IRDM vs. ETN
Compare and contrast key facts about Iridium Communications Inc. (IRDM) and Eaton Corporation plc (ETN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRDM or ETN.
Correlation
The correlation between IRDM and ETN is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IRDM vs. ETN - Performance Comparison
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Key characteristics
IRDM:
-0.34
ETN:
0.03
IRDM:
-0.21
ETN:
0.29
IRDM:
0.98
ETN:
1.04
IRDM:
-0.21
ETN:
0.03
IRDM:
-0.95
ETN:
0.06
IRDM:
15.00%
ETN:
14.17%
IRDM:
43.71%
ETN:
38.49%
IRDM:
-66.86%
ETN:
-68.95%
IRDM:
-60.90%
ETN:
-12.21%
Fundamentals
IRDM:
$2.75B
ETN:
$128.77B
IRDM:
$1.05
ETN:
$9.90
IRDM:
24.24
ETN:
33.24
IRDM:
0.73
ETN:
2.74
IRDM:
3.27
ETN:
5.09
IRDM:
5.35
ETN:
6.91
IRDM:
$841.71M
ETN:
$25.31B
IRDM:
$571.91M
ETN:
$9.73B
IRDM:
$421.49M
ETN:
$5.80B
Returns By Period
In the year-to-date period, IRDM achieves a -11.85% return, which is significantly lower than ETN's -0.13% return. Over the past 10 years, IRDM has underperformed ETN with an annualized return of 9.89%, while ETN has yielded a comparatively higher 19.50% annualized return.
IRDM
-11.85%
7.07%
-9.22%
-17.50%
3.38%
9.89%
ETN
-0.13%
23.07%
-7.68%
0.98%
35.90%
19.50%
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Risk-Adjusted Performance
IRDM vs. ETN — Risk-Adjusted Performance Rank
IRDM
ETN
IRDM vs. ETN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Iridium Communications Inc. (IRDM) and Eaton Corporation plc (ETN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
IRDM vs. ETN - Dividend Comparison
IRDM's dividend yield for the trailing twelve months is around 2.20%, more than ETN's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRDM Iridium Communications Inc. | 2.20% | 1.90% | 1.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETN Eaton Corporation plc | 1.20% | 1.13% | 1.43% | 2.06% | 1.76% | 2.43% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% | 2.88% |
Drawdowns
IRDM vs. ETN - Drawdown Comparison
The maximum IRDM drawdown since its inception was -66.86%, roughly equal to the maximum ETN drawdown of -68.95%. Use the drawdown chart below to compare losses from any high point for IRDM and ETN. For additional features, visit the drawdowns tool.
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Volatility
IRDM vs. ETN - Volatility Comparison
Iridium Communications Inc. (IRDM) has a higher volatility of 13.83% compared to Eaton Corporation plc (ETN) at 8.21%. This indicates that IRDM's price experiences larger fluctuations and is considered to be riskier than ETN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
IRDM vs. ETN - Financials Comparison
This section allows you to compare key financial metrics between Iridium Communications Inc. and Eaton Corporation plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
IRDM vs. ETN - Profitability Comparison
IRDM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Iridium Communications Inc. reported a gross profit of 166.09M and revenue of 214.88M. Therefore, the gross margin over that period was 77.3%.
ETN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Eaton Corporation plc reported a gross profit of 2.45B and revenue of 6.38B. Therefore, the gross margin over that period was 38.4%.
IRDM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Iridium Communications Inc. reported an operating income of 60.39M and revenue of 214.88M, resulting in an operating margin of 28.1%.
ETN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Eaton Corporation plc reported an operating income of 1.20B and revenue of 6.38B, resulting in an operating margin of 18.8%.
IRDM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Iridium Communications Inc. reported a net income of 30.41M and revenue of 214.88M, resulting in a net margin of 14.2%.
ETN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Eaton Corporation plc reported a net income of 964.00M and revenue of 6.38B, resulting in a net margin of 15.1%.