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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $219.1M, roughly 1.1× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 4.4%, a 5.5% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 1.9%). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs 4.4%).
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...
CSW vs IRDM — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $219.1M |
| Net Profit | $10.3M | $21.6M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 23.2% |
| Net Margin | 4.4% | 9.9% |
| Revenue YoY | 20.3% | 1.9% |
| Net Profit YoY | -61.9% | — |
| EPS (diluted) | $0.62 | — |
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 | $233.0M | $212.9M | ||
| Q3 25 | $277.0M | $226.9M | ||
| Q2 25 | $263.6M | $216.9M | ||
| Q1 25 | $230.5M | $214.9M | ||
| Q4 24 | $193.6M | $213.0M | ||
| Q3 24 | $227.9M | $212.8M | ||
| Q2 24 | $226.2M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $10.3M | $24.9M | ||
| Q3 25 | $40.7M | $37.1M | ||
| Q2 25 | $40.9M | $22.0M | ||
| Q1 25 | $35.1M | $30.4M | ||
| Q4 24 | $26.9M | $36.3M | ||
| Q3 24 | $36.1M | $24.4M | ||
| Q2 24 | $38.6M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 7.4% | 25.9% | ||
| Q3 25 | 20.5% | 30.9% | ||
| Q2 25 | 20.8% | 23.2% | ||
| Q1 25 | 19.5% | 28.1% | ||
| Q4 24 | 15.3% | 24.5% | ||
| Q3 24 | 22.6% | 25.8% | ||
| Q2 24 | 24.3% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 4.4% | 11.7% | ||
| Q3 25 | 14.7% | 16.4% | ||
| Q2 25 | 15.5% | 10.1% | ||
| Q1 25 | 15.2% | 14.2% | ||
| Q4 24 | 13.9% | 17.1% | ||
| Q3 24 | 15.8% | 11.5% | ||
| Q2 24 | 17.1% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.62 | $0.24 | ||
| Q3 25 | $2.41 | $0.35 | ||
| Q2 25 | $2.43 | $0.20 | ||
| Q1 25 | $2.05 | $0.27 | ||
| Q4 24 | $1.60 | $0.30 | ||
| Q3 24 | $2.26 | $0.21 | ||
| Q2 24 | $2.47 | $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 | $40.2M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | — |
| Total Assets | $2.3B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $40.2M | $96.5M | ||
| Q3 25 | $31.5M | $88.5M | ||
| Q2 25 | $38.0M | $79.3M | ||
| Q1 25 | $225.8M | $50.9M | ||
| Q4 24 | $213.8M | $93.5M | ||
| Q3 24 | $273.2M | $159.6M | ||
| Q2 24 | $18.9M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $462.6M | ||
| Q3 25 | $1.1B | $450.5M | ||
| Q2 25 | $1.1B | $473.6M | ||
| Q1 25 | $1.1B | $518.4M | ||
| Q4 24 | $1.0B | $576.6M | ||
| Q3 24 | $1.0B | $663.8M | ||
| Q2 24 | $650.2M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.4B | $2.7B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.1B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.9M | — |
| Free Cash FlowOCF − Capex | $22.7M | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 2.6% | 13.7% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | $108.6M | ||
| Q3 25 | $61.8M | $100.8M | ||
| Q2 25 | $60.6M | $129.6M | ||
| Q1 25 | $27.3M | $61.1M | ||
| Q4 24 | $11.6M | $104.8M | ||
| Q3 24 | $66.8M | $118.6M | ||
| Q2 24 | $62.7M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $22.7M | $75.1M | ||
| Q3 25 | $58.7M | $79.2M | ||
| Q2 25 | $57.7M | $108.9M | ||
| Q1 25 | $22.8M | $36.5M | ||
| Q4 24 | $8.5M | $80.5M | ||
| Q3 24 | $61.3M | $100.0M | ||
| Q2 24 | $59.6M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 35.3% | ||
| Q3 25 | 21.2% | 34.9% | ||
| Q2 25 | 21.9% | 50.2% | ||
| Q1 25 | 9.9% | 17.0% | ||
| Q4 24 | 4.4% | 37.8% | ||
| Q3 24 | 26.9% | 47.0% | ||
| Q2 24 | 26.3% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 2.6% | 15.7% | ||
| Q3 25 | 1.1% | 9.5% | ||
| Q2 25 | 1.1% | 9.5% | ||
| Q1 25 | 2.0% | 11.4% | ||
| Q4 24 | 1.6% | 11.4% | ||
| Q3 24 | 2.4% | 8.7% | ||
| Q2 24 | 1.4% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 4.37× | ||
| Q3 25 | 1.52× | 2.71× | ||
| Q2 25 | 1.48× | 5.90× | ||
| Q1 25 | 0.78× | 2.01× | ||
| Q4 24 | 0.43× | 2.88× | ||
| Q3 24 | 1.85× | 4.85× | ||
| Q2 24 | 1.62× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
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% |
