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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $72.0M, roughly 1.1× Globalstar, Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -16.1%, a 45.0% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 8.7%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 1.8%).
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
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.
EFC vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $72.0M |
| Net Profit | $22.6M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | 7.4% | -0.5% |
| Net Margin | 28.9% | -16.1% |
| Revenue YoY | 8.7% | 17.6% |
| Net Profit YoY | -26.2% | 76.9% |
| EPS (diluted) | $0.10 | $-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 | $78.2M | $72.0M | ||
| Q3 25 | $82.8M | $73.8M | ||
| Q2 25 | $92.5M | $67.1M | ||
| Q1 25 | $82.9M | $60.0M | ||
| Q4 24 | $72.0M | $61.2M | ||
| Q3 24 | $67.0M | $72.3M | ||
| Q2 24 | $91.2M | $60.4M | ||
| Q1 24 | $75.5M | $56.5M |
| Q4 25 | $22.6M | $-11.6M | ||
| Q3 25 | $29.5M | $1.1M | ||
| Q2 25 | $42.9M | $19.2M | ||
| Q1 25 | $31.6M | $-17.3M | ||
| Q4 24 | $30.7M | $-50.2M | ||
| Q3 24 | $16.2M | $9.9M | ||
| Q2 24 | $52.3M | $-9.7M | ||
| Q1 24 | $26.9M | $-13.2M |
| Q4 25 | 7.4% | -0.5% | ||
| Q3 25 | 31.1% | 13.8% | ||
| Q2 25 | 38.3% | 9.2% | ||
| Q1 25 | 37.3% | -14.2% | ||
| Q4 24 | 28.0% | -6.9% | ||
| Q3 24 | 24.0% | 13.0% | ||
| Q2 24 | 52.8% | -2.4% | ||
| Q1 24 | 42.2% | -8.3% |
| Q4 25 | 28.9% | -16.1% | ||
| Q3 25 | 35.7% | 1.5% | ||
| Q2 25 | 46.4% | 28.6% | ||
| Q1 25 | 38.2% | -28.9% | ||
| Q4 24 | 42.6% | -82.1% | ||
| Q3 24 | 24.1% | 13.7% | ||
| Q2 24 | 57.4% | -16.0% | ||
| Q1 24 | 35.6% | -23.4% |
| Q4 25 | $0.10 | $-0.11 | ||
| Q3 25 | $0.29 | $-0.01 | ||
| Q2 25 | $0.45 | $0.13 | ||
| Q1 25 | $0.35 | $-0.16 | ||
| Q4 24 | $0.23 | $-0.57 | ||
| Q3 24 | $0.19 | $0.00 | ||
| Q2 24 | $0.62 | $-0.01 | ||
| Q1 24 | $0.32 | $-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 | $201.9M | $447.5M |
| Total DebtLower is stronger | — | $483.8M |
| Stockholders' EquityBook value | $1.8B | $355.7M |
| Total Assets | $19.4B | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $447.5M | ||
| Q3 25 | $184.8M | $346.3M | ||
| Q2 25 | $211.0M | $308.2M | ||
| Q1 25 | $203.3M | $241.4M | ||
| Q4 24 | $192.4M | $391.2M | ||
| Q3 24 | $217.7M | $51.9M | ||
| Q2 24 | $198.5M | $64.3M | ||
| Q1 24 | $187.5M | $59.3M |
| 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 |
| Q4 25 | $1.8B | $355.7M | ||
| Q3 25 | $1.8B | $364.8M | ||
| Q2 25 | $1.7B | $360.9M | ||
| Q1 25 | $1.6B | $344.3M | ||
| Q4 24 | $1.6B | $358.9M | ||
| Q3 24 | $1.6B | $394.1M | ||
| Q2 24 | $1.6B | $383.0M | ||
| Q1 24 | $1.5B | $377.1M |
| Q4 25 | $19.4B | $2.3B | ||
| Q3 25 | $17.8B | $2.2B | ||
| Q2 25 | $17.1B | $1.9B | ||
| Q1 25 | $16.6B | $1.7B | ||
| Q4 24 | $16.3B | $1.7B | ||
| Q3 24 | $16.0B | $917.6M | ||
| Q2 24 | $15.1B | $926.2M | ||
| Q1 24 | $15.1B | $917.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-925.5M | $175.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $175.9M | ||
| Q3 25 | $-290.4M | $236.0M | ||
| Q2 25 | $-210.5M | $157.9M | ||
| Q1 25 | $-126.4M | $51.9M | ||
| Q4 24 | $-430.5M | $340.7M | ||
| Q3 24 | $-141.7M | $32.0M | ||
| Q2 24 | $-88.6M | $36.7M | ||
| Q1 24 | $-59.5M | $29.8M |
| Q4 25 | 0.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | -40.92× | — | ||
| Q3 25 | -9.84× | 216.53× | ||
| Q2 25 | -4.90× | 8.22× | ||
| Q1 25 | -3.99× | — | ||
| Q4 24 | -14.04× | — | ||
| Q3 24 | -8.76× | 3.23× | ||
| Q2 24 | -1.69× | — | ||
| Q1 24 | -2.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
