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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and TANGER INC. (SKT). Click either name above to swap in a different company.

Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $150.4M, roughly 1.5× TANGER INC.). TANGER INC. runs the higher net margin — 19.6% vs 9.9%, a 9.7% gap on every dollar of revenue. On growth, TANGER INC. posted the faster year-over-year revenue change (11.1% vs 1.9%). Over the past eight quarters, TANGER INC.'s revenue compounded faster (8.0% 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...

Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.

IRDM vs SKT — Head-to-Head

Bigger by revenue
IRDM
IRDM
1.5× larger
IRDM
$219.1M
$150.4M
SKT
Growing faster (revenue YoY)
SKT
SKT
+9.2% gap
SKT
11.1%
1.9%
IRDM
Higher net margin
SKT
SKT
9.7% more per $
SKT
19.6%
9.9%
IRDM
Faster 2-yr revenue CAGR
SKT
SKT
Annualised
SKT
8.0%
4.4%
IRDM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IRDM
IRDM
SKT
SKT
Revenue
$219.1M
$150.4M
Net Profit
$21.6M
$29.4M
Gross Margin
Operating Margin
23.2%
Net Margin
9.9%
19.6%
Revenue YoY
1.9%
11.1%
Net Profit YoY
47.1%
EPS (diluted)
$1.05

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
SKT
SKT
Q1 26
$219.1M
$150.4M
Q4 25
$212.9M
$151.0M
Q3 25
$226.9M
$145.2M
Q2 25
$216.9M
$140.7M
Q1 25
$214.9M
$135.4M
Q4 24
$213.0M
$132.2M
Q3 24
$212.8M
$133.0M
Q2 24
$201.1M
$129.0M
Net Profit
IRDM
IRDM
SKT
SKT
Q1 26
$21.6M
$29.4M
Q4 25
$24.9M
Q3 25
$37.1M
$32.0M
Q2 25
$22.0M
$30.1M
Q1 25
$30.4M
$19.2M
Q4 24
$36.3M
Q3 24
$24.4M
$24.9M
Q2 24
$32.3M
$24.8M
Operating Margin
IRDM
IRDM
SKT
SKT
Q1 26
23.2%
Q4 25
25.9%
Q3 25
30.9%
20.1%
Q2 25
23.2%
20.1%
Q1 25
28.1%
13.0%
Q4 24
24.5%
Q3 24
25.8%
17.8%
Q2 24
21.7%
17.8%
Net Margin
IRDM
IRDM
SKT
SKT
Q1 26
9.9%
19.6%
Q4 25
11.7%
Q3 25
16.4%
22.1%
Q2 25
10.1%
21.4%
Q1 25
14.2%
14.2%
Q4 24
17.1%
Q3 24
11.5%
18.7%
Q2 24
16.1%
19.3%
EPS (diluted)
IRDM
IRDM
SKT
SKT
Q1 26
$1.05
Q4 25
$0.24
Q3 25
$0.35
$0.28
Q2 25
$0.20
$0.26
Q1 25
$0.27
$0.17
Q4 24
$0.30
Q3 24
$0.21
$0.22
Q2 24
$0.27
$0.22

Balance Sheet & Financial Strength

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

Metric
IRDM
IRDM
SKT
SKT
Cash + ST InvestmentsLiquidity on hand
$227.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$697.8M
Total Assets
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRDM
IRDM
SKT
SKT
Q1 26
$227.4M
Q4 25
$96.5M
$18.1M
Q3 25
$88.5M
$13.0M
Q2 25
$79.3M
$9.7M
Q1 25
$50.9M
$10.2M
Q4 24
$93.5M
$47.0M
Q3 24
$159.6M
$11.1M
Q2 24
$63.5M
$11.3M
Total Debt
IRDM
IRDM
SKT
SKT
Q1 26
Q4 25
$1.8B
Q3 25
$1.6B
Q2 25
$1.5B
Q1 25
$1.6B
Q4 24
$1.8B
$1.4B
Q3 24
$1.4B
Q2 24
$1.5B
Stockholders' Equity
IRDM
IRDM
SKT
SKT
Q1 26
$697.8M
Q4 25
$462.6M
Q3 25
$450.5M
$703.6M
Q2 25
$473.6M
$635.2M
Q1 25
$518.4M
$633.9M
Q4 24
$576.6M
$652.4M
Q3 24
$663.8M
$568.3M
Q2 24
$786.7M
$553.7M
Total Assets
IRDM
IRDM
SKT
SKT
Q1 26
$2.8B
Q4 25
$2.5B
Q3 25
$2.6B
$2.6B
Q2 25
$2.6B
$2.5B
Q1 25
$2.6B
$2.5B
Q4 24
$2.7B
$2.4B
Q3 24
$2.8B
$2.3B
Q2 24
$2.7B
$2.3B
Debt / Equity
IRDM
IRDM
SKT
SKT
Q1 26
Q4 25
3.80×
Q3 25
2.29×
Q2 25
2.40×
Q1 25
2.47×
Q4 24
3.05×
2.18×
Q3 24
2.51×
Q2 24
2.64×

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%

SKT
SKT

Rental revenue$143.5M95%
Other revenue$4.7M3%
Management, leasing and other services$2.2M1%

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