IRDM Stock Analysis: Iridium Communications | NASDAQ
Telecom Services | NASDAQ, USA | Market Cap: 5.077m USD | 12M Return: 145.8% | US46269C1027 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 47.8M
Qual. Beats: -2
Rev. Trend: 97.7%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Iridium Communications Inc. (NASDAQ: IRDM) is a U.S.-based provider of mobile satellite voice and data communications services and hardware, serving commercial businesses, U.S. and foreign governments, non-governmental organizations, and individual consumers across the United States, Canada, and international markets. The company was formerly known as Iridium Holdings LLC before adopting its current name in September 2009, and it is headquartered in McLean, Virginia.
Its product portfolio spans satellite handsets, broadband terminals, IoT data devices, personnel and asset tracking hardware, push-to-talk services, and specialized solutions for aviation, maritime, and military customers. The company distributes its offerings through a wholesale network of service providers, value-added resellers, and value-added manufacturers.
As an alternative carrier in the Communication Services sector, Iridium operates within the Mobile Satellite Services (MSS) industry, a niche segment of telecommunications that relies on orbiting satellite constellations to deliver connectivity. A defining feature of MSS providers like Iridium is their ability to extend coverage to remote regions, including oceans, deserts, and polar areas, where traditional terrestrial networks are unavailable, making them critical partners for aviation, maritime, defense, and industrial IoT applications.
- Commercial IoT subscribers and ARPU growth drive recurring revenue
- Starlink competition pressures enterprise and direct-to-device market share
- U.S. defense contracts expand with secure satellite communications demand
| Net Income: 93.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -1.45 > 1.0 |
| NWC/Revenue: 27.32% < 20% (prev 17.91%; Δ 9.41% < -1%) |
| CFO/TA 0.15 > 3% & CFO 395.1m > Net Income 93.3m |
| Net Debt (1.58b) to EBITDA (424.3m): 3.72 < 3 |
| Current Ratio: 2.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (108.5m) vs 12m ago 0.26% < -2% |
| Gross Margin: 70.39% > 18% (prev 47.47%; Δ 22.93% > 0.5%) |
| Asset Turnover: 34.45% > 50% (prev 33.39%; Δ 1.06% > 0%) |
| Interest Coverage Ratio: 2.33 > 6 (EBIT TTM 211.0m / Interest Expense TTM 90.8m) |
| A: 0.09 (Total Current Assets 377.1m - Total Current Liabilities 135.5m) / Total Assets 2.57b |
| B: -0.15 (Retained Earnings -387.3m / Total Assets 2.57b) |
| C: 0.08 (EBIT TTM 211.0m / Avg Total Assets 2.57b) |
| D: 0.23 (Book Value of Equity 472.5m / Total Liabilities 2.09b) |
| Altman-Z'' = 0.92 = BB |
| DSRI: 1.25 (Receivables 104.5m/81.0m, Revenue 884.2m/857.5m) |
| GMI: 0.67 (GM 47.47% / 70.39%) |
| AQI: 0.89 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 1.03 (Revenue 884.2m / 857.5m) |
| TATA: -0.12 (NI 93.3m - CFO 395.1m) / TA 2.57b) |
| Beneish M = -3.17 (Cap -4..+1) = AA |
As of October 09, 2026, the stock is trading at USD 47.56 with a total of 1,230,493 shares traded. Over the past week, the price has changed by -0.65%, over one month by -0.18%, over three months by -5.48% and over the past year by +145.80%.
Current recommended Stop Loss: 46.30 (which is 2.6% or 1.2 ATR below the current price).
Iridium Communications has received a consensus analysts rating of 4.56. Therefore, it is recommended to buy IRDM.
- StrongBuy: 6
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 42 | -11.7% |
P/E Trailing = 55.0575
P/E Forward = 24.5098
P/S = 5.7416
P/B = 10.8334
P/EG = 1.886
Revenue TTM = 884.2m USD
EBIT TTM = 211.0m USD
EBITDA TTM = 424.3m USD
Long Term Debt = 1.75b USD (from longTermDebt, last quarter)
Short Term Debt = 12.5m USD (from shortTermDebt, last quarter)
Debt = 1.76b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.58b USD (calculated: Debt 1.76b - CCE 184.2m)
Enterprise Value = 6.65b USD (5.08b + Debt 1.76b - CCE 184.2m)
Interest Coverage Ratio = 2.33 (Ebit TTM 211.0m / Interest Expense TTM 90.8m)
EV/FCF = 23.08x (Enterprise Value 6.65b / FCF TTM 288.3m)
FCF Yield = 4.33% (FCF TTM 288.3m / Enterprise Value 6.65b)
FCF Margin = 32.61% (FCF TTM 288.3m / Revenue TTM 884.2m)
Net Margin = 10.55% (Net Income TTM 93.3m / Revenue TTM 884.2m)
Gross Margin = 70.39% ((Revenue TTM 884.2m - Cost of Revenue TTM 261.8m) / Revenue TTM)
Gross Margin QoQ = 77.22% (prev 77.34%)
Tobins Q-Ratio = 2.59 (Enterprise Value 6.65b / Total Assets 2.57b)
Interest Expense / Debt = 5.15% (Interest Expense 90.8m / Debt 1.76b)
Taxrate = 25.22% (31.5m / 124.7m)
NOPAT = 157.8m (EBIT 211.0m * (1 - 25.22%))
Current Ratio = 2.78 (Total Current Assets 377.1m / Total Current Liabilities 135.5m)
Debt / Equity = 3.73 (Debt 1.76b / totalStockholderEquity, last quarter 472.5m)
Debt / EBITDA = 3.72 (Net Debt 1.58b / EBITDA 424.3m)
Debt / FCF = 5.47 (Net Debt 1.58b / FCF TTM 288.3m)
Total Stockholder Equity = 463.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.63% (Net Income 93.3m / Total Assets 2.57b)
RoE = 20.12% (Net Income TTM 93.3m / Total Stockholder Equity 463.5m)
RoCE = 9.54% (EBIT 211.0m / Capital Employed (Equity 463.5m + L.T.Debt 1.75b))
RoIC = 6.58% (NOPAT 157.8m / Invested Capital 2.40b)
WACC = 9.49% (E(5.08b)/V(6.84b) * Re(11.45%) + D(1.76b)/V(6.84b) * Rd(5.15%) * (1-Tc(0.25)))
Discount Rate = 11.45% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.16 | Cagr: -5.77%
[DCF] Terminal Value 69.61% ; FCFF base≈303.4m ; Y1≈275.0m ; Y5≈237.4m
[DCF] Fair Price = 15.10 (EV 3.18b - Net Debt 1.58b = Equity 1.60b / Shares 106.0m; r=9.49% [WACC]; 5y FCF grow -11.55% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.06 | # QB: -2
Revenue Correlation: 97.73 | Revenue CAGR: 4.98% | SUE: 1.01 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.41 | Chg30d=+27.65% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.08 | Chg30d=-4.92% | Revisions=-25% | GrowthEPS=+1.5% | GrowthRev=+7.7%
EPS next Year (2027-12-31): EPS=1.72 | Chg30d=+35.48% | Revisions=+25% | GrowthEPS=+58.8% | GrowthRev=+6.0%
[Analyst] Revisions Ratio: -17% (up=1, down=2)