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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $110.6M, roughly 2.0× American Assets Trust, Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 6.1%, a 3.8% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs 1.8%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
AAT vs IRDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $219.1M |
| Net Profit | $6.7M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 23.4% | 23.2% |
| Net Margin | 6.1% | 9.9% |
| Revenue YoY | 1.8% | 1.9% |
| Net Profit YoY | -16.3% | — |
| EPS (diluted) | $0.08 | — |
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.
| Q1 26 | $110.6M | $219.1M | ||
| Q4 25 | $110.1M | $212.9M | ||
| Q3 25 | $109.6M | $226.9M | ||
| Q2 25 | $107.9M | $216.9M | ||
| Q1 25 | $108.6M | $214.9M | ||
| Q4 24 | $113.5M | $213.0M | ||
| Q3 24 | $122.8M | $212.8M | ||
| Q2 24 | $110.9M | $201.1M |
| Q1 26 | $6.7M | $21.6M | ||
| Q4 25 | — | $24.9M | ||
| Q3 25 | $4.5M | $37.1M | ||
| Q2 25 | $5.5M | $22.0M | ||
| Q1 25 | $42.5M | $30.4M | ||
| Q4 24 | — | $36.3M | ||
| Q3 24 | $16.7M | $24.4M | ||
| Q2 24 | $11.9M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | — | ||
| Q3 25 | 60.5% | — | ||
| Q2 25 | 62.6% | — | ||
| Q1 25 | 62.0% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 65.5% | — | ||
| Q2 24 | 63.6% | — |
| Q1 26 | 23.4% | 23.2% | ||
| Q4 25 | 21.1% | 25.9% | ||
| Q3 25 | 22.6% | 30.9% | ||
| Q2 25 | 24.1% | 23.2% | ||
| Q1 25 | 66.3% | 28.1% | ||
| Q4 24 | 26.5% | 24.5% | ||
| Q3 24 | 30.8% | 25.8% | ||
| Q2 24 | 27.8% | 21.7% |
| Q1 26 | 6.1% | 9.9% | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | 4.1% | 16.4% | ||
| Q2 25 | 5.1% | 10.1% | ||
| Q1 25 | 39.2% | 14.2% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | 13.6% | 11.5% | ||
| Q2 24 | 10.7% | 16.1% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.24 | ||
| Q3 25 | $0.07 | $0.35 | ||
| Q2 25 | $0.09 | $0.20 | ||
| Q1 25 | $0.70 | $0.27 | ||
| Q4 24 | $0.14 | $0.30 | ||
| Q3 24 | $0.28 | $0.21 | ||
| Q2 24 | $0.20 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | — |
| Total Assets | $2.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $96.5M | ||
| Q3 25 | $138.7M | $88.5M | ||
| Q2 25 | $143.7M | $79.3M | ||
| Q1 25 | $143.9M | $50.9M | ||
| Q4 24 | $425.7M | $93.5M | ||
| Q3 24 | $533.0M | $159.6M | ||
| Q2 24 | $114.9M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $462.6M | ||
| Q3 25 | $1.2B | $450.5M | ||
| Q2 25 | $1.2B | $473.6M | ||
| Q1 25 | $1.2B | $518.4M | ||
| Q4 24 | $1.2B | $576.6M | ||
| Q3 24 | $1.2B | $663.8M | ||
| Q2 24 | $1.2B | $786.7M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.5B | ||
| Q3 25 | $2.9B | $2.6B | ||
| Q2 25 | $3.0B | $2.6B | ||
| Q1 25 | $3.0B | $2.6B | ||
| Q4 24 | $3.3B | $2.7B | ||
| Q3 24 | $3.4B | $2.8B | ||
| Q2 24 | $3.0B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
