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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and PAMT CORP (PAMT). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $141.3M, roughly 1.6× PAMT CORP). Iridium Communications Inc. runs the higher net margin — 9.9% vs -20.7%, a 30.6% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -15.1%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -12.0%).
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 PAMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $141.3M |
| Net Profit | $21.6M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | -27.0% |
| Net Margin | 9.9% | -20.7% |
| Revenue YoY | 1.9% | -15.1% |
| Net Profit YoY | — | 7.4% |
| EPS (diluted) | — | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $226.9M | $150.3M | ||
| Q2 25 | $216.9M | $151.1M | ||
| Q1 25 | $214.9M | $155.3M | ||
| Q4 24 | $213.0M | $166.5M | ||
| Q3 24 | $212.8M | $182.6M | ||
| Q2 24 | $201.1M | $182.9M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-29.3M | ||
| Q3 25 | $37.1M | $-5.6M | ||
| Q2 25 | $22.0M | $-9.6M | ||
| Q1 25 | $30.4M | $-8.1M | ||
| Q4 24 | $36.3M | $-31.6M | ||
| Q3 24 | $24.4M | $2.4M | ||
| Q2 24 | $32.3M | $-2.9M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -27.0% | ||
| Q3 25 | 30.9% | -3.8% | ||
| Q2 25 | 23.2% | -7.3% | ||
| Q1 25 | 28.1% | -5.9% | ||
| Q4 24 | 24.5% | -22.6% | ||
| Q3 24 | 25.8% | 1.3% | ||
| Q2 24 | 21.7% | -0.4% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -20.7% | ||
| Q3 25 | 16.4% | -3.7% | ||
| Q2 25 | 10.1% | -6.4% | ||
| Q1 25 | 14.2% | -5.2% | ||
| Q4 24 | 17.1% | -19.0% | ||
| Q3 24 | 11.5% | 1.3% | ||
| Q2 24 | 16.1% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-1.38 | ||
| Q3 25 | $0.35 | $-0.27 | ||
| Q2 25 | $0.20 | $-0.46 | ||
| Q1 25 | $0.27 | $-0.37 | ||
| Q4 24 | $0.30 | $-1.44 | ||
| Q3 24 | $0.21 | $0.11 | ||
| Q2 24 | $0.27 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | — | $210.5M |
| Total Assets | — | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $83.7M | ||
| Q3 25 | $88.5M | $115.6M | ||
| Q2 25 | $79.3M | $117.3M | ||
| Q1 25 | $50.9M | $102.7M | ||
| Q4 24 | $93.5M | $110.7M | ||
| Q3 24 | $159.6M | $92.3M | ||
| Q2 24 | $63.5M | $114.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $210.5M | ||
| Q3 25 | $450.5M | $239.5M | ||
| Q2 25 | $473.6M | $244.9M | ||
| Q1 25 | $518.4M | $269.6M | ||
| Q4 24 | $576.6M | $277.5M | ||
| Q3 24 | $663.8M | $308.9M | ||
| Q2 24 | $786.7M | $306.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $697.9M | ||
| Q3 25 | $2.6B | $715.2M | ||
| Q2 25 | $2.6B | $707.9M | ||
| Q1 25 | $2.6B | $712.6M | ||
| Q4 24 | $2.7B | $741.7M | ||
| Q3 24 | $2.8B | $756.7M | ||
| Q2 24 | $2.7B | $733.5M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | 1.17× | ||
| 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 | — | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-25.0M |
| FCF MarginFCF / Revenue | — | -17.7% |
| Capex IntensityCapex / Revenue | 13.7% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-5.8M | ||
| Q3 25 | $100.8M | $5.9M | ||
| Q2 25 | $129.6M | $12.2M | ||
| Q1 25 | $61.1M | $5.0M | ||
| Q4 24 | $104.8M | $15.2M | ||
| Q3 24 | $118.6M | $15.5M | ||
| Q2 24 | $81.1M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-25.0M | ||
| Q3 25 | $79.2M | $2.5M | ||
| Q2 25 | $108.9M | $5.9M | ||
| Q1 25 | $36.5M | $-6.8M | ||
| Q4 24 | $80.5M | $-39.9M | ||
| Q3 24 | $100.0M | $-33.6M | ||
| Q2 24 | $68.7M | $4.1M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -17.7% | ||
| Q3 25 | 34.9% | 1.7% | ||
| Q2 25 | 50.2% | 3.9% | ||
| Q1 25 | 17.0% | -4.4% | ||
| Q4 24 | 37.8% | -24.0% | ||
| Q3 24 | 47.0% | -18.4% | ||
| Q2 24 | 34.2% | 2.2% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 13.6% | ||
| Q3 25 | 9.5% | 2.3% | ||
| Q2 25 | 9.5% | 4.2% | ||
| Q1 25 | 11.4% | 7.6% | ||
| Q4 24 | 11.4% | 33.1% | ||
| Q3 24 | 8.7% | 26.9% | ||
| Q2 24 | 6.2% | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | — | ||
| Q3 24 | 4.85× | 6.44× | ||
| Q2 24 | 2.51× | — |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
