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Globalstar, Inc.（GSAT）与RE/MAX Holdings, Inc.（RMAX）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RE/MAX Holdings, Inc.的1.0倍（$72.0M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -16.1%，领先18.2%），Globalstar, Inc.同比增速更快（17.6% vs -1.8%），过去两年Globalstar, Inc.的营收复合增速更高（12.9% vs -4.7%）
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。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
GSAT vs RMAX — 直观对比
营收规模更大
GSAT
是对方的1.0倍
$71.1M
营收增速更快
GSAT
高出19.5%
-1.8%
净利率更高
RMAX
高出18.2%
-16.1%
两年增速更快
GSAT
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $71.1M |
| 净利润 | $-11.6M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | 13.1% |
| 净利率 | -16.1% | 2.0% |
| 营收同比 | 17.6% | -1.8% |
| 净利润同比 | 76.9% | -75.2% |
| 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GSATRMAX
| Q4 25 | $72.0M | $71.1M | ||
| Q3 25 | $73.8M | $73.2M | ||
| Q2 25 | $67.1M | $72.8M | ||
| Q1 25 | $60.0M | $74.5M | ||
| Q4 24 | $61.2M | $72.5M | ||
| Q3 24 | $72.3M | $78.5M | ||
| Q2 24 | $60.4M | $78.5M | ||
| Q1 24 | $56.5M | $78.3M |
净利润GSATRMAX
| Q4 25 | $-11.6M | $1.4M | ||
| Q3 25 | $1.1M | $4.0M | ||
| Q2 25 | $19.2M | $4.7M | ||
| Q1 25 | $-17.3M | $-2.0M | ||
| Q4 24 | $-50.2M | $5.8M | ||
| Q3 24 | $9.9M | $966.0K | ||
| Q2 24 | $-9.7M | $3.7M | ||
| Q1 24 | $-13.2M | $-3.4M |
营业利润率GSATRMAX
| Q4 25 | -0.5% | 13.1% | ||
| Q3 25 | 13.8% | 25.0% | ||
| Q2 25 | 9.2% | 19.3% | ||
| Q1 25 | -14.2% | 7.2% | ||
| Q4 24 | -6.9% | 5.9% | ||
| Q3 24 | 13.0% | 19.4% | ||
| Q2 24 | -2.4% | 20.6% | ||
| Q1 24 | -8.3% | 5.8% |
净利率GSATRMAX
| Q4 25 | -16.1% | 2.0% | ||
| Q3 25 | 1.5% | 5.4% | ||
| Q2 25 | 28.6% | 6.4% | ||
| Q1 25 | -28.9% | -2.6% | ||
| Q4 24 | -82.1% | 8.0% | ||
| Q3 24 | 13.7% | 1.2% | ||
| Q2 24 | -16.0% | 4.7% | ||
| Q1 24 | -23.4% | -4.3% |
每股收益（稀释后）GSATRMAX
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.01 | — | ||
| Q2 25 | $0.13 | — | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $-0.57 | — | ||
| Q3 24 | $0.00 | — | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-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 | $118.7M |
| 总债务越低越好 | $483.8M | $432.2M |
| 股东权益账面价值 | $355.7M | $452.4M |
| 总资产 | $2.3B | $582.5M |
| 负债/权益比越低杠杆越低 | 1.36× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资GSATRMAX
| Q4 25 | $447.5M | $118.7M | ||
| Q3 25 | $346.3M | $107.5M | ||
| Q2 25 | $308.2M | $94.3M | ||
| Q1 25 | $241.4M | $89.1M | ||
| Q4 24 | $391.2M | $96.6M | ||
| Q3 24 | $51.9M | $83.8M | ||
| Q2 24 | $64.3M | $66.1M | ||
| Q1 24 | $59.3M | $82.1M |
总债务GSATRMAX
| Q4 25 | $483.8M | $432.2M | ||
| Q3 25 | $508.6M | $433.3M | ||
| Q2 25 | $491.5M | $434.4M | ||
| Q1 25 | $502.7M | $435.3M | ||
| Q4 24 | $511.4M | $436.2M | ||
| Q3 24 | $394.4M | $437.2M | ||
| Q2 24 | $393.1M | $438.1M | ||
| Q1 24 | $398.7M | $439.0M |
股东权益GSATRMAX
| Q4 25 | $355.7M | $452.4M | ||
| Q3 25 | $364.8M | $448.1M | ||
| Q2 25 | $360.9M | $442.4M | ||
| Q1 25 | $344.3M | $433.5M | ||
| Q4 24 | $358.9M | $429.5M | ||
| Q3 24 | $394.1M | $423.1M | ||
| Q2 24 | $383.0M | $418.4M | ||
| Q1 24 | $377.1M | $412.0M |
总资产GSATRMAX
| Q4 25 | $2.3B | $582.5M | ||
| Q3 25 | $2.2B | $582.2M | ||
| Q2 25 | $1.9B | $574.8M | ||
| Q1 25 | $1.7B | $571.4M | ||
| Q4 24 | $1.7B | $581.6M | ||
| Q3 24 | $917.6M | $578.6M | ||
| Q2 24 | $926.2M | $571.4M | ||
| Q1 24 | $917.0M | $566.7M |
负债/权益比GSATRMAX
| Q4 25 | 1.36× | 0.96× | ||
| Q3 25 | 1.39× | 0.97× | ||
| Q2 25 | 1.36× | 0.98× | ||
| Q1 25 | 1.46× | 1.00× | ||
| Q4 24 | 1.43× | 1.02× | ||
| Q3 24 | 1.00× | 1.03× | ||
| Q2 24 | 1.03× | 1.05× | ||
| Q1 24 | 1.06× | 1.07× |
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 | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流GSATRMAX
| Q4 25 | $175.9M | $40.9M | ||
| Q3 25 | $236.0M | $17.7M | ||
| Q2 25 | $157.9M | $4.6M | ||
| Q1 25 | $51.9M | $5.7M | ||
| Q4 24 | $340.7M | $59.7M | ||
| Q3 24 | $32.0M | $17.6M | ||
| Q2 24 | $36.7M | $15.9M | ||
| Q1 24 | $29.8M | $9.4M |
自由现金流GSATRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率GSATRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度GSATRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率GSATRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 216.53× | 4.45× | ||
| Q2 25 | 8.22× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 3.23× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
