API vs SANG vs BAND Stock Comparison

Agora, Sangoma Technologies and Bandwidth Prices as of Oct 28, 2026 Peers: Industry group
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API Agora, Inc.
$4.46 +7.5% 1M +27.1% 1Y
Market cap
$411.13M
P/E
37.5x
Revenue (TTM)
$151.69M
Div. yield
–
Communications Platforms Technology
4 wins
SANG Sangoma Technologies Corp
$4.66 +29.8% 1M -7.9% 1Y
Market cap
$155.92M
P/E
–
Revenue (TTM)
$203.08M
Div. yield
–
Communications Platforms Technology
2 wins
BAND Bandwidth Inc.
$48.45 -20.6% 1M +185.8% 1Y
Market cap
$1.67B
P/E
–
Revenue (TTM)
$828.24M
Div. yield
–
Communications Platforms Technology
4 wins

Head to Head

10 decided of 12

Bandwidth leads on 4 of the 12 questions below (Bandwidth 4, Agora 4, Sangoma Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAPISANGBANDLeader
Larger companyMarket capitalisation $411.13M $155.92M $1.67B BAND
Cheaper on earningsLower P/E, profitable companies only 37.5x -2.0x -663.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.9x — 28.3x BAND
Faster revenue growthRevenue growth, trailing twelve months +13.6% -14.2% +9.3% API
More profitableNet margin, trailing twelve months 7.2% -39.0% -0.3% API
Better return on capitalReturn on invested capital — 54.0% 0.0% SANG
Less leveragedLower net debt / EBITDA 1,164x 0.2x 3.2x SANG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +27.1% -7.9% +185.8% BAND
Better 5-year returnAnnualised price return, 5 years -27.2%/yr -26.7%/yr -10.7%/yr BAND
Less volatileAnnualised volatility, 1 year 48.9% 51.2% 95.1% API
Higher overall scoreMean of the five percentile scores vs peers 43/100 42/100 33/100 API

Percentile Scorecard

APISANGBAND

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAPISANGBAND
Valuation 21 #23 of 29 93 #3 of 29 39 #18 of 29
Growth 54 #13 of 27 0 #27 of 27 27 #20 of 27
Profitability 20 #21 of 26 48 #14 of 26 28 #19 of 26
Financial Health 77 #8 of 31 50 #16 of 31 43 #18 of 31
Shareholder Returns – 19 #14 of 17 25 #13 of 17
Overall 43 42 33
  • API ranked among 32 companies in Workplace Software
  • SANG ranked among 32 companies in Workplace Software
  • BAND ranked among 32 companies in Workplace Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAPISANGBANDSPY
1 month +7.5%+29.8%-20.6% +0.9%
3 months +13.2%+13.7%+31.1% +5.9%
6 months +27.1%+9.9%+100.2% +8.5%
Year to date +9.6%-8.1%+213.6% +13.3%
1 year +27.1%-7.9%+185.8% +12.4%
3 years +50.7%+63.5%+406.8% +88.1%
3 years, per year +14.7%+17.8%+71.8% +23.5%
5 years -79.5%-78.8%-43.2% +68.2%
5 years, per year -27.2%-26.7%-10.7% +11.0%
10 years —+121.9%— +263.4%
10 years, per year —+8.3%— +13.8%

Risk

MeasureAPISANGBANDSPY
Volatility, 1Y 48.9%51.2%95.1% 12.7%
Downside volatility, 1Y 45.5%42.2%91.1% 12.7%
Beta vs S&P 500, 1Y 0.890.192.45 1.00
Return / volatility, 1Y 0.55-0.151.95 0.98
Max drawdown, 5Y -93.1%-89.2%-89.3% -25.4%
From 52-week high -15.2%-13.7%-38.2% -0.9%
52-week high $5.26$5.40$78.44 $779.14
52-week low $3.24$3.42$12.82 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAPISANGBAND
P/E now vs peer median 37.4xmedian 31.0x -2.0xmedian 31.0x -618.2xmedian 31.0x
P/S now vs peer median 3.5xmedian 2.5x 0.8xmedian 2.5x 1.8xmedian 2.5x
EV/EBITDA now vs peer median -7,035xmedian 11.2x 1.7xmedian 11.2x 33.5xmedian 11.2x
P/FCF now vs peer median 35.8xmedian 15.6x 7.1xmedian 15.6x 19.3xmedian 15.6x
P/B now vs peer median —median 3.2x 0.9xmedian 3.2x 3.9xmedian 3.2x
PEG now vs peer median 1.34median 0.74 0.05median 0.74 22.15median 0.74

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAPISANGBAND
Revenue $151.69M $203.08M $828.24M
Gross profit $97.83M $143.68M $308.33M
Operating income -$5.19M $66.76M -$15.11M
Net income $10.97M -$81.09M $2.26M
Free cash flow $14.67M $21.92M $77.35M
R&D $57.28M $42.90M $145.95M
EPS (diluted) $0.11 $-2.38 $-0.08
Cash & equivalents $72.67M $10.43M $169.90M
Total debt $1.34M $89.10M $330.77M
Shares (diluted) 98.86M 33.24M 33.49M
Enterprise value $61.98M $97.42M $1.25B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAPISANGBAND
P/E 37.4x -2.0x -618.2x
P/FCF 35.8x 7.1x 19.3x
P/Operating cash flow 38.7x 6.6x 15.2x
P/S 3.5x 0.8x 1.8x
P/B – 0.9x 3.9x
P/Tangible book – 1.3x 5.8x
EV/EBITDA -7,035x 1.7x 33.5x
EV/EBIT -86.8x 2.6x -109.1x
EV/Revenue 3.0x 0.8x 2.0x
EV/FCF 30.7x 7.9x 21.3x
EV/Operating cash flow 33.2x 7.3x 16.8x
PEG (3Y EPS CAGR) 1.34 0.05 22.15

