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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.

Limbach Holdings, Inc. is the larger business by last-quarter revenue ($138.9M vs $72.0M, roughly 1.9× Globalstar, Inc.). Limbach Holdings, Inc. runs the higher net margin — 3.2% vs -16.1%, a 19.3% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 4.3%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 6.6%).

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.

Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.

GSAT vs LMB — Head-to-Head

Bigger by revenue
LMB
LMB
1.9× larger
LMB
$138.9M
$72.0M
GSAT
Growing faster (revenue YoY)
GSAT
GSAT
+13.3% gap
GSAT
17.6%
4.3%
LMB
Higher net margin
LMB
LMB
19.3% more per $
LMB
3.2%
-16.1%
GSAT
Faster 2-yr revenue CAGR
GSAT
GSAT
Annualised
GSAT
12.9%
6.6%
LMB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GSAT
GSAT
LMB
LMB
Revenue
$72.0M
$138.9M
Net Profit
$-11.6M
$4.4M
Gross Margin
22.4%
Operating Margin
-0.5%
0.8%
Net Margin
-16.1%
3.2%
Revenue YoY
17.6%
4.3%
Net Profit YoY
76.9%
EPS (diluted)
$-0.11
$0.36

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
LMB
LMB
Q1 26
$138.9M
Q4 25
$72.0M
$186.9M
Q3 25
$73.8M
$184.6M
Q2 25
$67.1M
$142.2M
Q1 25
$60.0M
$133.1M
Q4 24
$61.2M
$143.7M
Q3 24
$72.3M
$133.9M
Q2 24
$60.4M
$122.2M
Net Profit
GSAT
GSAT
LMB
LMB
Q1 26
$4.4M
Q4 25
$-11.6M
$12.3M
Q3 25
$1.1M
$8.8M
Q2 25
$19.2M
$7.8M
Q1 25
$-17.3M
$10.2M
Q4 24
$-50.2M
$9.8M
Q3 24
$9.9M
$7.5M
Q2 24
$-9.7M
$6.0M
Gross Margin
GSAT
GSAT
LMB
LMB
Q1 26
22.4%
Q4 25
25.7%
Q3 25
24.2%
Q2 25
28.0%
Q1 25
27.6%
Q4 24
30.3%
Q3 24
27.0%
Q2 24
27.4%
Operating Margin
GSAT
GSAT
LMB
LMB
Q1 26
0.8%
Q4 25
-0.5%
9.4%
Q3 25
13.8%
7.2%
Q2 25
9.2%
7.5%
Q1 25
-14.2%
5.9%
Q4 24
-6.9%
9.1%
Q3 24
13.0%
8.1%
Q2 24
-2.4%
6.7%
Net Margin
GSAT
GSAT
LMB
LMB
Q1 26
3.2%
Q4 25
-16.1%
6.6%
Q3 25
1.5%
4.8%
Q2 25
28.6%
5.5%
Q1 25
-28.9%
7.7%
Q4 24
-82.1%
6.9%
Q3 24
13.7%
5.6%
Q2 24
-16.0%
4.9%
EPS (diluted)
GSAT
GSAT
LMB
LMB
Q1 26
$0.36
Q4 25
$-0.11
$1.01
Q3 25
$-0.01
$0.73
Q2 25
$0.13
$0.64
Q1 25
$-0.16
$0.85
Q4 24
$-0.57
$0.81
Q3 24
$0.00
$0.62
Q2 24
$-0.01
$0.50

Balance Sheet & Financial Strength

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

Metric
GSAT
GSAT
LMB
LMB
Cash + ST InvestmentsLiquidity on hand
$447.5M
$15.8M
Total DebtLower is stronger
$483.8M
$56.6M
Stockholders' EquityBook value
$355.7M
$196.3M
Total Assets
$2.3B
$377.0M
Debt / EquityLower = less leverage
1.36×
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
LMB
LMB
Q1 26
$15.8M
Q4 25
$447.5M
$11.3M
Q3 25
$346.3M
$9.8M
Q2 25
$308.2M
$38.9M
Q1 25
$241.4M
$38.1M
Q4 24
$391.2M
$44.9M
Q3 24
$51.9M
$51.2M
Q2 24
$64.3M
$59.5M
Total Debt
GSAT
GSAT
LMB
LMB
Q1 26
$56.6M
Q4 25
$483.8M
$30.5M
Q3 25
$508.6M
$56.3M
Q2 25
$491.5M
$28.4M
Q1 25
$502.7M
$23.7M
Q4 24
$511.4M
$23.6M
Q3 24
$394.4M
$20.5M
Q2 24
$393.1M
$19.7M
Stockholders' Equity
GSAT
GSAT
LMB
LMB
Q1 26
$196.3M
Q4 25
$355.7M
$195.7M
Q3 25
$364.8M
$181.6M
Q2 25
$360.9M
$170.5M
Q1 25
$344.3M
$161.1M
Q4 24
$358.9M
$153.5M
Q3 24
$394.1M
$142.2M
Q2 24
$383.0M
$133.0M
Total Assets
GSAT
GSAT
LMB
LMB
Q1 26
$377.0M
Q4 25
$2.3B
$381.1M
Q3 25
$2.2B
$409.1M
Q2 25
$1.9B
$343.0M
Q1 25
$1.7B
$336.4M
Q4 24
$1.7B
$352.1M
Q3 24
$917.6M
$324.4M
Q2 24
$926.2M
$303.9M
Debt / Equity
GSAT
GSAT
LMB
LMB
Q1 26
0.29×
Q4 25
1.36×
0.16×
Q3 25
1.39×
0.31×
Q2 25
1.36×
0.17×
Q1 25
1.46×
0.15×
Q4 24
1.43×
0.15×
Q3 24
1.00×
0.14×
Q2 24
1.03×
0.15×

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
LMB
LMB
Operating Cash FlowLast quarter
$175.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
LMB
LMB
Q1 26
Q4 25
$175.9M
$28.1M
Q3 25
$236.0M
$13.3M
Q2 25
$157.9M
$2.0M
Q1 25
$51.9M
$2.2M
Q4 24
$340.7M
$19.3M
Q3 24
$32.0M
$4.9M
Q2 24
$36.7M
$16.5M
Free Cash Flow
GSAT
GSAT
LMB
LMB
Q1 26
Q4 25
$27.9M
Q3 25
$12.8M
Q2 25
$1.2M
Q1 25
$11.0K
Q4 24
$18.0M
Q3 24
$4.6M
Q2 24
$13.2M
FCF Margin
GSAT
GSAT
LMB
LMB
Q1 26
Q4 25
14.9%
Q3 25
7.0%
Q2 25
0.8%
Q1 25
0.0%
Q4 24
12.5%
Q3 24
3.4%
Q2 24
10.8%
Capex Intensity
GSAT
GSAT
LMB
LMB
Q1 26
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.6%
Q1 25
1.7%
Q4 24
0.9%
Q3 24
0.3%
Q2 24
2.7%
Cash Conversion
GSAT
GSAT
LMB
LMB
Q1 26
Q4 25
2.29×
Q3 25
216.53×
1.52×
Q2 25
8.22×
0.26×
Q1 25
0.22×
Q4 24
1.96×
Q3 24
3.23×
0.66×
Q2 24
2.77×

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%

LMB
LMB

ODR$99.8M72%
GCR$39.0M28%

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