Iridium Communications Inc (IRDM) Key Metrics
IRDM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.64B
- Enterprise value
- $6.70B
- P/E (TTM)
- 49.7 10-yr median 23.6
- Forward P/E
- 24.5
- PEG ratio
- 1.89
- Price / sales
- 5.2 10-yr median 4.8
- Price / book
- 10.8 10-yr median 3.9
- EV / EBITDA
- 15.9 10-yr median 16.2
- Dividend yield
- 1.37% $0.60 a year
- Beta
- 0.85
IRDM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsIRDM valuation Price multiples at each fiscal year-end price.
IRDM returns How much profit the business earns on the capital it uses.
IRDM per-share figures Results divided by the shares outstanding at year-end.
IRDM financial health Debt, liquidity and how easily interest is covered.
IRDM efficiency & capital use Working capital cycle and where the cash goes.
IRDM valuation history
IRDM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IRDM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IRDM cash returned to shareholders
IRDM price vs earnings per share
IRDM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.87B | $3.48B | $5.24B | $6.69B | $5.51B | $5.25B | $3.08B | $2.07B | $1.16B | $920.4M |
| Enterprise value | $3.54B | $5.19B | $6.67B | $8.03B | $6.81B | $6.65B | $4.67B | $3.75B | $2.56B | $2.17B |
| P/E ratio | 16.4 | 30.8 | 339.7 | 766.9 | — | — | — | — | 5.0 | 8.3 |
| Price / sales | 2.2 | 4.2 | 6.6 | 9.3 | 9.0 | 9.0 | 5.5 | 4.0 | 2.6 | 2.1 |
| Price / book | 4.1 | 6.0 | 5.9 | 5.9 | 4.3 | 3.7 | 2.1 | 1.3 | 0.7 | 0.7 |
| Price / free cash flow | 6.3 | 11.4 | 21.7 | 24.5 | 21.1 | 24.9 | 38.4 | — | — | — |
| Price / operating cash flow | 4.7 | 9.2 | 16.6 | 19.4 | 18.2 | 21.0 | 15.6 | 7.8 | 4.5 | 4.1 |
| EV / sales | 4.1 | 6.2 | 8.4 | 11.1 | 11.1 | 11.4 | 8.3 | 7.2 | 5.7 | 5.0 |
| EV / EBITDA | 8.0 | 12.5 | 17.5 | 20.8 | 19.4 | 21.2 | 21.2 | 14.8 | 10.6 | 9.5 |
| EV / free cash flow | 11.8 | 17.0 | 27.6 | 29.4 | 26.1 | 31.5 | 58.1 | — | — | — |
| Earnings yield | 6.1% | 3.2% | 0.3% | 0.1% | −0.2% | −1.1% | −5.3% | −0.6% | 20.2% | 12.1% |
| Free cash flow yield | 16.0% | 8.8% | 4.6% | 4.1% | 4.7% | 4.0% | 2.6% | −6.2% | −12.1% | −19.6% |
| Dividend yield | 3.4% | 1.9% | 1.2% | 0.0% | 0.1% | 0.2% | 0.3% | 0.7% | 0.3% | 1.7% |
| Shareholder yield (dividends + buybacks) | 13.3% | 13.6% | 6.0% | 3.8% | 3.1% | 0.2% | 0.3% | 0.8% | 0.5% | 1.7% |
| Share price at fiscal year-end | $17.38 | $29.02 | $41.16 | $51.40 | $41.29 | $39.33 | $24.64 | $18.45 | $11.80 | $9.60 |
| Per share | ||||||||||
| Revenue per share | $8.08 | $6.93 | $6.22 | $5.54 | $4.60 | $4.37 | $4.48 | $4.66 | $4.56 | $4.52 |
| Earnings per share | $1.06 | $0.94 | $0.12 | $0.07 | −$0.07 | −$0.42 | −$1.29 | −$0.12 | $2.38 | $1.16 |
| Operating cash flow per share | $3.71 | $3.14 | $2.48 | $2.65 | $2.27 | $1.87 | $1.58 | $2.35 | $2.64 | $2.35 |
