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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.
Kennedy-Wilson Holdings, Inc. is the larger business by last-quarter revenue ($120.6M vs $72.0M, roughly 1.7× Globalstar, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -16.1%, a 64.2% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -11.0%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -6.0%).
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.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
GSAT vs KW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $120.6M |
| Net Profit | $-11.6M | $58.0M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 57.3% |
| Net Margin | -16.1% | 48.1% |
| Revenue YoY | 17.6% | -11.0% |
| Net Profit YoY | 76.9% | 32.7% |
| EPS (diluted) | $-0.11 | $0.22 |
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 | $120.6M | ||
| Q3 25 | $73.8M | $116.4M | ||
| Q2 25 | $67.1M | $135.7M | ||
| Q1 25 | $60.0M | $128.3M | ||
| Q4 24 | $61.2M | $135.5M | ||
| Q3 24 | $72.3M | $127.5M | ||
| Q2 24 | $60.4M | $132.0M | ||
| Q1 24 | $56.5M | $136.4M |
| Q4 25 | $-11.6M | $58.0M | ||
| Q3 25 | $1.1M | $-10.2M | ||
| Q2 25 | $19.2M | $5.6M | ||
| Q1 25 | $-17.3M | $-29.6M | ||
| Q4 24 | $-50.2M | $43.7M | ||
| Q3 24 | $9.9M | $-66.8M | ||
| Q2 24 | $-9.7M | $-48.3M | ||
| Q1 24 | $-13.2M | $37.7M |
| Q4 25 | -0.5% | 57.3% | ||
| Q3 25 | 13.8% | -6.2% | ||
| Q2 25 | 9.2% | 7.4% | ||
| Q1 25 | -14.2% | -26.9% | ||
| Q4 24 | -6.9% | 36.7% | ||
| Q3 24 | 13.0% | -60.8% | ||
| Q2 24 | -2.4% | -45.5% | ||
| Q1 24 | -8.3% | 47.2% |
| Q4 25 | -16.1% | 48.1% | ||
| Q3 25 | 1.5% | -8.8% | ||
| Q2 25 | 28.6% | 4.1% | ||
| Q1 25 | -28.9% | -23.1% | ||
| Q4 24 | -82.1% | 32.3% | ||
| Q3 24 | 13.7% | -52.4% | ||
| Q2 24 | -16.0% | -36.6% | ||
| Q1 24 | -23.4% | 27.6% |
| Q4 25 | $-0.11 | $0.22 | ||
| Q3 25 | $-0.01 | $-0.15 | ||
| Q2 25 | $0.13 | $-0.05 | ||
| Q1 25 | $-0.16 | $-0.30 | ||
| Q4 24 | $-0.57 | $0.24 | ||
| Q3 24 | $0.00 | $-0.56 | ||
| Q2 24 | $-0.01 | $-0.43 | ||
| Q1 24 | $-0.01 | $0.19 |
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 | $184.5M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $1.5B |
| Total Assets | $2.3B | $6.6B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $184.5M | ||
| Q3 25 | $346.3M | $382.6M | ||
| Q2 25 | $308.2M | $309.1M | ||
| Q1 25 | $241.4M | $356.6M | ||
| Q4 24 | $391.2M | $217.5M | ||
| Q3 24 | $51.9M | $367.1M | ||
| Q2 24 | $64.3M | $366.5M | ||
| Q1 24 | $59.3M | $541.9M |
| 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 | $1.5B | ||
| Q3 25 | $364.8M | $1.5B | ||
| Q2 25 | $360.9M | $1.6B | ||
| Q1 25 | $344.3M | $1.6B | ||
| Q4 24 | $358.9M | $1.6B | ||
| Q3 24 | $394.1M | $1.6B | ||
| Q2 24 | $383.0M | $1.7B | ||
| Q1 24 | $377.1M | $1.7B |
| Q4 25 | $2.3B | $6.6B | ||
| Q3 25 | $2.2B | $6.7B | ||
| Q2 25 | $1.9B | $6.8B | ||
| Q1 25 | $1.7B | $7.2B | ||
| Q4 24 | $1.7B | $7.0B | ||
| Q3 24 | $917.6M | $7.4B | ||
| Q2 24 | $926.2M | $7.5B | ||
| Q1 24 | $917.0M | $7.7B |
| 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 | $11.4M |
| Free Cash FlowOCF − Capex | — | $-55.2M |
| FCF MarginFCF / Revenue | — | -45.8% |
| Capex IntensityCapex / Revenue | — | 55.2% |
| Cash ConversionOCF / Net Profit | — | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $11.4M | ||
| Q3 25 | $236.0M | $-7.6M | ||
| Q2 25 | $157.9M | $42.0M | ||
| Q1 25 | $51.9M | $-51.9M | ||
| Q4 24 | $340.7M | $55.1M | ||
| Q3 24 | $32.0M | $-5.6M | ||
| Q2 24 | $36.7M | $36.7M | ||
| Q1 24 | $29.8M | $-5.6M |
| Q4 25 | — | $-55.2M | ||
| Q3 25 | — | $-18.0M | ||
| Q2 25 | — | $29.4M | ||
| Q1 25 | — | $-59.7M | ||
| Q4 24 | — | $-76.5M | ||
| Q3 24 | — | $-27.7M | ||
| Q2 24 | — | $-500.0K | ||
| Q1 24 | — | $-57.1M |
| Q4 25 | — | -45.8% | ||
| Q3 25 | — | -15.5% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | -46.5% | ||
| Q4 24 | — | -56.5% | ||
| Q3 24 | — | -21.7% | ||
| Q2 24 | — | -0.4% | ||
| Q1 24 | — | -41.9% |
| Q4 25 | — | 55.2% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 97.1% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 37.8% |
| Q4 25 | — | 0.20× | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | 7.50× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | 3.23× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.15× |
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% |
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
