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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and MGIC INVESTMENT CORP (MTG). Click either name above to swap in a different company.
MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $219.1M, roughly 1.4× Iridium Communications Inc.). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 9.9%, a 45.8% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -3.0%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -1.4%).
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...
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
IRDM vs MTG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $297.1M |
| Net Profit | $21.6M | $165.3M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | — |
| Net Margin | 9.9% | 55.6% |
| Revenue YoY | 1.9% | -3.0% |
| Net Profit YoY | — | -10.9% |
| EPS (diluted) | — | $0.76 |
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 | $297.1M | ||
| Q4 25 | $212.9M | $298.7M | ||
| Q3 25 | $226.9M | $304.5M | ||
| Q2 25 | $216.9M | $304.2M | ||
| Q1 25 | $214.9M | $306.2M | ||
| Q4 24 | $213.0M | $301.4M | ||
| Q3 24 | $212.8M | $306.6M | ||
| Q2 24 | $201.1M | $305.3M |
| Q1 26 | $21.6M | $165.3M | ||
| Q4 25 | $24.9M | $169.3M | ||
| Q3 25 | $37.1M | $191.1M | ||
| Q2 25 | $22.0M | $192.5M | ||
| Q1 25 | $30.4M | $185.5M | ||
| Q4 24 | $36.3M | $184.7M | ||
| Q3 24 | $24.4M | $200.0M | ||
| Q2 24 | $32.3M | $204.2M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 71.2% | ||
| Q3 25 | 30.9% | 77.2% | ||
| Q2 25 | 23.2% | 80.9% | ||
| Q1 25 | 28.1% | 76.6% | ||
| Q4 24 | 24.5% | 77.9% | ||
| Q3 24 | 25.8% | 82.9% | ||
| Q2 24 | 21.7% | 85.1% |
| Q1 26 | 9.9% | 55.6% | ||
| Q4 25 | 11.7% | 56.7% | ||
| Q3 25 | 16.4% | 62.8% | ||
| Q2 25 | 10.1% | 63.3% | ||
| Q1 25 | 14.2% | 60.6% | ||
| Q4 24 | 17.1% | 61.3% | ||
| Q3 24 | 11.5% | 65.2% | ||
| Q2 24 | 16.1% | 66.9% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.24 | $0.75 | ||
| Q3 25 | $0.35 | $0.83 | ||
| Q2 25 | $0.20 | $0.81 | ||
| Q1 25 | $0.27 | $0.75 | ||
| Q4 24 | $0.30 | $0.71 | ||
| Q3 24 | $0.21 | $0.77 | ||
| Q2 24 | $0.27 | $0.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $235.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $5.0B |
| Total Assets | — | $6.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $235.1M | ||
| Q4 25 | $96.5M | $369.0M | ||
| Q3 25 | $88.5M | $266.9M | ||
| Q2 25 | $79.3M | $294.9M | ||
| Q1 25 | $50.9M | $207.0M | ||
| Q4 24 | $93.5M | $229.5M | ||
| Q3 24 | $159.6M | $288.6M | ||
| Q2 24 | $63.5M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $462.6M | $5.1B | ||
| Q3 25 | $450.5M | $5.2B | ||
| Q2 25 | $473.6M | $5.2B | ||
| Q1 25 | $518.4M | $5.1B | ||
| Q4 24 | $576.6M | $5.2B | ||
| Q3 24 | $663.8M | $5.3B | ||
| Q2 24 | $786.7M | $5.1B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | $2.5B | $6.6B | ||
| Q3 25 | $2.6B | $6.6B | ||
| Q2 25 | $2.6B | $6.5B | ||
| Q1 25 | $2.6B | $6.5B | ||
| Q4 24 | $2.7B | $6.5B | ||
| Q3 24 | $2.8B | $6.7B | ||
| Q2 24 | $2.7B | $6.5B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
MTG
Segment breakdown not available.
