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

CAVA GROUP, INC. is the larger business by last-quarter revenue ($280.6M vs $219.1M, roughly 1.3× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 6.5%, a 3.3% gap on every dollar of revenue. On growth, CAVA GROUP, INC. posted the faster year-over-year revenue change (20.2% vs 1.9%).

Cava, also referred to as Cava Grill, is an American Mediterranean fast casual restaurant chain with locations across the United States. Cava is owned by the publicly traded Cava Group, which purchased Zoës Kitchen in August 2018. The combined company is the largest restaurant operator in the Mediterranean category in the U.S. restaurant industry. Cava also produces a line of Mediterranean dips, spreads, and dressings that are sold in grocery stores across the US. As of May 2023, all Zoës Kit...

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...

CAVA vs IRDM — Head-to-Head

Bigger by revenue
CAVA
CAVA
1.3× larger
CAVA
$280.6M
$219.1M
IRDM
Growing faster (revenue YoY)
CAVA
CAVA
+18.2% gap
CAVA
20.2%
1.9%
IRDM
Higher net margin
IRDM
IRDM
3.3% more per $
IRDM
9.9%
6.5%
CAVA

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
CAVA
CAVA
IRDM
IRDM
Revenue
$280.6M
$219.1M
Net Profit
$18.4M
$21.6M
Gross Margin
Operating Margin
7.0%
23.2%
Net Margin
6.5%
9.9%
Revenue YoY
20.2%
1.9%
Net Profit YoY
-7.0%
EPS (diluted)
$0.16

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
CAVA
CAVA
IRDM
IRDM
Q1 26
$219.1M
Q4 25
$212.9M
Q3 25
$280.6M
$226.9M
Q2 25
$331.8M
$216.9M
Q1 25
$214.9M
Q4 24
$213.0M
Q3 24
$233.5M
$212.8M
Q2 24
$259.0M
$201.1M
Net Profit
CAVA
CAVA
IRDM
IRDM
Q1 26
$21.6M
Q4 25
$24.9M
Q3 25
$18.4M
$37.1M
Q2 25
$25.7M
$22.0M
Q1 25
$30.4M
Q4 24
$36.3M
Q3 24
$19.7M
$24.4M
Q2 24
$14.0M
$32.3M
Gross Margin
CAVA
CAVA
IRDM
IRDM
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
26.7%
Q2 24
25.2%
Operating Margin
CAVA
CAVA
IRDM
IRDM
Q1 26
23.2%
Q4 25
25.9%
Q3 25
7.0%
30.9%
Q2 25
4.7%
23.2%
Q1 25
28.1%
Q4 24
24.5%
Q3 24
6.9%
25.8%
Q2 24
3.6%
21.7%
Net Margin
CAVA
CAVA
IRDM
IRDM
Q1 26
9.9%
Q4 25
11.7%
Q3 25
6.5%
16.4%
Q2 25
7.7%
10.1%
Q1 25
14.2%
Q4 24
17.1%
Q3 24
8.5%
11.5%
Q2 24
5.4%
16.1%
EPS (diluted)
CAVA
CAVA
IRDM
IRDM
Q1 26
Q4 25
$0.24
Q3 25
$0.16
$0.35
Q2 25
$0.22
$0.20
Q1 25
$0.27
Q4 24
$0.30
Q3 24
$0.17
$0.21
Q2 24
$0.12
$0.27

Balance Sheet & Financial Strength

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

Metric
CAVA
CAVA
IRDM
IRDM
Cash + ST InvestmentsLiquidity on hand
$290.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$750.7M
Total Assets
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAVA
CAVA
IRDM
IRDM
Q1 26
Q4 25
$96.5M
Q3 25
$290.2M
$88.5M
Q2 25
$289.4M
$79.3M
Q1 25
$50.9M
Q4 24
$93.5M
Q3 24
$343.7M
$159.6M
Q2 24
$329.1M
$63.5M
Total Debt
CAVA
CAVA
IRDM
IRDM
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Stockholders' Equity
CAVA
CAVA
IRDM
IRDM
Q1 26
Q4 25
$462.6M
Q3 25
$750.7M
$450.5M
Q2 25
$726.2M
$473.6M
Q1 25
$518.4M
Q4 24
$576.6M
Q3 24
$595.4M
$663.8M
Q2 24
$580.8M
$786.7M
Total Assets
CAVA
CAVA
IRDM
IRDM
Q1 26
Q4 25
$2.5B
Q3 25
$1.3B
$2.6B
Q2 25
$1.2B
$2.6B
Q1 25
$2.6B
Q4 24
$2.7B
Q3 24
$1.0B
$2.8B
Q2 24
$1.0B
$2.7B
Debt / Equity
CAVA
CAVA
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
CAVA
CAVA
IRDM
IRDM
Operating Cash FlowLast quarter
$60.3M
Free Cash FlowOCF − Capex
$19.2M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
14.7%
13.7%
Cash ConversionOCF / Net Profit
3.28×
TTM Free Cash FlowTrailing 4 quarters
$49.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAVA
CAVA
IRDM
IRDM
Q1 26
Q4 25
$108.6M
Q3 25
$60.3M
$100.8M
Q2 25
$38.6M
$129.6M
Q1 25
$61.1M
Q4 24
$104.8M
Q3 24
$48.9M
$118.6M
Q2 24
$38.4M
$81.1M
Free Cash Flow
CAVA
CAVA
IRDM
IRDM
Q1 26
Q4 25
$75.1M
Q3 25
$19.2M
$79.2M
Q2 25
$2.7M
$108.9M
Q1 25
$36.5M
Q4 24
$80.5M
Q3 24
$22.7M
$100.0M
Q2 24
$4.7M
$68.7M
FCF Margin
CAVA
CAVA
IRDM
IRDM
Q1 26
Q4 25
35.3%
Q3 25
6.8%
34.9%
Q2 25
0.8%
50.2%
Q1 25
17.0%
Q4 24
37.8%
Q3 24
9.7%
47.0%
Q2 24
1.8%
34.2%
Capex Intensity
CAVA
CAVA
IRDM
IRDM
Q1 26
13.7%
Q4 25
15.7%
Q3 25
14.7%
9.5%
Q2 25
10.8%
9.5%
Q1 25
11.4%
Q4 24
11.4%
Q3 24
11.2%
8.7%
Q2 24
13.0%
6.2%
Cash Conversion
CAVA
CAVA
IRDM
IRDM
Q1 26
Q4 25
4.37×
Q3 25
3.28×
2.71×
Q2 25
1.50×
5.90×
Q1 25
2.01×
Q4 24
2.88×
Q3 24
2.48×
4.85×
Q2 24
2.74×
2.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CAVA
CAVA

Restaurant Revenue$278.2M99%
Rewards$2.8M1%
CPG Revenue And Other$2.4M1%

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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