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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) 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 $66.9M, roughly 1.1× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -16.1%, a 56.4% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -0.3%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
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.
ERII vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $72.0M |
| Net Profit | $26.9M | $-11.6M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | -0.5% |
| Net Margin | 40.2% | -16.1% |
| Revenue YoY | -0.3% | 17.6% |
| Net Profit YoY | 14.7% | 76.9% |
| EPS (diluted) | $0.49 | $-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 | $66.9M | $72.0M | ||
| Q3 25 | $32.0M | $73.8M | ||
| Q2 25 | $28.1M | $67.1M | ||
| Q1 25 | — | $60.0M | ||
| Q4 24 | $67.1M | $61.2M | ||
| Q3 24 | $38.6M | $72.3M | ||
| Q2 24 | $27.2M | $60.4M | ||
| Q1 24 | $12.1M | $56.5M |
| Q4 25 | $26.9M | $-11.6M | ||
| Q3 25 | $3.9M | $1.1M | ||
| Q2 25 | $2.1M | $19.2M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | $23.5M | $-50.2M | ||
| Q3 24 | $8.5M | $9.9M | ||
| Q2 24 | $-642.0K | $-9.7M | ||
| Q1 24 | $-8.3M | $-13.2M |
| Q4 25 | 67.2% | — | ||
| Q3 25 | 64.2% | — | ||
| Q2 25 | 64.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 70.2% | — | ||
| Q3 24 | 65.1% | — | ||
| Q2 24 | 64.6% | — | ||
| Q1 24 | 59.0% | — |
| Q4 25 | 46.8% | -0.5% | ||
| Q3 25 | 11.4% | 13.8% | ||
| Q2 25 | 5.3% | 9.2% | ||
| Q1 25 | — | -14.2% | ||
| Q4 24 | 38.2% | -6.9% | ||
| Q3 24 | 18.3% | 13.0% | ||
| Q2 24 | -7.4% | -2.4% | ||
| Q1 24 | -90.4% | -8.3% |
| Q4 25 | 40.2% | -16.1% | ||
| Q3 25 | 12.1% | 1.5% | ||
| Q2 25 | 7.3% | 28.6% | ||
| Q1 25 | — | -28.9% | ||
| Q4 24 | 35.0% | -82.1% | ||
| Q3 24 | 22.0% | 13.7% | ||
| Q2 24 | -2.4% | -16.0% | ||
| Q1 24 | -68.3% | -23.4% |
| Q4 25 | $0.49 | $-0.11 | ||
| Q3 25 | $0.07 | $-0.01 | ||
| Q2 25 | $0.04 | $0.13 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | $0.40 | $-0.57 | ||
| Q3 24 | $0.15 | $0.00 | ||
| Q2 24 | $-0.01 | $-0.01 | ||
| Q1 24 | $-0.14 | $-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 | $75.2M | $447.5M |
| Total DebtLower is stronger | — | $483.8M |
| Stockholders' EquityBook value | $206.2M | $355.7M |
| Total Assets | $231.5M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $447.5M | ||
| Q3 25 | $70.4M | $346.3M | ||
| Q2 25 | $79.5M | $308.2M | ||
| Q1 25 | — | $241.4M | ||
| Q4 24 | $78.0M | $391.2M | ||
| Q3 24 | $118.6M | $51.9M | ||
| Q2 24 | $101.0M | $64.3M | ||
| Q1 24 | $117.4M | $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 | $206.2M | $355.7M | ||
| Q3 25 | $180.8M | $364.8M | ||
| Q2 25 | $185.2M | $360.9M | ||
| Q1 25 | — | $344.3M | ||
| Q4 24 | $210.0M | $358.9M | ||
| Q3 24 | $233.9M | $394.1M | ||
| Q2 24 | $218.5M | $383.0M | ||
| Q1 24 | $216.0M | $377.1M |
| Q4 25 | $231.5M | $2.3B | ||
| Q3 25 | $209.6M | $2.2B | ||
| Q2 25 | $212.3M | $1.9B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $242.8M | $1.7B | ||
| Q3 24 | $262.7M | $917.6M | ||
| Q2 24 | $249.0M | $926.2M | ||
| Q1 24 | $244.3M | $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 | $7.1M | $175.9M |
| Free Cash FlowOCF − Capex | $6.4M | — |
| FCF MarginFCF / Revenue | 9.6% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $175.9M | ||
| Q3 25 | $-3.1M | $236.0M | ||
| Q2 25 | $4.1M | $157.9M | ||
| Q1 25 | — | $51.9M | ||
| Q4 24 | $9.0M | $340.7M | ||
| Q3 24 | $-3.0M | $32.0M | ||
| Q2 24 | $8.1M | $36.7M | ||
| Q1 24 | $6.5M | $29.8M |
| Q4 25 | $6.4M | — | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $7.9M | — | ||
| Q1 24 | $5.7M | — |
| Q4 25 | 9.6% | — | ||
| Q3 25 | -10.9% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 28.9% | — | ||
| Q1 24 | 46.9% | — |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 6.8% | — |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | 216.53× | ||
| Q2 25 | 2.02× | 8.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 3.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
