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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and TENNANT CO (TNC). Click either name above to swap in a different company.

TENNANT CO is the larger business by last-quarter revenue ($291.6M vs $219.1M, roughly 1.3× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -1.5%, a 11.4% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -11.3%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -3.2%).

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...

The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.

IRDM vs TNC — Head-to-Head

Bigger by revenue
TNC
TNC
1.3× larger
TNC
$291.6M
$219.1M
IRDM
Growing faster (revenue YoY)
IRDM
IRDM
+13.3% gap
IRDM
1.9%
-11.3%
TNC
Higher net margin
IRDM
IRDM
11.4% more per $
IRDM
9.9%
-1.5%
TNC
Faster 2-yr revenue CAGR
IRDM
IRDM
Annualised
IRDM
4.4%
-3.2%
TNC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRDM
IRDM
TNC
TNC
Revenue
$219.1M
$291.6M
Net Profit
$21.6M
$-4.4M
Gross Margin
34.6%
Operating Margin
23.2%
-1.4%
Net Margin
9.9%
-1.5%
Revenue YoY
1.9%
-11.3%
Net Profit YoY
-166.7%
EPS (diluted)
$-0.21

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.

Revenue
IRDM
IRDM
TNC
TNC
Q1 26
$219.1M
Q4 25
$212.9M
$291.6M
Q3 25
$226.9M
$303.3M
Q2 25
$216.9M
$318.6M
Q1 25
$214.9M
$290.0M
Q4 24
$213.0M
$328.9M
Q3 24
$212.8M
$315.8M
Q2 24
$201.1M
$331.0M
Net Profit
IRDM
IRDM
TNC
TNC
Q1 26
$21.6M
Q4 25
$24.9M
$-4.4M
Q3 25
$37.1M
$14.9M
Q2 25
$22.0M
$20.2M
Q1 25
$30.4M
$13.1M
Q4 24
$36.3M
$6.6M
Q3 24
$24.4M
$20.8M
Q2 24
$32.3M
$27.9M
Gross Margin
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
34.6%
Q3 25
42.7%
Q2 25
42.1%
Q1 25
41.4%
Q4 24
41.3%
Q3 24
42.4%
Q2 24
43.1%
Operating Margin
IRDM
IRDM
TNC
TNC
Q1 26
23.2%
Q4 25
25.9%
-1.4%
Q3 25
30.9%
7.4%
Q2 25
23.2%
9.6%
Q1 25
28.1%
6.8%
Q4 24
24.5%
2.3%
Q3 24
25.8%
9.7%
Q2 24
21.7%
11.7%
Net Margin
IRDM
IRDM
TNC
TNC
Q1 26
9.9%
Q4 25
11.7%
-1.5%
Q3 25
16.4%
4.9%
Q2 25
10.1%
6.3%
Q1 25
14.2%
4.5%
Q4 24
17.1%
2.0%
Q3 24
11.5%
6.6%
Q2 24
16.1%
8.4%
EPS (diluted)
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
$0.24
$-0.21
Q3 25
$0.35
$0.80
Q2 25
$0.20
$1.08
Q1 25
$0.27
$0.69
Q4 24
$0.30
$0.35
Q3 24
$0.21
$1.09
Q2 24
$0.27
$1.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IRDM
IRDM
TNC
TNC
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$273.2M
Stockholders' EquityBook value
$601.6M
Total Assets
$1.3B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
$96.5M
Q3 25
$88.5M
Q2 25
$79.3M
Q1 25
$50.9M
Q4 24
$93.5M
Q3 24
$159.6M
Q2 24
$63.5M
Total Debt
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
$1.8B
$273.2M
Q3 25
$238.3M
Q2 25
$213.4M
Q1 25
$213.3M
Q4 24
$1.8B
$198.2M
Q3 24
$208.6M
Q2 24
$205.6M
Stockholders' Equity
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
$462.6M
$601.6M
Q3 25
$450.5M
$640.9M
Q2 25
$473.6M
$651.9M
Q1 25
$518.4M
$624.4M
Q4 24
$576.6M
$620.8M
Q3 24
$663.8M
$647.2M
Q2 24
$786.7M
$624.6M
Total Assets
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
$2.5B
$1.3B
Q3 25
$2.6B
$1.3B
Q2 25
$2.6B
$1.2B
Q1 25
$2.6B
$1.2B
Q4 24
$2.7B
$1.2B
Q3 24
$2.8B
$1.2B
Q2 24
$2.7B
$1.2B
Debt / Equity
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
3.80×
0.45×
Q3 25
0.37×
Q2 25
0.33×
Q1 25
0.34×
Q4 24
3.05×
0.32×
Q3 24
0.32×
Q2 24
0.33×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IRDM
IRDM
TNC
TNC
Operating Cash FlowLast quarter
$14.2M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
3.3%
Capex IntensityCapex / Revenue
13.7%
1.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
$108.6M
$14.2M
Q3 25
$100.8M
$28.7M
Q2 25
$129.6M
$22.5M
Q1 25
$61.1M
$-400.0K
Q4 24
$104.8M
$37.5M
Q3 24
$118.6M
$30.7M
Q2 24
$81.1M
$18.6M
Free Cash Flow
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
$75.1M
$9.7M
Q3 25
$79.2M
$22.3M
Q2 25
$108.9M
$18.7M
Q1 25
$36.5M
$-7.4M
Q4 24
$80.5M
$28.1M
Q3 24
$100.0M
$26.4M
Q2 24
$68.7M
$14.4M
FCF Margin
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
35.3%
3.3%
Q3 25
34.9%
7.4%
Q2 25
50.2%
5.9%
Q1 25
17.0%
-2.6%
Q4 24
37.8%
8.5%
Q3 24
47.0%
8.4%
Q2 24
34.2%
4.4%
Capex Intensity
IRDM
IRDM
TNC
TNC
Q1 26
13.7%
Q4 25
15.7%
1.5%
Q3 25
9.5%
2.1%
Q2 25
9.5%
1.2%
Q1 25
11.4%
2.4%
Q4 24
11.4%
2.9%
Q3 24
8.7%
1.4%
Q2 24
6.2%
1.3%
Cash Conversion
IRDM
IRDM
TNC
TNC
Q1 26
Q4 25
4.37×
Q3 25
2.71×
1.93×
Q2 25
5.90×
1.11×
Q1 25
2.01×
-0.03×
Q4 24
2.88×
5.68×
Q3 24
4.85×
1.48×
Q2 24
2.51×
0.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IRDM
IRDM

Voice and data$57.4M26%
IoT data (2)$46.0M21%
Government$39.5M18%
Government service revenue (5)$27.6M13%
Subscriber equipment$20.2M9%
Hosted payload and other data service (4)$14.8M7%
Broadband (3)$12.2M6%
Commercial$1.3M1%

TNC
TNC

Equipment Sales$165.5M57%
Parts And Consumables$69.1M24%
Service And Other$57.0M20%

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