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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Shake Shack Inc. (SHAK). Click either name above to swap in a different company.
Shake Shack Inc. is the larger business by last-quarter revenue ($400.5M vs $219.1M, roughly 1.8× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 3.0%, a 6.9% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (21.9% vs 1.9%). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (17.4% 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...
Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.
IRDM vs SHAK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $400.5M |
| Net Profit | $21.6M | $11.8M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | 4.7% |
| Net Margin | 9.9% | 3.0% |
| Revenue YoY | 1.9% | 21.9% |
| Net Profit YoY | — | 35.8% |
| EPS (diluted) | — | $0.28 |
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 | $400.5M | ||
| Q3 25 | $226.9M | $367.4M | ||
| Q2 25 | $216.9M | $356.5M | ||
| Q1 25 | $214.9M | $320.9M | ||
| Q4 24 | $213.0M | $328.7M | ||
| Q3 24 | $212.8M | $316.9M | ||
| Q2 24 | $201.1M | $316.5M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $11.8M | ||
| Q3 25 | $37.1M | $12.5M | ||
| Q2 25 | $22.0M | $17.1M | ||
| Q1 25 | $30.4M | $4.2M | ||
| Q4 24 | $36.3M | $8.7M | ||
| Q3 24 | $24.4M | $-10.2M | ||
| Q2 24 | $32.3M | $9.7M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 4.7% | ||
| Q3 25 | 30.9% | 5.0% | ||
| Q2 25 | 23.2% | 6.3% | ||
| Q1 25 | 28.1% | 0.9% | ||
| Q4 24 | 24.5% | 3.1% | ||
| Q3 24 | 25.8% | -5.7% | ||
| Q2 24 | 21.7% | 3.4% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 3.0% | ||
| Q3 25 | 16.4% | 3.4% | ||
| Q2 25 | 10.1% | 4.8% | ||
| Q1 25 | 14.2% | 1.3% | ||
| Q4 24 | 17.1% | 2.6% | ||
| Q3 24 | 11.5% | -3.2% | ||
| Q2 24 | 16.1% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.28 | ||
| Q3 25 | $0.35 | $0.30 | ||
| Q2 25 | $0.20 | $0.41 | ||
| Q1 25 | $0.27 | $0.10 | ||
| Q4 24 | $0.30 | $0.22 | ||
| Q3 24 | $0.21 | $-0.26 | ||
| Q2 24 | $0.27 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $360.1M |
| Total DebtLower is stronger | — | $247.7M |
| Stockholders' EquityBook value | — | $525.3M |
| Total Assets | — | $1.9B |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $360.1M | ||
| Q3 25 | $88.5M | $357.8M | ||
| Q2 25 | $79.3M | $336.8M | ||
| Q1 25 | $50.9M | $312.9M | ||
| Q4 24 | $93.5M | $320.7M | ||
| Q3 24 | $159.6M | $310.9M | ||
| Q2 24 | $63.5M | $304.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $247.7M | ||
| Q3 25 | — | $247.5M | ||
| Q2 25 | — | $247.2M | ||
| Q1 25 | — | $246.9M | ||
| Q4 24 | $1.8B | $246.7M | ||
| Q3 24 | — | $246.4M | ||
| Q2 24 | — | $246.2M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $525.3M | ||
| Q3 25 | $450.5M | $509.0M | ||
| Q2 25 | $473.6M | $494.1M | ||
| Q1 25 | $518.4M | $473.3M | ||
| Q4 24 | $576.6M | $470.0M | ||
| Q3 24 | $663.8M | $456.1M | ||
| Q2 24 | $786.7M | $462.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.9B | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.6B | $1.7B | ||
| Q4 24 | $2.7B | $1.7B | ||
| Q3 24 | $2.8B | $1.7B | ||
| Q2 24 | $2.7B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.47× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | 3.05× | 0.52× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.53× |
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 | — | $63.1M |
| Free Cash FlowOCF − Capex | — | $4.0M |
| FCF MarginFCF / Revenue | — | 1.0% |
| Capex IntensityCapex / Revenue | 13.7% | 14.8% |
| Cash ConversionOCF / Net Profit | — | 5.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $63.1M | ||
| Q3 25 | $100.8M | $63.0M | ||
| Q2 25 | $129.6M | $65.0M | ||
| Q1 25 | $61.1M | $31.2M | ||
| Q4 24 | $104.8M | $45.1M | ||
| Q3 24 | $118.6M | $41.9M | ||
| Q2 24 | $81.1M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $4.0M | ||
| Q3 25 | $79.2M | $23.7M | ||
| Q2 25 | $108.9M | $26.9M | ||
| Q1 25 | $36.5M | $1.9M | ||
| Q4 24 | $80.5M | $10.4M | ||
| Q3 24 | $100.0M | $7.1M | ||
| Q2 24 | $68.7M | $20.6M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 1.0% | ||
| Q3 25 | 34.9% | 6.5% | ||
| Q2 25 | 50.2% | 7.5% | ||
| Q1 25 | 17.0% | 0.6% | ||
| Q4 24 | 37.8% | 3.2% | ||
| Q3 24 | 47.0% | 2.2% | ||
| Q2 24 | 34.2% | 6.5% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 14.8% | ||
| Q3 25 | 9.5% | 10.7% | ||
| Q2 25 | 9.5% | 10.7% | ||
| Q1 25 | 11.4% | 9.1% | ||
| Q4 24 | 11.4% | 10.6% | ||
| Q3 24 | 8.7% | 11.0% | ||
| Q2 24 | 6.2% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 5.34× | ||
| Q3 25 | 2.71× | 5.04× | ||
| Q2 25 | 5.90× | 3.79× | ||
| Q1 25 | 2.01× | 7.36× | ||
| Q4 24 | 2.88× | 5.18× | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | 5.54× |
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% |
SHAK
Segment breakdown not available.
