vs
Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
EXPRO GROUP HOLDINGS N.V. is the larger business by last-quarter revenue ($382.1M vs $219.1M, roughly 1.7× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 1.5%, a 8.3% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -12.5%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -0.2%).
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...
Expro is an energy services provider headquartered in Houston, Texas, United States.
IRDM vs XPRO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $382.1M |
| Net Profit | $21.6M | $5.8M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | 3.1% |
| Net Margin | 9.9% | 1.5% |
| Revenue YoY | 1.9% | -12.5% |
| Net Profit YoY | — | -74.9% |
| EPS (diluted) | — | $0.05 |
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 | $382.1M | ||
| Q3 25 | $226.9M | $411.4M | ||
| Q2 25 | $216.9M | $422.7M | ||
| Q1 25 | $214.9M | $390.9M | ||
| Q4 24 | $213.0M | $436.8M | ||
| Q3 24 | $212.8M | $422.8M | ||
| Q2 24 | $201.1M | $469.6M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $5.8M | ||
| Q3 25 | $37.1M | $14.0M | ||
| Q2 25 | $22.0M | $18.0M | ||
| Q1 25 | $30.4M | $13.9M | ||
| Q4 24 | $36.3M | $23.0M | ||
| Q3 24 | $24.4M | $16.3M | ||
| Q2 24 | $32.3M | $15.3M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 3.1% | ||
| Q3 25 | 30.9% | 6.4% | ||
| Q2 25 | 23.2% | 7.7% | ||
| Q1 25 | 28.1% | 2.6% | ||
| Q4 24 | 24.5% | 7.3% | ||
| Q3 24 | 25.8% | 6.2% | ||
| Q2 24 | 21.7% | 5.9% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 1.5% | ||
| Q3 25 | 16.4% | 3.4% | ||
| Q2 25 | 10.1% | 4.3% | ||
| Q1 25 | 14.2% | 3.6% | ||
| Q4 24 | 17.1% | 5.3% | ||
| Q3 24 | 11.5% | 3.8% | ||
| Q2 24 | 16.1% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.05 | ||
| Q3 25 | $0.35 | $0.12 | ||
| Q2 25 | $0.20 | $0.16 | ||
| Q1 25 | $0.27 | $0.12 | ||
| Q4 24 | $0.30 | $0.20 | ||
| Q3 24 | $0.21 | $0.14 | ||
| Q2 24 | $0.27 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $196.1M |
| Total DebtLower is stronger | — | $79.1M |
| Stockholders' EquityBook value | — | $1.5B |
| Total Assets | — | $2.3B |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $196.1M | ||
| Q3 25 | $88.5M | $197.9M | ||
| Q2 25 | $79.3M | $206.8M | ||
| Q1 25 | $50.9M | $179.3M | ||
| Q4 24 | $93.5M | $183.0M | ||
| Q3 24 | $159.6M | $165.7M | ||
| Q2 24 | $63.5M | $133.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | $1.8B | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $1.5B | ||
| Q3 25 | $450.5M | $1.5B | ||
| Q2 25 | $473.6M | $1.5B | ||
| Q1 25 | $518.4M | $1.5B | ||
| Q4 24 | $576.6M | $1.5B | ||
| Q3 24 | $663.8M | $1.5B | ||
| Q2 24 | $786.7M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $2.3B | ||
| Q3 25 | $2.6B | $2.3B | ||
| Q2 25 | $2.6B | $2.3B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.7B | $2.3B | ||
| Q3 24 | $2.8B | $2.3B | ||
| Q2 24 | $2.7B | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 3.05× | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× |
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 | — | $57.1M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 6.1% |
| Capex IntensityCapex / Revenue | 13.7% | 8.9% |
| Cash ConversionOCF / Net Profit | — | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | — | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $57.1M | ||
| Q3 25 | $100.8M | $63.2M | ||
| Q2 25 | $129.6M | $48.4M | ||
| Q1 25 | $61.1M | $41.5M | ||
| Q4 24 | $104.8M | $97.4M | ||
| Q3 24 | $118.6M | $55.3M | ||
| Q2 24 | $81.1M | $-13.2M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $23.2M | ||
| Q3 25 | $79.2M | $39.0M | ||
| Q2 25 | $108.9M | $27.2M | ||
| Q1 25 | $36.5M | $8.4M | ||
| Q4 24 | $80.5M | $53.0M | ||
| Q3 24 | $100.0M | $23.3M | ||
| Q2 24 | $68.7M | $-49.5M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 6.1% | ||
| Q3 25 | 34.9% | 9.5% | ||
| Q2 25 | 50.2% | 6.4% | ||
| Q1 25 | 17.0% | 2.1% | ||
| Q4 24 | 37.8% | 12.1% | ||
| Q3 24 | 47.0% | 5.5% | ||
| Q2 24 | 34.2% | -10.5% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 8.9% | ||
| Q3 25 | 9.5% | 5.9% | ||
| Q2 25 | 9.5% | 5.0% | ||
| Q1 25 | 11.4% | 8.5% | ||
| Q4 24 | 11.4% | 10.2% | ||
| Q3 24 | 8.7% | 7.6% | ||
| Q2 24 | 6.2% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 9.89× | ||
| Q3 25 | 2.71× | 4.52× | ||
| Q2 25 | 5.90× | 2.69× | ||
| Q1 25 | 2.01× | 2.98× | ||
| Q4 24 | 2.88× | 4.23× | ||
| Q3 24 | 4.85× | 3.40× | ||
| Q2 24 | 2.51× | -0.86× |
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% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
