IRDM - Iridium Communications Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$37.00
DETAILS
HIGH:
$45.00
LOW:
$26.00
MEDIAN:
$40.00
CONSENSUS:
$37.00
DOWNSIDE:
24.24%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Revenue | 871.7 | 830.7 | 790.7 | 721.0 | 614.5 | 583.4 | 560.4 | 523.0 | 448.0 | 433.6 | 411.4 | 408.6 | 382.6 | 383.5 | 384.3 | 348.2 | 76.0 | 0 | 0 |
| Cost of Revenue | 197.6 | 433.7 | 507.6 | 504.6 | 455.8 | 445.9 | 442.8 | 361.1 | 247.1 | 158.6 | 152.9 | 187.2 | 186.4 | 193.3 | 219.9 | 224.9 | 59.1 | 0 | 0 |
| Gross Profit | 674.1 | 397.0 | 283.1 | 216.4 | 158.7 | 137.6 | 117.6 | 161.9 | 200.9 | 275.0 | 258.4 | 221.3 | 196.3 | 190.2 | 164.4 | 123.3 | 16.9 | 0 | 0 |
| Operating Expenses | |||||||||||||||||||
| R&D Expenses | 19.8 | 28.4 | 20.3 | 16.2 | 11.9 | 12.0 | 14.3 | 22.4 | 15.2 | 16.1 | 16.1 | 17.6 | 11.1 | 15.5 | 18.7 | 19.2 | 6.0 | 0 | 0 |
| SG&A Expenses | 157.7 | 165.1 | 143.7 | 123.5 | 100.5 | 90.1 | 93.2 | 97.8 | 84.4 | 82.6 | 81.4 | 78.6 | 75.2 | 67.6 | 65.7 | 66.7 | 17.0 | 2.3 | 0 |
| Other Expenses | 260.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.2 | 0.3 | 0.0 |
| Operating Expenses | 438.1 | 193.5 | 164.0 | 139.7 | 112.4 | 102.1 | 107.5 | 120.3 | 99.7 | 98.6 | 97.6 | 96.2 | 86.4 | 83.1 | 84.4 | 85.9 | 29.2 | 2.6 | 0.0 |
| Operating Income | |||||||||||||||||||
| Operating Income | 236.0 | 203.5 | 119.1 | 76.7 | 46.3 | 35.5 | 10.1 | 41.7 | 101.3 | 176.4 | 160.8 | 125.1 | 109.9 | 107.1 | 80.0 | 37.4 | (12.3) | (2.6) | (0.0) |
| Interest Expense | 88.3 | 102.8 | 102.3 | 72.1 | 73.9 | 98.6 | 140.1 | 55.1 | 0.0 | 0 | 3.3 | 5.8 | 7.7 | 0 | 0.0 | 1.7 | 0.4 | 0.0 | 0.0 |
| Interest Income | 0 | 11.6 | 11.9 | 7.0 | 0 | 4.3 | 24.7 | 0 | 4.3 | 2.9 | 3.1 | 3.6 | 2.3 | 1.1 | 1.2 | 2.4 | 1.3 | 5.6 | 0 |
| Profitability | |||||||||||||||||||
| EBITDA | 446.2 | 415.7 | 380.1 | 386.1 | 350.4 | 312.8 | 219.7 | 252.7 | 241.9 | 228.9 | 128.2 | 192.8 | 193.2 | 174.1 | 159.3 | 128.0 | (23.6) | 3.0 | (0.0) |
| EBIT | 236.0 | 212.5 | 97.6 | 82.6 | 45.0 | 9.6 | (78.0) | 34.5 | 119.6 | 179.5 | 76.4 | 122.3 | 118.2 | 95.0 | 64.6 | 37.3 | (45.1) | 3.0 | (0.0) |
| Income Before Tax | 142.0 | 125.0 | (10.8) | 9.0 | (28.9) | (89.0) | (218.1) | (20.6) | 119.6 | 178.2 | 73.1 | 116.5 | 110.5 | 95.0 | 64.6 | 35.6 | (45.5) | 3.0 | (0.0) |
| Income Tax Expense | 27.6 | 12.3 | (26.3) | 0.3 | (19.6) | (32.9) | (56.1) | (7.3) | (114.3) | 67.1 | 66.0 | 41.5 | 47.9 | 30.4 | 24.9 | 12.9 | (1.3) | 1.4 | 0 |
| Net Income | 114.4 | 112.8 | 15.4 | 8.7 | (9.3) | (56.1) | (162.0) | (13.4) | 233.9 | 111.0 | 7.1 | 75.0 | 62.5 | 64.6 | 39.7 | 22.7 | (44.4) | 1.7 | (0.0) |
| Per Share Data | |||||||||||||||||||
