The Filing Desk

Iridium Communications vs Uniti Group

Iridium Communications IRDM · Uniti Group UNIT · Alternative Carriers

Uniti Group reported revenue of $2.2 billion in fiscal 2025, 2.6 times Iridium Communications' $872 million in fiscal 2025. Iridium Communications' revenue grew 4.9% in its latest year, and Uniti Group's grew 91.5%. Iridium Communications had an operating margin of 27.1%, against 11.7% at Uniti Group. Free cash flow was $300 million at Iridium Communications and −$438 million at Uniti Group.

Side by side

Iridium CommunicationsUniti Group
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$872M$2.2B
Revenue growth4.9%91.5%
Revenue growth a year, last 5 years8.4%—
Gross margin——
Operating margin27.1%11.7%
Net margin13.1%58.4%
Free cash flow$300M−$438M
Free cash flow margin34.4%−19.6%
Return on capital8.7%4.0%
Net debt to EBITDA3.7x10.3x
Dividends and buybacks$249M$0M
Change in diluted share count−10.0%86.2%
Last close$44.52$4.85
P/E at the last close29.5×—
Insider trades, last 12 monthsbought $871,300, sold $20.4 millionsold $58,575
Piotroski F-score7 of 8—
Amounts in each company's own currency, US$ 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
Iridium CommunicationsUniti Group
Operating margin
Percent of revenue
Iridium CommunicationsUniti Group
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Iridium CommunicationsUniti Group

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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 Uniti Group pages.