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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and INFINITY NATURAL RESOURCES, INC. (INR). Click either name above to swap in a different company.
INFINITY NATURAL RESOURCES, INC. is the larger business by last-quarter revenue ($115.5M vs $72.0M, roughly 1.6× Globalstar, Inc.). INFINITY NATURAL RESOURCES, INC. runs the higher net margin — 17.3% vs -16.1%, a 33.5% gap on every dollar of revenue.
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.
GSAT vs INR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $115.5M |
| Net Profit | $-11.6M | $20.0M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 47.0% |
| Net Margin | -16.1% | 17.3% |
| Revenue YoY | 17.6% | — |
| Net Profit YoY | 76.9% | — |
| EPS (diluted) | $-0.11 | $1.33 |
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 | $115.5M | ||
| Q3 25 | $73.8M | $78.3M | ||
| Q2 25 | $67.1M | $72.5M | ||
| Q1 25 | $60.0M | $84.2M | ||
| Q4 24 | $61.2M | — | ||
| Q3 24 | $72.3M | — | ||
| Q2 24 | $60.4M | — | ||
| Q1 24 | $56.5M | — |
| Q4 25 | $-11.6M | $20.0M | ||
| Q3 25 | $1.1M | $10.4M | ||
| Q2 25 | $19.2M | $18.0M | ||
| Q1 25 | $-17.3M | $-34.6M | ||
| Q4 24 | $-50.2M | — | ||
| Q3 24 | $9.9M | — | ||
| Q2 24 | $-9.7M | — | ||
| Q1 24 | $-13.2M | — |
| Q4 25 | -0.5% | 47.0% | ||
| Q3 25 | 13.8% | 30.5% | ||
| Q2 25 | 9.2% | 29.9% | ||
| Q1 25 | -14.2% | -104.5% | ||
| Q4 24 | -6.9% | — | ||
| Q3 24 | 13.0% | — | ||
| Q2 24 | -2.4% | — | ||
| Q1 24 | -8.3% | — |
| Q4 25 | -16.1% | 17.3% | ||
| Q3 25 | 1.5% | 13.3% | ||
| Q2 25 | 28.6% | 24.8% | ||
| Q1 25 | -28.9% | -41.1% | ||
| Q4 24 | -82.1% | — | ||
| Q3 24 | 13.7% | — | ||
| Q2 24 | -16.0% | — | ||
| Q1 24 | -23.4% | — |
| Q4 25 | $-0.11 | $1.33 | ||
| Q3 25 | $-0.01 | $0.65 | ||
| Q2 25 | $0.13 | $1.18 | ||
| Q1 25 | $-0.16 | $-2.27 | ||
| Q4 24 | $-0.57 | — | ||
| Q3 24 | $0.00 | — | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-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 | $2.8M |
| Total DebtLower is stronger | $483.8M | $55.0K |
| Stockholders' EquityBook value | $355.7M | $307.1M |
| Total Assets | $2.3B | $1.2B |
| Debt / EquityLower = less leverage | 1.36× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $2.8M | ||
| Q3 25 | $346.3M | $4.6M | ||
| Q2 25 | $308.2M | $6.3M | ||
| Q1 25 | $241.4M | $4.9M | ||
| Q4 24 | $391.2M | — | ||
| Q3 24 | $51.9M | — | ||
| Q2 24 | $64.3M | — | ||
| Q1 24 | $59.3M | — |
| Q4 25 | $483.8M | $55.0K | ||
| Q3 25 | $508.6M | — | ||
| Q2 25 | $491.5M | — | ||
| Q1 25 | $502.7M | $123.0K | ||
| Q4 24 | $511.4M | — | ||
| Q3 24 | $394.4M | — | ||
| Q2 24 | $393.1M | — | ||
| Q1 24 | $398.7M | — |
| Q4 25 | $355.7M | $307.1M | ||
| Q3 25 | $364.8M | $288.6M | ||
| Q2 25 | $360.9M | $10.1M | ||
| Q1 25 | $344.3M | $-52.2M | ||
| Q4 24 | $358.9M | — | ||
| Q3 24 | $394.1M | — | ||
| Q2 24 | $383.0M | — | ||
| Q1 24 | $377.1M | — |
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.7B | $953.9M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $917.6M | — | ||
| Q2 24 | $926.2M | — | ||
| Q1 24 | $917.0M | — |
| Q4 25 | 1.36× | 0.00× | ||
| 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 | $75.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.75× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $75.1M | ||
| Q3 25 | $236.0M | $42.1M | ||
| Q2 25 | $157.9M | $70.4M | ||
| Q1 25 | $51.9M | $74.2M | ||
| Q4 24 | $340.7M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $36.7M | — | ||
| Q1 24 | $29.8M | — |
| Q4 25 | — | 3.75× | ||
| Q3 25 | 216.53× | 4.04× | ||
| Q2 25 | 8.22× | 3.91× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
INR
| Oil Reserves | $54.0M | 47% |
| Natural Gas Reserves | $46.8M | 41% |
| Natural Gas Liquids Reserves | $14.7M | 13% |
