Iridium Communications Inc (IRDM)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 15,415 | -23,416 | -19,625 | 15,673 | 8,722 | 3,646 | -588 | -1,312 | -9,319 | -11,360 | -13,280 | -29,535 | -56,054 | -155,986 | -169,993 | -175,677 | -161,999 | -61,724 | -56,568 | -42,880 |
| Revenue (ttm) | US$ in thousands | 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 | 560,444 | 553,735 | 545,714 | 537,545 |
| Net profit margin | 1.95% | -3.06% | -2.55% | 2.08% | 1.21% | 0.52% | -0.09% | -0.20% | -1.52% | -2.02% | -2.35% | -5.21% | -9.61% | -27.09% | -29.87% | -30.71% | -28.91% | -11.15% | -10.37% | -7.98% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $15,415K ÷ $790,723K
= 1.95%
The net profit margin of Iridium Communications Inc has displayed fluctuations over the past quarters, varying from negative figures to positive figures. In Q4 2023, the net profit margin stood at 1.95%, indicating that the company generated a profit of 1.95 cents for every dollar of revenue earned. This represents an improvement compared to the previous quarter, where the net profit margin was -2.96%, signifying a loss of 2.96 cents for every dollar of revenue.
The company experienced a similar trend in Q1 2023, with a net profit margin of 2.07%, suggesting profitability, following two consecutive quarters of negative net profit margins. In comparison, the net profit margins in Q2 and Q3 of 2023 were -2.53% and 0.53%, respectively, indicating inconsistent financial performance during those periods.
Looking back to the same quarters in 2022, the net profit margin was generally lower, with figures ranging from 1.21% in Q4 to -0.21% in Q1. This demonstrates that Iridium Communications Inc has made some progress in enhancing its profitability from the previous year.
Overall, there have been fluctuations in Iridium Communications Inc's net profit margin over the quarters analyzed, with positive and negative values indicating varying levels of profitability and financial performance.
Peer comparison
Dec 31, 2023