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

LSI INDUSTRIES INC is the larger business by last-quarter revenue ($143.9M vs $72.0M, roughly 2.0× Globalstar, Inc.). LSI INDUSTRIES INC runs the higher net margin — 1.4% vs -16.1%, a 17.5% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -4.4%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 2.1%).

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.

LSI Logic Corporation was an American ASIC and EDA company founded in Santa Clara, California. The company designed and sold semiconductors and software that accelerated storage and networking in data centers, mobile networks and client computing.

GSAT vs LYTS — Head-to-Head

Bigger by revenue
LYTS
LYTS
2.0× larger
LYTS
$143.9M
$72.0M
GSAT
Growing faster (revenue YoY)
GSAT
GSAT
+22.0% gap
GSAT
17.6%
-4.4%
LYTS
Higher net margin
LYTS
LYTS
17.5% more per $
LYTS
1.4%
-16.1%
GSAT
Faster 2-yr revenue CAGR
GSAT
GSAT
Annualised
GSAT
12.9%
2.1%
LYTS

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
GSAT
GSAT
LYTS
LYTS
Revenue
$72.0M
$143.9M
Net Profit
$-11.6M
$2.0M
Gross Margin
Operating Margin
-0.5%
Net Margin
-16.1%
1.4%
Revenue YoY
17.6%
-4.4%
Net Profit YoY
76.9%
-4.8%
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
LYTS
LYTS
Q3 26
$143.9M
Q1 26
$143.9M
Q4 25
$72.0M
$147.0M
Q3 25
$73.8M
$157.2M
Q2 25
$67.1M
$155.1M
Q1 25
$60.0M
$132.5M
Q4 24
$61.2M
$147.7M
Q3 24
$72.3M
$138.1M
Net Profit
GSAT
GSAT
LYTS
LYTS
Q3 26
$2.0M
Q1 26
$2.0M
Q4 25
$-11.6M
$6.3M
Q3 25
$1.1M
$7.3M
Q2 25
$19.2M
$8.2M
Q1 25
$-17.3M
$3.9M
Q4 24
$-50.2M
$5.6M
Q3 24
$9.9M
$6.7M
Gross Margin
GSAT
GSAT
LYTS
LYTS
Q3 26
Q1 26
Q4 25
25.5%
Q3 25
25.6%
Q2 25
26.1%
Q1 25
24.8%
Q4 24
23.6%
Q3 24
24.4%
Operating Margin
GSAT
GSAT
LYTS
LYTS
Q3 26
Q1 26
Q4 25
-0.5%
6.0%
Q3 25
13.8%
7.0%
Q2 25
9.2%
7.7%
Q1 25
-14.2%
4.7%
Q4 24
-6.9%
5.7%
Q3 24
13.0%
6.6%
Net Margin
GSAT
GSAT
LYTS
LYTS
Q3 26
1.4%
Q1 26
1.4%
Q4 25
-16.1%
4.3%
Q3 25
1.5%
4.6%
Q2 25
28.6%
5.3%
Q1 25
-28.9%
2.9%
Q4 24
-82.1%
3.8%
Q3 24
13.7%
4.8%
EPS (diluted)
GSAT
GSAT
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$-0.11
$0.20
Q3 25
$-0.01
$0.23
Q2 25
$0.13
$0.26
Q1 25
$-0.16
$0.13
Q4 24
$-0.57
$0.18
Q3 24
$0.00
$0.22

Balance Sheet & Financial Strength

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

Metric
GSAT
GSAT
LYTS
LYTS
Cash + ST InvestmentsLiquidity on hand
$447.5M
Total DebtLower is stronger
$483.8M
$261.0M
Stockholders' EquityBook value
$355.7M
$352.8M
Total Assets
$2.3B
$800.5M
Debt / EquityLower = less leverage
1.36×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$447.5M
$6.4M
Q3 25
$346.3M
$7.1M
Q2 25
$308.2M
$3.5M
Q1 25
$241.4M
$4.3M
Q4 24
$391.2M
$4.7M
Q3 24
$51.9M
$7.0M
Total Debt
GSAT
GSAT
LYTS
LYTS
Q3 26
$261.0M
Q1 26
$261.0M
Q4 25
$483.8M
$27.9M
Q3 25
$508.6M
$50.7M
Q2 25
$491.5M
$48.6M
Q1 25
$502.7M
$55.4M
Q4 24
$511.4M
$38.2M
Q3 24
$394.4M
$47.7M
Stockholders' Equity
GSAT
GSAT
LYTS
LYTS
Q3 26
$352.8M
Q1 26
$352.8M
Q4 25
$355.7M
$248.1M
Q3 25
$364.8M
$241.3M
Q2 25
$360.9M
$230.7M
Q1 25
$344.3M
$221.7M
Q4 24
$358.9M
$217.1M
Q3 24
$394.1M
$211.2M
Total Assets
GSAT
GSAT
LYTS
LYTS
Q3 26
$800.5M
Q1 26
$800.5M
Q4 25
$2.3B
$396.3M
Q3 25
$2.2B
$404.9M
Q2 25
$1.9B
$396.4M
Q1 25
$1.7B
$384.6M
Q4 24
$1.7B
$344.5M
Q3 24
$917.6M
$349.5M
Debt / Equity
GSAT
GSAT
LYTS
LYTS
Q3 26
0.74×
Q1 26
0.74×
Q4 25
1.36×
0.11×
Q3 25
1.39×
0.21×
Q2 25
1.36×
0.21×
Q1 25
1.46×
0.25×
Q4 24
1.43×
0.18×
Q3 24
1.00×
0.23×

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
LYTS
LYTS
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
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$175.9M
$25.0M
Q3 25
$236.0M
$676.0K
Q2 25
$157.9M
$9.5M
Q1 25
$51.9M
$6.9M
Q4 24
$340.7M
$9.9M
Q3 24
$32.0M
$11.8M
Free Cash Flow
GSAT
GSAT
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$23.3M
Q3 25
$-291.0K
Q2 25
$8.5M
Q1 25
$6.2M
Q4 24
$8.8M
Q3 24
$11.1M
FCF Margin
GSAT
GSAT
LYTS
LYTS
Q3 26
Q1 26
Q4 25
15.8%
Q3 25
-0.2%
Q2 25
5.5%
Q1 25
4.7%
Q4 24
6.0%
Q3 24
8.0%
Capex Intensity
GSAT
GSAT
LYTS
LYTS
Q3 26
Q1 26
Q4 25
1.1%
Q3 25
0.6%
Q2 25
0.6%
Q1 25
0.5%
Q4 24
0.7%
Q3 24
0.5%
Cash Conversion
GSAT
GSAT
LYTS
LYTS
Q3 26
Q1 26
Q4 25
3.94×
Q3 25
216.53×
0.09×
Q2 25
8.22×
1.16×
Q1 25
1.77×
Q4 24
1.75×
Q3 24
3.23×
1.77×

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%

LYTS
LYTS

Segment breakdown not available.

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