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Iridium Valuation Multiples
Discover revenue and EBITDA valuation multiples for Iridium and similar public comparables like Intuitive Machines, Spark New Zealand, Hwa Create, Fujian Star-Net and more.
Iridium Overview
About Iridium
Iridium Communications Inc is the commercial provider of communications services offering true globalised coverage, connecting people, organizations, and assets to and from anywhere, in real time. The company is a provider of mobile voice and data communications services through a constellation of low-earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies world-wide. The Company operates in one business segment, providing satellite communications services and products.
Founded
2007
HQ
Employees
975
Website
Financials (LTM)
EV
$4B
Iridium Financials
Iridium reported last 12-month revenue of $873M and EBITDA of $493M.
In the same LTM period, Iridium generated $629M in gross profit, $493M in EBITDA, and $120M in net income.
Revenue (LTM)
Iridium P&L
In the most recent fiscal year, Iridium reported revenue of $872M and EBITDA of $495M.
Iridium expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $873M | XXX | $872M | XXX | XXX | XXX |
| Gross Profit | $629M | XXX | $624M | XXX | XXX | XXX |
| Gross Margin | 72% | XXX | 72% | XXX | XXX | XXX |
| EBITDA | $493M | XXX | $495M | XXX | XXX | XXX |
| EBITDA Margin | 56% | XXX | 57% | XXX | XXX | XXX |
| EBIT Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $120M | XXX | $114M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Iridium Stock Performance
Iridium has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
Iridium's stock price is $24.77.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 0.0% | XXX | XXX | XXX | $1.09 |
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Start Free TrialIridium Valuation Multiples
Iridium trades at 4.9x EV/Revenue multiple, and 8.6x EV/EBITDA.
EV / Revenue (LTM)
Iridium Financial Valuation Multiples
As of March 7, 2026, Iridium has market cap of $3B and EV of $4B.
Equity research analysts estimate Iridium's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Iridium has a P/E ratio of 21.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBITDA | 8.6x | XXX | 8.6x | XXX | XXX | XXX |
| EV/EBIT | 18.1x | XXX | 18.1x | XXX | XXX | XXX |
| EV/Gross Profit | 6.8x | XXX | 6.8x | XXX | XXX | XXX |
| P/E | 21.6x | XXX | 22.7x | XXX | XXX | XXX |
| EV/FCF | 14.3x | XXX | 14.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Iridium Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Iridium Margins & Growth Rates
Iridium's revenue in the last 12 month grew by 1%.
Iridium's revenue per employee in the last FY averaged $0.9M.
Iridium's rule of 40 is 58% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Iridium's rule of X is 60% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Iridium Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 56% | XXX | 57% | XXX | XXX | XXX |
| EBITDA Growth | (2%) | XXX | (3%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 58% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 45% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Iridium Public Comps
See public comps and valuation multiples for other Satellite Communications and Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Intuitive Machines | XXX | XXX | XXX | XXX | XXX | XXX |
| Spark New Zealand | XXX | XXX | XXX | XXX | XXX | XXX |
| Hwa Create | XXX | XXX | XXX | XXX | XXX | XXX |
| Fujian Star-Net | XXX | XXX | XXX | XXX | XXX | XXX |
| Sonatel | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Iridium M&A Activity
Iridium acquired XXX companies to date.
Last acquisition by Iridium was on XXXXXXXX, XXXXX. Iridium acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Iridium
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIridium Investment Activity
Iridium invested in XXX companies to date.
Iridium made its latest investment on XXXXXXXX, XXXXX. Iridium invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Iridium
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Iridium
| When was Iridium founded? | Iridium was founded in 2007. |
| Where is Iridium headquartered? | Iridium is headquartered in United States. |
| How many employees does Iridium have? | As of today, Iridium has over 975 employees. |
| Who is the CEO of Iridium? | Iridium's CEO is Matthew J. Desch. |
| Is Iridium publicly listed? | Yes, Iridium is a public company listed on Nasdaq. |
| What is the stock symbol of Iridium? | Iridium trades under IRDM ticker. |
| When did Iridium go public? | Iridium went public in 2008. |
| Who are competitors of Iridium? | Iridium main competitors are Intuitive Machines, Spark New Zealand, Hwa Create, Fujian Star-Net. |
| What is the current market cap of Iridium? | Iridium's current market cap is $3B. |
| What is the current revenue of Iridium? | Iridium's last 12 months revenue is $873M. |
| What is the current revenue growth of Iridium? | Iridium revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Iridium? | Current revenue multiple of Iridium is 4.9x. |
| Is Iridium profitable? | Yes, Iridium is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Iridium? | Iridium's last 12 months EBITDA is $493M. |
| What is Iridium's EBITDA margin? | Iridium's last 12 months EBITDA margin is 56%. |
| What is the current EV/EBITDA multiple of Iridium? | Current EBITDA multiple of Iridium is 8.6x. |
| What is the current FCF of Iridium? | Iridium's last 12 months FCF is $298M. |
| What is Iridium's FCF margin? | Iridium's last 12 months FCF margin is 34%. |
| What is the current EV/FCF multiple of Iridium? | Current FCF multiple of Iridium is 14.3x. |
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