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Iridium Communications vs Cogent Communications Holdings: IRDM and CCOI compared
Iridium Communications is the larger company: $246M of revenue in its latest quarter (Q3 2026) against $231M for Cogent Communications Holdings (Q3 2026). Iridium Communications is growing faster (+8% against -4% a year earlier). Iridium Communications is more profitable, with an operating margin of 12.9% against -3.0%.
Where the money goes: IRDM and CCOI
Iridium Communications (IRDM) · Q3 2026
Iridium Communications, Q3 2026: revenue $246M (+8% year over year), operating margin 12.9%, net earnings $107M, operating cash flow $95.9M. The chart follows the revenue to costs, profit and cash.
Cogent Communications Holdings (CCOI) · Q3 2026
Cogent Communications Holdings, Q3 2026: revenue $231M (-4% year over year), operating margin -3.0%, net loss $29.8M, operating cash flow $3.8M. The chart follows the revenue to costs, profit and cash.
| Iridium Communications (IRDM) | Cogent Communications Holdings (CCOI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $246M | $231M |
| Revenue growth, Y/Y | +8% | -4% |
| Operating margin | 12.9% | -3.0% |
| Net earnings | $107M | −$29.8M |
| Net margin | 43.5% | -12.9% |
| Operating cash flow | $95.9M | $3.8M |
| Free cash flow | $68.5M | — |
| Market value | $5.2B | $414M |
| P/E | 31.4× | — |
| Analysts’ mean target | $48.00 | $11.63 |
Where the revenue comes from
Iridium Communications
- Services: $187M (76%)
- Engineering and support services: $39.2M (16%)
- Subscriber equipment: $19.0M (8%)
Cogent Communications Holdings
- On-net: $138M (60%)
- Off-net: $76.6M (33%)
- Wavelength: $16.0M (7%)
Questions
Which is bigger, Iridium Communications or Cogent Communications Holdings?
Iridium Communications is the larger company: $246M of revenue in its latest quarter (Q3 2026) against $231M for Cogent Communications Holdings (Q3 2026).
Is Iridium Communications or Cogent Communications Holdings growing faster?
Iridium Communications is growing faster (+8% against -4% a year earlier).
Which is more profitable, Iridium Communications or Cogent Communications Holdings?
Iridium Communications is more profitable, with an operating margin of 12.9% against -3.0%.
More: Iridium Communications earnings · how Iridium Communications makes money · Cogent Communications Holdings earnings · how Cogent Communications Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 20, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.