vs
Globalstar, Inc.（GSAT）与Hut 8 Corp.（HUT）财务数据对比。点击上方公司名可切换其他公司
Hut 8 Corp.的季度营收约是Globalstar, Inc.的1.2倍（$88.5M vs $72.0M），Globalstar, Inc.净利率更高（-16.1% vs -316.0%，领先299.9%），Hut 8 Corp.同比增速更快（179.2% vs 17.6%），过去两年Hut 8 Corp.的营收复合增速更高（30.8% vs 12.9%）
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。
Tropical Hut是菲律宾水星集团旗下的快餐连锁品牌，是菲律宾历史第七悠久的餐饮连锁品牌，创立时间早于1978年成立的快乐蜂及1981年进入菲律宾市场的麦当劳。
GSAT vs HUT — 直观对比
营收规模更大
HUT
是对方的1.2倍
$72.0M
营收增速更快
HUT
高出161.6%
17.6%
净利率更高
GSAT
高出299.9%
-316.0%
两年增速更快
HUT
近两年复合增速
12.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $88.5M |
| 净利润 | $-11.6M | $-279.7M |
| 毛利率 | — | 60.4% |
| 营业利润率 | -0.5% | -491.4% |
| 净利率 | -16.1% | -316.0% |
| 营收同比 | 17.6% | 179.2% |
| 净利润同比 | 76.9% | -283.7% |
| 每股收益（稀释后） | $-0.11 | $-2.45 |
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GSATHUT
| Q4 25 | $72.0M | $88.5M | ||
| Q3 25 | $73.8M | $83.5M | ||
| Q2 25 | $67.1M | $41.3M | ||
| Q1 25 | $60.0M | $21.8M | ||
| Q4 24 | $61.2M | $31.7M | ||
| Q3 24 | $72.3M | $43.7M | ||
| Q2 24 | $60.4M | $35.2M | ||
| Q1 24 | $56.5M | $51.7M |
净利润GSATHUT
| Q4 25 | $-11.6M | $-279.7M | ||
| Q3 25 | $1.1M | $50.1M | ||
| Q2 25 | $19.2M | $137.3M | ||
| Q1 25 | $-17.3M | $-133.9M | ||
| Q4 24 | $-50.2M | $152.2M | ||
| Q3 24 | $9.9M | $647.0K | ||
| Q2 24 | $-9.7M | $-71.9M | ||
| Q1 24 | $-13.2M | $250.9M |
毛利率GSATHUT
| Q4 25 | — | 60.4% | ||
| Q3 25 | — | 61.3% | ||
| Q2 25 | — | 47.3% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 35.9% | ||
| Q3 24 | — | 59.9% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 45.6% |
营业利润率GSATHUT
| Q4 25 | -0.5% | -491.4% | ||
| Q3 25 | 13.8% | 87.0% | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | -14.2% | -676.8% | ||
| Q4 24 | -6.9% | — | ||
| Q3 24 | 13.0% | -3.6% | ||
| Q2 24 | -2.4% | -246.2% | ||
| Q1 24 | -8.3% | — |
净利率GSATHUT
| Q4 25 | -16.1% | -316.0% | ||
| Q3 25 | 1.5% | 60.0% | ||
| Q2 25 | 28.6% | 332.5% | ||
| Q1 25 | -28.9% | -613.7% | ||
| Q4 24 | -82.1% | 480.3% | ||
| Q3 24 | 13.7% | 1.5% | ||
| Q2 24 | -16.0% | -204.1% | ||
| Q1 24 | -23.4% | 484.9% |
每股收益（稀释后）GSATHUT
| Q4 25 | $-0.11 | $-2.45 | ||
| Q3 25 | $-0.01 | $0.43 | ||
| Q2 25 | $0.13 | $1.18 | ||
| Q1 25 | $-0.16 | $-1.30 | ||
| Q4 24 | $-0.57 | $1.41 | ||
| Q3 24 | $0.00 | $0.01 | ||
| Q2 24 | $-0.01 | $-0.78 | ||
| Q1 24 | $-0.01 | $2.76 |
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 | $447.5M | $44.9M |
| 总债务越低越好 | $483.8M | — |
| 股东权益账面价值 | $355.7M | $1.4B |
| 总资产 | $2.3B | $2.8B |
| 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GSATHUT
| Q4 25 | $447.5M | $44.9M | ||
| Q3 25 | $346.3M | $33.5M | ||
| Q2 25 | $308.2M | $216.3M | ||
| Q1 25 | $241.4M | $108.4M | ||
| Q4 24 | $391.2M | $85.0M | ||
| Q3 24 | $51.9M | — | ||
| Q2 24 | $64.3M | — | ||
| Q1 24 | $59.3M | $11.5M |
总债务GSATHUT
| Q4 25 | $483.8M | — | ||
| Q3 25 | $508.6M | — | ||
| Q2 25 | $491.5M | — | ||
| Q1 25 | $502.7M | — | ||
| Q4 24 | $511.4M | $300.6M | ||
| Q3 24 | $394.4M | $297.3M | ||
| Q2 24 | $393.1M | $328.8M | ||
| Q1 24 | $398.7M | $177.6M |
股东权益GSATHUT
| Q4 25 | $355.7M | $1.4B | ||
| Q3 25 | $364.8M | $1.4B | ||
| Q2 25 | $360.9M | $1.3B | ||
| Q1 25 | $344.3M | $960.0M | ||
| Q4 24 | $358.9M | $976.7M | ||
| Q3 24 | $394.1M | $703.9M | ||
| Q2 24 | $383.0M | $660.1M | ||
| Q1 24 | $377.1M | $732.0M |
总资产GSATHUT
| Q4 25 | $2.3B | $2.8B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.7B | $1.5B | ||
| Q3 24 | $917.6M | $1.1B | ||
| Q2 24 | $926.2M | $1.1B | ||
| Q1 24 | $917.0M | $999.0M |
负债/权益比GSATHUT
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | 1.43× | 0.31× | ||
| Q3 24 | 1.00× | 0.42× | ||
| Q2 24 | 1.03× | 0.50× | ||
| Q1 24 | 1.06× | 0.24× |
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 | $175.9M | $-139.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流GSATHUT
| Q4 25 | $175.9M | $-139.2M | ||
| Q3 25 | $236.0M | $770.0K | ||
| Q2 25 | $157.9M | $-48.8M | ||
| Q1 25 | $51.9M | $-33.8M | ||
| Q4 24 | $340.7M | $-68.5M | ||
| Q3 24 | $32.0M | $-4.2M | ||
| Q2 24 | $36.7M | $-16.4M | ||
| Q1 24 | $29.8M | $-26.3M |
现金转化率GSATHUT
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | 0.02× | ||
| Q2 25 | 8.22× | -0.36× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.45× | ||
| Q3 24 | 3.23× | -6.49× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.11× |
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
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
HUT
| High Performance Computing Colocation And Cloud | $81.9M | 93% |
| Power | $5.0M | 6% |
| Digital Infrastructure | $1.6M | 2% |
