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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and TripAdvisor, Inc. (TRIP). Click either name above to swap in a different company.
TripAdvisor, Inc. is the larger business by last-quarter revenue ($411.0M vs $219.1M, roughly 1.9× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -9.2%, a 19.1% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs 0.0%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs 2.0%).
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...
Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.
IRDM vs TRIP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $411.0M |
| Net Profit | $21.6M | $-38.0M |
| Gross Margin | — | 91.5% |
| Operating Margin | 23.2% | -8.3% |
| Net Margin | 9.9% | -9.2% |
| Revenue YoY | 1.9% | 0.0% |
| Net Profit YoY | — | -3900.0% |
| EPS (diluted) | — | $-0.32 |
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 | $411.0M | ||
| Q3 25 | $226.9M | $553.0M | ||
| Q2 25 | $216.9M | $529.0M | ||
| Q1 25 | $214.9M | $398.0M | ||
| Q4 24 | $213.0M | $411.0M | ||
| Q3 24 | $212.8M | $532.0M | ||
| Q2 24 | $201.1M | $497.0M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-38.0M | ||
| Q3 25 | $37.1M | $53.0M | ||
| Q2 25 | $22.0M | $36.0M | ||
| Q1 25 | $30.4M | $-11.0M | ||
| Q4 24 | $36.3M | $1.0M | ||
| Q3 24 | $24.4M | $39.0M | ||
| Q2 24 | $32.3M | $24.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 93.2% | ||
| Q4 24 | — | 93.4% | ||
| Q3 24 | — | 92.5% | ||
| Q2 24 | — | 92.8% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -8.3% | ||
| Q3 25 | 30.9% | 12.7% | ||
| Q2 25 | 23.2% | 11.2% | ||
| Q1 25 | 28.1% | -3.8% | ||
| Q4 24 | 24.5% | 0.2% | ||
| Q3 24 | 25.8% | 13.2% | ||
| Q2 24 | 21.7% | 7.2% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -9.2% | ||
| Q3 25 | 16.4% | 9.6% | ||
| Q2 25 | 10.1% | 6.8% | ||
| Q1 25 | 14.2% | -2.8% | ||
| Q4 24 | 17.1% | 0.2% | ||
| Q3 24 | 11.5% | 7.3% | ||
| Q2 24 | 16.1% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-0.32 | ||
| Q3 25 | $0.35 | $0.43 | ||
| Q2 25 | $0.20 | $0.28 | ||
| Q1 25 | $0.27 | $-0.08 | ||
| Q4 24 | $0.30 | $0.03 | ||
| Q3 24 | $0.21 | $0.27 | ||
| Q2 24 | $0.27 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.0B |
| Total DebtLower is stronger | — | $819.0M |
| Stockholders' EquityBook value | — | $645.0M |
| Total Assets | — | $2.6B |
| Debt / EquityLower = less leverage | — | 1.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $1.0B | ||
| Q3 25 | $88.5M | $1.2B | ||
| Q2 25 | $79.3M | $1.2B | ||
| Q1 25 | $50.9M | $1.2B | ||
| Q4 24 | $93.5M | $1.1B | ||
| Q3 24 | $159.6M | $1.1B | ||
| Q2 24 | $63.5M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $819.0M | ||
| Q3 25 | — | $821.0M | ||
| Q2 25 | — | $822.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.8B | $831.0M | ||
| Q3 24 | — | $832.0M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $645.0M | ||
| Q3 25 | $450.5M | $707.0M | ||
| Q2 25 | $473.6M | $627.0M | ||
| Q1 25 | $518.4M | $643.0M | ||
| Q4 24 | $576.6M | $943.0M | ||
| Q3 24 | $663.8M | $944.0M | ||
| Q2 24 | $786.7M | $857.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $2.6B | ||
| Q3 25 | $2.6B | $2.8B | ||
| Q2 25 | $2.6B | $2.9B | ||
| Q1 25 | $2.6B | $2.8B | ||
| Q4 24 | $2.7B | $2.6B | ||
| Q3 24 | $2.8B | $2.7B | ||
| Q2 24 | $2.7B | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 1.27× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | 3.05× | 0.88× | ||
| Q3 24 | — | 0.88× | ||
| 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 | — | $-103.0M |
| Free Cash FlowOCF − Capex | — | $-122.0M |
| FCF MarginFCF / Revenue | — | -29.7% |
| Capex IntensityCapex / Revenue | 13.7% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $163.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-103.0M | ||
| Q3 25 | $100.8M | $44.0M | ||
| Q2 25 | $129.6M | $202.0M | ||
| Q1 25 | $61.1M | $102.0M | ||
| Q4 24 | $104.8M | $-3.0M | ||
| Q3 24 | $118.6M | $-43.0M | ||
| Q2 24 | $81.1M | $51.0M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-122.0M | ||
| Q3 25 | $79.2M | $25.0M | ||
| Q2 25 | $108.9M | $177.0M | ||
| Q1 25 | $36.5M | $83.0M | ||
| Q4 24 | $80.5M | $-26.0M | ||
| Q3 24 | $100.0M | $-63.0M | ||
| Q2 24 | $68.7M | $36.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -29.7% | ||
| Q3 25 | 34.9% | 4.5% | ||
| Q2 25 | 50.2% | 33.5% | ||
| Q1 25 | 17.0% | 20.9% | ||
| Q4 24 | 37.8% | -6.3% | ||
| Q3 24 | 47.0% | -11.8% | ||
| Q2 24 | 34.2% | 7.2% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 4.6% | ||
| Q3 25 | 9.5% | 3.4% | ||
| Q2 25 | 9.5% | 4.7% | ||
| Q1 25 | 11.4% | 4.8% | ||
| Q4 24 | 11.4% | 5.6% | ||
| Q3 24 | 8.7% | 3.8% | ||
| Q2 24 | 6.2% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | 0.83× | ||
| Q2 25 | 5.90× | 5.61× | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | -3.00× | ||
| Q3 24 | 4.85× | -1.10× | ||
| Q2 24 | 2.51× | 2.13× |
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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
