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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $56.8M, roughly 1.3× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -16.1%, a 30.3% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 17.6%). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.
GSAT vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $56.8M |
| Net Profit | $-11.6M | $8.1M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 60.0% |
| Net Margin | -16.1% | 14.2% |
| Revenue YoY | 17.6% | 55.6% |
| Net Profit YoY | 76.9% | -83.7% |
| EPS (diluted) | $-0.11 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $73.8M | $50.8M | ||
| Q2 25 | $67.1M | $47.5M | ||
| Q1 25 | $60.0M | $44.0M | ||
| Q4 24 | $61.2M | $36.5M | ||
| Q3 24 | $72.3M | $28.5M | ||
| Q2 24 | $60.4M | $26.0M | ||
| Q1 24 | $56.5M | $19.0M |
| Q4 25 | $-11.6M | $8.1M | ||
| Q3 25 | $1.1M | $8.1M | ||
| Q2 25 | $19.2M | $7.5M | ||
| Q1 25 | $-17.3M | $6.5M | ||
| Q4 24 | $-50.2M | $49.3M | ||
| Q3 24 | $9.9M | $2.7M | ||
| Q2 24 | $-9.7M | $-57.7M | ||
| Q1 24 | $-13.2M | $10.8M |
| Q4 25 | -0.5% | 60.0% | ||
| Q3 25 | 13.8% | 60.8% | ||
| Q2 25 | 9.2% | 60.0% | ||
| Q1 25 | -14.2% | 57.0% | ||
| Q4 24 | -6.9% | 49.4% | ||
| Q3 24 | 13.0% | 11.2% | ||
| Q2 24 | -2.4% | -197.4% | ||
| Q1 24 | -8.3% | 71.1% |
| Q4 25 | -16.1% | 14.2% | ||
| Q3 25 | 1.5% | 15.9% | ||
| Q2 25 | 28.6% | 15.8% | ||
| Q1 25 | -28.9% | 14.7% | ||
| Q4 24 | -82.1% | 135.2% | ||
| Q3 24 | 13.7% | 9.3% | ||
| Q2 24 | -16.0% | -222.1% | ||
| Q1 24 | -23.4% | 56.7% |
| Q4 25 | $-0.11 | $0.24 | ||
| Q3 25 | $-0.01 | $0.26 | ||
| Q2 25 | $0.13 | $0.24 | ||
| Q1 25 | $-0.16 | $0.20 | ||
| Q4 24 | $-0.57 | — | ||
| Q3 24 | $0.00 | $-0.04 | ||
| 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 | $30.7M |
| Total DebtLower is stronger | $483.8M | $570.7M |
| Stockholders' EquityBook value | $355.7M | $340.3M |
| Total Assets | $2.3B | $1.4B |
| Debt / EquityLower = less leverage | 1.36× | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $30.7M | ||
| Q3 25 | $346.3M | $28.3M | ||
| Q2 25 | $308.2M | $20.3M | ||
| Q1 25 | $241.4M | $14.9M | ||
| Q4 24 | $391.2M | $37.0M | ||
| Q3 24 | $51.9M | $14.4M | ||
| Q2 24 | $64.3M | $24.6M | ||
| Q1 24 | $59.3M | — |
| Q4 25 | $483.8M | $570.7M | ||
| Q3 25 | $508.6M | $366.1M | ||
| Q2 25 | $491.5M | $370.9M | ||
| Q1 25 | $502.7M | $375.5M | ||
| Q4 24 | $511.4M | $385.5M | ||
| Q3 24 | $394.4M | $242.4M | ||
| Q2 24 | $393.1M | $360.8M | ||
| Q1 24 | $398.7M | — |
| Q4 25 | $355.7M | $340.3M | ||
| Q3 25 | $364.8M | $272.0M | ||
| Q2 25 | $360.9M | $266.4M | ||
| Q1 25 | $344.3M | $217.0M | ||
| Q4 24 | $358.9M | $211.8M | ||
| Q3 24 | $394.1M | $97.2M | ||
| Q2 24 | $383.0M | $296.4M | ||
| Q1 24 | $377.1M | $162.3M |
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $917.6M | $689.9M | ||
| Q2 24 | $926.2M | $710.5M | ||
| Q1 24 | $917.0M | — |
| Q4 25 | 1.36× | 1.68× | ||
| Q3 25 | 1.39× | 1.35× | ||
| Q2 25 | 1.36× | 1.39× | ||
| Q1 25 | 1.46× | 1.73× | ||
| Q4 24 | 1.43× | 1.82× | ||
| Q3 24 | 1.00× | 2.49× | ||
| Q2 24 | 1.03× | 1.22× | ||
| 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 | $126.3M |
| Free Cash FlowOCF − Capex | — | $122.0M |
| FCF MarginFCF / Revenue | — | 214.9% |
| Capex IntensityCapex / Revenue | — | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $126.3M | ||
| Q3 25 | $236.0M | $34.9M | ||
| Q2 25 | $157.9M | $37.3M | ||
| Q1 25 | $51.9M | $15.9M | ||
| Q4 24 | $340.7M | $67.6M | ||
| Q3 24 | $32.0M | $7.5M | ||
| Q2 24 | $36.7M | $16.0M | ||
| Q1 24 | $29.8M | $17.2M |
| Q4 25 | — | $122.0M | ||
| Q3 25 | — | $33.7M | ||
| Q2 25 | — | $36.1M | ||
| Q1 25 | — | $15.8M | ||
| Q4 24 | — | $66.7M | ||
| Q3 24 | — | $7.1M | ||
| Q2 24 | — | $15.7M | ||
| Q1 24 | — | $17.1M |
| Q4 25 | — | 214.9% | ||
| Q3 25 | — | 66.3% | ||
| Q2 25 | — | 75.9% | ||
| Q1 25 | — | 36.0% | ||
| Q4 24 | — | 182.6% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | — | 60.4% | ||
| Q1 24 | — | 90.1% |
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | 216.53× | 4.31× | ||
| Q2 25 | 8.22× | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | 3.23× | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.60× |
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% |
LB
Segment breakdown not available.
