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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($143.3M vs $72.0M, roughly 2.0× Globalstar, Inc.). Globalstar, Inc. runs the higher net margin — -16.1% vs -31.4%, a 15.3% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 0.4%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 0.0%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
GSAT vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $143.3M |
| Net Profit | $-11.6M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | — |
| Net Margin | -16.1% | -31.4% |
| Revenue YoY | 17.6% | 0.4% |
| Net Profit YoY | 76.9% | -27.9% |
| EPS (diluted) | $-0.11 | $-0.10 |
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.
| Q1 26 | — | $143.3M | ||
| Q4 25 | $72.0M | $142.9M | ||
| Q3 25 | $73.8M | $139.2M | ||
| Q2 25 | $67.1M | $140.3M | ||
| Q1 25 | $60.0M | $142.7M | ||
| Q4 24 | $61.2M | $143.2M | ||
| Q3 24 | $72.3M | $139.3M | ||
| Q2 24 | $60.4M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $-11.6M | $-43.2M | ||
| Q3 25 | $1.1M | $-13.5M | ||
| Q2 25 | $19.2M | $-16.8M | ||
| Q1 25 | $-17.3M | $-10.1M | ||
| Q4 24 | $-50.2M | $-30.0M | ||
| Q3 24 | $9.9M | $-11.5M | ||
| Q2 24 | $-9.7M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | — | ||
| Q3 25 | 13.8% | — | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | -14.2% | — | ||
| Q4 24 | -6.9% | — | ||
| Q3 24 | 13.0% | — | ||
| Q2 24 | -2.4% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | -16.1% | -30.3% | ||
| Q3 25 | 1.5% | -9.7% | ||
| Q2 25 | 28.6% | -12.0% | ||
| Q1 25 | -28.9% | -7.1% | ||
| Q4 24 | -82.1% | -20.9% | ||
| Q3 24 | 13.7% | -8.3% | ||
| Q2 24 | -16.0% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $-0.11 | $-0.34 | ||
| Q3 25 | $-0.01 | $-0.11 | ||
| Q2 25 | $0.13 | $-0.14 | ||
| Q1 25 | $-0.16 | $-0.08 | ||
| Q4 24 | $-0.57 | $-0.25 | ||
| Q3 24 | $0.00 | $-0.09 | ||
| Q2 24 | $-0.01 | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $1.5B |
| Total Assets | $2.3B | $4.0B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $447.5M | $731.0K | ||
| Q3 25 | $346.3M | $3.0M | ||
| Q2 25 | $308.2M | $3.3M | ||
| Q1 25 | $241.4M | $2.9M | ||
| Q4 24 | $391.2M | $109.6M | ||
| Q3 24 | $51.9M | $133.6M | ||
| Q2 24 | $64.3M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $483.8M | $2.2B | ||
| Q3 25 | $508.6M | $2.2B | ||
| Q2 25 | $491.5M | $2.2B | ||
| Q1 25 | $502.7M | $2.2B | ||
| Q4 24 | $511.4M | $2.2B | ||
| Q3 24 | $394.4M | $2.2B | ||
| Q2 24 | $393.1M | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $355.7M | $1.5B | ||
| Q3 25 | $364.8M | $1.5B | ||
| Q2 25 | $360.9M | $1.5B | ||
| Q1 25 | $344.3M | $1.6B | ||
| Q4 24 | $358.9M | $1.6B | ||
| Q3 24 | $394.1M | $1.6B | ||
| Q2 24 | $383.0M | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $2.3B | $4.0B | ||
| Q3 25 | $2.2B | $4.0B | ||
| Q2 25 | $1.9B | $4.0B | ||
| Q1 25 | $1.7B | $4.0B | ||
| Q4 24 | $1.7B | $4.1B | ||
| Q3 24 | $917.6M | $4.1B | ||
| Q2 24 | $926.2M | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 1.49× | ||
| Q3 25 | 1.39× | 1.43× | ||
| Q2 25 | 1.36× | 1.41× | ||
| Q1 25 | 1.46× | 1.40× | ||
| Q4 24 | 1.43× | 1.40× | ||
| Q3 24 | 1.00× | 1.36× | ||
| Q2 24 | 1.03× | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 110.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $175.9M | $140.6M | ||
| Q3 25 | $236.0M | $35.8M | ||
| Q2 25 | $157.9M | $50.1M | ||
| Q1 25 | $51.9M | $3.7M | ||
| Q4 24 | $340.7M | $198.1M | ||
| Q3 24 | $32.0M | $42.9M | ||
| Q2 24 | $36.7M | $66.8M |
| Q1 26 | — | 110.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | — | ||
| Q2 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% |
PDM
Segment breakdown not available.
