Iridium Communications Inc.
$6.71B- Market cap
- $5.05B
- Debt
- +$1.76B
- Cash
- −$96.50M
Capital structure 74% equity / 26% debt · EV / Revenue 7.70x · EV / EBITDA 14.60x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: IRDM stock price near parity vs VIAV $47.66 current versus $50.16 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at VIAV's multiple
Implied fair value · at IRDM's multiple
Snapshot Sep 8, 11:51 AM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: IRDM FY 2025 (ended Dec 31, 2025) · VIAV FY 2026 (ended Jun 27, 2026). Fiscal years are not aligned.
Trendline
Seven 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 7.70x · EV / EBITDA 14.60x
Capital structure 97% equity / 3% debt · EV / Revenue 5.83x · EV / EBITDA 72.21x
VIAV carries the larger enterprise value at $8.85B against $6.71B; VIAV trades on the lower EV / Revenue multiple (5.83x vs 7.70x); IRDM on the lower EV / EBITDA (14.60x vs 72.21x).
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
Viavi Solutions 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
0.17x
Net debt / EBITDA
Leverage against operating earnings
3.62x
-3.30x
Cash and equivalents
Liquid reserves on the balance sheet
$96.50M
$649.80M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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