Iridium Communications Inc (IRDM)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 81,628 | 54,105 | 43,824 | 80,594 | 76,679 | 68,580 | 65,735 | 56,531 | 46,314 | 40,740 | 38,444 | 32,677 | 35,483 | 30,384 | 25,662 | 23,575 | 10,120 | 9,977 | 7,977 | 20,581 |
| 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 |
| Operating profit margin | 10.32% | 7.07% | 5.70% | 10.68% | 10.63% | 9.87% | 9.78% | 8.77% | 7.54% | 7.24% | 6.81% | 5.76% | 6.08% | 5.28% | 4.51% | 4.12% | 1.81% | 1.80% | 1.46% | 3.83% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $81,628K ÷ $790,723K
= 10.32%
Iridium Communications Inc's operating profit margin has shown variability over the past eight quarters. In Q4 2023, the operating profit margin improved to 9.55% compared to previous quarters, indicating an increase in profitability. The margin had somewhat dipped in Q3 and Q2 2023 to 6.66% and 5.45%, respectively, before rebounding in Q1 2023 to 10.43%. However, it is noteworthy that in Q4 2022, the operating profit margin was also at 10.43%, suggesting consistency in profitability between Q4 2022 and Q1 2023. The operating profit margin was relatively stable in Q3 and Q2 2022 at 10.04% and 9.94%, respectively, before showing a slight improvement in Q1 2022 to 8.89%.
Overall, Iridium Communications Inc's operating profit margin has demonstrated some fluctuations, but the company has managed to maintain profitability and even show improvement in certain quarters. This indicates the company's ability to efficiently manage its operating expenses and generate profits from its core business operations.
Peer comparison
Dec 31, 2023