IRDM
Iridium Communications Inc.
IRDM trails on the overall score without a compensating advantage in the available component scores.
NFLX
Netflix, Inc.
NFLX has the edge over IRDM overall, supported by stronger modeled upside and stronger valuation.
IRDM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Weak |
IRDM's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
NFLX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
NFLX's revenue, profitability, cash flow and balance sheet are all currently healthy.
IRDM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $36.38 | -21% |
| Current | 31x | $46.12 | — |
| Fair | 40x | $60.39 | +31% |
| Forward | 68x | $46.12 | — |
| Expensive | 489x | $738 | +1501% |
Historical ranges are pointers, not guarantees.
IRDM's PE is in its fair range at 31x. Analysts expect earnings to fall, which would put today's price at 68x next year's earnings.
NFLX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $62.69 | — |
| Current | 18x | $62.69 | — |
| Cheap | 27x | $94.95 | +51% |
| Fair | 47x | $161 | +157% |
| Expensive | 81x | $281 | +348% |
Historical ranges are pointers, not guarantees.
NFLX has the edge over IRDM in the historical PE scenario, which offers more potential upside but is not a forecast.
IRDM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect IRDM's revenue to grow, but its earnings and profitability to decline. However, they disagree widely on these estimates.
NFLX Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
NFLX has the edge over IRDM on the outlook, with more favorable valuation and earnings expectations.
IRDM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.68 | -55% |
| Q3 2026 | $1.51 | +35% |
| Q2 2026 | $0.88 | -10% |
| Q1 2026 | $0.99 | -5.7% |
| Q4 2025 | $1.06 | +13% |
| Q3 2025 | $1.12 | +20% |
| Q2 2025 | $0.98 | +38% |
| Q1 2025 | $1.05 | +425% |
| Q4 2024 | $0.94 | +683% |
IRDM earned $1.51 per share over the past year, up 35% from the year before.
NFLX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.58 | +3.5% |
| Q3 2026 | $3.46 | +45% |
| Q2 2026 | $3.18 | +35% |
| Q1 2026 | $3.10 | +46% |
| Q4 2025 | $2.53 | +28% |
| Q3 2025 | $2.39 | +35% |
| Q2 2025 | $2.35 | +47% |
| Q1 2025 | $2.12 | +47% |
| Q4 2024 | $1.98 | +65% |
NFLX has the edge over IRDM on earnings, with more consistent year-over-year improvement.
IRDM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $245.7M | +8.3% |
| Q2 2026 | $225.2M | +3.8% |
| Q1 2026 | $219.1M | +1.9% |
| Q4 2025 | $212.9M | 0% |
| Q3 2025 | $226.9M | +6.7% |
| Q2 2025 | $216.9M | +7.9% |
| Q1 2025 | $214.9M | +5.4% |
| Q4 2024 | $213M | +9.4% |
IRDM's revenue has held roughly level: $246M last quarter, up 8.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | -18 points |
| Q2 2026 | 15% | -8.1 points |
| Q1 2026 | 23% | -5 points |
| Q4 2025 | 26% | +1.5 points |
| Q3 2025 | 31% | +5.1 points |
| Q2 2025 | 23% | +1.5 points |
| Q1 2025 | 28% | +3.7 points |
| Q4 2024 | 24% | +0.7 points |
IRDM's operating margin was 13% last quarter, down 18 points from the same quarter a year ago.
NFLX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12.9B | +12% |
| Q2 2026 | $12.6B | +13% |
| Q1 2026 | $12.2B | +16% |
| Q4 2025 | $12.1B | +18% |
| Q3 2025 | $11.5B | +17% |
| Q2 2025 | $11.1B | +16% |
| Q1 2025 | $10.5B | +13% |
| Q4 2024 | $10.2B | +16% |
NFLX has the edge over IRDM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +6.4 points |
| Q2 2026 | 33% | -0.7 points |
| Q1 2026 | 32% | +0.5 points |
| Q4 2025 | 25% | +2.4 points |
| Q3 2025 | 28% | -1.4 points |
| Q2 2025 | 34% | +6.8 points |
| Q1 2025 | 32% | +3.7 points |
| Q4 2024 | 22% | +5.2 points |
NFLX has the edge over IRDM on profitability, with a higher operating margin.
IRDM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $68.5M | -14% |
| Q2 2026 | $92.3M | -15% |
| Q1 2026 | $41.7M | +14% |
| Q4 2025 | $75.1M | -6.7% |
| Q3 2025 | $79.2M | -21% |
| Q2 2025 | $108.9M | +59% |
| Q1 2025 | $36.5M | -36% |
| Q4 2024 | $80.5M | +12% |
IRDM's free cash flow has been positive every quarter for seven years: $278M over the past year, down 9.1% from the year before.
