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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and STONERIDGE INC (SRI). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $205.2M, roughly 1.1× STONERIDGE INC). On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -6.0%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -7.4%).
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...
Stoneridge Inc is a global designer and manufacturer of advanced electrical and electronic components, integrated systems, and sensor solutions. It serves automotive, commercial vehicle, off-highway, and aerospace sectors, delivering products that boost vehicle safety, efficiency, connectivity, and environmental performance across key global markets.
IRDM vs SRI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $205.2M |
| Net Profit | $21.6M | — |
| Gross Margin | — | 16.2% |
| Operating Margin | 23.2% | -14.4% |
| Net Margin | 9.9% | — |
| Revenue YoY | 1.9% | -6.0% |
| Net Profit YoY | -29.0% | — |
| EPS (diluted) | — | $-2.76 |
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 | $205.2M | ||
| Q3 25 | $226.9M | $210.3M | ||
| Q2 25 | $216.9M | $228.0M | ||
| Q1 25 | $214.9M | $217.9M | ||
| Q4 24 | $213.0M | $218.2M | ||
| Q3 24 | $212.8M | $213.8M | ||
| Q2 24 | $201.1M | $237.1M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | — | ||
| Q3 25 | $37.1M | $-9.4M | ||
| Q2 25 | $22.0M | $-9.4M | ||
| Q1 25 | $30.4M | $-7.2M | ||
| Q4 24 | $36.3M | — | ||
| Q3 24 | $24.4M | $-7.1M | ||
| Q2 24 | $32.3M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 20.3% | ||
| Q2 25 | — | 21.5% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 22.7% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -14.4% | ||
| Q3 25 | 30.9% | -1.6% | ||
| Q2 25 | 23.2% | -1.1% | ||
| Q1 25 | 28.1% | -1.5% | ||
| Q4 24 | 24.5% | -2.0% | ||
| Q3 24 | 25.8% | 0.1% | ||
| Q2 24 | 21.7% | 1.4% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 16.4% | -4.5% | ||
| Q2 25 | 10.1% | -4.1% | ||
| Q1 25 | 14.2% | -3.3% | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | 11.5% | -3.3% | ||
| Q2 24 | 16.1% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-2.76 | ||
| Q3 25 | $0.35 | $-0.34 | ||
| Q2 25 | $0.20 | $-0.34 | ||
| Q1 25 | $0.27 | $-0.26 | ||
| Q4 24 | $0.30 | $-0.22 | ||
| Q3 24 | $0.21 | $-0.26 | ||
| Q2 24 | $0.27 | $0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $66.3M |
| Total DebtLower is stronger | — | $180.9M |
| Stockholders' EquityBook value | — | $179.8M |
| Total Assets | — | $551.2M |
| Debt / EquityLower = less leverage | — | 1.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $66.3M | ||
| Q3 25 | $88.5M | $54.0M | ||
| Q2 25 | $79.3M | $49.8M | ||
| Q1 25 | $50.9M | $79.1M | ||
| Q4 24 | $93.5M | $71.8M | ||
| Q3 24 | $159.6M | $54.1M | ||
| Q2 24 | $63.5M | $42.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $180.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | $201.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $179.8M | ||
| Q3 25 | $450.5M | $251.2M | ||
| Q2 25 | $473.6M | $260.5M | ||
| Q1 25 | $518.4M | $253.1M | ||
| Q4 24 | $576.6M | $245.3M | ||
| Q3 24 | $663.8M | $271.4M | ||
| Q2 24 | $786.7M | $270.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $551.2M | ||
| Q3 25 | $2.6B | $632.1M | ||
| Q2 25 | $2.6B | $639.4M | ||
| Q1 25 | $2.6B | $657.4M | ||
| Q4 24 | $2.7B | $621.6M | ||
| Q3 24 | $2.8B | $662.5M | ||
| Q2 24 | $2.7B | $666.7M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 1.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | 0.82× | ||
| 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 | — | $8.8M |
| Free Cash FlowOCF − Capex | — | $2.6M |
| FCF MarginFCF / Revenue | — | 1.3% |
| Capex IntensityCapex / Revenue | 13.7% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $12.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $8.8M | ||
| Q3 25 | $100.8M | $3.6M | ||
| Q2 25 | $129.6M | $10.7M | ||
| Q1 25 | $61.1M | $10.9M | ||
| Q4 24 | $104.8M | $19.2M | ||
| Q3 24 | $118.6M | $10.8M | ||
| Q2 24 | $81.1M | $8.7M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $2.6M | ||
| Q3 25 | $79.2M | $-2.7M | ||
| Q2 25 | $108.9M | $7.4M | ||
| Q1 25 | $36.5M | $4.8M | ||
| Q4 24 | $80.5M | $14.0M | ||
| Q3 24 | $100.0M | $4.6M | ||
| Q2 24 | $68.7M | $1.5M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 1.3% | ||
| Q3 25 | 34.9% | -1.3% | ||
| Q2 25 | 50.2% | 3.3% | ||
| Q1 25 | 17.0% | 2.2% | ||
| Q4 24 | 37.8% | 6.4% | ||
| Q3 24 | 47.0% | 2.2% | ||
| Q2 24 | 34.2% | 0.6% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 3.0% | ||
| Q3 25 | 9.5% | 3.0% | ||
| Q2 25 | 9.5% | 1.4% | ||
| Q1 25 | 11.4% | 2.8% | ||
| Q4 24 | 11.4% | 2.4% | ||
| Q3 24 | 8.7% | 2.9% | ||
| Q2 24 | 6.2% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | — | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | 3.11× |
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) | $43.9M | 20% |
| Government | $35.8M | 16% |
| Government service revenue (5) | $26.8M | 12% |
| Subscriber equipment | $23.1M | 11% |
| Hosted payload and other data service (4) | $14.9M | 7% |
| Broadband (3) | $12.9M | 6% |
| Commercial | $1.6M | 1% |
SRI
| Control Devices | $51.7M | 25% |
| Electronics | $38.0M | 19% |
| EE | $34.2M | 17% |
| SE | $28.6M | 14% |
| NL | $24.5M | 12% |
| Stoneridge Brazil | $14.1M | 7% |
| Asia Pacific | $13.1M | 6% |
