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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $37.2M, roughly 1.9× Waterstone Financial, Inc.). On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 16.7%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 7.1%).
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.
Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.
GSAT vs WSBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $37.2M |
| Net Profit | $-11.6M | — |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 27.0% |
| Net Margin | -16.1% | — |
| Revenue YoY | 17.6% | 16.7% |
| Net Profit YoY | 76.9% | — |
| EPS (diluted) | $-0.11 | $0.43 |
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 | $37.2M | ||
| Q3 25 | $73.8M | $37.0M | ||
| Q2 25 | $67.1M | $38.0M | ||
| Q1 25 | $60.0M | $29.7M | ||
| Q4 24 | $61.2M | $31.8M | ||
| Q3 24 | $72.3M | $34.1M | ||
| Q2 24 | $60.4M | $37.2M | ||
| Q1 24 | $56.5M | $32.4M |
| Q4 25 | $-11.6M | — | ||
| Q3 25 | $1.1M | $7.9M | ||
| Q2 25 | $19.2M | $7.7M | ||
| Q1 25 | $-17.3M | $3.0M | ||
| Q4 24 | $-50.2M | — | ||
| Q3 24 | $9.9M | $4.7M | ||
| Q2 24 | $-9.7M | $5.7M | ||
| Q1 24 | $-13.2M | $3.0M |
| Q4 25 | -0.5% | 27.0% | ||
| Q3 25 | 13.8% | 26.6% | ||
| Q2 25 | 9.2% | 25.4% | ||
| Q1 25 | -14.2% | 13.1% | ||
| Q4 24 | -6.9% | 19.5% | ||
| Q3 24 | 13.0% | 17.3% | ||
| Q2 24 | -2.4% | 19.2% | ||
| Q1 24 | -8.3% | 14.7% |
| Q4 25 | -16.1% | — | ||
| Q3 25 | 1.5% | 21.4% | ||
| Q2 25 | 28.6% | 20.3% | ||
| Q1 25 | -28.9% | 10.2% | ||
| Q4 24 | -82.1% | — | ||
| Q3 24 | 13.7% | 13.9% | ||
| Q2 24 | -16.0% | 15.4% | ||
| Q1 24 | -23.4% | 9.4% |
| Q4 25 | $-0.11 | $0.43 | ||
| Q3 25 | $-0.01 | $0.45 | ||
| Q2 25 | $0.13 | $0.43 | ||
| Q1 25 | $-0.16 | $0.17 | ||
| Q4 24 | $-0.57 | $0.28 | ||
| Q3 24 | $0.00 | $0.26 | ||
| Q2 24 | $-0.01 | $0.31 | ||
| Q1 24 | $-0.01 | $0.16 |
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 | $412.3M |
| Stockholders' EquityBook value | $355.7M | $349.4M |
| Total Assets | $2.3B | $2.3B |
| Debt / EquityLower = less leverage | 1.36× | 1.18× |
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 | $412.3M | ||
| Q3 25 | $508.6M | $469.1M | ||
| Q2 25 | $491.5M | $465.7M | ||
| Q1 25 | $502.7M | $395.9M | ||
| Q4 24 | $511.4M | $446.5M | ||
| Q3 24 | $394.4M | $560.1M | ||
| Q2 24 | $393.1M | $660.8M | ||
| Q1 24 | $398.7M | $634.2M |
| Q4 25 | $355.7M | $349.4M | ||
| Q3 25 | $364.8M | $345.5M | ||
| Q2 25 | $360.9M | $341.5M | ||
| Q1 25 | $344.3M | $341.4M | ||
| Q4 24 | $358.9M | $339.1M | ||
| Q3 24 | $394.1M | $342.0M | ||
| Q2 24 | $383.0M | $334.9M | ||
| Q1 24 | $377.1M | $338.0M |
| Q4 25 | $2.3B | $2.3B | ||
| Q3 25 | $2.2B | $2.3B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $917.6M | $2.2B | ||
| Q2 24 | $926.2M | $2.3B | ||
| Q1 24 | $917.0M | $2.2B |
| Q4 25 | 1.36× | 1.18× | ||
| Q3 25 | 1.39× | 1.36× | ||
| Q2 25 | 1.36× | 1.36× | ||
| Q1 25 | 1.46× | 1.16× | ||
| Q4 24 | 1.43× | 1.32× | ||
| Q3 24 | 1.00× | 1.64× | ||
| Q2 24 | 1.03× | 1.97× | ||
| Q1 24 | 1.06× | 1.88× |
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 | $24.2M |
| Free Cash FlowOCF − Capex | — | $23.0M |
| FCF MarginFCF / Revenue | — | 61.9% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $24.2M | ||
| Q3 25 | $236.0M | $32.7M | ||
| Q2 25 | $157.9M | $-38.4M | ||
| Q1 25 | $51.9M | $26.7M | ||
| Q4 24 | $340.7M | $48.1M | ||
| Q3 24 | $32.0M | $74.1M | ||
| Q2 24 | $36.7M | $-39.5M | ||
| Q1 24 | $29.8M | $-9.9M |
| Q4 25 | — | $23.0M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | — | $-38.5M | ||
| Q1 25 | — | $26.5M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $73.9M | ||
| Q2 24 | — | $-39.7M | ||
| Q1 24 | — | $-10.3M |
| Q4 25 | — | 61.9% | ||
| Q3 25 | — | 87.5% | ||
| Q2 25 | — | -101.2% | ||
| Q1 25 | — | 89.2% | ||
| Q4 24 | — | 147.5% | ||
| Q3 24 | — | 216.9% | ||
| Q2 24 | — | -106.7% | ||
| Q1 24 | — | -31.9% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | 4.13× | ||
| Q2 25 | 8.22× | -4.98× | ||
| Q1 25 | — | 8.81× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | 15.67× | ||
| Q2 24 | — | -6.92× | ||
| Q1 24 | — | -3.27× |
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% |
WSBF
Segment breakdown not available.
