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铱星通信（IRDM）与MACOM Technology Solutions Holdings, Inc.（MTSI）财务数据对比。点击上方公司名可切换其他公司
MACOM Technology Solutions Holdings, Inc.的季度营收约是铱星通信的1.2倍（$271.6M vs $219.1M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs 9.9%，领先8.1%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs 1.9%），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% vs 4.4%）
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
IRDM vs MTSI — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $271.6M |
| 净利润 | $21.6M | $48.8M |
| 毛利率 | — | 55.9% |
| 营业利润率 | 23.2% | 15.9% |
| 净利率 | 9.9% | 18.0% |
| 营收同比 | 1.9% | 24.5% |
| 净利润同比 | — | 129.1% |
| 每股收益（稀释后） | — | $0.64 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q1 26 | $219.1M | $271.6M | ||
| Q4 25 | $212.9M | $261.2M | ||
| Q3 25 | $226.9M | $252.1M | ||
| Q2 25 | $216.9M | $235.9M | ||
| Q1 25 | $214.9M | $218.1M | ||
| Q4 24 | $213.0M | — | ||
| Q3 24 | $212.8M | $200.7M | ||
| Q2 24 | $201.1M | $190.5M |
| Q1 26 | $21.6M | $48.8M | ||
| Q4 25 | $24.9M | $45.1M | ||
| Q3 25 | $37.1M | $36.5M | ||
| Q2 25 | $22.0M | $31.7M | ||
| Q1 25 | $30.4M | $-167.5M | ||
| Q4 24 | $36.3M | — | ||
| Q3 24 | $24.4M | $29.4M | ||
| Q2 24 | $32.3M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | — | 54.5% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 54.7% | ||
| Q2 24 | — | 53.2% |
| Q1 26 | 23.2% | 15.9% | ||
| Q4 25 | 25.9% | 15.2% | ||
| Q3 25 | 30.9% | 14.9% | ||
| Q2 25 | 23.2% | 14.8% | ||
| Q1 25 | 28.1% | 8.0% | ||
| Q4 24 | 24.5% | — | ||
| Q3 24 | 25.8% | 13.7% | ||
| Q2 24 | 21.7% | 10.4% |
| Q1 26 | 9.9% | 18.0% | ||
| Q4 25 | 11.7% | 17.3% | ||
| Q3 25 | 16.4% | 14.5% | ||
| Q2 25 | 10.1% | 13.4% | ||
| Q1 25 | 14.2% | -76.8% | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | 11.5% | 14.7% | ||
| Q2 24 | 16.1% | 10.5% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.24 | $0.67 | ||
| Q3 25 | $0.35 | $0.48 | ||
| Q2 25 | $0.20 | $0.42 | ||
| Q1 25 | $0.27 | $-2.30 | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.21 | $0.40 | ||
| Q2 24 | $0.27 | $0.27 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $768.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $1.4B |
| 总资产 | — | $2.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $768.5M | ||
| Q4 25 | $96.5M | $786.0M | ||
| Q3 25 | $88.5M | $735.2M | ||
| Q2 25 | $79.3M | $681.5M | ||
| Q1 25 | $50.9M | $656.5M | ||
| Q4 24 | $93.5M | — | ||
| Q3 24 | $159.6M | $581.9M | ||
| Q2 24 | $63.5M | $521.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $462.6M | $1.3B | ||
| Q3 25 | $450.5M | $1.3B | ||
| Q2 25 | $473.6M | $1.2B | ||
| Q1 25 | $518.4M | $1.2B | ||
| Q4 24 | $576.6M | — | ||
| Q3 24 | $663.8M | $1.1B | ||
| Q2 24 | $786.7M | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.6B | $2.0B | ||
| Q2 25 | $2.6B | $1.9B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.7B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $42.9M |
| 自由现金流经营现金流 - 资本支出 | — | $30.0M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | 13.7% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $42.9M | ||
| Q4 25 | $108.6M | $69.6M | ||
| Q3 25 | $100.8M | $60.4M | ||
| Q2 25 | $129.6M | $38.7M | ||
| Q1 25 | $61.1M | $66.7M | ||
| Q4 24 | $104.8M | — | ||
| Q3 24 | $118.6M | $62.3M | ||
| Q2 24 | $81.1M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | $75.1M | $49.4M | ||
| Q3 25 | $79.2M | $51.6M | ||
| Q2 25 | $108.9M | $30.5M | ||
| Q1 25 | $36.5M | $61.3M | ||
| Q4 24 | $80.5M | — | ||
| Q3 24 | $100.0M | $57.1M | ||
| Q2 24 | $68.7M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 35.3% | 18.9% | ||
| Q3 25 | 34.9% | 20.5% | ||
| Q2 25 | 50.2% | 12.9% | ||
| Q1 25 | 17.0% | 28.1% | ||
| Q4 24 | 37.8% | — | ||
| Q3 24 | 47.0% | 28.5% | ||
| Q2 24 | 34.2% | 21.8% |
| Q1 26 | 13.7% | 4.8% | ||
| Q4 25 | 15.7% | 7.7% | ||
| Q3 25 | 9.5% | 3.5% | ||
| Q2 25 | 9.5% | 3.5% | ||
| Q1 25 | 11.4% | 2.4% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 8.7% | 2.6% | ||
| Q2 24 | 6.2% | 3.9% |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 4.37× | 1.54× | ||
| Q3 25 | 2.71× | 1.65× | ||
| Q2 25 | 5.90× | 1.22× | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | — | ||
| Q3 24 | 4.85× | 2.12× | ||
| Q2 24 | 2.51× | 2.46× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
