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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

Prairie Operating Co. is the larger business by last-quarter revenue ($77.7M vs $72.0M, roughly 1.1× Globalstar, Inc.). Prairie Operating Co. runs the higher net margin — 1.7% vs -16.1%, a 17.8% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% 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.

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

GSAT vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.1× larger
PROP
$77.7M
$72.0M
GSAT
Higher net margin
PROP
PROP
17.8% more per $
PROP
1.7%
-16.1%
GSAT
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
12.9%
GSAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
GSAT
GSAT
PROP
PROP
Revenue
$72.0M
$77.7M
Net Profit
$-11.6M
$1.3M
Gross Margin
Operating Margin
-0.5%
34.8%
Net Margin
-16.1%
1.7%
Revenue YoY
17.6%
Net Profit YoY
76.9%
111.3%
EPS (diluted)
$-0.11
$-0.44

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
PROP
PROP
Q4 25
$72.0M
Q3 25
$73.8M
$77.7M
Q2 25
$67.1M
$68.1M
Q1 25
$60.0M
$13.6M
Q4 24
$61.2M
Q3 24
$72.3M
$0
Q2 24
$60.4M
Q1 24
$56.5M
Net Profit
GSAT
GSAT
PROP
PROP
Q4 25
$-11.6M
Q3 25
$1.1M
$1.3M
Q2 25
$19.2M
$35.7M
Q1 25
$-17.3M
$-2.6M
Q4 24
$-50.2M
Q3 24
$9.9M
$-11.4M
Q2 24
$-9.7M
Q1 24
$-13.2M
Operating Margin
GSAT
GSAT
PROP
PROP
Q4 25
-0.5%
Q3 25
13.8%
34.8%
Q2 25
9.2%
27.8%
Q1 25
-14.2%
12.9%
Q4 24
-6.9%
Q3 24
13.0%
Q2 24
-2.4%
Q1 24
-8.3%
Net Margin
GSAT
GSAT
PROP
PROP
Q4 25
-16.1%
Q3 25
1.5%
1.7%
Q2 25
28.6%
52.4%
Q1 25
-28.9%
-19.3%
Q4 24
-82.1%
Q3 24
13.7%
Q2 24
-16.0%
Q1 24
-23.4%
EPS (diluted)
GSAT
GSAT
PROP
PROP
Q4 25
$-0.11
Q3 25
$-0.01
$-0.44
Q2 25
$0.13
$0.18
Q1 25
$-0.16
$-3.49
Q4 24
$-0.57
Q3 24
$0.00
$-0.68
Q2 24
$-0.01
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
GSAT
GSAT
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$447.5M
$10.6M
Total DebtLower is stronger
$483.8M
Stockholders' EquityBook value
$355.7M
$101.8M
Total Assets
$2.3B
$939.8M
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
PROP
PROP
Q4 25
$447.5M
Q3 25
$346.3M
$10.6M
Q2 25
$308.2M
$10.7M
Q1 25
$241.4M
$15.0M
Q4 24
$391.2M
Q3 24
$51.9M
$40.1M
Q2 24
$64.3M
Q1 24
$59.3M
Total Debt
GSAT
GSAT
PROP
PROP
Q4 25
$483.8M
Q3 25
$508.6M
Q2 25
$491.5M
$387.0M
Q1 25
$502.7M
$377.0M
Q4 24
$511.4M
Q3 24
$394.4M
Q2 24
$393.1M
Q1 24
$398.7M
Stockholders' Equity
GSAT
GSAT
PROP
PROP
Q4 25
$355.7M
Q3 25
$364.8M
$101.8M
Q2 25
$360.9M
$94.2M
Q1 25
$344.3M
$34.0M
Q4 24
$358.9M
Q3 24
$394.1M
$61.3M
Q2 24
$383.0M
Q1 24
$377.1M
Total Assets
GSAT
GSAT
PROP
PROP
Q4 25
$2.3B
Q3 25
$2.2B
$939.8M
Q2 25
$1.9B
$858.5M
Q1 25
$1.7B
$775.4M
Q4 24
$1.7B
Q3 24
$917.6M
$107.2M
Q2 24
$926.2M
Q1 24
$917.0M
Debt / Equity
GSAT
GSAT
PROP
PROP
Q4 25
1.36×
Q3 25
1.39×
Q2 25
1.36×
4.11×
Q1 25
1.46×
11.07×
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
GSAT
GSAT
PROP
PROP
Operating Cash FlowLast quarter
$175.9M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
PROP
PROP
Q4 25
$175.9M
Q3 25
$236.0M
$57.7M
Q2 25
$157.9M
$-7.2M
Q1 25
$51.9M
$16.9M
Q4 24
$340.7M
Q3 24
$32.0M
$2.8M
Q2 24
$36.7M
Q1 24
$29.8M
Cash Conversion
GSAT
GSAT
PROP
PROP
Q4 25
Q3 25
216.53×
44.80×
Q2 25
8.22×
-0.20×
Q1 25
Q4 24
Q3 24
3.23×
Q2 24
Q1 24

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%

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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