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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.

Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $50.4M, roughly 1.4× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -16.1%, a 436.4% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 17.6%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 12.9%).

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

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.

ARR vs GSAT — Head-to-Head

Bigger by revenue
GSAT
GSAT
1.4× larger
GSAT
$72.0M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+280.3% gap
ARR
297.9%
17.6%
GSAT
Higher net margin
ARR
ARR
436.4% more per $
ARR
420.2%
-16.1%
GSAT
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
12.9%
GSAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
GSAT
GSAT
Revenue
$50.4M
$72.0M
Net Profit
$211.7M
$-11.6M
Gross Margin
Operating Margin
-0.5%
Net Margin
420.2%
-16.1%
Revenue YoY
297.9%
17.6%
Net Profit YoY
555.9%
76.9%
EPS (diluted)
$2.43
$-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.

Revenue
ARR
ARR
GSAT
GSAT
Q4 25
$50.4M
$72.0M
Q3 25
$38.5M
$73.8M
Q2 25
$33.1M
$67.1M
Q1 25
$36.3M
$60.0M
Q4 24
$12.7M
$61.2M
Q3 24
$72.3M
Q2 24
$7.0M
$60.4M
Q1 24
$56.5M
Net Profit
ARR
ARR
GSAT
GSAT
Q4 25
$211.7M
$-11.6M
Q3 25
$159.3M
$1.1M
Q2 25
$-75.6M
$19.2M
Q1 25
$27.3M
$-17.3M
Q4 24
$-46.4M
$-50.2M
Q3 24
$9.9M
Q2 24
$-48.4M
$-9.7M
Q1 24
$-13.2M
Operating Margin
ARR
ARR
GSAT
GSAT
Q4 25
-0.5%
Q3 25
13.8%
Q2 25
9.2%
Q1 25
-14.2%
Q4 24
-6.9%
Q3 24
13.0%
Q2 24
-2.4%
Q1 24
-8.3%
Net Margin
ARR
ARR
GSAT
GSAT
Q4 25
420.2%
-16.1%
Q3 25
413.5%
1.5%
Q2 25
-228.4%
28.6%
Q1 25
75.2%
-28.9%
Q4 24
-366.8%
-82.1%
Q3 24
13.7%
Q2 24
-693.8%
-16.0%
Q1 24
-23.4%
EPS (diluted)
ARR
ARR
GSAT
GSAT
Q4 25
$2.43
$-0.11
Q3 25
$1.49
$-0.01
Q2 25
$-0.94
$0.13
Q1 25
$0.32
$-0.16
Q4 24
$-0.91
$-0.57
Q3 24
$0.00
Q2 24
$-1.05
$-0.01
Q1 24
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARR
ARR
GSAT
GSAT
Cash + ST InvestmentsLiquidity on hand
$63.3M
$447.5M
Total DebtLower is stronger
$483.8M
Stockholders' EquityBook value
$2.3B
$355.7M
Total Assets
$21.0B
$2.3B
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
GSAT
GSAT
Q4 25
$63.3M
$447.5M
Q3 25
$44.2M
$346.3M
Q2 25
$141.2M
$308.2M
Q1 25
$49.1M
$241.4M
Q4 24
$68.0M
$391.2M
Q3 24
$51.9M
Q2 24
$126.6M
$64.3M
Q1 24
$59.3M
Total Debt
ARR
ARR
GSAT
GSAT
Q4 25
$483.8M
Q3 25
$508.6M
Q2 25
$491.5M
Q1 25
$502.7M
Q4 24
$511.4M
Q3 24
$394.4M
Q2 24
$393.1M
Q1 24
$398.7M
Stockholders' Equity
ARR
ARR
GSAT
GSAT
Q4 25
$2.3B
$355.7M
Q3 25
$2.1B
$364.8M
Q2 25
$1.7B
$360.9M
Q1 25
$1.7B
$344.3M
Q4 24
$1.4B
$358.9M
Q3 24
$394.1M
Q2 24
$1.2B
$383.0M
Q1 24
$377.1M
Total Assets
ARR
ARR
GSAT
GSAT
Q4 25
$21.0B
$2.3B
Q3 25
$19.4B
$2.2B
Q2 25
$16.2B
$1.9B
Q1 25
$15.5B
$1.7B
Q4 24
$13.5B
$1.7B
Q3 24
$917.6M
Q2 24
$10.1B
$926.2M
Q1 24
$917.0M
Debt / Equity
ARR
ARR
GSAT
GSAT
Q4 25
1.36×
Q3 25
1.39×
Q2 25
1.36×
Q1 25
1.46×
Q4 24
1.43×
Q3 24
1.00×
Q2 24
1.03×
Q1 24
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
ARR
ARR
GSAT
GSAT
Operating Cash FlowLast quarter
$124.2M
$175.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
GSAT
GSAT
Q4 25
$124.2M
$175.9M
Q3 25
$-37.8M
$236.0M
Q2 25
$25.0M
$157.9M
Q1 25
$101.5M
$51.9M
Q4 24
$261.5M
$340.7M
Q3 24
$32.0M
Q2 24
$27.1M
$36.7M
Q1 24
$29.8M
Cash Conversion
ARR
ARR
GSAT
GSAT
Q4 25
0.59×
Q3 25
-0.24×
216.53×
Q2 25
8.22×
Q1 25
3.71×
Q4 24
Q3 24
3.23×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

GSAT
GSAT

Services$67.4M94%
Products$4.6M6%

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