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Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) 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 $134.9M, roughly 1.6× CareTrust REIT, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 9.9%, a 72.7% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 1.9%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs 4.4%).
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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...
CTRE vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.9M | $219.1M |
| Net Profit | $111.3M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | — | 23.2% |
| Net Margin | 82.5% | 9.9% |
| Revenue YoY | 55.1% | 1.9% |
| Net Profit YoY | 113.5% | — |
| EPS (diluted) | $0.52 | — |
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 | $134.9M | $212.9M | ||
| Q3 25 | $132.4M | $226.9M | ||
| Q2 25 | $112.5M | $216.9M | ||
| Q1 25 | $96.6M | $214.9M | ||
| Q4 24 | $86.9M | $213.0M | ||
| Q3 24 | $77.4M | $212.8M | ||
| Q2 24 | $68.9M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $111.3M | $24.9M | ||
| Q3 25 | $74.9M | $37.1M | ||
| Q2 25 | $68.5M | $22.0M | ||
| Q1 25 | $65.8M | $30.4M | ||
| Q4 24 | $52.1M | $36.3M | ||
| Q3 24 | $33.4M | $24.4M | ||
| Q2 24 | $10.8M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | 58.1% | 30.9% | ||
| Q2 25 | 61.3% | 23.2% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | 43.0% | 25.8% | ||
| Q2 24 | 15.1% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 82.5% | 11.7% | ||
| Q3 25 | 56.6% | 16.4% | ||
| Q2 25 | 60.9% | 10.1% | ||
| Q1 25 | 68.1% | 14.2% | ||
| Q4 24 | 60.0% | 17.1% | ||
| Q3 24 | 43.2% | 11.5% | ||
| Q2 24 | 15.6% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.52 | $0.24 | ||
| Q3 25 | $0.35 | $0.35 | ||
| Q2 25 | $0.35 | $0.20 | ||
| Q1 25 | $0.35 | $0.27 | ||
| Q4 24 | $0.30 | $0.30 | ||
| Q3 24 | $0.21 | $0.21 | ||
| Q2 24 | $0.07 | $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 | $198.0M | — |
| Total DebtLower is stronger | $894.2M | — |
| Stockholders' EquityBook value | $4.0B | — |
| Total Assets | $5.1B | — |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $198.0M | $96.5M | ||
| Q3 25 | $712.5M | $88.5M | ||
| Q2 25 | $306.1M | $79.3M | ||
| Q1 25 | $26.5M | $50.9M | ||
| Q4 24 | $213.8M | $93.5M | ||
| Q3 24 | $377.1M | $159.6M | ||
| Q2 24 | $495.1M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $894.2M | $1.8B | ||
| Q3 25 | $893.8M | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $822.1M | — | ||
| Q4 24 | $396.9M | $1.8B | ||
| Q3 24 | $396.7M | — | ||
| Q2 24 | $671.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | $462.6M | ||
| Q3 25 | $4.0B | $450.5M | ||
| Q2 25 | $3.3B | $473.6M | ||
| Q1 25 | $2.9B | $518.4M | ||
| Q4 24 | $2.9B | $576.6M | ||
| Q3 24 | $2.4B | $663.8M | ||
| Q2 24 | $1.9B | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $2.5B | ||
| Q3 25 | $5.1B | $2.6B | ||
| Q2 25 | $4.7B | $2.6B | ||
| Q1 25 | $3.9B | $2.6B | ||
| Q4 24 | $3.4B | $2.7B | ||
| Q3 24 | $2.9B | $2.8B | ||
| Q2 24 | $2.7B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.22× | 3.80× | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 0.14× | 3.05× | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.35× | — |
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 | $394.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.7% |
| Cash ConversionOCF / Net Profit | 3.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $394.0M | $108.6M | ||
| Q3 25 | $100.9M | $100.8M | ||
| Q2 25 | $100.8M | $129.6M | ||
| Q1 25 | $71.4M | $61.1M | ||
| Q4 24 | $244.3M | $104.8M | ||
| Q3 24 | $67.2M | $118.6M | ||
| Q2 24 | $53.0M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $75.1M | ||
| Q3 25 | — | $79.2M | ||
| Q2 25 | — | $108.9M | ||
| Q1 25 | — | $36.5M | ||
| Q4 24 | — | $80.5M | ||
| Q3 24 | — | $100.0M | ||
| Q2 24 | — | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.3% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | — | 50.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.54× | 4.37× | ||
| Q3 25 | 1.35× | 2.71× | ||
| Q2 25 | 1.47× | 5.90× | ||
| Q1 25 | 1.08× | 2.01× | ||
| Q4 24 | 4.68× | 2.88× | ||
| Q3 24 | 2.01× | 4.85× | ||
| Q2 24 | 4.92× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRE
Segment breakdown not available.
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% |
