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铱星通信（IRDM）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）财务数据对比。点击上方公司名可切换其他公司
铱星通信的季度营收约是POWER SOLUTIONS INTERNATIONAL, INC.的1.1倍（$219.1M vs $191.2M），铱星通信净利率更高（9.9% vs 8.4%，领先1.5%），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs 1.9%），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% 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。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
IRDM vs PSIX — 直观对比
营收规模更大
IRDM
是对方的1.1倍
$191.2M
营收增速更快
PSIX
高出30.6%
1.9%
净利率更高
IRDM
高出1.5%
8.4%
两年增速更快
PSIX
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $191.2M |
| 净利润 | $21.6M | $16.1M |
| 毛利率 | — | 21.9% |
| 营业利润率 | 23.2% | 12.7% |
| 净利率 | 9.9% | 8.4% |
| 营收同比 | 1.9% | 32.5% |
| 净利润同比 | — | -31.0% |
| 每股收益（稀释后） | — | $0.69 |
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IRDMPSIX
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | $191.2M | ||
| Q3 25 | $226.9M | $203.8M | ||
| Q2 25 | $216.9M | $191.9M | ||
| Q1 25 | $214.9M | $135.4M | ||
| Q4 24 | $213.0M | $144.3M | ||
| Q3 24 | $212.8M | $125.8M | ||
| Q2 24 | $201.1M | $110.6M |
净利润IRDMPSIX
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $16.1M | ||
| Q3 25 | $37.1M | $27.6M | ||
| Q2 25 | $22.0M | $51.2M | ||
| Q1 25 | $30.4M | $19.1M | ||
| Q4 24 | $36.3M | $23.3M | ||
| Q3 24 | $24.4M | $17.3M | ||
| Q2 24 | $32.3M | $21.5M |
毛利率IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 23.9% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 31.8% |
营业利润率IRDMPSIX
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 12.7% | ||
| Q3 25 | 30.9% | 13.9% | ||
| Q2 25 | 23.2% | 16.9% | ||
| Q1 25 | 28.1% | 18.2% | ||
| Q4 24 | 24.5% | 17.5% | ||
| Q3 24 | 25.8% | 16.3% | ||
| Q2 24 | 21.7% | 22.9% |
净利率IRDMPSIX
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 8.4% | ||
| Q3 25 | 16.4% | 13.5% | ||
| Q2 25 | 10.1% | 26.7% | ||
| Q1 25 | 14.2% | 14.1% | ||
| Q4 24 | 17.1% | 16.1% | ||
| Q3 24 | 11.5% | 13.8% | ||
| Q2 24 | 16.1% | 19.5% |
每股收益（稀释后）IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.69 | ||
| Q3 25 | $0.35 | $1.20 | ||
| Q2 25 | $0.20 | $2.22 | ||
| Q1 25 | $0.27 | $0.83 | ||
| Q4 24 | $0.30 | $1.01 | ||
| Q3 24 | $0.21 | $0.75 | ||
| Q2 24 | $0.27 | $0.94 |
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 | — | $41.3M |
| 总债务越低越好 | — | $96.6M |
| 股东权益账面价值 | — | $178.6M |
| 总资产 | — | $424.7M |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $41.3M | ||
| Q3 25 | $88.5M | $49.0M | ||
| Q2 25 | $79.3M | $49.5M | ||
| Q1 25 | $50.9M | $50.0M | ||
| Q4 24 | $93.5M | $55.3M | ||
| Q3 24 | $159.6M | $40.5M | ||
| Q2 24 | $63.5M | $28.8M |
总债务IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $96.6M | ||
| Q3 25 | — | $96.7M | ||
| Q2 25 | — | $1.8M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | $1.8B | $184.0K | ||
| Q3 24 | — | $238.0K | ||
| Q2 24 | — | $292.0K |
股东权益IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $178.6M | ||
| Q3 25 | $450.5M | $162.5M | ||
| Q2 25 | $473.6M | $135.7M | ||
| Q1 25 | $518.4M | $84.3M | ||
| Q4 24 | $576.6M | $65.3M | ||
| Q3 24 | $663.8M | $42.1M | ||
| Q2 24 | $786.7M | $24.8M |
总资产IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $424.7M | ||
| Q3 25 | $2.6B | $458.9M | ||
| Q2 25 | $2.6B | $437.7M | ||
| Q1 25 | $2.6B | $372.7M | ||
| Q4 24 | $2.7B | $328.2M | ||
| Q3 24 | $2.8B | $339.1M | ||
| Q2 24 | $2.7B | $307.6M |
负债/权益比IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.54× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | 3.05× | 0.00× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× |
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 | — | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-7.6M |
| 自由现金流率自由现金流/营收 | — | -4.0% |
| 资本支出强度资本支出/营收 | 13.7% | 1.6% |
| 现金转化率经营现金流/净利润 | — | -0.29× |
| 过去12个月自由现金流最近4个季度 | — | $14.1M |
8季度趋势，按日历期对齐
经营现金流IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-4.6M | ||
| Q3 25 | $100.8M | $3.3M | ||
| Q2 25 | $129.6M | $16.7M | ||
| Q1 25 | $61.1M | $8.8M | ||
| Q4 24 | $104.8M | $32.7M | ||
| Q3 24 | $118.6M | $12.6M | ||
| Q2 24 | $81.1M | $1.5M |
自由现金流IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-7.6M | ||
| Q3 25 | $79.2M | $1.7M | ||
| Q2 25 | $108.9M | $14.6M | ||
| Q1 25 | $36.5M | $5.4M | ||
| Q4 24 | $80.5M | $30.0M | ||
| Q3 24 | $100.0M | $12.1M | ||
| Q2 24 | $68.7M | $822.0K |
自由现金流率IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -4.0% | ||
| Q3 25 | 34.9% | 0.8% | ||
| Q2 25 | 50.2% | 7.6% | ||
| Q1 25 | 17.0% | 4.0% | ||
| Q4 24 | 37.8% | 20.8% | ||
| Q3 24 | 47.0% | 9.7% | ||
| Q2 24 | 34.2% | 0.7% |
资本支出强度IRDMPSIX
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 1.6% | ||
| Q3 25 | 9.5% | 0.8% | ||
| Q2 25 | 9.5% | 1.1% | ||
| Q1 25 | 11.4% | 2.5% | ||
| Q4 24 | 11.4% | 1.8% | ||
| Q3 24 | 8.7% | 0.3% | ||
| Q2 24 | 6.2% | 0.6% |
现金转化率IRDMPSIX
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | -0.29× | ||
| Q3 25 | 2.71× | 0.12× | ||
| Q2 25 | 5.90× | 0.33× | ||
| Q1 25 | 2.01× | 0.46× | ||
| Q4 24 | 2.88× | 1.40× | ||
| Q3 24 | 4.85× | 0.73× | ||
| Q2 24 | 2.51× | 0.07× |
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% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
