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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $64.6M, roughly 1.1× MARINE PRODUCTS CORP). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -16.1%, a 19.8% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 17.6%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -3.5%).
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.
West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.
GSAT vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $64.6M |
| Net Profit | $-11.6M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | -0.5% | 5.8% |
| Net Margin | -16.1% | 3.7% |
| Revenue YoY | 17.6% | 35.0% |
| Net Profit YoY | 76.9% | -44.6% |
| EPS (diluted) | $-0.11 | $0.07 |
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 | $64.6M | ||
| Q3 25 | $73.8M | $53.1M | ||
| Q2 25 | $67.1M | $67.7M | ||
| Q1 25 | $60.0M | $59.0M | ||
| Q4 24 | $61.2M | $47.8M | ||
| Q3 24 | $72.3M | $49.9M | ||
| Q2 24 | $60.4M | $69.5M | ||
| Q1 24 | $56.5M | $69.3M |
| Q4 25 | $-11.6M | $2.4M | ||
| Q3 25 | $1.1M | $2.6M | ||
| Q2 25 | $19.2M | $4.2M | ||
| Q1 25 | $-17.3M | $2.2M | ||
| Q4 24 | $-50.2M | $4.3M | ||
| Q3 24 | $9.9M | $3.4M | ||
| Q2 24 | $-9.7M | $5.6M | ||
| Q1 24 | $-13.2M | $4.6M |
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 19.2% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 18.9% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | -0.5% | 5.8% | ||
| Q3 25 | 13.8% | 5.4% | ||
| Q2 25 | 9.2% | 7.1% | ||
| Q1 25 | -14.2% | 4.4% | ||
| Q4 24 | -6.9% | 7.7% | ||
| Q3 24 | 13.0% | 7.2% | ||
| Q2 24 | -2.4% | 8.3% | ||
| Q1 24 | -8.3% | 7.6% |
| Q4 25 | -16.1% | 3.7% | ||
| Q3 25 | 1.5% | 5.0% | ||
| Q2 25 | 28.6% | 6.1% | ||
| Q1 25 | -28.9% | 3.7% | ||
| Q4 24 | -82.1% | 8.9% | ||
| Q3 24 | 13.7% | 6.8% | ||
| Q2 24 | -16.0% | 8.0% | ||
| Q1 24 | -23.4% | 6.6% |
| Q4 25 | $-0.11 | $0.07 | ||
| Q3 25 | $-0.01 | $0.07 | ||
| Q2 25 | $0.13 | $0.12 | ||
| Q1 25 | $-0.16 | $0.06 | ||
| Q4 24 | $-0.57 | $0.13 | ||
| Q3 24 | $0.00 | $0.10 | ||
| Q2 24 | $-0.01 | $0.14 | ||
| Q1 24 | $-0.01 | $0.13 |
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 | — |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $125.0M |
| Total Assets | $2.3B | $147.2M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | — | ||
| Q3 25 | $346.3M | — | ||
| Q2 25 | $308.2M | — | ||
| Q1 25 | $241.4M | — | ||
| Q4 24 | $391.2M | — | ||
| Q3 24 | $51.9M | — | ||
| Q2 24 | $64.3M | — | ||
| Q1 24 | $59.3M | — |
| Q4 25 | $483.8M | — | ||
| Q3 25 | $508.6M | — | ||
| Q2 25 | $491.5M | — | ||
| Q1 25 | $502.7M | — | ||
| Q4 24 | $511.4M | — | ||
| Q3 24 | $394.4M | — | ||
| Q2 24 | $393.1M | — | ||
| Q1 24 | $398.7M | — |
| Q4 25 | $355.7M | $125.0M | ||
| Q3 25 | $364.8M | $126.3M | ||
| Q2 25 | $360.9M | $127.2M | ||
| Q1 25 | $344.3M | $126.4M | ||
| Q4 24 | $358.9M | $129.0M | ||
| Q3 24 | $394.1M | $128.8M | ||
| Q2 24 | $383.0M | $129.3M | ||
| Q1 24 | $377.1M | $151.4M |
| Q4 25 | $2.3B | $147.2M | ||
| Q3 25 | $2.2B | $179.5M | ||
| Q2 25 | $1.9B | $173.2M | ||
| Q1 25 | $1.7B | $182.9M | ||
| Q4 24 | $1.7B | $171.2M | ||
| Q3 24 | $917.6M | $176.3M | ||
| Q2 24 | $926.2M | $175.7M | ||
| Q1 24 | $917.0M | $204.0M |
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | 1.43× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $175.9M | $4.7M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 6.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $4.7M | ||
| Q3 25 | $236.0M | $2.6M | ||
| Q2 25 | $157.9M | $-1.6M | ||
| Q1 25 | $51.9M | $10.8M | ||
| Q4 24 | $340.7M | $4.6M | ||
| Q3 24 | $32.0M | $5.1M | ||
| Q2 24 | $36.7M | $3.8M | ||
| Q1 24 | $29.8M | $15.9M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | — | $15.0M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | -3.0% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 21.7% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | — | 2.00× | ||
| Q3 25 | 216.53× | 0.97× | ||
| Q2 25 | 8.22× | -0.39× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | 3.23× | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 3.46× |
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% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
