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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Magnolia Oil & Gas Corp (MGY). Click either name above to swap in a different company.
Magnolia Oil & Gas Corp is the larger business by last-quarter revenue ($317.6M vs $219.1M, roughly 1.4× Iridium Communications Inc.). Magnolia Oil & Gas Corp runs the higher net margin — 21.6% vs 9.9%, a 11.8% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -2.7%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -0.3%).
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...
Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-largest integrated oil company that is also occasionally known as Imperial Esso. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations.
IRDM vs MGY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $317.6M |
| Net Profit | $21.6M | $68.8M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | 29.6% |
| Net Margin | 9.9% | 21.6% |
| Revenue YoY | 1.9% | -2.7% |
| Net Profit YoY | — | -19.7% |
| 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.
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | $317.6M | ||
| Q3 25 | $226.9M | $324.9M | ||
| Q2 25 | $216.9M | $319.0M | ||
| Q1 25 | $214.9M | $350.3M | ||
| Q4 24 | $213.0M | $326.6M | ||
| Q3 24 | $212.8M | $333.1M | ||
| Q2 24 | $201.1M | $336.7M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $68.8M | ||
| Q3 25 | $37.1M | $75.5M | ||
| Q2 25 | $22.0M | $78.1M | ||
| Q1 25 | $30.4M | $102.9M | ||
| Q4 24 | $36.3M | $85.6M | ||
| Q3 24 | $24.4M | $99.8M | ||
| Q2 24 | $32.3M | $95.6M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 29.6% | ||
| Q3 25 | 30.9% | 31.2% | ||
| Q2 25 | 23.2% | 33.8% | ||
| Q1 25 | 28.1% | 38.8% | ||
| Q4 24 | 24.5% | 38.0% | ||
| Q3 24 | 25.8% | 38.7% | ||
| Q2 24 | 21.7% | 39.9% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 21.6% | ||
| Q3 25 | 16.4% | 23.2% | ||
| Q2 25 | 10.1% | 24.5% | ||
| Q1 25 | 14.2% | 29.4% | ||
| Q4 24 | 17.1% | 26.2% | ||
| Q3 24 | 11.5% | 30.0% | ||
| Q2 24 | 16.1% | 28.4% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $266.8M |
| Total DebtLower is stronger | — | $393.3M |
| Stockholders' EquityBook value | — | $2.0B |
| Total Assets | — | $2.9B |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $266.8M | ||
| Q3 25 | $88.5M | $280.5M | ||
| Q2 25 | $79.3M | $251.8M | ||
| Q1 25 | $50.9M | $247.6M | ||
| Q4 24 | $93.5M | $260.0M | ||
| Q3 24 | $159.6M | $276.1M | ||
| Q2 24 | $63.5M | $275.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $393.3M | ||
| Q3 25 | — | $393.1M | ||
| Q2 25 | — | $392.9M | ||
| Q1 25 | — | $392.7M | ||
| Q4 24 | $1.8B | $392.5M | ||
| Q3 24 | — | $394.8M | ||
| Q2 24 | — | $394.1M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $2.0B | ||
| Q3 25 | $450.5M | $2.0B | ||
| Q2 25 | $473.6M | $2.0B | ||
| Q1 25 | $518.4M | $2.0B | ||
| Q4 24 | $576.6M | $2.0B | ||
| Q3 24 | $663.8M | $2.0B | ||
| Q2 24 | $786.7M | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $2.6B | $2.9B | ||
| Q2 25 | $2.6B | $2.9B | ||
| Q1 25 | $2.6B | $2.9B | ||
| Q4 24 | $2.7B | $2.8B | ||
| Q3 24 | $2.8B | $2.8B | ||
| Q2 24 | $2.7B | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.20× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 3.05× | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.21× |
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 | — | $208.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 13.7% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $208.4M | ||
| Q3 25 | $100.8M | $247.1M | ||
| Q2 25 | $129.6M | $198.7M | ||
| Q1 25 | $61.1M | $224.5M | ||
| Q4 24 | $104.8M | $222.6M | ||
| Q3 24 | $118.6M | $217.9M | ||
| Q2 24 | $81.1M | $269.4M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 3.03× | ||
| Q3 25 | 2.71× | 3.27× | ||
| Q2 25 | 5.90× | 2.54× | ||
| Q1 25 | 2.01× | 2.18× | ||
| Q4 24 | 2.88× | 2.60× | ||
| Q3 24 | 4.85× | 2.18× | ||
| Q2 24 | 2.51× | 2.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
MGY
| Oil And Condensate | $215.6M | 68% |
| Natural Gas Reserves | $52.9M | 17% |
| Natural Gas Liquids Reserves | $49.1M | 15% |
