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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $72.0M, roughly 1.0× Globalstar, Inc.). Globalstar, Inc. runs the higher net margin — -16.1% vs -20.3%, a 4.2% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 17.6%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 0.7%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
GSAT vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $73.5M |
| Net Profit | $-11.6M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | -0.5% | -22.9% |
| Net Margin | -16.1% | -20.3% |
| Revenue YoY | 17.6% | 22.0% |
| Net Profit YoY | 76.9% | -219.1% |
| EPS (diluted) | $-0.11 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $73.8M | $91.6M | ||
| Q2 25 | $67.1M | $54.9M | ||
| Q1 25 | $60.0M | $54.9M | ||
| Q4 24 | $61.2M | $60.2M | ||
| Q3 24 | $72.3M | $65.8M | ||
| Q2 24 | $60.4M | $67.5M | ||
| Q1 24 | $56.5M | $72.4M |
| Q4 25 | $-11.6M | $-14.9M | ||
| Q3 25 | $1.1M | $-795.0K | ||
| Q2 25 | $19.2M | $-14.9M | ||
| Q1 25 | $-17.3M | $-6.5M | ||
| Q4 24 | $-50.2M | $12.5M | ||
| Q3 24 | $9.9M | $20.0M | ||
| Q2 24 | $-9.7M | $18.4M | ||
| Q1 24 | $-13.2M | $20.4M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | -0.5% | -22.9% | ||
| Q3 25 | 13.8% | 0.1% | ||
| Q2 25 | 9.2% | -30.8% | ||
| Q1 25 | -14.2% | -2.0% | ||
| Q4 24 | -6.9% | 34.5% | ||
| Q3 24 | 13.0% | 42.5% | ||
| Q2 24 | -2.4% | 43.8% | ||
| Q1 24 | -8.3% | 42.0% |
| Q4 25 | -16.1% | -20.3% | ||
| Q3 25 | 1.5% | -0.9% | ||
| Q2 25 | 28.6% | -27.2% | ||
| Q1 25 | -28.9% | -11.8% | ||
| Q4 24 | -82.1% | 20.8% | ||
| Q3 24 | 13.7% | 30.4% | ||
| Q2 24 | -16.0% | 27.2% | ||
| Q1 24 | -23.4% | 28.2% |
| Q4 25 | $-0.11 | $-0.14 | ||
| Q3 25 | $-0.01 | $-0.01 | ||
| Q2 25 | $0.13 | $-0.15 | ||
| Q1 25 | $-0.16 | $-0.07 | ||
| Q4 24 | $-0.57 | $0.12 | ||
| Q3 24 | $0.00 | $0.20 | ||
| Q2 24 | $-0.01 | $0.18 | ||
| Q1 24 | $-0.01 | $0.20 |
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 | $8.3M |
| Total DebtLower is stronger | $483.8M | $1.7M |
| Stockholders' EquityBook value | $355.7M | $389.3M |
| Total Assets | $2.3B | $530.2M |
| Debt / EquityLower = less leverage | 1.36× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $8.3M | ||
| Q3 25 | $346.3M | $30.4M | ||
| Q2 25 | $308.2M | $19.2M | ||
| Q1 25 | $241.4M | $34.5M | ||
| Q4 24 | $391.2M | $190.7M | ||
| Q3 24 | $51.9M | $177.7M | ||
| Q2 24 | $64.3M | $154.3M | ||
| Q1 24 | $59.3M | $124.3M |
| Q4 25 | $483.8M | $1.7M | ||
| Q3 25 | $508.6M | $2.0M | ||
| Q2 25 | $491.5M | $26.3M | ||
| Q1 25 | $502.7M | $42.9M | ||
| Q4 24 | $511.4M | $1.5M | ||
| Q3 24 | $394.4M | $994.0K | ||
| Q2 24 | $393.1M | $1.1M | ||
| Q1 24 | $398.7M | $179.9M |
| Q4 25 | $355.7M | $389.3M | ||
| Q3 25 | $364.8M | $402.4M | ||
| Q2 25 | $360.9M | $401.3M | ||
| Q1 25 | $344.3M | $415.3M | ||
| Q4 24 | $358.9M | $421.1M | ||
| Q3 24 | $394.1M | $417.6M | ||
| Q2 24 | $383.0M | $397.2M | ||
| Q1 24 | $377.1M | $375.5M |
| Q4 25 | $2.3B | $530.2M | ||
| Q3 25 | $2.2B | $541.2M | ||
| Q2 25 | $1.9B | $533.7M | ||
| Q1 25 | $1.7B | $562.5M | ||
| Q4 24 | $1.7B | $725.8M | ||
| Q3 24 | $917.6M | $709.8M | ||
| Q2 24 | $926.2M | $697.0M | ||
| Q1 24 | $917.0M | $687.2M |
| Q4 25 | 1.36× | 0.00× | ||
| Q3 25 | 1.39× | 0.01× | ||
| Q2 25 | 1.36× | 0.07× | ||
| Q1 25 | 1.46× | 0.10× | ||
| Q4 24 | 1.43× | 0.00× | ||
| Q3 24 | 1.00× | 0.00× | ||
| Q2 24 | 1.03× | 0.00× | ||
| Q1 24 | 1.06× | 0.48× |
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 | $5.7M |
| 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 | $5.7M | ||
| Q3 25 | $236.0M | $53.4M | ||
| Q2 25 | $157.9M | $11.1M | ||
| Q1 25 | $51.9M | $3.9M | ||
| Q4 24 | $340.7M | $30.6M | ||
| Q3 24 | $32.0M | $31.4M | ||
| Q2 24 | $36.7M | $39.1M | ||
| Q1 24 | $29.8M | $50.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 3.23× | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
