IRDM vs VSAT
Iridium Communications Inc. and Viasat, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | IRDM | VSAT |
|---|---|---|
| Revenue | $871.7M | $4.6B |
| Net income | $114.4M | $-34.1M |
| Gross margin | −109.7% | 65.3% |
| Net margin | 13.1% | −0.7% |
| Return on equity | 22.0% | −0.7% |
| Diluted EPS | $1.06 | −$0.25 |
| Dividend / share | $0.13 | — |
| Payout ratio | 55.0% | — |
| Free cash flow | $299.8M | $-709.1M |
| Equity | $462.6M | $4.7B |
| Net debt / equity | 3.60× | 1.01× |
| Current ratio | 2.48× | 2.41× |
| Revenue CAGR 5y | 8.4% | 19.3% |
| Profit CAGR 5y | — | — |
VSAT bills 5.3× the revenue of IRDM, and VSAT closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | IRDM | VSAT |
|---|---|---|
| FY2025 | $871.7M | $4.6B |
| FY2024 | $830.7M | $4.5B |
| FY2023 | $790.7M | $4.3B |
| FY2022 | $721.0M | $2.6B |
| FY2021 | $614.5M | $2.4B |
| FY2020 | $583.4M | $1.9B |
| FY2019 | $560.4M | $2.3B |
| FY2018 | $18.4M | $2.1B |
| FY2017 | $21.2M | $1.6B |
| FY2016 | $24.6M | $1.6B |
Net income by year
Bottom line
| Fiscal year | IRDM | VSAT |
|---|---|---|
| FY2025 | $114.4M | $-34.1M |
| FY2024 | $112.8M | $-575.0M |
| FY2023 | $15.4M | $-1.1B |
| FY2022 | $8.7M | $1.1B |
| FY2021 | $-9.3M | $-15.5M |
| FY2020 | $-56.1M | $3.7M |
| FY2019 | $-162.0M | $13.8M |
| FY2018 | $-13.4M | $-66.5M |
| FY2017 | $233.9M | $-68.3M |
| FY2016 | $111.0M | $21.8M |
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