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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and MONRO, INC. (MNRO). Click either name above to swap in a different company.
MONRO, INC. is the larger business by last-quarter revenue ($293.4M vs $219.1M, roughly 1.3× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 3.8%, a 6.1% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -4.0%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -2.7%).
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...
Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.
IRDM vs MNRO — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $293.4M |
| Net Profit | $21.6M | $11.1M |
| Gross Margin | — | 34.9% |
| Operating Margin | 23.2% | 6.3% |
| Net Margin | 9.9% | 3.8% |
| Revenue YoY | 1.9% | -4.0% |
| Net Profit YoY | — | 143.1% |
| EPS (diluted) | — | $0.35 |
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 | $293.4M | ||
| Q3 25 | $226.9M | $288.9M | ||
| Q2 25 | $216.9M | $301.0M | ||
| Q1 25 | $214.9M | $295.0M | ||
| Q4 24 | $213.0M | $305.8M | ||
| Q3 24 | $212.8M | $301.4M | ||
| Q2 24 | $201.1M | $293.2M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $11.1M | ||
| Q3 25 | $37.1M | $5.7M | ||
| Q2 25 | $22.0M | $-8.1M | ||
| Q1 25 | $30.4M | $-21.3M | ||
| Q4 24 | $36.3M | $4.6M | ||
| Q3 24 | $24.4M | $5.6M | ||
| Q2 24 | $32.3M | $5.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 34.9% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 33.0% | ||
| Q4 24 | — | 34.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 37.2% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 6.3% | ||
| Q3 25 | 30.9% | 4.4% | ||
| Q2 25 | 23.2% | -2.0% | ||
| Q1 25 | 28.1% | -8.1% | ||
| Q4 24 | 24.5% | 3.3% | ||
| Q3 24 | 25.8% | 4.4% | ||
| Q2 24 | 21.7% | 4.5% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 3.8% | ||
| Q3 25 | 16.4% | 2.0% | ||
| Q2 25 | 10.1% | -2.7% | ||
| Q1 25 | 14.2% | -7.2% | ||
| Q4 24 | 17.1% | 1.5% | ||
| Q3 24 | 11.5% | 1.9% | ||
| Q2 24 | 16.1% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.35 | ||
| Q3 25 | $0.35 | $0.18 | ||
| Q2 25 | $0.20 | $-0.28 | ||
| Q1 25 | $0.27 | $-0.74 | ||
| Q4 24 | $0.30 | $0.15 | ||
| Q3 24 | $0.21 | $0.18 | ||
| Q2 24 | $0.27 | $0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.9M |
| Total DebtLower is stronger | — | $45.0M |
| Stockholders' EquityBook value | — | $604.9M |
| Total Assets | — | $1.6B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $4.9M | ||
| Q3 25 | $88.5M | $10.5M | ||
| Q2 25 | $79.3M | $7.8M | ||
| Q1 25 | $50.9M | $20.8M | ||
| Q4 24 | $93.5M | $10.2M | ||
| Q3 24 | $159.6M | $20.9M | ||
| Q2 24 | $63.5M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $45.0M | ||
| Q3 25 | — | $60.0M | ||
| Q2 25 | — | $71.5M | ||
| Q1 25 | — | $61.3M | ||
| Q4 24 | $1.8B | $59.3M | ||
| Q3 24 | — | $62.0M | ||
| Q2 24 | — | $112.0M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $604.9M | ||
| Q3 25 | $450.5M | $601.7M | ||
| Q2 25 | $473.6M | $604.9M | ||
| Q1 25 | $518.4M | $620.8M | ||
| Q4 24 | $576.6M | $648.9M | ||
| Q3 24 | $663.8M | $651.9M | ||
| Q2 24 | $786.7M | $654.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.6B | $1.6B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.7B | $1.7B | ||
| Q3 24 | $2.8B | $1.7B | ||
| Q2 24 | $2.7B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.07× | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | 3.05× | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.17× |
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 | — | $17.8M |
| Free Cash FlowOCF − Capex | — | $9.1M |
| FCF MarginFCF / Revenue | — | 3.1% |
| Capex IntensityCapex / Revenue | 13.7% | 3.0% |
| Cash ConversionOCF / Net Profit | — | 1.60× |
| TTM Free Cash FlowTrailing 4 quarters | — | $49.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $17.8M | ||
| Q3 25 | $100.8M | $32.3M | ||
| Q2 25 | $129.6M | $-1.9M | ||
| Q1 25 | $61.1M | $28.9M | ||
| Q4 24 | $104.8M | $14.8M | ||
| Q3 24 | $118.6M | $62.6M | ||
| Q2 24 | $81.1M | $25.6M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $9.1M | ||
| Q3 25 | $79.2M | $26.6M | ||
| Q2 25 | $108.9M | $-9.3M | ||
| Q1 25 | $36.5M | $23.2M | ||
| Q4 24 | $80.5M | $7.9M | ||
| Q3 24 | $100.0M | $57.6M | ||
| Q2 24 | $68.7M | $16.8M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 3.1% | ||
| Q3 25 | 34.9% | 9.2% | ||
| Q2 25 | 50.2% | -3.1% | ||
| Q1 25 | 17.0% | 7.9% | ||
| Q4 24 | 37.8% | 2.6% | ||
| Q3 24 | 47.0% | 19.1% | ||
| Q2 24 | 34.2% | 5.7% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 3.0% | ||
| Q3 25 | 9.5% | 2.0% | ||
| Q2 25 | 9.5% | 2.5% | ||
| Q1 25 | 11.4% | 1.9% | ||
| Q4 24 | 11.4% | 2.2% | ||
| Q3 24 | 8.7% | 1.6% | ||
| Q2 24 | 6.2% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 1.60× | ||
| Q3 25 | 2.71× | 5.71× | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | 3.23× | ||
| Q3 24 | 4.85× | 11.08× | ||
| Q2 24 | 2.51× | 4.37× |
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% |
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
