VSAT vs. IRDM

Last updated Apr 1, 2026

Compare and contrast key facts about Viasat, Inc. (VSAT) and Iridium Communications Inc. (IRDM).

Performance

VSAT vs. IRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Viasat, Inc. (VSAT) and Iridium Communications Inc. (IRDM). The values are adjusted to include any dividend payments, if applicable.

VSAT vs. IRDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSAT Viasat, Inc.	32.91%	304.94%	-69.55%	-11.69%	-28.94%	36.42%	-55.39%	24.16%	-21.24%	13.03%
IRDM Iridium Communications Inc.	60.58%	-38.51%	-28.09%	-19.10%	24.49%	5.00%	59.60%	33.55%	56.36%	22.92%

Fundamentals

Market Cap VSAT : $6.03B IRDM : $2.91B
EPS VSAT : -$1.41 IRDM : $1.07
PS Ratio VSAT : 1.31 IRDM : 3.39
PB Ratio VSAT : 1.32 IRDM : 6.28
Total Revenue (TTM) VSAT : $4.62B IRDM : $871.66M
Gross Profit (TTM) VSAT : $2.25B IRDM : $479.77M
EBITDA (TTM) VSAT : $1.26B IRDM : $450.05M

Returns By Period

In the year-to-date period, VSAT achieves a 32.91% return, which is significantly lower than IRDM's 60.58% return. Over the past 10 years, VSAT has underperformed IRDM with an annualized return of -4.55%, while IRDM has yielded a comparatively higher 14.02% annualized return.

VSAT

• 1D: 4.76%
• 1M: 0.04%
• YTD: 32.91%
• 6M: 56.31%
• 1Y: 339.54%
• 3Y*: 10.61%
• 5Y*: -1.87%
• 10Y*: -4.55%

IRDM

• 1D: 3.47%
• 1M: 16.53%
• YTD: 60.58%
• 6M: 61.13%
• 1Y: 4.35%
• 3Y*: -21.94%
• 5Y*: -5.99%
• 10Y*: 14.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

VSAT vs. IRDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VSAT

VSAT Risk / Return Rank: 98
VSAT Sharpe Ratio Rank: 99
VSAT Sortino Ratio Rank: 97
VSAT Omega Ratio Rank: 94
VSAT Calmar Ratio Rank: 99
VSAT Martin Ratio Rank: 99

IRDM

IRDM Risk / Return Rank: 44
IRDM Sharpe Ratio Rank: 44
IRDM Sortino Ratio Rank: 43
IRDM Omega Ratio Rank: 44
IRDM Calmar Ratio Rank: 43
IRDM Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VSAT vs. IRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Viasat, Inc. (VSAT) and Iridium Communications Inc. (IRDM). 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.

	VSAT	IRDM	Difference
Sharpe ratio Return per unit of total volatility	4.17	0.08	+4.10
Sortino ratio Return per unit of downside risk	3.92	0.51	+3.41
Omega ratio Gain probability vs. loss probability	1.48	1.07	+0.41
Calmar ratio Return relative to maximum drawdown	12.24	0.07	+12.17
Martin ratio Return relative to average drawdown	32.38	0.11	+32.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSAT vs. IRDM - Sharpe Ratio Comparison

The current VSAT Sharpe Ratio is 4.17, which is higher than the IRDM Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of VSAT and IRDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VSAT	IRDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.17	0.08	+4.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	-0.14	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.08	0.32	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.16	-0.02

Correlation

The correlation between VSAT and IRDM is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VSAT vs. IRDM - Dividend Comparison

VSAT has not paid dividends to shareholders, while IRDM's dividend yield for the trailing twelve months is around 2.13%.

	TTM	2025	2024	2023
VSAT Viasat, Inc.	0.00%	0.00%	0.00%	0.00%
IRDM Iridium Communications Inc.	2.13%	3.34%	1.90%	1.26%

Drawdowns

VSAT vs. IRDM - Drawdown Comparison

The maximum VSAT drawdown since its inception was -92.75%, which is greater than IRDM's maximum drawdown of -75.34%. Use the drawdown chart below to compare losses from any high point for VSAT and IRDM.

Drawdown Indicators

	VSAT	IRDM	Difference
Max Drawdown Largest peak-to-trough decline	-92.75%	-75.34%	-17.41%
Max Drawdown (1Y) Largest decline over 1 year	-25.10%	-50.74%	+25.64%
Max Drawdown (5Y) Largest decline over 5 years	-89.81%	-75.34%	-14.47%
Max Drawdown (10Y) Largest decline over 10 years	-92.75%	-75.34%	-17.41%
Current Drawdown Current decline from peak	-51.41%	-56.20%	+4.79%
Average Drawdown Average peak-to-trough decline	-41.59%	-25.91%	-15.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.86%	31.05%	-21.19%

Volatility

VSAT vs. IRDM - Volatility Comparison

Viasat, Inc. (VSAT) has a higher volatility of 22.12% compared to Iridium Communications Inc. (IRDM) at 16.07%. This indicates that VSAT's price experiences larger fluctuations and is considered to be riskier than IRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSAT	IRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.12%	16.07%	+6.05%
Volatility (6M) Calculated over the trailing 6-month period	54.78%	40.76%	+14.02%
Volatility (1Y) Calculated over the trailing 1-year period	82.16%	57.34%	+24.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.09%	43.78%	+30.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.82%	44.36%	+15.46%

Financials

VSAT vs. IRDM - Profitability Comparison

The chart below illustrates the profitability comparison between Viasat, Inc. and Iridium Communications Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VSAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Viasat, Inc. reported a gross profit of 1.09B and revenue of 1.16B. Therefore, the gross margin over that period was 94.6%.

IRDM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Iridium Communications Inc. reported a gross profit of 168.52M and revenue of 212.94M. Therefore, the gross margin over that period was 79.1%.

VSAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Viasat, Inc. reported an operating income of 26.30M and revenue of 1.16B, resulting in an operating margin of 2.3%.

IRDM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Iridium Communications Inc. reported an operating income of 55.25M and revenue of 212.94M, resulting in an operating margin of 26.0%.

VSAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Viasat, Inc. reported a net income of 178.54M and revenue of 1.16B, resulting in a net margin of 15.4%.

IRDM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Iridium Communications Inc. reported a net income of 24.87M and revenue of 212.94M, resulting in a net margin of 11.7%.