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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Teledyne Technologies (TDY). Click either name above to swap in a different company.
Teledyne Technologies is the larger business by last-quarter revenue ($1.6B vs $219.1M, roughly 7.4× Iridium Communications Inc.). Teledyne Technologies runs the higher net margin — 17.1% vs 9.9%, a 7.2% gap on every dollar of revenue. On growth, Teledyne Technologies posted the faster year-over-year revenue change (7.3% vs 1.9%). Over the past eight quarters, Teledyne Technologies's revenue compounded faster (9.3% 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...
Teledyne Technologies Incorporated is an American industrial conglomerate. It was founded in 1960, as Teledyne, Inc. by Henry Singleton and George Kozmetsky.
IRDM vs TDY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $1.6B |
| Net Profit | $21.6M | $275.6M |
| Gross Margin | — | 42.9% |
| Operating Margin | 23.2% | 20.4% |
| Net Margin | 9.9% | 17.1% |
| Revenue YoY | 1.9% | 7.3% |
| Net Profit YoY | — | 38.8% |
| EPS (diluted) | — | $5.81 |
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 | $1.6B | ||
| Q3 25 | $226.9M | $1.5B | ||
| Q2 25 | $216.9M | $1.5B | ||
| Q1 25 | $214.9M | $1.4B | ||
| Q4 24 | $213.0M | $1.5B | ||
| Q3 24 | $212.8M | $1.4B | ||
| Q2 24 | $201.1M | $1.4B |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $275.6M | ||
| Q3 25 | $37.1M | $220.7M | ||
| Q2 25 | $22.0M | $209.9M | ||
| Q1 25 | $30.4M | $188.6M | ||
| Q4 24 | $36.3M | $198.5M | ||
| Q3 24 | $24.4M | $262.0M | ||
| Q2 24 | $32.3M | $180.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 42.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 42.6% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 42.8% | ||
| Q3 24 | — | 42.9% | ||
| Q2 24 | — | 43.1% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 20.4% | ||
| Q3 25 | 30.9% | 18.4% | ||
| Q2 25 | 23.2% | 18.4% | ||
| Q1 25 | 28.1% | 17.9% | ||
| Q4 24 | 24.5% | 15.8% | ||
| Q3 24 | 25.8% | 18.8% | ||
| Q2 24 | 21.7% | 18.0% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 17.1% | ||
| Q3 25 | 16.4% | 14.3% | ||
| Q2 25 | 10.1% | 13.9% | ||
| Q1 25 | 14.2% | 13.0% | ||
| Q4 24 | 17.1% | 13.2% | ||
| Q3 24 | 11.5% | 18.2% | ||
| Q2 24 | 16.1% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $5.81 | ||
| Q3 25 | $0.35 | $4.65 | ||
| Q2 25 | $0.20 | $4.43 | ||
| Q1 25 | $0.27 | $3.99 | ||
| Q4 24 | $0.30 | $4.18 | ||
| Q3 24 | $0.21 | $5.54 | ||
| Q2 24 | $0.27 | $3.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $352.4M |
| Total DebtLower is stronger | — | $2.5B |
| Stockholders' EquityBook value | — | $10.5B |
| Total Assets | — | $15.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $352.4M | ||
| Q3 25 | $88.5M | $528.6M | ||
| Q2 25 | $79.3M | $310.9M | ||
| Q1 25 | $50.9M | $461.5M | ||
| Q4 24 | $93.5M | $649.8M | ||
| Q3 24 | $159.6M | $561.0M | ||
| Q2 24 | $63.5M | $443.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $1.8B | $2.6B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $10.5B | ||
| Q3 25 | $450.5M | $10.6B | ||
| Q2 25 | $473.6M | $10.4B | ||
| Q1 25 | $518.4M | $9.9B | ||
| Q4 24 | $576.6M | $9.5B | ||
| Q3 24 | $663.8M | $9.6B | ||
| Q2 24 | $786.7M | $9.3B |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $15.3B | ||
| Q3 25 | $2.6B | $15.4B | ||
| Q2 25 | $2.6B | $15.1B | ||
| Q1 25 | $2.6B | $15.0B | ||
| Q4 24 | $2.7B | $14.2B | ||
| Q3 24 | $2.8B | $14.5B | ||
| Q2 24 | $2.7B | $14.2B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.24× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 3.05× | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.30× |
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 | — | $379.0M |
| Free Cash FlowOCF − Capex | — | $339.2M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | 13.7% | 2.5% |
| Cash ConversionOCF / Net Profit | — | 1.38× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $379.0M | ||
| Q3 25 | $100.8M | $343.1M | ||
| Q2 25 | $129.6M | $226.6M | ||
| Q1 25 | $61.1M | $242.6M | ||
| Q4 24 | $104.8M | $332.4M | ||
| Q3 24 | $118.6M | $249.8M | ||
| Q2 24 | $81.1M | $318.7M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $339.2M | ||
| Q3 25 | $79.2M | $313.9M | ||
| Q2 25 | $108.9M | $196.3M | ||
| Q1 25 | $36.5M | $224.6M | ||
| Q4 24 | $80.5M | $303.4M | ||
| Q3 24 | $100.0M | $228.7M | ||
| Q2 24 | $68.7M | $301.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 21.0% | ||
| Q3 25 | 34.9% | 20.4% | ||
| Q2 25 | 50.2% | 13.0% | ||
| Q1 25 | 17.0% | 15.5% | ||
| Q4 24 | 37.8% | 20.2% | ||
| Q3 24 | 47.0% | 15.8% | ||
| Q2 24 | 34.2% | 21.9% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 2.5% | ||
| Q3 25 | 9.5% | 1.9% | ||
| Q2 25 | 9.5% | 2.0% | ||
| Q1 25 | 11.4% | 1.2% | ||
| Q4 24 | 11.4% | 1.9% | ||
| Q3 24 | 8.7% | 1.5% | ||
| Q2 24 | 6.2% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 1.38× | ||
| Q3 25 | 2.71× | 1.55× | ||
| Q2 25 | 5.90× | 1.08× | ||
| Q1 25 | 2.01× | 1.29× | ||
| Q4 24 | 2.88× | 1.67× | ||
| Q3 24 | 4.85× | 0.95× | ||
| Q2 24 | 2.51× | 1.77× |
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% |
TDY
| Commercial And Other | $681.5M | 42% |
| Aerospace And Defense Electronics | $275.9M | 17% |
| Marine Instrumentation | $177.1M | 11% |
| United States Government | $169.0M | 10% |
| Environmental Instrumentation | $120.7M | 7% |
| Engineered Systems | $103.3M | 6% |
| Test And Measurement Instrumentation | $84.8M | 5% |
