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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $72.0M, roughly 1.4× Globalstar, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -16.1%, a 9.1% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 14.5%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
GSAT vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $100.0M |
| Net Profit | $-11.6M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -0.5% | -10.7% |
| Net Margin | -16.1% | -7.0% |
| Revenue YoY | 17.6% | 14.5% |
| Net Profit YoY | 76.9% | 76.0% |
| EPS (diluted) | $-0.11 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $73.8M | $161.9M | ||
| Q2 25 | $67.1M | $172.6M | ||
| Q1 25 | $60.0M | $111.4M | ||
| Q4 24 | $61.2M | $87.3M | ||
| Q3 24 | $72.3M | $150.5M | ||
| Q2 24 | $60.4M | $160.1M | ||
| Q1 24 | $56.5M | $110.6M |
| Q4 25 | $-11.6M | $-7.0M | ||
| Q3 25 | $1.1M | $8.1M | ||
| Q2 25 | $19.2M | $16.0M | ||
| Q1 25 | $-17.3M | $-6.0M | ||
| Q4 24 | $-50.2M | $-29.2M | ||
| Q3 24 | $9.9M | $5.9M | ||
| Q2 24 | $-9.7M | $13.3M | ||
| Q1 24 | $-13.2M | $-7.9M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
| Q4 25 | -0.5% | -10.7% | ||
| Q3 25 | 13.8% | 13.3% | ||
| Q2 25 | 9.2% | 14.3% | ||
| Q1 25 | -14.2% | -4.4% | ||
| Q4 24 | -6.9% | -14.9% | ||
| Q3 24 | 13.0% | 8.9% | ||
| Q2 24 | -2.4% | 12.5% | ||
| Q1 24 | -8.3% | -1.9% |
| Q4 25 | -16.1% | -7.0% | ||
| Q3 25 | 1.5% | 5.0% | ||
| Q2 25 | 28.6% | 9.3% | ||
| Q1 25 | -28.9% | -5.4% | ||
| Q4 24 | -82.1% | -33.4% | ||
| Q3 24 | 13.7% | 3.9% | ||
| Q2 24 | -16.0% | 8.3% | ||
| Q1 24 | -23.4% | -7.1% |
| Q4 25 | $-0.11 | $-0.06 | ||
| Q3 25 | $-0.01 | $0.07 | ||
| Q2 25 | $0.13 | $0.13 | ||
| Q1 25 | $-0.16 | $-0.05 | ||
| Q4 24 | $-0.57 | $-0.24 | ||
| Q3 24 | $0.00 | $0.05 | ||
| Q2 24 | $-0.01 | $0.11 | ||
| Q1 24 | $-0.01 | $-0.07 |
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 | — |
| Total DebtLower is stronger | $483.8M | $279.8M |
| Stockholders' EquityBook value | $355.7M | $405.9M |
| Total Assets | $2.3B | $823.2M |
| Debt / EquityLower = less leverage | 1.36× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | — | ||
| Q3 25 | $346.3M | — | ||
| Q2 25 | $308.2M | — | ||
| Q1 25 | $241.4M | — | ||
| Q4 24 | $391.2M | — | ||
| Q3 24 | $51.9M | — | ||
| Q2 24 | $64.3M | — | ||
| Q1 24 | $59.3M | — |
| Q4 25 | $483.8M | $279.8M | ||
| Q3 25 | $508.6M | $281.1M | ||
| Q2 25 | $491.5M | $281.5M | ||
| Q1 25 | $502.7M | $306.9M | ||
| Q4 24 | $511.4M | $281.5M | ||
| Q3 24 | $394.4M | $282.8M | ||
| Q2 24 | $393.1M | $282.4M | ||
| Q1 24 | $398.7M | $282.8M |
| Q4 25 | $355.7M | $405.9M | ||
| Q3 25 | $364.8M | $408.4M | ||
| Q2 25 | $360.9M | $398.4M | ||
| Q1 25 | $344.3M | $381.1M | ||
| Q4 24 | $358.9M | $387.2M | ||
| Q3 24 | $394.1M | $416.6M | ||
| Q2 24 | $383.0M | $408.1M | ||
| Q1 24 | $377.1M | $391.8M |
| Q4 25 | $2.3B | $823.2M | ||
| Q3 25 | $2.2B | $844.4M | ||
| Q2 25 | $1.9B | $822.1M | ||
| Q1 25 | $1.7B | $824.6M | ||
| Q4 24 | $1.7B | $794.2M | ||
| Q3 24 | $917.6M | $853.4M | ||
| Q2 24 | $926.2M | $830.0M | ||
| Q1 24 | $917.0M | $808.6M |
| Q4 25 | 1.36× | 0.69× | ||
| Q3 25 | 1.39× | 0.69× | ||
| Q2 25 | 1.36× | 0.71× | ||
| Q1 25 | 1.46× | 0.81× | ||
| Q4 24 | 1.43× | 0.73× | ||
| Q3 24 | 1.00× | 0.68× | ||
| Q2 24 | 1.03× | 0.69× | ||
| Q1 24 | 1.06× | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $23.3M | ||
| Q3 25 | $236.0M | $51.0M | ||
| Q2 25 | $157.9M | $36.0M | ||
| Q1 25 | $51.9M | $-46.9M | ||
| Q4 24 | $340.7M | $6.2M | ||
| Q3 24 | $32.0M | $37.2M | ||
| Q2 24 | $36.7M | $52.4M | ||
| Q1 24 | $29.8M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | 6.29× | ||
| Q2 25 | 8.22× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
