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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $207.0M, roughly 1.1× ONE Group Hospitality, Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -3.1%, a 12.9% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -6.7%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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...
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
IRDM vs STKS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $207.0M |
| Net Profit | $21.6M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | 2.2% |
| Net Margin | 9.9% | -3.1% |
| Revenue YoY | 1.9% | -6.7% |
| Net Profit YoY | — | -531.8% |
| EPS (diluted) | — | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $226.9M | $180.2M | ||
| Q2 25 | $216.9M | $207.4M | ||
| Q1 25 | $214.9M | $211.1M | ||
| Q4 24 | $213.0M | $221.9M | ||
| Q3 24 | $212.8M | $194.0M | ||
| Q2 24 | $201.1M | $172.5M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-6.4M | ||
| Q3 25 | $37.1M | $-76.7M | ||
| Q2 25 | $22.0M | $-10.1M | ||
| Q1 25 | $30.4M | $975.0K | ||
| Q4 24 | $36.3M | $1.5M | ||
| Q3 24 | $24.4M | $-9.3M | ||
| Q2 24 | $32.3M | $-7.3M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 2.2% | ||
| Q3 25 | 30.9% | -4.4% | ||
| Q2 25 | 23.2% | 0.3% | ||
| Q1 25 | 28.1% | 5.1% | ||
| Q4 24 | 24.5% | 5.5% | ||
| Q3 24 | 25.8% | -1.9% | ||
| Q2 24 | 21.7% | 0.6% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -3.1% | ||
| Q3 25 | 16.4% | -42.6% | ||
| Q2 25 | 10.1% | -4.9% | ||
| Q1 25 | 14.2% | 0.5% | ||
| Q4 24 | 17.1% | 0.7% | ||
| Q3 24 | 11.5% | -4.8% | ||
| Q2 24 | 16.1% | -4.3% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-0.50 | ||
| Q3 25 | $0.35 | $-2.75 | ||
| Q2 25 | $0.20 | $-0.59 | ||
| Q1 25 | $0.27 | $-0.21 | ||
| Q4 24 | $0.30 | $-0.18 | ||
| Q3 24 | $0.21 | $-0.53 | ||
| Q2 24 | $0.27 | $-0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | — | $-75.8M |
| Total Assets | — | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $4.2M | ||
| Q3 25 | $88.5M | $5.5M | ||
| Q2 25 | $79.3M | $4.7M | ||
| Q1 25 | $50.9M | $21.4M | ||
| Q4 24 | $93.5M | $27.6M | ||
| Q3 24 | $159.6M | $28.2M | ||
| Q2 24 | $63.5M | $32.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | $1.8B | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $-75.8M | ||
| Q3 25 | $450.5M | $-61.5M | ||
| Q2 25 | $473.6M | $23.0M | ||
| Q1 25 | $518.4M | $40.5M | ||
| Q4 24 | $576.6M | $45.9M | ||
| Q3 24 | $663.8M | $51.4M | ||
| Q2 24 | $786.7M | $68.1M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $884.2M | ||
| Q3 25 | $2.6B | $879.5M | ||
| Q2 25 | $2.6B | $935.7M | ||
| Q1 25 | $2.6B | $956.0M | ||
| Q4 24 | $2.7B | $960.1M | ||
| Q3 24 | $2.8B | $953.5M | ||
| Q2 24 | $2.7B | $945.9M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | 3.05× | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× |
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 | — | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | 13.7% | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $13.1M | ||
| Q3 25 | $100.8M | $5.9M | ||
| Q2 25 | $129.6M | $2.8M | ||
| Q1 25 | $61.1M | $8.5M | ||
| Q4 24 | $104.8M | $18.5M | ||
| Q3 24 | $118.6M | $19.1M | ||
| Q2 24 | $81.1M | $-3.8M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-329.0K | ||
| Q3 25 | $79.2M | $-6.1M | ||
| Q2 25 | $108.9M | $-15.0M | ||
| Q1 25 | $36.5M | $-5.8M | ||
| Q4 24 | $80.5M | $733.0K | ||
| Q3 24 | $100.0M | $287.0K | ||
| Q2 24 | $68.7M | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -0.2% | ||
| Q3 25 | 34.9% | -3.4% | ||
| Q2 25 | 50.2% | -7.2% | ||
| Q1 25 | 17.0% | -2.7% | ||
| Q4 24 | 37.8% | 0.3% | ||
| Q3 24 | 47.0% | 0.1% | ||
| Q2 24 | 34.2% | -13.3% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 6.5% | ||
| Q3 25 | 9.5% | 6.7% | ||
| Q2 25 | 9.5% | 8.6% | ||
| Q1 25 | 11.4% | 6.8% | ||
| Q4 24 | 11.4% | 8.0% | ||
| Q3 24 | 8.7% | 9.7% | ||
| Q2 24 | 6.2% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | 8.76× | ||
| Q4 24 | 2.88× | 12.54× | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | — |
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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
