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Side-by-side financial comparison of Cambium Networks Corp (CMBM) 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 $40.3M, roughly 1.8× Cambium Networks Corp). Globalstar, Inc. runs the higher net margin — -16.1% vs -17.9%, a 1.8% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -23.2%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
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.
CMBM vs GSAT — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $72.0M |
| Net Profit | $-7.2M | $-11.6M |
| Gross Margin | 36.6% | — |
| Operating Margin | -28.4% | -0.5% |
| Net Margin | -17.9% | -16.1% |
| Revenue YoY | -23.2% | 17.6% |
| Net Profit YoY | 71.0% | 76.9% |
| EPS (diluted) | $-0.26 | $-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 | — | $72.0M | ||
| Q3 25 | — | $73.8M | ||
| Q2 25 | — | $67.1M | ||
| Q1 25 | — | $60.0M | ||
| Q4 24 | $40.3M | $61.2M | ||
| Q3 24 | $44.7M | $72.3M | ||
| Q2 24 | $45.2M | $60.4M | ||
| Q1 24 | $47.1M | $56.5M |
| Q4 25 | — | $-11.6M | ||
| Q3 25 | — | $1.1M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | $-7.2M | $-50.2M | ||
| Q3 24 | $-34.5M | $9.9M | ||
| Q2 24 | $-14.2M | $-9.7M | ||
| Q1 24 | $-18.4M | $-13.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 29.8% | — |
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 13.8% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | -14.2% | ||
| Q4 24 | -28.4% | -6.9% | ||
| Q3 24 | -69.6% | 13.0% | ||
| Q2 24 | -27.2% | -2.4% | ||
| Q1 24 | -33.1% | -8.3% |
| Q4 25 | — | -16.1% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | -28.9% | ||
| Q4 24 | -17.9% | -82.1% | ||
| Q3 24 | -77.3% | 13.7% | ||
| Q2 24 | -31.5% | -16.0% | ||
| Q1 24 | -39.2% | -23.4% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | $-0.26 | $-0.57 | ||
| Q3 24 | $-1.22 | $0.00 | ||
| Q2 24 | $-0.51 | $-0.01 | ||
| Q1 24 | $-0.66 | $-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 | — | $447.5M |
| Total DebtLower is stronger | $67.6M | $483.8M |
| Stockholders' EquityBook value | $-3.2M | $355.7M |
| Total Assets | $173.7M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $447.5M | ||
| Q3 25 | — | $346.3M | ||
| Q2 25 | — | $308.2M | ||
| Q1 25 | — | $241.4M | ||
| Q4 24 | — | $391.2M | ||
| Q3 24 | — | $51.9M | ||
| Q2 24 | — | $64.3M | ||
| Q1 24 | — | $59.3M |
| Q4 25 | — | $483.8M | ||
| Q3 25 | — | $508.6M | ||
| Q2 25 | — | $491.5M | ||
| Q1 25 | — | $502.7M | ||
| Q4 24 | $67.6M | $511.4M | ||
| Q3 24 | $67.6M | $394.4M | ||
| Q2 24 | $68.9M | $393.1M | ||
| Q1 24 | $63.8M | $398.7M |
| Q4 25 | — | $355.7M | ||
| Q3 25 | — | $364.8M | ||
| Q2 25 | — | $360.9M | ||
| Q1 25 | — | $344.3M | ||
| Q4 24 | $-3.2M | $358.9M | ||
| Q3 24 | $1.9M | $394.1M | ||
| Q2 24 | $34.1M | $383.0M | ||
| Q1 24 | $45.0M | $377.1M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $173.7M | $1.7B | ||
| Q3 24 | $194.3M | $917.6M | ||
| Q2 24 | $221.1M | $926.2M | ||
| Q1 24 | $219.8M | $917.0M |
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | 36.12× | 1.00× | ||
| Q2 24 | 2.02× | 1.03× | ||
| Q1 24 | 1.42× | 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 | $-10.4M | $175.9M |
| Free Cash FlowOCF − Capex | $-10.8M | — |
| FCF MarginFCF / Revenue | -26.8% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $175.9M | ||
| Q3 25 | — | $236.0M | ||
| Q2 25 | — | $157.9M | ||
| Q1 25 | — | $51.9M | ||
| Q4 24 | $-10.4M | $340.7M | ||
| Q3 24 | $8.9M | $32.0M | ||
| Q2 24 | $2.4M | $36.7M | ||
| Q1 24 | $-15.9M | $29.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-10.8M | — | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | $87.0K | — | ||
| Q1 24 | $-17.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -26.8% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | -37.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 3.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | — | — | ||
| 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
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
