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Side-by-side financial comparison of FLEXSTEEL INDUSTRIES INC (FLXS) 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 $115.1M, roughly 1.9× FLEXSTEEL INDUSTRIES INC). FLEXSTEEL INDUSTRIES INC runs the higher net margin — 17.7% vs 9.9%, a 7.9% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -64.7%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs 1.9%).

Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.

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...

FLXS vs IRDM — Head-to-Head

Bigger by revenue
IRDM
IRDM
1.9× larger
IRDM
$219.1M
$115.1M
FLXS
Growing faster (revenue YoY)
IRDM
IRDM
+66.7% gap
IRDM
1.9%
-64.7%
FLXS
Higher net margin
FLXS
FLXS
7.9% more per $
FLXS
17.7%
9.9%
IRDM
Faster 2-yr revenue CAGR
IRDM
IRDM
Annualised
IRDM
4.4%
1.9%
FLXS

Income Statement — Q1 FY2027 vs Q1 FY2026

Metric
FLXS
FLXS
IRDM
IRDM
Revenue
$115.1M
$219.1M
Net Profit
$20.4M
$21.6M
Gross Margin
22.6%
Operating Margin
23.2%
Net Margin
17.7%
9.9%
Revenue YoY
-64.7%
1.9%
Net Profit YoY
116.0%
-29.0%
EPS (diluted)
$1.14

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.

Revenue
FLXS
FLXS
IRDM
IRDM
Q3 26
$115.1M
Q1 26
$219.1M
Q4 25
$118.2M
$212.9M
Q3 25
$110.4M
$226.9M
Q2 25
$114.6M
$216.9M
Q1 25
$114.0M
$214.9M
Q4 24
$108.5M
$213.0M
Q3 24
$104.0M
$212.8M
Net Profit
FLXS
FLXS
IRDM
IRDM
Q3 26
$20.4M
Q1 26
$21.6M
Q4 25
$6.6M
$24.9M
Q3 25
$7.3M
$37.1M
Q2 25
$10.7M
$22.0M
Q1 25
$-3.7M
$30.4M
Q4 24
$9.1M
$36.3M
Q3 24
$4.1M
$24.4M
Gross Margin
FLXS
FLXS
IRDM
IRDM
Q3 26
22.6%
Q1 26
Q4 25
22.7%
Q3 25
23.5%
Q2 25
23.9%
Q1 25
22.2%
Q4 24
21.0%
Q3 24
21.5%
Operating Margin
FLXS
FLXS
IRDM
IRDM
Q3 26
Q1 26
23.2%
Q4 25
7.6%
25.9%
Q3 25
8.1%
30.9%
Q2 25
12.2%
23.2%
Q1 25
-4.4%
28.1%
Q4 24
10.7%
24.5%
Q3 24
5.8%
25.8%
Net Margin
FLXS
FLXS
IRDM
IRDM
Q3 26
17.7%
Q1 26
9.9%
Q4 25
5.6%
11.7%
Q3 25
6.6%
16.4%
Q2 25
9.3%
10.1%
Q1 25
-3.3%
14.2%
Q4 24
8.3%
17.1%
Q3 24
4.0%
11.5%
EPS (diluted)
FLXS
FLXS
IRDM
IRDM
Q3 26
$1.14
Q1 26
Q4 25
$1.18
$0.24
Q3 25
$1.31
$0.35
Q2 25
$1.90
$0.20
Q1 25
$-0.71
$0.27
Q4 24
$1.62
$0.30
Q3 24
$0.74
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLXS
FLXS
IRDM
IRDM
Cash + ST InvestmentsLiquidity on hand
$57.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$185.3M
Total Assets
$290.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLXS
FLXS
IRDM
IRDM
Q3 26
$57.3M
Q1 26
Q4 25
$36.8M
$96.5M
Q3 25
$38.6M
$88.5M
Q2 25
$40.0M
$79.3M
Q1 25
$22.6M
$50.9M
Q4 24
$11.8M
$93.5M
Q3 24
$5.7M
$159.6M
Total Debt
FLXS
FLXS
IRDM
IRDM
Q3 26
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Stockholders' Equity
FLXS
FLXS
IRDM
IRDM
Q3 26
$185.3M
Q1 26
Q4 25
$178.9M
$462.6M
Q3 25
$172.2M
$450.5M
Q2 25
$167.9M
$473.6M
Q1 25
$158.1M
$518.4M
Q4 24
$161.9M
$576.6M
Q3 24
$154.7M
$663.8M
Total Assets
FLXS
FLXS
IRDM
IRDM
Q3 26
$290.2M
Q1 26
Q4 25
$290.2M
$2.5B
Q3 25
$281.5M
$2.6B
Q2 25
$282.5M
$2.6B
Q1 25
$266.1M
$2.6B
Q4 24
$271.5M
$2.7B
Q3 24
$268.7M
$2.8B
Debt / Equity
FLXS
FLXS
IRDM
IRDM
Q3 26
Q1 26
Q4 25
3.80×
Q3 25
Q2 25
Q1 25
Q4 24
3.05×
Q3 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLXS
FLXS
IRDM
IRDM
Operating Cash FlowLast quarter
$27.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
13.7%
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLXS
FLXS
IRDM
IRDM
Q3 26
$27.2M
Q1 26
Q4 25
$1.0M
$108.6M
Q3 25
$4.1M
$100.8M
Q2 25
$15.6M
$129.6M
Q1 25
$12.3M
$61.1M
Q4 24
$6.7M
$104.8M
Q3 24
$2.4M
$118.6M
Free Cash Flow
FLXS
FLXS
IRDM
IRDM
Q3 26
Q1 26
Q4 25
$-735.0K
$75.1M
Q3 25
$2.8M
$79.2M
Q2 25
$15.1M
$108.9M
Q1 25
$10.9M
$36.5M
Q4 24
$5.8M
$80.5M
Q3 24
$2.0M
$100.0M
FCF Margin
FLXS
FLXS
IRDM
IRDM
Q3 26
Q1 26
Q4 25
-0.6%
35.3%
Q3 25
2.5%
34.9%
Q2 25
13.1%
50.2%
Q1 25
9.6%
17.0%
Q4 24
5.3%
37.8%
Q3 24
1.9%
47.0%
Capex Intensity
FLXS
FLXS
IRDM
IRDM
Q3 26
Q1 26
13.7%
Q4 25
1.5%
15.7%
Q3 25
1.2%
9.5%
Q2 25
0.5%
9.5%
Q1 25
1.2%
11.4%
Q4 24
0.8%
11.4%
Q3 24
0.4%
8.7%
Cash Conversion
FLXS
FLXS
IRDM
IRDM
Q3 26
1.33×
Q1 26
Q4 25
0.15×
4.37×
Q3 25
0.56×
2.71×
Q2 25
1.46×
5.90×
Q1 25
2.01×
Q4 24
0.74×
2.88×
Q3 24
0.58×
4.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLXS
FLXS

Segment breakdown not available.

IRDM
IRDM

Voice and data$57.4M26%
IoT data (2)$43.9M20%
Government$35.8M16%
Government service revenue (5)$26.8M12%
Subscriber equipment$23.1M11%
Hosted payload and other data service (4)$14.9M7%
Broadband (3)$12.9M6%
Commercial$1.6M1%

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