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铱星通信（IRDM）与Spire Global, Inc.（SPIR）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Spire Global, Inc.的13.8倍（$219.1M vs $15.8M）。铱星通信净利率更高（9.9% vs -176.6%，领先186.5%）。铱星通信同比增速更快（1.9% vs -26.9%）。过去两年铱星通信的营收复合增速更高（4.4% vs -32.6%）
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。
Spire Global, Inc.是一家天基云数据与分析服务企业，核心业务依托由大量纳米卫星组成的卫星星座，提供覆盖全球的多领域数据集追踪服务，具体包含船舶航运追踪、航空航行监控以及气象模式观测等相关业务，服务覆盖全球范围。
IRDM vs SPIR — 直观对比
营收规模更大
IRDM
是对方的13.8倍
$15.8M
营收增速更快
IRDM
高出28.9%
-26.9%
净利率更高
IRDM
高出186.5%
-176.6%
两年增速更快
IRDM
近两年复合增速
-32.6%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $15.8M |
| 净利润 | $21.6M | $-28.0M |
| 毛利率 | — | 40.2% |
| 营业利润率 | 23.2% | -164.1% |
| 净利率 | 9.9% | -176.6% |
| 营收同比 | 1.9% | -26.9% |
| 净利润同比 | -29.0% | 42.7% |
| 每股收益（稀释后） | — | $-0.85 |
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IRDMSPIR
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | $15.8M | ||
| Q3 25 | $226.9M | $12.7M | ||
| Q2 25 | $216.9M | $19.2M | ||
| Q1 25 | $214.9M | $23.9M | ||
| Q4 24 | $213.0M | $21.7M | ||
| Q3 24 | $212.8M | $28.6M | ||
| Q2 24 | $201.1M | $25.4M |
净利润IRDMSPIR
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-28.0M | ||
| Q3 25 | $37.1M | $-19.7M | ||
| Q2 25 | $22.0M | $119.6M | ||
| Q1 25 | $30.4M | $-20.7M | ||
| Q4 24 | $36.3M | $-48.8M | ||
| Q3 24 | $24.4M | $-12.5M | ||
| Q2 24 | $32.3M | $-16.6M |
毛利率IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% |
营业利润率IRDMSPIR
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -164.1% | ||
| Q3 25 | 30.9% | -166.1% | ||
| Q2 25 | 23.2% | -122.7% | ||
| Q1 25 | 28.1% | -106.5% | ||
| Q4 24 | 24.5% | -144.1% | ||
| Q3 24 | 25.8% | -48.0% | ||
| Q2 24 | 21.7% | -48.6% |
净利率IRDMSPIR
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -176.6% | ||
| Q3 25 | 16.4% | -155.3% | ||
| Q2 25 | 10.1% | 623.4% | ||
| Q1 25 | 14.2% | -86.5% | ||
| Q4 24 | 17.1% | -225.2% | ||
| Q3 24 | 11.5% | -43.7% | ||
| Q2 24 | 16.1% | -65.2% |
每股收益（稀释后）IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-0.85 | ||
| Q3 25 | $0.35 | $-0.61 | ||
| Q2 25 | $0.20 | $3.72 | ||
| Q1 25 | $0.27 | $-0.77 | ||
| Q4 24 | $0.30 | $-1.93 | ||
| Q3 24 | $0.21 | $-0.50 | ||
| Q2 24 | $0.27 | $-0.68 |
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 | — | $81.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $112.9M |
| 总资产 | — | $211.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $81.8M | ||
| Q3 25 | $88.5M | $96.8M | ||
| Q2 25 | $79.3M | $117.6M | ||
| Q1 25 | $50.9M | $35.9M | ||
| Q4 24 | $93.5M | $19.2M | ||
| Q3 24 | $159.6M | $36.6M | ||
| Q2 24 | $63.5M | $45.8M |
总债务IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | $1.8B | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M |
股东权益IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $112.9M | ||
| Q3 25 | $450.5M | $133.1M | ||
| Q2 25 | $473.6M | $149.2M | ||
| Q1 25 | $518.4M | $3.7M | ||
| Q4 24 | $576.6M | $-11.7M | ||
| Q3 24 | $663.8M | $30.8M | ||
| Q2 24 | $786.7M | $40.3M |
总资产IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $211.0M | ||
| Q3 25 | $2.6B | $224.3M | ||
| Q2 25 | $2.6B | $239.5M | ||
| Q1 25 | $2.6B | $208.8M | ||
| Q4 24 | $2.7B | $193.6M | ||
| Q3 24 | $2.8B | $224.2M | ||
| Q2 24 | $2.7B | $230.8M |
负债/权益比IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× |
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 | — | $-4.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-16.2M |
| 自由现金流率自由现金流/营收 | — | -102.1% |
| 资本支出强度资本支出/营收 | 13.7% | 75.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-92.6M |
8季度趋势，按日历期对齐
经营现金流IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-4.3M | ||
| Q3 25 | $100.8M | $-12.0M | ||
| Q2 25 | $129.6M | $-35.1M | ||
| Q1 25 | $61.1M | $-8.4M | ||
| Q4 24 | $104.8M | $-19.2M | ||
| Q3 24 | $118.6M | $14.0M | ||
| Q2 24 | $81.1M | $-4.4M |
自由现金流IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-16.2M | ||
| Q3 25 | $79.2M | $-20.4M | ||
| Q2 25 | $108.9M | $-38.7M | ||
| Q1 25 | $36.5M | $-17.3M | ||
| Q4 24 | $80.5M | $-24.3M | ||
| Q3 24 | $100.0M | $5.1M | ||
| Q2 24 | $68.7M | $-9.9M |
自由现金流率IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -102.1% | ||
| Q3 25 | 34.9% | -161.3% | ||
| Q2 25 | 50.2% | -201.7% | ||
| Q1 25 | 17.0% | -72.6% | ||
| Q4 24 | 37.8% | -112.2% | ||
| Q3 24 | 47.0% | 17.8% | ||
| Q2 24 | 34.2% | -39.0% |
资本支出强度IRDMSPIR
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 75.1% | ||
| Q3 25 | 9.5% | 66.2% | ||
| Q2 25 | 9.5% | 18.8% | ||
| Q1 25 | 11.4% | 37.3% | ||
| Q4 24 | 11.4% | 23.5% | ||
| Q3 24 | 8.7% | 31.2% | ||
| Q2 24 | 6.2% | 21.8% |
现金转化率IRDMSPIR
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | -0.29× | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | — | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | — |
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) | $43.9M | 20% |
| Government | $35.8M | 16% |
| Government service revenue (5) | $26.8M | 12% |
| Subscriber equipment | $23.1M | 11% |
| Hosted payload and other data service (4) | $14.9M | 7% |
| Broadband (3) | $12.9M | 6% |
| Commercial | $1.6M | 1% |
SPIR
暂无分部数据
