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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.

Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $219.1M, roughly 2.0× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 6.9%, a 3.0% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -9.3%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -6.7%).

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...

Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.

IRDM vs KOP — Head-to-Head

Bigger by revenue
KOP
KOP
2.0× larger
KOP
$432.7M
$219.1M
IRDM
Growing faster (revenue YoY)
IRDM
IRDM
+11.2% gap
IRDM
1.9%
-9.3%
KOP
Higher net margin
IRDM
IRDM
3.0% more per $
IRDM
9.9%
6.9%
KOP
Faster 2-yr revenue CAGR
IRDM
IRDM
Annualised
IRDM
4.4%
-6.7%
KOP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRDM
IRDM
KOP
KOP
Revenue
$219.1M
$432.7M
Net Profit
$21.6M
$29.7M
Gross Margin
25.6%
Operating Margin
23.2%
11.5%
Net Margin
9.9%
6.9%
Revenue YoY
1.9%
-9.3%
Net Profit YoY
-29.0%
391.2%
EPS (diluted)
$1.44

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
IRDM
IRDM
KOP
KOP
Q1 26
$219.1M
Q4 25
$212.9M
$432.7M
Q3 25
$226.9M
$485.3M
Q2 25
$216.9M
$504.8M
Q1 25
$214.9M
$456.5M
Q4 24
$213.0M
$477.0M
Q3 24
$212.8M
$554.3M
Q2 24
$201.1M
$563.2M
Net Profit
IRDM
IRDM
KOP
KOP
Q1 26
$21.6M
Q4 25
$24.9M
$29.7M
Q3 25
$37.1M
$23.8M
Q2 25
$22.0M
$16.4M
Q1 25
$30.4M
$-13.9M
Q4 24
$36.3M
$-10.2M
Q3 24
$24.4M
$22.8M
Q2 24
$32.3M
$26.8M
Gross Margin
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
25.6%
Q3 25
24.1%
Q2 25
22.6%
Q1 25
23.2%
Q4 24
17.5%
Q3 24
21.9%
Q2 24
21.6%
Operating Margin
IRDM
IRDM
KOP
KOP
Q1 26
23.2%
Q4 25
25.9%
11.5%
Q3 25
30.9%
10.7%
Q2 25
23.2%
7.7%
Q1 25
28.1%
5.9%
Q4 24
24.5%
1.3%
Q3 24
25.8%
9.0%
Q2 24
21.7%
10.2%
Net Margin
IRDM
IRDM
KOP
KOP
Q1 26
9.9%
Q4 25
11.7%
6.9%
Q3 25
16.4%
4.9%
Q2 25
10.1%
3.2%
Q1 25
14.2%
-3.0%
Q4 24
17.1%
-2.1%
Q3 24
11.5%
4.1%
Q2 24
16.1%
4.8%
EPS (diluted)
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
$0.24
$1.44
Q3 25
$0.35
$1.17
Q2 25
$0.20
$0.81
Q1 25
$0.27
$-0.68
Q4 24
$0.30
$-0.47
Q3 24
$0.21
$1.09
Q2 24
$0.27
$1.25

Balance Sheet & Financial Strength

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

Metric
IRDM
IRDM
KOP
KOP
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$928.3M
Stockholders' EquityBook value
$574.0M
Total Assets
$1.9B
Debt / EquityLower = less leverage
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
$96.5M
Q3 25
$88.5M
Q2 25
$79.3M
Q1 25
$50.9M
Q4 24
$93.5M
Q3 24
$159.6M
Q2 24
$63.5M
Total Debt
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
$1.8B
$928.3M
Q3 25
$932.9M
Q2 25
$977.5M
Q1 25
$989.0M
Q4 24
$1.8B
$939.5M
Q3 24
$989.4M
Q2 24
$1.0B
Stockholders' Equity
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
$462.6M
$574.0M
Q3 25
$450.5M
$545.6M
Q2 25
$473.6M
$526.8M
Q1 25
$518.4M
$498.0M
Q4 24
$576.6M
$488.7M
Q3 24
$663.8M
$532.3M
Q2 24
$786.7M
$509.2M
Total Assets
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
$2.5B
$1.9B
Q3 25
$2.6B
$1.9B
Q2 25
$2.6B
$1.9B
Q1 25
$2.6B
$1.9B
Q4 24
$2.7B
$1.9B
Q3 24
$2.8B
$2.0B
Q2 24
$2.7B
$1.9B
Debt / Equity
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
3.80×
1.62×
Q3 25
1.71×
Q2 25
1.86×
Q1 25
1.99×
Q4 24
3.05×
1.92×
Q3 24
1.86×
Q2 24
1.97×

Cash Flow & Capital Efficiency

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

Metric
IRDM
IRDM
KOP
KOP
Operating Cash FlowLast quarter
$45.1M
Free Cash FlowOCF − Capex
$28.5M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
13.7%
3.8%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$67.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
$108.6M
$45.1M
Q3 25
$100.8M
$49.6M
Q2 25
$129.6M
$50.5M
Q1 25
$61.1M
$-22.7M
Q4 24
$104.8M
$74.7M
Q3 24
$118.6M
$29.8M
Q2 24
$81.1M
$27.2M
Free Cash Flow
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
$75.1M
$28.5M
Q3 25
$79.2M
$37.6M
Q2 25
$108.9M
$38.4M
Q1 25
$36.5M
$-37.0M
Q4 24
$80.5M
$56.1M
Q3 24
$100.0M
$14.4M
Q2 24
$68.7M
$10.1M
FCF Margin
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
35.3%
6.6%
Q3 25
34.9%
7.7%
Q2 25
50.2%
7.6%
Q1 25
17.0%
-8.1%
Q4 24
37.8%
11.8%
Q3 24
47.0%
2.6%
Q2 24
34.2%
1.8%
Capex Intensity
IRDM
IRDM
KOP
KOP
Q1 26
13.7%
Q4 25
15.7%
3.8%
Q3 25
9.5%
2.5%
Q2 25
9.5%
2.4%
Q1 25
11.4%
3.1%
Q4 24
11.4%
3.9%
Q3 24
8.7%
2.8%
Q2 24
6.2%
3.0%
Cash Conversion
IRDM
IRDM
KOP
KOP
Q1 26
Q4 25
4.37×
1.52×
Q3 25
2.71×
2.08×
Q2 25
5.90×
3.08×
Q1 25
2.01×
Q4 24
2.88×
Q3 24
4.85×
1.31×
Q2 24
2.51×
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

KOP
KOP

Other$127.8M30%
Railroad Treated Products$119.0M28%
Utility Poles$79.8M18%
Pitch And Related Products$74.1M17%
Carbon Black Feedstock And Distillates$14.4M3%
Railroad Infrastructure Products And Services$9.9M2%
Phthalic Anhydride Naphthalene And Other Chemicals$7.7M2%

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