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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
American Assets Trust, Inc. is the larger business by last-quarter revenue ($110.6M vs $72.0M, roughly 1.5× Globalstar, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -16.1%, a 22.2% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 1.8%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites.
AAT vs GSAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $72.0M |
| Net Profit | $6.7M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | 23.4% | -0.5% |
| Net Margin | 6.1% | -16.1% |
| Revenue YoY | 1.8% | 17.6% |
| Net Profit YoY | -16.3% | 76.9% |
| EPS (diluted) | $0.08 | $-0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $72.0M | ||
| Q3 25 | $109.6M | $73.8M | ||
| Q2 25 | $107.9M | $67.1M | ||
| Q1 25 | $108.6M | $60.0M | ||
| Q4 24 | $113.5M | $61.2M | ||
| Q3 24 | $122.8M | $72.3M | ||
| Q2 24 | $110.9M | $60.4M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $-11.6M | ||
| Q3 25 | $4.5M | $1.1M | ||
| Q2 25 | $5.5M | $19.2M | ||
| Q1 25 | $42.5M | $-17.3M | ||
| Q4 24 | — | $-50.2M | ||
| Q3 24 | $16.7M | $9.9M | ||
| Q2 24 | $11.9M | $-9.7M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | — | ||
| Q3 25 | 60.5% | — | ||
| Q2 25 | 62.6% | — | ||
| Q1 25 | 62.0% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 65.5% | — | ||
| Q2 24 | 63.6% | — |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | -0.5% | ||
| Q3 25 | 22.6% | 13.8% | ||
| Q2 25 | 24.1% | 9.2% | ||
| Q1 25 | 66.3% | -14.2% | ||
| Q4 24 | 26.5% | -6.9% | ||
| Q3 24 | 30.8% | 13.0% | ||
| Q2 24 | 27.8% | -2.4% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | -16.1% | ||
| Q3 25 | 4.1% | 1.5% | ||
| Q2 25 | 5.1% | 28.6% | ||
| Q1 25 | 39.2% | -28.9% | ||
| Q4 24 | — | -82.1% | ||
| Q3 24 | 13.6% | 13.7% | ||
| Q2 24 | 10.7% | -16.0% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $-0.11 | ||
| Q3 25 | $0.07 | $-0.01 | ||
| Q2 25 | $0.09 | $0.13 | ||
| Q1 25 | $0.70 | $-0.16 | ||
| Q4 24 | $0.14 | $-0.57 | ||
| Q3 24 | $0.28 | $0.00 | ||
| Q2 24 | $0.20 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $447.5M |
| Total DebtLower is stronger | — | $483.8M |
| Stockholders' EquityBook value | $1.1B | $355.7M |
| Total Assets | $2.9B | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $447.5M | ||
| Q3 25 | $138.7M | $346.3M | ||
| Q2 25 | $143.7M | $308.2M | ||
| Q1 25 | $143.9M | $241.4M | ||
| Q4 24 | $425.7M | $391.2M | ||
| Q3 24 | $533.0M | $51.9M | ||
| Q2 24 | $114.9M | $64.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $483.8M | ||
| Q3 25 | — | $508.6M | ||
| Q2 25 | — | $491.5M | ||
| Q1 25 | — | $502.7M | ||
| Q4 24 | $2.0B | $511.4M | ||
| Q3 24 | — | $394.4M | ||
| Q2 24 | — | $393.1M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $355.7M | ||
| Q3 25 | $1.2B | $364.8M | ||
| Q2 25 | $1.2B | $360.9M | ||
| Q1 25 | $1.2B | $344.3M | ||
| Q4 24 | $1.2B | $358.9M | ||
| Q3 24 | $1.2B | $394.1M | ||
| Q2 24 | $1.2B | $383.0M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.3B | ||
| Q3 25 | $2.9B | $2.2B | ||
| Q2 25 | $3.0B | $1.9B | ||
| Q1 25 | $3.0B | $1.7B | ||
| Q4 24 | $3.3B | $1.7B | ||
| Q3 24 | $3.4B | $917.6M | ||
| Q2 24 | $3.0B | $926.2M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 1.36× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | 1.72× | 1.43× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.03× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $175.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 14.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $175.9M | ||
| Q3 25 | $40.5M | $236.0M | ||
| Q2 25 | $49.2M | $157.9M | ||
| Q1 25 | $36.9M | $51.9M | ||
| Q4 24 | $207.1M | $340.7M | ||
| Q3 24 | $52.4M | $32.0M | ||
| Q2 24 | $59.3M | $36.7M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | — | ||
| Q3 25 | $23.1M | — | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $20.4M | — | ||
| Q4 24 | $136.9M | — | ||
| Q3 24 | $28.0M | — | ||
| Q2 24 | $43.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | — | ||
| Q3 25 | 21.1% | — | ||
| Q2 25 | 26.3% | — | ||
| Q1 25 | 18.8% | — | ||
| Q4 24 | 120.7% | — | ||
| Q3 24 | 22.8% | — | ||
| Q2 24 | 39.3% | — |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | — | ||
| Q3 25 | 15.9% | — | ||
| Q2 25 | 19.3% | — | ||
| Q1 25 | 15.1% | — | ||
| Q4 24 | 61.9% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 14.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | 216.53× | ||
| Q2 25 | 9.01× | 8.22× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.15× | 3.23× | ||
| Q2 24 | 4.98× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
