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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $184.5M, roughly 1.2× DOUGLAS DYNAMICS, INC). Iridium Communications Inc. runs the higher net margin — 9.9% vs 7.0%, a 2.9% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 1.9%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 4.4%).
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...
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
IRDM vs PLOW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $184.5M |
| Net Profit | $21.6M | $12.8M |
| Gross Margin | — | 26.1% |
| Operating Margin | 23.2% | 10.5% |
| Net Margin | 9.9% | 7.0% |
| Revenue YoY | 1.9% | 28.6% |
| Net Profit YoY | — | 62.3% |
| EPS (diluted) | — | $0.54 |
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 | $184.5M | ||
| Q3 25 | $226.9M | $162.1M | ||
| Q2 25 | $216.9M | $194.3M | ||
| Q1 25 | $214.9M | $115.1M | ||
| Q4 24 | $213.0M | $143.5M | ||
| Q3 24 | $212.8M | $129.4M | ||
| Q2 24 | $201.1M | $199.9M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $12.8M | ||
| Q3 25 | $37.1M | $8.0M | ||
| Q2 25 | $22.0M | $26.0M | ||
| Q1 25 | $30.4M | $148.0K | ||
| Q4 24 | $36.3M | $7.9M | ||
| Q3 24 | $24.4M | $32.3M | ||
| Q2 24 | $32.3M | $24.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 30.7% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 10.5% | ||
| Q3 25 | 30.9% | 8.7% | ||
| Q2 25 | 23.2% | 19.0% | ||
| Q1 25 | 28.1% | 2.8% | ||
| Q4 24 | 24.5% | 9.0% | ||
| Q3 24 | 25.8% | 35.4% | ||
| Q2 24 | 21.7% | 18.2% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 7.0% | ||
| Q3 25 | 16.4% | 4.9% | ||
| Q2 25 | 10.1% | 13.4% | ||
| Q1 25 | 14.2% | 0.1% | ||
| Q4 24 | 17.1% | 5.5% | ||
| Q3 24 | 11.5% | 24.9% | ||
| Q2 24 | 16.1% | 12.2% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.54 | ||
| Q3 25 | $0.35 | $0.33 | ||
| Q2 25 | $0.20 | $1.09 | ||
| Q1 25 | $0.27 | $0.00 | ||
| Q4 24 | $0.30 | $0.35 | ||
| Q3 24 | $0.21 | $1.36 | ||
| Q2 24 | $0.27 | $1.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | — | $281.4M |
| Total Assets | — | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | — | ||
| Q3 25 | $88.5M | — | ||
| Q2 25 | $79.3M | — | ||
| Q1 25 | $50.9M | — | ||
| Q4 24 | $93.5M | — | ||
| Q3 24 | $159.6M | — | ||
| Q2 24 | $63.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $281.4M | ||
| Q3 25 | $450.5M | $275.3M | ||
| Q2 25 | $473.6M | $273.3M | ||
| Q1 25 | $518.4M | $258.9M | ||
| Q4 24 | $576.6M | $264.2M | ||
| Q3 24 | $663.8M | $260.8M | ||
| Q2 24 | $786.7M | $236.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $626.7M | ||
| Q3 25 | $2.6B | $694.9M | ||
| Q2 25 | $2.6B | $671.5M | ||
| Q1 25 | $2.6B | $621.0M | ||
| Q4 24 | $2.7B | $590.0M | ||
| Q3 24 | $2.8B | $665.6M | ||
| Q2 24 | $2.7B | $617.0M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | 0.56× | ||
| 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 | — | $95.9M |
| Free Cash FlowOCF − Capex | — | $92.8M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | 13.7% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $95.9M | ||
| Q3 25 | $100.8M | $-8.5M | ||
| Q2 25 | $129.6M | $-11.4M | ||
| Q1 25 | $61.1M | $-1.3M | ||
| Q4 24 | $104.8M | $74.4M | ||
| Q3 24 | $118.6M | $-14.2M | ||
| Q2 24 | $81.1M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $92.8M | ||
| Q3 25 | $79.2M | $-11.4M | ||
| Q2 25 | $108.9M | $-14.3M | ||
| Q1 25 | $36.5M | $-3.5M | ||
| Q4 24 | $80.5M | $70.2M | ||
| Q3 24 | $100.0M | $-15.2M | ||
| Q2 24 | $68.7M | $836.0K |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 50.3% | ||
| Q3 25 | 34.9% | -7.1% | ||
| Q2 25 | 50.2% | -7.4% | ||
| Q1 25 | 17.0% | -3.0% | ||
| Q4 24 | 37.8% | 48.9% | ||
| Q3 24 | 47.0% | -11.8% | ||
| Q2 24 | 34.2% | 0.4% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 1.7% | ||
| Q3 25 | 9.5% | 1.8% | ||
| Q2 25 | 9.5% | 1.5% | ||
| Q1 25 | 11.4% | 1.9% | ||
| Q4 24 | 11.4% | 2.9% | ||
| Q3 24 | 8.7% | 0.8% | ||
| Q2 24 | 6.2% | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 7.47× | ||
| Q3 25 | 2.71× | -1.07× | ||
| Q2 25 | 5.90× | -0.44× | ||
| Q1 25 | 2.01× | -9.03× | ||
| Q4 24 | 2.88× | 9.41× | ||
| Q3 24 | 4.85× | -0.44× | ||
| Q2 24 | 2.51× | 0.10× |
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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
