vs
Globalstar, Inc.（GSAT）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
铱星通信的季度营收约是Globalstar, Inc.的3.0倍（$219.1M vs $72.0M）。铱星通信净利率更高（9.9% vs -16.1%，领先26.0%）。Globalstar, Inc.同比增速更快（17.6% vs 1.9%）。过去两年Globalstar, Inc.的营收复合增速更高（12.9% vs 4.4%）
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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
GSAT vs IRDM — 直观对比
营收规模更大
IRDM
是对方的3.0倍
$72.0M
营收增速更快
GSAT
高出15.7%
1.9%
净利率更高
IRDM
高出26.0%
-16.1%
两年增速更快
GSAT
近两年复合增速
4.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $219.1M |
| 净利润 | $-11.6M | $21.6M |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | 23.2% |
| 净利率 | -16.1% | 9.9% |
| 营收同比 | 17.6% | 1.9% |
| 净利润同比 | 76.9% | -29.0% |
| 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GSATIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $72.0M | $212.9M | ||
| Q3 25 | $73.8M | $226.9M | ||
| Q2 25 | $67.1M | $216.9M | ||
| Q1 25 | $60.0M | $214.9M | ||
| Q4 24 | $61.2M | $213.0M | ||
| Q3 24 | $72.3M | $212.8M | ||
| Q2 24 | $60.4M | $201.1M |
净利润GSATIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-11.6M | $24.9M | ||
| Q3 25 | $1.1M | $37.1M | ||
| Q2 25 | $19.2M | $22.0M | ||
| Q1 25 | $-17.3M | $30.4M | ||
| Q4 24 | $-50.2M | $36.3M | ||
| Q3 24 | $9.9M | $24.4M | ||
| Q2 24 | $-9.7M | $32.3M |
营业利润率GSATIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | -0.5% | 25.9% | ||
| Q3 25 | 13.8% | 30.9% | ||
| Q2 25 | 9.2% | 23.2% | ||
| Q1 25 | -14.2% | 28.1% | ||
| Q4 24 | -6.9% | 24.5% | ||
| Q3 24 | 13.0% | 25.8% | ||
| Q2 24 | -2.4% | 21.7% |
净利率GSATIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | -16.1% | 11.7% | ||
| Q3 25 | 1.5% | 16.4% | ||
| Q2 25 | 28.6% | 10.1% | ||
| Q1 25 | -28.9% | 14.2% | ||
| Q4 24 | -82.1% | 17.1% | ||
| Q3 24 | 13.7% | 11.5% | ||
| Q2 24 | -16.0% | 16.1% |
每股收益（稀释后）GSATIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-0.11 | $0.24 | ||
| Q3 25 | $-0.01 | $0.35 | ||
| Q2 25 | $0.13 | $0.20 | ||
| Q1 25 | $-0.16 | $0.27 | ||
| Q4 24 | $-0.57 | $0.30 | ||
| Q3 24 | $0.00 | $0.21 | ||
| Q2 24 | $-0.01 | $0.27 |
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 | — |
| 总债务越低越好 | $483.8M | — |
| 股东权益账面价值 | $355.7M | — |
| 总资产 | $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GSATIRDM
| Q1 26 | — | — | ||
| Q4 25 | $447.5M | $96.5M | ||
| Q3 25 | $346.3M | $88.5M | ||
| Q2 25 | $308.2M | $79.3M | ||
| Q1 25 | $241.4M | $50.9M | ||
| Q4 24 | $391.2M | $93.5M | ||
| Q3 24 | $51.9M | $159.6M | ||
| Q2 24 | $64.3M | $63.5M |
总债务GSATIRDM
| Q1 26 | — | — | ||
| Q4 25 | $483.8M | $1.8B | ||
| Q3 25 | $508.6M | — | ||
| Q2 25 | $491.5M | — | ||
| Q1 25 | $502.7M | — | ||
| Q4 24 | $511.4M | $1.8B | ||
| Q3 24 | $394.4M | — | ||
| Q2 24 | $393.1M | — |
股东权益GSATIRDM
| Q1 26 | — | — | ||
| Q4 25 | $355.7M | $462.6M | ||
| Q3 25 | $364.8M | $450.5M | ||
| Q2 25 | $360.9M | $473.6M | ||
| Q1 25 | $344.3M | $518.4M | ||
| Q4 24 | $358.9M | $576.6M | ||
| Q3 24 | $394.1M | $663.8M | ||
| Q2 24 | $383.0M | $786.7M |
总资产GSATIRDM
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.7B | $2.7B | ||
| Q3 24 | $917.6M | $2.8B | ||
| Q2 24 | $926.2M | $2.7B |
负债/权益比GSATIRDM
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 3.80× | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | 1.43× | 3.05× | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.03× | — |
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 | — |
| 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 | — | 13.7% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流GSATIRDM
| Q1 26 | — | — | ||
| Q4 25 | $175.9M | $108.6M | ||
| Q3 25 | $236.0M | $100.8M | ||
| Q2 25 | $157.9M | $129.6M | ||
| Q1 25 | $51.9M | $61.1M | ||
| Q4 24 | $340.7M | $104.8M | ||
| Q3 24 | $32.0M | $118.6M | ||
| Q2 24 | $36.7M | $81.1M |
自由现金流GSATIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | $75.1M | ||
| Q3 25 | — | $79.2M | ||
| Q2 25 | — | $108.9M | ||
| Q1 25 | — | $36.5M | ||
| Q4 24 | — | $80.5M | ||
| Q3 24 | — | $100.0M | ||
| Q2 24 | — | $68.7M |
自由现金流率GSATIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | 35.3% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | — | 50.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | 34.2% |
资本支出强度GSATIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 6.2% |
现金转化率GSATIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | 216.53× | 2.71× | ||
| Q2 25 | 8.22× | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | 3.23× | 4.85× | ||
| Q2 24 | — | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $43.9M | 20% |
| Government | $35.8M | 16% |
| Government service revenue (5) | $26.8M | 12% |
| Subscriber equipment | $23.1M | 11% |
| Hosted payload and other data service (4) | $14.9M | 7% |
| Broadband (3) | $12.9M | 6% |
| Commercial | $1.6M | 1% |