| Free cash flow per share | $2.78 | $2.55 | $1.90 | $2.10 | $1.95 | $1.58 | $0.64 | −$1.14 | −$1.43 | −$1.88 |
| Cash per share | $0.89 | $0.78 | $0.56 | $1.30 | $2.40 | $1.83 | $1.79 | $2.44 | $3.03 | $4.28 |
| Book value per share | $4.29 | $4.81 | $6.98 | $8.67 | $9.65 | $10.63 | $11.66 | $14.27 | $16.26 | $14.02 |
| Tangible book value per share | $2.57 | $3.24 | $6.66 | $8.35 | $9.32 | $10.29 | $11.28 | $13.84 | $15.75 | $13.54 |
| Dividends per share | $0.58 | $0.54 | $0.51 | $0.00 | $0.06 | $0.06 | $0.07 | $0.14 | $0.04 | $0.16 |
| Capex per share | $0.93 | $0.58 | $0.58 | $0.55 | $0.32 | $0.29 | $0.94 | $3.49 | $4.07 | $4.23 |
| Debt per share | $16.33 | $15.08 | $11.80 | $11.58 | $12.14 | $12.29 | $14.43 | $17.43 | $17.35 | $17.28 |
| Shares outstanding | 107.8M | 119.8M | 127.2M | 130.1M | 133.5M | 133.5M | 125.2M | 112.2M | 98.2M | 95.9M |
| Change in shares outstanding | −10.0% | −5.8% | −2.2% | −2.5% | +0.0% | +6.7% | +11.6% | +14.3% | +2.4% | +0.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 22.0% | 15.4% | 1.5% | 0.7% | −0.7% | −3.9% | −10.6% | −0.8% | 15.9% | 8.6% |
| Return on invested capital (ROIC) | 8.6% | 8.0% | 3.9% | 2.9% | 1.4% | 1.0% | 0.3% | 1.0% | 3.6% | 4.4% |
| Return on assets (ROA) | 4.4% | 4.2% | 0.5% | 0.3% | −0.3% | −1.6% | −4.2% | −0.3% | 6.4% | 3.3% |
| Return on tangible assets | 4.9% | 4.5% | 0.6% | 0.3% | −0.3% | −1.7% | −4.5% | −0.3% | 6.3% | 3.2% |
| Free cash flow margin | 34.4% | 36.8% | 30.5% | 37.9% | 42.4% | 36.2% | 14.3% | −24.4% | −31.4% | −41.6% |
| Income quality (OCF / net income) | 3.50 | 3.33 | 20.43 | 39.52 | — | — | — | — | 1.11 | 2.03 |
| Financial health | ||||||||||
| Total debt | $1.76B | $1.81B | $1.50B | $1.51B | $1.62B | $1.64B | $1.81B | $1.96B | $1.70B | $1.66B |
| Cash & short-term investments | $96.5M | $93.5M | $71.9M | $168.8M | $320.9M | $244.7M | $223.6M | $273.4M | $297.6M | $410.5M |
| Net debt | $1.66B | $1.71B | $1.43B | $1.34B | $1.30B | $1.40B | $1.58B | $1.68B | $1.41B | $1.25B |
| Debt / equity | 3.81 | 3.13 | 1.69 | 1.34 | 1.26 | 1.16 | 1.24 | 1.22 | 1.07 | 1.23 |
| Debt / assets | 0.70 | 0.68 | 0.56 | 0.51 | 0.51 | 0.49 | 0.50 | 0.49 | 0.45 | 0.47 |
| Net debt / EBITDA | 3.78 | 4.12 | 3.76 | 3.47 | 3.71 | 4.46 | 7.21 | 6.66 | 5.81 | 5.45 |
| Current ratio | 2.48 | 1.73 | 2.06 | 2.16 | 3.90 | 3.04 | 3.01 | 1.49 | 1.92 | 6.21 |
| Quick ratio | 1.82 | 1.25 | 1.37 | 1.88 | 3.63 | 2.75 | 2.66 | 1.38 | 1.83 | 5.99 |
| Interest coverage | 2.4 | 2.0 | 1.2 | 1.1 | 0.6 | 0.4 | 0.1 | 0.8 | — | 131.0 |
| Working capital | $164.8M | $123.5M | $139.5M | $164.6M | $315.6M | $230.9M | $229.2M | $127.7M | $196.8M | $433.6M |
| Invested capital | $2.13B | $2.29B | $2.32B | $2.47B | $2.59B | $2.82B | $3.04B | $3.28B | $3.00B | $2.59B |
