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Side-by-side financial comparison of CATO CORP (CATO) 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 $155.4M, roughly 1.4× CATO CORP). Iridium Communications Inc. runs the higher net margin — 9.9% vs -3.3%, a 13.2% gap on every dollar of revenue. On growth, CATO CORP posted the faster year-over-year revenue change (6.3% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -5.7%).

The Cato Corporation is an American retailer of women's fashions and accessories. The company is headquartered in Charlotte, North Carolina. As of January 2016, the company operated 1,372 stores under the names Cato, Cato Plus, It's Fashion, It's Fashion Metro and Versona.

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...

CATO vs IRDM — Head-to-Head

Bigger by revenue
IRDM
IRDM
1.4× larger
IRDM
$219.1M
$155.4M
CATO
Growing faster (revenue YoY)
CATO
CATO
+4.4% gap
CATO
6.3%
1.9%
IRDM
Higher net margin
IRDM
IRDM
13.2% more per $
IRDM
9.9%
-3.3%
CATO
Faster 2-yr revenue CAGR
IRDM
IRDM
Annualised
IRDM
4.4%
-5.7%
CATO

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
CATO
CATO
IRDM
IRDM
Revenue
$155.4M
$219.1M
Net Profit
$-5.2M
$21.6M
Gross Margin
32.7%
Operating Margin
-5.3%
23.2%
Net Margin
-3.3%
9.9%
Revenue YoY
6.3%
1.9%
Net Profit YoY
65.6%
EPS (diluted)
$-0.28

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
CATO
CATO
IRDM
IRDM
Q1 26
$219.1M
Q4 25
$155.4M
$212.9M
Q3 25
$176.5M
$226.9M
Q2 25
$170.2M
$216.9M
Q1 25
$157.9M
$214.9M
Q4 24
$146.2M
$213.0M
Q3 24
$168.6M
$212.8M
Q2 24
$177.1M
$201.1M
Net Profit
CATO
CATO
IRDM
IRDM
Q1 26
$21.6M
Q4 25
$-5.2M
$24.9M
Q3 25
$6.8M
$37.1M
Q2 25
$3.3M
$22.0M
Q1 25
$-14.1M
$30.4M
Q4 24
$-15.1M
$36.3M
Q3 24
$95.0K
$24.4M
Q2 24
$11.0M
$32.3M
Gross Margin
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
32.7%
Q3 25
36.8%
Q2 25
35.8%
Q1 25
29.2%
Q4 24
29.6%
Q3 24
35.3%
Q2 24
36.5%
Operating Margin
CATO
CATO
IRDM
IRDM
Q1 26
23.2%
Q4 25
-5.3%
25.9%
Q3 25
3.1%
30.9%
Q2 25
2.0%
23.2%
Q1 25
-15.2%
28.1%
Q4 24
-11.6%
24.5%
Q3 24
-0.4%
25.8%
Q2 24
3.5%
21.7%
Net Margin
CATO
CATO
IRDM
IRDM
Q1 26
9.9%
Q4 25
-3.3%
11.7%
Q3 25
3.9%
16.4%
Q2 25
1.9%
10.1%
Q1 25
-8.9%
14.2%
Q4 24
-10.3%
17.1%
Q3 24
0.1%
11.5%
Q2 24
6.2%
16.1%
EPS (diluted)
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
$-0.28
$0.24
Q3 25
$0.35
$0.35
Q2 25
$0.17
$0.20
Q1 25
$-0.73
$0.27
Q4 24
$-0.79
$0.30
Q3 24
$0.01
$0.21
Q2 24
$0.54
$0.27

Balance Sheet & Financial Strength

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

Metric
CATO
CATO
IRDM
IRDM
Cash + ST InvestmentsLiquidity on hand
$79.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$167.6M
Total Assets
$450.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
$79.0M
$96.5M
Q3 25
$90.8M
$88.5M
Q2 25
$80.0M
$79.3M
Q1 25
$77.7M
$50.9M
Q4 24
$86.2M
$93.5M
Q3 24
$104.7M
$159.6M
Q2 24
$105.4M
$63.5M
Total Debt
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Stockholders' Equity
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
$167.6M
$462.6M
Q3 25
$172.2M
$450.5M
Q2 25
$164.9M
$473.6M
Q1 25
$162.3M
$518.4M
Q4 24
$177.1M
$576.6M
Q3 24
$195.1M
$663.8M
Q2 24
$196.9M
$786.7M
Total Assets
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
$450.2M
$2.5B
Q3 25
$436.9M
$2.6B
Q2 25
$440.8M
$2.6B
Q1 25
$452.4M
$2.6B
Q4 24
$424.4M
$2.7B
Q3 24
$455.6M
$2.8B
Q2 24
$477.1M
$2.7B
Debt / Equity
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
3.80×
Q3 25
Q2 25
Q1 25
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
CATO
CATO
IRDM
IRDM
Operating Cash FlowLast quarter
$-12.4M
Free Cash FlowOCF − Capex
$-12.9M
FCF MarginFCF / Revenue
-8.3%
Capex IntensityCapex / Revenue
0.3%
13.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
$-12.4M
$108.6M
Q3 25
$11.8M
$100.8M
Q2 25
$3.9M
$129.6M
Q1 25
$-6.5M
$61.1M
Q4 24
$-22.1M
$104.8M
Q3 24
$3.1M
$118.6M
Q2 24
$5.7M
$81.1M
Free Cash Flow
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
$-12.9M
$75.1M
Q3 25
$10.4M
$79.2M
Q2 25
$2.8M
$108.9M
Q1 25
$-7.8M
$36.5M
Q4 24
$-23.8M
$80.5M
Q3 24
$1.6M
$100.0M
Q2 24
$2.4M
$68.7M
FCF Margin
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
-8.3%
35.3%
Q3 25
5.9%
34.9%
Q2 25
1.7%
50.2%
Q1 25
-5.0%
17.0%
Q4 24
-16.3%
37.8%
Q3 24
0.9%
47.0%
Q2 24
1.4%
34.2%
Capex Intensity
CATO
CATO
IRDM
IRDM
Q1 26
13.7%
Q4 25
0.3%
15.7%
Q3 25
0.8%
9.5%
Q2 25
0.6%
9.5%
Q1 25
0.9%
11.4%
Q4 24
1.2%
11.4%
Q3 24
0.9%
8.7%
Q2 24
1.8%
6.2%
Cash Conversion
CATO
CATO
IRDM
IRDM
Q1 26
Q4 25
4.37×
Q3 25
1.72×
2.71×
Q2 25
1.17×
5.90×
Q1 25
2.01×
Q4 24
2.88×
Q3 24
32.95×
4.85×
Q2 24
0.52×
2.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CATO
CATO

Retail Segment$154.7M100%
Credit Card$5.3M3%

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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