Iridium Communications Inc (IRDM)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 655,400 | 424,798 | 414,500 | 425,599 | 430,219 | 430,219 | 434,933 | 429,364 | 408,204 | 578,533 | 562,014 | 538,856 | 512,426 | 489,804 | 480,248 | 468,496 | 495,614 | 487,981 | 471,126 | 467,804 |
| Revenue (ttm) | US$ in thousands | 830,682 | 808,198 | 784,915 | 784,230 | 790,723 | 765,535 | 769,021 | 754,775 | 721,034 | 694,988 | 672,226 | 644,376 | 614,500 | 562,328 | 564,734 | 567,318 | 583,439 | 575,806 | 569,119 | 572,046 |
| Gross profit margin | 78.90% | 52.56% | 52.81% | 54.27% | 54.41% | 56.20% | 56.56% | 56.89% | 56.61% | 83.24% | 83.60% | 83.62% | 83.39% | 87.10% | 85.04% | 82.58% | 84.95% | 84.75% | 82.78% | 81.78% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $655,400K ÷ $830,682K
= 78.90%
Iridium Communications Inc's gross profit margin has shown fluctuations over the reported periods, ranging from a high of 87.10% on September 30, 2021, to a low of 52.56% on September 30, 2024. The trend indicates that the gross profit margin was generally increasing from March 31, 2020, to September 30, 2021, reaching its peak. However, there was a notable decline from December 31, 2021, to June 30, 2024, with the margin dropping significantly.
The most recent data on December 31, 2024, shows an improvement in the gross profit margin to 78.90%, which may suggest a potential recovery or stabilization in profitability compared to the preceding periods of decline. Overall, a high gross profit margin indicates that the company is efficiently managing its production costs and generating a healthy profit from its operations. Conversely, a decreasing gross profit margin may raise concerns about cost control, pricing strategies, or competitive pressures impacting the company's profitability.
Peer comparison
Dec 31, 2024