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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
Granite Ridge Resources, Inc. is the larger business by last-quarter revenue ($105.5M vs $72.0M, roughly 1.5× Globalstar, Inc.). On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -0.8%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 8.9%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
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.
GRNT vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $72.0M |
| Net Profit | — | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | -34.5% | -0.5% |
| Net Margin | — | -16.1% |
| Revenue YoY | -0.8% | 17.6% |
| Net Profit YoY | — | 76.9% |
| EPS (diluted) | $-0.19 | $-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 | $105.5M | $72.0M | ||
| Q3 25 | $112.7M | $73.8M | ||
| Q2 25 | $109.2M | $67.1M | ||
| Q1 25 | $122.9M | $60.0M | ||
| Q4 24 | $106.3M | $61.2M | ||
| Q3 24 | $94.1M | $72.3M | ||
| Q2 24 | $90.7M | $60.4M | ||
| Q1 24 | $89.0M | $56.5M |
| Q4 25 | — | $-11.6M | ||
| Q3 25 | $14.5M | $1.1M | ||
| Q2 25 | $25.1M | $19.2M | ||
| Q1 25 | $9.8M | $-17.3M | ||
| Q4 24 | — | $-50.2M | ||
| Q3 24 | $9.1M | $9.9M | ||
| Q2 24 | $5.1M | $-9.7M | ||
| Q1 24 | $16.2M | $-13.2M |
| Q4 25 | -34.5% | -0.5% | ||
| Q3 25 | 17.4% | 13.8% | ||
| Q2 25 | 19.0% | 9.2% | ||
| Q1 25 | 34.6% | -14.2% | ||
| Q4 24 | -6.5% | -6.9% | ||
| Q3 24 | 26.2% | 13.0% | ||
| Q2 24 | 24.1% | -2.4% | ||
| Q1 24 | 22.0% | -8.3% |
| Q4 25 | — | -16.1% | ||
| Q3 25 | 12.9% | 1.5% | ||
| Q2 25 | 23.0% | 28.6% | ||
| Q1 25 | 8.0% | -28.9% | ||
| Q4 24 | — | -82.1% | ||
| Q3 24 | 9.6% | 13.7% | ||
| Q2 24 | 5.6% | -16.0% | ||
| Q1 24 | 18.2% | -23.4% |
| Q4 25 | $-0.19 | $-0.11 | ||
| Q3 25 | $0.11 | $-0.01 | ||
| Q2 25 | $0.19 | $0.13 | ||
| Q1 25 | $0.07 | $-0.16 | ||
| Q4 24 | $-0.09 | $-0.57 | ||
| Q3 24 | $0.07 | $0.00 | ||
| Q2 24 | $0.04 | $-0.01 | ||
| Q1 24 | $0.12 | $-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 | $367.8M | $483.8M |
| Stockholders' EquityBook value | $605.8M | $355.7M |
| Total Assets | $1.2B | $2.3B |
| Debt / EquityLower = less leverage | 0.61× | 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 | $367.8M | $483.8M | ||
| Q3 25 | $300.0M | $508.6M | ||
| Q2 25 | $275.0M | $491.5M | ||
| Q1 25 | $250.0M | $502.7M | ||
| Q4 24 | $205.0M | $511.4M | ||
| Q3 24 | — | $394.4M | ||
| Q2 24 | — | $393.1M | ||
| Q1 24 | $137.5M | $398.7M |
| Q4 25 | $605.8M | $355.7M | ||
| Q3 25 | $643.9M | $364.8M | ||
| Q2 25 | $642.5M | $360.9M | ||
| Q1 25 | $631.4M | $344.3M | ||
| Q4 24 | $635.4M | $358.9M | ||
| Q3 24 | $660.6M | $394.1M | ||
| Q2 24 | $665.3M | $383.0M | ||
| Q1 24 | $674.0M | $377.1M |
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $1.0B | $917.6M | ||
| Q2 24 | $990.5M | $926.2M | ||
| Q1 24 | $966.7M | $917.0M |
| Q4 25 | 0.61× | 1.36× | ||
| Q3 25 | 0.47× | 1.39× | ||
| Q2 25 | 0.43× | 1.36× | ||
| Q1 25 | 0.40× | 1.46× | ||
| Q4 24 | 0.32× | 1.43× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | 0.20× | 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 | $64.5M | $175.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.5M | $175.9M | ||
| Q3 25 | $77.8M | $236.0M | ||
| Q2 25 | $78.0M | $157.9M | ||
| Q1 25 | $76.1M | $51.9M | ||
| Q4 24 | $68.2M | $340.7M | ||
| Q3 24 | $74.7M | $32.0M | ||
| Q2 24 | $64.2M | $36.7M | ||
| Q1 24 | $68.7M | $29.8M |
| Q4 25 | — | — | ||
| Q3 25 | 5.36× | 216.53× | ||
| Q2 25 | 3.11× | 8.22× | ||
| Q1 25 | 7.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.25× | 3.23× | ||
| Q2 24 | 12.58× | — | ||
| Q1 24 | 4.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil And Gas Service | $87.6M | 83% |
| Natural Gas Storage | $17.9M | 17% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
