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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
Armada Hoffler Properties, Inc. is the larger business by last-quarter revenue ($75.6M vs $72.0M, roughly 1.1× Globalstar, Inc.). Armada Hoffler Properties, Inc. runs the higher net margin — 3.1% vs -16.1%, a 19.3% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 0.8%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -22.8%).
Armada Hoffler Properties, Inc. is a publicly traded U.S. real estate investment trust operating across the Mid-Atlantic and Southeast regions. It develops, owns, and manages a diversified portfolio of office, retail, and multifamily residential properties, and also offers construction and development services for third-party clients.
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.
AHH vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $72.0M |
| Net Profit | $2.4M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | 31.0% | -0.5% |
| Net Margin | 3.1% | -16.1% |
| Revenue YoY | 0.8% | 17.6% |
| Net Profit YoY | -89.8% | 76.9% |
| EPS (diluted) | $0.00 | $-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.
| Q4 25 | $75.6M | $72.0M | ||
| Q3 25 | $72.7M | $73.8M | ||
| Q2 25 | $69.1M | $67.1M | ||
| Q1 25 | $67.8M | $60.0M | ||
| Q4 24 | $75.0M | $61.2M | ||
| Q3 24 | $114.4M | $72.3M | ||
| Q2 24 | $116.8M | $60.4M | ||
| Q1 24 | $127.0M | $56.5M |
| Q4 25 | $2.4M | $-11.6M | ||
| Q3 25 | $80.0K | $1.1M | ||
| Q2 25 | $5.9M | $19.2M | ||
| Q1 25 | $-2.8M | $-17.3M | ||
| Q4 24 | $23.4M | $-50.2M | ||
| Q3 24 | $-5.0M | $9.9M | ||
| Q2 24 | $3.2M | $-9.7M | ||
| Q1 24 | $14.1M | $-13.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 45.0% | — | ||
| Q2 24 | 41.8% | — | ||
| Q1 24 | 37.9% | — |
| Q4 25 | 31.0% | -0.5% | ||
| Q3 25 | 29.2% | 13.8% | ||
| Q2 25 | 29.6% | 9.2% | ||
| Q1 25 | 23.2% | -14.2% | ||
| Q4 24 | 50.1% | -6.9% | ||
| Q3 24 | 19.0% | 13.0% | ||
| Q2 24 | 11.9% | -2.4% | ||
| Q1 24 | 15.1% | -8.3% |
| Q4 25 | 3.1% | -16.1% | ||
| Q3 25 | 0.1% | 1.5% | ||
| Q2 25 | 8.6% | 28.6% | ||
| Q1 25 | -4.1% | -28.9% | ||
| Q4 24 | 31.2% | -82.1% | ||
| Q3 24 | -4.4% | 13.7% | ||
| Q2 24 | 2.7% | -16.0% | ||
| Q1 24 | 11.1% | -23.4% |
| Q4 25 | $0.00 | $-0.11 | ||
| Q3 25 | $-0.04 | $-0.01 | ||
| Q2 25 | $0.04 | $0.13 | ||
| Q1 25 | $-0.07 | $-0.16 | ||
| Q4 24 | $0.28 | $-0.57 | ||
| Q3 24 | $-0.11 | $0.00 | ||
| Q2 24 | $0.00 | $-0.01 | ||
| Q1 24 | $0.17 | $-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 | $49.1M | $447.5M |
| Total DebtLower is stronger | $1.5B | $483.8M |
| Stockholders' EquityBook value | $627.8M | $355.7M |
| Total Assets | $2.6B | $2.3B |
| Debt / EquityLower = less leverage | 2.43× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $447.5M | ||
| Q3 25 | $46.5M | $346.3M | ||
| Q2 25 | $52.1M | $308.2M | ||
| Q1 25 | $45.7M | $241.4M | ||
| Q4 24 | $31.9M | $391.2M | ||
| Q3 24 | $43.9M | $51.9M | ||
| Q2 24 | $20.3M | $64.3M | ||
| Q1 24 | $41.9M | $59.3M |
| Q4 25 | $1.5B | $483.8M | ||
| Q3 25 | $1.5B | $508.6M | ||
| Q2 25 | $1.4B | $491.5M | ||
| Q1 25 | $1.3B | $502.7M | ||
| Q4 24 | $1.3B | $511.4M | ||
| Q3 24 | $1.3B | $394.4M | ||
| Q2 24 | $1.4B | $393.1M | ||
| Q1 24 | $1.4B | $398.7M |
| Q4 25 | $627.8M | $355.7M | ||
| Q3 25 | $638.8M | $364.8M | ||
| Q2 25 | $652.0M | $360.9M | ||
| Q1 25 | $657.4M | $344.3M | ||
| Q4 24 | $670.6M | $358.9M | ||
| Q3 24 | $663.9M | $394.1M | ||
| Q2 24 | $562.7M | $383.0M | ||
| Q1 24 | $571.4M | $377.1M |
| Q4 25 | $2.6B | $2.3B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.6B | $1.9B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $2.5B | $1.7B | ||
| Q3 24 | $2.6B | $917.6M | ||
| Q2 24 | $2.6B | $926.2M | ||
| Q1 24 | $2.6B | $917.0M |
| Q4 25 | 2.43× | 1.36× | ||
| Q3 25 | 2.33× | 1.39× | ||
| Q2 25 | 2.22× | 1.36× | ||
| Q1 25 | 2.01× | 1.46× | ||
| Q4 24 | 1.93× | 1.43× | ||
| Q3 24 | 2.00× | 1.00× | ||
| Q2 24 | 2.52× | 1.03× | ||
| Q1 24 | 2.50× | 1.06× |
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 | $64.2M | $175.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 26.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.2M | $175.9M | ||
| Q3 25 | $26.3M | $236.0M | ||
| Q2 25 | $11.1M | $157.9M | ||
| Q1 25 | $107.0K | $51.9M | ||
| Q4 24 | $112.0M | $340.7M | ||
| Q3 24 | $27.3M | $32.0M | ||
| Q2 24 | $17.4M | $36.7M | ||
| Q1 24 | $46.5M | $29.8M |
| Q4 25 | 26.99× | — | ||
| Q3 25 | 328.63× | 216.53× | ||
| Q2 25 | 1.87× | 8.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.78× | — | ||
| Q3 24 | — | 3.23× | ||
| Q2 24 | 5.48× | — | ||
| Q1 24 | 3.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
