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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and RADIAN GROUP INC (RDN). Click either name above to swap in a different company.
RADIAN GROUP INC is the larger business by last-quarter revenue ($300.5M vs $219.1M, roughly 1.4× Iridium Communications Inc.). RADIAN GROUP INC runs the higher net margin — 51.5% vs 9.9%, a 41.7% gap on every dollar of revenue. On growth, RADIAN GROUP INC posted the faster year-over-year revenue change (2.7% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -0.2%).
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...
Radian Group Inc. is a mortgage insurance company with a suite of mortgage, risk, real estate, and title services.
IRDM vs RDN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $300.5M |
| Net Profit | $21.6M | $154.8M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | 76.2% |
| Net Margin | 9.9% | 51.5% |
| Revenue YoY | 1.9% | 2.7% |
| Net Profit YoY | — | 4.4% |
| EPS (diluted) | — | $1.11 |
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 | $300.5M | ||
| Q3 25 | $226.9M | $303.2M | ||
| Q2 25 | $216.9M | $298.6M | ||
| Q1 25 | $214.9M | $294.8M | ||
| Q4 24 | $213.0M | $292.7M | ||
| Q3 24 | $212.8M | $313.4M | ||
| Q2 24 | $201.1M | $298.6M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $154.8M | ||
| Q3 25 | $37.1M | $141.4M | ||
| Q2 25 | $22.0M | $141.8M | ||
| Q1 25 | $30.4M | $144.6M | ||
| Q4 24 | $36.3M | $148.3M | ||
| Q3 24 | $24.4M | $151.9M | ||
| Q2 24 | $32.3M | $151.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 97.2% | ||
| Q1 25 | — | 97.0% | ||
| Q4 24 | — | 96.6% | ||
| Q3 24 | — | 97.0% | ||
| Q2 24 | — | 96.8% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 76.2% | ||
| Q3 25 | 30.9% | 65.5% | ||
| Q2 25 | 23.2% | 58.6% | ||
| Q1 25 | 28.1% | 63.9% | ||
| Q4 24 | 24.5% | 83.6% | ||
| Q3 24 | 25.8% | 68.4% | ||
| Q2 24 | 21.7% | 63.0% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 51.5% | ||
| Q3 25 | 16.4% | 46.7% | ||
| Q2 25 | 10.1% | 47.5% | ||
| Q1 25 | 14.2% | 49.0% | ||
| Q4 24 | 17.1% | 50.7% | ||
| Q3 24 | 11.5% | 48.5% | ||
| Q2 24 | 16.1% | 50.9% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $1.11 | ||
| Q3 25 | $0.35 | $1.03 | ||
| Q2 25 | $0.20 | $1.02 | ||
| Q1 25 | $0.27 | $0.98 | ||
| Q4 24 | $0.30 | $0.97 | ||
| Q3 24 | $0.21 | $0.99 | ||
| Q2 24 | $0.27 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $4.8B |
| Total Assets | — | $8.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $24.8M | ||
| Q3 25 | $88.5M | $15.3M | ||
| Q2 25 | $79.3M | $22.1M | ||
| Q1 25 | $50.9M | $24.2M | ||
| Q4 24 | $93.5M | $19.2M | ||
| Q3 24 | $159.6M | $28.1M | ||
| Q2 24 | $63.5M | $13.8M |
| 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 | $4.8B | ||
| Q3 25 | $450.5M | $4.7B | ||
| Q2 25 | $473.6M | $4.5B | ||
| Q1 25 | $518.4M | $4.6B | ||
| Q4 24 | $576.6M | $4.6B | ||
| Q3 24 | $663.8M | $4.7B | ||
| Q2 24 | $786.7M | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $8.1B | ||
| Q3 25 | $2.6B | $8.2B | ||
| Q2 25 | $2.6B | $9.6B | ||
| Q1 25 | $2.6B | $8.8B | ||
| Q4 24 | $2.7B | $8.7B | ||
| Q3 24 | $2.8B | $8.4B | ||
| Q2 24 | $2.7B | $8.1B |
| 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 | — | $119.9M |
| Free Cash FlowOCF − Capex | — | $115.7M |
| FCF MarginFCF / Revenue | — | 38.5% |
| Capex IntensityCapex / Revenue | 13.7% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-174.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $119.9M | ||
| Q3 25 | $100.8M | $358.4M | ||
| Q2 25 | $129.6M | $-713.3M | ||
| Q1 25 | $61.1M | $67.8M | ||
| Q4 24 | $104.8M | $-663.6M | ||
| Q3 24 | $118.6M | $-237.9M | ||
| Q2 24 | $81.1M | $-207.3M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $115.7M | ||
| Q3 25 | $79.2M | $357.6M | ||
| Q2 25 | $108.9M | $-714.6M | ||
| Q1 25 | $36.5M | $66.6M | ||
| Q4 24 | $80.5M | $-665.1M | ||
| Q3 24 | $100.0M | $-239.2M | ||
| Q2 24 | $68.7M | $-208.3M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 38.5% | ||
| Q3 25 | 34.9% | 117.9% | ||
| Q2 25 | 50.2% | -239.4% | ||
| Q1 25 | 17.0% | 22.6% | ||
| Q4 24 | 37.8% | -227.3% | ||
| Q3 24 | 47.0% | -76.3% | ||
| Q2 24 | 34.2% | -69.8% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 1.4% | ||
| Q3 25 | 9.5% | 0.3% | ||
| Q2 25 | 9.5% | 0.4% | ||
| Q1 25 | 11.4% | 0.4% | ||
| Q4 24 | 11.4% | 0.5% | ||
| Q3 24 | 8.7% | 0.4% | ||
| Q2 24 | 6.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 0.77× | ||
| Q3 25 | 2.71× | 2.53× | ||
| Q2 25 | 5.90× | -5.03× | ||
| Q1 25 | 2.01× | 0.47× | ||
| Q4 24 | 2.88× | -4.47× | ||
| Q3 24 | 4.85× | -1.57× | ||
| Q2 24 | 2.51× | -1.36× |
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% |
RDN
Segment breakdown not available.
