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Globalstar, Inc.（GSAT）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是Globalstar, Inc.的52.8倍（$3.8B vs $72.0M）。Globalstar, Inc.净利率更高（-16.1% vs -31.8%，领先15.7%）。Globalstar, Inc.同比增速更快（17.6% vs -4.3%）。过去两年Globalstar, Inc.的营收复合增速更高（12.9% vs -2.8%）
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。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
GSAT vs SATS — 直观对比
营收规模更大
SATS
是对方的52.8倍
$72.0M
营收增速更快
GSAT
高出21.9%
-4.3%
净利率更高
GSAT
高出15.7%
-31.8%
两年增速更快
GSAT
近两年复合增速
-2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $3.8B |
| 净利润 | $-11.6M | $-1.2B |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | -20.5% |
| 净利率 | -16.1% | -31.8% |
| 营收同比 | 17.6% | -4.3% |
| 净利润同比 | 76.9% | -460.1% |
| 每股收益（稀释后） | $-0.11 | $-4.27 |
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GSATSATS
| Q4 25 | $72.0M | $3.8B | ||
| Q3 25 | $73.8M | $3.6B | ||
| Q2 25 | $67.1M | $3.7B | ||
| Q1 25 | $60.0M | $3.9B | ||
| Q4 24 | $61.2M | $4.0B | ||
| Q3 24 | $72.3M | $3.9B | ||
| Q2 24 | $60.4M | $4.0B | ||
| Q1 24 | $56.5M | $4.0B |
净利润GSATSATS
| Q4 25 | $-11.6M | $-1.2B | ||
| Q3 25 | $1.1M | $-12.8B | ||
| Q2 25 | $19.2M | $-306.1M | ||
| Q1 25 | $-17.3M | $-202.7M | ||
| Q4 24 | $-50.2M | $335.2M | ||
| Q3 24 | $9.9M | $-141.8M | ||
| Q2 24 | $-9.7M | $-205.6M | ||
| Q1 24 | $-13.2M | $-107.4M |
营业利润率GSATSATS
| Q4 25 | -0.5% | -20.5% | ||
| Q3 25 | 13.8% | -460.5% | ||
| Q2 25 | 9.2% | -5.7% | ||
| Q1 25 | -14.2% | -2.3% | ||
| Q4 24 | -6.9% | -1.6% | ||
| Q3 24 | 13.0% | -4.1% | ||
| Q2 24 | -2.4% | -1.7% | ||
| Q1 24 | -8.3% | -0.4% |
净利率GSATSATS
| Q4 25 | -16.1% | -31.8% | ||
| Q3 25 | 1.5% | -353.6% | ||
| Q2 25 | 28.6% | -8.2% | ||
| Q1 25 | -28.9% | -5.2% | ||
| Q4 24 | -82.1% | 8.5% | ||
| Q3 24 | 13.7% | -3.6% | ||
| Q2 24 | -16.0% | -5.2% | ||
| Q1 24 | -23.4% | -2.7% |
每股收益（稀释后）GSATSATS
| Q4 25 | $-0.11 | $-4.27 | ||
| Q3 25 | $-0.01 | $-44.37 | ||
| Q2 25 | $0.13 | $-1.06 | ||
| Q1 25 | $-0.16 | $-0.71 | ||
| Q4 24 | $-0.57 | $1.24 | ||
| Q3 24 | $0.00 | $-0.52 | ||
| Q2 24 | $-0.01 | $-0.76 | ||
| Q1 24 | $-0.01 | $-0.40 |
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 | $3.0B |
| 总债务越低越好 | $483.8M | $18.7B |
| 股东权益账面价值 | $355.7M | $5.8B |
| 总资产 | $2.3B | $43.0B |
| 负债/权益比越低杠杆越低 | 1.36× | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资GSATSATS
| Q4 25 | $447.5M | $3.0B | ||
| Q3 25 | $346.3M | $3.9B | ||
| Q2 25 | $308.2M | $4.3B | ||
| Q1 25 | $241.4M | $5.1B | ||
| Q4 24 | $391.2M | $5.5B | ||
| Q3 24 | $51.9M | $674.4M | ||
| Q2 24 | $64.3M | $520.6M | ||
| Q1 24 | $59.3M | $766.4M |
总债务GSATSATS
| Q4 25 | $483.8M | $18.7B | ||
| Q3 25 | $508.6M | $21.8B | ||
| Q2 25 | $491.5M | $25.4B | ||
| Q1 25 | $502.7M | $25.3B | ||
| Q4 24 | $511.4M | $25.7B | ||
| Q3 24 | $394.4M | — | ||
| Q2 24 | $393.1M | — | ||
| Q1 24 | $398.7M | $951.0M |
股东权益GSATSATS
| Q4 25 | $355.7M | $5.8B | ||
| Q3 25 | $364.8M | $7.0B | ||
| Q2 25 | $360.9M | $19.7B | ||
| Q1 25 | $344.3M | $20.0B | ||
| Q4 24 | $358.9M | $20.2B | ||
| Q3 24 | $394.1M | $19.4B | ||
| Q2 24 | $383.0M | $19.6B | ||
| Q1 24 | $377.1M | $19.8B |
总资产GSATSATS
| Q4 25 | $2.3B | $43.0B | ||
| Q3 25 | $2.2B | $45.3B | ||
| Q2 25 | $1.9B | $59.9B | ||
| Q1 25 | $1.7B | $60.6B | ||
| Q4 24 | $1.7B | $60.9B | ||
| Q3 24 | $917.6M | $57.5B | ||
| Q2 24 | $926.2M | $55.3B | ||
| Q1 24 | $917.0M | $55.6B |
负债/权益比GSATSATS
| Q4 25 | 1.36× | 3.24× | ||
| Q3 25 | 1.39× | 3.13× | ||
| Q2 25 | 1.36× | 1.29× | ||
| Q1 25 | 1.46× | 1.27× | ||
| Q4 24 | 1.43× | 1.27× | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.06× | 0.05× |
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 | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-583.4M |
| 自由现金流率自由现金流/营收 | — | -15.4% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 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 | — | $-1.1B |
8季度趋势，按日历期对齐
经营现金流GSATSATS
| Q4 25 | $175.9M | $-425.3M | ||
| Q3 25 | $236.0M | $111.7M | ||
| Q2 25 | $157.9M | $7.5M | ||
| Q1 25 | $51.9M | $206.8M | ||
| Q4 24 | $340.7M | $45.6M | ||
| Q3 24 | $32.0M | $276.2M | ||
| Q2 24 | $36.7M | $479.7M | ||
| Q1 24 | $29.8M | $451.3M |
自由现金流GSATSATS
| Q4 25 | — | $-583.4M | ||
| Q3 25 | — | $-144.4M | ||
| Q2 25 | — | $-285.7M | ||
| Q1 25 | — | $-51.7M | ||
| Q4 24 | — | $-298.7M | ||
| Q3 24 | — | $-57.5M | ||
| Q2 24 | — | $132.4M | ||
| Q1 24 | — | $-68.4M |
自由现金流率GSATSATS
| Q4 25 | — | -15.4% | ||
| Q3 25 | — | -4.0% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | — | -1.3% | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | — | -1.5% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | -1.7% |
资本支出强度GSATSATS
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 7.1% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | 12.9% |
现金转化率GSATSATS
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.14× | ||
| 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% |
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
