vs
Globalstar, Inc.（GSAT）与Limbach Holdings, Inc.（LMB）财务数据对比。点击上方公司名可切换其他公司
Limbach Holdings, Inc.的季度营收约是Globalstar, Inc.的1.9倍（$138.9M vs $72.0M），Limbach Holdings, Inc.净利率更高（3.2% vs -16.1%，领先19.3%），Globalstar, Inc.同比增速更快（17.6% vs 4.3%），过去两年Globalstar, Inc.的营收复合增速更高（12.9% vs 6.6%）
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。
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
GSAT vs LMB — 直观对比
营收规模更大
LMB
是对方的1.9倍
$72.0M
营收增速更快
GSAT
高出13.3%
4.3%
净利率更高
LMB
高出19.3%
-16.1%
两年增速更快
GSAT
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $138.9M |
| 净利润 | $-11.6M | $4.4M |
| 毛利率 | — | 22.4% |
| 营业利润率 | -0.5% | 0.8% |
| 净利率 | -16.1% | 3.2% |
| 营收同比 | 17.6% | 4.3% |
| 净利润同比 | 76.9% | — |
| 每股收益（稀释后） | $-0.11 | $0.36 |
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GSATLMB
| Q1 26 | — | $138.9M | ||
| Q4 25 | $72.0M | $186.9M | ||
| Q3 25 | $73.8M | $184.6M | ||
| Q2 25 | $67.1M | $142.2M | ||
| Q1 25 | $60.0M | $133.1M | ||
| Q4 24 | $61.2M | $143.7M | ||
| Q3 24 | $72.3M | $133.9M | ||
| Q2 24 | $60.4M | $122.2M |
净利润GSATLMB
| Q1 26 | — | $4.4M | ||
| Q4 25 | $-11.6M | $12.3M | ||
| Q3 25 | $1.1M | $8.8M | ||
| Q2 25 | $19.2M | $7.8M | ||
| Q1 25 | $-17.3M | $10.2M | ||
| Q4 24 | $-50.2M | $9.8M | ||
| Q3 24 | $9.9M | $7.5M | ||
| Q2 24 | $-9.7M | $6.0M |
毛利率GSATLMB
| Q1 26 | — | 22.4% | ||
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 27.0% | ||
| Q2 24 | — | 27.4% |
营业利润率GSATLMB
| Q1 26 | — | 0.8% | ||
| Q4 25 | -0.5% | 9.4% | ||
| Q3 25 | 13.8% | 7.2% | ||
| Q2 25 | 9.2% | 7.5% | ||
| Q1 25 | -14.2% | 5.9% | ||
| Q4 24 | -6.9% | 9.1% | ||
| Q3 24 | 13.0% | 8.1% | ||
| Q2 24 | -2.4% | 6.7% |
净利率GSATLMB
| Q1 26 | — | 3.2% | ||
| Q4 25 | -16.1% | 6.6% | ||
| Q3 25 | 1.5% | 4.8% | ||
| Q2 25 | 28.6% | 5.5% | ||
| Q1 25 | -28.9% | 7.7% | ||
| Q4 24 | -82.1% | 6.9% | ||
| Q3 24 | 13.7% | 5.6% | ||
| Q2 24 | -16.0% | 4.9% |
每股收益（稀释后）GSATLMB
| Q1 26 | — | $0.36 | ||
| Q4 25 | $-0.11 | $1.01 | ||
| Q3 25 | $-0.01 | $0.73 | ||
| Q2 25 | $0.13 | $0.64 | ||
| Q1 25 | $-0.16 | $0.85 | ||
| Q4 24 | $-0.57 | $0.81 | ||
| Q3 24 | $0.00 | $0.62 | ||
| Q2 24 | $-0.01 | $0.50 |
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 | $15.8M |
| 总债务越低越好 | $483.8M | $56.6M |
| 股东权益账面价值 | $355.7M | $196.3M |
| 总资产 | $2.3B | $377.0M |
| 负债/权益比越低杠杆越低 | 1.36× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资GSATLMB
| Q1 26 | — | $15.8M | ||
| Q4 25 | $447.5M | $11.3M | ||
| Q3 25 | $346.3M | $9.8M | ||
| Q2 25 | $308.2M | $38.9M | ||
| Q1 25 | $241.4M | $38.1M | ||
| Q4 24 | $391.2M | $44.9M | ||
| Q3 24 | $51.9M | $51.2M | ||
| Q2 24 | $64.3M | $59.5M |
总债务GSATLMB
| Q1 26 | — | $56.6M | ||
| Q4 25 | $483.8M | $30.5M | ||
| Q3 25 | $508.6M | $56.3M | ||
| Q2 25 | $491.5M | $28.4M | ||
| Q1 25 | $502.7M | $23.7M | ||
| Q4 24 | $511.4M | $23.6M | ||
| Q3 24 | $394.4M | $20.5M | ||
| Q2 24 | $393.1M | $19.7M |
股东权益GSATLMB
| Q1 26 | — | $196.3M | ||
| Q4 25 | $355.7M | $195.7M | ||
| Q3 25 | $364.8M | $181.6M | ||
| Q2 25 | $360.9M | $170.5M | ||
| Q1 25 | $344.3M | $161.1M | ||
| Q4 24 | $358.9M | $153.5M | ||
| Q3 24 | $394.1M | $142.2M | ||
| Q2 24 | $383.0M | $133.0M |
总资产GSATLMB
| Q1 26 | — | $377.0M | ||
| Q4 25 | $2.3B | $381.1M | ||
| Q3 25 | $2.2B | $409.1M | ||
| Q2 25 | $1.9B | $343.0M | ||
| Q1 25 | $1.7B | $336.4M | ||
| Q4 24 | $1.7B | $352.1M | ||
| Q3 24 | $917.6M | $324.4M | ||
| Q2 24 | $926.2M | $303.9M |
负债/权益比GSATLMB
| Q1 26 | — | 0.29× | ||
| Q4 25 | 1.36× | 0.16× | ||
| Q3 25 | 1.39× | 0.31× | ||
| Q2 25 | 1.36× | 0.17× | ||
| Q1 25 | 1.46× | 0.15× | ||
| Q4 24 | 1.43× | 0.15× | ||
| Q3 24 | 1.00× | 0.14× | ||
| Q2 24 | 1.03× | 0.15× |
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 | — | — |
| 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GSATLMB
| Q1 26 | — | — | ||
| Q4 25 | $175.9M | $28.1M | ||
| Q3 25 | $236.0M | $13.3M | ||
| Q2 25 | $157.9M | $2.0M | ||
| Q1 25 | $51.9M | $2.2M | ||
| Q4 24 | $340.7M | $19.3M | ||
| Q3 24 | $32.0M | $4.9M | ||
| Q2 24 | $36.7M | $16.5M |
自由现金流GSATLMB
| Q1 26 | — | — | ||
| Q4 25 | — | $27.9M | ||
| Q3 25 | — | $12.8M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $11.0K | ||
| Q4 24 | — | $18.0M | ||
| Q3 24 | — | $4.6M | ||
| Q2 24 | — | $13.2M |
自由现金流率GSATLMB
| Q1 26 | — | — | ||
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 10.8% |
资本支出强度GSATLMB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 2.7% |
现金转化率GSATLMB
| Q1 26 | — | — | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | 216.53× | 1.52× | ||
| Q2 25 | 8.22× | 0.26× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 3.23× | 0.66× | ||
| Q2 24 | — | 2.77× |
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% |
LMB
| ODR | $99.8M | 72% |
| GCR | $39.0M | 28% |
