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

Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $43.4M, roughly 1.7× Montauk Renewables, Inc.). Montauk Renewables, Inc. runs the higher net margin — 5.7% vs -16.1%, a 21.9% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs 17.6%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 5.8%).

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.

Montauk Renewables, Inc. is a US-based renewable energy firm specializing in capturing and converting biogenic methane from landfills and agricultural waste into renewable natural gas (RNG) and low-carbon electricity. It serves utility, commercial, and industrial customers across North America, with operations focused on advancing decarbonization and sustainable energy transition goals.

GSAT vs MNTK — Head-to-Head

Bigger by revenue
GSAT
GSAT
1.7× larger
GSAT
$72.0M
$43.4M
MNTK
Growing faster (revenue YoY)
MNTK
MNTK
+39.1% gap
MNTK
56.7%
17.6%
GSAT
Higher net margin
MNTK
MNTK
21.9% more per $
MNTK
5.7%
-16.1%
GSAT
Faster 2-yr revenue CAGR
GSAT
GSAT
Annualised
GSAT
12.9%
5.8%
MNTK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
MNTK
MNTK
Revenue
$72.0M
$43.4M
Net Profit
$-11.6M
$2.5M
Gross Margin
Operating Margin
-0.5%
-3.8%
Net Margin
-16.1%
5.7%
Revenue YoY
17.6%
56.7%
Net Profit YoY
76.9%
129.5%
EPS (diluted)
$-0.11
$0.01

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
MNTK
MNTK
Q4 25
$72.0M
$43.4M
Q3 25
$73.8M
$45.3M
Q2 25
$67.1M
$45.1M
Q1 25
$60.0M
$42.6M
Q4 24
$61.2M
$27.7M
Q3 24
$72.3M
$65.9M
Q2 24
$60.4M
$43.3M
Q1 24
$56.5M
$38.8M
Net Profit
GSAT
GSAT
MNTK
MNTK
Q4 25
$-11.6M
$2.5M
Q3 25
$1.1M
$5.2M
Q2 25
$19.2M
$-5.5M
Q1 25
$-17.3M
$-464.0K
Q4 24
$-50.2M
$-8.5M
Q3 24
$9.9M
$17.0M
Q2 24
$-9.7M
$-712.0K
Q1 24
$-13.2M
$1.9M
Gross Margin
GSAT
GSAT
MNTK
MNTK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
43.8%
Q2 24
15.6%
Q1 24
22.8%
Operating Margin
GSAT
GSAT
MNTK
MNTK
Q4 25
-0.5%
-3.8%
Q3 25
13.8%
9.8%
Q2 25
9.2%
-5.2%
Q1 25
-14.2%
1.0%
Q4 24
-6.9%
-35.5%
Q3 24
13.0%
34.4%
Q2 24
-2.4%
2.0%
Q1 24
-8.3%
6.1%
Net Margin
GSAT
GSAT
MNTK
MNTK
Q4 25
-16.1%
5.7%
Q3 25
1.5%
11.5%
Q2 25
28.6%
-12.2%
Q1 25
-28.9%
-1.1%
Q4 24
-82.1%
-30.5%
Q3 24
13.7%
25.9%
Q2 24
-16.0%
-1.6%
Q1 24
-23.4%
4.8%
EPS (diluted)
GSAT
GSAT
MNTK
MNTK
Q4 25
$-0.11
$0.01
Q3 25
$-0.01
$0.04
Q2 25
$0.13
$-0.04
Q1 25
$-0.16
$0.00
Q4 24
$-0.57
$-0.05
Q3 24
$0.00
$0.12
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
MNTK
MNTK
Cash + ST InvestmentsLiquidity on hand
$447.5M
$23.8M
Total DebtLower is stronger
$483.8M
$126.0M
Stockholders' EquityBook value
$355.7M
$263.1M
Total Assets
$2.3B
$435.5M
Debt / EquityLower = less leverage
1.36×
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
MNTK
MNTK
Q4 25
$447.5M
$23.8M
Q3 25
$346.3M
$6.8M
Q2 25
$308.2M
$29.1M
Q1 25
$241.4M
$40.1M
Q4 24
$391.2M
$45.6M
Q3 24
$51.9M
$55.0M
Q2 24
$64.3M
$42.3M
Q1 24
$59.3M
$63.3M
Total Debt
GSAT
GSAT
MNTK
MNTK
Q4 25
$483.8M
$126.0M
Q3 25
$508.6M
$54.9M
Q2 25
$491.5M
$57.8M
Q1 25
$502.7M
$40.8M
Q4 24
$511.4M
$43.8M
Q3 24
$394.4M
$46.7M
Q2 24
$393.1M
$49.7M
Q1 24
$398.7M
$52.7M
Stockholders' Equity
GSAT
GSAT
MNTK
MNTK
Q4 25
$355.7M
$263.1M
Q3 25
$364.8M
$260.7M
Q2 25
$360.9M
$254.7M
Q1 25
$344.3M
$258.2M
Q4 24
$358.9M
$257.4M
Q3 24
$394.1M
$275.3M
Q2 24
$383.0M
$255.3M
Q1 24
$377.1M
$254.3M
Total Assets
GSAT
GSAT
MNTK
MNTK
Q4 25
$2.3B
$435.5M
Q3 25
$2.2B
$383.3M
Q2 25
$1.9B
$382.5M
Q1 25
$1.7B
$354.2M
Q4 24
$1.7B
$349.0M
Q3 24
$917.6M
$374.1M
Q2 24
$926.2M
$362.0M
Q1 24
$917.0M
$354.7M
Debt / Equity
GSAT
GSAT
MNTK
MNTK
Q4 25
1.36×
0.48×
Q3 25
1.39×
0.21×
Q2 25
1.36×
0.23×
Q1 25
1.46×
0.16×
Q4 24
1.43×
0.17×
Q3 24
1.00×
0.17×
Q2 24
1.03×
0.19×
Q1 24
1.06×
0.21×

