IRDMNasdaqCommunications Services, NECFiscal year ends December 31
Iridium Communications Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 20, 2026
$44.18+0.42 (+0.96%)
Close on Oct 19, 2026
- Market cap
- $4.79B
- P/E (TTM)
- 50.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
27.1%+21.0 pts over 5 years
Net margin
13.1%+22.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.9% | +6.5% | +8.4% | +7.8% | |
| Operating income | +17.8% | +45.5% | +46.1% | +12.3% | |
| Net income | +1.4% | +135.8% | – | +32.0% | |
| EPS, diluted | +12.8% | +147.4% | – | – | |
| Free cash flow | -2.0% | +3.1% | +7.3% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.6% | -3.9% | 22.0% | |
| Return on assets | 3.4% | -1.6% | 4.4% | |
| Current ratio | 6.21 | 3.08 | 2.48 | |
| Interest coverage | 2.3× | – | 16.1× | |
| Inventory turnover | 1.9× | – | – | |
| Capex to revenue | 93.6% | 6.6% | 11.5% | |
| Diluted shares | 125M | 133M | 108M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Iridium Communications generated $1.74B from operations and spent $1.81B on capital expenditure, dividends and share buybacks. 20% of that went back into the business.
Generated
$1.74B
Used
$1.81B
Capital expenditure$357.07M20%Dividends$192.37M11%Share buybacks$1.26B70%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.1%
×Asset turnover0.34×
×Equity multiplier5.01×
=Return on equity, FY202522.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.1% | 0.34× | 5.01× | 22.0% |
| FY2024 | 13.6% | 0.31× | 3.64× | 15.4% |
| FY2023 | 1.9% | 0.28× | 2.78× | 1.5% |
| FY2022 | 1.2% | 0.24× | 2.54× | 0.7% |
| FY2021 | -1.5% | 0.19× | 2.42× | -0.7% |
| FY2020 | -9.6% | 0.17× | 2.43× | -3.9% |
| FY2019 | -28.9% | 0.15× | 2.50× | -10.6% |
| FY2018 | -2.6% | 0.13× | 2.44× | -0.8% |
| FY2017 | 52.2% | 0.12× | 2.48× | 15.9% |
| FY2016 | 25.6% | 0.13× | 2.55× | 8.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$114.37M
- Cash generatingOperating cash flow above zero$400.07M
- Return on assets improvedROA up on the prior year4.2% → 4.3%
- Earnings backed by cashOperating cash flow above net income$400.07M vs $114.37M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.73 → 2.48
- No dilutionShare count did not rise120M → 108M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.31 → 0.33