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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Natural Grocers by Vitamin Cottage, Inc. is the larger business by last-quarter revenue ($335.6M vs $219.1M, roughly 1.5× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 3.4%, a 6.5% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs 1.6%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% 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...
Natural Grocers by Vitamin Cottage, Inc. is a U.S.-based specialty retail chain that offers certified organic groceries, dietary supplements, natural personal care items, and eco-friendly household products. It serves health-conscious consumers across multiple U.S. states, following strict quality standards that exclude artificial preservatives, colors, flavors and harmful additives.
IRDM vs NGVC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $335.6M |
| Net Profit | $21.6M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | 23.2% | 4.4% |
| Net Margin | 9.9% | 3.4% |
| Revenue YoY | 1.9% | 1.6% |
| Net Profit YoY | — | 14.0% |
| EPS (diluted) | — | $0.49 |
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 | $335.6M | ||
| Q3 25 | $226.9M | $336.1M | ||
| Q2 25 | $216.9M | $328.7M | ||
| Q1 25 | $214.9M | $335.8M | ||
| Q4 24 | $213.0M | $330.2M | ||
| Q3 24 | $212.8M | $322.7M | ||
| Q2 24 | $201.1M | $309.1M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $11.3M | ||
| Q3 25 | $37.1M | $11.8M | ||
| Q2 25 | $22.0M | $11.6M | ||
| Q1 25 | $30.4M | $13.1M | ||
| Q4 24 | $36.3M | $9.9M | ||
| Q3 24 | $24.4M | $9.0M | ||
| Q2 24 | $32.3M | $9.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 29.5% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | — | 29.9% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 29.2% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 4.4% | ||
| Q3 25 | 30.9% | 4.6% | ||
| Q2 25 | 23.2% | 4.7% | ||
| Q1 25 | 28.1% | 5.2% | ||
| Q4 24 | 24.5% | 4.0% | ||
| Q3 24 | 25.8% | 3.7% | ||
| Q2 24 | 21.7% | 4.2% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 3.4% | ||
| Q3 25 | 16.4% | 3.5% | ||
| Q2 25 | 10.1% | 3.5% | ||
| Q1 25 | 14.2% | 3.9% | ||
| Q4 24 | 17.1% | 3.0% | ||
| Q3 24 | 11.5% | 2.8% | ||
| Q2 24 | 16.1% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.49 | ||
| Q3 25 | $0.35 | $0.51 | ||
| Q2 25 | $0.20 | $0.50 | ||
| Q1 25 | $0.27 | $0.56 | ||
| Q4 24 | $0.30 | $0.43 | ||
| Q3 24 | $0.21 | $0.38 | ||
| Q2 24 | $0.27 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $220.0M |
| Total Assets | — | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $23.2M | ||
| Q3 25 | $88.5M | $17.1M | ||
| Q2 25 | $79.3M | $13.2M | ||
| Q1 25 | $50.9M | $21.2M | ||
| Q4 24 | $93.5M | $6.3M | ||
| Q3 24 | $159.6M | $8.9M | ||
| Q2 24 | $63.5M | $13.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $220.0M | ||
| Q3 25 | $450.5M | $212.4M | ||
| Q2 25 | $473.6M | $202.5M | ||
| Q1 25 | $518.4M | $193.0M | ||
| Q4 24 | $576.6M | $181.9M | ||
| Q3 24 | $663.8M | $174.3M | ||
| Q2 24 | $786.7M | $167.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $668.6M | ||
| Q3 25 | $2.6B | $670.5M | ||
| Q2 25 | $2.6B | $659.0M | ||
| Q1 25 | $2.6B | $664.6M | ||
| Q4 24 | $2.7B | $648.9M | ||
| Q3 24 | $2.8B | $655.5M | ||
| Q2 24 | $2.7B | $654.4M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $21.1M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | 13.7% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $21.1M | ||
| Q3 25 | $100.8M | $15.6M | ||
| Q2 25 | $129.6M | $2.9M | ||
| Q1 25 | $61.1M | $34.1M | ||
| Q4 24 | $104.8M | $2.7M | ||
| Q3 24 | $118.6M | $24.5M | ||
| Q2 24 | $81.1M | $12.4M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $11.6M | ||
| Q3 25 | $79.2M | $7.5M | ||
| Q2 25 | $108.9M | $-4.2M | ||
| Q1 25 | $36.5M | $27.6M | ||
| Q4 24 | $80.5M | $-6.9M | ||
| Q3 24 | $100.0M | $18.0M | ||
| Q2 24 | $68.7M | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 3.4% | ||
| Q3 25 | 34.9% | 2.2% | ||
| Q2 25 | 50.2% | -1.3% | ||
| Q1 25 | 17.0% | 8.2% | ||
| Q4 24 | 37.8% | -2.1% | ||
| Q3 24 | 47.0% | 5.6% | ||
| Q2 24 | 34.2% | 1.2% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 2.9% | ||
| Q3 25 | 9.5% | 2.4% | ||
| Q2 25 | 9.5% | 2.2% | ||
| Q1 25 | 11.4% | 1.9% | ||
| Q4 24 | 11.4% | 2.9% | ||
| Q3 24 | 8.7% | 2.0% | ||
| Q2 24 | 6.2% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 1.86× | ||
| Q3 25 | 2.71× | 1.32× | ||
| Q2 25 | 5.90× | 0.25× | ||
| Q1 25 | 2.01× | 2.60× | ||
| Q4 24 | 2.88× | 0.27× | ||
| Q3 24 | 4.85× | 2.72× | ||
| Q2 24 | 2.51× | 1.35× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
