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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $219.1M, roughly 1.8× Iridium Communications Inc.). Paylocity Holding Corp runs the higher net margin — 13.0% vs 9.9%, a 3.1% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs 2.7%).
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...
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
IRDM vs PCTY — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $387.0M |
| Net Profit | $21.6M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | 23.2% | 18.2% |
| Net Margin | 9.9% | 13.0% |
| Revenue YoY | 1.9% | 11.3% |
| Net Profit YoY | — | 34.0% |
| EPS (diluted) | — | $0.92 |
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 | $387.0M | ||
| Q3 25 | $226.9M | $378.9M | ||
| Q2 25 | $216.9M | $369.9M | ||
| Q1 25 | $214.9M | $421.1M | ||
| Q4 24 | $213.0M | $347.7M | ||
| Q3 24 | $212.8M | $333.1M | ||
| Q2 24 | $201.1M | $324.7M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $50.2M | ||
| Q3 25 | $37.1M | $48.0M | ||
| Q2 25 | $22.0M | $48.6M | ||
| Q1 25 | $30.4M | $91.5M | ||
| Q4 24 | $36.3M | $37.5M | ||
| Q3 24 | $24.4M | $49.6M | ||
| Q2 24 | $32.3M | $48.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 18.2% | ||
| Q3 25 | 30.9% | 19.6% | ||
| Q2 25 | 23.2% | 17.9% | ||
| Q1 25 | 28.1% | 30.2% | ||
| Q4 24 | 24.5% | 13.4% | ||
| Q3 24 | 25.8% | 19.3% | ||
| Q2 24 | 21.7% | 19.4% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 13.0% | ||
| Q3 25 | 16.4% | 12.7% | ||
| Q2 25 | 10.1% | 13.1% | ||
| Q1 25 | 14.2% | 21.7% | ||
| Q4 24 | 17.1% | 10.8% | ||
| Q3 24 | 11.5% | 14.9% | ||
| Q2 24 | 16.1% | 15.0% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.92 | ||
| Q3 25 | $0.35 | $0.86 | ||
| Q2 25 | $0.20 | $0.87 | ||
| Q1 25 | $0.27 | $1.61 | ||
| Q4 24 | $0.30 | $0.66 | ||
| Q3 24 | $0.21 | $0.88 | ||
| Q2 24 | $0.27 | $0.85 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | — | $1.1B |
| Total Assets | — | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $162.5M | ||
| Q3 25 | $88.5M | $165.2M | ||
| Q2 25 | $79.3M | $398.1M | ||
| Q1 25 | $50.9M | $477.8M | ||
| Q4 24 | $93.5M | $482.4M | ||
| Q3 24 | $159.6M | $778.5M | ||
| Q2 24 | $63.5M | $401.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | $1.8B | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $1.1B | ||
| Q3 25 | $450.5M | $1.1B | ||
| Q2 25 | $473.6M | $1.2B | ||
| Q1 25 | $518.4M | $1.2B | ||
| Q4 24 | $576.6M | $1.2B | ||
| Q3 24 | $663.8M | $1.1B | ||
| Q2 24 | $786.7M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $7.0B | ||
| Q3 25 | $2.6B | $4.2B | ||
| Q2 25 | $2.6B | $4.4B | ||
| Q1 25 | $2.6B | $5.2B | ||
| Q4 24 | $2.7B | $5.3B | ||
| Q3 24 | $2.8B | $4.0B | ||
| Q2 24 | $2.7B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 3.05× | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.00× |
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 | — | $117.0M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 29.4% |
| Capex IntensityCapex / Revenue | 13.7% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $117.0M | ||
| Q3 25 | $100.8M | $86.5M | ||
| Q2 25 | $129.6M | $86.6M | ||
| Q1 25 | $61.1M | $186.0M | ||
| Q4 24 | $104.8M | $54.2M | ||
| Q3 24 | $118.6M | $91.5M | ||
| Q2 24 | $81.1M | $79.9M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $113.6M | ||
| Q3 25 | $79.2M | $82.7M | ||
| Q2 25 | $108.9M | $81.1M | ||
| Q1 25 | $36.5M | $183.7M | ||
| Q4 24 | $80.5M | $51.2M | ||
| Q3 24 | $100.0M | $89.1M | ||
| Q2 24 | $68.7M | $73.6M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 29.4% | ||
| Q3 25 | 34.9% | 21.8% | ||
| Q2 25 | 50.2% | 21.9% | ||
| Q1 25 | 17.0% | 43.6% | ||
| Q4 24 | 37.8% | 14.7% | ||
| Q3 24 | 47.0% | 26.8% | ||
| Q2 24 | 34.2% | 22.7% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 0.9% | ||
| Q3 25 | 9.5% | 1.0% | ||
| Q2 25 | 9.5% | 1.5% | ||
| Q1 25 | 11.4% | 0.5% | ||
| Q4 24 | 11.4% | 0.9% | ||
| Q3 24 | 8.7% | 0.7% | ||
| Q2 24 | 6.2% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 2.33× | ||
| Q3 25 | 2.71× | 1.80× | ||
| Q2 25 | 5.90× | 1.78× | ||
| Q1 25 | 2.01× | 2.03× | ||
| Q4 24 | 2.88× | 1.45× | ||
| Q3 24 | 4.85× | 1.84× | ||
| Q2 24 | 2.51× | 1.64× |
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% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