| Tangible asset value | $276.7M | $387.6M | $847.0M | $1.09B | $1.24B | $1.37B | $1.41B | $1.55B | $1.55B | $1.30B |
| Net current asset value | −$1.79B | −$1.80B | −$1.50B | −$1.52B | −$1.47B | −$1.60B | −$1.82B | −$2.02B | −$1.77B | −$1.64B |
| Graham number | $10.12 | $10.10 | $4.36 | $3.62 | — | — | — | — | $29.51 | $19.11 |
| Graham net-net per share | −$17.29 | −$15.75 | −$12.48 | −$12.10 | −$11.31 | −$12.25 | −$14.93 | −$18.47 | −$18.60 | −$17.66 |
| Capital allocation | ||||||||||
| Dividends paid | $62.9M | $64.7M | $64.8M | $0 | $7.4M | $8.2M | $8.4M | $15.4M | $3.9M | $15.4M |
| Share buybacks (net) | $186.5M | $407.7M | $247.0M | $257.1M | $163.4M | $4.5M | $0 | $2.0M | $1.9M | $627,000 |
| Dividend payout ratio | 55.0% | 57.4% | 420.2% | 0.0% | — | — | — | — | 1.7% | 13.9% |
| Dividends + buybacks / free cash flow | 83.2% | 154.4% | 129.1% | 94.0% | 65.5% | 6.0% | 10.4% | — | — | — |
| Capex / revenue | 11.5% | 8.4% | 9.3% | 9.9% | 6.9% | 6.6% | 21.0% | 74.8% | 89.3% | 93.6% |
| Capex / operating cash flow | 25.1% | 18.6% | 23.3% | 20.7% | 13.9% | 15.5% | 59.5% | 148.4% | 154.1% | 180.1% |
| Capex / depreciation | 0.48 | 0.34 | 0.26 | 0.23 | 0.14 | 0.13 | 0.40 | 1.79 | 3.27 | 8.21 |
| Stock-based compensation / revenue | 5.9% | 7.6% | 7.3% | 6.1% | 4.4% | 2.9% | 2.7% | 2.8% | 3.6% | 3.2% |
| R&D / revenue | 2.3% | 3.4% | 2.6% | 2.2% | 1.9% | 2.1% | 2.6% | 4.3% | 3.4% | 3.7% |
| SG&A / revenue | 18.1% | 20.2% | 18.2% | 17.1% | 16.4% | 15.4% | 16.6% | 18.7% | 18.8% | 19.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 40.3 | 41.9 | 40.2 | 36.9 | 37.0 | 40.6 | 45.6 | 48.6 | 51.1 | 45.9 |
| Days of inventory on hand | 143.2 | 72.6 | 47.1 | 24.9 | 24.6 | 29.6 | 27.8 | 24.1 | 28.3 | 53.1 |
| Days payables outstanding | 34.5 | 20.4 | 18.0 | 13.6 | 12.2 | 8.6 | 8.1 | 28.3 | 40.1 | 49.1 |
| Cash conversion cycle (days) | 149.0 | 94.0 | 69.2 | 48.2 | 49.4 | 61.6 | 65.3 | 44.4 | 39.3 | 49.9 |
| Receivables turnover | 9.05 | 8.72 | 9.09 | 9.90 | 9.87 | 8.99 | 8.01 | 7.51 | 7.15 | 7.95 |
| Payables turnover | 10.57 | 17.93 | 20.29 | 26.87 | 29.81 | 42.26 | 45.23 | 12.90 | 9.11 | 7.44 |
| Inventory turnover | 2.55 | 5.03 | 7.76 | 14.67 | 14.82 | 12.31 | 13.13 | 15.17 | 12.91 | 6.88 |
| Asset turnover | 0.34 | 0.31 | 0.28 | 0.24 | 0.19 | 0.17 | 0.15 | 0.13 | 0.12 | 0.13 |
| Average receivables | $96.3M | $95.3M | $87.0M | $72.8M | $62.3M | $64.9M | $70.0M | $69.6M | $62.7M | $54.5M |
| Average payables | $18.7M | $24.2M | $25.0M | $18.8M | $15.3M | $10.6M | $9.8M | $28.0M | $27.1M | $21.3M |
| Average inventory | $77.5M | $86.2M | $65.5M | $34.4M | $30.8M | $36.2M | $33.7M | $23.8M | $19.1M | $23.1M |
