vs
Side-by-side financial comparison of Globalstar, Inc. (GSAT) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
PennyMac Mortgage Investment Trust is the larger business by last-quarter revenue ($93.6M vs $72.0M, roughly 1.3× Globalstar, Inc.). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -16.1%, a 72.1% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -13.3%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 12.3%).
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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
GSAT vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $93.6M |
| Net Profit | $-11.6M | $52.4M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 38.6% |
| Net Margin | -16.1% | 56.0% |
| Revenue YoY | 17.6% | -13.3% |
| Net Profit YoY | 76.9% | 12.5% |
| EPS (diluted) | $-0.11 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $73.8M | $99.2M | ||
| Q2 25 | $67.1M | $70.2M | ||
| Q1 25 | $60.0M | $44.5M | ||
| Q4 24 | $61.2M | $107.9M | ||
| Q3 24 | $72.3M | $80.9M | ||
| Q2 24 | $60.4M | $71.2M | ||
| Q1 24 | $56.5M | $74.2M |
| Q4 25 | $-11.6M | $52.4M | ||
| Q3 25 | $1.1M | $58.3M | ||
| Q2 25 | $19.2M | $7.5M | ||
| Q1 25 | $-17.3M | $9.7M | ||
| Q4 24 | $-50.2M | $46.5M | ||
| Q3 24 | $9.9M | $41.4M | ||
| Q2 24 | $-9.7M | $25.4M | ||
| Q1 24 | $-13.2M | $47.6M |
| Q4 25 | -0.5% | 38.6% | ||
| Q3 25 | 13.8% | 47.4% | ||
| Q2 25 | 9.2% | 24.2% | ||
| Q1 25 | -14.2% | -14.2% | ||
| Q4 24 | -6.9% | 51.1% | ||
| Q3 24 | 13.0% | 32.8% | ||
| Q2 24 | -2.4% | 40.2% | ||
| Q1 24 | -8.3% | 43.6% |
| Q4 25 | -16.1% | 56.0% | ||
| Q3 25 | 1.5% | 58.7% | ||
| Q2 25 | 28.6% | 10.7% | ||
| Q1 25 | -28.9% | 21.8% | ||
| Q4 24 | -82.1% | 43.1% | ||
| Q3 24 | 13.7% | 51.2% | ||
| Q2 24 | -16.0% | 35.7% | ||
| Q1 24 | -23.4% | 64.2% |
| Q4 25 | $-0.11 | $0.49 | ||
| Q3 25 | $-0.01 | $0.55 | ||
| Q2 25 | $0.13 | $-0.04 | ||
| Q1 25 | $-0.16 | $-0.01 | ||
| Q4 24 | $-0.57 | $0.45 | ||
| Q3 24 | $0.00 | $0.36 | ||
| Q2 24 | $-0.01 | $0.17 | ||
| Q1 24 | $-0.01 | $0.39 |
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 | $190.5M |
| Total DebtLower is stronger | $483.8M | $1.1B |
| Stockholders' EquityBook value | $355.7M | $1.9B |
| Total Assets | $2.3B | $21.3B |
| Debt / EquityLower = less leverage | 1.36× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $190.5M | ||
| Q3 25 | $346.3M | $181.0M | ||
| Q2 25 | $308.2M | $108.6M | ||
| Q1 25 | $241.4M | $204.2M | ||
| Q4 24 | $391.2M | $103.2M | ||
| Q3 24 | $51.9M | $102.8M | ||
| Q2 24 | $64.3M | $336.3M | ||
| Q1 24 | $59.3M | $343.3M |
| Q4 25 | $483.8M | $1.1B | ||
| Q3 25 | $508.6M | $299.0M | ||
| Q2 25 | $491.5M | $1.2B | ||
| Q1 25 | $502.7M | $968.4M | ||
| Q4 24 | $511.4M | $1.0B | ||
| Q3 24 | $394.4M | $5.2B | ||
| Q2 24 | $393.1M | $5.4B | ||
| Q1 24 | $398.7M | $5.1B |
| Q4 25 | $355.7M | $1.9B | ||
| Q3 25 | $364.8M | $1.9B | ||
| Q2 25 | $360.9M | $1.9B | ||
| Q1 25 | $344.3M | $1.9B | ||
| Q4 24 | $358.9M | $1.9B | ||
| Q3 24 | $394.1M | $1.9B | ||
| Q2 24 | $383.0M | $1.9B | ||
| Q1 24 | $377.1M | $2.0B |
| Q4 25 | $2.3B | $21.3B | ||
| Q3 25 | $2.2B | $18.5B | ||
| Q2 25 | $1.9B | $16.8B | ||
| Q1 25 | $1.7B | $14.9B | ||
| Q4 24 | $1.7B | $14.4B | ||
| Q3 24 | $917.6M | $13.1B | ||
| Q2 24 | $926.2M | $12.1B | ||
| Q1 24 | $917.0M | $12.3B |
| Q4 25 | 1.36× | 0.58× | ||
| Q3 25 | 1.39× | 0.16× | ||
| Q2 25 | 1.36× | 0.65× | ||
| Q1 25 | 1.46× | 0.51× | ||
| Q4 24 | 1.43× | 0.52× | ||
| Q3 24 | 1.00× | 2.70× | ||
| Q2 24 | 1.03× | 2.76× | ||
| Q1 24 | 1.06× | 2.60× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $-7.2B | ||
| Q3 25 | $236.0M | $-1.3B | ||
| Q2 25 | $157.9M | $-2.0B | ||
| Q1 25 | $51.9M | $-594.3M | ||
| Q4 24 | $340.7M | $-2.7B | ||
| Q3 24 | $32.0M | $-983.8M | ||
| Q2 24 | $36.7M | $243.8M | ||
| Q1 24 | $29.8M | $-342.4M |
| Q4 25 | — | -137.76× | ||
| Q3 25 | 216.53× | -22.26× | ||
| Q2 25 | 8.22× | -267.53× | ||
| Q1 25 | — | -61.39× | ||
| Q4 24 | — | -58.08× | ||
| Q3 24 | 3.23× | -23.76× | ||
| Q2 24 | — | 9.59× | ||
| Q1 24 | — | -7.19× |
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% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
