vs
Side-by-side financial comparison of CubeSmart (CUBE) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
CubeSmart is the larger business by last-quarter revenue ($281.9M vs $219.1M, roughly 1.3× Iridium Communications Inc.). CubeSmart runs the higher net margin — 29.4% vs 9.9%, a 19.5% gap on every dollar of revenue. On growth, CubeSmart posted the faster year-over-year revenue change (3.3% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs 2.9%).
CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2024, it owned 631 self storage properties in 25 states and the District of Columbia containing 45.8 million rentable square feet. It is the 3rd largest self storage company in the United States.
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...
CUBE vs IRDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $281.9M | $219.1M |
| Net Profit | $82.8M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 40.2% | 23.2% |
| Net Margin | 29.4% | 9.9% |
| Revenue YoY | 3.3% | 1.9% |
| Net Profit YoY | -6.8% | — |
| EPS (diluted) | $0.36 | — |
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 | $281.9M | $219.1M | ||
| Q4 25 | $282.7M | $212.9M | ||
| Q3 25 | $285.1M | $226.9M | ||
| Q2 25 | $282.3M | $216.9M | ||
| Q1 25 | $273.0M | $214.9M | ||
| Q4 24 | $267.7M | $213.0M | ||
| Q3 24 | $270.9M | $212.8M | ||
| Q2 24 | $266.2M | $201.1M |
| Q1 26 | $82.8M | $21.6M | ||
| Q4 25 | $77.7M | $24.9M | ||
| Q3 25 | $82.4M | $37.1M | ||
| Q2 25 | $82.4M | $22.0M | ||
| Q1 25 | $88.7M | $30.4M | ||
| Q4 24 | $101.9M | $36.3M | ||
| Q3 24 | $101.0M | $24.4M | ||
| Q2 24 | $94.2M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 68.7% | — | ||
| Q3 25 | 68.1% | — | ||
| Q2 25 | 68.5% | — | ||
| Q1 25 | 69.6% | — | ||
| Q4 24 | 71.7% | — | ||
| Q3 24 | 69.8% | — | ||
| Q2 24 | 68.8% | — |
| Q1 26 | 40.2% | 23.2% | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 30.9% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 21.7% |
| Q1 26 | 29.4% | 9.9% | ||
| Q4 25 | 27.5% | 11.7% | ||
| Q3 25 | 28.9% | 16.4% | ||
| Q2 25 | 29.2% | 10.1% | ||
| Q1 25 | 32.5% | 14.2% | ||
| Q4 24 | 38.1% | 17.1% | ||
| Q3 24 | 37.3% | 11.5% | ||
| Q2 24 | 35.4% | 16.1% |
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.35 | $0.24 | ||
| Q3 25 | $0.36 | $0.35 | ||
| Q2 25 | $0.36 | $0.20 | ||
| Q1 25 | $0.39 | $0.27 | ||
| Q4 24 | $0.45 | $0.30 | ||
| Q3 24 | $0.44 | $0.21 | ||
| Q2 24 | $0.41 | $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 | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | — |
| Total Assets | $6.6B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.8M | $96.5M | ||
| Q3 25 | $108.4M | $88.5M | ||
| Q2 25 | $8.7M | $79.3M | ||
| Q1 25 | $10.8M | $50.9M | ||
| Q4 24 | $71.6M | $93.5M | ||
| Q3 24 | $43.5M | $159.6M | ||
| Q2 24 | $5.7M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $462.6M | ||
| Q3 25 | $2.8B | $450.5M | ||
| Q2 25 | $2.8B | $473.6M | ||
| Q1 25 | $2.8B | $518.4M | ||
| Q4 24 | $2.9B | $576.6M | ||
| Q3 24 | $2.8B | $663.8M | ||
| Q2 24 | $2.8B | $786.7M |
| Q1 26 | $6.6B | — | ||
| Q4 25 | $6.6B | $2.5B | ||
| Q3 25 | $6.8B | $2.6B | ||
| Q2 25 | $6.7B | $2.6B | ||
| Q1 25 | $6.7B | $2.6B | ||
| Q4 24 | $6.4B | $2.7B | ||
| Q3 24 | $6.2B | $2.8B | ||
| Q2 24 | $6.2B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CUBE
| Rental income | $239.9M | 85% |
| Other | $32.1M | 11% |
| Property management fee income | $9.9M | 4% |
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% |
