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Side-by-side financial comparison of Bowman Consulting Group Ltd. (BWMN) 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 $129.0M, roughly 1.7× Bowman Consulting Group Ltd.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 1.5%, a 8.3% gap on every dollar of revenue. On growth, Bowman Consulting Group Ltd. posted the faster year-over-year revenue change (13.9% vs 1.9%). Over the past eight quarters, Bowman Consulting Group Ltd.'s revenue compounded faster (16.6% CAGR vs 4.4%).

SLR Consulting is a privately owned international sustainability consultancy with offices in Europe, North America, South America, Australasia, and Africa. In 2019, it reported revenues of £150.8 million. Its purpose is ‘Making Sustainability Happen’, which it achieves through its global team of expert advisors and technicians, who partner with clients to tackle some of the world’s most complex sustainability challenges. Its ultimate owner is Solar Holdings Topco Limited.

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...

BWMN vs IRDM — Head-to-Head

Bigger by revenue
IRDM
IRDM
1.7× larger
IRDM
$219.1M
$129.0M
BWMN
Growing faster (revenue YoY)
BWMN
BWMN
+12.0% gap
BWMN
13.9%
1.9%
IRDM
Higher net margin
IRDM
IRDM
8.3% more per $
IRDM
9.9%
1.5%
BWMN
Faster 2-yr revenue CAGR
BWMN
BWMN
Annualised
BWMN
16.6%
4.4%
IRDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BWMN
BWMN
IRDM
IRDM
Revenue
$129.0M
$219.1M
Net Profit
$2.0M
$21.6M
Gross Margin
55.0%
Operating Margin
3.2%
23.2%
Net Margin
1.5%
9.9%
Revenue YoY
13.9%
1.9%
Net Profit YoY
-66.7%
EPS (diluted)
$0.13

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
BWMN
BWMN
IRDM
IRDM
Q1 26
$219.1M
Q4 25
$129.0M
$212.9M
Q3 25
$126.0M
$226.9M
Q2 25
$122.1M
$216.9M
Q1 25
$112.9M
$214.9M
Q4 24
$113.2M
$213.0M
Q3 24
$113.9M
$212.8M
Q2 24
$104.5M
$201.1M
Net Profit
BWMN
BWMN
IRDM
IRDM
Q1 26
$21.6M
Q4 25
$2.0M
$24.9M
Q3 25
$6.6M
$37.1M
Q2 25
$6.0M
$22.0M
Q1 25
$-1.7M
$30.4M
Q4 24
$5.9M
$36.3M
Q3 24
$771.0K
$24.4M
Q2 24
$-2.1M
$32.3M
Gross Margin
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
55.0%
Q3 25
53.1%
Q2 25
53.7%
Q1 25
51.4%
Q4 24
53.2%
Q3 24
52.4%
Q2 24
52.5%
Operating Margin
BWMN
BWMN
IRDM
IRDM
Q1 26
23.2%
Q4 25
3.2%
25.9%
Q3 25
4.2%
30.9%
Q2 25
7.4%
23.2%
Q1 25
1.0%
28.1%
Q4 24
1.2%
24.5%
Q3 24
0.4%
25.8%
Q2 24
-1.2%
21.7%
Net Margin
BWMN
BWMN
IRDM
IRDM
Q1 26
9.9%
Q4 25
1.5%
11.7%
Q3 25
5.3%
16.4%
Q2 25
4.9%
10.1%
Q1 25
-1.5%
14.2%
Q4 24
5.2%
17.1%
Q3 24
0.7%
11.5%
Q2 24
-2.0%
16.1%
EPS (diluted)
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
$0.13
$0.24
Q3 25
$0.37
$0.35
Q2 25
$0.34
$0.20
Q1 25
$-0.11
$0.27
Q4 24
$0.37
$0.30
Q3 24
$0.04
$0.21
Q2 24
$-0.13
$0.27

