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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $219.1M, roughly 1.5× Iridium Communications Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 9.9%, a 10.6% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -2.4%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
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...
ANDE vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $219.1M |
| Net Profit | $67.4M | $21.6M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | 23.2% |
| Net Margin | 20.5% | 9.9% |
| Revenue YoY | -2.4% | 1.9% |
| Net Profit YoY | 49.6% | — |
| EPS (diluted) | — | — |
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 | — | $219.1M | ||
| Q4 25 | $329.5M | $212.9M | ||
| Q3 25 | $295.8M | $226.9M | ||
| Q2 25 | $535.0M | $216.9M | ||
| Q1 25 | $370.8M | $214.9M | ||
| Q4 24 | $337.5M | $213.0M | ||
| Q3 24 | $231.9M | $212.8M | ||
| Q2 24 | $492.5M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $67.4M | $24.9M | ||
| Q3 25 | $20.1M | $37.1M | ||
| Q2 25 | $7.9M | $22.0M | ||
| Q1 25 | $284.0K | $30.4M | ||
| Q4 24 | $45.1M | $36.3M | ||
| Q3 24 | $27.4M | $24.4M | ||
| Q2 24 | $36.0M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 70.3% | — | ||
| Q3 25 | 57.8% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | 41.2% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 76.4% | — | ||
| Q2 24 | 35.6% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 26.6% | 25.9% | ||
| Q3 25 | 8.7% | 30.9% | ||
| Q2 25 | 4.6% | 23.2% | ||
| Q1 25 | 0.9% | 28.1% | ||
| Q4 24 | 19.9% | 24.5% | ||
| Q3 24 | 26.8% | 25.8% | ||
| Q2 24 | 11.6% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 20.5% | 11.7% | ||
| Q3 25 | 6.8% | 16.4% | ||
| Q2 25 | 1.5% | 10.1% | ||
| Q1 25 | 0.1% | 14.2% | ||
| Q4 24 | 13.4% | 17.1% | ||
| Q3 24 | 11.8% | 11.5% | ||
| Q2 24 | 7.3% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.24 | ||
| Q3 25 | $0.59 | $0.35 | ||
| Q2 25 | $0.23 | $0.20 | ||
| Q1 25 | $0.01 | $0.27 | ||
| Q4 24 | $1.31 | $0.30 | ||
| Q3 24 | $0.80 | $0.21 | ||
| Q2 24 | $1.05 | $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 | $98.3M | — |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | — |
| Total Assets | $3.7B | — |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.3M | $96.5M | ||
| Q3 25 | — | $88.5M | ||
| Q2 25 | — | $79.3M | ||
| Q1 25 | — | $50.9M | ||
| Q4 24 | $561.8M | $93.5M | ||
| Q3 24 | — | $159.6M | ||
| Q2 24 | — | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $560.0M | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $462.6M | ||
| Q3 25 | $1.2B | $450.5M | ||
| Q2 25 | $1.4B | $473.6M | ||
| Q1 25 | $1.4B | $518.4M | ||
| Q4 24 | $1.4B | $576.6M | ||
| Q3 24 | $1.3B | $663.8M | ||
| Q2 24 | $1.3B | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $2.5B | ||
| Q3 25 | $3.3B | $2.6B | ||
| Q2 25 | $3.4B | $2.6B | ||
| Q1 25 | $3.8B | $2.6B | ||
| Q4 24 | $4.1B | $2.7B | ||
| Q3 24 | $3.4B | $2.8B | ||
| Q2 24 | $3.3B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | — |
| Free Cash FlowOCF − Capex | $-77.1M | — |
| FCF MarginFCF / Revenue | -23.4% | — |
| Capex IntensityCapex / Revenue | 21.5% | 13.7% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-6.2M | $108.6M | ||
| Q3 25 | $233.9M | $100.8M | ||
| Q2 25 | $299.3M | $129.6M | ||
| Q1 25 | $-350.0M | $61.1M | ||
| Q4 24 | $268.8M | $104.8M | ||
| Q3 24 | $-2.1M | $118.6M | ||
| Q2 24 | $304.4M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-77.1M | $75.1M | ||
| Q3 25 | $167.0M | $79.2M | ||
| Q2 25 | $250.5M | $108.9M | ||
| Q1 25 | $-396.6M | $36.5M | ||
| Q4 24 | $212.9M | $80.5M | ||
| Q3 24 | $-40.0M | $100.0M | ||
| Q2 24 | $275.8M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | -23.4% | 35.3% | ||
| Q3 25 | 56.5% | 34.9% | ||
| Q2 25 | 46.8% | 50.2% | ||
| Q1 25 | -106.9% | 17.0% | ||
| Q4 24 | 63.1% | 37.8% | ||
| Q3 24 | -17.2% | 47.0% | ||
| Q2 24 | 56.0% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 21.5% | 15.7% | ||
| Q3 25 | 22.6% | 9.5% | ||
| Q2 25 | 9.1% | 9.5% | ||
| Q1 25 | 12.6% | 11.4% | ||
| Q4 24 | 16.6% | 11.4% | ||
| Q3 24 | 16.3% | 8.7% | ||
| Q2 24 | 5.8% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | 4.37× | ||
| Q3 25 | 11.61× | 2.71× | ||
| Q2 25 | 38.10× | 5.90× | ||
| Q1 25 | -1232.46× | 2.01× | ||
| Q4 24 | 5.96× | 2.88× | ||
| Q3 24 | -0.08× | 4.85× | ||
| Q2 24 | 8.46× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
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% |
