 | — | -3.28 | -1.85 | 1.78 |
| Debt / FCF | — | 0.01 | 6.03 | 26.83 | — | — | — | — | -4.05 | -5.64 | — |
| Interest Coverage | -7.18 | -7.18 | -3.81 | -22.89 | 6.68 | -0.09 | -0.82 | — | 22.43 | 8.46 | 16.79 |
BAND Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.39x means Bandwidth Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.06x to 1.39x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.39 | 1.39 | 1.34 | 2.06 | 2.45 | 4.42 | 2.10 | 4.91 | 2.79 | 2.66 | 0.92 |
| Quick Ratio | 1.39 | 1.39 | 1.34 | 2.06 | 2.45 | 4.42 | 2.10 | 4.91 | 2.79 | 2.66 | 0.92 |
| Cash Ratio | 0.72 | 0.72 | 0.60 | 1.25 | 1.62 | 3.55 | 1.22 | 4.04 | 1.79 | 1.53 | 0.22 |
| Asset Turnover | — | 0.67 | 0.76 | 0.55 | 0.62 | 0.46 | 0.39 | 0.66 | 1.36 | 1.56 | 2.17 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 44.26 | 42.16 | 47.46 | 47.42 | 45.78 | 58.77 | 47.37 | 42.93 | 47.54 | 40.40 |
BAND Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bandwidth Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 134.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 0.2% | 2.1% | 1.6% | — |
| FCF Yield | 100.0% | 14506.3% | 15.1% | 5.2% | — | — | — | — | 1.2% | 2.0% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $30M | $27M | $26M | $31M | $25M | $24M | $24M | $21M | $15M | $15M |
Peer Comparison
Compare BAND with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BANDYou | $2B | -119.5 | 52.4 | 0.0 | 35.8% | -1.9% | -3.6% | -1.2% | 16.4 |
 TWLO | $28B | 886.5 | 73.0 | 27.3 | 48.0% | 3.4% | 0.4% | 1.6% | 2.8 |
 EGHT | $260M | 184.0 | 28.4 | 5.0 | 64.6% | 2.6% | 1.2% | 3.3% | 19.6 |
 RNG | $3B | 73.0 | 11.3 | 5.2 | 71.2% | 5.0% | — | 12.2% | 3.8 |
 FIVN | $1B | 42.2 | 15.3 | 7.4 | 54.7% | 2.8% | 5.6% | 1.7% | 6.2 |
 NICE | $5B | 8.8 | 5.8 | 7.3 | 66.4% | 21.9% | 16.4% | 13.2% | 0.2 |
 LPSN | $24M | -0.2 | — | — | 71.5% | -9.6% | — | -6.6% | — |
 T | $154B | 7.2 | 6.9 | 7.9 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
 VZ | $191B | 11.2 | 7.8 | 9.5 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
 TMUS | $197B | 18.7 | 9.7 | 19.0 | 47.6% | 21.2% | 18.2% | 8.1% | 3.8 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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BAND — Frequently Asked Questions
Quick answers to the most common questions about buying BAND stock.
What is Bandwidth Inc.'s P/E ratio?
Bandwidth Inc.'s current P/E ratio is -119.5x. The historical average is 55.2x.
What is Bandwidth Inc.'s EV/EBITDA?
Bandwidth Inc.'s current EV/EBITDA is 52.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 42.9x.
What is Bandwidth Inc.'s ROE?
Bandwidth Inc.'s return on equity (ROE) is -3.6%. The historical average is -23.3%.
Is BAND stock overvalued?
Based on historical data, Bandwidth Inc. is trading at a P/E of -119.5x. Compare with industry peers and growth rates for a complete picture.
What are Bandwidth Inc.'s profit margins?
Bandwidth Inc. has 35.8% gross margin and -1.9% operating margin.
How much debt does Bandwidth Inc. have?
Bandwidth Inc.'s Debt/EBITDA ratio is 16.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.