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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and TRIMAS CORP (TRS). Click either name above to swap in a different company.
TRIMAS CORP is the larger business by last-quarter revenue ($256.5M vs $219.1M, roughly 1.2× Iridium Communications Inc.). TRIMAS CORP runs the higher net margin — 31.9% vs 9.9%, a 22.0% gap on every dollar of revenue. On growth, TRIMAS CORP posted the faster year-over-year revenue change (3.8% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs 3.3%).
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...
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
IRDM vs TRS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $256.5M |
| Net Profit | $21.6M | $81.7M |
| Gross Margin | — | 12.8% |
| Operating Margin | 23.2% | 5.7% |
| Net Margin | 9.9% | 31.9% |
| Revenue YoY | 1.9% | 3.8% |
| Net Profit YoY | — | 236.9% |
| EPS (diluted) | — | $2.03 |
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 | $256.5M | ||
| Q4 25 | $212.9M | $-140.0M | ||
| Q3 25 | $226.9M | $269.3M | ||
| Q2 25 | $216.9M | $274.8M | ||
| Q1 25 | $214.9M | $241.7M | ||
| Q4 24 | $213.0M | $-66.2M | ||
| Q3 24 | $212.8M | $229.4M | ||
| Q2 24 | $201.1M | $240.5M |
| Q1 26 | $21.6M | $81.7M | ||
| Q4 25 | $24.9M | $81.7M | ||
| Q3 25 | $37.1M | $9.3M | ||
| Q2 25 | $22.0M | $16.7M | ||
| Q1 25 | $30.4M | $12.4M | ||
| Q4 24 | $36.3M | $5.6M | ||
| Q3 24 | $24.4M | $2.5M | ||
| Q2 24 | $32.3M | $10.9M |
| Q1 26 | — | 12.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 13.8% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | — | 14.4% |
| Q1 26 | 23.2% | 5.7% | ||
| Q4 25 | 25.9% | — | ||
| Q3 25 | 30.9% | 6.2% | ||
| Q2 25 | 23.2% | 9.9% | ||
| Q1 25 | 28.1% | 9.0% | ||
| Q4 24 | 24.5% | — | ||
| Q3 24 | 25.8% | 3.6% | ||
| Q2 24 | 21.7% | 7.4% |
| Q1 26 | 9.9% | 31.9% | ||
| Q4 25 | 11.7% | -58.4% | ||
| Q3 25 | 16.4% | 3.5% | ||
| Q2 25 | 10.1% | 6.1% | ||
| Q1 25 | 14.2% | 5.1% | ||
| Q4 24 | 17.1% | -8.5% | ||
| Q3 24 | 11.5% | 1.1% | ||
| Q2 24 | 16.1% | 4.5% |
| Q1 26 | — | $2.03 | ||
| Q4 25 | $0.24 | $2.01 | ||
| Q3 25 | $0.35 | $0.23 | ||
| Q2 25 | $0.20 | $0.41 | ||
| Q1 25 | $0.27 | $0.30 | ||
| Q4 24 | $0.30 | $0.14 | ||
| Q3 24 | $0.21 | $0.06 | ||
| Q2 24 | $0.27 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $30.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $705.6M |
| Total Assets | — | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $30.0M | ||
| Q4 25 | $96.5M | $30.0M | ||
| Q3 25 | $88.5M | $33.6M | ||
| Q2 25 | $79.3M | $30.3M | ||
| Q1 25 | $50.9M | $32.7M | ||
| Q4 24 | $93.5M | $23.1M | ||
| Q3 24 | $159.6M | $26.9M | ||
| Q2 24 | $63.5M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $469.2M | ||
| Q3 25 | — | $407.1M | ||
| Q2 25 | — | $424.5M | ||
| Q1 25 | — | $434.2M | ||
| Q4 24 | $1.8B | $398.1M | ||
| Q3 24 | — | $409.9M | ||
| Q2 24 | — | $427.4M |
| Q1 26 | — | $705.6M | ||
| Q4 25 | $462.6M | $705.6M | ||
| Q3 25 | $450.5M | $725.0M | ||
| Q2 25 | $473.6M | $715.3M | ||
| Q1 25 | $518.4M | $686.6M | ||
| Q4 24 | $576.6M | $667.3M | ||
| Q3 24 | $663.8M | $682.8M | ||
| Q2 24 | $786.7M | $675.9M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.7B | $1.3B | ||
| Q3 24 | $2.8B | $1.4B | ||
| Q2 24 | $2.7B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.66× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | 3.05× | 0.60× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.63× |
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 | — | $117.5M |
| Free Cash FlowOCF − Capex | — | $36.8M |
| FCF MarginFCF / Revenue | — | 14.4% |
| Capex IntensityCapex / Revenue | 13.7% | 18.9% |
| Cash ConversionOCF / Net Profit | — | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $109.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $117.5M | ||
| Q4 25 | $108.6M | $41.5M | ||
| Q3 25 | $100.8M | $36.5M | ||
| Q2 25 | $129.6M | $30.3M | ||
| Q1 25 | $61.1M | $9.2M | ||
| Q4 24 | $104.8M | $27.1M | ||
| Q3 24 | $118.6M | $22.0M | ||
| Q2 24 | $81.1M | $18.4M |
| Q1 26 | — | $36.8M | ||
| Q4 25 | $75.1M | $36.8M | ||
| Q3 25 | $79.2M | $22.8M | ||
| Q2 25 | $108.9M | $13.2M | ||
| Q1 25 | $36.5M | $-3.8M | ||
| Q4 24 | $80.5M | $12.1M | ||
| Q3 24 | $100.0M | $10.2M | ||
| Q2 24 | $68.7M | $7.5M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | 35.3% | -26.3% | ||
| Q3 25 | 34.9% | 8.5% | ||
| Q2 25 | 50.2% | 4.8% | ||
| Q1 25 | 17.0% | -1.6% | ||
| Q4 24 | 37.8% | -18.3% | ||
| Q3 24 | 47.0% | 4.4% | ||
| Q2 24 | 34.2% | 3.1% |
| Q1 26 | 13.7% | 18.9% | ||
| Q4 25 | 15.7% | -3.4% | ||
| Q3 25 | 9.5% | 5.1% | ||
| Q2 25 | 9.5% | 6.2% | ||
| Q1 25 | 11.4% | 5.4% | ||
| Q4 24 | 11.4% | -22.6% | ||
| Q3 24 | 8.7% | 5.2% | ||
| Q2 24 | 6.2% | 4.5% |
| Q1 26 | — | 1.44× | ||
| Q4 25 | 4.37× | 0.51× | ||
| Q3 25 | 2.71× | 3.92× | ||
| Q2 25 | 5.90× | 1.81× | ||
| Q1 25 | 2.01× | 0.74× | ||
| Q4 24 | 2.88× | 4.80× | ||
| Q3 24 | 4.85× | 8.71× | ||
| Q2 24 | 2.51× | 1.68× |
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% |
TRS
Segment breakdown not available.