| EPS (Basic) | 1.07 | 0.95 | 0.12 | 0.07 | -0.07 | -0.42 | -1.29 | -0.12 | 2.22 | 1.00 | -0.09 | 0.67 | 0.72 | 0.85 | 0.57 | 0.28 | -0.82 | 0.04 | -0.00 |
| EPS (Diluted) | 1.06 | 0.94 | 0.12 | 0.07 | -0.07 | -0.42 | -1.29 | -0.12 | 2.22 | 1.00 | -0.09 | 0.67 | 0.72 | 0.85 | 0.56 | 0.27 | -0.82 | 0.04 | -0.00 |
| Shares Outstanding | 107.2 | 118.6 | 122.8 | 128.3 | 133.5 | 133.5 | 125.2 | 109.0 | 97.9 | 95.9 | 95.1 | 91.4 | 76.7 | 76.1 | 72.2 | 70.3 | 54.0 | 43.3 | 11.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 96.5 | 93.5 | 71.9 | 168.8 | 320.9 | 237.2 | 223.6 | 273.4 | 285.9 | 371.2 | 147.2 | 0.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 7.5 | 0 | 0 | 11.8 | 39.3 | 0 | 0 |
| Net Receivables | 93.8 | 98.8 | 91.7 | 82.3 | 63.4 | 61.2 | 68.7 | 71.2 | 68.0 | 57.4 | 41.2 | 0 |
| Inventory | 73.8 | 81.3 | 91.1 | 39.8 | 29.0 | 32.5 | 39.9 | 27.5 | 20.1 | 18.2 | 25.7 | 0 |
| Other Current Assets | 12.5 | 19.1 | 16.4 | 15.4 | 11.0 | 5.6 | 10.7 | 18.3 | 25.3 | 30.7 | 7.0 | 0 |
| Total Current Assets | 276.5 | 292.7 | 271.1 | 306.2 | 424.4 | 344.0 | 342.9 | 390.4 | 411.1 | 516.8 | 221.1 | 0.1 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 1,978.2 | 2,094.8 | 2,211.9 | 2,450.2 | 2,682.7 | 2,941.1 | 3,207.8 | 3,370.9 | 3,210.2 | 2,813.1 | 386.7 | 0 |
| Goodwill | 98.9 | 98.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95.4 | 0 |
| Intangible Assets | 86.9 | 90.9 | 41.1 | 42.6 | 44.0 | 45.5 | 47.0 | 48.5 | 50.0 | 45.8 | 92.5 | 0 |
| Long-Term Investments | 56.8 | 89.8 | 133.6 | 142.2 | 4.9 | 0 | 0.8 | 191.9 | 102.4 | 113.1 | 15.5 | 401.8 |
| Other Non-Current Assets | 33.7 | 3.2 | 2.3 | 12.8 | 23.7 | 26.5 | 23.5 | 12.6 | 8.4 | (155.3) | 1.1 | 0 |
| Total Non-Current Assets | 2,254.5 | 2,378.7 | 2,390.7 | 2,647.8 | 2,756.4 | 3,017.0 | 3,280.6 | 3,623.9 | 3,371.0 | 2,982.9 | 587.8 | 403.0 |
| Total Assets | 2,531.0 | 2,671.5 | 2,661.8 | 2,954.0 | 3,180.8 | 3,360.9 | 3,623.6 | 4,014.3 | 3,782.1 | 3,499.6 | 827.3 | 403.2 |
| Current Liabilities | ||||||||||||
| Account Payables | 17.7 | 19.7 | 28.7 | 21.4 | 16.2 | 14.4 | 6.7 | 12.9 | 43.1 | 11.1 | 7.9 | 0 |
| Short-Term Debt | 3.4 | 38.2 | 19.3 | 20.3 | 20.2 | 20.6 | 14.3 | 126 | 85.5 | 0 | 0 | 0 |
| Deferred Revenue | 41.1 | 51.6 | 33.1 | 35.7 | 28.0 | 32.4 | 39.1 | 37.4 | 38.4 | 34.1 | 20.0 | 0 |
| Other Current Liabilities | 45.4 | 59.8 | 50.5 | 64.2 | 44.4 | 45.7 | 53.7 | 86.4 | 47.2 | 38.0 | 55.6 | 1.6 |
| Total Current Liabilities | 111.7 | 169.2 | 131.6 | 141.6 | 108.8 | 113.1 | 113.8 | 262.7 | 214.2 | 83.2 | 88.9 | 1.6 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 1,757.1 | 1,757.8 | 1,467.5 | 1,470.7 | 1,581.5 | 1,596.9 | 1,765.5 | 1,829.7 | 1,618.1 | 1,657.1 | 0 | 0 |
| Deferred Tax Liabilities | 130.5 | 114.1 | 114.6 | 151.6 | 134.3 | 155.1 | 188.7 | 241.4 | 246.2 | 361.7 | 95.0 | 0 |