Balance Sheet & Financial Strength

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

Metric
BWMN
BWMN
IRDM
IRDM
Cash + ST InvestmentsLiquidity on hand
$11.1M
Total DebtLower is stronger
$57.6M
Stockholders' EquityBook value
$261.1M
Total Assets
$579.7M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
$11.1M
$96.5M
Q3 25
$16.2M
$88.5M
Q2 25
$15.5M
$79.3M
Q1 25
$10.7M
$50.9M
Q4 24
$6.7M
$93.5M
Q3 24
$11.7M
$159.6M
Q2 24
$23.1M
$63.5M
Total Debt
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
$57.6M
$1.8B
Q3 25
$29.8M
Q2 25
$32.0M
Q1 25
$36.4M
Q4 24
$38.1M
$1.8B
Q3 24
$36.4M
Q2 24
$38.8M
Stockholders' Equity
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
$261.1M
$462.6M
Q3 25
$261.8M
$450.5M
Q2 25
$249.6M
$473.6M
Q1 25
$244.1M
$518.4M
Q4 24
$246.1M
$576.6M
Q3 24
$243.2M
$663.8M
Q2 24
$235.6M
$786.7M
Total Assets
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
$579.7M
$2.5B
Q3 25
$510.2M
$2.6B
Q2 25
$538.2M
$2.6B
Q1 25
$528.7M
$2.6B
Q4 24
$505.9M
$2.7B
Q3 24
$497.0M
$2.8B
Q2 24
$463.4M
$2.7B
Debt / Equity
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
0.22×
3.80×
Q3 25
0.11×
Q2 25
0.13×
Q1 25
0.15×
Q4 24
0.15×
3.05×
Q3 24
0.15×
Q2 24
0.16×

Cash Flow & Capital Efficiency

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

Metric
BWMN
BWMN
IRDM
IRDM
Operating Cash FlowLast quarter
$9.4M
Free Cash FlowOCF − Capex
$8.1M
FCF MarginFCF / Revenue
6.3%
Capex IntensityCapex / Revenue
0.9%
13.7%
Cash ConversionOCF / Net Profit
4.76×
TTM Free Cash FlowTrailing 4 quarters
$33.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
$9.4M
$108.6M
Q3 25
$10.2M
$100.8M
Q2 25
$4.3M
$129.6M
Q1 25
$12.0M
$61.1M
Q4 24
$11.9M
$104.8M
Q3 24
$6.8M
$118.6M
Q2 24
$3.1M
$81.1M
Free Cash Flow
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
$8.1M
$75.1M
Q3 25
$10.1M
$79.2M
Q2 25
$4.2M
$108.9M
Q1 25
$11.0M
$36.5M
Q4 24
$11.7M
$80.5M
Q3 24
$6.6M
$100.0M
Q2 24
$2.7M
$68.7M
FCF Margin
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
6.3%
35.3%
Q3 25
8.0%
34.9%
Q2 25
3.4%
50.2%
Q1 25
9.7%
17.0%
Q4 24
10.4%
37.8%
Q3 24
5.8%
47.0%
Q2 24
2.6%
34.2%
Capex Intensity
BWMN
BWMN
IRDM
IRDM
Q1 26
13.7%
Q4 25
0.9%
15.7%
Q3 25
0.0%
9.5%
Q2 25
0.1%
9.5%
Q1 25
0.9%
11.4%
Q4 24
0.2%
11.4%
Q3 24
0.2%
8.7%
Q2 24
0.3%
6.2%
Cash Conversion
BWMN
BWMN
IRDM
IRDM
Q1 26
Q4 25
4.76×
4.37×
Q3 25
1.54×
2.71×
Q2 25
0.71×
5.90×
Q1 25
2.01×
Q4 24
2.02×
2.88×
Q3 24
8.81×
4.85×
Q2 24
2.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWMN
BWMN

Segment breakdown not available.

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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