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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
Smart Sand, Inc. is the larger business by last-quarter revenue ($86.0M vs $72.0M, roughly 1.2× Globalstar, Inc.). Smart Sand, Inc. runs the higher net margin — 1.4% vs -16.1%, a 17.5% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -5.8%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 1.8%).
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.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
GSAT vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $86.0M |
| Net Profit | $-11.6M | $1.2M |
| Gross Margin | — | 13.0% |
| Operating Margin | -0.5% | -3.1% |
| Net Margin | -16.1% | 1.4% |
| Revenue YoY | 17.6% | -5.8% |
| Net Profit YoY | 76.9% | -68.5% |
| EPS (diluted) | $-0.11 | $0.03 |
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 | $86.0M | ||
| Q3 25 | $73.8M | $92.8M | ||
| Q2 25 | $67.1M | $85.8M | ||
| Q1 25 | $60.0M | $65.6M | ||
| Q4 24 | $61.2M | $91.4M | ||
| Q3 24 | $72.3M | $63.2M | ||
| Q2 24 | $60.4M | $73.8M | ||
| Q1 24 | $56.5M | $83.1M |
| Q4 25 | $-11.6M | $1.2M | ||
| Q3 25 | $1.1M | $3.0M | ||
| Q2 25 | $19.2M | $21.4M | ||
| Q1 25 | $-17.3M | $-24.2M | ||
| Q4 24 | $-50.2M | $3.7M | ||
| Q3 24 | $9.9M | $-98.0K | ||
| Q2 24 | $-9.7M | $-430.0K | ||
| Q1 24 | $-13.2M | $-216.0K |
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | -0.5% | -3.1% | ||
| Q3 25 | 13.8% | 5.8% | ||
| Q2 25 | 9.2% | -0.1% | ||
| Q1 25 | -14.2% | -10.8% | ||
| Q4 24 | -6.9% | 3.9% | ||
| Q3 24 | 13.0% | -7.8% | ||
| Q2 24 | -2.4% | 4.8% | ||
| Q1 24 | -8.3% | 0.9% |
| Q4 25 | -16.1% | 1.4% | ||
| Q3 25 | 1.5% | 3.2% | ||
| Q2 25 | 28.6% | 24.9% | ||
| Q1 25 | -28.9% | -37.0% | ||
| Q4 24 | -82.1% | 4.1% | ||
| Q3 24 | 13.7% | -0.2% | ||
| Q2 24 | -16.0% | -0.6% | ||
| Q1 24 | -23.4% | -0.3% |
| Q4 25 | $-0.11 | $0.03 | ||
| Q3 25 | $-0.01 | $0.08 | ||
| Q2 25 | $0.13 | $0.54 | ||
| Q1 25 | $-0.16 | $-0.62 | ||
| Q4 24 | $-0.57 | $0.10 | ||
| Q3 24 | $0.00 | $0.00 | ||
| Q2 24 | $-0.01 | $-0.01 | ||
| Q1 24 | $-0.01 | $-0.01 |
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 | $22.6M |
| Total DebtLower is stronger | $483.8M | $15.0M |
| Stockholders' EquityBook value | $355.7M | $239.7M |
| Total Assets | $2.3B | $340.0M |
| Debt / EquityLower = less leverage | 1.36× | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $22.6M | ||
| Q3 25 | $346.3M | $5.1M | ||
| Q2 25 | $308.2M | $4.3M | ||
| Q1 25 | $241.4M | $5.1M | ||
| Q4 24 | $391.2M | $1.6M | ||
| Q3 24 | $51.9M | $7.2M | ||
| Q2 24 | $64.3M | $6.3M | ||
| Q1 24 | $59.3M | $4.6M |
| Q4 25 | $483.8M | $15.0M | ||
| Q3 25 | $508.6M | $14.3M | ||
| Q2 25 | $491.5M | $23.5M | ||
| Q1 25 | $502.7M | $13.7M | ||
| Q4 24 | $511.4M | $14.7M | ||
| Q3 24 | $394.4M | $15.7M | ||
| Q2 24 | $393.1M | $17.1M | ||
| Q1 24 | $398.7M | $25.5M |
| Q4 25 | $355.7M | $239.7M | ||
| Q3 25 | $364.8M | $239.9M | ||
| Q2 25 | $360.9M | $240.5M | ||
| Q1 25 | $344.3M | $219.9M | ||
| Q4 24 | $358.9M | $243.8M | ||
| Q3 24 | $394.1M | $243.6M | ||
| Q2 24 | $383.0M | $242.9M | ||
| Q1 24 | $377.1M | $242.5M |
| Q4 25 | $2.3B | $340.0M | ||
| Q3 25 | $2.2B | $343.1M | ||
| Q2 25 | $1.9B | $345.8M | ||
| Q1 25 | $1.7B | $326.9M | ||
| Q4 24 | $1.7B | $341.5M | ||
| Q3 24 | $917.6M | $335.8M | ||
| Q2 24 | $926.2M | $341.8M | ||
| Q1 24 | $917.0M | $349.3M |
| Q4 25 | 1.36× | 0.06× | ||
| Q3 25 | 1.39× | 0.06× | ||
| Q2 25 | 1.36× | 0.10× | ||
| Q1 25 | 1.46× | 0.06× | ||
| Q4 24 | 1.43× | 0.06× | ||
| Q3 24 | 1.00× | 0.06× | ||
| Q2 24 | 1.03× | 0.07× | ||
| Q1 24 | 1.06× | 0.11× |
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 | $22.4M |
| Free Cash FlowOCF − Capex | — | $20.4M |
| FCF MarginFCF / Revenue | — | 23.7% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $22.4M | ||
| Q3 25 | $236.0M | $18.2M | ||
| Q2 25 | $157.9M | $-5.1M | ||
| Q1 25 | $51.9M | $8.7M | ||
| Q4 24 | $340.7M | $1.0M | ||
| Q3 24 | $32.0M | $5.8M | ||
| Q2 24 | $36.7M | $14.9M | ||
| Q1 24 | $29.8M | $-3.9M |
| Q4 25 | — | $20.4M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $5.2M | ||
| Q4 24 | — | $-840.0K | ||
| Q3 24 | — | $3.7M | ||
| Q2 24 | — | $13.5M | ||
| Q1 24 | — | $-5.5M |
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 15.9% | ||
| Q2 25 | — | -9.1% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | -0.9% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 18.3% | ||
| Q1 24 | — | -6.6% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | — | 18.99× | ||
| Q3 25 | 216.53× | 6.05× | ||
| Q2 25 | 8.22× | -0.24× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.28× | ||
| 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
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