Growth

14 metrics
MetricAPISANGBAND
Revenue growth (1Y) 13.6% -14.2% 9.3%
Revenue CAGR (3Y) 0.0% -7.0% 12.0%
Gross profit growth (1Y) 9.3% -11.2% 5.3%
Gross profit CAGR (3Y) 1.7% -6.0% 8.4%
Operating income growth (1Y) 85.7% -18.1% -25.9%
Operating income CAGR (3Y) 65.3% -18.7% 18.3%
Net income growth (1Y) 149.5% -1,519% 122.6%
Net income CAGR (3Y) 27.8% -40.8% -58.8%
EPS growth (1Y) 146.7% -1,493% 77.6%
EPS CAGR (3Y) 27.9% -39.6% -27.9%
Operating cash flow growth (1Y) -20.9% -43.3% 14.9%
Operating cash flow CAGR (3Y) 35.5% -9.9% 46.5%
Free cash flow growth (1Y) -25.1% -50.4% 14.0%
Free cash flow CAGR (3Y) 37.4% -8.2% 117.7%

Profitability

14 metrics
MetricAPISANGBAND
Gross margin 64.5% 70.7% 37.2%
EBITDA margin 0.0% 50.3% 5.9%
Operating margin -3.4% 32.9% -1.8%
Pretax margin 7.3% -41.7% -0.7%
Net margin 7.2% -39.0% -0.3%
FCF margin 9.7% 10.8% 9.3%
Operating cash flow margin 8.9% 11.7% 11.9%
Return on equity – -87.1% 0.6%
Return on assets 1.6% – 0.2%
Return on invested capital – 54.0% 0.0%
Return on capital employed -0.8% – -1.7%
Asset turnover 0.2x – 0.8x
Cash conversion (OCF / net income) 1.2x -0.3x 43.5x
Stock comp / revenue 3.0% 1.2% 6.3%

Financial Health

11 metrics
MetricAPISANGBAND
Debt / assets 0.2% 11.6% 30.0%
Debt / equity – 0.2x 0.9x
Net debt / EBITDA 1,164x 0.2x 3.2x
Debt / FCF 0.1x 1.2x 4.3x
Liabilities / assets 24.1% 25.8% 65.7%
Equity / assets – 74.2% 34.3%
Interest coverage -86.5x 33.0x –
Current ratio 5.1x 0.8x 2.0x
Quick ratio 1.3x 0.5x 2.3x
Cash ratio 1.0x 0.2x 1.2x
Altman Z-score – 1.93 2.02

Shareholder Returns

7 metrics
MetricAPISANGBAND
Dividend yield – – –
Net buyback yield – -0.1% 1.3%
Shareholder yield – -0.1% 1.3%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAPISANGBAND
Forward P/E 31.9xFY2026 – 28.3xFY2026
EPS, next fiscal year $0.14FY2026 $-0.17FY2027 $1.71FY2026
EPS growth, next FY +40.0%FY2026 – +19.6%FY2026
EPS growth, the year after +107.1% – +15.8%
Revenue, next fiscal year $171.35MFY2026 $192.47MFY2027 $938.18MFY2026
Revenue growth, next FY +21.5%FY2026 -3.8%FY2027 +24.5%FY2026
Revenue growth, the year after +1.5% +3.5% -3.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPISANGBAND
Held by institutions 21.2% – 98.8%
Institutions holding 59 – 240
Change in shares held, QoQ -1.9% – +27.1%
Institutions buying 27 – 171
Institutions selling 18 – 52
Buyers to sellers 1.50 – 3.29

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

APISANGBAND
API 1.00 0.08 0.16
SANG 0.08 1.00 0.07
BAND 0.16 0.07 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, API, SANG and BAND?

Bandwidth (BAND) is the largest by market capitalisation: Agora (API) $411.13M, Sangoma Technologies (SANG) $155.92M, Bandwidth (BAND) $1.67B.

Which company is growing faster?

Agora (API) grew revenue fastest over the trailing twelve months: Agora (API) +13.6%, Sangoma Technologies (SANG) -14.2%, Bandwidth (BAND) +9.3%.

Which company is more profitable?

Agora (API) has the highest net margin (Agora (API) 7.2%, Sangoma Technologies (SANG) -39.0%, Bandwidth (BAND) -0.3%). On return on invested capital, Sangoma Technologies (SANG) leads (Sangoma Technologies (SANG) 54.0%, Bandwidth (BAND) 0.0%).

Which stock has performed better?

Over the past year Bandwidth (BAND) returned the most: Agora (API) +27.1%, Sangoma Technologies (SANG) -7.9%, Bandwidth (BAND) +185.8%. Over five years, Bandwidth (BAND) compounded fastest (Agora (API) -27.2%/yr, Sangoma Technologies (SANG) -26.7%/yr, Bandwidth (BAND) -10.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Agora (API) has been the steadiest (Agora (API) 48.9%, Sangoma Technologies (SANG) 51.2%, Bandwidth (BAND) 95.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, API, SANG and BAND?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bandwidth (BAND) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.