Iridium Communications Inc (IRDM)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 112,776 | 114,458 | 88,370 | 25,293 | 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 |
| 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 |
| Net profit margin | 13.58% | 14.16% | 11.26% | 3.23% | 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% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $112,776K ÷ $830,682K
= 13.58%
The net profit margin of Iridium Communications Inc has shown a significant improvement over the past few quarters. Starting from a negative percentage in early 2020, the company managed to narrow its losses steadily. By the end of 2021, the net profit margin turned slightly positive, and this trend continued into 2022 and 2023.
However, there were slight declines in the net profit margin in mid-2023, which rebounded by the end of the year. The most notable improvement occurred in 2024, where the net profit margin experienced a substantial increase, reaching double-digit percentages by the middle of the year and sustaining this level for the following quarters.
Overall, the trend in Iridium Communications Inc's net profit margin reflects a positive turnaround from losses to profits, indicating improved profitability and financial performance during the analyzed period.
Peer comparison
Dec 31, 2024