Iridium Communications Inc.
$6.67B- Market cap
- $5.00B
- Debt
- +$1.76B
- Cash
- −$96.50M
Capital structure 74% equity / 26% debt · EV / Revenue 7.65x · EV / EBITDA 14.50x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: IRDM stock price at discount vs CDNS $47.21 current versus $76.43 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at CDNS's multiple
Implied fair value · at IRDM's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: IRDM FY 2025 (ended Dec 31, 2025) · CDNS FY 2025 (ended Dec 31, 2025).
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 74% equity / 26% debt · EV / Revenue 7.65x · EV / EBITDA 14.50x
Capital structure 96% equity / 4% debt · EV / Revenue 15.24x · EV / EBITDA 42.44x
CDNS carries the larger enterprise value at $80.71B against $6.67B; IRDM trades on the lower EV / Revenue multiple (7.65x vs 15.24x); IRDM on the lower EV / EBITDA (14.50x vs 42.44x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Iridium Communications Inc. · implied price per share
Bear
$18.25
Base
$24.19
Bull
$31.93
CADENCE DESIGN SYSTEMS, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
3.81x
0.57x
Net debt / EBITDA
Leverage against operating earnings
3.62x
-0.02x
Cash and equivalents
Liquid reserves on the balance sheet
$96.50M
$3.16B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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