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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $219.1M, roughly 1.1× Iridium Communications Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 9.9%, a 0.8% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs 1.9%). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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...
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
IRDM vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $245.3M |
| Net Profit | $21.6M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 23.2% | 18.3% |
| Net Margin | 9.9% | 10.6% |
| Revenue YoY | 1.9% | 2.4% |
| Net Profit YoY | — | -44.5% |
| EPS (diluted) | — | $0.57 |
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 | $245.3M | ||
| Q3 25 | $226.9M | $260.5M | ||
| Q2 25 | $216.9M | $255.5M | ||
| Q1 25 | $214.9M | $222.3M | ||
| Q4 24 | $213.0M | $239.6M | ||
| Q3 24 | $212.8M | $238.3M | ||
| Q2 24 | $201.1M | $219.7M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $26.1M | ||
| Q3 25 | $37.1M | $47.2M | ||
| Q2 25 | $22.0M | $44.1M | ||
| Q1 25 | $30.4M | $42.2M | ||
| Q4 24 | $36.3M | $47.0M | ||
| Q3 24 | $24.4M | $49.5M | ||
| Q2 24 | $32.3M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 18.3% | ||
| Q3 25 | 30.9% | 25.1% | ||
| Q2 25 | 23.2% | 24.0% | ||
| Q1 25 | 28.1% | 26.7% | ||
| Q4 24 | 24.5% | 28.0% | ||
| Q3 24 | 25.8% | 28.4% | ||
| Q2 24 | 21.7% | 23.3% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 10.6% | ||
| Q3 25 | 16.4% | 18.1% | ||
| Q2 25 | 10.1% | 17.3% | ||
| Q1 25 | 14.2% | 19.0% | ||
| Q4 24 | 17.1% | 19.6% | ||
| Q3 24 | 11.5% | 20.8% | ||
| Q2 24 | 16.1% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.57 | ||
| Q3 25 | $0.35 | $1.01 | ||
| Q2 25 | $0.20 | $0.94 | ||
| Q1 25 | $0.27 | $0.90 | ||
| Q4 24 | $0.30 | $1.00 | ||
| Q3 24 | $0.21 | $1.05 | ||
| Q2 24 | $0.27 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | — | $713.1M |
| Total Assets | — | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $104.1M | ||
| Q3 25 | $88.5M | $127.1M | ||
| Q2 25 | $79.3M | $140.9M | ||
| Q1 25 | $50.9M | $160.2M | ||
| Q4 24 | $93.5M | $137.5M | ||
| Q3 24 | $159.6M | $124.8M | ||
| Q2 24 | $63.5M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | $1.8B | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $713.1M | ||
| Q3 25 | $450.5M | $764.0M | ||
| Q2 25 | $473.6M | $736.0M | ||
| Q1 25 | $518.4M | $685.1M | ||
| Q4 24 | $576.6M | $631.2M | ||
| Q3 24 | $663.8M | $613.3M | ||
| Q2 24 | $786.7M | $574.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.6B | $1.2B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.7B | $1.0B | ||
| Q3 24 | $2.8B | $996.3M | ||
| Q2 24 | $2.7B | $942.5M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 3.05× | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× |
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 | — | $31.0M |
| Free Cash FlowOCF − Capex | — | $11.4M |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | 13.7% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $31.0M | ||
| Q3 25 | $100.8M | $40.0M | ||
| Q2 25 | $129.6M | $17.9M | ||
| Q1 25 | $61.1M | $46.9M | ||
| Q4 24 | $104.8M | $61.1M | ||
| Q3 24 | $118.6M | $41.5M | ||
| Q2 24 | $81.1M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $11.4M | ||
| Q3 25 | $79.2M | $21.2M | ||
| Q2 25 | $108.9M | $-14.7M | ||
| Q1 25 | $36.5M | $16.5M | ||
| Q4 24 | $80.5M | $35.4M | ||
| Q3 24 | $100.0M | $17.8M | ||
| Q2 24 | $68.7M | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 4.7% | ||
| Q3 25 | 34.9% | 8.2% | ||
| Q2 25 | 50.2% | -5.7% | ||
| Q1 25 | 17.0% | 7.4% | ||
| Q4 24 | 37.8% | 14.8% | ||
| Q3 24 | 47.0% | 7.5% | ||
| Q2 24 | 34.2% | 6.5% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 8.0% | ||
| Q3 25 | 9.5% | 7.2% | ||
| Q2 25 | 9.5% | 12.7% | ||
| Q1 25 | 11.4% | 13.7% | ||
| Q4 24 | 11.4% | 10.7% | ||
| Q3 24 | 8.7% | 9.9% | ||
| Q2 24 | 6.2% | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 1.19× | ||
| Q3 25 | 2.71× | 0.85× | ||
| Q2 25 | 5.90× | 0.41× | ||
| Q1 25 | 2.01× | 1.11× | ||
| Q4 24 | 2.88× | 1.30× | ||
| Q3 24 | 4.85× | 0.84× | ||
| Q2 24 | 2.51× | 0.98× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
