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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $219.1M, roughly 1.6× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 4.7%, a 5.1% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs 1.6%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs 2.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
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...
APOG vs IRDM — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $219.1M |
| Net Profit | $16.6M | $21.6M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 23.2% |
| Net Margin | 4.7% | 9.9% |
| Revenue YoY | 1.6% | 1.9% |
| Net Profit YoY | 568.8% | — |
| EPS (diluted) | $0.78 | — |
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 | $351.4M | $219.1M | ||
| Q4 25 | $348.6M | $212.9M | ||
| Q3 25 | $358.2M | $226.9M | ||
| Q2 25 | $346.6M | $216.9M | ||
| Q1 25 | $345.7M | $214.9M | ||
| Q4 24 | $341.3M | $213.0M | ||
| Q3 24 | $342.4M | $212.8M | ||
| Q2 24 | $331.5M | $201.1M |
| Q1 26 | $16.6M | $21.6M | ||
| Q4 25 | $16.5M | $24.9M | ||
| Q3 25 | $23.6M | $37.1M | ||
| Q2 25 | $-2.7M | $22.0M | ||
| Q1 25 | $2.5M | $30.4M | ||
| Q4 24 | $21.0M | $36.3M | ||
| Q3 24 | $30.6M | $24.4M | ||
| Q2 24 | $31.0M | $32.3M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
| Q1 26 | 7.3% | 23.2% | ||
| Q4 25 | 7.1% | 25.9% | ||
| Q3 25 | 7.5% | 30.9% | ||
| Q2 25 | 2.0% | 23.2% | ||
| Q1 25 | 1.8% | 28.1% | ||
| Q4 24 | 8.4% | 24.5% | ||
| Q3 24 | 12.3% | 25.8% | ||
| Q2 24 | 12.5% | 21.7% |
| Q1 26 | 4.7% | 9.9% | ||
| Q4 25 | 4.7% | 11.7% | ||
| Q3 25 | 6.6% | 16.4% | ||
| Q2 25 | -0.8% | 10.1% | ||
| Q1 25 | 0.7% | 14.2% | ||
| Q4 24 | 6.1% | 17.1% | ||
| Q3 24 | 8.9% | 11.5% | ||
| Q2 24 | 9.4% | 16.1% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.24 | ||
| Q3 25 | $1.10 | $0.35 | ||
| Q2 25 | $-0.13 | $0.20 | ||
| Q1 25 | $0.12 | $0.27 | ||
| Q4 24 | $0.96 | $0.30 | ||
| Q3 24 | $1.40 | $0.21 | ||
| Q2 24 | $1.41 | $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 | $39.5M | — |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | — |
| Total Assets | $1.1B | — |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $96.5M | ||
| Q3 25 | $39.5M | $88.5M | ||
| Q2 25 | $32.8M | $79.3M | ||
| Q1 25 | $41.4M | $50.9M | ||
| Q4 24 | $43.9M | $93.5M | ||
| Q3 24 | $51.0M | $159.6M | ||
| Q2 24 | $30.4M | $63.5M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $462.6M | ||
| Q3 25 | $500.2M | $450.5M | ||
| Q2 25 | $481.8M | $473.6M | ||
| Q1 25 | $487.9M | $518.4M | ||
| Q4 24 | $522.1M | $576.6M | ||
| Q3 24 | $506.4M | $663.8M | ||
| Q2 24 | $480.0M | $786.7M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.5B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $917.1M | $2.8B | ||
| Q2 24 | $889.0M | $2.7B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $122.5M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 7.8% | 13.7% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $108.6M | ||
| Q3 25 | $57.1M | $100.8M | ||
| Q2 25 | $-19.8M | $129.6M | ||
| Q1 25 | $30.0M | $61.1M | ||
| Q4 24 | $31.0M | $104.8M | ||
| Q3 24 | $58.7M | $118.6M | ||
| Q2 24 | $5.5M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $75.1M | ||
| Q3 25 | $52.4M | $79.2M | ||
| Q2 25 | $-26.9M | $108.9M | ||
| Q1 25 | $19.1M | $36.5M | ||
| Q4 24 | $22.0M | $80.5M | ||
| Q3 24 | $50.2M | $100.0M | ||
| Q2 24 | $-1.8M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 35.3% | ||
| Q3 25 | 14.6% | 34.9% | ||
| Q2 25 | -7.8% | 50.2% | ||
| Q1 25 | 5.5% | 17.0% | ||
| Q4 24 | 6.4% | 37.8% | ||
| Q3 24 | 14.7% | 47.0% | ||
| Q2 24 | -0.5% | 34.2% |
| Q1 26 | 7.8% | 13.7% | ||
| Q4 25 | 1.9% | 15.7% | ||
| Q3 25 | 1.3% | 9.5% | ||
| Q2 25 | 2.1% | 9.5% | ||
| Q1 25 | 3.2% | 11.4% | ||
| Q4 24 | 2.6% | 11.4% | ||
| Q3 24 | 2.5% | 8.7% | ||
| Q2 24 | 2.2% | 6.2% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 4.37× | ||
| Q3 25 | 2.41× | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | 12.08× | 2.01× | ||
| Q4 24 | 1.48× | 2.88× | ||
| Q3 24 | 1.92× | 4.85× | ||
| Q2 24 | 0.18× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
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% |
