Globalstar vs Iridium Communications
Iridium Communications is the larger business, with $872m of revenue in fiscal 2025 against $273m for Globalstar (3.2 times as much). Globalstar grew faster (9.0% against 4.9%). Iridium Communications kept more of each dollar of sales as profit: a net margin of 13.1% against -3.2%.
| Latest fiscal year | GlobalstarGSAT, 2025 | Iridium CommunicationsIRDM, 2025 |
|---|---|---|
| Revenue | $273m | $872m |
| Revenue growth | 9.0% | 4.9% |
| Net income | −$8.7m | $114m |
| Operating margin | 2.7% | — |
| Net margin | -3.2% | 13.1% |
| Return on equity | -2.4% | 22.0% |
| Free cash flow | $616m | $300m |
| Cash | $447m | $96.5m |
| Total debt | $484m | $1.77bn |
| Debt to equity | 136.0% | — |
| Dividend per share | — | — |
| Dividend yield | 0.1% | 1.4% |
| Share buybacks | — | $186m |
| Employees | 477 | 975 |
| Market value | $10.85bn | $4.82bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 38 (Weak) | 38 (Weak) |
| Insider trades, 12 months | 1 buys, 40 sales | 0 buys, 13 sales |