vs
Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Service Properties Trust (SVC). Click either name above to swap in a different company.
Service Properties Trust is the larger business by last-quarter revenue ($296.5M vs $219.1M, roughly 1.4× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -0.3%, a 10.1% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -17.0%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -6.1%).
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...
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
IRDM vs SVC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $296.5M |
| Net Profit | $21.6M | $-782.0K |
| Gross Margin | — | — |
| Operating Margin | 23.2% | -3.9% |
| Net Margin | 9.9% | -0.3% |
| Revenue YoY | 1.9% | -17.0% |
| Net Profit YoY | — | 99.0% |
| EPS (diluted) | — | $-0.01 |
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 | $296.5M | ||
| Q3 25 | $226.9M | $377.6M | ||
| Q2 25 | $216.9M | $404.4M | ||
| Q1 25 | $214.9M | $335.0M | ||
| Q4 24 | $213.0M | $357.0M | ||
| Q3 24 | $212.8M | $390.9M | ||
| Q2 24 | $201.1M | $412.5M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-782.0K | ||
| Q3 25 | $37.1M | $-46.9M | ||
| Q2 25 | $22.0M | $-38.2M | ||
| Q1 25 | $30.4M | $-116.4M | ||
| Q4 24 | $36.3M | $-76.4M | ||
| Q3 24 | $24.4M | $-46.9M | ||
| Q2 24 | $32.3M | $-73.8M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -3.9% | ||
| Q3 25 | 30.9% | -12.8% | ||
| Q2 25 | 23.2% | -9.2% | ||
| Q1 25 | 28.1% | -33.3% | ||
| Q4 24 | 24.5% | -19.4% | ||
| Q3 24 | 25.8% | -12.8% | ||
| Q2 24 | 21.7% | -17.1% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -0.3% | ||
| Q3 25 | 16.4% | -12.4% | ||
| Q2 25 | 10.1% | -9.4% | ||
| Q1 25 | 14.2% | -34.8% | ||
| Q4 24 | 17.1% | -21.4% | ||
| Q3 24 | 11.5% | -12.0% | ||
| Q2 24 | 16.1% | -17.9% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-0.01 | ||
| Q3 25 | $0.35 | $-0.28 | ||
| Q2 25 | $0.20 | $-0.23 | ||
| Q1 25 | $0.27 | $-0.70 | ||
| Q4 24 | $0.30 | $-0.46 | ||
| Q3 24 | $0.21 | $-0.28 | ||
| Q2 24 | $0.27 | $-0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $346.8M |
| Total DebtLower is stronger | — | $5.5B |
| Stockholders' EquityBook value | — | $646.1M |
| Total Assets | — | $6.5B |
| Debt / EquityLower = less leverage | — | 8.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $346.8M | ||
| Q3 25 | $88.5M | $417.4M | ||
| Q2 25 | $79.3M | $63.2M | ||
| Q1 25 | $50.9M | $80.1M | ||
| Q4 24 | $93.5M | $143.5M | ||
| Q3 24 | $159.6M | $48.6M | ||
| Q2 24 | $63.5M | $14.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $5.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $646.1M | ||
| Q3 25 | $450.5M | $647.9M | ||
| Q2 25 | $473.6M | $695.9M | ||
| Q1 25 | $518.4M | $734.6M | ||
| Q4 24 | $576.6M | $851.9M | ||
| Q3 24 | $663.8M | $929.0M | ||
| Q2 24 | $786.7M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $6.5B | ||
| Q3 25 | $2.6B | $7.0B | ||
| Q2 25 | $2.6B | $6.9B | ||
| Q1 25 | $2.6B | $7.0B | ||
| Q4 24 | $2.7B | $7.1B | ||
| Q3 24 | $2.8B | $7.1B | ||
| Q2 24 | $2.7B | $7.1B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 8.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | 6.85× | ||
| 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 | — | $-18.5M |
| Free Cash FlowOCF − Capex | — | $-95.2M |
| FCF MarginFCF / Revenue | — | -32.1% |
| Capex IntensityCapex / Revenue | 13.7% | 25.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-107.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-18.5M | ||
| Q3 25 | $100.8M | $98.1M | ||
| Q2 25 | $129.6M | $-7.0K | ||
| Q1 25 | $61.1M | $38.2M | ||
| Q4 24 | $104.8M | $-9.7M | ||
| Q3 24 | $118.6M | $106.2M | ||
| Q2 24 | $81.1M | $43.8M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-95.2M | ||
| Q3 25 | $79.2M | $57.9M | ||
| Q2 25 | $108.9M | $-46.6M | ||
| Q1 25 | $36.5M | $-23.2M | ||
| Q4 24 | $80.5M | $-88.9M | ||
| Q3 24 | $100.0M | $24.1M | ||
| Q2 24 | $68.7M | $-22.3M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -32.1% | ||
| Q3 25 | 34.9% | 15.3% | ||
| Q2 25 | 50.2% | -11.5% | ||
| Q1 25 | 17.0% | -6.9% | ||
| Q4 24 | 37.8% | -24.9% | ||
| Q3 24 | 47.0% | 6.2% | ||
| Q2 24 | 34.2% | -5.4% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 25.9% | ||
| Q3 25 | 9.5% | 10.6% | ||
| Q2 25 | 9.5% | 11.5% | ||
| Q1 25 | 11.4% | 18.3% | ||
| Q4 24 | 11.4% | 22.2% | ||
| Q3 24 | 8.7% | 21.0% | ||
| Q2 24 | 6.2% | 16.0% |
| 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× | — |
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% |
SVC
Segment breakdown not available.
