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Globalstar, Inc.（GSAT）与Repay Holdings Corp（RPAY）财务数据对比。点击上方公司名可切换其他公司
Repay Holdings Corp的季度营收约是Globalstar, Inc.的1.1倍（$78.6M vs $72.0M），Globalstar, Inc.净利率更高（-16.1% vs -178.3%，领先162.1%），Globalstar, Inc.同比增速更快（17.6% vs 0.4%），过去两年Globalstar, Inc.的营收复合增速更高（12.9% vs -1.3%）
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。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
GSAT vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.1倍
$72.0M
营收增速更快
GSAT
高出17.2%
0.4%
净利率更高
GSAT
高出162.1%
-178.3%
两年增速更快
GSAT
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $78.6M |
| 净利润 | $-11.6M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | -0.5% | -182.2% |
| 净利率 | -16.1% | -178.3% |
| 营收同比 | 17.6% | 0.4% |
| 净利润同比 | 76.9% | -3304.1% |
| 每股收益（稀释后） | $-0.11 | $-1.68 |
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GSATRPAY
| Q4 25 | $72.0M | $78.6M | ||
| Q3 25 | $73.8M | $77.7M | ||
| Q2 25 | $67.1M | $75.6M | ||
| Q1 25 | $60.0M | $77.3M | ||
| Q4 24 | $61.2M | $78.3M | ||
| Q3 24 | $72.3M | $79.1M | ||
| Q2 24 | $60.4M | $74.9M | ||
| Q1 24 | $56.5M | $80.7M |
净利润GSATRPAY
| Q4 25 | $-11.6M | $-140.1M | ||
| Q3 25 | $1.1M | $-6.4M | ||
| Q2 25 | $19.2M | $-102.3M | ||
| Q1 25 | $-17.3M | $-7.9M | ||
| Q4 24 | $-50.2M | $-4.1M | ||
| Q3 24 | $9.9M | $3.2M | ||
| Q2 24 | $-9.7M | $-4.1M | ||
| Q1 24 | $-13.2M | $-5.2M |
毛利率GSATRPAY
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
营业利润率GSATRPAY
| Q4 25 | -0.5% | -182.2% | ||
| Q3 25 | 13.8% | -3.9% | ||
| Q2 25 | 9.2% | -138.7% | ||
| Q1 25 | -14.2% | -4.7% | ||
| Q4 24 | -6.9% | -1.5% | ||
| Q3 24 | 13.0% | -0.9% | ||
| Q2 24 | -2.4% | -4.6% | ||
| Q1 24 | -8.3% | -3.1% |
净利率GSATRPAY
| Q4 25 | -16.1% | -178.3% | ||
| Q3 25 | 1.5% | -8.3% | ||
| Q2 25 | 28.6% | -135.2% | ||
| Q1 25 | -28.9% | -10.3% | ||
| Q4 24 | -82.1% | -5.3% | ||
| Q3 24 | 13.7% | 4.1% | ||
| Q2 24 | -16.0% | -5.4% | ||
| Q1 24 | -23.4% | -6.5% |
每股收益（稀释后）GSATRPAY
| Q4 25 | $-0.11 | $-1.68 | ||
| Q3 25 | $-0.01 | $-0.08 | ||
| Q2 25 | $0.13 | $-1.15 | ||
| Q1 25 | $-0.16 | $-0.09 | ||
| Q4 24 | $-0.57 | $-0.04 | ||
| Q3 24 | $0.00 | $0.03 | ||
| Q2 24 | $-0.01 | $-0.04 | ||
| Q1 24 | $-0.01 | $-0.06 |
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 | $115.7M |
| 总债务越低越好 | $483.8M | $280.1M |
| 股东权益账面价值 | $355.7M | $484.4M |
| 总资产 | $2.3B | $1.2B |
| 负债/权益比越低杠杆越低 | 1.36× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资GSATRPAY
| Q4 25 | $447.5M | $115.7M | ||
| Q3 25 | $346.3M | $95.7M | ||
| Q2 25 | $308.2M | $162.6M | ||
| Q1 25 | $241.4M | $165.5M | ||
| Q4 24 | $391.2M | $189.5M | ||
| Q3 24 | $51.9M | $168.7M | ||
| Q2 24 | $64.3M | $147.1M | ||
| Q1 24 | $59.3M | $128.3M |
总债务GSATRPAY
| Q4 25 | $483.8M | $280.1M | ||
| Q3 25 | $508.6M | $279.5M | ||
| Q2 25 | $491.5M | $279.0M | ||
| Q1 25 | $502.7M | $497.6M | ||
| Q4 24 | $511.4M | $496.8M | ||
| Q3 24 | $394.4M | $496.2M | ||
| Q2 24 | $393.1M | $435.6M | ||
| Q1 24 | $398.7M | $434.9M |
股东权益GSATRPAY
| Q4 25 | $355.7M | $484.4M | ||
| Q3 25 | $364.8M | $616.9M | ||
| Q2 25 | $360.9M | $633.7M | ||
| Q1 25 | $344.3M | $755.7M | ||
| Q4 24 | $358.9M | $761.3M | ||
| Q3 24 | $394.1M | $754.7M | ||
| Q2 24 | $383.0M | $815.4M | ||
| Q1 24 | $377.1M | $813.8M |
总资产GSATRPAY
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.7B | $1.6B | ||
| Q3 24 | $917.6M | $1.6B | ||
| Q2 24 | $926.2M | $1.5B | ||
| Q1 24 | $917.0M | $1.5B |
负债/权益比GSATRPAY
| Q4 25 | 1.36× | 0.58× | ||
| Q3 25 | 1.39× | 0.45× | ||
| Q2 25 | 1.36× | 0.44× | ||
| Q1 25 | 1.46× | 0.66× | ||
| Q4 24 | 1.43× | 0.65× | ||
| Q3 24 | 1.00× | 0.66× | ||
| Q2 24 | 1.03× | 0.53× | ||
| Q1 24 | 1.06× | 0.53× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $23.2M |
| 自由现金流率自由现金流/营收 | — | 29.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $90.7M |
8季度趋势，按日历期对齐
经营现金流GSATRPAY
| Q4 25 | $175.9M | $23.3M | ||
| Q3 25 | $236.0M | $32.2M | ||
| Q2 25 | $157.9M | $33.1M | ||
| Q1 25 | $51.9M | $2.5M | ||
| Q4 24 | $340.7M | $34.3M | ||
| Q3 24 | $32.0M | $60.1M | ||
| Q2 24 | $36.7M | $31.0M | ||
| Q1 24 | $29.8M | $24.8M |
自由现金流GSATRPAY
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $24.7M |
自由现金流率GSATRPAY
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 30.6% |
资本支出强度GSATRPAY
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.1% |
现金转化率GSATRPAY
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
