vs
Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) 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 $164.3M, roughly 1.3× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 9.9%, a 7.6% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 1.9%). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs 4.4%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
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...
AWR vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $219.1M |
| Net Profit | $28.7M | $21.6M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | 23.2% |
| Net Margin | 17.5% | 9.9% |
| Revenue YoY | 14.8% | 1.9% |
| Net Profit YoY | 1.1% | — |
| EPS (diluted) | $0.74 | — |
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 | $164.3M | $212.9M | ||
| Q3 25 | $182.7M | $226.9M | ||
| Q2 25 | $163.1M | $216.9M | ||
| Q1 25 | $148.0M | $214.9M | ||
| Q4 24 | $143.1M | $213.0M | ||
| Q3 24 | $161.8M | $212.8M | ||
| Q2 24 | $155.3M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $28.7M | $24.9M | ||
| Q3 25 | $41.2M | $37.1M | ||
| Q2 25 | $33.7M | $22.0M | ||
| Q1 25 | $26.8M | $30.4M | ||
| Q4 24 | $28.4M | $36.3M | ||
| Q3 24 | $35.8M | $24.4M | ||
| Q2 24 | $31.9M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 88.9% | — | ||
| Q3 25 | 91.0% | — | ||
| Q2 25 | 92.1% | — | ||
| Q1 25 | 91.3% | — | ||
| Q4 24 | 92.4% | — | ||
| Q3 24 | 92.7% | — | ||
| Q2 24 | 89.6% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 27.4% | 25.9% | ||
| Q3 25 | 33.8% | 30.9% | ||
| Q2 25 | 31.3% | 23.2% | ||
| Q1 25 | 30.8% | 28.1% | ||
| Q4 24 | 27.0% | 24.5% | ||
| Q3 24 | 34.0% | 25.8% | ||
| Q2 24 | 33.3% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 17.5% | 11.7% | ||
| Q3 25 | 22.5% | 16.4% | ||
| Q2 25 | 20.7% | 10.1% | ||
| Q1 25 | 18.1% | 14.2% | ||
| Q4 24 | 19.9% | 17.1% | ||
| Q3 24 | 22.1% | 11.5% | ||
| Q2 24 | 20.5% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.74 | $0.24 | ||
| Q3 25 | $1.06 | $0.35 | ||
| Q2 25 | $0.87 | $0.20 | ||
| Q1 25 | $0.70 | $0.27 | ||
| Q4 24 | $0.75 | $0.30 | ||
| Q3 24 | $0.95 | $0.21 | ||
| Q2 24 | $0.85 | $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 | $18.8M | — |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | — |
| Total Assets | $2.7B | — |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $18.8M | $96.5M | ||
| Q3 25 | $26.1M | $88.5M | ||
| Q2 25 | $20.2M | $79.3M | ||
| Q1 25 | $21.2M | $50.9M | ||
| Q4 24 | $26.7M | $93.5M | ||
| Q3 24 | $16.5M | $159.6M | ||
| Q2 24 | $3.6M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $782.7M | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $462.6M | ||
| Q3 25 | $1.0B | $450.5M | ||
| Q2 25 | $972.5M | $473.6M | ||
| Q1 25 | $956.4M | $518.4M | ||
| Q4 24 | $920.1M | $576.6M | ||
| Q3 24 | $879.5M | $663.8M | ||
| Q2 24 | $833.5M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $2.5B | ||
| Q3 25 | $2.7B | $2.6B | ||
| Q2 25 | $2.6B | $2.6B | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $2.5B | $2.7B | ||
| Q3 24 | $2.4B | $2.8B | ||
| Q2 24 | $2.3B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | 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 | $27.7M | — |
| Free Cash FlowOCF − Capex | $-36.0M | — |
| FCF MarginFCF / Revenue | -21.9% | — |
| Capex IntensityCapex / Revenue | 38.8% | 13.7% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $27.7M | $108.6M | ||
| Q3 25 | $92.4M | $100.8M | ||
| Q2 25 | $64.6M | $129.6M | ||
| Q1 25 | $45.1M | $61.1M | ||
| Q4 24 | $64.5M | $104.8M | ||
| Q3 24 | $63.7M | $118.6M | ||
| Q2 24 | $24.7M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-36.0M | $75.1M | ||
| Q3 25 | $37.7M | $79.2M | ||
| Q2 25 | $13.7M | $108.9M | ||
| Q1 25 | $-22.5M | $36.5M | ||
| Q4 24 | $6.0M | $80.5M | ||
| Q3 24 | $-478.0K | $100.0M | ||
| Q2 24 | $-37.0M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | -21.9% | 35.3% | ||
| Q3 25 | 20.7% | 34.9% | ||
| Q2 25 | 8.4% | 50.2% | ||
| Q1 25 | -15.2% | 17.0% | ||
| Q4 24 | 4.2% | 37.8% | ||
| Q3 24 | -0.3% | 47.0% | ||
| Q2 24 | -23.8% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 38.8% | 15.7% | ||
| Q3 25 | 29.9% | 9.5% | ||
| Q2 25 | 31.2% | 9.5% | ||
| Q1 25 | 45.6% | 11.4% | ||
| Q4 24 | 40.9% | 11.4% | ||
| Q3 24 | 39.7% | 8.7% | ||
| Q2 24 | 39.8% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 4.37× | ||
| Q3 25 | 2.24× | 2.71× | ||
| Q2 25 | 1.92× | 5.90× | ||
| Q1 25 | 1.68× | 2.01× | ||
| Q4 24 | 2.27× | 2.88× | ||
| Q3 24 | 1.78× | 4.85× | ||
| Q2 24 | 0.78× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
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% |
