Iridium Communications (IRDM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Iridium Communications

NasdaqGS•Communication Services•Telecom Services

$46.77-0.71(-0.01%)Market closed

Market Cap

$5.00B

P/E

53.6x

P/S

5.7x

P/B

10.6x

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and foreign governments, non-governmental organizations, and consumers in the United States, Canada, and internationally. The company offers mobile satellite communications services for land mobile end users and aviation sectors; broadband terminals, embedded devices, and handsets for merchant shipping, fishing, leisure and research vessels, and specialized watercraft; satellite-based IoT services; hosted payload and other data services; and other data services and engineering services. It also provides postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; Internet of Things (IoT); and satellite time and location services. In addition, the company offers personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; and mobile communications and data devices for the military and other government agencies, such as secure satellite handsets; and maintenance services for the U.S. government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; and various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, and charging units. The company sells its products and services to commercial end users through a wholesale distribution network that includes service providers, and value-added resellers and value-added manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.

How this company scores

GoodMetricSide Score: 60/100

Strongest: Cash & Earnings Quality (18/25); weakest: Growth (11/25).

Profitability16/25

Growth11/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality18/25

Strengths

Strong marginsHigh ROEInterest easily coveredCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 53.6x5y range 14.6x – 1562.4x

Currently above its 14-quarter median.

P/S · 5.7x5y range 2.1x – 10.3x

Currently near its 19-quarter median.

P/B · 10.6x5y range 3.7x – 10.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 6.3% — watch for continued compression, which may signal competitive or cost pressure.

Price & Volume

Market Cap $5.00B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $884.17M
Q. Revenue: $225.24M
TTM EBITDA: $423.36M
TTM Op. Income: $210.06M
Q. Op. Income: $34.01M
TTM Net Income: $93.27M
Q. Net Income: $9.68M
EPS: $0.09
Shares Out.: $106.97M

$884.17M in TTM revenue grew 3.1% YoY, reaching $225.24M last quarter. TTM EBITDA of $423.36M and TTM operating income of $210.06M show growth is flowing through to the bottom line. TTM net income of $93.27M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 39.0%
Op. Margin: 15.1%
Net Margin: 4.3%

Op. margin of 15.1% is down 8.1% YoY — costs are rising relative to revenue. Net margin at 4.3% Across the last 8 quarters, operating margin has fallen for 3 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 53.6x
P/S Ratio: 5.7x
P/B Ratio: 10.6x

At 53.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 5.7x and P/B of 10.6x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.57B
Cash: $184.21M
Long-Term Debt: N/A
Book Value: $472.51M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $114.15M
TTM Free Cash Flow: $288.32M
FCF Margin: 32.6%
FCF / Net Income: 3.1

TTM FCF of $288.32M on $114.15M in operating cash flow. The FCF / Net Income ratio of 3.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 12% — a weakening trend.