vs
Globalstar, Inc.（GSAT）与Ranpak Holdings Corp.（PACK）财务数据对比。点击上方公司名可切换其他公司
Ranpak Holdings Corp.的季度营收约是Globalstar, Inc.的1.3倍（$93.7M vs $72.0M），Globalstar, Inc.同比增速更快（17.6% vs 2.3%），过去两年Ranpak Holdings Corp.的营收复合增速更高（13.7% 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。
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
GSAT vs PACK — 直观对比
营收规模更大
PACK
是对方的1.3倍
$72.0M
营收增速更快
GSAT
高出15.3%
2.3%
两年增速更快
PACK
近两年复合增速
12.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $93.7M |
| 净利润 | $-11.6M | — |
| 毛利率 | — | 39.0% |
| 营业利润率 | -0.5% | -1.0% |
| 净利率 | -16.1% | — |
| 营收同比 | 17.6% | 2.3% |
| 净利润同比 | 76.9% | — |
| 每股收益（稀释后） | $-0.11 | $-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GSATPACK
| Q4 25 | $72.0M | $93.7M | ||
| Q3 25 | $73.8M | $83.6M | ||
| Q2 25 | $67.1M | $77.8M | ||
| Q1 25 | $60.0M | $77.6M | ||
| Q4 24 | $61.2M | $91.6M | ||
| Q3 24 | $72.3M | $78.6M | ||
| Q2 24 | $60.4M | $72.8M | ||
| Q1 24 | $56.5M | $72.5M |
净利润GSATPACK
| Q4 25 | $-11.6M | — | ||
| Q3 25 | $1.1M | $-10.4M | ||
| Q2 25 | $19.2M | $-7.5M | ||
| Q1 25 | $-17.3M | $-10.9M | ||
| Q4 24 | $-50.2M | — | ||
| Q3 24 | $9.9M | $-8.1M | ||
| Q2 24 | $-9.7M | $5.5M | ||
| Q1 24 | $-13.2M | $-8.1M |
毛利率GSATPACK
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 44.6% |
营业利润率GSATPACK
| Q4 25 | -0.5% | -1.0% | ||
| Q3 25 | 13.8% | -6.8% | ||
| Q2 25 | 9.2% | -12.5% | ||
| Q1 25 | -14.2% | -10.3% | ||
| Q4 24 | -6.9% | 1.5% | ||
| Q3 24 | 13.0% | -5.3% | ||
| Q2 24 | -2.4% | -7.1% | ||
| Q1 24 | -8.3% | -6.6% |
净利率GSATPACK
| Q4 25 | -16.1% | — | ||
| Q3 25 | 1.5% | -12.4% | ||
| Q2 25 | 28.6% | -9.6% | ||
| Q1 25 | -28.9% | -14.0% | ||
| Q4 24 | -82.1% | — | ||
| Q3 24 | 13.7% | -10.3% | ||
| Q2 24 | -16.0% | 7.6% | ||
| Q1 24 | -23.4% | -11.2% |
每股收益（稀释后）GSATPACK
| Q4 25 | $-0.11 | $-0.11 | ||
| Q3 25 | $-0.01 | $-0.12 | ||
| Q2 25 | $0.13 | $-0.09 | ||
| Q1 25 | $-0.16 | $-0.13 | ||
| Q4 24 | $-0.57 | $-0.13 | ||
| Q3 24 | $0.00 | $-0.10 | ||
| Q2 24 | $-0.01 | $0.07 | ||
| Q1 24 | $-0.01 | $-0.10 |
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 | $63.0M |
| 总债务越低越好 | $483.8M | $401.9M |
| 股东权益账面价值 | $355.7M | $534.9M |
| 总资产 | $2.3B | $1.1B |
| 负债/权益比越低杠杆越低 | 1.36× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资GSATPACK
| Q4 25 | $447.5M | $63.0M | ||
| Q3 25 | $346.3M | $49.9M | ||
| Q2 25 | $308.2M | $49.2M | ||
| Q1 25 | $241.4M | $65.5M | ||
| Q4 24 | $391.2M | $76.1M | ||
| Q3 24 | $51.9M | $69.5M | ||
| Q2 24 | $64.3M | $65.1M | ||
| Q1 24 | $59.3M | $55.1M |
总债务GSATPACK
| Q4 25 | $483.8M | $401.9M | ||
| Q3 25 | $508.6M | $403.1M | ||
| Q2 25 | $491.5M | $403.1M | ||
| Q1 25 | $502.7M | $405.2M | ||
| Q4 24 | $511.4M | $406.4M | ||
| Q3 24 | $394.4M | $403.2M | ||
| Q2 24 | $393.1M | $396.1M | ||
| Q1 24 | $398.7M | $396.7M |
股东权益GSATPACK
| Q4 25 | $355.7M | $534.9M | ||
| Q3 25 | $364.8M | $537.8M | ||
| Q2 25 | $360.9M | $539.0M | ||
| Q1 25 | $344.3M | $544.1M | ||
| Q4 24 | $358.9M | $548.1M | ||
| Q3 24 | $394.1M | $564.3M | ||
| Q2 24 | $383.0M | $566.2M | ||
| Q1 24 | $377.1M | $560.0M |
总资产GSATPACK
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $1.9B | $1.1B | ||
| 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 |
负债/权益比GSATPACK
| Q4 25 | 1.36× | 0.75× | ||
| Q3 25 | 1.39× | 0.75× | ||
| Q2 25 | 1.36× | 0.75× | ||
| Q1 25 | 1.46× | 0.74× | ||
| Q4 24 | 1.43× | 0.74× | ||
| Q3 24 | 1.00× | 0.71× | ||
| Q2 24 | 1.03× | 0.70× | ||
| Q1 24 | 1.06× | 0.71× |
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 | $19.5M |
| 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GSATPACK
| Q4 25 | $175.9M | $19.5M | ||
| Q3 25 | $236.0M | $8.5M | ||
| Q2 25 | $157.9M | $-3.6M | ||
| Q1 25 | $51.9M | $-1.3M | ||
| Q4 24 | $340.7M | $6.5M | ||
| Q3 24 | $32.0M | $10.1M | ||
| Q2 24 | $36.7M | $19.6M | ||
| Q1 24 | $29.8M | $5.2M |
现金转化率GSATPACK
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | — | ||
| Q2 24 | — | 3.56× | ||
| 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
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
