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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and National Healthcare Properties, Inc. (NHPAP). Click either name above to swap in a different company.

National Healthcare Properties, Inc. is the larger business by last-quarter revenue ($84.5M vs $72.0M, roughly 1.2× Globalstar, Inc.). Globalstar, Inc. runs the higher net margin — -16.1% vs -27.0%, a 10.8% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -3.7%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -2.2%).

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.

Primary Health Properties plc is a British real estate investment company headquartered in London, England. As of June 2025, the company owns and operates more than 500 primary healthcare facilities within the United Kingdom and Ireland. It is listed on the London Stock Exchange and is also a constituent of the FTSE 250 Index.

GSAT vs NHPAP — Head-to-Head

Bigger by revenue
NHPAP
NHPAP
1.2× larger
NHPAP
$84.5M
$72.0M
GSAT
Growing faster (revenue YoY)
GSAT
GSAT
+21.3% gap
GSAT
17.6%
-3.7%
NHPAP
Higher net margin
GSAT
GSAT
10.8% more per $
GSAT
-16.1%
-27.0%
NHPAP
Faster 2-yr revenue CAGR
GSAT
GSAT
Annualised
GSAT
12.9%
-2.2%
NHPAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
NHPAP
NHPAP
Revenue
$72.0M
$84.5M
Net Profit
$-11.6M
$-22.8M
Gross Margin
36.5%
Operating Margin
-0.5%
-7.8%
Net Margin
-16.1%
-27.0%
Revenue YoY
17.6%
-3.7%
Net Profit YoY
76.9%
-33.9%
EPS (diluted)
$-0.11
$-0.92

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
NHPAP
NHPAP
Q4 25
$72.0M
$84.5M
Q3 25
$73.8M
$86.0M
Q2 25
$67.1M
$85.3M
Q1 25
$60.0M
$86.4M
Q4 24
$61.2M
$87.7M
Q3 24
$72.3M
$88.9M
Q2 24
$60.4M
$88.8M
Q1 24
$56.5M
$88.3M
Net Profit
GSAT
GSAT
NHPAP
NHPAP
Q4 25
$-11.6M
$-22.8M
Q3 25
$1.1M
$-12.5M
Q2 25
$19.2M
$-20.8M
Q1 25
$-17.3M
$-1.5M
Q4 24
$-50.2M
$-17.0M
Q3 24
$9.9M
$-40.8M
Q2 24
$-9.7M
$-116.9M
Q1 24
$-13.2M
$-15.6M
Gross Margin
GSAT
GSAT
NHPAP
NHPAP
Q4 25
36.5%
Q3 25
37.4%
Q2 25
36.9%
Q1 25
33.4%
Q4 24
37.4%
Q3 24
36.6%
Q2 24
38.1%
Q1 24
37.5%
Operating Margin
GSAT
GSAT
NHPAP
NHPAP
Q4 25
-0.5%
-7.8%
Q3 25
13.8%
2.8%
Q2 25
9.2%
-6.5%
Q1 25
-14.2%
15.1%
Q4 24
-6.9%
-1.2%
Q3 24
13.0%
-23.5%
Q2 24
-2.4%
-113.1%
Q1 24
-8.3%
-1.3%
Net Margin
GSAT
GSAT
NHPAP
NHPAP
Q4 25
-16.1%
-27.0%
Q3 25
1.5%
-14.6%
Q2 25
28.6%
-24.4%
Q1 25
-28.9%
-1.8%
Q4 24
-82.1%
-19.4%
Q3 24
13.7%
-45.8%
Q2 24
-16.0%
-131.6%
Q1 24
-23.4%
-17.6%
EPS (diluted)
GSAT
GSAT
NHPAP
NHPAP
Q4 25
$-0.11
$-0.92
Q3 25
$-0.01
$-0.56
Q2 25
$0.13
$-0.85
Q1 25
$-0.16
$-0.18
Q4 24
$-0.57
$-0.72
Q3 24
$0.00
$-1.56
Q2 24
$-0.01
$-4.24
Q1 24
$-0.01
$-0.67

Balance Sheet & Financial Strength

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

Metric
GSAT
GSAT
NHPAP
NHPAP
Cash + ST InvestmentsLiquidity on hand
$447.5M
$57.6M
Total DebtLower is stronger
$483.8M
Stockholders' EquityBook value
$355.7M
$600.1M
Total Assets
$2.3B
$1.7B
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
NHPAP
NHPAP
Q4 25
$447.5M
$57.6M
Q3 25
$346.3M
$47.1M
Q2 25
$308.2M
$47.1M
Q1 25
$241.4M
$71.4M
Q4 24
$391.2M
$21.7M
Q3 24
$51.9M
$32.9M
Q2 24
$64.3M
$29.5M
Q1 24
$59.3M
$28.7M
Total Debt
GSAT
GSAT
NHPAP
NHPAP
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
Stockholders' Equity
GSAT
GSAT
NHPAP
NHPAP
Q4 25
$355.7M
$600.1M
Q3 25
$364.8M
$627.2M
Q2 25
$360.9M
$647.0M
Q1 25
$344.3M
$674.6M
Q4 24
$358.9M
$684.6M
Q3 24
$394.1M
$702.6M
Q2 24
$383.0M
$756.7M
Q1 24
$377.1M
$877.7M
Total Assets
GSAT
GSAT
NHPAP
NHPAP
Q4 25
$2.3B
$1.7B
Q3 25
$2.2B
$1.7B
Q2 25
$1.9B
$1.8B
Q1 25
$1.7B
$1.8B
Q4 24
$1.7B
$1.9B
Q3 24
$917.6M
$2.0B
Q2 24
$926.2M
$2.1B
Q1 24
$917.0M
$2.1B
Debt / Equity
GSAT
GSAT
NHPAP
NHPAP
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
GSAT
GSAT
NHPAP
NHPAP
Operating Cash FlowLast quarter
$175.9M
$7.0M
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
NHPAP
NHPAP
Q4 25
$175.9M
$7.0M
Q3 25
$236.0M
$10.2M
Q2 25
$157.9M
$8.1M
Q1 25
$51.9M
$-21.2M
Q4 24
$340.7M
$-79.8M
Q3 24
$32.0M
$-95.2M
Q2 24
$36.7M
$6.4M
Q1 24
$29.8M
$2.5M
Cash Conversion
GSAT
GSAT
NHPAP
NHPAP
Q4 25
Q3 25
216.53×
Q2 25
8.22×
Q1 25
Q4 24
Q3 24
3.23×
Q2 24
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%

NHPAP
NHPAP

Seniors Housing Communities$56.3M67%
Outpatient Medical Facilities$28.1M33%

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