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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) 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 $197.0M, roughly 1.1× CRA INTERNATIONAL, INC.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 6.7%, a 3.2% gap on every dollar of revenue. On growth, CRA INTERNATIONAL, INC. posted the faster year-over-year revenue change (11.6% vs 1.9%). Over the past eight quarters, CRA INTERNATIONAL, INC.'s revenue compounded faster (7.1% CAGR vs 4.4%).

CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.

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...

CRAI vs IRDM — Head-to-Head

Bigger by revenue
IRDM
IRDM
1.1× larger
IRDM
$219.1M
$197.0M
CRAI
Growing faster (revenue YoY)
CRAI
CRAI
+9.7% gap
CRAI
11.6%
1.9%
IRDM
Higher net margin
IRDM
IRDM
3.2% more per $
IRDM
9.9%
6.7%
CRAI
Faster 2-yr revenue CAGR
CRAI
CRAI
Annualised
CRAI
7.1%
4.4%
IRDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CRAI
CRAI
IRDM
IRDM
Revenue
$197.0M
$219.1M
Net Profit
$13.2M
$21.6M
Gross Margin
Operating Margin
10.5%
23.2%
Net Margin
6.7%
9.9%
Revenue YoY
11.6%
1.9%
Net Profit YoY
-12.0%
EPS (diluted)
$1.99

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
CRAI
CRAI
IRDM
IRDM
Q1 26
$219.1M
Q4 25
$197.0M
$212.9M
Q3 25
$185.9M
$226.9M
Q2 25
$186.9M
$216.9M
Q1 25
$181.9M
$214.9M
Q4 24
$176.4M
$213.0M
Q3 24
$167.7M
$212.8M
Q2 24
$171.4M
$201.1M
Net Profit
CRAI
CRAI
IRDM
IRDM
Q1 26
$21.6M
Q4 25
$13.2M
$24.9M
Q3 25
$11.5M
$37.1M
Q2 25
$12.1M
$22.0M
Q1 25
$18.0M
$30.4M
Q4 24
$15.0M
$36.3M
Q3 24
$11.4M
$24.4M
Q2 24
$6.5M
$32.3M
Operating Margin
CRAI
CRAI
IRDM
IRDM
Q1 26
23.2%
Q4 25
10.5%
25.9%
Q3 25
9.3%
30.9%
Q2 25
10.6%
23.2%
Q1 25
14.0%
28.1%
Q4 24
12.2%
24.5%
Q3 24
11.0%
25.8%
Q2 24
6.6%
21.7%
Net Margin
CRAI
CRAI
IRDM
IRDM
Q1 26
9.9%
Q4 25
6.7%
11.7%
Q3 25
6.2%
16.4%
Q2 25
6.5%
10.1%
Q1 25
9.9%
14.2%
Q4 24
8.5%
17.1%
Q3 24
6.8%
11.5%
Q2 24
3.8%
16.1%
EPS (diluted)
CRAI
CRAI
IRDM
IRDM
Q1 26
Q4 25
$1.99
$0.24
Q3 25
$0.35
Q2 25
$0.20
Q1 25
$0.27
Q4 24
$0.30
Q3 24
$0.21
Q2 24
$0.27

Balance Sheet & Financial Strength

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

Metric
CRAI
CRAI
IRDM
IRDM
Cash + ST InvestmentsLiquidity on hand
$18.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$213.6M
Total Assets
$628.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRAI
CRAI
IRDM
IRDM
Q1 26
Q4 25
$18.2M
$96.5M
Q3 25
$22.5M
$88.5M
Q2 25
$19.4M
$79.3M
Q1 25
$25.6M
$50.9M
Q4 24
$26.7M
$93.5M
Q3 24
$24.5M
$159.6M
Q2 24
$24.6M
$63.5M
Total Debt
CRAI
CRAI
IRDM
IRDM
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Stockholders' Equity
CRAI
CRAI
IRDM
IRDM
Q1 26
Q4 25
$213.6M
$462.6M
Q3 25
$201.7M
$450.5M
Q2 25
$197.0M
$473.6M
Q1 25
$227.3M
$518.4M
Q4 24
$212.1M
$576.6M
Q3 24
$204.5M
$663.8M
Q2 24
$191.7M
$786.7M
Total Assets
CRAI
CRAI
IRDM
IRDM
Q1 26
Q4 25
$628.9M
$2.5B
Q3 25
$629.0M
$2.6B
Q2 25
$606.8M
$2.6B
Q1 25
$590.4M
$2.6B
Q4 24
$571.4M
$2.7B
Q3 24
$582.3M
$2.8B
Q2 24
$546.0M
$2.7B
Debt / Equity
CRAI
CRAI
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
CRAI
CRAI
IRDM
IRDM
Operating Cash FlowLast quarter
$22.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
13.7%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRAI
CRAI
IRDM
IRDM
Q1 26
Q4 25
$22.4M
$108.6M
Q3 25
$36.5M
$100.8M
Q2 25
$5.9M
$129.6M
Q1 25
$-80.0M
$61.1M
Q4 24
$79.4M
$104.8M
Q3 24
$31.6M
$118.6M
Q2 24
$1.8M
$81.1M
Free Cash Flow
CRAI
CRAI
IRDM
IRDM
Q1 26
Q4 25
$75.1M
Q3 25
$35.9M
$79.2M
Q2 25
$4.7M
$108.9M
Q1 25
$-81.0M
$36.5M
Q4 24
$68.8M
$80.5M
Q3 24
$28.6M
$100.0M
Q2 24
$-509.0K
$68.7M
FCF Margin
CRAI
CRAI
IRDM
IRDM
Q1 26
Q4 25
35.3%
Q3 25
19.3%
34.9%
Q2 25
2.5%
50.2%
Q1 25
-44.5%
17.0%
Q4 24
39.0%
37.8%
Q3 24
17.0%
47.0%
Q2 24
-0.3%
34.2%
Capex Intensity
CRAI
CRAI
IRDM
IRDM
Q1 26
13.7%
Q4 25
15.7%
Q3 25
0.3%
9.5%
Q2 25
0.6%
9.5%
Q1 25
0.5%
11.4%
Q4 24
6.0%
11.4%
Q3 24
1.8%
8.7%
Q2 24
1.4%
6.2%
Cash Conversion
CRAI
CRAI
IRDM
IRDM
Q1 26
Q4 25
1.70×
4.37×
Q3 25
3.19×
2.71×
Q2 25
0.48×
5.90×
Q1 25
-4.44×
2.01×
Q4 24
5.30×
2.88×
Q3 24
2.76×
4.85×
Q2 24
0.28×
2.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRAI
CRAI

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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