Business Overview Iridium Communications Inc. (“we,” “us,” or “Iridium”) is a leading provider of global voice, data, and positioning, navigation and timing (PNT) satellite services. We are the only commercial provider of communications services offering true global coverage, connecting people, organizations and assets to and from anywhere, in real time. Our low-Earth orbit (LEO), L-band network provides specialized, reliable, weather-resilient communications services to regions of the world where terrestrial wireless or wireline networks do not exist or are limited, including remote land areas, open ocean, airways, the polar regions, and regions where the telecommunications infrastructure has been affected by political conflicts or natural disasters. In addition, our satellites have additional payloads to host specific additional services for other customers like Aireon LLC.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 872M | 872M | 831M | 791M | 721M | 615M |
| Net Income | 114M | 114M | 113M | 15M | 8.7M | -9.3M |
| EPS | $1.06 | $1.06 | $0.94 | $0.12 | $0.07 | $-0.07 |
| Free Cash Flow | 300M | 300M | 306M | 241M | 273M | 261M |
| ROIC | 8.8% | 8.5% | 7.7% | 3.4% | 3.1% | 1.4% |
| Gross Margin | 73.2% | 73.2% | 74.0% | 73.4% | 71.7% | 75.3% |
| Debt/Equity | 3.88 | 3.88 | 3.19 | 1.71 | 1.35 | 1.11 |
| Dividends/Share | $0.58 | $0.58 | $0.54 | $0.13 | $0.00 | $0.00 |
| Operating Income | 236M | 236M | 200M | 82M | 77M | 46M |
| Operating Margin | 27.1% | 27.1% | 24.1% | 10.3% | 10.6% | 7.5% |
| ROE | 24.7% | 22.0% | 15.4% | 1.5% | 0.7% | -0.7% |
| Shares Outstanding | 108M | 108M | 120M | 128M | 125M | 133M |
Iridium Communications Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Iridium Communications Inc. trades at 34.1x trailing earnings, compared to its 15-year median P/E of 13.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 12.6x vs a median of 21.0x. The company's 5-year average ROIC is 4.8% with a gross margin of 73.5%. Total shareholder yield (dividends + buybacks) is 6.4%. At current prices, the estimated annualized return to fair value is +24.1%.
Iridium Communications Inc. (IRDM) has a current P/E ratio of 34.1, compared to its historical median P/E of 13.6. The stock is currently considered Expensive based on its historical valuation range.
Iridium Communications Inc. (IRDM) has a 5-year average return on invested capital (ROIC) of 4.8%. This is below average and may indicate limited pricing power.
Iridium Communications Inc. (IRDM) has a market capitalization of $3.9B. It is classified as a mid-cap stock.
Yes, Iridium Communications Inc. (IRDM) pays a dividend with a trailing twelve-month yield of 1.61%. The company also returns capital through share buybacks, with a buyback yield of 4.78%.
Based on historical P/E analysis, Iridium Communications Inc. (IRDM) appears expensive. The current P/E of 34.1 is 151% above its historical median of 13.6. The estimated fair value CAGR (P/E method) is 5.5%.
Iridium Communications Inc. (IRDM) operates in the Communications Services, Nec industry, within the Communication Services sector.
Iridium Communications Inc. (IRDM) reported annual revenue of $872 million in its most recent fiscal year, based on SEC EDGAR filings.
Iridium Communications Inc. (IRDM) has a net profit margin of 13.1%. This is a healthy margin.
Iridium Communications Inc. (IRDM) generated $300 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Iridium Communications Inc. (IRDM) has a debt-to-equity ratio of 3.88. This indicates higher leverage, which may increase financial risk.
Iridium Communications Inc. (IRDM) reported earnings per share (EPS) of $1.06 in its most recent fiscal year.
Iridium Communications Inc. (IRDM) has a return on equity (ROE) of 22.0%. This indicates the company generates strong returns for shareholders.
Iridium Communications Inc. (IRDM) has a 5-year average gross margin of 73.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for Iridium Communications Inc. (IRDM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Iridium Communications Inc. (IRDM) has a book value per share of $4.29, based on its most recent annual SEC filing.