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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Whitestone REIT (WSR). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $43.9M, roughly 1.6× Whitestone REIT). Whitestone REIT runs the higher net margin — 52.0% vs -16.1%, a 68.1% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 7.5%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 8.7%).
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.
Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.
GSAT vs WSR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $43.9M |
| Net Profit | $-11.6M | $22.8M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 53.0% |
| Net Margin | -16.1% | 52.0% |
| Revenue YoY | 17.6% | 7.5% |
| Net Profit YoY | 76.9% | 31.7% |
| 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 | $43.9M | ||
| Q3 25 | $73.8M | $41.0M | ||
| Q2 25 | $67.1M | $37.9M | ||
| Q1 25 | $60.0M | $38.0M | ||
| Q4 24 | $61.2M | $40.8M | ||
| Q3 24 | $72.3M | $38.6M | ||
| Q2 24 | $60.4M | $37.6M | ||
| Q1 24 | $56.5M | $37.2M |
| Q4 25 | $-11.6M | $22.8M | ||
| Q3 25 | $1.1M | $18.3M | ||
| Q2 25 | $19.2M | $5.1M | ||
| Q1 25 | $-17.3M | $3.7M | ||
| Q4 24 | $-50.2M | $17.3M | ||
| Q3 24 | $9.9M | $7.6M | ||
| Q2 24 | $-9.7M | $2.6M | ||
| Q1 24 | $-13.2M | $9.3M |
| Q4 25 | -0.5% | 53.0% | ||
| Q3 25 | 13.8% | 45.5% | ||
| Q2 25 | 9.2% | 13.8% | ||
| Q1 25 | -14.2% | 10.2% | ||
| Q4 24 | -6.9% | 43.3% | ||
| Q3 24 | 13.0% | 20.3% | ||
| Q2 24 | -2.4% | 7.2% | ||
| Q1 24 | -8.3% | 25.9% |
| Q4 25 | -16.1% | 52.0% | ||
| Q3 25 | 1.5% | 44.7% | ||
| Q2 25 | 28.6% | 13.3% | ||
| Q1 25 | -28.9% | 9.7% | ||
| Q4 24 | -82.1% | 42.5% | ||
| Q3 24 | 13.7% | 19.7% | ||
| Q2 24 | -16.0% | 6.9% | ||
| Q1 24 | -23.4% | 25.1% |
| Q4 25 | $-0.11 | $0.43 | ||
| Q3 25 | $-0.01 | $0.35 | ||
| Q2 25 | $0.13 | $0.10 | ||
| Q1 25 | $-0.16 | $0.07 | ||
| Q4 24 | $-0.57 | $0.34 | ||
| Q3 24 | $0.00 | $0.15 | ||
| Q2 24 | $-0.01 | $0.05 | ||
| Q1 24 | $-0.01 | $0.18 |
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 | $4.9M |
| Total DebtLower is stronger | $483.8M | $649.4M |
| Stockholders' EquityBook value | $355.7M | $458.1M |
| Total Assets | $2.3B | $1.2B |
| Debt / EquityLower = less leverage | 1.36× | 1.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $4.9M | ||
| Q3 25 | $346.3M | $6.8M | ||
| Q2 25 | $308.2M | $5.3M | ||
| Q1 25 | $241.4M | $5.6M | ||
| Q4 24 | $391.2M | $5.2M | ||
| Q3 24 | $51.9M | $2.5M | ||
| Q2 24 | $64.3M | $3.2M | ||
| Q1 24 | $59.3M | $6.2M |
| Q4 25 | $483.8M | $649.4M | ||
| Q3 25 | $508.6M | — | ||
| Q2 25 | $491.5M | — | ||
| Q1 25 | $502.7M | — | ||
| Q4 24 | $511.4M | $632.5M | ||
| Q3 24 | $394.4M | — | ||
| Q2 24 | $393.1M | — | ||
| Q1 24 | $398.7M | — |
| Q4 25 | $355.7M | $458.1M | ||
| Q3 25 | $364.8M | $439.5M | ||
| Q2 25 | $360.9M | $427.5M | ||
| Q1 25 | $344.3M | $431.0M | ||
| Q4 24 | $358.9M | $438.2M | ||
| Q3 24 | $394.1M | $419.5M | ||
| Q2 24 | $383.0M | $418.3M | ||
| Q1 24 | $377.1M | $421.6M |
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $917.6M | $1.1B | ||
| Q2 24 | $926.2M | $1.1B | ||
| Q1 24 | $917.0M | $1.1B |
| Q4 25 | 1.36× | 1.42× | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | 1.43× | 1.44× | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.06× | — |
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 | $50.8M |
| Free Cash FlowOCF − Capex | — | $50.5M |
| FCF MarginFCF / Revenue | — | 114.9% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $50.8M | ||
| Q3 25 | $236.0M | $18.0M | ||
| Q2 25 | $157.9M | $13.8M | ||
| Q1 25 | $51.9M | $3.1M | ||
| Q4 24 | $340.7M | $58.2M | ||
| Q3 24 | $32.0M | $16.4M | ||
| Q2 24 | $36.7M | $12.3M | ||
| Q1 24 | $29.8M | $11.5M |
| Q4 25 | — | $50.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $58.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 114.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 142.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 2.22× | ||
| Q3 25 | 216.53× | 0.98× | ||
| Q2 25 | 8.22× | 2.74× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 3.36× | ||
| Q3 24 | 3.23× | 2.15× | ||
| Q2 24 | — | 4.73× | ||
| Q1 24 | — | 1.23× |
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% |
WSR
Segment breakdown not available.
