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Side-by-side financial comparison of Alliance Laundry Holdings Inc. (ALH) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.

Alliance Laundry Holdings Inc. is the larger business by last-quarter revenue ($437.6M vs $219.1M, roughly 2.0× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 7.5%, a 2.3% gap on every dollar of revenue. On growth, Alliance Laundry Holdings Inc. posted the faster year-over-year revenue change (13.9% vs 1.9%).

Alliance Laundry Systems LLC is an American provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial and industrial laundry equipment under various brands in over 100 countries. Among the company's products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen, Primus, Hue...

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...

ALH vs IRDM — Head-to-Head

Bigger by revenue
ALH
ALH
2.0× larger
ALH
$437.6M
$219.1M
IRDM
Growing faster (revenue YoY)
ALH
ALH
+11.9% gap
ALH
13.9%
1.9%
IRDM
Higher net margin
IRDM
IRDM
2.3% more per $
IRDM
9.9%
7.5%
ALH

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ALH
ALH
IRDM
IRDM
Revenue
$437.6M
$219.1M
Net Profit
$32.9M
$21.6M
Gross Margin
37.0%
Operating Margin
19.5%
23.2%
Net Margin
7.5%
9.9%
Revenue YoY
13.9%
1.9%
Net Profit YoY
620.3%
EPS (diluted)
$0.19

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.

Revenue
ALH
ALH
IRDM
IRDM
Q1 26
$219.1M
Q4 25
$212.9M
Q3 25
$437.6M
$226.9M
Q2 25
$216.9M
Q1 25
$214.9M
Q4 24
$213.0M
Q3 24
$384.3M
$212.8M
Q2 24
$201.1M
Net Profit
ALH
ALH
IRDM
IRDM
Q1 26
$21.6M
Q4 25
$24.9M
Q3 25
$32.9M
$37.1M
Q2 25
$22.0M
Q1 25
$30.4M
Q4 24
$36.3M
Q3 24
$-6.3M
$24.4M
Q2 24
$32.3M
Gross Margin
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
Q3 25
37.0%
Q2 25
Q1 25
Q4 24
Q3 24
37.2%
Q2 24
Operating Margin
ALH
ALH
IRDM
IRDM
Q1 26
23.2%
Q4 25
25.9%
Q3 25
19.5%
30.9%
Q2 25
23.2%
Q1 25
28.1%
Q4 24
24.5%
Q3 24
18.7%
25.8%
Q2 24
21.7%
Net Margin
ALH
ALH
IRDM
IRDM
Q1 26
9.9%
Q4 25
11.7%
Q3 25
7.5%
16.4%
Q2 25
10.1%
Q1 25
14.2%
Q4 24
17.1%
Q3 24
-1.6%
11.5%
Q2 24
16.1%
EPS (diluted)
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
$0.24
Q3 25
$0.19
$0.35
Q2 25
$0.20
Q1 25
$0.27
Q4 24
$0.30
Q3 24
$-0.04
$0.21
Q2 24
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALH
ALH
IRDM
IRDM
Cash + ST InvestmentsLiquidity on hand
$136.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-136.4M
Total Assets
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
$96.5M
Q3 25
$136.2M
$88.5M
Q2 25
$79.3M
Q1 25
$50.9M
Q4 24
$93.5M
Q3 24
$128.4M
$159.6M
Q2 24
$63.5M
Total Debt
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Stockholders' Equity
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
$462.6M
Q3 25
$-136.4M
$450.5M
Q2 25
$473.6M
Q1 25
$518.4M
Q4 24
$576.6M
Q3 24
$-284.6M
$663.8M
Q2 24
$786.7M
Total Assets
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
$2.5B
Q3 25
$2.9B
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.7B
Q3 24
$2.8B
Q2 24
$2.7B
Debt / Equity
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
3.80×
Q3 25
Q2 25
Q1 25
Q4 24
3.05×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALH
ALH
IRDM
IRDM
Operating Cash FlowLast quarter
$116.8M
Free Cash FlowOCF − Capex
$87.0M
FCF MarginFCF / Revenue
19.9%
Capex IntensityCapex / Revenue
6.8%
13.7%
Cash ConversionOCF / Net Profit
3.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
$108.6M
Q3 25
$116.8M
$100.8M
Q2 25
$129.6M
Q1 25
$61.1M
Q4 24
$104.8M
Q3 24
$118.6M
Q2 24
$81.1M
Free Cash Flow
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
$75.1M
Q3 25
$87.0M
$79.2M
Q2 25
$108.9M
Q1 25
$36.5M
Q4 24
$80.5M
Q3 24
$100.0M
Q2 24
$68.7M
FCF Margin
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
35.3%
Q3 25
19.9%
34.9%
Q2 25
50.2%
Q1 25
17.0%
Q4 24
37.8%
Q3 24
47.0%
Q2 24
34.2%
Capex Intensity
ALH
ALH
IRDM
IRDM
Q1 26
13.7%
Q4 25
15.7%
Q3 25
6.8%
9.5%
Q2 25
9.5%
Q1 25
11.4%
Q4 24
11.4%
Q3 24
8.7%
Q2 24
6.2%
Cash Conversion
ALH
ALH
IRDM
IRDM
Q1 26
Q4 25
4.37×
Q3 25
3.55×
2.71×
Q2 25
5.90×
Q1 25
2.01×
Q4 24
2.88×
Q3 24
4.85×
Q2 24
2.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALH
ALH

Equipment Product Or Service$275.7M63%
Other$106.8M24%
Service Parts$33.1M8%
Equipment Financing$12.6M3%

IRDM
IRDM

Voice and data$57.4M26%
IoT data (2)$46.0M21%
Government$39.5M18%
Government service revenue (5)$27.6M13%
Subscriber equipment$20.2M9%
Hosted payload and other data service (4)$14.8M7%
Broadband (3)$12.2M6%
Commercial$1.3M1%

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