| Other Non-Current Liabilities | 28.8 | 4.4 | 1.9 | 0.6 | 0.6 | 1.9 | 2.4 | 4.2 | 59.5 | 17.5 | 16.2 | 0 |
| Total Non-Current Liabilities | 1,956.7 | 1,925.6 | 1,642.1 | 1,683.9 | 1,784.0 | 1,828.4 | 2,050.5 | 2,150.0 | 1,971.4 | 2,072.7 | 111.2 | 131.3 |
| Total Liabilities | 2,068.4 | 2,094.8 | 1,773.7 | 1,825.5 | 1,892.8 | 1,941.5 | 2,164.3 | 2,412.7 | 2,185.6 | 2,155.9 | 181.1 | 132.9 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 |
| Retained Earnings | (418.6) | (406.1) | (235.4) | (47.7) | 140.8 | 275.9 | 332.0 | 501.7 | 518.8 | 288.8 | (42.7) | 1.7 |
| Accumulated Other Comprehensive Income | 0.4 | 18.3 | 33.9 | 51.6 | (7.1) | (17.2) | (6.9) | (8.8) | (3.8) | (5.4) | 0.0 | 0 |
| Total Stockholders' Equity | 462.6 | 576.6 | 888.1 | 1,128.6 | 1,287.9 | 1,419.4 | 1,459.3 | 1,601.6 | 1,596.5 | 1,343.8 | 627.5 | 270.3 |
| Total Liabilities & Equity | 2,531.0 | 2,671.5 | 2,661.8 | 2,954.0 | 3,180.8 | 3,360.9 | 3,623.6 | 4,014.3 | 3,782.1 | 3,499.6 | 827.3 | 403.2 |
| Debt Metrics | ||||||||||||
| Total Debt | 1,760.5 | 1,807.0 | 1,500.9 | 1,506.8 | 1,621.3 | 1,640.8 | 1,806.6 | 1,955.7 | 1,703.6 | 1,657.1 | 0 | 120.0 |
| Net Debt | 1,664.0 | 1,713.5 | 1,429.0 | 1,338 | 1,300.4 | 1,403.6 | 1,583.1 | 1,682.4 | 1,417.7 | 1,286.0 | (147.2) | 119.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 114.4 | 112.8 | 15.4 | 8.7 | (9.3) | (56.1) | (162.0) | (13.4) | 233.9 | 111.0 |
| Depreciation & Amortization | 210.2 | 203.1 | 320 | 303.5 | 305.4 | 303.2 | 297.7 | 218.2 | 122.3 | 49.4 |
| Stock-Based Compensation | 51.6 | 63.5 | 57.5 | 43.7 | 26.8 | 16.7 | 15.1 | 14.5 | 16.0 | 13.7 |
| Change in Working Capital | (7.7) | 2.0 | (56.7) | (17.9) | (3.6) | (15.4) | (30.4) | 35.1 | 17.5 | (15.6) |
| Other Non-Cash Items | 9.4 | (12.0) | 10.6 | 7.9 | 4.9 | 35.0 | 131.6 | 17.6 | (14.1) | 2.8 |
| Operating Cash Flow | 400.1 | 376.0 | 314.9 | 344.7 | 302.9 | 249.8 | 198.1 | 263.7 | 259.6 | 225.2 |
| Investing Activities | ||||||||||
| Capital Expenditure | (100.3) | (69.9) | (73.5) | (71.3) | (42.1) | (38.7) | (117.8) | (391.4) | (400.1) | (405.7) |
| Acquisitions | 0 | (110.7) | 0 | 0 | 42.1 | (0.2) | 0 | 391.4 | 400.1 | 494.8 |
| Purchases of Investments | 0 | 0 | 0 | (50) | (1.6) | (7.8) | (10) | (235.5) | (7.0) | (19.9) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 7.4 | 7.9 | 0 | 248.0 | 34.4 | 183.2 |
| Other Investing Activities | 0 | 0 | (10) | 0 | (42.1) | (7.8) | 0 | (391.4) | (400.1) | (494.8) |
| Investing Cash Flow | (100.3) | (180.6) | (83.5) | (121.3) | (36.4) | (46.5) | (127.8) | (378.9) | (372.7) | (242.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (33.0) | 305.6 | (8.4) | (116.5) | (16.5) | (193.8) | (313.8) | 219.7 | 22.2 | 251.5 |
