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

NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $72.0M, roughly 1.0× Globalstar, Inc.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 17.6%). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs 12.9%).

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.

GSAT vs NPKI — Head-to-Head

Bigger by revenue
NPKI
NPKI
1.0× larger
NPKI
$75.2M
$72.0M
GSAT
Growing faster (revenue YoY)
NPKI
NPKI
+13.1% gap
NPKI
30.7%
17.6%
GSAT
Faster 2-yr revenue CAGR
NPKI
NPKI
Annualised
NPKI
23.9%
12.9%
GSAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
NPKI
NPKI
Revenue
$72.0M
$75.2M
Net Profit
$-11.6M
Gross Margin
37.7%
Operating Margin
-0.5%
16.7%
Net Margin
-16.1%
Revenue YoY
17.6%
30.7%
Net Profit YoY
76.9%
EPS (diluted)
$-0.11
$0.17

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
NPKI
NPKI
Q4 25
$72.0M
$75.2M
Q3 25
$73.8M
$68.8M
Q2 25
$67.1M
$68.2M
Q1 25
$60.0M
$64.8M
Q4 24
$61.2M
$57.5M
Q3 24
$72.3M
$44.2M
Q2 24
$60.4M
$66.8M
Q1 24
$56.5M
$49.0M
Net Profit
GSAT
GSAT
NPKI
NPKI
Q4 25
$-11.6M
Q3 25
$1.1M
$5.7M
Q2 25
$19.2M
$8.7M
Q1 25
$-17.3M
$10.0M
Q4 24
$-50.2M
Q3 24
$9.9M
$-174.3M
Q2 24
$-9.7M
$8.0M
Q1 24
$-13.2M
$7.3M
Gross Margin
GSAT
GSAT
NPKI
NPKI
Q4 25
37.7%
Q3 25
31.9%
Q2 25
36.9%
Q1 25
39.0%
Q4 24
39.2%
Q3 24
27.5%
Q2 24
37.2%
Q1 24
36.0%
Operating Margin
GSAT
GSAT
NPKI
NPKI
Q4 25
-0.5%
16.7%
Q3 25
13.8%
13.2%
Q2 25
9.2%
17.0%
Q1 25
-14.2%
20.9%
Q4 24
-6.9%
20.2%
Q3 24
13.0%
2.8%
Q2 24
-2.4%
18.7%
Q1 24
-8.3%
14.2%
Net Margin
GSAT
GSAT
NPKI
NPKI
Q4 25
-16.1%
Q3 25
1.5%
8.2%
Q2 25
28.6%
12.7%
Q1 25
-28.9%
15.4%
Q4 24
-82.1%
Q3 24
13.7%
-394.3%
Q2 24
-16.0%
12.0%
Q1 24
-23.4%
14.9%
EPS (diluted)
GSAT
GSAT
NPKI
NPKI
Q4 25
$-0.11
$0.17
Q3 25
$-0.01
$0.07
Q2 25
$0.13
$0.10
Q1 25
$-0.16
$0.11
Q4 24
$-0.57
$0.10
Q3 24
$0.00
$-1.99
Q2 24
$-0.01
$0.09
Q1 24
$-0.01
$0.08

Balance Sheet & Financial Strength

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

Metric
GSAT
GSAT
NPKI
NPKI
Cash + ST InvestmentsLiquidity on hand
$447.5M
$5.1M
Total DebtLower is stronger
$483.8M
$16.9M
Stockholders' EquityBook value
$355.7M
$351.2M
Total Assets
$2.3B
$441.8M
Debt / EquityLower = less leverage
1.36×
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
NPKI
NPKI
Q4 25
$447.5M
$5.1M
Q3 25
$346.3M
$35.6M
Q2 25
$308.2M
$26.0M
Q1 25
$241.4M
$20.8M
Q4 24
$391.2M
$17.8M
Q3 24
$51.9M
$42.9M
Q2 24
$64.3M
$35.1M
Q1 24
$59.3M
$37.7M
Total Debt
GSAT
GSAT
NPKI
NPKI
Q4 25
$483.8M
$16.9M
Q3 25
$508.6M
$9.5M
Q2 25
$491.5M
$9.3M
Q1 25
$502.7M
$8.1M
Q4 24
$511.4M
$7.7M
Q3 24
$394.4M
$14.0M
Q2 24
$393.1M
$58.0M
Q1 24
$398.7M
$77.4M
Stockholders' Equity
GSAT
GSAT
NPKI
NPKI
Q4 25
$355.7M
$351.2M
Q3 25
$364.8M
$333.9M
Q2 25
$360.9M
$328.8M
Q1 25
$344.3M
$326.9M
Q4 24
$358.9M
$326.5M
Q3 24
$394.1M
$316.5M
Q2 24
$383.0M
$426.6M
Q1 24
$377.1M
$421.6M
Total Assets
GSAT
GSAT
NPKI
NPKI
Q4 25
$2.3B
$441.8M
Q3 25
$2.2B
$404.5M
Q2 25
$1.9B
$393.7M
Q1 25
$1.7B
$390.0M
Q4 24
$1.7B
$393.7M
Q3 24
$917.6M
$389.6M
Q2 24
$926.2M
$624.8M
Q1 24
$917.0M
$640.8M
Debt / Equity
GSAT
GSAT
NPKI
NPKI
Q4 25
1.36×
0.05×
Q3 25
1.39×
0.03×
Q2 25
1.36×
0.03×
Q1 25
1.46×
0.02×
Q4 24
1.43×
0.02×
Q3 24
1.00×
0.04×
Q2 24
1.03×
0.14×
Q1 24
1.06×
0.18×

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
NPKI
NPKI
Operating Cash FlowLast quarter
$175.9M
$18.0M
Free Cash FlowOCF − Capex
$5.8M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
16.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
NPKI
NPKI
Q4 25
$175.9M
$18.0M
Q3 25
$236.0M
$24.7M
Q2 25
$157.9M
$21.4M
Q1 25
$51.9M
$8.8M
Q4 24
$340.7M
$-4.1M
Q3 24
$32.0M
$2.8M
Q2 24
$36.7M
$27.6M
Q1 24
$29.8M
$11.9M
Free Cash Flow
GSAT
GSAT
NPKI
NPKI
Q4 25
$5.8M
Q3 25
$12.0M
Q2 25
$9.7M
Q1 25
$-1.2M
Q4 24
$-17.7M
Q3 24
$-6.7M
Q2 24
$21.0M
Q1 24
$-1.9M
FCF Margin
GSAT
GSAT
NPKI
NPKI
Q4 25
7.6%
Q3 25
17.4%
Q2 25
14.3%
Q1 25
-1.8%
Q4 24
-30.8%
Q3 24
-15.2%
Q2 24
31.4%
Q1 24
-3.9%
Capex Intensity
GSAT
GSAT
NPKI
NPKI
Q4 25
16.3%
Q3 25
18.5%
Q2 25
17.1%
Q1 25
15.5%
Q4 24
23.6%
Q3 24
21.4%
Q2 24
9.9%
Q1 24
28.3%
Cash Conversion
GSAT
GSAT
NPKI
NPKI
Q4 25
Q3 25
216.53×
4.37×
Q2 25
8.22×
2.47×
Q1 25
0.88×
Q4 24
Q3 24
3.23×
Q2 24
3.43×
Q1 24
1.64×

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%

NPKI
NPKI

Rental Revenue$34.8M46%
Products$25.5M34%
Services$14.9M20%

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