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IRDM vs VSAT vs GSAT
Revenue, margins, valuation, and 5-year total return — side by side.
Communication Equipment
Telecommunications Services
IRDM vs VSAT vs GSAT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | Telecommunications Services | Communication Equipment | Telecommunications Services |
| Market Cap | $4.29B | $8.76B | $10.40B |
| Revenue (TTM) | $876M | $4.62B | $262M |
| Net Income (TTM) | $106M | $-185M | $-50M |
| Gross Margin | 62.5% | 48.8% | 57.2% |
| Operating Margin | 25.8% | -1.0% | 1.4% |
| Forward P/E | 36.5x | — | — |
| Total Debt | $1.76B | $7.52B | $542M |
| Cash & Equiv. | $97M | $1.61B | $391M |
IRDM vs VSAT vs GSAT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Iridium Communicati… (IRDM) | 100 | 176.5 | +76.5% |
| Viasat, Inc. (VSAT) | 100 | 160.2 | +60.2% |
| Globalstar, Inc. (GSAT) | 100 | 1837.9 | +1737.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IRDM vs VSAT vs GSAT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
IRDM carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 3 yrs, beta 1.05, yield 1.4%
- Beta 1.05, yield 1.4%, current ratio 2.48x
- Better valuation composite
VSAT is the clearest fit if your priority is momentum.
- +6.2% vs IRDM's +56.9%
GSAT is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 11.9%, EPS growth -195.0%, 3Y rev CAGR 26.3%
- 210.5% 10Y total return vs IRDM's 415.1%
- Lower volatility, beta 2.08, current ratio 3.16x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 11.9% revenue growth vs IRDM's 4.9% | |
| Value | Better valuation composite | |
| Quality / Margins | 12.1% margin vs GSAT's -19.0% | |
| Stability / Safety | Beta 1.05 vs VSAT's 2.92 | |
| Dividends | 1.4% yield, 3-year raise streak, vs GSAT's 0.1%, (1 stock pays no dividend) | |
| Momentum (1Y) | +6.2% vs IRDM's +56.9% | |
| Efficiency (ROA) | 4.1% ROA vs VSAT's -3.6%, ROIC 8.0% vs -0.7% |
IRDM vs VSAT vs GSAT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
IRDM vs VSAT vs GSAT — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
IRDM leads in 3 of 6 categories
VSAT leads 1 • GSAT leads 1 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
IRDM leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VSAT is the larger business by revenue, generating $4.6B annually — 17.6x GSAT's $262M. IRDM is the more profitable business, keeping 12.1% of every revenue dollar as net income compared to GSAT's -19.0%.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $876M | $4.6B | $262M |
| EBITDAEarnings before interest/tax | $439M | $1.3B | $93M |
| Net IncomeAfter-tax profit | $106M | -$185M | -$50M |
| Free Cash FlowCash after capex | $305M | $907M | $151M |
| Gross MarginGross profit ÷ Revenue | +62.5% | +48.8% | +57.2% |
| Operating MarginEBIT ÷ Revenue | +25.8% | -1.0% | +1.4% |
| Net MarginNet income ÷ Revenue | +12.1% | -4.0% | -19.0% |
| FCF MarginFCF ÷ Revenue | +34.8% | +19.6% | +57.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1.9% | +3.0% | +2.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -25.9% | +173.2% | -121.9% |
Valuation Metrics
VSAT leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, VSAT's 11.6x EV/EBITDA is more attractive than GSAT's 119.8x.
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $4.3B | $8.8B | $10.4B |
| Enterprise ValueMkt cap + debt − cash | $6.0B | $14.7B | $10.5B |
| Trailing P/EPrice ÷ TTM EPS | 38.29x | -15.02x | -138.93x |
| Forward P/EPrice ÷ next-FY EPS est. | 36.49x | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — |
| EV / EBITDAEnterprise value multiple | 13.35x | 11.61x | 119.79x |
| Price / SalesMarket cap ÷ Revenue | 4.92x | 1.94x | 41.52x |
| Price / BookPrice ÷ Book value/share | 9.46x | 1.89x | 28.75x |
| Price / FCFMarket cap ÷ FCF | 14.31x | — | 58.20x |
Profitability & Efficiency
IRDM leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
IRDM delivers a 22.8% return on equity — every $100 of shareholder capital generates $23 in annual profit, vs $-14 for GSAT. GSAT carries lower financial leverage with a 1.51x debt-to-equity ratio, signaling a more conservative balance sheet compared to IRDM's 3.81x. On the Piotroski fundamental quality scale (0–9), IRDM scores 8/9 vs GSAT's 5/9, reflecting strong financial health.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | +22.8% | -4.0% | -13.7% |
| ROA (TTM)Return on assets | +4.1% | -3.6% | -2.3% |
| ROICReturn on invested capital | +8.0% | -0.7% | -0.1% |
| ROCEReturn on capital employed | +9.6% | -0.7% | -0.1% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 5 | 5 |
| Debt / EquityFinancial leverage | 3.81x | 1.62x | 1.51x |
| Net DebtTotal debt minus cash | $1.7B | $5.9B | $151M |
| Cash & Equiv.Liquid assets | $97M | $1.6B | $391M |
| Total DebtShort + long-term debt | $1.8B | $7.5B | $542M |
| Interest CoverageEBIT ÷ Interest expense | 2.67x | 6.37x | -0.07x |
Total Returns (Dividends Reinvested)
GSAT leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in GSAT five years ago would be worth $44,428 today (with dividends reinvested), compared to $11,091 for IRDM. Over the past 12 months, VSAT leads with a +622.9% total return vs IRDM's +56.9%. The 3-year compound annual growth rate (CAGR) favors GSAT at 80.5% vs IRDM's -12.6% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | +129.4% | +78.8% | +28.1% |
| 1-Year ReturnPast 12 months | +56.9% | +622.9% | +312.9% |
| 3-Year ReturnCumulative with dividends | -33.3% | +82.7% | +487.6% |
| 5-Year ReturnCumulative with dividends | +10.9% | +34.1% | +344.3% |
| 10-Year ReturnCumulative with dividends | +415.1% | -11.0% | +210.5% |
| CAGR (3Y)Annualised 3-year return | -12.6% | +22.3% | +80.5% |
Risk & Volatility
Evenly matched — IRDM and VSAT each lead in 1 of 2 comparable metrics.
