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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and OIL STATES INTERNATIONAL, INC (OIS). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $178.5M, roughly 1.2× OIL STATES INTERNATIONAL, INC). Iridium Communications Inc. runs the higher net margin — 9.9% vs -65.7%, a 75.6% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% 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...
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
IRDM vs OIS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $178.5M |
| Net Profit | $21.6M | $-117.2M |
| Gross Margin | — | 10.9% |
| Operating Margin | 23.2% | -63.7% |
| Net Margin | 9.9% | -65.7% |
| Revenue YoY | 1.9% | 8.4% |
| Net Profit YoY | — | -873.2% |
| EPS (diluted) | — | $-1.99 |
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 | $178.5M | ||
| Q3 25 | $226.9M | $165.2M | ||
| Q2 25 | $216.9M | $165.4M | ||
| Q1 25 | $214.9M | $159.9M | ||
| Q4 24 | $213.0M | $164.6M | ||
| Q3 24 | $212.8M | $174.3M | ||
| Q2 24 | $201.1M | $186.4M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-117.2M | ||
| Q3 25 | $37.1M | $1.9M | ||
| Q2 25 | $22.0M | $2.8M | ||
| Q1 25 | $30.4M | $3.2M | ||
| Q4 24 | $36.3M | $15.2M | ||
| Q3 24 | $24.4M | $-14.3M | ||
| Q2 24 | $32.3M | $1.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 23.3% | ||
| Q4 24 | — | 23.7% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 23.8% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -63.7% | ||
| Q3 25 | 30.9% | 2.9% | ||
| Q2 25 | 23.2% | 3.2% | ||
| Q1 25 | 28.1% | 3.5% | ||
| Q4 24 | 24.5% | 11.2% | ||
| Q3 24 | 25.8% | -6.3% | ||
| Q2 24 | 21.7% | 1.1% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -65.7% | ||
| Q3 25 | 16.4% | 1.2% | ||
| Q2 25 | 10.1% | 1.7% | ||
| Q1 25 | 14.2% | 2.0% | ||
| Q4 24 | 17.1% | 9.2% | ||
| Q3 24 | 11.5% | -8.2% | ||
| Q2 24 | 16.1% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-1.99 | ||
| Q3 25 | $0.35 | $0.03 | ||
| Q2 25 | $0.20 | $0.05 | ||
| Q1 25 | $0.27 | $0.05 | ||
| Q4 24 | $0.30 | $0.24 | ||
| Q3 24 | $0.21 | $-0.23 | ||
| Q2 24 | $0.27 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $69.9M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | — | $573.2M |
| Total Assets | — | $883.4M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $69.9M | ||
| Q3 25 | $88.5M | $67.1M | ||
| Q2 25 | $79.3M | $53.9M | ||
| Q1 25 | $50.9M | $66.8M | ||
| Q4 24 | $93.5M | $65.4M | ||
| Q3 24 | $159.6M | $46.0M | ||
| Q2 24 | $63.5M | $25.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $1.7M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $124.7M | ||
| Q4 24 | $1.8B | $124.7M | ||
| Q3 24 | — | $124.6M | ||
| Q2 24 | — | $124.3M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $573.2M | ||
| Q3 25 | $450.5M | $689.0M | ||
| Q2 25 | $473.6M | $690.6M | ||
| Q1 25 | $518.4M | $683.4M | ||
| Q4 24 | $576.6M | $680.7M | ||
| Q3 24 | $663.8M | $684.8M | ||
| Q2 24 | $786.7M | $690.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $883.4M | ||
| Q3 25 | $2.6B | $1.0B | ||
| Q2 25 | $2.6B | $993.7M | ||
| Q1 25 | $2.6B | $990.7M | ||
| Q4 24 | $2.7B | $1.0B | ||
| Q3 24 | $2.8B | $994.1M | ||
| Q2 24 | $2.7B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | 3.05× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.18× |
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 | — | $50.1M |
| Free Cash FlowOCF − Capex | — | $47.1M |
| FCF MarginFCF / Revenue | — | 26.4% |
| Capex IntensityCapex / Revenue | 13.7% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $73.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $50.1M | ||
| Q3 25 | $100.8M | $30.7M | ||
| Q2 25 | $129.6M | $15.0M | ||
| Q1 25 | $61.1M | $9.3M | ||
| Q4 24 | $104.8M | $18.2M | ||
| Q3 24 | $118.6M | $28.8M | ||
| Q2 24 | $81.1M | $10.2M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $47.1M | ||
| Q3 25 | $79.2M | $22.0M | ||
| Q2 25 | $108.9M | $4.7M | ||
| Q1 25 | $36.5M | $137.0K | ||
| Q4 24 | $80.5M | $4.0M | ||
| Q3 24 | $100.0M | $21.4M | ||
| Q2 24 | $68.7M | $4.5M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 26.4% | ||
| Q3 25 | 34.9% | 13.3% | ||
| Q2 25 | 50.2% | 2.8% | ||
| Q1 25 | 17.0% | 0.1% | ||
| Q4 24 | 37.8% | 2.4% | ||
| Q3 24 | 47.0% | 12.3% | ||
| Q2 24 | 34.2% | 2.4% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 1.7% | ||
| Q3 25 | 9.5% | 5.3% | ||
| Q2 25 | 9.5% | 6.2% | ||
| Q1 25 | 11.4% | 5.7% | ||
| Q4 24 | 11.4% | 8.6% | ||
| Q3 24 | 8.7% | 4.3% | ||
| Q2 24 | 6.2% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | 16.15× | ||
| Q2 25 | 5.90× | 5.33× | ||
| Q1 25 | 2.01× | 2.94× | ||
| Q4 24 | 2.88× | 1.20× | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | 7.87× |
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% |
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
