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

LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $72.0M, roughly 1.2× Globalstar, Inc.). LXP Industrial Trust runs the higher net margin — 33.2% vs -16.1%, a 49.3% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -14.0%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 0.3%).

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.

LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.

GSAT vs LXP — Head-to-Head

Bigger by revenue
LXP
LXP
1.2× larger
LXP
$86.7M
$72.0M
GSAT
Growing faster (revenue YoY)
GSAT
GSAT
+31.6% gap
GSAT
17.6%
-14.0%
LXP
Higher net margin
LXP
LXP
49.3% more per $
LXP
33.2%
-16.1%
GSAT
Faster 2-yr revenue CAGR
GSAT
GSAT
Annualised
GSAT
12.9%
0.3%
LXP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
LXP
LXP
Revenue
$72.0M
$86.7M
Net Profit
$-11.6M
$28.8M
Gross Margin
81.5%
Operating Margin
-0.5%
34.6%
Net Margin
-16.1%
33.2%
Revenue YoY
17.6%
-14.0%
Net Profit YoY
76.9%
EPS (diluted)
$-0.11

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
LXP
LXP
Q4 25
$72.0M
$86.7M
Q3 25
$73.8M
$86.9M
Q2 25
$67.1M
$87.7M
Q1 25
$60.0M
$88.9M
Q4 24
$61.2M
$100.9M
Q3 24
$72.3M
$85.6M
Q2 24
$60.4M
$85.8M
Q1 24
$56.5M
$86.3M
Net Profit
GSAT
GSAT
LXP
LXP
Q4 25
$-11.6M
$28.8M
Q3 25
$1.1M
$36.3M
Q2 25
$19.2M
$29.1M
Q1 25
$-17.3M
$19.0M
Q4 24
$-50.2M
Q3 24
$9.9M
$6.3M
Q2 24
$-9.7M
$5.4M
Q1 24
$-13.2M
$-269.0K
Gross Margin
GSAT
GSAT
LXP
LXP
Q4 25
81.5%
Q3 25
82.3%
Q2 25
81.9%
Q1 25
80.7%
Q4 24
85.3%
Q3 24
82.5%
Q2 24
82.0%
Q1 24
82.4%
Operating Margin
GSAT
GSAT
LXP
LXP
Q4 25
-0.5%
34.6%
Q3 25
13.8%
50.4%
Q2 25
9.2%
33.7%
Q1 25
-14.2%
21.8%
Q4 24
-6.9%
Q3 24
13.0%
7.9%
Q2 24
-2.4%
6.9%
Q1 24
-8.3%
1.0%
Net Margin
GSAT
GSAT
LXP
LXP
Q4 25
-16.1%
33.2%
Q3 25
1.5%
41.7%
Q2 25
28.6%
33.2%
Q1 25
-28.9%
21.4%
Q4 24
-82.1%
Q3 24
13.7%
7.4%
Q2 24
-16.0%
6.3%
Q1 24
-23.4%
-0.3%
EPS (diluted)
GSAT
GSAT
LXP
LXP
Q4 25
$-0.11
Q3 25
$-0.01
$0.12
Q2 25
$0.13
$0.09
Q1 25
$-0.16
$0.06
Q4 24
$-0.57
Q3 24
$0.00
$0.02
Q2 24
$-0.01
$0.01
Q1 24
$-0.01
$-0.01

Balance Sheet & Financial Strength

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

Metric
GSAT
GSAT
LXP
LXP
Cash + ST InvestmentsLiquidity on hand
$447.5M
$170.4M
Total DebtLower is stronger
$483.8M
$1.4B
Stockholders' EquityBook value
$355.7M
$2.0B
Total Assets
$2.3B
$3.5B
Debt / EquityLower = less leverage
1.36×
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
LXP
LXP
Q4 25
$447.5M
$170.4M
Q3 25
$346.3M
$229.7M
Q2 25
$308.2M
$71.0M
Q1 25
$241.4M
$70.9M
Q4 24
$391.2M
$101.8M
Q3 24
$51.9M
$55.0M
Q2 24
$64.3M
$48.7M
Q1 24
$59.3M
$293.8M
Total Debt
GSAT
GSAT
LXP
LXP
Q4 25
$483.8M
$1.4B
Q3 25
$508.6M
$1.5B
Q2 25
$491.5M
$1.5B
Q1 25
$502.7M
$1.5B
Q4 24
$511.4M
$1.6B
Q3 24
$394.4M
Q2 24
$393.1M
Q1 24
$398.7M
Stockholders' Equity
GSAT
GSAT
LXP
LXP
Q4 25
$355.7M
$2.0B
Q3 25
$364.8M
$2.1B
Q2 25
$360.9M
$2.1B
Q1 25
$344.3M
$2.1B
Q4 24
$358.9M
$2.1B
Q3 24
$394.1M
$2.1B
Q2 24
$383.0M
$2.1B
Q1 24
$377.1M
$2.2B
Total Assets
GSAT
GSAT
LXP
LXP
Q4 25
$2.3B
$3.5B
Q3 25
$2.2B
$3.7B
Q2 25
$1.9B
$3.7B
Q1 25
$1.7B
$3.8B
Q4 24
$1.7B
$3.8B
Q3 24
$917.6M
$3.9B
Q2 24
$926.2M
$3.9B
Q1 24
$917.0M
$4.2B
Debt / Equity
GSAT
GSAT
LXP
LXP
Q4 25
1.36×
0.66×
Q3 25
1.39×
0.72×
Q2 25
1.36×
0.72×
Q1 25
1.46×
0.73×
Q4 24
1.43×
0.75×
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
GSAT
GSAT
LXP
LXP
Operating Cash FlowLast quarter
$175.9M
$188.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.56×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
LXP
LXP
Q4 25
$175.9M
$188.7M
Q3 25
$236.0M
$63.5M
Q2 25
$157.9M
$44.3M
Q1 25
$51.9M
$39.0M
Q4 24
$340.7M
$211.2M
Q3 24
$32.0M
$64.6M
Q2 24
$36.7M
$38.5M
Q1 24
$29.8M
$38.9M
Cash Conversion
GSAT
GSAT
LXP
LXP
Q4 25
6.56×
Q3 25
216.53×
1.75×
Q2 25
8.22×
1.52×
Q1 25
2.05×
Q4 24
Q3 24
3.23×
10.18×
Q2 24
7.09×
Q1 24

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%

LXP
LXP

Segment breakdown not available.

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