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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.

Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $151.1M, roughly 1.5× STURM RUGER & CO INC). On growth, STURM RUGER & CO INC posted the faster year-over-year revenue change (3.6% vs 1.9%). Over the past eight quarters, STURM RUGER & CO INC's revenue compounded faster (5.1% 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...

Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.

IRDM vs RGR — Head-to-Head

Bigger by revenue
IRDM
IRDM
1.5× larger
IRDM
$219.1M
$151.1M
RGR
Growing faster (revenue YoY)
RGR
RGR
+1.7% gap
RGR
3.6%
1.9%
IRDM
Faster 2-yr revenue CAGR
RGR
RGR
Annualised
RGR
5.1%
4.4%
IRDM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRDM
IRDM
RGR
RGR
Revenue
$219.1M
$151.1M
Net Profit
$21.6M
Gross Margin
17.8%
Operating Margin
23.2%
2.3%
Net Margin
9.9%
Revenue YoY
1.9%
3.6%
Net Profit YoY
EPS (diluted)
$0.22

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
RGR
RGR
Q1 26
$219.1M
Q4 25
$212.9M
$151.1M
Q3 25
$226.9M
$126.8M
Q2 25
$216.9M
$132.5M
Q1 25
$214.9M
$135.7M
Q4 24
$213.0M
$145.8M
Q3 24
$212.8M
$122.3M
Q2 24
$201.1M
$130.8M
Net Profit
IRDM
IRDM
RGR
RGR
Q1 26
$21.6M
Q4 25
$24.9M
Q3 25
$37.1M
$1.6M
Q2 25
$22.0M
$-17.2M
Q1 25
$30.4M
$7.8M
Q4 24
$36.3M
Q3 24
$24.4M
$4.7M
Q2 24
$32.3M
$8.3M
Gross Margin
IRDM
IRDM
RGR
RGR
Q1 26
Q4 25
17.8%
Q3 25
15.1%
Q2 25
3.9%
Q1 25
22.0%
Q4 24
22.8%
Q3 24
18.5%
Q2 24
22.3%
Operating Margin
IRDM
IRDM
RGR
RGR
Q1 26
23.2%
Q4 25
25.9%
2.3%
Q3 25
30.9%
-2.7%
Q2 25
23.2%
-15.6%
Q1 25
28.1%
6.2%
Q4 24
24.5%
7.8%
Q3 24
25.8%
3.1%
Q2 24
21.7%
6.9%
Net Margin
IRDM
IRDM
RGR
RGR
Q1 26
9.9%
Q4 25
11.7%
Q3 25
16.4%
1.2%
Q2 25
10.1%
-13.0%
Q1 25
14.2%
5.7%
Q4 24
17.1%
Q3 24
11.5%
3.9%
Q2 24
16.1%
6.3%
EPS (diluted)
IRDM
IRDM
RGR
RGR
Q1 26
Q4 25
$0.24
$0.22
Q3 25
$0.35
$0.10
Q2 25
$0.20
$-1.05
Q1 25
$0.27
$0.46
Q4 24
$0.30
$0.62
Q3 24
$0.21
$0.28
Q2 24
$0.27
$0.47

Balance Sheet & Financial Strength

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

Metric
IRDM
IRDM
RGR
RGR
Cash + ST InvestmentsLiquidity on hand
$92.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$283.8M
Total Assets
$342.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRDM
IRDM
RGR
RGR
Q1 26
Q4 25
$96.5M
$92.5M
Q3 25
$88.5M
$80.8M
Q2 25
$79.3M
$101.4M
Q1 25
$50.9M
$108.3M
Q4 24
$93.5M
$105.5M
Q3 24
$159.6M
$96.0M
Q2 24
$63.5M
$105.6M
Total Debt
IRDM
IRDM
RGR
RGR
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Stockholders' Equity
IRDM
IRDM
RGR
RGR
Q1 26
Q4 25
$462.6M
$283.8M
Q3 25
$450.5M
$279.6M
Q2 25
$473.6M
$289.3M
Q1 25
$518.4M
$321.5M
Q4 24
$576.6M
$319.6M
Q3 24
$663.8M
$314.9M
Q2 24
$786.7M
$321.5M
Total Assets
IRDM
IRDM
RGR
RGR
Q1 26
Q4 25
$2.5B
$342.0M
Q3 25
$2.6B
$342.3M
Q2 25
$2.6B
$349.5M
Q1 25
$2.6B
$379.0M
Q4 24
$2.7B
$384.0M
Q3 24
$2.8B
$373.5M
Q2 24
$2.7B
$376.7M
Debt / Equity
IRDM
IRDM
RGR
RGR
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
IRDM
IRDM
RGR
RGR
Operating Cash FlowLast quarter
$15.5M
Free Cash FlowOCF − Capex
$12.3M
FCF MarginFCF / Revenue
8.2%
Capex IntensityCapex / Revenue
13.7%
2.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$38.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRDM
IRDM
RGR
RGR
Q1 26
Q4 25
$108.6M
$15.5M
Q3 25
$100.8M
$12.9M
Q2 25
$129.6M
$14.7M
Q1 25
$61.1M
$11.1M
Q4 24
$104.8M
$20.0M
Q3 24
$118.6M
$9.4M
Q2 24
$81.1M
$18.7M
Free Cash Flow
IRDM
IRDM
RGR
RGR
Q1 26
Q4 25
$75.1M
$12.3M
Q3 25
$79.2M
$7.0M
Q2 25
$108.9M
$9.1M
Q1 25
$36.5M
$10.0M
Q4 24
$80.5M
$16.4M
Q3 24
$100.0M
$2.6M
Q2 24
$68.7M
$10.1M
FCF Margin
IRDM
IRDM
RGR
RGR
Q1 26
Q4 25
35.3%
8.2%
Q3 25
34.9%
5.5%
Q2 25
50.2%
6.9%
Q1 25
17.0%
7.4%
Q4 24
37.8%
11.2%
Q3 24
47.0%
2.1%
Q2 24
34.2%
7.7%
Capex Intensity
IRDM
IRDM
RGR
RGR
Q1 26
13.7%
Q4 25
15.7%
2.1%
Q3 25
9.5%
4.6%
Q2 25
9.5%
4.2%
Q1 25
11.4%
0.8%
Q4 24
11.4%
2.5%
Q3 24
8.7%
5.5%
Q2 24
6.2%
6.6%
Cash Conversion
IRDM
IRDM
RGR
RGR
Q1 26
Q4 25
4.37×
Q3 25
2.71×
8.15×
Q2 25
5.90×
Q1 25
2.01×
1.43×
Q4 24
2.88×
Q3 24
4.85×
1.98×
Q2 24
2.51×
2.27×

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%

RGR
RGR

Firearms$150.6M100%
Castings$7.3M5%

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