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Side-by-side financial comparison of Clarus Corp (CLAR) 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 $65.4M, roughly 1.1× Clarus Corp). Globalstar, Inc. runs the higher net margin — -16.1% vs -47.8%, a 31.6% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -8.4%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -2.9%).
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
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.
CLAR vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $72.0M |
| Net Profit | $-31.3M | $-11.6M |
| Gross Margin | 27.7% | — |
| Operating Margin | -59.6% | -0.5% |
| Net Margin | -47.8% | -16.1% |
| Revenue YoY | -8.4% | 17.6% |
| Net Profit YoY | 52.3% | 76.9% |
| EPS (diluted) | $-0.81 | $-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 | $65.4M | $72.0M | ||
| Q3 25 | $69.3M | $73.8M | ||
| Q2 25 | $55.2M | $67.1M | ||
| Q1 25 | $60.4M | $60.0M | ||
| Q4 24 | $71.4M | $61.2M | ||
| Q3 24 | $67.1M | $72.3M | ||
| Q2 24 | $56.5M | $60.4M | ||
| Q1 24 | $69.3M | $56.5M |
| Q4 25 | $-31.3M | $-11.6M | ||
| Q3 25 | $-1.6M | $1.1M | ||
| Q2 25 | $-8.4M | $19.2M | ||
| Q1 25 | $-5.2M | $-17.3M | ||
| Q4 24 | $-65.5M | $-50.2M | ||
| Q3 24 | $-3.2M | $9.9M | ||
| Q2 24 | $-5.5M | $-9.7M | ||
| Q1 24 | $21.9M | $-13.2M |
| Q4 25 | 27.7% | — | ||
| Q3 25 | 35.1% | — | ||
| Q2 25 | 35.6% | — | ||
| Q1 25 | 34.4% | — | ||
| Q4 24 | 33.4% | — | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 36.1% | — | ||
| Q1 24 | 35.9% | — |
| Q4 25 | -59.6% | -0.5% | ||
| Q3 25 | -4.4% | 13.8% | ||
| Q2 25 | -19.7% | 9.2% | ||
| Q1 25 | -11.2% | -14.2% | ||
| Q4 24 | -70.2% | -6.9% | ||
| Q3 24 | -8.0% | 13.0% | ||
| Q2 24 | -14.4% | -2.4% | ||
| Q1 24 | -9.8% | -8.3% |
| Q4 25 | -47.8% | -16.1% | ||
| Q3 25 | -2.3% | 1.5% | ||
| Q2 25 | -15.3% | 28.6% | ||
| Q1 25 | -8.7% | -28.9% | ||
| Q4 24 | -91.8% | -82.1% | ||
| Q3 24 | -4.7% | 13.7% | ||
| Q2 24 | -9.7% | -16.0% | ||
| Q1 24 | 31.6% | -23.4% |
| Q4 25 | $-0.81 | $-0.11 | ||
| Q3 25 | $-0.04 | $-0.01 | ||
| Q2 25 | $-0.22 | $0.13 | ||
| Q1 25 | $-0.14 | $-0.16 | ||
| Q4 24 | $-1.72 | $-0.57 | ||
| Q3 24 | $-0.08 | $0.00 | ||
| Q2 24 | $-0.14 | $-0.01 | ||
| Q1 24 | $0.57 | $-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 | $36.7M | $447.5M |
| Total DebtLower is stronger | $0 | $483.8M |
| Stockholders' EquityBook value | $196.4M | $355.7M |
| Total Assets | $249.0M | $2.3B |
| Debt / EquityLower = less leverage | 0.00× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $447.5M | ||
| Q3 25 | $29.5M | $346.3M | ||
| Q2 25 | $28.5M | $308.2M | ||
| Q1 25 | $41.3M | $241.4M | ||
| Q4 24 | $45.4M | $391.2M | ||
| Q3 24 | $36.4M | $51.9M | ||
| Q2 24 | $46.2M | $64.3M | ||
| Q1 24 | $47.5M | $59.3M |
| Q4 25 | $0 | $483.8M | ||
| Q3 25 | $2.0M | $508.6M | ||
| Q2 25 | $1.9M | $491.5M | ||
| Q1 25 | $1.9M | $502.7M | ||
| Q4 24 | $1.9M | $511.4M | ||
| Q3 24 | — | $394.4M | ||
| Q2 24 | — | $393.1M | ||
| Q1 24 | $37.0K | $398.7M |
| Q4 25 | $196.4M | $355.7M | ||
| Q3 25 | $225.8M | $364.8M | ||
| Q2 25 | $225.1M | $360.9M | ||
| Q1 25 | $229.3M | $344.3M | ||
| Q4 24 | $233.1M | $358.9M | ||
| Q3 24 | $308.5M | $394.1M | ||
| Q2 24 | $307.3M | $383.0M | ||
| Q1 24 | $310.4M | $377.1M |
| Q4 25 | $249.0M | $2.3B | ||
| Q3 25 | $283.1M | $2.2B | ||
| Q2 25 | $286.5M | $1.9B | ||
| Q1 25 | $292.8M | $1.7B | ||
| Q4 24 | $294.1M | $1.7B | ||
| Q3 24 | $375.3M | $917.6M | ||
| Q2 24 | $369.4M | $926.2M | ||
| Q1 24 | $377.0M | $917.0M |
| Q4 25 | 0.00× | 1.36× | ||
| Q3 25 | 0.01× | 1.39× | ||
| Q2 25 | 0.01× | 1.36× | ||
| Q1 25 | 0.01× | 1.46× | ||
| Q4 24 | 0.01× | 1.43× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | 0.00× | 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 | $12.5M | $175.9M |
| Free Cash FlowOCF − Capex | $11.6M | — |
| FCF MarginFCF / Revenue | 17.7% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $175.9M | ||
| Q3 25 | $-5.7M | $236.0M | ||
| Q2 25 | $-9.4M | $157.9M | ||
| Q1 25 | $-2.1M | $51.9M | ||
| Q4 24 | $16.6M | $340.7M | ||
| Q3 24 | $-8.3M | $32.0M | ||
| Q2 24 | $834.0K | $36.7M | ||
| Q1 24 | $-16.4M | $29.8M |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $-7.0M | — | ||
| Q2 25 | $-11.3M | — | ||
| Q1 25 | $-3.3M | — | ||
| Q4 24 | $14.4M | — | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-744.0K | — | ||
| Q1 24 | $-18.3M | — |
| Q4 25 | 17.7% | — | ||
| Q3 25 | -10.0% | — | ||
| Q2 25 | -20.4% | — | ||
| Q1 25 | -5.4% | — | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | -14.0% | — | ||
| Q2 24 | -1.3% | — | ||
| Q1 24 | -26.3% | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.75× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
