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Side-by-side financial comparison of Mission Produce, Inc. (AVO) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.

Mission Produce, Inc. is the larger business by last-quarter revenue ($319.0M vs $219.1M, roughly 1.5× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 5.0%, a 4.8% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -10.0%). Over the past eight quarters, Mission Produce, Inc.'s revenue compounded faster (11.0% CAGR vs 4.4%).

Produce Co., Ltd. was a Japanese video game company. Founded on April 6, 1990 by former Irem employees, it developed a number of games for both Enix and Hudson Soft. Produce! have created games for arcades and for the Super Nintendo Entertainment System, Nintendo 64, PlayStation, and PC Engine systems.

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...

AVO vs IRDM — Head-to-Head

Bigger by revenue
AVO
AVO
1.5× larger
AVO
$319.0M
$219.1M
IRDM
Growing faster (revenue YoY)
IRDM
IRDM
+11.9% gap
IRDM
1.9%
-10.0%
AVO
Higher net margin
IRDM
IRDM
4.8% more per $
IRDM
9.9%
5.0%
AVO
Faster 2-yr revenue CAGR
AVO
AVO
Annualised
AVO
11.0%
4.4%
IRDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVO
AVO
IRDM
IRDM
Revenue
$319.0M
$219.1M
Net Profit
$16.0M
$21.6M
Gross Margin
17.5%
Operating Margin
8.8%
23.2%
Net Margin
5.0%
9.9%
Revenue YoY
-10.0%
1.9%
Net Profit YoY
-7.5%
EPS (diluted)
$0.23

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
AVO
AVO
IRDM
IRDM
Q1 26
$219.1M
Q4 25
$319.0M
$212.9M
Q3 25
$357.7M
$226.9M
Q2 25
$380.3M
$216.9M
Q1 25
$334.2M
$214.9M
Q4 24
$354.4M
$213.0M
Q3 24
$324.0M
$212.8M
Q2 24
$297.6M
$201.1M
Net Profit
AVO
AVO
IRDM
IRDM
Q1 26
$21.6M
Q4 25
$16.0M
$24.9M
Q3 25
$14.7M
$37.1M
Q2 25
$3.1M
$22.0M
Q1 25
$3.9M
$30.4M
Q4 24
$17.3M
$36.3M
Q3 24
$12.4M
$24.4M
Q2 24
$7.0M
$32.3M
Gross Margin
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
17.5%
Q3 25
12.6%
Q2 25
7.5%
Q1 25
9.4%
Q4 24
15.7%
Q3 24
11.4%
Q2 24
10.4%
Operating Margin
AVO
AVO
IRDM
IRDM
Q1 26
23.2%
Q4 25
8.8%
25.9%
Q3 25
5.9%
30.9%
Q2 25
1.8%
23.2%
Q1 25
2.8%
28.1%
Q4 24
8.1%
24.5%
Q3 24
5.2%
25.8%
Q2 24
4.1%
21.7%
Net Margin
AVO
AVO
IRDM
IRDM
Q1 26
9.9%
Q4 25
5.0%
11.7%
Q3 25
4.1%
16.4%
Q2 25
0.8%
10.1%
Q1 25
1.2%
14.2%
Q4 24
4.9%
17.1%
Q3 24
3.8%
11.5%
Q2 24
2.4%
16.1%
EPS (diluted)
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
$0.23
$0.24
Q3 25
$0.21
$0.35
Q2 25
$0.04
$0.20
Q1 25
$0.05
$0.27
Q4 24
$0.25
$0.30
Q3 24
$0.17
$0.21
Q2 24
$0.10
$0.27

Balance Sheet & Financial Strength

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

Metric
AVO
AVO
IRDM
IRDM
Cash + ST InvestmentsLiquidity on hand
$64.8M
Total DebtLower is stronger
$95.8M
Stockholders' EquityBook value
$587.3M
Total Assets
$983.0M
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
$64.8M
$96.5M
Q3 25
$43.7M
$88.5M
Q2 25
$36.7M
$79.3M
Q1 25
$40.1M
$50.9M
Q4 24
$58.0M
$93.5M
Q3 24
$49.5M
$159.6M
Q2 24
$46.2M
$63.5M
Total Debt
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
$95.8M
$1.8B
Q3 25
$131.5M
Q2 25
$147.2M
Q1 25
$117.9M
Q4 24
$113.7M
$1.8B
Q3 24
$134.4M
Q2 24
$170.2M
Stockholders' Equity
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
$587.3M
$462.6M
Q3 25
$568.7M
$450.5M
Q2 25
$552.3M
$473.6M
Q1 25
$550.8M
$518.4M
Q4 24
$547.3M
$576.6M
Q3 24
$527.3M
$663.8M
Q2 24
$513.3M
$786.7M
Total Assets
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
$983.0M
$2.5B
Q3 25
$1.0B
$2.6B
Q2 25
$1.0B
$2.6B
Q1 25
$997.8M
$2.6B
Q4 24
$971.5M
$2.7B
Q3 24
$959.9M
$2.8B
Q2 24
$966.9M
$2.7B
Debt / Equity
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
0.16×
3.80×
Q3 25
0.23×
Q2 25
0.27×
Q1 25
0.21×
Q4 24
0.21×
3.05×
Q3 24
0.25×
Q2 24
0.33×

Cash Flow & Capital Efficiency

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

Metric
AVO
AVO
IRDM
IRDM
Operating Cash FlowLast quarter
$67.2M
Free Cash FlowOCF − Capex
$55.6M
FCF MarginFCF / Revenue
17.4%
Capex IntensityCapex / Revenue
3.6%
13.7%
Cash ConversionOCF / Net Profit
4.20×
TTM Free Cash FlowTrailing 4 quarters
$37.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
$67.2M
$108.6M
Q3 25
$34.4M
$100.8M
Q2 25
$-11.8M
$129.6M
Q1 25
$-1.2M
$61.1M
Q4 24
$38.0M
$104.8M
Q3 24
$42.5M
$118.6M
Q2 24
$3.4M
$81.1M
Free Cash Flow
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
$55.6M
$75.1M
Q3 25
$22.6M
$79.2M
Q2 25
$-25.0M
$108.9M
Q1 25
$-16.0M
$36.5M
Q4 24
$31.1M
$80.5M
Q3 24
$34.9M
$100.0M
Q2 24
$-4.4M
$68.7M
FCF Margin
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
17.4%
35.3%
Q3 25
6.3%
34.9%
Q2 25
-6.6%
50.2%
Q1 25
-4.8%
17.0%
Q4 24
8.8%
37.8%
Q3 24
10.8%
47.0%
Q2 24
-1.5%
34.2%
Capex Intensity
AVO
AVO
IRDM
IRDM
Q1 26
13.7%
Q4 25
3.6%
15.7%
Q3 25
3.3%
9.5%
Q2 25
3.5%
9.5%
Q1 25
4.4%
11.4%
Q4 24
1.9%
11.4%
Q3 24
2.3%
8.7%
Q2 24
2.6%
6.2%
Cash Conversion
AVO
AVO
IRDM
IRDM
Q1 26
Q4 25
4.20×
4.37×
Q3 25
2.34×
2.71×
Q2 25
-3.81×
5.90×
Q1 25
-0.31×
2.01×
Q4 24
2.20×
2.88×
Q3 24
3.43×
4.85×
Q2 24
0.49×
2.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVO
AVO

Avocado$256.9M81%
Blueberry$36.5M11%
Mango$18.7M6%
Other$6.9M2%

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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