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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and VICOR CORP (VICR). Click either name above to swap in a different company.
VICOR CORP is the larger business by last-quarter revenue ($113.0M vs $72.0M, roughly 1.6× Globalstar, Inc.). VICOR CORP runs the higher net margin — 18.3% vs -16.1%, a 34.4% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs 17.6%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% CAGR vs 12.9%).
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.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
GSAT vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $113.0M |
| Net Profit | $-11.6M | $20.7M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 59.7% |
| Net Margin | -16.1% | 18.3% |
| Revenue YoY | 17.6% | 20.2% |
| Net Profit YoY | 76.9% | 713.9% |
| EPS (diluted) | $-0.11 | $0.44 |
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.
| Q1 26 | — | $113.0M | ||
| Q4 25 | $72.0M | $107.3M | ||
| Q3 25 | $73.8M | $110.4M | ||
| Q2 25 | $67.1M | $96.0M | ||
| Q1 25 | $60.0M | $94.0M | ||
| Q4 24 | $61.2M | $96.2M | ||
| Q3 24 | $72.3M | $93.2M | ||
| Q2 24 | $60.4M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $-11.6M | $46.5M | ||
| Q3 25 | $1.1M | $28.3M | ||
| Q2 25 | $19.2M | $41.2M | ||
| Q1 25 | $-17.3M | $2.5M | ||
| Q4 24 | $-50.2M | $10.2M | ||
| Q3 24 | $9.9M | $11.6M | ||
| Q2 24 | $-9.7M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 55.4% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 95.9% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 52.4% | ||
| Q3 24 | — | 49.1% | ||
| Q2 24 | — | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | -0.5% | 14.6% | ||
| Q3 25 | 13.8% | 18.9% | ||
| Q2 25 | 9.2% | 47.3% | ||
| Q1 25 | -14.2% | -0.2% | ||
| Q4 24 | -6.9% | 9.6% | ||
| Q3 24 | 13.0% | 5.8% | ||
| Q2 24 | -2.4% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | -16.1% | 43.4% | ||
| Q3 25 | 1.5% | 25.6% | ||
| Q2 25 | 28.6% | 42.9% | ||
| Q1 25 | -28.9% | 2.7% | ||
| Q4 24 | -82.1% | 10.7% | ||
| Q3 24 | 13.7% | 12.4% | ||
| Q2 24 | -16.0% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-0.11 | $1.01 | ||
| Q3 25 | $-0.01 | $0.63 | ||
| Q2 25 | $0.13 | $0.91 | ||
| Q1 25 | $-0.16 | $0.06 | ||
| Q4 24 | $-0.57 | $0.24 | ||
| Q3 24 | $0.00 | $0.26 | ||
| Q2 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 | $404.2M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $754.1M |
| Total Assets | $2.3B | $804.9M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $447.5M | $402.8M | ||
| Q3 25 | $346.3M | $362.4M | ||
| Q2 25 | $308.2M | $338.5M | ||
| Q1 25 | $241.4M | $296.1M | ||
| Q4 24 | $391.2M | $277.3M | ||
| Q3 24 | $51.9M | $267.6M | ||
| Q2 24 | $64.3M | $251.9M |
| Q1 26 | — | — | ||
| 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 26 | — | $754.1M | ||
| Q4 25 | $355.7M | $711.6M | ||
| Q3 25 | $364.8M | $630.1M | ||
| Q2 25 | $360.9M | $608.6M | ||
| Q1 25 | $344.3M | $580.3M | ||
| Q4 24 | $358.9M | $570.1M | ||
| Q3 24 | $394.1M | $554.6M | ||
| Q2 24 | $383.0M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $2.3B | $785.8M | ||
| Q3 25 | $2.2B | $710.2M | ||
| Q2 25 | $1.9B | $693.5M | ||
| Q1 25 | $1.7B | $665.0M | ||
| Q4 24 | $1.7B | $641.1M | ||
| Q3 24 | $917.6M | $632.8M | ||
| Q2 24 | $926.2M | $613.2M |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $175.9M | $15.7M | ||
| Q3 25 | $236.0M | $38.5M | ||
| Q2 25 | $157.9M | $65.2M | ||
| Q1 25 | $51.9M | $20.1M | ||
| Q4 24 | $340.7M | $10.1M | ||
| Q3 24 | $32.0M | $22.6M | ||
| Q2 24 | $36.7M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $34.5M | ||
| Q2 25 | — | $59.0M | ||
| Q1 25 | — | $15.6M | ||
| Q4 24 | — | $8.4M | ||
| Q3 24 | — | $14.1M | ||
| Q2 24 | — | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 31.2% | ||
| Q2 25 | — | 61.5% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | 216.53× | 1.36× | ||
| Q2 25 | 8.22× | 1.58× | ||
| Q1 25 | — | 7.93× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | 3.23× | 1.95× | ||
| Q2 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% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
