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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) 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 $179.4M, roughly 1.2× HEARTLAND EXPRESS INC). Iridium Communications Inc. runs the higher net margin — 9.9% vs -10.8%, a 20.7% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -26.1%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -18.5%).
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
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...
HTLD vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $219.1M |
| Net Profit | $-19.4M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | 23.2% |
| Net Margin | -10.8% | 9.9% |
| Revenue YoY | -26.1% | 1.9% |
| Net Profit YoY | -949.2% | — |
| EPS (diluted) | $-0.24 | — |
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 | $179.4M | $212.9M | ||
| Q3 25 | $196.5M | $226.9M | ||
| Q2 25 | $210.4M | $216.9M | ||
| Q1 25 | $219.4M | $214.9M | ||
| Q4 24 | $242.6M | $213.0M | ||
| Q3 24 | $259.9M | $212.8M | ||
| Q2 24 | $274.8M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-19.4M | $24.9M | ||
| Q3 25 | $-8.3M | $37.1M | ||
| Q2 25 | $-10.9M | $22.0M | ||
| Q1 25 | $-13.9M | $30.4M | ||
| Q4 24 | $-1.9M | $36.3M | ||
| Q3 24 | $-9.3M | $24.4M | ||
| Q2 24 | $-3.5M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | -12.7% | 25.9% | ||
| Q3 25 | -3.7% | 30.9% | ||
| Q2 25 | -5.9% | 23.2% | ||
| Q1 25 | -6.8% | 28.1% | ||
| Q4 24 | 0.4% | 24.5% | ||
| Q3 24 | -2.7% | 25.8% | ||
| Q2 24 | 0.1% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -10.8% | 11.7% | ||
| Q3 25 | -4.2% | 16.4% | ||
| Q2 25 | -5.2% | 10.1% | ||
| Q1 25 | -6.3% | 14.2% | ||
| Q4 24 | -0.8% | 17.1% | ||
| Q3 24 | -3.6% | 11.5% | ||
| Q2 24 | -1.3% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.24 | $0.24 | ||
| Q3 25 | $-0.11 | $0.35 | ||
| Q2 25 | $-0.14 | $0.20 | ||
| Q1 25 | $-0.18 | $0.27 | ||
| Q4 24 | $-0.03 | $0.30 | ||
| Q3 24 | $-0.12 | $0.21 | ||
| Q2 24 | $-0.04 | $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 | $18.5M | — |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | — |
| Total Assets | $1.2B | — |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $18.5M | $96.5M | ||
| Q3 25 | $32.7M | $88.5M | ||
| Q2 25 | $22.9M | $79.3M | ||
| Q1 25 | $23.9M | $50.9M | ||
| Q4 24 | $12.8M | $93.5M | ||
| Q3 24 | $30.7M | $159.6M | ||
| Q2 24 | $23.9M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $154.1M | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $755.3M | $462.6M | ||
| Q3 25 | $775.6M | $450.5M | ||
| Q2 25 | $786.7M | $473.6M | ||
| Q1 25 | $807.7M | $518.4M | ||
| Q4 24 | $822.6M | $576.6M | ||
| Q3 24 | $825.7M | $663.8M | ||
| Q2 24 | $836.8M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.4B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.23× | 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 | $14.9M | — |
| Free Cash FlowOCF − Capex | $-44.2M | — |
| FCF MarginFCF / Revenue | -24.6% | — |
| Capex IntensityCapex / Revenue | 33.0% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $14.9M | $108.6M | ||
| Q3 25 | $27.5M | $100.8M | ||
| Q2 25 | $21.0M | $129.6M | ||
| Q1 25 | $25.8M | $61.1M | ||
| Q4 24 | $37.8M | $104.8M | ||
| Q3 24 | $35.6M | $118.6M | ||
| Q2 24 | $40.0M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-44.2M | $75.1M | ||
| Q3 25 | $-12.2M | $79.2M | ||
| Q2 25 | $-12.8M | $108.9M | ||
| Q1 25 | $2.3M | $36.5M | ||
| Q4 24 | $-45.5M | $80.5M | ||
| Q3 24 | $24.6M | $100.0M | ||
| Q2 24 | $29.4M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | -24.6% | 35.3% | ||
| Q3 25 | -6.2% | 34.9% | ||
| Q2 25 | -6.1% | 50.2% | ||
| Q1 25 | 1.0% | 17.0% | ||
| Q4 24 | -18.8% | 37.8% | ||
| Q3 24 | 9.5% | 47.0% | ||
| Q2 24 | 10.7% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 33.0% | 15.7% | ||
| Q3 25 | 20.2% | 9.5% | ||
| Q2 25 | 16.1% | 9.5% | ||
| Q1 25 | 10.7% | 11.4% | ||
| Q4 24 | 34.3% | 11.4% | ||
| Q3 24 | 4.2% | 8.7% | ||
| Q2 24 | 3.8% | 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 | — | 4.85× | ||
| Q2 24 | — | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
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% |
