vs

Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Nutex Health, Inc. (NUTX). Click either name above to swap in a different company.

Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $151.7M, roughly 1.4× Nutex Health, Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 7.8%, a 2.1% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -41.1%). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% 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...

Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.

IRDM vs NUTX — Head-to-Head

Bigger by revenue
IRDM
IRDM
1.4× larger
IRDM
$219.1M
$151.7M
NUTX
Growing faster (revenue YoY)
IRDM
IRDM
+43.1% gap
IRDM
1.9%
-41.1%
NUTX
Higher net margin
IRDM
IRDM
2.1% more per $
IRDM
9.9%
7.8%
NUTX
Faster 2-yr revenue CAGR
NUTX
NUTX
Annualised
NUTX
50.0%
4.4%
IRDM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRDM
IRDM
NUTX
NUTX
Revenue
$219.1M
$151.7M
Net Profit
$21.6M
$11.8M
Gross Margin
30.4%
Operating Margin
23.2%
20.4%
Net Margin
9.9%
7.8%
Revenue YoY
1.9%
-41.1%
Net Profit YoY
-80.8%
EPS (diluted)
$2.34

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.

Revenue
IRDM
IRDM
NUTX
NUTX
Q1 26
$219.1M
Q4 25
$212.9M
$151.7M
Q3 25
$226.9M
$267.8M
Q2 25
$216.9M
$244.0M
Q1 25
$214.9M
$211.8M
Q4 24
$213.0M
$257.6M
Q3 24
$212.8M
$78.8M
Q2 24
$201.1M
$76.1M
Net Profit
IRDM
IRDM
NUTX
NUTX
Q1 26
$21.6M
Q4 25
$24.9M
$11.8M
Q3 25
$37.1M
$55.4M
Q2 25
$22.0M
$-17.7M
Q1 25
$30.4M
$21.2M
Q4 24
$36.3M
$61.6M
Q3 24
$24.4M
$-8.8M
Q2 24
$32.3M
$-364.0K
Gross Margin
IRDM
IRDM
NUTX
NUTX
Q1 26
Q4 25
30.4%
Q3 25
57.8%
Q2 25
51.2%
Q1 25
55.9%
Q4 24
55.0%
Q3 24
27.8%
Q2 24
29.7%
Operating Margin
IRDM
IRDM
NUTX
NUTX
Q1 26
23.2%
Q4 25
25.9%
20.4%
Q3 25
30.9%
48.7%
Q2 25
23.2%
13.8%
Q1 25
28.1%
38.1%
Q4 24
24.5%
44.4%
Q3 24
25.8%
12.3%
Q2 24
21.7%
7.0%
Net Margin
IRDM
IRDM
NUTX
NUTX
Q1 26
9.9%
Q4 25
11.7%
7.8%
Q3 25
16.4%
20.7%
Q2 25
10.1%
-7.3%
Q1 25
14.2%
10.0%
Q4 24
17.1%
23.9%
Q3 24
11.5%
-11.2%
Q2 24
16.1%
-0.5%
EPS (diluted)
IRDM
IRDM
NUTX
NUTX
Q1 26
Q4 25
$0.24
$2.34
Q3 25
$0.35
$7.76
Q2 25
$0.20
$-2.95
Q1 25
$0.27
$3.33
Q4 24
$0.30
$11.56
Q3 24
$0.21
$-1.72
Q2 24
$0.27
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IRDM
IRDM
NUTX
NUTX
Cash + ST InvestmentsLiquidity on hand
$185.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$329.4M
Total Assets
$918.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRDM
IRDM
NUTX
NUTX
Q1 26
Q4 25
$96.5M
$185.6M
Q3 25
$88.5M
$166.0M
Q2 25
$79.3M
$96.7M
Q1 25
$50.9M
$84.7M
Q4 24
$93.5M
$40.6M
Q3 24
$159.6M
$46.9M
Q2 24
$63.5M
$40.8M
Total Debt
IRDM
IRDM
NUTX
NUTX
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Stockholders' Equity
IRDM
IRDM
NUTX
NUTX
Q1 26
Q4 25
$462.6M
$329.4M
Q3 25
$450.5M
$317.2M
Q2 25
$473.6M
$235.3M
Q1 25
$518.4M
$176.9M
Q4 24
$576.6M
$132.4M
Q3 24
$663.8M
$60.4M
Q2 24
$786.7M
$62.7M
Total Assets
IRDM
IRDM
NUTX
NUTX
Q1 26
Q4 25
$2.5B
$918.5M
Q3 25
$2.6B
$964.5M
Q2 25
$2.6B
$841.0M
Q1 25
$2.6B
$761.9M
Q4 24
$2.7B
$655.3M
Q3 24
$2.8B
$438.5M
Q2 24
$2.7B
$422.4M
Debt / Equity
IRDM
IRDM
NUTX
NUTX
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
IRDM
IRDM
NUTX
NUTX
Operating Cash FlowLast quarter
$70.4M
Free Cash FlowOCF − Capex
$69.0M
FCF MarginFCF / Revenue
45.5%
Capex IntensityCapex / Revenue
13.7%
0.9%
Cash ConversionOCF / Net Profit
5.95×
TTM Free Cash FlowTrailing 4 quarters
$245.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRDM
IRDM
NUTX
NUTX
Q1 26
Q4 25
$108.6M
$70.4M
Q3 25
$100.8M
$99.5M
Q2 25
$129.6M
$27.3M
Q1 25
$61.1M
$51.0M
Q4 24
$104.8M
$54.0K
Q3 24
$118.6M
$6.8M
Q2 24
$81.1M
$13.3M
Free Cash Flow
IRDM
IRDM
NUTX
NUTX
Q1 26
Q4 25
$75.1M
$69.0M
Q3 25
$79.2M
$99.2M
Q2 25
$108.9M
$26.5M
Q1 25
$36.5M
$50.9M
Q4 24
$80.5M
$-341.0K
Q3 24
$100.0M
$6.2M
Q2 24
$68.7M
$12.7M
FCF Margin
IRDM
IRDM
NUTX
NUTX
Q1 26
Q4 25
35.3%
45.5%
Q3 25
34.9%
37.0%
Q2 25
50.2%
10.9%
Q1 25
17.0%
24.0%
Q4 24
37.8%
-0.1%
Q3 24
47.0%
7.8%
Q2 24
34.2%
16.7%
Capex Intensity
IRDM
IRDM
NUTX
NUTX
Q1 26
13.7%
Q4 25
15.7%
0.9%
Q3 25
9.5%
0.1%
Q2 25
9.5%
0.3%
Q1 25
11.4%
0.0%
Q4 24
11.4%
0.2%
Q3 24
8.7%
0.8%
Q2 24
6.2%
0.7%
Cash Conversion
IRDM
IRDM
NUTX
NUTX
Q1 26
Q4 25
4.37×
5.95×
Q3 25
2.71×
1.80×
Q2 25
5.90×
Q1 25
2.01×
2.40×
Q4 24
2.88×
0.00×
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
IRDM

Voice and data$57.4M26%
IoT data (2)$46.0M21%
Government$39.5M18%
Government service revenue (5)$27.6M13%
Subscriber equipment$20.2M9%
Hosted payload and other data service (4)$14.8M7%
Broadband (3)$12.2M6%
Commercial$1.3M1%

NUTX
NUTX

Hospital Division$143.7M95%
Population Health Management Division$8.0M5%

Related Comparisons