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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and IMAX CORP (IMAX). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $72.0M, roughly 1.7× Globalstar, Inc.). IMAX CORP runs the higher net margin — 0.5% vs -16.1%, a 16.7% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 17.6%). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 12.9%).
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.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
GSAT vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $125.2M |
| Net Profit | $-11.6M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | -0.5% | 19.3% |
| Net Margin | -16.1% | 0.5% |
| Revenue YoY | 17.6% | 35.1% |
| Net Profit YoY | 76.9% | -88.0% |
| EPS (diluted) | $-0.11 | $0.02 |
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 | $125.2M | ||
| Q3 25 | $73.8M | $106.7M | ||
| Q2 25 | $67.1M | $91.7M | ||
| Q1 25 | $60.0M | $86.7M | ||
| Q4 24 | $61.2M | $92.7M | ||
| Q3 24 | $72.3M | $91.5M | ||
| Q2 24 | $60.4M | $89.0M | ||
| Q1 24 | $56.5M | $79.1M |
| Q4 25 | $-11.6M | $637.0K | ||
| Q3 25 | $1.1M | $20.7M | ||
| Q2 25 | $19.2M | $11.3M | ||
| Q1 25 | $-17.3M | $2.3M | ||
| Q4 24 | $-50.2M | $5.3M | ||
| Q3 24 | $9.9M | $13.9M | ||
| Q2 24 | $-9.7M | $3.6M | ||
| Q1 24 | $-13.2M | $3.3M |
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 58.5% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 59.3% |
| Q4 25 | -0.5% | 19.3% | ||
| Q3 25 | 13.8% | 27.2% | ||
| Q2 25 | 9.2% | 15.6% | ||
| Q1 25 | -14.2% | 19.3% | ||
| Q4 24 | -6.9% | 10.3% | ||
| Q3 24 | 13.0% | 21.2% | ||
| Q2 24 | -2.4% | 3.2% | ||
| Q1 24 | -8.3% | 15.3% |
| Q4 25 | -16.1% | 0.5% | ||
| Q3 25 | 1.5% | 19.4% | ||
| Q2 25 | 28.6% | 12.3% | ||
| Q1 25 | -28.9% | 2.7% | ||
| Q4 24 | -82.1% | 5.7% | ||
| Q3 24 | 13.7% | 15.2% | ||
| Q2 24 | -16.0% | 4.0% | ||
| Q1 24 | -23.4% | 4.1% |
| Q4 25 | $-0.11 | $0.02 | ||
| Q3 25 | $-0.01 | $0.37 | ||
| Q2 25 | $0.13 | $0.20 | ||
| Q1 25 | $-0.16 | $0.04 | ||
| Q4 24 | $-0.57 | $0.09 | ||
| Q3 24 | $0.00 | $0.26 | ||
| Q2 24 | $-0.01 | $0.07 | ||
| Q1 24 | $-0.01 | $0.06 |
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 | $151.2M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $337.9M |
| Total Assets | $2.3B | $894.0M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $151.2M | ||
| Q3 25 | $346.3M | $143.1M | ||
| Q2 25 | $308.2M | $109.3M | ||
| Q1 25 | $241.4M | $97.1M | ||
| Q4 24 | $391.2M | $100.6M | ||
| Q3 24 | $51.9M | $104.5M | ||
| Q2 24 | $64.3M | $91.6M | ||
| Q1 24 | $59.3M | $81.0M |
| 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 | $355.7M | $337.9M | ||
| Q3 25 | $364.8M | $349.5M | ||
| Q2 25 | $360.9M | $320.4M | ||
| Q1 25 | $344.3M | $299.5M | ||
| Q4 24 | $358.9M | $299.5M | ||
| Q3 24 | $394.1M | $289.4M | ||
| Q2 24 | $383.0M | $267.2M | ||
| Q1 24 | $377.1M | $258.8M |
| Q4 25 | $2.3B | $894.0M | ||
| Q3 25 | $2.2B | $889.6M | ||
| Q2 25 | $1.9B | $868.6M | ||
| Q1 25 | $1.7B | $848.3M | ||
| Q4 24 | $1.7B | $830.4M | ||
| Q3 24 | $917.6M | $847.6M | ||
| Q2 24 | $926.2M | $827.4M | ||
| Q1 24 | $917.0M | $824.1M |
| 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 | $175.9M | $29.4M |
| Free Cash FlowOCF − Capex | — | $28.0M |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $29.4M | ||
| Q3 25 | $236.0M | $67.5M | ||
| Q2 25 | $157.9M | $23.2M | ||
| Q1 25 | $51.9M | $7.0M | ||
| Q4 24 | $340.7M | $11.5M | ||
| Q3 24 | $32.0M | $35.3M | ||
| Q2 24 | $36.7M | $35.0M | ||
| Q1 24 | $29.8M | $-11.0M |
| Q4 25 | — | $28.0M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | — | $20.9M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $6.9M | ||
| Q3 24 | — | $34.2M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $-12.1M |
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 60.7% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | — | 37.6% | ||
| Q1 24 | — | -15.3% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | — | 46.11× | ||
| Q3 25 | 216.53× | 3.27× | ||
| Q2 25 | 8.22× | 2.06× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 3.23× | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | — | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
