vs
AST SpaceMobile, Inc.（ASTS）与Globalstar, Inc.（GSAT）财务数据对比。点击上方公司名可切换其他公司
Globalstar, Inc.的季度营收约是AST SpaceMobile, Inc.的1.3倍（$72.0M vs $54.3M）。Globalstar, Inc.净利率更高（-16.1% vs -136.2%，领先120.1%）。AST SpaceMobile, Inc.同比增速更快（2758.2% vs 17.6%）。过去两年AST SpaceMobile, Inc.的营收复合增速更高（942.2% vs 12.9%）
AST SpaceMobile是总部位于美国得克萨斯州米德兰的上市卫星设计与制造企业，目前正搭建SpaceMobile卫星星座，打造可直接对接未改装普通智能手机的天基蜂窝宽带网络，面向全球偏远及通信服务薄弱地区提供4G、5G宽带覆盖服务。
Globalstar Inc.是一家美国电信企业，运营近地轨道卫星星座，可提供卫星电话、低速数据传输及对地观测服务，其第二代卫星星座由25颗卫星组成，相关服务可覆盖全球大部分区域的通信及遥感需求。
ASTS vs GSAT — 直观对比
营收规模更大
GSAT
是对方的1.3倍
$54.3M
营收增速更快
ASTS
高出2740.5%
17.6%
净利率更高
GSAT
高出120.1%
-136.2%
两年增速更快
ASTS
近两年复合增速
12.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $54.3M | $72.0M |
| 净利润 | $-74.0M | $-11.6M |
| 毛利率 | — | — |
| 营业利润率 | -175.0% | -0.5% |
| 净利率 | -136.2% | -16.1% |
| 营收同比 | 2758.2% | 17.6% |
| 净利润同比 | -106.3% | 76.9% |
| 每股收益（稀释后） | — | $-0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ASTSGSAT
| Q4 25 | $54.3M | $72.0M | ||
| Q3 25 | $14.7M | $73.8M | ||
| Q2 25 | $1.2M | $67.1M | ||
| Q1 25 | $718.0K | $60.0M | ||
| Q4 24 | $1.9M | $61.2M | ||
| Q3 24 | $1.1M | $72.3M | ||
| Q2 24 | $900.0K | $60.4M | ||
| Q1 24 | $500.0K | $56.5M |
净利润ASTSGSAT
| Q4 25 | $-74.0M | $-11.6M | ||
| Q3 25 | $-122.9M | $1.1M | ||
| Q2 25 | $-99.4M | $19.2M | ||
| Q1 25 | $-45.7M | $-17.3M | ||
| Q4 24 | $-35.9M | $-50.2M | ||
| Q3 24 | $-171.9M | $9.9M | ||
| Q2 24 | $-72.5M | $-9.7M | ||
| Q1 24 | $-19.7M | $-13.2M |
营业利润率ASTSGSAT
| Q4 25 | -175.0% | -0.5% | ||
| Q3 25 | -1109.0% | 13.8% | ||
| Q2 25 | -11692.1% | 9.2% | ||
| Q1 25 | -8838.4% | -14.2% | ||
| Q4 24 | -2733.6% | -6.9% | ||
| Q3 24 | -27494.0% | 13.0% | ||
| Q2 24 | -14568.8% | -2.4% | ||
| Q1 24 | -7902.0% | -8.3% |
净利率ASTSGSAT
| Q4 25 | -136.2% | -16.1% | ||
| Q3 25 | -833.7% | 1.5% | ||
| Q2 25 | -8598.1% | 28.6% | ||
| Q1 25 | -6365.7% | -28.9% | ||
| Q4 24 | -1887.2% | -82.1% | ||
| Q3 24 | -15631.5% | 13.7% | ||
| Q2 24 | -8061.1% | -16.0% | ||
| Q1 24 | -3946.0% | -23.4% |
每股收益（稀释后）ASTSGSAT
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $-0.57 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | $-0.01 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $4.3B | $447.5M |
| 总债务越低越好 | — | $483.8M |
| 股东权益账面价值 | $2.4B | $355.7M |
| 总资产 | $5.0B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资ASTSGSAT
| Q4 25 | $4.3B | $447.5M | ||
