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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $142.2M, roughly 1.5× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 9.9%, a 15.4% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -14.5%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -5.3%).
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...
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
IRDM vs OLED — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $142.2M |
| Net Profit | $21.6M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | 23.2% | 30.1% |
| Net Margin | 9.9% | 25.2% |
| Revenue YoY | 1.9% | -14.5% |
| Net Profit YoY | — | -44.3% |
| EPS (diluted) | — | $0.76 |
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 | $142.2M | ||
| Q4 25 | $212.9M | $172.9M | ||
| Q3 25 | $226.9M | $139.6M | ||
| Q2 25 | $216.9M | $171.8M | ||
| Q1 25 | $214.9M | $166.3M | ||
| Q4 24 | $213.0M | $162.3M | ||
| Q3 24 | $212.8M | $161.6M | ||
| Q2 24 | $201.1M | $158.5M |
| Q1 26 | $21.6M | $35.9M | ||
| Q4 25 | $24.9M | $66.3M | ||
| Q3 25 | $37.1M | $44.0M | ||
| Q2 25 | $22.0M | $67.3M | ||
| Q1 25 | $30.4M | $64.4M | ||
| Q4 24 | $36.3M | $46.0M | ||
| Q3 24 | $24.4M | $66.9M | ||
| Q2 24 | $32.3M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | — | 76.1% | ||
| Q3 25 | — | 74.6% | ||
| Q2 25 | — | 77.2% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 75.8% |
| Q1 26 | 23.2% | 30.1% | ||
| Q4 25 | 25.9% | 38.9% | ||
| Q3 25 | 30.9% | 30.9% | ||
| Q2 25 | 23.2% | 39.9% | ||
| Q1 25 | 28.1% | 41.9% | ||
| Q4 24 | 24.5% | 32.3% | ||
| Q3 24 | 25.8% | 41.5% | ||
| Q2 24 | 21.7% | 35.6% |
| Q1 26 | 9.9% | 25.2% | ||
| Q4 25 | 11.7% | 38.4% | ||
| Q3 25 | 16.4% | 31.5% | ||
| Q2 25 | 10.1% | 39.2% | ||
| Q1 25 | 14.2% | 38.8% | ||
| Q4 24 | 17.1% | 28.4% | ||
| Q3 24 | 11.5% | 41.4% | ||
| Q2 24 | 16.1% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.24 | $1.40 | ||
| Q3 25 | $0.35 | $0.92 | ||
| Q2 25 | $0.20 | $1.41 | ||
| Q1 25 | $0.27 | $1.35 | ||
| Q4 24 | $0.30 | $0.96 | ||
| Q3 24 | $0.21 | $1.40 | ||
| Q2 24 | $0.27 | $1.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $96.5M | $602.4M | ||
| Q3 25 | $88.5M | $603.0M | ||
| Q2 25 | $79.3M | $525.2M | ||
| Q1 25 | $50.9M | $571.3M | ||
| Q4 24 | $93.5M | $492.7M | ||
| Q3 24 | $159.6M | $551.6M | ||
| Q2 24 | $63.5M | $530.5M |
| 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 | $1.8B | ||
| Q3 25 | $450.5M | $1.7B | ||
| Q2 25 | $473.6M | $1.7B | ||
| Q1 25 | $518.4M | $1.7B | ||
| Q4 24 | $576.6M | $1.6B | ||
| Q3 24 | $663.8M | $1.6B | ||
| Q2 24 | $786.7M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.5B | $2.0B | ||
| Q3 25 | $2.6B | $1.9B | ||
| Q2 25 | $2.6B | $1.9B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.7B | $1.8B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.7B | $1.8B |
| 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 | — | $108.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 13.7% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $108.6M | $31.1M | ||
| Q3 25 | $100.8M | $97.2M | ||
| Q2 25 | $129.6M | $51.9M | ||
| Q1 25 | $61.1M | $30.6M | ||
| Q4 24 | $104.8M | $34.7M | ||
| Q3 24 | $118.6M | $79.9M | ||
| Q2 24 | $81.1M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $15.1M | ||
| Q3 25 | $79.2M | $84.3M | ||
| Q2 25 | $108.9M | $37.5M | ||
| Q1 25 | $36.5M | $17.5M | ||
| Q4 24 | $80.5M | $22.0M | ||
| Q3 24 | $100.0M | $66.2M | ||
| Q2 24 | $68.7M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 8.7% | ||
| Q3 25 | 34.9% | 60.4% | ||
| Q2 25 | 50.2% | 21.8% | ||
| Q1 25 | 17.0% | 10.5% | ||
| Q4 24 | 37.8% | 13.6% | ||
| Q3 24 | 47.0% | 41.0% | ||
| Q2 24 | 34.2% | 36.5% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 9.3% | ||
| Q3 25 | 9.5% | 9.2% | ||
| Q2 25 | 9.5% | 8.4% | ||
| Q1 25 | 11.4% | 7.9% | ||
| Q4 24 | 11.4% | 7.8% | ||
| Q3 24 | 8.7% | 8.4% | ||
| Q2 24 | 6.2% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 4.37× | 0.47× | ||
| Q3 25 | 2.71× | 2.21× | ||
| Q2 25 | 5.90× | 0.77× | ||
| Q1 25 | 2.01× | 0.47× | ||
| Q4 24 | 2.88× | 0.75× | ||
| Q3 24 | 4.85× | 1.19× | ||
| Q2 24 | 2.51× | 1.28× |
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% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
