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Globalstar, Inc.（GSAT）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
Planet Labs PBC的季度营收约是Globalstar, Inc.的1.1倍（$81.3M vs $72.0M），Globalstar, Inc.净利率更高（-16.1% vs -72.8%，领先56.7%），Planet Labs PBC同比增速更快（32.6% vs 17.6%），过去两年Planet Labs PBC的营收复合增速更高（17.5% 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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
GSAT vs PL — 直观对比
营收规模更大
PL
是对方的1.1倍
$72.0M
营收增速更快
PL
高出15.0%
17.6%
净利率更高
GSAT
高出56.7%
-72.8%
两年增速更快
PL
近两年复合增速
12.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $81.3M |
| 净利润 | $-11.6M | $-59.2M |
| 毛利率 | — | 57.3% |
| 营业利润率 | -0.5% | -22.6% |
| 净利率 | -16.1% | -72.8% |
| 营收同比 | 17.6% | 32.6% |
| 净利润同比 | 76.9% | -194.7% |
| 每股收益（稀释后） | $-0.11 | $-0.19 |
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GSATPL
| Q4 25 | $72.0M | $81.3M | ||
| Q3 25 | $73.8M | $73.4M | ||
| Q2 25 | $67.1M | $66.3M | ||
| Q1 25 | $60.0M | $61.6M | ||
| Q4 24 | $61.2M | $61.3M | ||
| Q3 24 | $72.3M | $61.1M | ||
| Q2 24 | $60.4M | $60.4M | ||
| Q1 24 | $56.5M | $58.9M |
净利润GSATPL
| Q4 25 | $-11.6M | $-59.2M | ||
| Q3 25 | $1.1M | $-22.6M | ||
| Q2 25 | $19.2M | $-12.6M | ||
| Q1 25 | $-17.3M | $-35.2M | ||
| Q4 24 | $-50.2M | $-20.1M | ||
| Q3 24 | $9.9M | $-38.7M | ||
| Q2 24 | $-9.7M | $-29.3M | ||
| Q1 24 | $-13.2M | $-30.1M |
毛利率GSATPL
| Q4 25 | — | 57.3% | ||
| Q3 25 | — | 57.6% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.2% | ||
| Q3 24 | — | 52.9% | ||
| Q2 24 | — | 52.4% | ||
| Q1 24 | — | 55.2% |
营业利润率GSATPL
| Q4 25 | -0.5% | -22.6% | ||
| Q3 25 | 13.8% | -24.5% | ||
| Q2 25 | 9.2% | -34.4% | ||
| Q1 25 | -14.2% | -31.5% | ||
| Q4 24 | -6.9% | -36.9% | ||
| Q3 24 | 13.0% | -64.8% | ||
| Q2 24 | -2.4% | -57.2% | ||
| Q1 24 | -8.3% | -57.6% |
净利率GSATPL
| Q4 25 | -16.1% | -72.8% | ||
| Q3 25 | 1.5% | -30.8% | ||
| Q2 25 | 28.6% | -19.1% | ||
| Q1 25 | -28.9% | -57.1% | ||
| Q4 24 | -82.1% | -32.8% | ||
| Q3 24 | 13.7% | -63.3% | ||
| Q2 24 | -16.0% | -48.5% | ||
| Q1 24 | -23.4% | -51.1% |
每股收益（稀释后）GSATPL
| Q4 25 | $-0.11 | $-0.19 | ||
| Q3 25 | $-0.01 | $-0.07 | ||
| Q2 25 | $0.13 | $-0.04 | ||
| Q1 25 | $-0.16 | $-0.12 | ||
| Q4 24 | $-0.57 | $-0.07 | ||
| Q3 24 | $0.00 | $-0.13 | ||
| Q2 24 | $-0.01 | $-0.10 | ||
| 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 | $443.3M |
| 总债务越低越好 | $483.8M | — |
| 股东权益账面价值 | $355.7M | $349.6M |
| 总资产 | $2.3B | $1.1B |
| 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GSATPL
| Q4 25 | $447.5M | $443.3M | ||
| Q3 25 | $346.3M | $181.1M | ||
| Q2 25 | $308.2M | $133.5M | ||
| Q1 25 | $241.4M | $118.0M | ||
| Q4 24 | $391.2M | $139.0M | ||
| Q3 24 | $51.9M | $148.3M | ||
| Q2 24 | $64.3M | $107.4M | ||
| Q1 24 | $59.3M | $83.9M |
总债务GSATPL
| Q4 25 | $483.8M | — | ||
| Q3 25 | $508.6M | — | ||
| Q2 25 | $491.5M | — | ||
| Q1 25 | $502.7M | — | ||
| Q4 24 | $511.4M | — | ||
| Q3 24 | $394.4M | — | ||
| Q2 24 | $393.1M | — | ||
| Q1 24 | $398.7M | — |
股东权益GSATPL
| Q4 25 | $355.7M | $349.6M | ||
| Q3 25 | $364.8M | $435.7M | ||
| Q2 25 | $360.9M | $444.8M | ||
| Q1 25 | $344.3M | $441.3M | ||
| Q4 24 | $358.9M | $464.6M | ||
| Q3 24 | $394.1M | $473.2M | ||
| Q2 24 | $383.0M | $500.3M | ||
| Q1 24 | $377.1M | $518.0M |
总资产GSATPL
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | $2.2B | $696.4M | ||
| Q2 25 | $1.9B | $658.4M | ||
| Q1 25 | $1.7B | $633.8M | ||
| Q4 24 | $1.7B | $630.8M | ||
| Q3 24 | $917.6M | $658.4M | ||
| Q2 24 | $926.2M | $674.6M | ||
| Q1 24 | $917.0M | $702.0M |
负债/权益比GSATPL
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.46× | — | ||
| 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 | $28.6M |
| 自由现金流经营现金流 - 资本支出 | — | $1.9M |
| 自由现金流率自由现金流/营收 | — | 2.3% |
| 资本支出强度资本支出/营收 | — | 32.9% |
| 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 | — | $40.7M |
8季度趋势，按日历期对齐
经营现金流GSATPL
| Q4 25 | $175.9M | $28.6M | ||
| Q3 25 | $236.0M | $67.8M | ||
| Q2 25 | $157.9M | $17.3M | ||
| Q1 25 | $51.9M | $-6.3M | ||
| Q4 24 | $340.7M | $4.1M | ||
| Q3 24 | $32.0M | $-7.9M | ||
| Q2 24 | $36.7M | $-4.3M | ||
| Q1 24 | $29.8M | $-6.8M |
自由现金流GSATPL
| Q4 25 | — | $1.9M | ||
| Q3 25 | — | $47.5M | ||
| Q2 25 | — | $9.2M | ||
| Q1 25 | — | $-17.9M | ||
| Q4 24 | — | $-3.6M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $-14.2M | ||
| Q1 24 | — | $-15.7M |
自由现金流率GSATPL
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | -29.1% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | — | -37.6% | ||
| Q2 24 | — | -23.6% | ||
| Q1 24 | — | -26.7% |
资本支出强度GSATPL
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 15.1% |
现金转化率GSATPL
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | — | ||
| Q2 24 | — | — | ||
| 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% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
