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铱星通信（IRDM）与ONESPAWORLD HOLDINGS Ltd（OSW）财务数据对比。点击上方公司名可切换其他公司
ONESPAWORLD HOLDINGS Ltd的季度营收约是铱星通信的1.1倍（$242.1M vs $219.1M），铱星通信净利率更高（9.9% vs 5.0%，领先4.9%），ONESPAWORLD HOLDINGS Ltd同比增速更快（11.5% vs 1.9%），过去两年ONESPAWORLD HOLDINGS Ltd的营收复合增速更高（7.1% 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。
IRDM vs OSW — 直观对比
营收规模更大
OSW
是对方的1.1倍
$219.1M
营收增速更快
OSW
高出9.5%
1.9%
净利率更高
IRDM
高出4.9%
5.0%
两年增速更快
OSW
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $242.1M |
| 净利润 | $21.6M | $12.1M |
| 毛利率 | — | — |
| 营业利润率 | 23.2% | 6.8% |
| 净利率 | 9.9% | 5.0% |
| 营收同比 | 1.9% | 11.5% |
| 净利润同比 | — | -16.2% |
| 每股收益（稀释后） | — | $0.12 |
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
营收IRDMOSW
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | $242.1M | ||
| Q3 25 | $226.9M | $258.5M | ||
| Q2 25 | $216.9M | $240.7M | ||
| Q1 25 | $214.9M | $219.6M | ||
| Q4 24 | $213.0M | $217.2M | ||
| Q3 24 | $212.8M | $241.7M | ||
| Q2 24 | $201.1M | $224.9M |
净利润IRDMOSW
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $12.1M | ||
| Q3 25 | $37.1M | $24.3M | ||
| Q2 25 | $22.0M | $19.9M | ||
| Q1 25 | $30.4M | $15.3M | ||
| Q4 24 | $36.3M | $14.4M | ||
| Q3 24 | $24.4M | $21.6M | ||
| Q2 24 | $32.3M | $15.8M |
营业利润率IRDMOSW
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 6.8% | ||
| Q3 25 | 30.9% | 10.2% | ||
| Q2 25 | 23.2% | 9.2% | ||
| Q1 25 | 28.1% | 7.7% | ||
| Q4 24 | 24.5% | 7.9% | ||
| Q3 24 | 25.8% | 10.3% | ||
| Q2 24 | 21.7% | 8.4% |
净利率IRDMOSW
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 5.0% | ||
| Q3 25 | 16.4% | 9.4% | ||
| Q2 25 | 10.1% | 8.3% | ||
| Q1 25 | 14.2% | 7.0% | ||
| Q4 24 | 17.1% | 6.6% | ||
| Q3 24 | 11.5% | 8.9% | ||
| Q2 24 | 16.1% | 7.0% |
每股收益（稀释后）IRDMOSW
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.12 | ||
| Q3 25 | $0.35 | $0.23 | ||
| Q2 25 | $0.20 | $0.19 | ||
| Q1 25 | $0.27 | $0.15 | ||
| Q4 24 | $0.30 | $0.13 | ||
| Q3 24 | $0.21 | $0.20 | ||
| Q2 24 | $0.27 | $0.15 |
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 | — | $16.3M |
| 总债务越低越好 | — | $84.0M |
| 股东权益账面价值 | — | $542.6M |
| 总资产 | — | $707.1M |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资IRDMOSW
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $16.3M | ||
| Q3 25 | $88.5M | $29.6M | ||
| Q2 25 | $79.3M | $35.0M | ||
| Q1 25 | $50.9M | $22.6M | ||
| Q4 24 | $93.5M | $57.4M | ||
| Q3 24 | $159.6M | $48.8M | ||
| Q2 24 | $63.5M | $62.5M |
总债务IRDMOSW
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | $1.8B | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M |
股东权益IRDMOSW
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $542.6M | ||
| Q3 25 | $450.5M | $552.8M | ||
| Q2 25 | $473.6M | $548.3M | ||
| Q1 25 | $518.4M | $530.6M | ||
| Q4 24 | $576.6M | $554.5M | ||
| Q3 24 | $663.8M | $540.1M | ||
| Q2 24 | $786.7M | $532.7M |
总资产IRDMOSW
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $707.1M | ||
| Q3 25 | $2.6B | $732.6M | ||
| Q2 25 | $2.6B | $731.8M | ||
| Q1 25 | $2.6B | $708.7M | ||
| Q4 24 | $2.7B | $746.4M | ||
| Q3 24 | $2.8B | $734.0M | ||
| Q2 24 | $2.7B | $756.8M |
负债/权益比IRDMOSW
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | 3.05× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× |
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 | — | $20.0M |
| 自由现金流经营现金流 - 资本支出 | — | $14.9M |
| 自由现金流率自由现金流/营收 | — | 6.2% |
| 资本支出强度资本支出/营收 | 13.7% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $68.4M |
8季度趋势，按日历期对齐
经营现金流IRDMOSW
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $20.0M | ||
| Q3 25 | $100.8M | $33.2M | ||
| Q2 25 | $129.6M | $20.3M | ||
| Q1 25 | $61.1M | $10.1M | ||
| Q4 24 | $104.8M | $16.6M | ||
| Q3 24 | $118.6M | $28.6M | ||
| Q2 24 | $81.1M | $18.7M |
自由现金流IRDMOSW
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $14.9M | ||
| Q3 25 | $79.2M | $27.6M | ||
| Q2 25 | $108.9M | $17.6M | ||
| Q1 25 | $36.5M | $8.4M | ||
| Q4 24 | $80.5M | $13.2M | ||
| Q3 24 | $100.0M | $27.5M | ||
| Q2 24 | $68.7M | $17.6M |
自由现金流率IRDMOSW
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 6.2% | ||
| Q3 25 | 34.9% | 10.7% | ||
| Q2 25 | 50.2% | 7.3% | ||
| Q1 25 | 17.0% | 3.8% | ||
| Q4 24 | 37.8% | 6.1% | ||
| Q3 24 | 47.0% | 11.4% | ||
| Q2 24 | 34.2% | 7.8% |
资本支出强度IRDMOSW
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 2.1% | ||
| Q3 25 | 9.5% | 2.2% | ||
| Q2 25 | 9.5% | 1.1% | ||
| Q1 25 | 11.4% | 0.8% | ||
| Q4 24 | 11.4% | 1.5% | ||
| Q3 24 | 8.7% | 0.5% | ||
| Q2 24 | 6.2% | 0.5% |
现金转化率IRDMOSW
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 1.65× | ||
| Q3 25 | 2.71× | 1.36× | ||
| Q2 25 | 5.90× | 1.02× | ||
| Q1 25 | 2.01× | 0.66× | ||
| Q4 24 | 2.88× | 1.15× | ||
| Q3 24 | 4.85× | 1.33× | ||
| Q2 24 | 2.51× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
