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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) 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 $114.9M, roughly 1.9× DULUTH HOLDINGS INC.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -8.8%, a 18.7% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -9.6%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
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...
DLTH vs IRDM — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $219.1M |
| Net Profit | $-10.1M | $21.6M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | 23.2% |
| Net Margin | -8.8% | 9.9% |
| Revenue YoY | -9.6% | 1.9% |
| Net Profit YoY | 64.6% | — |
| EPS (diluted) | $-0.29 | — |
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 | $114.9M | $212.9M | ||
| Q3 25 | $131.7M | $226.9M | ||
| Q2 25 | $102.7M | $216.9M | ||
| Q1 25 | $241.3M | $214.9M | ||
| Q4 24 | $127.1M | $213.0M | ||
| Q3 24 | $141.6M | $212.8M | ||
| Q2 24 | $116.7M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-10.1M | $24.9M | ||
| Q3 25 | $1.3M | $37.1M | ||
| Q2 25 | $-15.3M | $22.0M | ||
| Q1 25 | $-5.6M | $30.4M | ||
| Q4 24 | $-28.2M | $36.3M | ||
| Q3 24 | $-2.0M | $24.4M | ||
| Q2 24 | $-7.9M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 53.8% | — | ||
| Q3 25 | 54.7% | — | ||
| Q2 25 | 52.0% | — | ||
| Q1 25 | 44.1% | — | ||
| Q4 24 | 52.3% | — | ||
| Q3 24 | 52.3% | — | ||
| Q2 24 | 52.8% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | -7.7% | 25.9% | ||
| Q3 25 | 1.8% | 30.9% | ||
| Q2 25 | -12.0% | 23.2% | ||
| Q1 25 | -1.8% | 28.1% | ||
| Q4 24 | -17.4% | 24.5% | ||
| Q3 24 | -1.1% | 25.8% | ||
| Q2 24 | -7.7% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -8.8% | 11.7% | ||
| Q3 25 | 1.0% | 16.4% | ||
| Q2 25 | -14.9% | 10.1% | ||
| Q1 25 | -2.3% | 14.2% | ||
| Q4 24 | -22.2% | 17.1% | ||
| Q3 24 | -1.4% | 11.5% | ||
| Q2 24 | -6.7% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.29 | $0.24 | ||
| Q3 25 | $0.04 | $0.35 | ||
| Q2 25 | $-0.45 | $0.20 | ||
| Q1 25 | $-0.17 | $0.27 | ||
| Q4 24 | $-0.84 | $0.30 | ||
| Q3 24 | $-0.06 | $0.21 | ||
| Q2 24 | $-0.24 | $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 | $8.2M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | — |
| Total Assets | $468.0M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.2M | $96.5M | ||
| Q3 25 | $5.7M | $88.5M | ||
| Q2 25 | $8.6M | $79.3M | ||
| Q1 25 | $3.3M | $50.9M | ||
| Q4 24 | $9.3M | $93.5M | ||
| Q3 24 | $9.8M | $159.6M | ||
| Q2 24 | $6.8M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $160.6M | $462.6M | ||
| Q3 25 | $170.0M | $450.5M | ||
| Q2 25 | $167.9M | $473.6M | ||
| Q1 25 | $182.7M | $518.4M | ||
| Q4 24 | $188.1M | $576.6M | ||
| Q3 24 | $215.7M | $663.8M | ||
| Q2 24 | $218.4M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $468.0M | $2.5B | ||
| Q3 25 | $433.8M | $2.6B | ||
| Q2 25 | $463.7M | $2.6B | ||
| Q1 25 | $452.4M | $2.6B | ||
| Q4 24 | $533.1M | $2.7B | ||
| Q3 24 | $488.6M | $2.8B | ||
| Q2 24 | $471.4M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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 | $-6.7M | — |
| Free Cash FlowOCF − Capex | $-8.9M | — |
| FCF MarginFCF / Revenue | -7.8% | — |
| Capex IntensityCapex / Revenue | 2.0% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-6.7M | $108.6M | ||
| Q3 25 | $32.0M | $100.8M | ||
| Q2 25 | $-56.5M | $129.6M | ||
| Q1 25 | $41.2M | $61.1M | ||
| Q4 24 | $-41.1M | $104.8M | ||
| Q3 24 | $16.6M | $118.6M | ||
| Q2 24 | $-33.7M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $75.1M | ||
| Q3 25 | $29.8M | $79.2M | ||
| Q2 25 | $-57.8M | $108.9M | ||
| Q1 25 | $38.7M | $36.5M | ||
| Q4 24 | $-43.7M | $80.5M | ||
| Q3 24 | $15.0M | $100.0M | ||
| Q2 24 | $-35.2M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | 35.3% | ||
| Q3 25 | 22.6% | 34.9% | ||
| Q2 25 | -56.3% | 50.2% | ||
| Q1 25 | 16.0% | 17.0% | ||
| Q4 24 | -34.4% | 37.8% | ||
| Q3 24 | 10.6% | 47.0% | ||
| Q2 24 | -30.2% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 2.0% | 15.7% | ||
| Q3 25 | 1.7% | 9.5% | ||
| Q2 25 | 1.3% | 9.5% | ||
| Q1 25 | 1.0% | 11.4% | ||
| Q4 24 | 2.1% | 11.4% | ||
| Q3 24 | 1.2% | 8.7% | ||
| Q2 24 | 1.3% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | 25.40× | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
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% |
