Bandwidth vs Iridium Communications
Iridium Communications reported revenue of $872 million in fiscal 2025, 1.2 times Bandwidth's $754 million in fiscal 2025. Bandwidth's revenue grew 0.7% in its latest year, and Iridium Communications' grew 4.9%. Bandwidth had an operating margin of -1.9%, against 27.1% at Iridium Communications. Free cash flow was $67 million at Bandwidth and $300 million at Iridium Communications.
Side by side
| Bandwidth | Iridium Communications | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $754M | $872M |
| Revenue growth | 0.7% | 4.9% |
| Revenue growth a year, last 5 years | 17.0% | 8.4% |
| Gross margin | 39.1% | — |
| Operating margin | −1.9% | 27.1% |
| Net margin | −1.7% | 13.1% |
| Free cash flow | $67M | $300M |
| Free cash flow margin | 8.9% | 34.4% |
| Return on capital | −2.1% | 8.7% |
| Net debt to EBITDA | 3.6x | 3.7x |
| Dividends and buybacks | $0M | $249M |
| Change in diluted share count | 10.2% | −10.0% |
| Last close | $40.34 | $44.04 |
| P/E at the last close | — | 29.2× |
| Insider trades, last 12 months | — | sold $19.8 million |
| Piotroski F-score | 6 of 9 | 7 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
BandwidthIridium Communications
Operating margin
Percent of revenue
BandwidthIridium Communications
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BandwidthIridium Communications
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Bandwidth and Iridium Communications pages.