Iridium Communications Inc (IRDM)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 200,384 | 81,628 | 76,679 | 46,314 | 35,483 |
| Revenue | US$ in thousands | 830,682 | 790,723 | 721,034 | 614,500 | 583,439 |
| Operating profit margin | 24.12% | 10.32% | 10.63% | 7.54% | 6.08% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $200,384K ÷ $830,682K
= 24.12%
Based on the data provided, Iridium Communications Inc's operating profit margin has shown a positive trend over the years, indicating an improvement in the company's operational efficiency and profitability.
The operating profit margin increased from 6.08% as of December 31, 2020, to 7.54% as of December 31, 2021, reflecting a moderate improvement. Subsequently, there was a significant jump in the margin to 10.63% as of December 31, 2022, and remained relatively stable at 10.32% as of December 31, 2023.
The most notable increase was observed in the latest period, with the operating profit margin reaching 24.12% as of December 31, 2024. This substantial improvement suggests that Iridium Communications Inc has effectively managed its operating expenses and has likely increased its revenue relative to costs.
Overall, the trend in the operating profit margin indicates that the company has been successful in enhancing its profitability over the years, potentially through cost control measures, revenue growth strategies, or a combination of both.
Peer comparison
Dec 31, 2024