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Side-by-side financial comparison of GLADSTONE COMMERCIAL CORP (GOOD) 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 $43.5M, roughly 1.7× GLADSTONE COMMERCIAL CORP). GLADSTONE COMMERCIAL CORP runs the higher net margin — 12.4% vs -16.1%, a 28.5% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 16.3%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 10.3%).
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
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.
GOOD vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $72.0M |
| Net Profit | $5.4M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | — | -0.5% |
| Net Margin | 12.4% | -16.1% |
| Revenue YoY | 16.3% | 17.6% |
| Net Profit YoY | -25.1% | 76.9% |
| EPS (diluted) | $0.05 | $-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 | $43.5M | $72.0M | ||
| Q3 25 | $40.8M | $73.8M | ||
| Q2 25 | $39.5M | $67.1M | ||
| Q1 25 | $37.5M | $60.0M | ||
| Q4 24 | $37.4M | $61.2M | ||
| Q3 24 | $39.2M | $72.3M | ||
| Q2 24 | $37.1M | $60.4M | ||
| Q1 24 | $35.7M | $56.5M |
| Q4 25 | $5.4M | $-11.6M | ||
| Q3 25 | $4.1M | $1.1M | ||
| Q2 25 | $4.6M | $19.2M | ||
| Q1 25 | $5.1M | $-17.3M | ||
| Q4 24 | $7.2M | $-50.2M | ||
| Q3 24 | $11.7M | $9.9M | ||
| Q2 24 | $1.6M | $-9.7M | ||
| Q1 24 | $3.5M | $-13.2M |
| 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% |
| Q4 25 | 12.4% | -16.1% | ||
| Q3 25 | 10.1% | 1.5% | ||
| Q2 25 | 11.7% | 28.6% | ||
| Q1 25 | 13.7% | -28.9% | ||
| Q4 24 | 19.2% | -82.1% | ||
| Q3 24 | 29.8% | 13.7% | ||
| Q2 24 | 4.3% | -16.0% | ||
| Q1 24 | 9.9% | -23.4% |
| Q4 25 | $0.05 | $-0.11 | ||
| Q3 25 | $0.02 | $-0.01 | ||
| Q2 25 | $0.03 | $0.13 | ||
| Q1 25 | $0.04 | $-0.16 | ||
| Q4 24 | $0.10 | $-0.57 | ||
| Q3 24 | $0.20 | $0.00 | ||
| Q2 24 | $-0.04 | $-0.01 | ||
| Q1 24 | $0.01 | $-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 | $10.8M | $447.5M |
| Total DebtLower is stronger | $843.5M | $483.8M |
| Stockholders' EquityBook value | $171.8M | $355.7M |
| Total Assets | $1.2B | $2.3B |
| Debt / EquityLower = less leverage | 4.91× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.8M | $447.5M | ||
| Q3 25 | $18.4M | $346.3M | ||
| Q2 25 | $11.7M | $308.2M | ||
| Q1 25 | $10.4M | $241.4M | ||
| Q4 24 | $11.0M | $391.2M | ||
| Q3 24 | $10.5M | $51.9M | ||
| Q2 24 | $10.4M | $64.3M | ||
| Q1 24 | $10.5M | $59.3M |
| Q4 25 | $843.5M | $483.8M | ||
| Q3 25 | $843.3M | $508.6M | ||
| Q2 25 | $794.4M | $491.5M | ||
| Q1 25 | $740.7M | $502.7M | ||
| Q4 24 | $693.4M | $511.4M | ||
| Q3 24 | $692.6M | $394.4M | ||
| Q2 24 | $722.5M | $393.1M | ||
| Q1 24 | $719.4M | $398.7M |
| Q4 25 | $171.8M | $355.7M | ||
| Q3 25 | $184.8M | $364.8M | ||
| Q2 25 | $177.2M | $360.9M | ||
| Q1 25 | $183.2M | $344.3M | ||
| Q4 24 | $171.2M | $358.9M | ||
| Q3 24 | $168.9M | $394.1M | ||
| Q2 24 | $145.7M | $383.0M | ||
| Q1 24 | $147.3M | $377.1M |
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $917.6M | ||
| Q2 24 | $1.1B | $926.2M | ||
| Q1 24 | $1.1B | $917.0M |
| Q4 25 | 4.91× | 1.36× | ||
| Q3 25 | 4.56× | 1.39× | ||
| Q2 25 | 4.48× | 1.36× | ||
| Q1 25 | 4.04× | 1.46× | ||
| Q4 24 | 4.05× | 1.43× | ||
| Q3 24 | 4.10× | 1.00× | ||
| Q2 24 | 4.96× | 1.03× | ||
| Q1 24 | 4.88× | 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 | $88.2M | $175.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 16.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $88.2M | $175.9M | ||
| Q3 25 | $18.9M | $236.0M | ||
| Q2 25 | $35.8M | $157.9M | ||
| Q1 25 | $17.7M | $51.9M | ||
| Q4 24 | $57.0M | $340.7M | ||
| Q3 24 | $5.5M | $32.0M | ||
| Q2 24 | $13.6M | $36.7M | ||
| Q1 24 | $15.0M | $29.8M |
| Q4 25 | 16.38× | — | ||
| Q3 25 | 4.57× | 216.53× | ||
| Q2 25 | 7.74× | 8.22× | ||
| Q1 25 | 3.44× | — | ||
| Q4 24 | 7.93× | — | ||
| Q3 24 | 0.47× | 3.23× | ||
| Q2 24 | 8.44× | — | ||
| Q1 24 | 4.26× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GOOD
Segment breakdown not available.
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
