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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $124.7M, roughly 1.8× SMITH & WESSON BRANDS, INC.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 1.5%, a 8.3% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -3.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -4.8%).
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...
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
IRDM vs SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $124.7M |
| Net Profit | $21.6M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 23.2% | 3.3% |
| Net Margin | 9.9% | 1.5% |
| Revenue YoY | 1.9% | -3.9% |
| Net Profit YoY | — | -53.6% |
| EPS (diluted) | — | $0.04 |
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 | $124.7M | ||
| Q3 25 | $226.9M | $85.1M | ||
| Q2 25 | $216.9M | $140.8M | ||
| Q1 25 | $214.9M | $115.9M | ||
| Q4 24 | $213.0M | $129.7M | ||
| Q3 24 | $212.8M | $88.3M | ||
| Q2 24 | $201.1M | $159.1M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $1.9M | ||
| Q3 25 | $37.1M | $-3.4M | ||
| Q2 25 | $22.0M | $8.6M | ||
| Q1 25 | $30.4M | $2.1M | ||
| Q4 24 | $36.3M | $4.5M | ||
| Q3 24 | $24.4M | $-1.9M | ||
| Q2 24 | $32.3M | $27.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 35.5% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 3.3% | ||
| Q3 25 | 30.9% | -3.5% | ||
| Q2 25 | 23.2% | 9.3% | ||
| Q1 25 | 28.1% | 4.1% | ||
| Q4 24 | 24.5% | 5.8% | ||
| Q3 24 | 25.8% | -1.7% | ||
| Q2 24 | 21.7% | 17.4% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 1.5% | ||
| Q3 25 | 16.4% | -4.0% | ||
| Q2 25 | 10.1% | 6.1% | ||
| Q1 25 | 14.2% | 1.8% | ||
| Q4 24 | 17.1% | 3.5% | ||
| Q3 24 | 11.5% | -2.1% | ||
| Q2 24 | 16.1% | 17.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.04 | ||
| Q3 25 | $0.35 | $-0.08 | ||
| Q2 25 | $0.20 | $0.19 | ||
| Q1 25 | $0.27 | $0.05 | ||
| Q4 24 | $0.30 | $0.10 | ||
| Q3 24 | $0.21 | $-0.04 | ||
| Q2 24 | $0.27 | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $363.2M |
| Total Assets | — | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $22.4M | ||
| Q3 25 | $88.5M | $18.0M | ||
| Q2 25 | $79.3M | $25.2M | ||
| Q1 25 | $50.9M | $26.7M | ||
| Q4 24 | $93.5M | $39.1M | ||
| Q3 24 | $159.6M | $35.5M | ||
| Q2 24 | $63.5M | $60.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $363.2M | ||
| Q3 25 | $450.5M | $364.4M | ||
| Q2 25 | $473.6M | $372.5M | ||
| Q1 25 | $518.4M | $366.9M | ||
| Q4 24 | $576.6M | $371.5M | ||
| Q3 24 | $663.8M | $380.0M | ||
| Q2 24 | $786.7M | $399.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $548.6M | ||
| Q3 25 | $2.6B | $554.6M | ||
| Q2 25 | $2.6B | $559.6M | ||
| Q1 25 | $2.6B | $578.9M | ||
| Q4 24 | $2.7B | $587.4M | ||
| Q3 24 | $2.8B | $571.3M | ||
| Q2 24 | $2.7B | $577.4M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | — | ||
| 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 | — | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | 13.7% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $27.3M | ||
| Q3 25 | $100.8M | $-8.1M | ||
| Q2 25 | $129.6M | $40.8M | ||
| Q1 25 | $61.1M | $-9.8M | ||
| Q4 24 | $104.8M | $-7.4M | ||
| Q3 24 | $118.6M | $-30.8M | ||
| Q2 24 | $81.1M | $43.7M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $16.3M | ||
| Q3 25 | $79.2M | $-12.4M | ||
| Q2 25 | $108.9M | $33.5M | ||
| Q1 25 | $36.5M | $-16.1M | ||
| Q4 24 | $80.5M | $-10.7M | ||
| Q3 24 | $100.0M | $-35.5M | ||
| Q2 24 | $68.7M | $38.2M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 13.1% | ||
| Q3 25 | 34.9% | -14.6% | ||
| Q2 25 | 50.2% | 23.8% | ||
| Q1 25 | 17.0% | -13.9% | ||
| Q4 24 | 37.8% | -8.3% | ||
| Q3 24 | 47.0% | -40.2% | ||
| Q2 24 | 34.2% | 24.0% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 8.8% | ||
| Q3 25 | 9.5% | 5.0% | ||
| Q2 25 | 9.5% | 5.2% | ||
| Q1 25 | 11.4% | 5.4% | ||
| Q4 24 | 11.4% | 2.5% | ||
| Q3 24 | 8.7% | 5.3% | ||
| Q2 24 | 6.2% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 14.22× | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | 4.73× | ||
| Q1 25 | 2.01× | -4.68× | ||
| Q4 24 | 2.88× | -1.63× | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | 1.57× |
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% |
SWBI
Segment breakdown not available.
