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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.

InvenTrust Properties Corp. is the larger business by last-quarter revenue ($77.4M vs $72.0M, roughly 1.1× Globalstar, Inc.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs -16.1%, a 19.6% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 8.6%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 7.6%).

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.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

GSAT vs IVT — Head-to-Head

Bigger by revenue
IVT
IVT
1.1× larger
IVT
$77.4M
$72.0M
GSAT
Growing faster (revenue YoY)
GSAT
GSAT
+9.0% gap
GSAT
17.6%
8.6%
IVT
Higher net margin
IVT
IVT
19.6% more per $
IVT
3.4%
-16.1%
GSAT
Faster 2-yr revenue CAGR
GSAT
GSAT
Annualised
GSAT
12.9%
7.6%
IVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
IVT
IVT
Revenue
$72.0M
$77.4M
Net Profit
$-11.6M
$2.7M
Gross Margin
Operating Margin
-0.5%
-11.0%
Net Margin
-16.1%
3.4%
Revenue YoY
17.6%
8.6%
Net Profit YoY
76.9%
-72.8%
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.

Revenue
GSAT
GSAT
IVT
IVT
Q4 25
$72.0M
$77.4M
Q3 25
$73.8M
$74.5M
Q2 25
$67.1M
$73.6M
Q1 25
$60.0M
$73.8M
Q4 24
$61.2M
$71.2M
Q3 24
$72.3M
$68.5M
Q2 24
$60.4M
$67.4M
Q1 24
$56.5M
$66.8M
Net Profit
GSAT
GSAT
IVT
IVT
Q4 25
$-11.6M
$2.7M
Q3 25
$1.1M
$6.0M
Q2 25
$19.2M
$95.9M
Q1 25
$-17.3M
$6.8M
Q4 24
$-50.2M
$9.8M
Q3 24
$9.9M
$-539.0K
Q2 24
$-9.7M
$1.5M
Q1 24
$-13.2M
$2.9M
Operating Margin
GSAT
GSAT
IVT
IVT
Q4 25
-0.5%
-11.0%
Q3 25
13.8%
-9.8%
Q2 25
9.2%
Q1 25
-14.2%
-10.5%
Q4 24
-6.9%
-3.6%
Q3 24
13.0%
-18.7%
Q2 24
-2.4%
-13.6%
Q1 24
-8.3%
-13.1%
Net Margin
GSAT
GSAT
IVT
IVT
Q4 25
-16.1%
3.4%
Q3 25
1.5%
8.1%
Q2 25
28.6%
130.4%
Q1 25
-28.9%
9.2%
Q4 24
-82.1%
13.8%
Q3 24
13.7%
-0.8%
Q2 24
-16.0%
2.2%
Q1 24
-23.4%
4.3%
EPS (diluted)
GSAT
GSAT
IVT
IVT
Q4 25
$-0.11
$0.02
Q3 25
$-0.01
$0.08
Q2 25
$0.13
$1.23
Q1 25
$-0.16
$0.09
Q4 24
$-0.57
$0.14
Q3 24
$0.00
$-0.01
Q2 24
$-0.01
$0.02
Q1 24
$-0.01
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GSAT
GSAT
IVT
IVT
Cash + ST InvestmentsLiquidity on hand
$447.5M
Total DebtLower is stronger
$483.8M
$825.9M
Stockholders' EquityBook value
$355.7M
$1.8B
Total Assets
$2.3B
$2.8B
Debt / EquityLower = less leverage
1.36×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
IVT
IVT
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
Total Debt
GSAT
GSAT
IVT
IVT
Q4 25
$483.8M
$825.9M
Q3 25
$508.6M
$764.6M
Q2 25
$491.5M
$746.3M
Q1 25
$502.7M
$740.7M
Q4 24
$511.4M
$740.4M
Q3 24
$394.4M
$740.1M
Q2 24
$393.1M
$812.2M
Q1 24
$398.7M
$827.5M
Stockholders' Equity
GSAT
GSAT
IVT
IVT
Q4 25
$355.7M
$1.8B
Q3 25
$364.8M
$1.8B
Q2 25
$360.9M
$1.8B
Q1 25
$344.3M
$1.7B
Q4 24
$358.9M
$1.8B
Q3 24
$394.1M
$1.8B
Q2 24
$383.0M
$1.5B
Q1 24
$377.1M
$1.5B
Total Assets
GSAT
GSAT
IVT
IVT
Q4 25
$2.3B
$2.8B
Q3 25
$2.2B
$2.7B
Q2 25
$1.9B
$2.7B
Q1 25
$1.7B
$2.6B
Q4 24
$1.7B
$2.6B
Q3 24
$917.6M
$2.6B
Q2 24
$926.2M
$2.5B
Q1 24
$917.0M
$2.5B
Debt / Equity
GSAT
GSAT
IVT
IVT
Q4 25
1.36×
0.46×
Q3 25
1.39×
0.42×
Q2 25
1.36×
0.41×
Q1 25
1.46×
0.42×
Q4 24
1.43×
0.42×
Q3 24
1.00×
0.42×
Q2 24
1.03×
0.53×
Q1 24
1.06×
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GSAT
GSAT
IVT
IVT
Operating Cash FlowLast quarter
$175.9M
$155.4M
Free Cash FlowOCF − Capex
$110.9M
FCF MarginFCF / Revenue
143.3%
Capex IntensityCapex / Revenue
57.5%
Cash ConversionOCF / Net Profit
58.41×
TTM Free Cash FlowTrailing 4 quarters
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
IVT
IVT
Q4 25
$175.9M
$155.4M
Q3 25
$236.0M
$43.8M
Q2 25
$157.9M
$48.7M
Q1 25
$51.9M
$20.2M
Q4 24
$340.7M
$136.9M
Q3 24
$32.0M
$38.4M
Q2 24
$36.7M
$46.7M
Q1 24
$29.8M
$14.8M
Free Cash Flow
GSAT
GSAT
IVT
IVT
Q4 25
$110.9M
Q3 25
$31.4M
Q2 25
$38.0M
Q1 25
$12.8M
Q4 24
$100.8M
Q3 24
$29.3M
Q2 24
$37.2M
Q1 24
$7.7M
FCF Margin
GSAT
GSAT
IVT
IVT
Q4 25
143.3%
Q3 25
42.2%
Q2 25
51.6%
Q1 25
17.4%
Q4 24
141.5%
Q3 24
42.8%
Q2 24
55.2%
Q1 24
11.5%
Capex Intensity
GSAT
GSAT
IVT
IVT
Q4 25
57.5%
Q3 25
16.7%
Q2 25
14.6%
Q1 25
10.0%
Q4 24
50.7%
Q3 24
13.3%
Q2 24
14.0%
Q1 24
10.6%
Cash Conversion
GSAT
GSAT
IVT
IVT
Q4 25
58.41×
Q3 25
216.53×
7.27×
Q2 25
8.22×
0.51×
Q1 25
2.97×
Q4 24
13.97×
Q3 24
3.23×
Q2 24
31.15×
Q1 24
5.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GSAT
GSAT

Services$67.4M94%
Products$4.6M6%

IVT
IVT

Segment breakdown not available.

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