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Globalstar, Inc.（GSAT）与Shimmick Corp（SHIM）财务数据对比。点击上方公司名可切换其他公司
Shimmick Corp的季度营收约是Globalstar, Inc.的2.0倍（$141.9M vs $72.0M），Shimmick Corp净利率更高（-3.1% vs -16.1%，领先13.0%），过去两年Globalstar, Inc.的营收复合增速更高（12.9% vs -10.1%）
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。
Shimmick Corp是一家总部位于美国的重型民用建筑企业，专注于水处理设施、交通系统、大坝工程、环境修复等关键公共基础设施的建造与升级，主要服务北美各级政府客户，承接各类复杂大型建筑项目。
GSAT vs SHIM — 直观对比
营收规模更大
SHIM
是对方的2.0倍
$72.0M
净利率更高
SHIM
高出13.0%
-16.1%
两年增速更快
GSAT
近两年复合增速
-10.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $141.9M |
| 净利润 | $-11.6M | $-4.4M |
| 毛利率 | — | 7.6% |
| 营业利润率 | -0.5% | -2.2% |
| 净利率 | -16.1% | -3.1% |
| 营收同比 | 17.6% | — |
| 净利润同比 | 76.9% | — |
| 每股收益（稀释后） | $-0.11 | $-0.12 |
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GSATSHIM
| Q4 25 | $72.0M | $141.9M | ||
| Q3 25 | $73.8M | $128.4M | ||
| Q2 25 | $67.1M | $122.1M | ||
| Q1 25 | $60.0M | $103.6M | ||
| Q4 24 | $61.2M | — | ||
| Q3 24 | $72.3M | $166.0M | ||
| Q2 24 | $60.4M | $90.6M | ||
| Q1 24 | $56.5M | $120.0M |
净利润GSATSHIM
| Q4 25 | $-11.6M | $-4.4M | ||
| Q3 25 | $1.1M | $-8.5M | ||
| Q2 25 | $19.2M | $-9.8M | ||
| Q1 25 | $-17.3M | $-38.5M | ||
| Q4 24 | $-50.2M | — | ||
| Q3 24 | $9.9M | $-1.6M | ||
| Q2 24 | $-9.7M | $-51.4M | ||
| Q1 24 | $-13.2M | $-33.3M |
毛利率GSATSHIM
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -20.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | -34.4% | ||
| Q1 24 | — | -13.2% |
营业利润率GSATSHIM
| Q4 25 | -0.5% | -2.2% | ||
| Q3 25 | 13.8% | -5.5% | ||
| Q2 25 | 9.2% | -7.3% | ||
| Q1 25 | -14.2% | -39.3% | ||
| Q4 24 | -6.9% | — | ||
| Q3 24 | 13.0% | 0.7% | ||
| Q2 24 | -2.4% | -53.0% | ||
| Q1 24 | -8.3% | -26.5% |
净利率GSATSHIM
| Q4 25 | -16.1% | -3.1% | ||
| Q3 25 | 1.5% | -6.6% | ||
| Q2 25 | 28.6% | -8.0% | ||
| Q1 25 | -28.9% | -37.1% | ||
| Q4 24 | -82.1% | — | ||
| Q3 24 | 13.7% | -0.9% | ||
| Q2 24 | -16.0% | -56.7% | ||
| Q1 24 | -23.4% | -27.8% |
每股收益（稀释后）GSATSHIM
| Q4 25 | $-0.11 | $-0.12 | ||
| Q3 25 | $-0.01 | $-0.25 | ||
| Q2 25 | $0.13 | $-0.28 | ||
| Q1 25 | $-0.16 | $-0.92 | ||
| Q4 24 | $-0.57 | — | ||
| Q3 24 | $0.00 | $-0.05 | ||
| Q2 24 | $-0.01 | $-1.83 | ||
| Q1 24 | $-0.01 | $-1.30 |
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 | $17.6M |
| 总债务越低越好 | $483.8M | $57.5M |
| 股东权益账面价值 | $355.7M | $-52.7M |
| 总资产 | $2.3B | $218.5M |
| 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GSATSHIM
| Q4 25 | $447.5M | $17.6M | ||
| Q3 25 | $346.3M | $21.4M | ||
| Q2 25 | $308.2M | $16.3M | ||
| Q1 25 | $241.4M | $33.7M | ||
| Q4 24 | $391.2M | — | ||
| Q3 24 | $51.9M | $26.0M | ||
| Q2 24 | $64.3M | $22.4M | ||
| Q1 24 | $59.3M | $27.3M |
总债务GSATSHIM
| Q4 25 | $483.8M | $57.5M | ||
| Q3 25 | $508.6M | $36.4M | ||
| Q2 25 | $491.5M | $31.4M | ||
| Q1 25 | $502.7M | $9.5M | ||
| Q4 24 | $511.4M | — | ||
| Q3 24 | $394.4M | $39.9M | ||
| Q2 24 | $393.1M | — | ||
| Q1 24 | $398.7M | $31.5M |
股东权益GSATSHIM
| Q4 25 | $355.7M | $-52.7M | ||
| Q3 25 | $364.8M | $-49.5M | ||
| Q2 25 | $360.9M | $-42.6M | ||
| Q1 25 | $344.3M | $-34.7M | ||
| Q4 24 | $358.9M | — | ||
| Q3 24 | $394.1M | $973.0K | ||
| Q2 24 | $383.0M | $436.0K | ||
| Q1 24 | $377.1M | $38.1M |
总资产GSATSHIM
| Q4 25 | $2.3B | $218.5M | ||
| