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Globalstar, Inc.（GSAT）与PDF SOLUTIONS INC（PDFS）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PDF SOLUTIONS INC的1.2倍（$72.0M vs $62.4M），PDF SOLUTIONS INC净利率更高（-0.1% vs -16.1%，领先16.1%），PDF SOLUTIONS INC同比增速更快（24.6% vs 17.6%），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% 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。
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
GSAT vs PDFS — 直观对比
营收规模更大
GSAT
是对方的1.2倍
$62.4M
营收增速更快
PDFS
高出7.0%
17.6%
净利率更高
PDFS
高出16.1%
-16.1%
两年增速更快
PDFS
近两年复合增速
12.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $62.4M |
| 净利润 | $-11.6M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | -0.5% | 5.5% |
| 净利率 | -16.1% | -0.1% |
| 营收同比 | 17.6% | 24.6% |
| 净利润同比 | 76.9% | -108.9% |
| 每股收益（稀释后） | $-0.11 | $0.00 |
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GSATPDFS
| Q4 25 | $72.0M | $62.4M | ||
| Q3 25 | $73.8M | $57.1M | ||
| Q2 25 | $67.1M | $51.7M | ||
| Q1 25 | $60.0M | $47.8M | ||
| Q4 24 | $61.2M | $50.1M | ||
| Q3 24 | $72.3M | $46.4M | ||
| Q2 24 | $60.4M | $41.7M | ||
| Q1 24 | $56.5M | $41.3M |
净利润GSATPDFS
| Q4 25 | $-11.6M | $-48.0K | ||
| Q3 25 | $1.1M | $1.3M | ||
| Q2 25 | $19.2M | $1.1M | ||
| Q1 25 | $-17.3M | $-3.0M | ||
| Q4 24 | $-50.2M | $539.0K | ||
| Q3 24 | $9.9M | $2.2M | ||
| Q2 24 | $-9.7M | $1.7M | ||
| Q1 24 | $-13.2M | $-393.0K |
毛利率GSATPDFS
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 72.9% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 67.3% |
营业利润率GSATPDFS
| Q4 25 | -0.5% | 5.5% | ||
| Q3 25 | 13.8% | 8.5% | ||
| Q2 25 | 9.2% | 2.2% | ||
| Q1 25 | -14.2% | -7.4% | ||
| Q4 24 | -6.9% | 1.0% | ||
| Q3 24 | 13.0% | 4.6% | ||
| Q2 24 | -2.4% | 0.6% | ||
| Q1 24 | -8.3% | -4.7% |
净利率GSATPDFS
| Q4 25 | -16.1% | -0.1% | ||
| Q3 25 | 1.5% | 2.3% | ||
| Q2 25 | 28.6% | 2.2% | ||
| Q1 25 | -28.9% | -6.3% | ||
| Q4 24 | -82.1% | 1.1% | ||
| Q3 24 | 13.7% | 4.8% | ||
| Q2 24 | -16.0% | 4.1% | ||
| Q1 24 | -23.4% | -1.0% |
每股收益（稀释后）GSATPDFS
| Q4 25 | $-0.11 | $0.00 | ||
| Q3 25 | $-0.01 | $0.03 | ||
| Q2 25 | $0.13 | $0.03 | ||
| Q1 25 | $-0.16 | $-0.08 | ||
| Q4 24 | $-0.57 | $0.01 | ||
| Q3 24 | $0.00 | $0.06 | ||
| Q2 24 | $-0.01 | $0.04 | ||
| Q1 24 | $-0.01 | $-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 | $447.5M | $42.2M |
| 总债务越低越好 | $483.8M | $67.0M |
| 股东权益账面价值 | $355.7M | $271.0M |
| 总资产 | $2.3B | $418.7M |
| 负债/权益比越低杠杆越低 | 1.36× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资GSATPDFS
| Q4 25 | $447.5M | $42.2M | ||
| Q3 25 | $346.3M | $35.9M | ||
| Q2 25 | $308.2M | $40.4M | ||
| Q1 25 | $241.4M | $54.1M | ||
| Q4 24 | $391.2M | $114.9M | ||
| Q3 24 | $51.9M | $120.2M | ||
| Q2 24 | $64.3M | $117.9M | ||
| Q1 24 | $59.3M | $122.9M |
总债务GSATPDFS
| Q4 25 | $483.8M | $67.0M | ||
| Q3 25 | $508.6M | $67.6M | ||
| Q2 25 | $491.5M | $68.1M | ||
| Q1 25 | $502.7M | $68.7M | ||
| Q4 24 | $511.4M | — | ||
| Q3 24 | $394.4M | — | ||
| Q2 24 | $393.1M | — | ||
| Q1 24 | $398.7M | — |
股东权益GSATPDFS
| Q4 25 | $355.7M | $271.0M | ||
| Q3 25 | $364.8M | $264.4M | ||
| Q2 25 | $360.9M | $257.5M | ||
| Q1 25 | $344.3M | $249.0M | ||
| Q4 24 | $358.9M | $246.0M | ||
| Q3 24 | $394.1M | $240.5M | ||
| Q2 24 | $383.0M | $232.2M | ||
| Q1 24 | $377.1M | $225.4M |
总资产GSATPDFS
| Q4 25 | $2.3B | $418.7M | ||
| Q3 25 | $2.2B | $406.4M | ||
| Q2 25 | $1.9B | $391.1M | ||
| Q1 25 | $1.7B | $390.0M | ||
| Q4 24 | $1.7B | $315.3M | ||
| Q3 24 | $917.6M | $307.4M | ||
| Q2 24 | $926.2M | $298.0M | ||
| Q1 24 | $917.0M | $286.8M |
负债/权益比GSATPDFS
| Q4 25 | 1.36× | 0.25× | ||
| Q3 25 | 1.39× | 0.26× | ||
| Q2 25 | 1.36× | 0.26× | ||
| Q1 25 | 1.46× | 0.28× | ||
| 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 | $175.9M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | — | $7.5M |
| 自由现金流率自由现金流/营收 | — | 12.1% |
| 资本支出强度资本支出/营收 | — | 15.7% |
| 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 | — | $-8.6M |
8季度趋势，按日历期对齐
经营现金流GSATPDFS
| Q4 25 | $175.9M | $17.3M | ||
| Q3 25 | $236.0M | $3.3M | ||
| Q2 25 | $157.9M | $-5.2M | ||
| Q1 25 | $51.9M | $8.6M | ||
| Q4 24 | $340.7M | $1.6M | ||
| Q3 24 | $32.0M | $9.3M | ||
| Q2 24 | $36.7M | $684.0K | ||
| Q1 24 | $29.8M | $-1.9M |
自由现金流GSATPDFS
| Q4 25 | — | $7.5M | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | $-13.8M | ||
| Q1 25 | — | $535.0K | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $-3.9M |
自由现金流率GSATPDFS
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | -5.1% | ||
| Q2 25 | — | -26.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | -8.0% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | -11.1% | ||
| Q1 24 | — | -9.4% |
资本支出强度GSATPDFS
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 12.8% | ||
| Q1 24 | — | 4.9% |
现金转化率GSATPDFS
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | 2.54× | ||
| Q2 25 | 8.22× | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | 3.23× | 4.20× | ||
| Q2 24 | — | 0.40× | ||
| 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% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