| Q3 25 | $2.4B | $346.3M | ||
| Q2 25 | $1.7B | $308.2M | ||
| Q1 25 | $1.7B | $241.4M | ||
| Q4 24 | $1.1B | $391.2M | ||
| Q3 24 | $946.7M | $51.9M | ||
| Q2 24 | $544.5M | $64.3M | ||
| Q1 24 | $408.9M | $59.3M |
总债务ASTSGSAT
| 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 24 | — | $398.7M |
股东权益ASTSGSAT
| Q4 25 | $2.4B | $355.7M | ||
| Q3 25 | $1.6B | $364.8M | ||
| Q2 25 | $1.2B | $360.9M | ||
| Q1 25 | $766.7M | $344.3M | ||
| Q4 24 | $669.1M | $358.9M | ||
| Q3 24 | $502.8M | $394.1M | ||
| Q2 24 | $241.9M | $383.0M | ||
| Q1 24 | $285.8M | $377.1M |
总资产ASTSGSAT
| Q4 25 | $5.0B | $2.3B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $1.9B | $1.9B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $954.6M | $1.7B | ||
| Q3 24 | $821.6M | $917.6M | ||
| Q2 24 | $579.6M | $926.2M | ||
| Q1 24 | $501.7M | $917.0M |
负债/权益比ASTSGSAT
| 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× | ||
| Q1 24 | — | 1.06× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $65.0M | $175.9M |
| 自由现金流经营现金流 - 资本支出 | $-330.7M | — |
| 自由现金流率自由现金流/营收 | -609.0% | — |
| 资本支出强度资本支出/营收 | 728.7% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.1B | — |
8季度趋势，按日历期对齐
经营现金流ASTSGSAT
| Q4 25 | $65.0M | $175.9M | ||
| Q3 25 | $-64.5M | $236.0M | ||
| Q2 25 | $-43.5M | $157.9M | ||
| Q1 25 | $-28.5M | $51.9M | ||
| Q4 24 | $-28.4M | $340.7M | ||
| Q3 24 | $-33.4M | $32.0M | ||
| Q2 24 | $-16.2M | $36.7M | ||
| Q1 24 | $-48.1M | $29.8M |
自由现金流ASTSGSAT
| Q4 25 | $-330.7M | — | ||
| Q3 25 | $-302.9M | — | ||
| Q2 25 | $-353.6M | — | ||
| Q1 25 | $-149.0M | — | ||
| Q4 24 | $-110.5M | — | ||
| Q3 24 | $-63.8M | — | ||
| Q2 24 | $-38.4M | — | ||
| Q1 24 | $-87.7M | — |
自由现金流率ASTSGSAT
| Q4 25 | -609.0% | — | ||
| Q3 25 | -2055.0% | — | ||
| Q2 25 | -30592.0% | — | ||
| Q1 25 | -20752.4% | — | ||
| Q4 24 | -5814.3% | — | ||
| Q3 24 | -5795.8% | — | ||
| Q2 24 | -4261.6% | — | ||
| Q1 24 | -17538.0% | — |
资本支出强度ASTSGSAT
| Q4 25 | 728.7% | — | ||
| Q3 25 | 1617.6% | — | ||
| Q2 25 | 26831.0% | — | ||
| Q1 25 | 16776.6% | — | ||
| Q4 24 | 4317.5% | — | ||
| Q3 24 | 2756.8% | — | ||
| Q2 24 | 2466.9% | — | ||
| Q1 24 | 7913.6% | — |
现金转化率ASTSGSAT
| Q4 25 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ASTS
| Products | $44.4M | 82% |
| Other | $7.8M | 14% |
| Sat Co | $2.1M | 4% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
