Iridium Communications Inc (IRDM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 112,776 | 15,415 | 8,722 | -9,319 | -56,054 |
| Revenue | US$ in thousands | 830,682 | 790,723 | 721,034 | 614,500 | 583,439 |
| Net profit margin | 13.58% | 1.95% | 1.21% | -1.52% | -9.61% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $112,776K ÷ $830,682K
= 13.58%
Iridium Communications Inc's net profit margin has shown a notable improvement over the past five years. Starting at a negative margin of -9.61% in December 31, 2020, the company managed to narrow its losses significantly by the end of 2021, with a net profit margin of -1.52%. Subsequently, the company continued on a positive trajectory, achieving a net profit margin of 1.21% by the end of 2022 and further improvement to 1.95% by the end of 2023.
The most substantial growth occurred between December 31, 2023, and December 31, 2024, where Iridium Communications Inc experienced a remarkable surge in profitability, reaching a net profit margin of 13.58%. This significant increase indicates enhanced operational efficiency and effective cost management by the company during this period.
Overall, the trend of increasing net profit margins suggests that Iridium Communications Inc has successfully turned its financial performance around and is steadily moving towards a more profitable position. It reflects positively on the company's ability to generate more earnings from its revenue and control its costs effectively.
Peer comparison
Dec 31, 2024