Iridium Communications Inc. (IRDM) — payout ratio, three ways
Fiscal year ending 2025-12-31 · sector Communications · computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | 55.0% | The figure most screeners publish. |
| Operating cash flow | 15.7% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 21.0% | What is left after maintaining the business. |
Spread between highest and lowest: 39 percentage points. Same filings, different denominators.
The arithmetic
- GAAP earnings — dividends declared per share $0.58 ÷ diluted EPS $1.06
- Operating cash flow — dividends paid $62.9m ÷ operating cash flow $400.1m
- Free cash flow — dividends paid $62.9m ÷ (operating cash flow $400.1m − capex $100.3m)
Where the figures came from
- 10-K filed 2026-02-12 · accession
0001418819-26-000009
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS derived from dividends paid ($0.58); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.