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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and RING ENERGY, INC. (REI). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $66.9M, roughly 1.1× RING ENERGY, INC.). On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -19.8%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -15.9%).
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.
Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.
GSAT vs REI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $66.9M |
| Net Profit | $-11.6M | — |
| Gross Margin | — | — |
| Operating Margin | -0.5% | -37.6% |
| Net Margin | -16.1% | — |
| Revenue YoY | 17.6% | -19.8% |
| Net Profit YoY | 76.9% | — |
| EPS (diluted) | $-0.11 | $-0.07 |
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 | $66.9M | ||
| Q3 25 | $73.8M | $78.6M | ||
| Q2 25 | $67.1M | $82.6M | ||
| Q1 25 | $60.0M | $79.1M | ||
| Q4 24 | $61.2M | $83.4M | ||
| Q3 24 | $72.3M | $89.2M | ||
| Q2 24 | $60.4M | $99.1M | ||
| Q1 24 | $56.5M | $94.5M |
| Q4 25 | $-11.6M | — | ||
| Q3 25 | $1.1M | $-51.6M | ||
| Q2 25 | $19.2M | $20.6M | ||
| Q1 25 | $-17.3M | $9.1M | ||
| Q4 24 | $-50.2M | — | ||
| Q3 24 | $9.9M | $33.9M | ||
| Q2 24 | $-9.7M | $22.4M | ||
| Q1 24 | $-13.2M | $5.5M |
| Q4 25 | -0.5% | -37.6% | ||
| Q3 25 | 13.8% | -70.0% | ||
| Q2 25 | 9.2% | 28.4% | ||
| Q1 25 | -14.2% | 28.3% | ||
| Q4 24 | -6.9% | 28.3% | ||
| Q3 24 | 13.0% | 33.4% | ||
| Q2 24 | -2.4% | 42.2% | ||
| Q1 24 | -8.3% | 39.8% |
| Q4 25 | -16.1% | — | ||
| Q3 25 | 1.5% | -65.7% | ||
| Q2 25 | 28.6% | 25.0% | ||
| Q1 25 | -28.9% | 11.5% | ||
| Q4 24 | -82.1% | — | ||
| Q3 24 | 13.7% | 38.0% | ||
| Q2 24 | -16.0% | 22.6% | ||
| Q1 24 | -23.4% | 5.8% |
| Q4 25 | $-0.11 | $-0.07 | ||
| Q3 25 | $-0.01 | $-0.25 | ||
| Q2 25 | $0.13 | $0.10 | ||
| Q1 25 | $-0.16 | $0.05 | ||
| Q4 24 | $-0.57 | $0.03 | ||
| Q3 24 | $0.00 | $0.17 | ||
| Q2 24 | $-0.01 | $0.11 | ||
| Q1 24 | $-0.01 | $0.03 |
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 | $902.9K |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $836.3M |
| Total Assets | $2.3B | $1.4B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $902.9K | ||
| Q3 25 | $346.3M | $286.9K | ||
| Q2 25 | $308.2M | — | ||
| Q1 25 | $241.4M | $1.1M | ||
| Q4 24 | $391.2M | $1.9M | ||
| Q3 24 | $51.9M | — | ||
| Q2 24 | $64.3M | $1.2M | ||
| Q1 24 | $59.3M | $1.4M |
| Q4 25 | $483.8M | — | ||
| Q3 25 | $508.6M | — | ||
| Q2 25 | $491.5M | — | ||
| Q1 25 | $502.7M | — | ||
| Q4 24 | $511.4M | — | ||
| Q3 24 | $394.4M | — | ||
| Q2 24 | $393.1M | — | ||
| Q1 24 | $398.7M | — |
| Q4 25 | $355.7M | $836.3M | ||
| Q3 25 | $364.8M | $847.7M | ||
| Q2 25 | $360.9M | $897.9M | ||
| Q1 25 | $344.3M | $876.0M | ||
| Q4 24 | $358.9M | $858.6M | ||
| Q3 24 | $394.1M | $851.3M | ||
| Q2 24 | $383.0M | $817.4M | ||
| Q1 24 | $377.1M | $793.0M |
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $917.6M | $1.4B | ||
| Q2 24 | $926.2M | $1.4B | ||
| Q1 24 | $917.0M | $1.4B |
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.46× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $175.9M | $44.7M |
| 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 | $44.7M | ||
| Q3 25 | $236.0M | $44.5M | ||
| Q2 25 | $157.9M | $33.3M | ||
| Q1 25 | $51.9M | $28.4M | ||
| Q4 24 | $340.7M | $47.3M | ||
| Q3 24 | $32.0M | $51.3M | ||
| Q2 24 | $36.7M | $50.6M | ||
| Q1 24 | $29.8M | $45.2M |
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | 1.61× | ||
| Q1 25 | — | 3.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | 1.52× | ||
| Q2 24 | — | 2.26× | ||
| Q1 24 | — | 8.19× |
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% |
REI
Segment breakdown not available.
