Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · View financials
Decision snapshot: IRDM stock price vs SPIR: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at SPIR's multiple
Needs SPIR P/E.
Implied fair value · at IRDM's multiple
Needs IRDM P/E.
Live quote
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: IRDM FY 2025 (ended Dec 31, 2025) · SPIR 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.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
Iridium Communications Inc. · implied price per share
Bear
$19.29
Base
$22.69
Bull
$26.10
SPIRE GLOBAL, INC. · implied price per share
Bear
$13.93
Base
$16.39
Bull
$18.85
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.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
3.81x
0.87x
Net debt / EBITDA
Leverage against operating earnings
3.60x
0.21x
Cash and equivalents
Liquid reserves on the balance sheet
$104.05M
$81.78M
Total debt
Interest-bearing obligations outstanding
$1.76B
$98.55M
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe IRDM can sustain its operating profitability and growth without balance-sheet deterioration, then hold only selectively or wait for a lower entry point because the current price is well above both the DCF range and SPIR-implied valuation.
IRDM’s current price of $47.34 versus an implied P/E value of $8.15 suggests a very large downside gap of -82.8%. The stock also sits above SPIR-implied range top at $43.83, while remaining within its historical band and above the DCF upper bound.
Supporting Metrics
Live quote
