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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and NWPX Infrastructure, Inc. (NWPX). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $138.3M, roughly 1.6× NWPX Infrastructure, Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 7.6%, a 2.2% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs 3.3%).
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...
IRDM vs NWPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $138.3M |
| Net Profit | $21.6M | $10.5M |
| Gross Margin | — | 19.3% |
| Operating Margin | 23.2% | 9.2% |
| Net Margin | 9.9% | 7.6% |
| Revenue YoY | 1.9% | 19.1% |
| Net Profit YoY | — | 165.7% |
| EPS (diluted) | — | $1.08 |
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 | $138.3M | ||
| Q4 25 | $212.9M | $125.6M | ||
| Q3 25 | $226.9M | $151.1M | ||
| Q2 25 | $216.9M | $133.2M | ||
| Q1 25 | $214.9M | $116.1M | ||
| Q4 24 | $213.0M | $119.6M | ||
| Q3 24 | $212.8M | $130.2M | ||
| Q2 24 | $201.1M | $129.5M |
| Q1 26 | $21.6M | $10.5M | ||
| Q4 25 | $24.9M | $8.9M | ||
| Q3 25 | $37.1M | $13.5M | ||
| Q2 25 | $22.0M | $9.1M | ||
| Q1 25 | $30.4M | $4.0M | ||
| Q4 24 | $36.3M | $10.1M | ||
| Q3 24 | $24.4M | $10.3M | ||
| Q2 24 | $32.3M | $8.6M |
| Q1 26 | — | 19.3% | ||
| Q4 25 | — | 21.3% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 19.9% |
| Q1 26 | 23.2% | 9.2% | ||
| Q4 25 | 25.9% | 10.4% | ||
| Q3 25 | 30.9% | 12.6% | ||
| Q2 25 | 23.2% | 9.9% | ||
| Q1 25 | 28.1% | 4.8% | ||
| Q4 24 | 24.5% | 8.8% | ||
| Q3 24 | 25.8% | 11.9% | ||
| Q2 24 | 21.7% | 10.5% |
| Q1 26 | 9.9% | 7.6% | ||
| Q4 25 | 11.7% | 7.1% | ||
| Q3 25 | 16.4% | 8.9% | ||
| Q2 25 | 10.1% | 6.8% | ||
| Q1 25 | 14.2% | 3.4% | ||
| Q4 24 | 17.1% | 8.4% | ||
| Q3 24 | 11.5% | 7.9% | ||
| Q2 24 | 16.1% | 6.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.24 | $0.88 | ||
| Q3 25 | $0.35 | $1.38 | ||
| Q2 25 | $0.20 | $0.91 | ||
| Q1 25 | $0.27 | $0.39 | ||
| Q4 24 | $0.30 | $1.00 | ||
| Q3 24 | $0.21 | $1.02 | ||
| Q2 24 | $0.27 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $14.3M |
| Total DebtLower is stronger | — | $10.7M |
| Stockholders' EquityBook value | — | $403.7M |
| Total Assets | — | $634.1M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $96.5M | $2.3M | ||
| Q3 25 | $88.5M | $2.7M | ||
| Q2 25 | $79.3M | $2.0M | ||
| Q1 25 | $50.9M | $5.3M | ||
| Q4 24 | $93.5M | $5.0M | ||
| Q3 24 | $159.6M | $5.7M | ||
| Q2 24 | $63.5M | $4.5M |
| Q1 26 | — | $10.7M | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $403.7M | ||
| Q4 25 | $462.6M | $394.8M | ||
| Q3 25 | $450.5M | $386.4M | ||
| Q2 25 | $473.6M | $379.5M | ||
| Q1 25 | $518.4M | $378.5M | ||
| Q4 24 | $576.6M | $374.0M | ||
| Q3 24 | $663.8M | $362.4M | ||
| Q2 24 | $786.7M | $351.2M |
| Q1 26 | — | $634.1M | ||
| Q4 25 | $2.5B | $579.6M | ||
| Q3 25 | $2.6B | $605.2M | ||
| Q2 25 | $2.6B | $592.6M | ||
| Q1 25 | $2.6B | $582.2M | ||
| Q4 24 | $2.7B | $589.7M | ||
| Q3 24 | $2.8B | $617.2M | ||
| Q2 24 | $2.7B | $631.7M |
| Q1 26 | — | 0.03× | ||
| 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 | — | $29.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 13.7% | — |
| Cash ConversionOCF / Net Profit | — | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.3M | ||
| Q4 25 | $108.6M | $36.0M | ||
| Q3 25 | $100.8M | $21.0M | ||
| Q2 25 | $129.6M | $5.4M | ||
| Q1 25 | $61.1M | $4.8M | ||
| Q4 24 | $104.8M | $36.1M | ||
| Q3 24 | $118.6M | $22.7M | ||
| Q2 24 | $81.1M | $22.3M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $30.8M | ||
| Q3 25 | $79.2M | $13.2M | ||
| Q2 25 | $108.9M | $1.9M | ||
| Q1 25 | $36.5M | $1.2M | ||
| Q4 24 | $80.5M | $31.9M | ||
| Q3 24 | $100.0M | $16.8M | ||
| Q2 24 | $68.7M | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 24.5% | ||
| Q3 25 | 34.9% | 8.7% | ||
| Q2 25 | 50.2% | 1.4% | ||
| Q1 25 | 17.0% | 1.0% | ||
| Q4 24 | 37.8% | 26.7% | ||
| Q3 24 | 47.0% | 12.9% | ||
| Q2 24 | 34.2% | 12.5% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 4.1% | ||
| Q3 25 | 9.5% | 5.2% | ||
| Q2 25 | 9.5% | 2.6% | ||
| Q1 25 | 11.4% | 3.2% | ||
| Q4 24 | 11.4% | 3.5% | ||
| Q3 24 | 8.7% | 4.6% | ||
| Q2 24 | 6.2% | 4.7% |
| Q1 26 | — | 2.78× | ||
| Q4 25 | 4.37× | 4.06× | ||
| Q3 25 | 2.71× | 1.55× | ||
| Q2 25 | 5.90× | 0.60× | ||
| Q1 25 | 2.01× | 1.22× | ||
| Q4 24 | 2.88× | 3.58× | ||
| Q3 24 | 4.85× | 2.22× | ||
| Q2 24 | 2.51× | 2.58× |
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% |
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
