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

LTC PROPERTIES INC is the larger business by last-quarter revenue ($84.3M vs $72.0M, roughly 1.2× Globalstar, Inc.). LTC PROPERTIES INC runs the higher net margin — 123.0% vs -16.1%, a 139.1% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs 17.6%). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% 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.

LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.

GSAT vs LTC — Head-to-Head

Bigger by revenue
LTC
LTC
1.2× larger
LTC
$84.3M
$72.0M
GSAT
Growing faster (revenue YoY)
LTC
LTC
+42.7% gap
LTC
60.3%
17.6%
GSAT
Higher net margin
LTC
LTC
139.1% more per $
LTC
123.0%
-16.1%
GSAT
Faster 2-yr revenue CAGR
LTC
LTC
Annualised
LTC
28.1%
12.9%
GSAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
LTC
LTC
Revenue
$72.0M
$84.3M
Net Profit
$-11.6M
$103.7M
Gross Margin
Operating Margin
-0.5%
Net Margin
-16.1%
123.0%
Revenue YoY
17.6%
60.3%
Net Profit YoY
76.9%
429.1%
EPS (diluted)
$-0.11
$2.19

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
LTC
LTC
Q4 25
$72.0M
$84.3M
Q3 25
$73.8M
$69.3M
Q2 25
$67.1M
$60.2M
Q1 25
$60.0M
$49.0M
Q4 24
$61.2M
$52.6M
Q3 24
$72.3M
$55.8M
Q2 24
$60.4M
$50.1M
Q1 24
$56.5M
$51.4M
Net Profit
GSAT
GSAT
LTC
LTC
Q4 25
$-11.6M
$103.7M
Q3 25
$1.1M
$-20.0M
Q2 25
$19.2M
$15.1M
Q1 25
$-17.3M
$20.7M
Q4 24
$-50.2M
$19.6M
Q3 24
$9.9M
$29.4M
Q2 24
$-9.7M
$19.4M
Q1 24
$-13.2M
$24.2M
Operating Margin
GSAT
GSAT
LTC
LTC
Q4 25
-0.5%
Q3 25
13.8%
71.9%
Q2 25
9.2%
80.5%
Q1 25
-14.2%
37.8%
Q4 24
-6.9%
Q3 24
13.0%
95.5%
Q2 24
-2.4%
38.0%
Q1 24
-8.3%
47.3%
Net Margin
GSAT
GSAT
LTC
LTC
Q4 25
-16.1%
123.0%
Q3 25
1.5%
-28.9%
Q2 25
28.6%
25.1%
Q1 25
-28.9%
42.2%
Q4 24
-82.1%
37.3%
Q3 24
13.7%
52.6%
Q2 24
-16.0%
38.6%
Q1 24
-23.4%
47.2%
EPS (diluted)
GSAT
GSAT
LTC
LTC
Q4 25
$-0.11
$2.19
Q3 25
$-0.01
$-0.44
Q2 25
$0.13
$0.32
Q1 25
$-0.16
$0.45
Q4 24
$-0.57
$0.38
Q3 24
$0.00
$0.66
Q2 24
$-0.01
$0.44
Q1 24
$-0.01
$0.56

Balance Sheet & Financial Strength

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

Metric
GSAT
GSAT
LTC
LTC
Cash + ST InvestmentsLiquidity on hand
$447.5M
$14.4M
Total DebtLower is stronger
$483.8M
$842.2M
Stockholders' EquityBook value
$355.7M
$1.1B
Total Assets
$2.3B
$2.1B
Debt / EquityLower = less leverage
1.36×
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
LTC
LTC
Q4 25
$447.5M
$14.4M
Q3 25
$346.3M
$17.9M
Q2 25
$308.2M
$7.6M
Q1 25
$241.4M
$23.3M
Q4 24
$391.2M
$9.4M
Q3 24
$51.9M
$35.0M
Q2 24
$64.3M
$6.2M
Q1 24
$59.3M
$9.0M
Total Debt
GSAT
GSAT
LTC
LTC
Q4 25
$483.8M
$842.2M
Q3 25
$508.6M
$944.5M
Q2 25
$491.5M
$696.5M
Q1 25
$502.7M
$682.2M
Q4 24
$511.4M
$684.6M
Q3 24
$394.4M
$785.3M
Q2 24
$393.1M
$861.0M
Q1 24
$398.7M
$860.2M
Stockholders' Equity
GSAT
GSAT
LTC
LTC
Q4 25
$355.7M
$1.1B
Q3 25
$364.8M
$957.9M
Q2 25
$360.9M
$957.5M
Q1 25
$344.3M
$961.9M
Q4 24
$358.9M
$960.6M
Q3 24
$394.1M
$947.8M
Q2 24
$383.0M
$889.1M
Q1 24
$377.1M
$886.2M
Total Assets
GSAT
GSAT
LTC
LTC
Q4 25
$2.3B
$2.1B
Q3 25
$2.2B
$2.0B
Q2 25
$1.9B
$1.8B
Q1 25
$1.7B
$1.8B
Q4 24
$1.7B
$1.8B
Q3 24
$917.6M
$1.9B
Q2 24
$926.2M
$1.9B
Q1 24
$917.0M
$1.8B
Debt / Equity
GSAT
GSAT
LTC
LTC
Q4 25
1.36×
0.78×
Q3 25
1.39×
0.99×
Q2 25
1.36×
0.73×
Q1 25
1.46×
0.71×
Q4 24
1.43×
0.71×
Q3 24
1.00×
0.83×
Q2 24
1.03×
0.97×
Q1 24
1.06×
0.97×

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
LTC
LTC
Operating Cash FlowLast quarter
$175.9M
$136.0M
Free Cash FlowOCF − Capex
$128.7M
FCF MarginFCF / Revenue
152.7%
Capex IntensityCapex / Revenue
8.6%
Cash ConversionOCF / Net Profit
1.31×
TTM Free Cash FlowTrailing 4 quarters
$220.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
LTC
LTC
Q4 25
$175.9M
$136.0M
Q3 25
$236.0M
$38.4M
Q2 25
$157.9M
$30.0M
Q1 25
$51.9M
$29.6M
Q4 24
$340.7M
$125.9M
Q3 24
$32.0M
$34.0M
Q2 24
$36.7M
$37.0M
Q1 24
$29.8M
$21.1M
Free Cash Flow
GSAT
GSAT
LTC
LTC
Q4 25
$128.7M
Q3 25
$34.3M
Q2 25
$28.9M
Q1 25
$28.2M
Q4 24
$112.2M
Q3 24
$27.7M
Q2 24
$34.7M
Q1 24
$19.7M
FCF Margin
GSAT
GSAT
LTC
LTC
Q4 25
152.7%
Q3 25
49.4%
Q2 25
47.9%
Q1 25
57.6%
Q4 24
213.4%
Q3 24
49.7%
Q2 24
69.1%
Q1 24
38.4%
Capex Intensity
GSAT
GSAT
LTC
LTC
Q4 25
8.6%
Q3 25
6.0%
Q2 25
1.9%
Q1 25
2.7%
Q4 24
26.0%
Q3 24
11.2%
Q2 24
4.6%
Q1 24
2.6%
Cash Conversion
GSAT
GSAT
LTC
LTC
Q4 25
1.31×
Q3 25
216.53×
Q2 25
8.22×
1.99×
Q1 25
1.43×
Q4 24
6.43×
Q3 24
3.23×
1.16×
Q2 24
1.91×
Q1 24
0.87×

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%

LTC
LTC

Seniors Housing Operating Portfolio Segment$72.1M86%
Other$12.2M14%

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