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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Pebblebrook Hotel Trust (PEB). Click either name above to swap in a different company.

Pebblebrook Hotel Trust is the larger business by last-quarter revenue ($345.7M vs $219.1M, roughly 1.6× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -5.3%, a 15.2% gap on every dollar of revenue. On growth, Pebblebrook Hotel Trust posted the faster year-over-year revenue change (7.9% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -6.7%).

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...

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) that owns, manages, and invests in upscale, luxury, and boutique hotel properties primarily across major urban and leisure destinations in the United States. Its portfolio caters to both business and leisure travelers, focusing on high-demand markets to deliver long-term value for stakeholders.

IRDM vs PEB — Head-to-Head

Bigger by revenue
PEB
PEB
1.6× larger
PEB
$345.7M
$219.1M
IRDM
Growing faster (revenue YoY)
PEB
PEB
+6.0% gap
PEB
7.9%
1.9%
IRDM
Higher net margin
IRDM
IRDM
15.2% more per $
IRDM
9.9%
-5.3%
PEB
Faster 2-yr revenue CAGR
IRDM
IRDM
Annualised
IRDM
4.4%
-6.7%
PEB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IRDM
IRDM
PEB
PEB
Revenue
$219.1M
$345.7M
Net Profit
$21.6M
$-18.4M
Gross Margin
Operating Margin
23.2%
2.3%
Net Margin
9.9%
-5.3%
Revenue YoY
1.9%
7.9%
Net Profit YoY
31.8%
EPS (diluted)
$-0.26

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.

Revenue
IRDM
IRDM
PEB
PEB
Q1 26
$219.1M
$345.7M
Q4 25
$212.9M
$349.0M
Q3 25
$226.9M
$398.7M
Q2 25
$216.9M
$407.5M
Q1 25
$214.9M
$320.3M
Q4 24
$213.0M
$337.6M
Q3 24
$212.8M
$404.5M
Q2 24
$201.1M
$397.1M
Net Profit
IRDM
IRDM
PEB
PEB
Q1 26
$21.6M
$-18.4M
Q4 25
$24.9M
$-17.9M
Q3 25
$37.1M
$-33.1M
Q2 25
$22.0M
$18.1M
Q1 25
$30.4M
$-32.9M
Q4 24
$36.3M
$-50.5M
Q3 24
$24.4M
$43.7M
Q2 24
$32.3M
$30.9M
Operating Margin
IRDM
IRDM
PEB
PEB
Q1 26
23.2%
2.3%
Q4 25
25.9%
2.5%
Q3 25
30.9%
-2.6%
Q2 25
23.2%
12.9%
Q1 25
28.1%
-2.3%
Q4 24
24.5%
-6.7%
Q3 24
25.8%
11.6%
Q2 24
21.7%
15.4%
Net Margin
IRDM
IRDM
PEB
PEB
Q1 26
9.9%
-5.3%
Q4 25
11.7%
-5.1%
Q3 25
16.4%
-8.3%
Q2 25
10.1%
4.4%
Q1 25
14.2%
-10.3%
Q4 24
17.1%
-15.0%
Q3 24
11.5%
10.8%
Q2 24
16.1%
7.8%
EPS (diluted)
IRDM
IRDM
PEB
PEB
Q1 26
$-0.26
Q4 25
$0.24
$-0.22
Q3 25
$0.35
$-0.37
Q2 25
$0.20
$0.06
Q1 25
$0.27
$-0.37
Q4 24
$0.30
$-0.47
Q3 24
$0.21
$0.24
Q2 24
$0.27
$0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IRDM
IRDM
PEB
PEB
Cash + ST InvestmentsLiquidity on hand
$196.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.4B
Total Assets
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRDM
IRDM
PEB
PEB
Q1 26
$196.2M
Q4 25
$96.5M
$184.2M
Q3 25
$88.5M
$223.2M
Q2 25
$79.3M
$256.1M
Q1 25
$50.9M
$208.1M
Q4 24
$93.5M
$206.7M
Q3 24
$159.6M
$134.0M
Q2 24
$63.5M
$101.7M
Total Debt
IRDM
IRDM
PEB
PEB
Q1 26
Q4 25
$1.8B
$2.1B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$1.8B
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
IRDM
IRDM
PEB
PEB
Q1 26
$2.4B
Q4 25
$462.6M
$2.5B
Q3 25
$450.5M
$2.5B
Q2 25
$473.6M
$2.6B
Q1 25
$518.4M
$2.6B
Q4 24
$576.6M
$2.7B
Q3 24
$663.8M
$2.8B
Q2 24
$786.7M
$2.7B
Total Assets
IRDM
IRDM
PEB
PEB
Q1 26
$5.3B
Q4 25
$2.5B
$5.3B
Q3 25
$2.6B
$5.6B
Q2 25
$2.6B
$5.7B
Q1 25
$2.6B
$5.7B
Q4 24
$2.7B
$5.7B
Q3 24
$2.8B
$5.7B
Q2 24
$2.7B
$5.7B
Debt / Equity
IRDM
IRDM
PEB
PEB
Q1 26
Q4 25
3.80×
0.86×
Q3 25
0.89×
Q2 25
0.85×
Q1 25
0.85×
Q4 24
3.05×
0.83×
Q3 24
0.80×
Q2 24
0.80×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IRDM
IRDM
PEB
PEB
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$114.5M
FCF MarginFCF / Revenue
33.1%
Capex IntensityCapex / Revenue
13.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRDM
IRDM
PEB
PEB
Q1 26
Q4 25
$108.6M
$249.7M
Q3 25
$100.8M
$77.6M
Q2 25
$129.6M
$90.5M
Q1 25
$61.1M
$50.3M
Q4 24
$104.8M
$275.0M
Q3 24
$118.6M
$76.1M
Q2 24
$81.1M
$83.7M
Free Cash Flow
IRDM
IRDM
PEB
PEB
Q1 26
$114.5M
Q4 25
$75.1M
$152.3M
Q3 25
$79.2M
$6.8M
Q2 25
$108.9M
Q1 25
$36.5M
Q4 24
$80.5M
$146.3M
Q3 24
$100.0M
$-24.8M
Q2 24
$68.7M
FCF Margin
IRDM
IRDM
PEB
PEB
Q1 26
33.1%
Q4 25
35.3%
43.6%
Q3 25
34.9%
1.7%
Q2 25
50.2%
Q1 25
17.0%
Q4 24
37.8%
43.3%
Q3 24
47.0%
-6.1%
Q2 24
34.2%
Capex Intensity
IRDM
IRDM
PEB
PEB
Q1 26
13.7%
Q4 25
15.7%
27.9%
Q3 25
9.5%
17.7%
Q2 25
9.5%
Q1 25
11.4%
Q4 24
11.4%
38.1%
Q3 24
8.7%
24.9%
Q2 24
6.2%
Cash Conversion
IRDM
IRDM
PEB
PEB
Q1 26
Q4 25
4.37×
Q3 25
2.71×
Q2 25
5.90×
5.01×
Q1 25
2.01×
Q4 24
2.88×
Q3 24
4.85×
1.74×
Q2 24
2.51×
2.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IRDM
IRDM

Voice and data$57.4M26%
IoT data (2)$46.0M21%
Government$39.5M18%
Government service revenue (5)$27.6M13%
Subscriber equipment$20.2M9%
Hosted payload and other data service (4)$14.8M7%
Broadband (3)$12.2M6%
Commercial$1.3M1%

PEB
PEB

Room$214.5M62%
Food and beverage$91.1M26%
Other$40.0M12%

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