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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
FOX FACTORY HOLDING CORP is the larger business by last-quarter revenue ($376.4M vs $219.1M, roughly 1.7× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -0.2%, a 10.0% gap on every dollar of revenue. On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (4.8% vs 1.9%). Over the past eight quarters, FOX FACTORY HOLDING CORP's revenue compounded faster (6.4% CAGR vs 4.4%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
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...
FOXF vs IRDM — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $219.1M |
| Net Profit | $-634.0K | $21.6M |
| Gross Margin | 30.4% | — |
| Operating Margin | 4.0% | 23.2% |
| Net Margin | -0.2% | 9.9% |
| Revenue YoY | 4.8% | 1.9% |
| Net Profit YoY | -113.3% | — |
| EPS (diluted) | $-0.02 | — |
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 | $376.4M | $212.9M | ||
| Q3 25 | $374.9M | $226.9M | ||
| Q2 25 | $355.0M | $216.9M | ||
| Q1 25 | $352.8M | $214.9M | ||
| Q4 24 | — | $213.0M | ||
| Q3 24 | $359.1M | $212.8M | ||
| Q2 24 | $348.5M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-634.0K | $24.9M | ||
| Q3 25 | $2.7M | $37.1M | ||
| Q2 25 | $-259.7M | $22.0M | ||
| Q1 25 | $-141.0K | $30.4M | ||
| Q4 24 | — | $36.3M | ||
| Q3 24 | $4.8M | $24.4M | ||
| Q2 24 | $5.4M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 29.9% | — | ||
| Q2 24 | 31.8% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 4.0% | 25.9% | ||
| Q3 25 | 4.9% | 30.9% | ||
| Q2 25 | -70.6% | 23.2% | ||
| Q1 25 | 3.2% | 28.1% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | 5.2% | 25.8% | ||
| Q2 24 | 5.3% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -0.2% | 11.7% | ||
| Q3 25 | 0.7% | 16.4% | ||
| Q2 25 | -73.1% | 10.1% | ||
| Q1 25 | -0.0% | 14.2% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | 1.3% | 11.5% | ||
| Q2 24 | 1.6% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.02 | $0.24 | ||
| Q3 25 | $0.07 | $0.35 | ||
| Q2 25 | $-6.23 | $0.20 | ||
| Q1 25 | $0.00 | $0.27 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | $0.11 | $0.21 | ||
| Q2 24 | $0.13 | $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 | $536.7M | — |
| Stockholders' EquityBook value | $956.0M | — |
| Total Assets | $2.0B | — |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $96.5M | ||
| Q3 25 | — | $88.5M | ||
| Q2 25 | — | $79.3M | ||
| Q1 25 | $71.7M | $50.9M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | — | $159.6M | ||
| Q2 24 | — | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $536.7M | $1.8B | ||
| Q3 25 | $541.8M | — | ||
| Q2 25 | $546.9M | — | ||
| Q1 25 | $552.1M | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $558.4M | — | ||
| Q2 24 | $564.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | $956.0M | $462.6M | ||
| Q3 25 | $958.7M | $450.5M | ||
| Q2 25 | $939.9M | $473.6M | ||
| Q1 25 | $1.2B | $518.4M | ||
| Q4 24 | — | $576.6M | ||
| Q3 24 | $1.2B | $663.8M | ||
| Q2 24 | $1.2B | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $2.2B | $2.6B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $2.3B | $2.8B | ||
| Q2 24 | $2.3B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.56× | 3.80× | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.47× | — |
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 | $5.3M | — |
| Free Cash FlowOCF − Capex | $-2.5M | — |
| FCF MarginFCF / Revenue | -0.7% | — |
| Capex IntensityCapex / Revenue | 2.1% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.3M | $108.6M | ||
| Q3 25 | $36.8M | $100.8M | ||
| Q2 25 | $680.0K | $129.6M | ||
| Q1 25 | $81.7M | $61.1M | ||
| Q4 24 | — | $104.8M | ||
| Q3 24 | $14.1M | $118.6M | ||
| Q2 24 | $26.7M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.5M | $75.1M | ||
| Q3 25 | $24.6M | $79.2M | ||
| Q2 25 | $-6.5M | $108.9M | ||
| Q1 25 | $69.8M | $36.5M | ||
| Q4 24 | — | $80.5M | ||
| Q3 24 | $3.2M | $100.0M | ||
| Q2 24 | $15.4M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | -0.7% | 35.3% | ||
| Q3 25 | 6.6% | 34.9% | ||
| Q2 25 | -1.8% | 50.2% | ||
| Q1 25 | 19.8% | 17.0% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | 0.9% | 47.0% | ||
| Q2 24 | 4.4% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 2.1% | 15.7% | ||
| Q3 25 | 3.3% | 9.5% | ||
| Q2 25 | 2.0% | 9.5% | ||
| Q1 25 | 3.4% | 11.4% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | 3.0% | 8.7% | ||
| Q2 24 | 3.2% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | 13.41× | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | 2.94× | 4.85× | ||
| Q2 24 | 4.94× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
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% |