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
MNTK
MNTK
Operating Cash FlowLast quarter
$175.9M
$337.0K
Free Cash FlowOCF − Capex
$-41.1M
FCF MarginFCF / Revenue
-94.7%
Capex IntensityCapex / Revenue
95.5%
Cash ConversionOCF / Net Profit
0.14×
TTM Free Cash FlowTrailing 4 quarters
$-86.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
MNTK
MNTK
Q4 25
$175.9M
$337.0K
Q3 25
$236.0M
$12.7M
Q2 25
$157.9M
$8.2M
Q1 25
$51.9M
$9.1M
Q4 24
$340.7M
$724.0K
Q3 24
$32.0M
$28.6M
Q2 24
$36.7M
$193.0K
Q1 24
$29.8M
$14.3M
Free Cash Flow
GSAT
GSAT
MNTK
MNTK
Q4 25
$-41.1M
Q3 25
$-17.2M
Q2 25
$-25.5M
Q1 25
$-2.5M
Q4 24
$-8.3M
Q3 24
$16.0M
Q2 24
$-18.6M
Q1 24
$-7.7M
FCF Margin
GSAT
GSAT
MNTK
MNTK
Q4 25
-94.7%
Q3 25
-37.9%
Q2 25
-56.4%
Q1 25
-5.8%
Q4 24
-29.8%
Q3 24
24.3%
Q2 24
-42.9%
Q1 24
-19.8%
Capex Intensity
GSAT
GSAT
MNTK
MNTK
Q4 25
95.5%
Q3 25
65.9%
Q2 25
74.6%
Q1 25
27.3%
Q4 24
32.5%
Q3 24
19.1%
Q2 24
43.3%
Q1 24
56.7%
Cash Conversion
GSAT
GSAT
MNTK
MNTK
Q4 25
0.14×
Q3 25
216.53×
2.43×
Q2 25
8.22×
Q1 25
Q4 24
Q3 24
3.23×
1.68×
Q2 24
Q1 24
7.73×

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%

MNTK
MNTK

Natural Gas Environmental Attributes$28.1M65%
Natural Gas Commodity$10.7M25%
Electric Commodity$2.7M6%
Electric Environmental Attributes$2.0M5%

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