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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) 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 $154.8M, roughly 1.4× Commercial Vehicle Group, Inc.). On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -5.2%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -10.8%).
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
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...
CVGI vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $154.8M | $219.1M |
| Net Profit | — | $21.6M |
| Gross Margin | 9.7% | — |
| Operating Margin | -1.2% | 23.2% |
| Net Margin | — | 9.9% |
| Revenue YoY | -5.2% | 1.9% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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 | $154.8M | $212.9M | ||
| Q3 25 | $152.5M | $226.9M | ||
| Q2 25 | $172.0M | $216.9M | ||
| Q1 25 | $169.8M | $214.9M | ||
| Q4 24 | $163.3M | $213.0M | ||
| Q3 24 | $171.8M | $212.8M | ||
| Q2 24 | $193.7M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | — | $24.9M | ||
| Q3 25 | $-7.1M | $37.1M | ||
| Q2 25 | $-4.8M | $22.0M | ||
| Q1 25 | $-4.3M | $30.4M | ||
| Q4 24 | — | $36.3M | ||
| Q3 24 | $9.5M | $24.4M | ||
| Q2 24 | $-1.6M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 10.6% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | -1.2% | 25.9% | ||
| Q3 25 | -0.7% | 30.9% | ||
| Q2 25 | 0.5% | 23.2% | ||
| Q1 25 | 0.8% | 28.1% | ||
| Q4 24 | -3.2% | 24.5% | ||
| Q3 24 | -0.6% | 25.8% | ||
| Q2 24 | 0.5% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | -4.6% | 16.4% | ||
| Q2 25 | -2.8% | 10.1% | ||
| Q1 25 | -2.5% | 14.2% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | 5.5% | 11.5% | ||
| Q2 24 | -0.8% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.24 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.20 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | $-0.05 | $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 | $104.9M | — |
| Stockholders' EquityBook value | $133.4M | — |
| Total Assets | $391.7M | — |
| Debt / EquityLower = less leverage | 0.79× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $96.5M | ||
| Q3 25 | — | $88.5M | ||
| Q2 25 | — | $79.3M | ||
| Q1 25 | — | $50.9M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | — | $159.6M | ||
| Q2 24 | — | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $104.9M | $1.8B | ||
| Q3 25 | $108.2M | — | ||
| Q2 25 | $118.2M | — | ||
| Q1 25 | $117.4M | — | ||
| Q4 24 | $135.5M | $1.8B | ||
| Q3 24 | $128.8M | — | ||
| Q2 24 | $142.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $133.4M | $462.6M | ||
| Q3 25 | $136.5M | $450.5M | ||
| Q2 25 | $142.6M | $473.6M | ||
| Q1 25 | $136.7M | $518.4M | ||
| Q4 24 | $135.6M | $576.6M | ||
| Q3 24 | $179.3M | $663.8M | ||
| Q2 24 | $169.6M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $391.7M | $2.5B | ||
| Q3 25 | $400.3M | $2.6B | ||
| Q2 25 | $429.8M | $2.6B | ||
| Q1 25 | $419.8M | $2.6B | ||
| Q4 24 | $424.6M | $2.7B | ||
| Q3 24 | $495.3M | $2.8B | ||
| Q2 24 | $503.2M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.79× | 3.80× | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 0.83× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.00× | 3.05× | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.84× | — |
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 | $12.3M | — |
| Free Cash FlowOCF − Capex | $8.7M | — |
| FCF MarginFCF / Revenue | 5.6% | — |
| Capex IntensityCapex / Revenue | 2.3% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $34.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $12.3M | $108.6M | ||
| Q3 25 | $-1.7M | $100.8M | ||
| Q2 25 | $18.9M | $129.6M | ||
| Q1 25 | $15.2M | $61.1M | ||
| Q4 24 | $-26.6M | $104.8M | ||
| Q3 24 | $-17.1M | $118.6M | ||
| Q2 24 | $12.6M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $8.7M | $75.1M | ||
| Q3 25 | $-3.5M | $79.2M | ||
| Q2 25 | $17.4M | $108.9M | ||
| Q1 25 | $11.4M | $36.5M | ||
| Q4 24 | $-30.6M | $80.5M | ||
| Q3 24 | $-20.3M | $100.0M | ||
| Q2 24 | $6.4M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 35.3% | ||
| Q3 25 | -2.3% | 34.9% | ||
| Q2 25 | 10.1% | 50.2% | ||
| Q1 25 | 6.7% | 17.0% | ||
| Q4 24 | -18.7% | 37.8% | ||
| Q3 24 | -11.8% | 47.0% | ||
| Q2 24 | 3.3% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 2.3% | 15.7% | ||
| Q3 25 | 1.2% | 9.5% | ||
| Q2 25 | 0.9% | 9.5% | ||
| Q1 25 | 2.2% | 11.4% | ||
| Q4 24 | 2.4% | 11.4% | ||
| Q3 24 | 1.9% | 8.7% | ||
| Q2 24 | 3.2% | 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 | -1.79× | 4.85× | ||
| Q2 24 | — | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
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% |
