Iridium Communications (IRDM) Operating Margin (2009 - 2026)
Iridium Communications' Operating Margin was 12.87% in Q3 2026, down 18.02 percentage points from 30.88% a year earlier and down 2.23 percentage points from the prior quarter.
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Analysis
Iridium Communications (IRDM) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Iridium Communications' Operating Margin was 19.00% through Sep 30, 2026, down 7.71 percentage points year-over-year; for FY2025, it came in at 27.07%, up 2.95 percentage points from FY2024.
- Operating Margin shows a five-year change of +20.99 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 24.12% in FY2024 (+13.80 pp), 10.32% in FY2023 (-0.31 pp), 10.63% in FY2022 (+3.10 pp) and 7.54% in FY2021 (+1.46 pp).
- The Q3 2026 figure marks the lowest quarterly Operating Margin since Q2 2023.
- Compared with a year earlier, Operating Margin has declined for three straight quarters, with an average year-over-year change of -2.33 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q2 2024 (a gain of 29.98 percentage points); the worst was Q2 2023 (a drop of 20.16 percentage points).
- Per Business Quant data, IRDM's Operating Margin in the three quarters before Q3 2026 was 15.10% (Q2 2026), 23.15% (Q1 2026) and 25.95% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 191.94 Bn | 159.58 Bn | 27.05 Bn | 25.21% |
| 2 | T-Mobile US | 179.71 Bn | 162.14 Bn | 15.13 Bn | 24.00% |
| 3 | At&T | 147.73 Bn | 105.17 Bn | 26.22 Bn | 12.67% |
| 4 | Grupo Televisa, S.A.B | 146.85 Bn | 139.98 Bn | 960.50 Mn | 4.84% |
| 5 | Comcast | 87.61 Bn | 53.57 Bn | - | 18.16% |
| 6 | Chunghwa Telecom | 37.88 Bn | 30.37 Bn | 728.80 Mn | 21.61% |
| 7 | Vodafone Group Public | 37.71 Bn | 5.95 Bn | - | - |
| 8 | EchoStar | 30.28 Bn | 11.36 Bn | 647.20 Mn | 13.10% |
| 9 | Bce | 20.18 Bn | 18.41 Bn | 11.61 Bn | 51.26% |
| 10 | Iridium Communications | 4.90 Bn | 4.41 Bn | 173.46 Mn | 12.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.87% |
| Jun 30, 2026 | 15.10% |
| Mar 31, 2026 | 23.15% |
| Dec 31, 2025 | 25.95% |
| Sep 30, 2025 | 30.88% |
| Jun 30, 2025 | 23.17% |
| Mar 31, 2025 | 28.10% |
| Dec 31, 2024 | 24.47% |
| Sep 30, 2024 | 25.78% |
| Jun 30, 2024 | 21.71% |
| Mar 31, 2024 | 24.42% |
| Dec 31, 2023 | 23.77% |
| Sep 30, 2023 | 14.25% |
| Jun 30, 2023 | -8.27% |
| Mar 31, 2023 | 11.28% |
| Dec 31, 2022 | 9.68% |
| Sep 30, 2022 | 9.71% |
| Jun 30, 2022 | 11.89% |
| Mar 31, 2022 | 11.43% |
| Dec 31, 2021 | 6.85% |
API Access
Iridium Communications Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=IRDM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "IRDM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=IRDM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();