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Calix vs Iridium Communications: revenue, profit, margins and growth compared

Calix brought in $1B of revenue in fiscal 2025, Iridium Communications $871.7M in fiscal 2025. Revenue changed by +20.3% at Calix and +4.9% at Iridium Communications on the year before, so Calix grew faster. Calix kept 1.8% of its revenue as net profit, Iridium Communications 13.1%. Free cash flow was $115.5M at Calix and $299.8M at Iridium Communications.

Side by side, latest fiscal year

CALXIRDM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1B$871.7M
Revenue growth+20.3%+4.9%
Net income$17.9M$114.4M
Net margin1.8%13.1%
Free cash flow$115.5M$299.8M
Free cash flow margin11.6%34.4%
Earnings per share (diluted)$0.26$1.06
Cash$143.1M$96.5M
Debtn/a$1.8B
Price to earnings127.546.0
Market value$2.1B$5.2B
Dividend yieldn/an/a
Rank by revenue in sector#459 of 778 · Consumer discretionary#485 of 778 · Consumer discretionary

Over the years

Revenue
CALX FY2018: $441.3MCALX FY2019: $424.3MCALX FY2020: $541.2MCALX FY2021: $679.4MCALX FY2022: $867.8MCALX FY2023: $1BCALX FY2024: $831.5MCALX FY2025: $1BIRDM FY2018: $523MIRDM FY2019: $560.4MIRDM FY2020: $583.4MIRDM FY2021: $614.5MIRDM FY2022: $721MIRDM FY2023: $790.7MIRDM FY2024: $830.7MIRDM FY2025: $871.7MFY18FY19FY20FY21FY22FY23FY24FY25
CALX $1BIRDM $871.7M
Net income
CALX FY2018: -$19.3MCALX FY2019: -$17.7MCALX FY2020: $33.5MCALX FY2021: $238.4MCALX FY2022: $41MCALX FY2023: $29.3MCALX FY2024: -$29.7MCALX FY2025: $17.9MIRDM FY2018: -$13.4MIRDM FY2019: -$162MIRDM FY2020: -$56.1MIRDM FY2021: -$9.3MIRDM FY2022: $8.7MIRDM FY2023: $15.4MIRDM FY2024: $112.8MIRDM FY2025: $114.4MFY18FY19FY20FY21FY22FY23FY24FY25
CALX $17.9MIRDM $114.4M
Net margin
CALX FY2018: -4.4%CALX FY2019: -4.2%CALX FY2020: 6.2%CALX FY2021: 35.1%CALX FY2022: 4.7%CALX FY2023: 2.8%CALX FY2024: -3.6%CALX FY2025: 1.8%IRDM FY2018: -2.6%IRDM FY2019: -28.9%IRDM FY2020: -9.6%IRDM FY2021: -1.5%IRDM FY2022: 1.2%IRDM FY2023: 1.9%IRDM FY2024: 13.6%IRDM FY2025: 13.1%FY18FY19FY20FY21FY22FY23FY24FY25
CALX 1.8%IRDM 13.1%
Revenue growth
CALX FY2019: -3.8%CALX FY2020: +27.6%CALX FY2021: +25.5%CALX FY2022: +27.7%CALX FY2023: +19.8%CALX FY2024: -20.0%CALX FY2025: +20.3%IRDM FY2019: +7.2%IRDM FY2020: +4.1%IRDM FY2021: +5.3%IRDM FY2022: +17.3%IRDM FY2023: +9.7%IRDM FY2024: +5.1%IRDM FY2025: +4.9%FY19FY20FY21FY22FY23FY24FY25
CALX +20.3%IRDM +4.9%
Free cash flow
CALX FY2018: -$6.9MCALX FY2019: -$8.7MCALX FY2020: $43.6MCALX FY2021: $46.3MCALX FY2022: $13.1MCALX FY2023: $38.4MCALX FY2024: $50.3MCALX FY2025: $115.5MIRDM FY2018: -$127.7MIRDM FY2019: $80.3MIRDM FY2020: $211.1MIRDM FY2021: $260.7MIRDM FY2022: $273.5MIRDM FY2023: $241.4MIRDM FY2024: $306.1MIRDM FY2025: $299.8MFY18FY19FY20FY21FY22FY23FY24FY25
CALX $115.5MIRDM $299.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Calix and Iridium Communications

Which is bigger by revenue, Calix or Iridium Communications?

Calix is bigger by revenue: $1B in fiscal 2025, against $871.7M for Iridium Communications in fiscal 2025.

Which keeps more of its revenue as profit, Calix or Iridium Communications?

Calix had a net margin of 1.8% in fiscal 2025; Iridium Communications had 13.1% in fiscal 2025.

Which grew revenue faster, Calix or Iridium Communications?

In their latest fiscal years revenue changed by +20.3% at Calix and +4.9% at Iridium Communications.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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