| Stock Repurchased | (186.5) | (407.7) | (247.0) | (257.1) | (163.4) | 0 | 0 | (2.0) | (1.9) | (0.6) |
| Dividends Paid | (62.9) | (64.7) | (64.8) | 0 | 0 | 0 | (8.4) | (15.4) | (3.9) | (15.4) |
| Other Financing Activities | (18.7) | (3.6) | (6.9) | (5.3) | (2.5) | (7.1) | (4.6) | (8.8) | (1.5) | (11.3) |
| Financing Cash Flow | (299.9) | (170.5) | (327.1) | (375.0) | (182.5) | (188.2) | (313.3) | 193.5 | 16.9 | 224.2 |
| Cash Position | ||||||||||
| Net Change in Cash | 3.0 | 21.7 | (96.9) | (152.1) | 83.7 | 13.6 | (49.8) | 77.0 | (96.0) | 185.5 |
| Cash at Beginning | 93.5 | 71.9 | 168.8 | 320.9 | 237.2 | 223.6 | 273.4 | 388.3 | 484.3 | 185.7 |
| Cash at End | 96.5 | 93.5 | 71.9 | 168.8 | 320.9 | 237.2 | 223.6 | 465.3 | 388.3 | 371.2 |
| Free Cash Flow | 299.8 | 306.1 | 241.4 | 273.5 | 260.7 | 211.1 | 80.3 | (127.7) | (140.5) | (180.5) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||
| Revenue | 871.7 | 830.7 | 790.7 | 721.0 | 614.5 | 583.4 | 560.4 | 523.0 | 448.0 | 433.6 | 411.4 | 408.6 | 382.6 | 383.5 | 384.3 | 348.2 | 76.0 | 0 | 0 |
| Gross Profit | 674.1 | 397.0 | 283.1 | 216.4 | 158.7 | 137.6 | 117.6 | 161.9 | 200.9 | 275.0 | 258.4 | 221.3 | 196.3 | 190.2 | 164.4 | 123.3 | 16.9 | 0 | 0 |
| Operating Income | 236.0 | 203.5 | 119.1 | 76.7 | 46.3 | 35.5 | 10.1 | 41.7 | 101.3 | 176.4 | 160.8 | 125.1 | 109.9 | 107.1 | 80.0 | 37.4 | (12.3) | (2.6) | (0.0) |
| Net Income | 114.4 | 112.8 | 15.4 | 8.7 | (9.3) | (56.1) | (162.0) | (13.4) | 233.9 | 111.0 | 7.1 | 75.0 | 62.5 | 64.6 | 39.7 | 22.7 | (44.4) | 1.7 | (0.0) |
| EPS (Diluted) | 1.06 | 0.94 | 0.12 | 0.07 | -0.07 | -0.42 | -1.29 | -0.12 | 2.22 | 1.00 | -0.09 | 0.67 | 0.72 | 0.85 | 0.56 | 0.27 | -0.82 | 0.04 | -0.00 |
| Balance Sheet | |||||||||||||||||||
| Cash & Equivalents | 96.5 | 93.5 | 71.9 | 168.8 | 320.9 | 237.2 | 223.6 | 273.4 | 285.9 | 371.2 | 147.2 | 0.1 | |||||||
| Total Assets | 2,531.0 | 2,671.5 | 2,661.8 | 2,954.0 | 3,180.8 | 3,360.9 | 3,623.6 | 4,014.3 | 3,782.1 | 3,499.6 | 827.3 | 403.2 | |||||||
| Total Debt | 1,760.5 | 1,807.0 | 1,500.9 | 1,506.8 | 1,621.3 | 1,640.8 | 1,806.6 | 1,955.7 | 1,703.6 | 1,657.1 | 0 | 120.0 | |||||||
| Stockholders' Equity | 462.6 | 576.6 | 888.1 | 1,128.6 | 1,287.9 | 1,419.4 | 1,459.3 | 1,601.6 | 1,596.5 | 1,343.8 | 627.5 | 270.3 | |||||||
| Cash Flow | |||||||||||||||||||
| Operating Cash Flow | 400.1 | 376.0 | 314.9 | 344.7 | 302.9 | 249.8 | 198.1 | 263.7 | 259.6 | 225.2 | |||||||||
| Capital Expenditure | (100.3) | (69.9) | (73.5) | (71.3) | (42.1) | (38.7) | (117.8) | (391.4) | (400.1) | (405.7) | |||||||||
| Free Cash Flow | 299.8 | 306.1 | 241.4 | 273.5 | 260.7 | 211.1 | 80.3 | (127.7) | (140.5) | (180.5) | |||||||||