TORVANTA
Communication Services · S&P 500 · data as of 2026-10-05

IRDM stock analysis: Iridium Communications

Iridium Communications (IRDM) is an S&P 500 company in Satellite Communications. It grades strongest on profitability and weakest on value.

The model's view of IRDM · subscribers

Where IRDM ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

See plans
What's happening with IRDM · updated 2026-10-05 · from prices and SEC filings

IRDM price performance

IRDM against the S&P 500, one year
+0%+100%+200%IRDM +186%S&P 500 +18%2025-09-292026-10-05
Year to date+182.2%S&P 500 +14.5% · ahead by 167.7 pts
1 year+163.7%S&P 500 +17.0% · ahead by 146.6 pts
3 years+14.9%S&P 500 +89.3% · behind by 74.4 pts
5 years+33.6%S&P 500 +91.3% · behind by 57.7 pts

Total returns with dividends reinvested.

IRDM factor grades

Each grade compares IRDM with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueP/E 55.0x (sector 17.3x)FCF yield 5.6% (sector 4.6%)
CGrowthRevenue growth +3% (sector +5%)EPS growth -11% (sector -11%)
A-ProfitabilityOperating margin 23.8% (sector 20.0%)ROIC 55.6% (sector 17.5%)
B+Momentum12-month change +164%From 52-wk high -13%

IRDM in plain numbers

IRDM key statistics

SectorCommunication Services
IndustrySatellite Communications
IndexS&P 500
Market value$5.1B
Revenue growth (y/y)+3%
Free-cash-flow yield5.6%
Dividend yield1.2%
Next earnings (expected)2026-10-22
Valuation measures
Market value$5.1B
Enterprise value$4.9B
P/E (trailing)55.0x
Forward P/E (Torvanta estimate)61.7x
Price / sales5.8x
Price / book10.9x
EV / revenue5.6x
EV / EBITDA11.7x
Financial highlights
Revenue, last 12 months$884.2M
Net income, last 12 months$93.3M
EPS, last 12 months (GAAP)$0.88
Operating margin23.8%
Net margin10.5%
Return on equity19.7%
Return on invested capital55.6%
Cash$184.2M
Free cash flow, last 12 months$288.3M
Current ratio2.78x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

IRDM earnings trends

Revenue vs earnings
$0$56.7M$113.5M$170.2M$226.9MSep 2024 Revenue: $212.8MDec 2024 Revenue: $213.0MMar 2025 Revenue: $214.9MJun 2025 Revenue: $216.9MSep 2025 Revenue: $226.9MDec 2025 Revenue: $212.9MMar 2026 Revenue: $219.1MJun 2026 Revenue: $225.2MSep 2024 Net income: $24.4MDec 2024 Net income: $36.3MMar 2025 Net income: $30.4MJun 2025 Net income: $22.0MSep 2025 Net income: $37.1MDec 2025 Net income: $24.9MMar 2026 Net income: $21.6MJun 2026 Net income: $9.7MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 11.5%Net margin: 17.1%Net margin: 14.2%Net margin: 10.1%Net margin: 16.4%Net margin: 11.7%Net margin: 9.9%Net margin: 4.3%0%9%17%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.1$0.2$0.3$0.4Sep 2024 EPS (GAAP, diluted): $0.2Dec 2024 EPS (GAAP, diluted): $0.3Mar 2025 EPS (GAAP, diluted): $0.3Jun 2025 EPS (GAAP, diluted): $0.2Sep 2025 EPS (GAAP, diluted): $0.4Dec 2025 EPS (GAAP, diluted): $0.2Mar 2026 EPS (GAAP, diluted): $0.2Jun 2026 EPS (GAAP, diluted): $0.1Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +67% · Dec 2025 -23% · Mar 2026 -26% · Jun 2026 -55%

From the company's 10-Q and 10-K filings with the SEC.

Iridium Communications financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$614.5M$721.0M$790.7M$830.7M$871.7M
Net income-$9.3M$8.7M$15.4M$112.8M$114.4M
EPS (GAAP)$-0.07$0.11$0.13$0.95$1.06
Free cash flow$260.7M$273.5M$241.4M$306.1M$299.8M

IRDM earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-22$0.09-55%+4%+2.2%
2026-04-23$0.20-26%+2%-3.9%
2026-02-12$0.24-23%-0%+27.0%
2025-10-23$0.35+67%+7%-9.2%
2025-07-24$0.20-26%+8%-21.2%
2025-04-22$0.27+69%+5%-11.2%

About Iridium Communications

HeadquartersMclean, VA
Industry (SEC code)Communications Services, Nec
Fiscal year endsDecember 31
Incorporated inDE
Listed onNasdaq
FormerlyGHL Acquisition Corp.

From the company's SEC registration record.

Companies similar to IRDM

CompanyMarket valueP/ERevenue growthOperating margin12-month change
IRDM Iridium Communications$5.1B55.0x+3%23.8%+164%
MTCH Match Group$9.3B14.3x+2%28.2%+20%compare
PSKY Paramount Skydance$10.9B51.4xn/a7.7%-48%compare
CHTR Charter Communications$13.1B2.8x-1%23.3%-62%compare
TKO TKO Group$13.4B62.1x+27%18.8%-9%
NWSA News Corp A$16.2B28.1x+1%n/a+3%
ASTS AST SpaceMobile$17.5Bn/an/an/a-14%

All Communication Services stock ratings

Frequently asked questions

Is IRDM stock a buy?

Torvanta does not tell individuals what to buy. Its grades for IRDM are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is IRDM's P/E ratio?

IRDM trades at about 55.0 times its last 12 months of GAAP earnings reported to the SEC, and about 61.7 times Torvanta's own estimate of the next 12 months.

When does IRDM report earnings next?

Based on its filing history, Torvanta expects Iridium Communications to report around 2026-10-22.

Does IRDM pay a dividend?

Yes. Its dividend yield is about 1.2%, and it has raised its dividend 2 years in a row.

How has IRDM performed against the S&P 500?

Over the past year IRDM returned +163.7%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

See plans Or get the free weekly newsletter

Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

All stock ratings · Stock lists · AI stock research · Model portfolio · Research · Disclaimer