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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
Loar Holdings Inc. is the larger business by last-quarter revenue ($131.8M vs $72.0M, roughly 1.8× Globalstar, Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs -16.1%, a 25.6% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs 17.6%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% 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 LOAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $131.8M |
| Net Profit | $-11.6M | $12.5M |
| Gross Margin | — | 52.1% |
| Operating Margin | -0.5% | 18.0% |
| Net Margin | -16.1% | 9.5% |
| Revenue YoY | 17.6% | 19.3% |
| Net Profit YoY | 76.9% | 239.5% |
| EPS (diluted) | $-0.11 | $0.13 |
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 | $131.8M | ||
| Q3 25 | $73.8M | $126.8M | ||
| Q2 25 | $67.1M | $123.1M | ||
| Q1 25 | $60.0M | $114.7M | ||
| Q4 24 | $61.2M | $110.4M | ||
| Q3 24 | $72.3M | $103.5M | ||
| Q2 24 | $60.4M | $97.0M | ||
| Q1 24 | $56.5M | $91.8M |
| Q4 25 | $-11.6M | $12.5M | ||
| Q3 25 | $1.1M | $27.6M | ||
| Q2 25 | $19.2M | $16.7M | ||
| Q1 25 | $-17.3M | $15.3M | ||
| Q4 24 | $-50.2M | $3.7M | ||
| Q3 24 | $9.9M | $8.7M | ||
| Q2 24 | $-9.7M | $7.6M | ||
| Q1 24 | $-13.2M | $2.2M |
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 53.8% | ||
| Q1 25 | — | 52.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 49.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | -0.5% | 18.0% | ||
| Q3 25 | 13.8% | 22.9% | ||
| Q2 25 | 9.2% | 22.2% | ||
| Q1 25 | -14.2% | 22.8% | ||
| Q4 24 | -6.9% | 19.2% | ||
| Q3 24 | 13.0% | 22.1% | ||
| Q2 24 | -2.4% | 22.9% | ||
| Q1 24 | -8.3% | 23.3% |
| Q4 25 | -16.1% | 9.5% | ||
| Q3 25 | 1.5% | 21.8% | ||
| Q2 25 | 28.6% | 13.6% | ||
| Q1 25 | -28.9% | 13.4% | ||
| Q4 24 | -82.1% | 3.3% | ||
| Q3 24 | 13.7% | 8.4% | ||
| Q2 24 | -16.0% | 7.9% | ||
| Q1 24 | -23.4% | 2.4% |
| Q4 25 | $-0.11 | $0.13 | ||
| Q3 25 | $-0.01 | $0.29 | ||
| Q2 25 | $0.13 | $0.17 | ||
| Q1 25 | $-0.16 | $0.16 | ||
| Q4 24 | $-0.57 | $-11023.48 | ||
| Q3 24 | $0.00 | $0.09 | ||
| Q2 24 | $-0.01 | $0.09 | ||
| Q1 24 | $-0.01 | $11023.54 |
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 | $84.8M |
| Total DebtLower is stronger | $483.8M | $715.7M |
| Stockholders' EquityBook value | $355.7M | $1.2B |
| Total Assets | $2.3B | $2.0B |
| Debt / EquityLower = less leverage | 1.36× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $84.8M | ||
| Q3 25 | $346.3M | $99.0M | ||
| Q2 25 | $308.2M | $103.3M | ||
| Q1 25 | $241.4M | $80.5M | ||
| Q4 24 | $391.2M | $54.1M | ||
| Q3 24 | $51.9M | $55.2M | ||
| Q2 24 | $64.3M | $73.2M | ||
| Q1 24 | $59.3M | $28.2M |
| Q4 25 | $483.8M | $715.7M | ||
| Q3 25 | $508.6M | $279.4M | ||
| Q2 25 | $491.5M | $277.7M | ||
| Q1 25 | $502.7M | $277.5M | ||
| Q4 24 | $511.4M | $277.3M | ||
| Q3 24 | $394.4M | $602.1M | ||
| Q2 24 | $393.1M | $250.7M | ||
| Q1 24 | $398.7M | $534.2M |
| Q4 25 | $355.7M | $1.2B | ||
| Q3 25 | $364.8M | $1.2B | ||
| Q2 25 | $360.9M | $1.1B | ||
| Q1 25 | $344.3M | $1.1B | ||
| Q4 24 | $358.9M | $1.1B | ||
| Q3 24 | $394.1M | $769.8M | ||
| Q2 24 | $383.0M | $758.4M | ||
| Q1 24 | $377.1M | $420.6M |
| Q4 25 | $2.3B | $2.0B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.7B | $1.5B | ||
| Q3 24 | $917.6M | $1.5B | ||
| Q2 24 | $926.2M | $1.1B | ||
| Q1 24 | $917.0M | $1.1B |
| Q4 25 | 1.36× | 0.61× | ||
| Q3 25 | 1.39× | 0.24× | ||
| Q2 25 | 1.36× | 0.25× | ||
| Q1 25 | 1.46× | 0.25× | ||
| Q4 24 | 1.43× | 0.25× | ||
| Q3 24 | 1.00× | 0.78× | ||
| Q2 24 | 1.03× | 0.33× | ||
| Q1 24 | 1.06× | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $30.4M | ||
| Q3 25 | $236.0M | $29.7M | ||
| Q2 25 | $157.9M | $23.8M | ||
| Q1 25 | $51.9M | $28.4M | ||
| Q4 24 | $340.7M | $20.7M | ||
| Q3 24 | $32.0M | $16.3M | ||
| Q2 24 | $36.7M | $7.1M | ||
| Q1 24 | $29.8M | $10.8M |
| Q4 25 | — | 2.43× | ||
| Q3 25 | 216.53× | 1.08× | ||
| Q2 25 | 8.22× | 1.42× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 5.62× | ||
| Q3 24 | 3.23× | 1.89× | ||
| Q2 24 | — | 0.93× | ||
| Q1 24 | — | 4.81× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
