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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $72.0M, roughly 1.2× Globalstar, Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -16.1%, a 34.4% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 17.6%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% 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.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
GSAT vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $88.4M |
| Net Profit | $-11.6M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 7.5% |
| Net Margin | -16.1% | 18.3% |
| Revenue YoY | 17.6% | 18.7% |
| Net Profit YoY | 76.9% | 401.5% |
| EPS (diluted) | $-0.11 | $0.08 |
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 | $88.4M | ||
| Q3 25 | $73.8M | $77.9M | ||
| Q2 25 | $67.1M | $77.4M | ||
| Q1 25 | $60.0M | $83.0M | ||
| Q4 24 | $61.2M | $74.5M | ||
| Q3 24 | $72.3M | $82.6M | ||
| Q2 24 | $60.4M | $69.8M | ||
| Q1 24 | $56.5M | $64.0M |
| Q4 25 | $-11.6M | $16.2M | ||
| Q3 25 | $1.1M | $11.4M | ||
| Q2 25 | $19.2M | $7.6M | ||
| Q1 25 | $-17.3M | $1.3M | ||
| Q4 24 | $-50.2M | $-5.4M | ||
| Q3 24 | $9.9M | $17.1M | ||
| Q2 24 | $-9.7M | $1.9M | ||
| Q1 24 | $-13.2M | $677.0K |
| Q4 25 | -0.5% | 7.5% | ||
| Q3 25 | 13.8% | 4.6% | ||
| Q2 25 | 9.2% | -1.1% | ||
| Q1 25 | -14.2% | -2.3% | ||
| Q4 24 | -6.9% | -0.5% | ||
| Q3 24 | 13.0% | 14.9% | ||
| Q2 24 | -2.4% | 8.1% | ||
| Q1 24 | -8.3% | 5.6% |
| Q4 25 | -16.1% | 18.3% | ||
| Q3 25 | 1.5% | 14.6% | ||
| Q2 25 | 28.6% | 9.8% | ||
| Q1 25 | -28.9% | 1.5% | ||
| Q4 24 | -82.1% | -7.2% | ||
| Q3 24 | 13.7% | 20.7% | ||
| Q2 24 | -16.0% | 2.7% | ||
| Q1 24 | -23.4% | 1.1% |
| Q4 25 | $-0.11 | $0.08 | ||
| Q3 25 | $-0.01 | $0.05 | ||
| Q2 25 | $0.13 | $0.03 | ||
| Q1 25 | $-0.16 | $-0.01 | ||
| Q4 24 | $-0.57 | $-0.05 | ||
| Q3 24 | $0.00 | $0.09 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $447.5M | $24.4M |
| Total DebtLower is stronger | $483.8M | $361.3M |
| Stockholders' EquityBook value | $355.7M | $-12.9M |
| Total Assets | $2.3B | $959.5M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $24.4M | ||
| Q3 25 | $346.3M | $29.9M | ||
| Q2 25 | $308.2M | $29.3M | ||
| Q1 25 | $241.4M | $40.1M | ||
| Q4 24 | $391.2M | $24.3M | ||
| Q3 24 | $51.9M | $31.0M | ||
| Q2 24 | $64.3M | $27.6M | ||
| Q1 24 | $59.3M | $34.2M |
| Q4 25 | $483.8M | $361.3M | ||
| Q3 25 | $508.6M | $351.2M | ||
| Q2 25 | $491.5M | $331.6M | ||
| Q1 25 | $502.7M | $307.0M | ||
| Q4 24 | $511.4M | $307.5M | ||
| Q3 24 | $394.4M | $252.9M | ||
| Q2 24 | $393.1M | $233.3M | ||
| Q1 24 | $398.7M | $208.7M |
| Q4 25 | $355.7M | $-12.9M | ||
| Q3 25 | $364.8M | $7.5M | ||
| Q2 25 | $360.9M | $-25.0M | ||
| Q1 25 | $344.3M | $57.1M | ||
| Q4 24 | $358.9M | $-148.4M | ||
| Q3 24 | $394.1M | $-180.1M | ||
| Q2 24 | $383.0M | $-273.0M | ||
| Q1 24 | $377.1M | $-382.4M |
| Q4 25 | $2.3B | $959.5M | ||
| Q3 25 | $2.2B | $916.7M | ||
| Q2 25 | $1.9B | $905.5M | ||
| Q1 25 | $1.7B | $884.9M | ||
| Q4 24 | $1.7B | $881.1M | ||
| Q3 24 | $917.6M | $831.1M | ||
| Q2 24 | $926.2M | $782.3M | ||
| Q1 24 | $917.0M | $750.5M |
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.39× | 46.95× | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.46× | 5.38× | ||
| 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 | $-3.5M |
| Free Cash FlowOCF − Capex | — | $-13.4M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $-3.5M | ||
| Q3 25 | $236.0M | $18.2M | ||
| Q2 25 | $157.9M | $-7.9M | ||
| Q1 25 | $51.9M | $29.7M | ||
| Q4 24 | $340.7M | $-532.0K | ||
| Q3 24 | $32.0M | $17.7M | ||
| Q2 24 | $36.7M | $533.0K | ||
| Q1 24 | $29.8M | $13.7M |
| Q4 25 | — | $-13.4M | ||
| Q3 25 | — | $-9.3M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | — | $18.1M | ||
| Q4 24 | — | $-55.0M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | — | $-22.5M | ||
| Q1 24 | — | $-13.0M |
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -11.9% | ||
| Q2 25 | — | -38.4% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | -73.8% | ||
| Q3 24 | — | -6.5% | ||
| Q2 24 | — | -32.2% | ||
| Q1 24 | — | -20.4% |
| Q4 25 | — | 11.1% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 73.1% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | 32.9% | ||
| Q1 24 | — | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | 216.53× | 1.60× | ||
| Q2 25 | 8.22× | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 20.26× |
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% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
