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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.

Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $49.0M, roughly 1.5× Quipt Home Medical Corp.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -16.1%, a 14.0% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 17.6%).

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.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

GSAT vs QIPT — Head-to-Head

Bigger by revenue
GSAT
GSAT
1.5× larger
GSAT
$72.0M
$49.0M
QIPT
Growing faster (revenue YoY)
QIPT
QIPT
+14.6% gap
QIPT
32.3%
17.6%
GSAT
Higher net margin
QIPT
QIPT
14.0% more per $
QIPT
-2.1%
-16.1%
GSAT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GSAT
GSAT
QIPT
QIPT
Revenue
$72.0M
$49.0M
Net Profit
$-11.6M
$-1.1M
Gross Margin
53.5%
Operating Margin
-0.5%
2.1%
Net Margin
-16.1%
-2.1%
Revenue YoY
17.6%
32.3%
Net Profit YoY
76.9%
2.9%
EPS (diluted)
$-0.11
$-0.02

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
QIPT
QIPT
Q4 25
$72.0M
$49.0M
Q3 25
$73.8M
$39.8M
Q2 25
$67.1M
$35.1M
Q1 25
$60.0M
$33.3M
Q4 24
$61.2M
$37.1M
Q3 24
$72.3M
Q2 24
$60.4M
Q1 24
$56.5M
Net Profit
GSAT
GSAT
QIPT
QIPT
Q4 25
$-11.6M
$-1.1M
Q3 25
$1.1M
$-3.5M
Q2 25
$19.2M
$-3.0M
Q1 25
$-17.3M
$-3.0M
Q4 24
$-50.2M
$-1.1M
Q3 24
$9.9M
Q2 24
$-9.7M
Q1 24
$-13.2M
Gross Margin
GSAT
GSAT
QIPT
QIPT
Q4 25
53.5%
Q3 25
48.7%
Q2 25
57.6%
Q1 25
54.6%
Q4 24
52.1%
Q3 24
Q2 24
Q1 24
Operating Margin
GSAT
GSAT
QIPT
QIPT
Q4 25
-0.5%
2.1%
Q3 25
13.8%
-3.6%
Q2 25
9.2%
-5.2%
Q1 25
-14.2%
-3.0%
Q4 24
-6.9%
1.2%
Q3 24
13.0%
Q2 24
-2.4%
Q1 24
-8.3%
Net Margin
GSAT
GSAT
QIPT
QIPT
Q4 25
-16.1%
-2.1%
Q3 25
1.5%
-8.9%
Q2 25
28.6%
-8.6%
Q1 25
-28.9%
-9.1%
Q4 24
-82.1%
-2.9%
Q3 24
13.7%
Q2 24
-16.0%
Q1 24
-23.4%
EPS (diluted)
GSAT
GSAT
QIPT
QIPT
Q4 25
$-0.11
$-0.02
Q3 25
$-0.01
$-0.07
Q2 25
$0.13
$-0.07
Q1 25
$-0.16
$-0.07
Q4 24
$-0.57
$-0.03
Q3 24
$0.00
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
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$447.5M
$10.5M
Total DebtLower is stronger
$483.8M
$84.0M
Stockholders' EquityBook value
$355.7M
$113.0M
Total Assets
$2.3B
$280.7M
Debt / EquityLower = less leverage
1.36×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
QIPT
QIPT
Q4 25
$447.5M
$10.5M
Q3 25
$346.3M
$12.9M
Q2 25
$308.2M
$11.3M
Q1 25
$241.4M
$17.1M
Q4 24
$391.2M
$15.5M
Q3 24
$51.9M
Q2 24
$64.3M
Q1 24
$59.3M
Total Debt
GSAT
GSAT
QIPT
QIPT
Q4 25
$483.8M
$84.0M
Q3 25
$508.6M
$87.6M
Q2 25
$491.5M
$66.0M
Q1 25
$502.7M
$71.5M
Q4 24
$511.4M
$70.6M
Q3 24
$394.4M
Q2 24
$393.1M
Q1 24
$398.7M
Stockholders' Equity
GSAT
GSAT
QIPT
QIPT
Q4 25
$355.7M
$113.0M
Q3 25
$364.8M
$112.1M
Q2 25
$360.9M
$102.5M
Q1 25
$344.3M
$103.6M
Q4 24
$358.9M
$106.3M
Q3 24
$394.1M
Q2 24
$383.0M
Q1 24
$377.1M
Total Assets
GSAT
GSAT
QIPT
QIPT
Q4 25
$2.3B
$280.7M
Q3 25
$2.2B
$283.3M
Q2 25
$1.9B
$236.1M
Q1 25
$1.7B
$244.6M
Q4 24
$1.7B
$242.8M
Q3 24
$917.6M
Q2 24
$926.2M
Q1 24
$917.0M
Debt / Equity
GSAT
GSAT
QIPT
QIPT
Q4 25
1.36×
0.74×
Q3 25
1.39×
0.78×
Q2 25
1.36×
0.64×
Q1 25
1.46×
0.69×
Q4 24
1.43×
0.66×
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
QIPT
QIPT
Operating Cash FlowLast quarter
$175.9M
$8.9M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
QIPT
QIPT
Q4 25
$175.9M
$8.9M
Q3 25
$236.0M
$9.8M
Q2 25
$157.9M
$9.7M
Q1 25
$51.9M
$8.9M
Q4 24
$340.7M
$9.3M
Q3 24
$32.0M
Q2 24
$36.7M
Q1 24
$29.8M
Free Cash Flow
GSAT
GSAT
QIPT
QIPT
Q4 25
$6.9M
Q3 25
$8.0M
Q2 25
$4.4M
Q1 25
$7.3M
Q4 24
$5.6M
Q3 24
Q2 24
Q1 24
FCF Margin
GSAT
GSAT
QIPT
QIPT
Q4 25
14.0%
Q3 25
20.0%
Q2 25
12.6%
Q1 25
22.0%
Q4 24
15.2%
Q3 24
Q2 24
Q1 24
Capex Intensity
GSAT
GSAT
QIPT
QIPT
Q4 25
4.2%
Q3 25
4.6%
Q2 25
14.9%
Q1 25
4.8%
Q4 24
9.9%
Q3 24
Q2 24
Q1 24
Cash Conversion
GSAT
GSAT
QIPT
QIPT
Q4 25
Q3 25
216.53×
Q2 25
8.22×
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%

QIPT
QIPT

Segment breakdown not available.

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