Risk & Volatility
IRDM is the less volatile stock with a 1.05 beta — it tends to amplify market swings less than VSAT's 2.92 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VSAT currently trades 99.7% from its 52-week high vs IRDM's 91.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.05x | 2.92x | 2.08x |
| 52-Week HighHighest price in past year | $44.36 | $67.48 | $82.85 |
| 52-Week LowLowest price in past year | $15.65 | $8.61 | $17.24 |
| % of 52W HighCurrent price vs 52-week peak | +91.5% | +99.7% | +98.9% |
| RSI (14)Momentum oscillator 0–100 | 60.0 | 64.9 | 66.2 |
| Avg Volume (50D)Average daily shares traded | 2.3M | 1.5M | 1.4M |
Analyst Outlook
IRDM leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: IRDM as "Buy", VSAT as "Buy", GSAT as "Hold". Consensus price targets imply -12.5% upside for IRDM (target: $36) vs -19.5% for GSAT (target: $66). For income investors, IRDM offers the higher dividend yield at 1.44% vs GSAT's 0.10%.
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $35.50 | $57.67 | $66.00 |
| # AnalystsCovering analysts | 13 | 20 | 5 |
| Dividend YieldAnnual dividend ÷ price | +1.4% | — | +0.1% |
| Dividend StreakConsecutive years of raises | 3 | — | 2 |
| Dividend / ShareAnnual DPS | $0.58 | — | $0.08 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.3% | +0.1% | 0.0% |
IRDM leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). VSAT leads in 1 (Valuation Metrics). 1 tied.
IRDM vs VSAT vs GSAT: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is IRDM or VSAT or GSAT a better buy right now?
For growth investors, Globalstar, Inc.
(GSAT) is the stronger pick with 11. 9% revenue growth year-over-year, versus 4. 9% for Iridium Communications Inc. (IRDM). Iridium Communications Inc. (IRDM) offers the better valuation at 38. 3x trailing P/E (36. 5x forward), making it the more compelling value choice. Analysts rate Iridium Communications Inc. (IRDM) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — IRDM or VSAT or GSAT?
Over the past 5 years, Globalstar, Inc.
(GSAT) delivered a total return of +344. 3%, compared to +10. 9% for Iridium Communications Inc. (IRDM). Over 10 years, the gap is even starker: IRDM returned +415. 1% versus VSAT's -11. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — IRDM or VSAT or GSAT?
By beta (market sensitivity over 5 years), Iridium Communications Inc.
(IRDM) is the lower-risk stock at 1. 05β versus Viasat, Inc. 's 2. 92β — meaning VSAT is approximately 177% more volatile than IRDM relative to the S&P 500. On balance sheet safety, Globalstar, Inc. (GSAT) carries a lower debt/equity ratio of 151% versus 4% for Iridium Communications Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — IRDM or VSAT or GSAT?
By revenue growth (latest reported year), Globalstar, Inc.
(GSAT) is pulling ahead at 11. 9% versus 4. 9% for Iridium Communications Inc. (IRDM). On earnings-per-share growth, the picture is similar: Viasat, Inc. grew EPS 50. 9% year-over-year, compared to -195. 0% for Globalstar, Inc.. Over a 3-year CAGR, GSAT leads at 26. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — IRDM or VSAT or GSAT?
Iridium Communications Inc.
(IRDM) is the more profitable company, earning 13. 1% net margin versus -25. 2% for Globalstar, Inc. — meaning it keeps 13. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IRDM leads at 27. 1% versus -2. 2% for VSAT. At the gross margin level — before operating expenses — IRDM leads at 77. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is IRDM or VSAT or GSAT more undervalued right now?
Analyst consensus price targets imply the most upside for IRDM: -12.
5% to $35. 50.
07Which pays a better dividend — IRDM or VSAT or GSAT?
In this comparison, IRDM (1.
4% yield), GSAT (0. 1% yield) pay a dividend. VSAT does not pay a meaningful dividend and should not be held primarily for income.
08Is IRDM or VSAT or GSAT better for a retirement portfolio?
For long-horizon retirement investors, Iridium Communications Inc.
(IRDM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 05), 1. 4% yield, +415. 1% 10Y return). Viasat, Inc. (VSAT) carries a higher beta of 2. 92 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (IRDM: +415. 1%, VSAT: -11. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between IRDM and VSAT and GSAT?
These companies operate in different sectors (IRDM (Communication Services) and VSAT (Technology) and GSAT (Communication Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
IRDM pays a dividend while VSAT, GSAT do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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