| Intangibles / total assets | 7.3% | 7.1% | 1.5% | 1.4% | 1.4% | 1.4% | 1.3% | 1.2% | 1.3% | 1.3% |
Computed from IRDM's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
IRDM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Iridium Communications traded at 16.4 times earnings, against a 10-year median of 23.6. Based on the latest twelve months, the trailing P/E is 49.7 and the forward P/E is 24.5. Iridium Communications earned a return on equity of 22.0% and a return on invested capital of 8.6% in fiscal 2025. It ended the year with $1.8 billion of debt and $96.5 million in cash and short-term investments, net debt of $1.7 billion. It returned $249.3 million to shareholders: $62.9 million in dividends and $186.5 million in share buybacks, 83% of free cash flow. The share count rose 12.5% from 95.9M to 107.8M over 9 years.
See the IRDM income statement, the IRDM chart for price history, or the IRDM stock overview for the latest quote and news.
IRDM key metrics FAQ
What is Iridium Communications's P/E ratio?
Iridium Communications's trailing P/E ratio is 49.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 24.5. At the end of fiscal 2025 it was 16.4, compared with a 10-year median of 23.6.
What is Iridium Communications's EV/EBITDA?
Iridium Communications's enterprise value was 8.0 times EBITDA at the end of fiscal 2025 (enterprise value $3.5 billion, EBITDA $440.4 million); the current EV/EBITDA is 15.9.
What is Iridium Communications's return on equity?
Iridium Communications's return on equity (ROE) was 22.0% in fiscal 2025: net income of $114.4 million on average shareholders' equity of $519.6 million.
What is Iridium Communications's ROIC?
Iridium Communications's return on invested capital was 8.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Iridium Communications have?
Iridium Communications had total debt of $1.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 3.81 and $1.7 billion of net debt (3.78 times EBITDA).
What is Iridium Communications's dividend yield?
Iridium Communications's forward dividend yield is 1.37%. Iridium Communications paid $62.9 million in dividends in fiscal 2025 ($0.58 per share), a payout ratio of 55.0%.
Does Iridium Communications buy back its shares?
Yes. Iridium Communications spent $186.5 million on net share repurchases in fiscal 2025 Shares outstanding changed −10.0% over the year, to 107.8M..
What is Iridium Communications's free cash flow yield?
Iridium Communications generated $299.8 million of free cash flow in fiscal 2025, a free cash flow yield of 16.0% on its market value at year-end ($1.9 billion).
What is Iridium Communications's current ratio?
Iridium Communications's current ratio was 2.48 at the end of fiscal 2025: current assets were 2.48 times current liabilities.