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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.
NICOLET BANKSHARES INC is the larger business by last-quarter revenue ($104.0M vs $72.0M, roughly 1.4× Globalstar, Inc.). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs -16.1%, a 54.9% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 12.5%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 12.5%).
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.
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
GSAT vs NIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $104.0M |
| Net Profit | $-11.6M | $40.3M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 48.3% |
| Net Margin | -16.1% | 38.8% |
| Revenue YoY | 17.6% | 12.5% |
| Net Profit YoY | 76.9% | 16.9% |
| EPS (diluted) | $-0.11 | $2.63 |
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 | $104.0M | ||
| Q3 25 | $73.8M | $102.9M | ||
| Q2 25 | $67.1M | $95.7M | ||
| Q1 25 | $60.0M | $89.4M | ||
| Q4 24 | $61.2M | $92.4M | ||
| Q3 24 | $72.3M | $90.7M | ||
| Q2 24 | $60.4M | $85.0M | ||
| Q1 24 | $56.5M | $82.2M |
| Q4 25 | $-11.6M | $40.3M | ||
| Q3 25 | $1.1M | $41.7M | ||
| Q2 25 | $19.2M | $36.0M | ||
| Q1 25 | $-17.3M | $32.6M | ||
| Q4 24 | $-50.2M | $34.5M | ||
| Q3 24 | $9.9M | $32.5M | ||
| Q2 24 | $-9.7M | $29.3M | ||
| Q1 24 | $-13.2M | $27.8M |
| Q4 25 | -0.5% | 48.3% | ||
| Q3 25 | 13.8% | 50.4% | ||
| Q2 25 | 9.2% | 46.8% | ||
| Q1 25 | -14.2% | 44.9% | ||
| Q4 24 | -6.9% | 46.8% | ||
| Q3 24 | 13.0% | 45.0% | ||
| Q2 24 | -2.4% | 43.3% | ||
| Q1 24 | -8.3% | 41.8% |
| Q4 25 | -16.1% | 38.8% | ||
| Q3 25 | 1.5% | 40.6% | ||
| Q2 25 | 28.6% | 37.6% | ||
| Q1 25 | -28.9% | 36.4% | ||
| Q4 24 | -82.1% | 37.3% | ||
| Q3 24 | 13.7% | 35.8% | ||
| Q2 24 | -16.0% | 34.5% | ||
| Q1 24 | -23.4% | 33.8% |
| Q4 25 | $-0.11 | $2.63 | ||
| Q3 25 | $-0.01 | $2.73 | ||
| Q2 25 | $0.13 | $2.34 | ||
| Q1 25 | $-0.16 | $2.08 | ||
| Q4 24 | $-0.57 | $2.21 | ||
| Q3 24 | $0.00 | $2.10 | ||
| Q2 24 | $-0.01 | $1.92 | ||
| Q1 24 | $-0.01 | $1.82 |
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 | $134.9M |
| Stockholders' EquityBook value | $355.7M | $1.3B |
| Total Assets | $2.3B | $9.2B |
| Debt / EquityLower = less leverage | 1.36× | 0.11× |
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 | $134.9M | ||
| Q3 25 | $508.6M | $134.6M | ||
| Q2 25 | $491.5M | $134.3M | ||
| Q1 25 | $502.7M | $156.6M | ||
| Q4 24 | $511.4M | $161.4M | ||
| Q3 24 | $394.4M | $161.2M | ||
| Q2 24 | $393.1M | $162.4M | ||
| Q1 24 | $398.7M | $162.3M |
| Q4 25 | $355.7M | $1.3B | ||
| Q3 25 | $364.8M | $1.2B | ||
| Q2 25 | $360.9M | $1.2B | ||
| Q1 25 | $344.3M | $1.2B | ||
| Q4 24 | $358.9M | $1.2B | ||
| Q3 24 | $394.1M | $1.1B | ||
| Q2 24 | $383.0M | $1.1B | ||
| Q1 24 | $377.1M | $1.1B |
| Q4 25 | $2.3B | $9.2B | ||
| Q3 25 | $2.2B | $9.0B | ||
| Q2 25 | $1.9B | $8.9B | ||
| Q1 25 | $1.7B | $9.0B | ||
| Q4 24 | $1.7B | $8.8B | ||
| Q3 24 | $917.6M | $8.6B | ||
| Q2 24 | $926.2M | $8.6B | ||
| Q1 24 | $917.0M | $8.4B |
| Q4 25 | 1.36× | 0.11× | ||
| Q3 25 | 1.39× | 0.11× | ||
| Q2 25 | 1.36× | 0.11× | ||
| Q1 25 | 1.46× | 0.13× | ||
| Q4 24 | 1.43× | 0.14× | ||
| Q3 24 | 1.00× | 0.14× | ||
| Q2 24 | 1.03× | 0.15× | ||
| Q1 24 | 1.06× | 0.15× |
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 | $153.5M |
| Free Cash FlowOCF − Capex | — | $149.4M |
| FCF MarginFCF / Revenue | — | 143.7% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | — | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $153.5M | ||
| Q3 25 | $236.0M | $45.9M | ||
| Q2 25 | $157.9M | $38.9M | ||
| Q1 25 | $51.9M | $41.8M | ||
| Q4 24 | $340.7M | $133.7M | ||
| Q3 24 | $32.0M | $39.6M | ||
| Q2 24 | $36.7M | $37.3M | ||
| Q1 24 | $29.8M | $23.4M |
| Q4 25 | — | $149.4M | ||
| Q3 25 | — | $45.9M | ||
| Q2 25 | — | $38.4M | ||
| Q1 25 | — | $41.3M | ||
| Q4 24 | — | $116.8M | ||
| Q3 24 | — | $34.7M | ||
| Q2 24 | — | $34.4M | ||
| Q1 24 | — | $20.1M |
| Q4 25 | — | 143.7% | ||
| Q3 25 | — | 44.6% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | 126.4% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 40.5% | ||
| Q1 24 | — | 24.4% |
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 18.3% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 4.0% |
| Q4 25 | — | 3.81× | ||
| Q3 25 | 216.53× | 1.10× | ||
| Q2 25 | 8.22× | 1.08× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | 3.23× | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 0.84× |
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% |
NIC
Segment breakdown not available.
