The Filing Desk

Iridium Communications vs Lumen Technologies

Iridium Communications IRDM · Lumen Technologies LUMN · Alternative Carriers

Lumen Technologies reported revenue of $12.4 billion in fiscal 2025, 14.2 times Iridium Communications' $872 million in fiscal 2025. Iridium Communications' revenue grew 4.9% in its latest year, and Lumen Technologies' fell 5.4%. Iridium Communications had an operating margin of 27.1%, against -6.5% at Lumen Technologies. Free cash flow was $300 million at Iridium Communications and $371 million at Lumen Technologies.

Side by side

Iridium CommunicationsLumen Technologies
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$872M$12.4B
Revenue growth4.9%−5.4%
Revenue growth a year, last 5 years8.4%−9.7%
Gross margin—46.5%
Operating margin27.1%−6.5%
Net margin13.1%−14.0%
Free cash flow$300M$371M
Free cash flow margin34.4%3.0%
Return on capital8.7%−3.9%
Net debt to EBITDA3.7x8.7x
Dividends and buybacks$249M$1M
Change in diluted share count−10.0%0.7%
Last close$44.52$4.43
P/E at the last close29.5×—
Insider trades, last 12 monthsbought $871,300, sold $20.4 millionbought $1.1 million, sold $355,050
Piotroski F-score7 of 84 of 9
Amounts in each company's own currency, US$ 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
Iridium CommunicationsLumen Technologies
Operating margin
Percent of revenue
Iridium CommunicationsLumen Technologies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Iridium CommunicationsLumen Technologies

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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 Iridium Communications and Lumen Technologies pages.