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Side-by-side financial comparison of Civeo Corp (CVEO) 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 $161.6M, roughly 1.4× Civeo Corp). Iridium Communications Inc. runs the higher net margin — 9.9% vs -4.0%, a 13.9% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -1.4%).
The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.
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...
CVEO vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $219.1M |
| Net Profit | $-6.5M | $21.6M |
| Gross Margin | 22.7% | — |
| Operating Margin | -0.1% | 23.2% |
| Net Margin | -4.0% | 9.9% |
| Revenue YoY | 7.1% | 1.9% |
| Net Profit YoY | 58.1% | — |
| EPS (diluted) | $-0.58 | — |
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 | $161.6M | $212.9M | ||
| Q3 25 | $170.5M | $226.9M | ||
| Q2 25 | $162.7M | $216.9M | ||
| Q1 25 | $144.0M | $214.9M | ||
| Q4 24 | $151.0M | $213.0M | ||
| Q3 24 | $176.3M | $212.8M | ||
| Q2 24 | $188.7M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-6.5M | $24.9M | ||
| Q3 25 | $-455.0K | $37.1M | ||
| Q2 25 | $-3.3M | $22.0M | ||
| Q1 25 | $-9.8M | $30.4M | ||
| Q4 24 | $-15.4M | $36.3M | ||
| Q3 24 | $-5.1M | $24.4M | ||
| Q2 24 | $8.2M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 22.7% | — | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 25.3% | — | ||
| Q1 25 | 20.4% | — | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 25.4% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | -0.1% | 25.9% | ||
| Q3 25 | 4.1% | 30.9% | ||
| Q2 25 | 1.7% | 23.2% | ||
| Q1 25 | -3.8% | 28.1% | ||
| Q4 24 | -6.7% | 24.5% | ||
| Q3 24 | 0.0% | 25.8% | ||
| Q2 24 | 6.9% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -4.0% | 11.7% | ||
| Q3 25 | -0.3% | 16.4% | ||
| Q2 25 | -2.0% | 10.1% | ||
| Q1 25 | -6.8% | 14.2% | ||
| Q4 24 | -10.2% | 17.1% | ||
| Q3 24 | -2.9% | 11.5% | ||
| Q2 24 | 4.4% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.58 | $0.24 | ||
| Q3 25 | $-0.04 | $0.35 | ||
| Q2 25 | $-0.25 | $0.20 | ||
| Q1 25 | $-0.72 | $0.27 | ||
| Q4 24 | $-1.04 | $0.30 | ||
| Q3 24 | $-0.36 | $0.21 | ||
| Q2 24 | $0.56 | $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 | $14.4M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $174.4M | — |
| Total Assets | $477.4M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $14.4M | $96.5M | ||
| Q3 25 | $12.0M | $88.5M | ||
| Q2 25 | $14.6M | $79.3M | ||
| Q1 25 | $28.4M | $50.9M | ||
| Q4 24 | $5.2M | $93.5M | ||
| Q3 24 | $17.9M | $159.6M | ||
| Q2 24 | $7.4M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $43.3M | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $174.4M | $462.6M | ||
| Q3 25 | $182.5M | $450.5M | ||
| Q2 25 | $209.4M | $473.6M | ||
| Q1 25 | $220.7M | $518.4M | ||
| Q4 24 | $236.4M | $576.6M | ||
| Q3 24 | $282.2M | $663.8M | ||
| Q2 24 | $297.4M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $477.4M | $2.5B | ||
| Q3 25 | $491.1M | $2.6B | ||
| Q2 25 | $508.8M | $2.6B | ||
| Q1 25 | $423.8M | $2.6B | ||
| Q4 24 | $405.1M | $2.7B | ||
| Q3 24 | $477.6M | $2.8B | ||
| Q2 24 | $483.2M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | 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 | $19.3M | — |
| Free Cash FlowOCF − Capex | $14.5M | — |
| FCF MarginFCF / Revenue | 8.9% | — |
| Capex IntensityCapex / Revenue | 3.0% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $19.3M | $108.6M | ||
| Q3 25 | $13.8M | $100.8M | ||
| Q2 25 | $-2.3M | $129.6M | ||
| Q1 25 | $-8.4M | $61.1M | ||
| Q4 24 | $9.5M | $104.8M | ||
| Q3 24 | $35.7M | $118.6M | ||
| Q2 24 | $32.4M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $14.5M | $75.1M | ||
| Q3 25 | $8.2M | $79.2M | ||
| Q2 25 | $-6.8M | $108.9M | ||
| Q1 25 | $-13.7M | $36.5M | ||
| Q4 24 | $1.8M | $80.5M | ||
| Q3 24 | $28.2M | $100.0M | ||
| Q2 24 | $27.0M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | 35.3% | ||
| Q3 25 | 4.8% | 34.9% | ||
| Q2 25 | -4.2% | 50.2% | ||
| Q1 25 | -9.5% | 17.0% | ||
| Q4 24 | 1.2% | 37.8% | ||
| Q3 24 | 16.0% | 47.0% | ||
| Q2 24 | 14.3% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 3.0% | 15.7% | ||
| Q3 25 | 3.3% | 9.5% | ||
| Q2 25 | 2.8% | 9.5% | ||
| Q1 25 | 3.7% | 11.4% | ||
| Q4 24 | 5.1% | 11.4% | ||
| Q3 24 | 4.2% | 8.7% | ||
| Q2 24 | 2.8% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | 3.93× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVEO
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% |