NFLX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.9B | +8.4% |
| Q2 2026 | $1.5B | -33% |
| Q1 2026 | $5.1B | +91% |
| Q4 2025 | $1.9B | +36% |
| Q3 2025 | $2.7B | +21% |
| Q2 2025 | $2.3B | +87% |
| Q1 2025 | $2.7B | +25% |
| Q4 2024 | $1.4B | -13% |
NFLX has the edge over IRDM on cash flow, with more consistent year-over-year improvement.
IRDM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +458K shares |
| 1 year | +2.3% | +2.5M shares |
| 3 years | -13% | -16.3M shares |
| 5 years | -18% | -23.9M shares |
| Available history | -13% | -16.2M shares |
IRDM has 109M diluted shares, up 2.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $30,000 |
| Q3 2025 | $50.4M |
| Q2 2025 | $65.6M |
| Q1 2025 | $70.5M |
| Q4 2024 | $123.1M |
IRDM has spent almost nothing on buybacks in the past year.
NFLX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -66.2M shares |
| 1 year | -3.3% | -145M shares |
| 3 years | -6.8% | -305M shares |
| 5 years | -7.8% | -354M shares |
| Available history | -7.1% | -323M shares |
NFLX has the edge over IRDM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.8B |
| Q2 2026 | $4.7B |
| Q1 2026 | $1.3B |
| Q4 2025 | $2.1B |
| Q3 2025 | $1.9B |
| Q2 2025 | $1.7B |
| Q1 2025 | $3.5B |
| Q4 2024 | $963.7M |
NFLX spent $12.9B buying back its own shares over the past year, up 61% from the year before.
IRDM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.6x | High |
| Q2 2026 | 3.7x | Elevated |
| Q1 2026 | 3.8x | Elevated |
| Q4 2025 | 3.7x | Elevated |
| Q3 2025 | 3.9x | Elevated |
| Q2 2025 | 4.1x | High |
| Q1 2025 | 4.2x | High |
| Q4 2024 | 4.2x | High |
IRDM's net debt is about 5.6 years of its operating earnings (EBITDA), up from 3.9 years a year ago.
NFLX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.7x | Very low |
NFLX has the edge over IRDM on leverage, with a lower net debt burden relative to earnings.
IRDM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.3 | Neutral |
| Stochastic | 34.5 | Neutral |
IRDM's weekly RSI is 54 (neutral) and its Stochastic is 34 (neutral).
NFLX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.2 | Neutral |
| Stochastic | 6.0 | Oversold |
NFLX's weekly RSI is 33 (neutral) and its Stochastic is 6 (oversold).
IRDM PE vs Communication Services Sector
| Metric | IRDM | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 16x | 85% above |
| PE % | 33 | 26 | 7 pts above |
IRDM is trading at 31x earnings, a 85% premium to the Communication Services sector's median of 16x.
NFLX PE vs Communication Services Sector
| Metric | NFLX | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 16x | 9.8% above |
| PE % | 4 | 26 | 22 pts below |
NFLX has the edge over IRDM on valuation relative to its sector.
IRDM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $46.1 | 0.2% above |
| 20 week MA | $47.5 | 2.8% below |
| 50 week MA | $37.3 | 24% above |
| 100 week MA | $31.2 | 48% above |
| 200 week MA | $36.2 | 27% above |
IRDM has the edge over NFLX on trend strength, trading above more of its moving averages.
NFLX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $66.6 | 5.9% below |
| 20 week MA | $71.8 | 13% below |
| 50 week MA | $82.4 | 24% below |
| 100 week MA | $96.0 | 35% below |
| 200 week MA | $74.4 | 16% below |
NFLX is in a downtrend: it's below all five of its weekly moving averages, and 16% below its 200-week average.
IRDM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.1 | $39.1 | +55% |
| 2021 | $39.1 | $42.3 | +8.3% |
| 2022 | $42.3 | $50.6 | +20% |
| 2023 | $50.6 | $41.2 | -19% |
| 2024 | $41.2 | $29.1 | -29% |
| 2025 | $29.1 | $17.2 | -41% |
| 2026 YTD | $17.2 | $46.1 | +168% |
IRDM has the edge over NFLX on returns for 2026, with the stronger performance.
NFLX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.9 | $51.4 | +56% |
| 2021 | $51.4 | $61.4 | +19% |
| 2022 | $61.4 | $29.5 | -52% |
| 2023 | $29.5 | $48.7 | +65% |
| 2024 | $48.7 | $90.8 | +86% |
| 2025 | $90.8 | $94.5 | +4.1% |
| 2026 YTD | $94.5 | $62.7 | -34% |
NFLX is down 34% so far in 2026, after finishing higher in five of the previous six years.