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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $72.0M, roughly 1.3× Globalstar, Inc.). On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
GSAT vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $93.7M |
| Net Profit | $-11.6M | — |
| Gross Margin | — | 39.0% |
| Operating Margin | -0.5% | -1.0% |
| Net Margin | -16.1% | — |
| Revenue YoY | 17.6% | 2.3% |
| Net Profit YoY | 76.9% | — |
| EPS (diluted) | $-0.11 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $73.8M | $83.6M | ||
| Q2 25 | $67.1M | $77.8M | ||
| Q1 25 | $60.0M | $77.6M | ||
| Q4 24 | $61.2M | $91.6M | ||
| Q3 24 | $72.3M | $78.6M | ||
| Q2 24 | $60.4M | $72.8M | ||
| Q1 24 | $56.5M | $72.5M |
| Q4 25 | $-11.6M | — | ||
| Q3 25 | $1.1M | $-10.4M | ||
| Q2 25 | $19.2M | $-7.5M | ||
| Q1 25 | $-17.3M | $-10.9M | ||
| Q4 24 | $-50.2M | — | ||
| Q3 24 | $9.9M | $-8.1M | ||
| Q2 24 | $-9.7M | $5.5M | ||
| Q1 24 | $-13.2M | $-8.1M |
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 44.6% |
| Q4 25 | -0.5% | -1.0% | ||
| Q3 25 | 13.8% | -6.8% | ||
| Q2 25 | 9.2% | -12.5% | ||
| Q1 25 | -14.2% | -10.3% | ||
| Q4 24 | -6.9% | 1.5% | ||
| Q3 24 | 13.0% | -5.3% | ||
| Q2 24 | -2.4% | -7.1% | ||
| Q1 24 | -8.3% | -6.6% |
| Q4 25 | -16.1% | — | ||
| Q3 25 | 1.5% | -12.4% | ||
| Q2 25 | 28.6% | -9.6% | ||
| Q1 25 | -28.9% | -14.0% | ||
| Q4 24 | -82.1% | — | ||
| Q3 24 | 13.7% | -10.3% | ||
| Q2 24 | -16.0% | 7.6% | ||
| Q1 24 | -23.4% | -11.2% |
| Q4 25 | $-0.11 | $-0.11 | ||
| Q3 25 | $-0.01 | $-0.12 | ||
| Q2 25 | $0.13 | $-0.09 | ||
| Q1 25 | $-0.16 | $-0.13 | ||
| Q4 24 | $-0.57 | $-0.13 | ||
| Q3 24 | $0.00 | $-0.10 | ||
| Q2 24 | $-0.01 | $0.07 | ||
| Q1 24 | $-0.01 | $-0.10 |
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 | $63.0M |
| Total DebtLower is stronger | $483.8M | $401.9M |
| Stockholders' EquityBook value | $355.7M | $534.9M |
| Total Assets | $2.3B | $1.1B |
| Debt / EquityLower = less leverage | 1.36× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $63.0M | ||
| Q3 25 | $346.3M | $49.9M | ||
| Q2 25 | $308.2M | $49.2M | ||
| Q1 25 | $241.4M | $65.5M | ||
| Q4 24 | $391.2M | $76.1M | ||
| Q3 24 | $51.9M | $69.5M | ||
| Q2 24 | $64.3M | $65.1M | ||
| Q1 24 | $59.3M | $55.1M |
| Q4 25 | $483.8M | $401.9M | ||
| Q3 25 | $508.6M | $403.1M | ||
| Q2 25 | $491.5M | $403.1M | ||
| Q1 25 | $502.7M | $405.2M | ||
| Q4 24 | $511.4M | $406.4M | ||
| Q3 24 | $394.4M | $403.2M | ||
| Q2 24 | $393.1M | $396.1M | ||
| Q1 24 | $398.7M | $396.7M |
| Q4 25 | $355.7M | $534.9M | ||
| Q3 25 | $364.8M | $537.8M | ||
| Q2 25 | $360.9M | $539.0M | ||
| Q1 25 | $344.3M | $544.1M | ||
| Q4 24 | $358.9M | $548.1M | ||
| Q3 24 | $394.1M | $564.3M | ||
| Q2 24 | $383.0M | $566.2M | ||
| Q1 24 | $377.1M | $560.0M |
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $917.6M | $1.1B | ||
| Q2 24 | $926.2M | $1.1B | ||
| Q1 24 | $917.0M | $1.1B |
| Q4 25 | 1.36× | 0.75× | ||
| Q3 25 | 1.39× | 0.75× | ||
| Q2 25 | 1.36× | 0.75× | ||
| Q1 25 | 1.46× | 0.74× | ||
| Q4 24 | 1.43× | 0.74× | ||
| Q3 24 | 1.00× | 0.71× | ||
| Q2 24 | 1.03× | 0.70× | ||
| Q1 24 | 1.06× | 0.71× |
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 | $19.5M |
| 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.
| Q4 25 | $175.9M | $19.5M | ||
| Q3 25 | $236.0M | $8.5M | ||
| Q2 25 | $157.9M | $-3.6M | ||
| Q1 25 | $51.9M | $-1.3M | ||
| Q4 24 | $340.7M | $6.5M | ||
| Q3 24 | $32.0M | $10.1M | ||
| Q2 24 | $36.7M | $19.6M | ||
| Q1 24 | $29.8M | $5.2M |
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | — | — |
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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
