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铱星通信（IRDM）与PROGRESS SOFTWARE CORP（PRGS）财务数据对比。点击上方公司名可切换其他公司
PROGRESS SOFTWARE CORP的季度营收约是铱星通信的1.2倍（$252.7M vs $219.1M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 9.9%，领先0.3%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 1.9%），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% 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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
IRDM vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.2倍
$219.1M
营收增速更快
PRGS
高出15.6%
1.9%
净利率更高
PRGS
高出0.3%
9.9%
两年增速更快
PRGS
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $252.7M |
| 净利润 | $21.6M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | 23.2% | 15.2% |
| 净利率 | 9.9% | 10.2% |
| 营收同比 | 1.9% | 17.5% |
| 净利润同比 | — | 2144.6% |
| 每股收益（稀释后） | — | $0.59 |
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IRDMPRGS
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | $252.7M | ||
| Q3 25 | $226.9M | $249.8M | ||
| Q2 25 | $216.9M | $237.4M | ||
| Q1 25 | $214.9M | $238.0M | ||
| Q4 24 | $213.0M | $215.0M | ||
| Q3 24 | $212.8M | $178.7M | ||
| Q2 24 | $201.1M | $175.1M |
净利润IRDMPRGS
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $25.7M | ||
| Q3 25 | $37.1M | $19.4M | ||
| Q2 25 | $22.0M | $17.0M | ||
| Q1 25 | $30.4M | $10.9M | ||
| Q4 24 | $36.3M | $1.1M | ||
| Q3 24 | $24.4M | $28.5M | ||
| Q2 24 | $32.3M | $16.2M |
毛利率IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | — | 81.6% | ||
| Q3 25 | — | 81.0% | ||
| Q2 25 | — | 80.1% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 83.7% | ||
| Q2 24 | — | 81.7% |
营业利润率IRDMPRGS
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 15.2% | ||
| Q3 25 | 30.9% | 17.6% | ||
| Q2 25 | 23.2% | 16.3% | ||
| Q1 25 | 28.1% | 13.6% | ||
| Q4 24 | 24.5% | 10.0% | ||
| Q3 24 | 25.8% | 22.6% | ||
| Q2 24 | 21.7% | 15.5% |
净利率IRDMPRGS
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 10.2% | ||
| Q3 25 | 16.4% | 7.8% | ||
| Q2 25 | 10.1% | 7.2% | ||
| Q1 25 | 14.2% | 4.6% | ||
| Q4 24 | 17.1% | 0.5% | ||
| Q3 24 | 11.5% | 15.9% | ||
| Q2 24 | 16.1% | 9.2% |
每股收益（稀释后）IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.59 | ||
| Q3 25 | $0.35 | $0.44 | ||
| Q2 25 | $0.20 | $0.39 | ||
| Q1 25 | $0.27 | $0.24 | ||
| Q4 24 | $0.30 | $0.01 | ||
| Q3 24 | $0.21 | $0.65 | ||
| Q2 24 | $0.27 | $0.37 |
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 | — | $94.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | — | $478.3M |
| 总资产 | — | $2.5B |
| 负债/权益比越低杠杆越低 | — | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $94.8M | ||
| Q3 25 | $88.5M | $99.0M | ||
| Q2 25 | $79.3M | $102.0M | ||
| Q1 25 | $50.9M | $124.2M | ||
| Q4 24 | $93.5M | $118.1M | ||
| Q3 24 | $159.6M | $232.7M | ||
| Q2 24 | $63.5M | $190.4M |
总债务IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $478.3M | ||
| Q3 25 | $450.5M | $477.7M | ||
| Q2 25 | $473.6M | $452.7M | ||
| Q1 25 | $518.4M | $431.8M | ||
| Q4 24 | $576.6M | $438.8M | ||
| Q3 24 | $663.8M | $425.6M | ||
| Q2 24 | $786.7M | $401.7M |
总资产IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $2.5B | ||
| Q3 25 | $2.6B | $2.4B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.7B | $2.5B | ||
| Q3 24 | $2.8B | $1.6B | ||
| Q2 24 | $2.7B | $1.6B |
负债/权益比IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 2.93× | ||
| Q3 25 | — | 2.97× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | 3.05× | 3.48× | ||
| 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 | — | $62.8M |
| 自由现金流经营现金流 - 资本支出 | — | $59.9M |
| 自由现金流率自由现金流/营收 | — | 23.7% |
| 资本支出强度资本支出/营收 | 13.7% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | — | $229.5M |
8季度趋势，按日历期对齐
经营现金流IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $62.8M | ||
| Q3 25 | $100.8M | $73.4M | ||
| Q2 25 | $129.6M | $30.0M | ||
| Q1 25 | $61.1M | $68.9M | ||
| Q4 24 | $104.8M | $19.7M | ||
| Q3 24 | $118.6M | $57.7M | ||
| Q2 24 | $81.1M | $63.7M |
自由现金流IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $59.9M | ||
| Q3 25 | $79.2M | $72.4M | ||
| Q2 25 | $108.9M | $29.5M | ||
| Q1 25 | $36.5M | $67.7M | ||
| Q4 24 | $80.5M | $16.8M | ||
| Q3 24 | $100.0M | $56.6M | ||
| Q2 24 | $68.7M | $62.7M |
自由现金流率IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 23.7% | ||
| Q3 25 | 34.9% | 29.0% | ||
| Q2 25 | 50.2% | 12.4% | ||
| Q1 25 | 17.0% | 28.4% | ||
| Q4 24 | 37.8% | 7.8% | ||
| Q3 24 | 47.0% | 31.7% | ||
| Q2 24 | 34.2% | 35.8% |
资本支出强度IRDMPRGS
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 1.1% | ||
| Q3 25 | 9.5% | 0.4% | ||
| Q2 25 | 9.5% | 0.2% | ||
| Q1 25 | 11.4% | 0.5% | ||
| Q4 24 | 11.4% | 1.3% | ||
| Q3 24 | 8.7% | 0.6% | ||
| Q2 24 | 6.2% | 0.5% |
现金转化率IRDMPRGS
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 2.44× | ||
| Q3 25 | 2.71× | 3.78× | ||
| Q2 25 | 5.90× | 1.76× | ||
| Q1 25 | 2.01× | 6.30× | ||
| Q4 24 | 2.88× | 17.13× | ||
| Q3 24 | 4.85× | 2.03× | ||
| Q2 24 | 2.51× | 3.93× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
