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Side-by-side financial comparison of GOLAR LNG LTD (GLNG) 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 $122.5M, roughly 1.8× GOLAR LNG LTD). GOLAR LNG LTD runs the higher net margin — 25.7% vs 9.9%, a 15.8% gap on every dollar of revenue. On growth, GOLAR LNG LTD posted the faster year-over-year revenue change (89.1% vs 1.9%).

Golar LNG owns and operates marine LNG infrastructure. The company had developed Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Front End Engineering and Design (FEED) studies have now been completed for a larger newbuild FLNG solution. Golar is also collaborating with another industry leader to investigate solutions for the floating production of blue and green ammonia as well as carbon ...

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...

GLNG vs IRDM — Head-to-Head

Bigger by revenue
IRDM
IRDM
1.8× larger
IRDM
$219.1M
$122.5M
GLNG
Growing faster (revenue YoY)
GLNG
GLNG
+87.1% gap
GLNG
89.1%
1.9%
IRDM
Higher net margin
GLNG
GLNG
15.8% more per $
GLNG
25.7%
9.9%
IRDM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GLNG
GLNG
IRDM
IRDM
Revenue
$122.5M
$219.1M
Net Profit
$31.5M
$21.6M
Gross Margin
Operating Margin
39.4%
23.2%
Net Margin
25.7%
9.9%
Revenue YoY
89.1%
1.9%
Net Profit YoY
190.5%
-29.0%
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.

Revenue
GLNG
GLNG
IRDM
IRDM
Q1 26
$219.1M
Q4 25
$212.9M
Q3 25
$122.5M
$226.9M
Q2 25
$216.9M
Q1 25
$214.9M
Q4 24
$213.0M
Q3 24
$64.8M
$212.8M
Q2 24
$201.1M
Net Profit
GLNG
GLNG
IRDM
IRDM
Q1 26
$21.6M
Q4 25
$24.9M
Q3 25
$31.5M
$37.1M
Q2 25
$22.0M
Q1 25
$30.4M
Q4 24
$36.3M
Q3 24
$-34.8M
$24.4M
Q2 24
$32.3M
Operating Margin
GLNG
GLNG
IRDM
IRDM
Q1 26
23.2%
Q4 25
25.9%
Q3 25
39.4%
30.9%
Q2 25
23.2%
Q1 25
28.1%
Q4 24
24.5%
Q3 24
-43.7%
25.8%
Q2 24
21.7%
Net Margin
GLNG
GLNG
IRDM
IRDM
Q1 26
9.9%
Q4 25
11.7%
Q3 25
25.7%
16.4%
Q2 25
10.1%
Q1 25
14.2%
Q4 24
17.1%
Q3 24
-53.7%
11.5%
Q2 24
16.1%
EPS (diluted)
GLNG
GLNG
IRDM
IRDM
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
$0.27

Balance Sheet & Financial Strength

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

Metric
GLNG
GLNG
IRDM
IRDM
Cash + ST InvestmentsLiquidity on hand
$611.2M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$1.9B
Total Assets
$4.7B
Debt / EquityLower = less leverage
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLNG
GLNG
IRDM
IRDM
Q1 26
Q4 25
$96.5M
Q3 25
$611.2M
$88.5M
Q2 25
$79.3M
Q1 25
$50.9M
Q4 24
$93.5M
Q3 24
$732.1M
$159.6M
Q2 24
$63.5M
Total Debt
GLNG
GLNG
IRDM
IRDM
Q1 26
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
$1.4B
Q2 24
Stockholders' Equity
GLNG
GLNG
IRDM
IRDM
Q1 26
Q4 25
$462.6M
Q3 25
$1.9B
$450.5M
Q2 25
$473.6M
Q1 25
$518.4M
Q4 24
$576.6M
Q3 24
$2.0B
$663.8M
Q2 24
$786.7M
Total Assets
GLNG
GLNG
IRDM
IRDM
Q1 26
Q4 25
$2.5B
Q3 25
$4.7B
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.7B
Q3 24
$4.3B
$2.8B
Q2 24
$2.7B
Debt / Equity
GLNG
GLNG
IRDM
IRDM
Q1 26
Q4 25
3.80×
Q3 25
1.01×
Q2 25
Q1 25
Q4 24
3.05×
Q3 24
0.70×
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
GLNG
GLNG
IRDM
IRDM
Operating Cash FlowLast quarter
$149.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
13.7%
Cash ConversionOCF / Net Profit
4.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLNG
GLNG
IRDM
IRDM
Q1 26
Q4 25
$108.6M
Q3 25
$149.0M
$100.8M
Q2 25
$129.6M
Q1 25
$61.1M
Q4 24
$104.8M
Q3 24
$62.6M
$118.6M
Q2 24
$81.1M
Free Cash Flow
GLNG
GLNG
IRDM
IRDM
Q1 26
Q4 25
$75.1M
Q3 25
$79.2M
Q2 25
$108.9M
Q1 25
$36.5M
Q4 24
$80.5M
Q3 24
$100.0M
Q2 24
$68.7M
FCF Margin
GLNG
GLNG
IRDM
IRDM
Q1 26
Q4 25
35.3%
Q3 25
34.9%
Q2 25
50.2%
Q1 25
17.0%
Q4 24
37.8%
Q3 24
47.0%
Q2 24
34.2%
Capex Intensity
GLNG
GLNG
IRDM
IRDM
Q1 26
13.7%
Q4 25
15.7%
Q3 25
9.5%
Q2 25
9.5%
Q1 25
11.4%
Q4 24
11.4%
Q3 24
8.7%
Q2 24
6.2%
Cash Conversion
GLNG
GLNG
IRDM
IRDM
Q1 26
Q4 25
4.37×
Q3 25
4.73×
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

GLNG
GLNG

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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