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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($425.9M vs $219.1M, roughly 1.9× Iridium Communications Inc.). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 9.9%, a 25.8% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 4.4%).
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...
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
IRDM vs NFG — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $425.9M |
| Net Profit | $21.6M | $152.0M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | 81.5% |
| Net Margin | 9.9% | 35.7% |
| Revenue YoY | 1.9% | 1.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $1.59 |
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 | $425.9M | ||
| Q4 25 | $212.9M | $637.9M | ||
| Q3 25 | $226.9M | $443.1M | ||
| Q2 25 | $216.9M | $527.4M | ||
| Q1 25 | $214.9M | $734.8M | ||
| Q4 24 | $213.0M | $513.8M | ||
| Q3 24 | $212.8M | $310.0M | ||
| Q2 24 | $201.1M | $338.6M |
| Q1 26 | $21.6M | $152.0M | ||
| Q4 25 | $24.9M | $181.6M | ||
| Q3 25 | $37.1M | $107.3M | ||
| Q2 25 | $22.0M | $149.8M | ||
| Q1 25 | $30.4M | $216.4M | ||
| Q4 24 | $36.3M | $45.0M | ||
| Q3 24 | $24.4M | $-167.6M | ||
| Q2 24 | $32.3M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.5% |
| Q1 26 | 23.2% | 81.5% | ||
| Q4 25 | 25.9% | 43.3% | ||
| Q3 25 | 30.9% | 40.6% | ||
| Q2 25 | 23.2% | 43.7% | ||
| Q1 25 | 28.1% | 43.2% | ||
| Q4 24 | 24.5% | 16.8% | ||
| Q3 24 | 25.8% | -63.4% | ||
| Q2 24 | 21.7% | -15.2% |
| Q1 26 | 9.9% | 35.7% | ||
| Q4 25 | 11.7% | 28.5% | ||
| Q3 25 | 16.4% | 24.2% | ||
| Q2 25 | 10.1% | 28.4% | ||
| Q1 25 | 14.2% | 29.4% | ||
| Q4 24 | 17.1% | 8.8% | ||
| Q3 24 | 11.5% | -54.1% | ||
| Q2 24 | 16.1% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.24 | $1.98 | ||
| Q3 25 | $0.35 | $1.18 | ||
| Q2 25 | $0.20 | $1.64 | ||
| Q1 25 | $0.27 | $2.37 | ||
| Q4 24 | $0.30 | $0.49 | ||
| Q3 24 | $0.21 | $-1.81 | ||
| Q2 24 | $0.27 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $271.4M | ||
| Q3 25 | $88.5M | $43.2M | ||
| Q2 25 | $79.3M | $39.3M | ||
| Q1 25 | $50.9M | $40.0M | ||
| Q4 24 | $93.5M | $48.7M | ||
| Q3 24 | $159.6M | $38.2M | ||
| Q2 24 | $63.5M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $3.6B | ||
| Q3 25 | $450.5M | $3.1B | ||
| Q2 25 | $473.6M | $3.0B | ||
| Q1 25 | $518.4M | $2.8B | ||
| Q4 24 | $576.6M | $-76.2M | ||
| Q3 24 | $663.8M | $-15.5M | ||
| Q2 24 | $786.7M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.5B | $9.2B | ||
| Q3 25 | $2.6B | $8.7B | ||
| Q2 25 | $2.6B | $8.4B | ||
| Q1 25 | $2.6B | $8.5B | ||
| Q4 24 | $2.7B | $8.3B | ||
| Q3 24 | $2.8B | $8.3B | ||
| Q2 24 | $2.7B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× |
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 | — | $657.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 13.7% | 117.0% |
| Cash ConversionOCF / Net Profit | — | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $108.6M | $274.9M | ||
| Q3 25 | $100.8M | $237.8M | ||
| Q2 25 | $129.6M | $388.4M | ||
| Q1 25 | $61.1M | $253.8M | ||
| Q4 24 | $104.8M | $220.1M | ||
| Q3 24 | $118.6M | $197.9M | ||
| Q2 24 | $81.1M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-2.7M | ||
| Q3 25 | $79.2M | $-47.8M | ||
| Q2 25 | $108.9M | $195.3M | ||
| Q1 25 | $36.5M | $59.9M | ||
| Q4 24 | $80.5M | $-20.3M | ||
| Q3 24 | $100.0M | $-49.1M | ||
| Q2 24 | $68.7M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -0.4% | ||
| Q3 25 | 34.9% | -10.8% | ||
| Q2 25 | 50.2% | 37.0% | ||
| Q1 25 | 17.0% | 8.2% | ||
| Q4 24 | 37.8% | -4.0% | ||
| Q3 24 | 47.0% | -15.8% | ||
| Q2 24 | 34.2% | 23.5% |
| Q1 26 | 13.7% | 117.0% | ||
| Q4 25 | 15.7% | 43.5% | ||
| Q3 25 | 9.5% | 64.4% | ||
| Q2 25 | 9.5% | 36.6% | ||
| Q1 25 | 11.4% | 26.4% | ||
| Q4 24 | 11.4% | 46.8% | ||
| Q3 24 | 8.7% | 79.7% | ||
| Q2 24 | 6.2% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 4.37× | 1.51× | ||
| Q3 25 | 2.71× | 2.21× | ||
| Q2 25 | 5.90× | 2.59× | ||
| Q1 25 | 2.01× | 1.17× | ||
| Q4 24 | 2.88× | 4.89× | ||
| 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
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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
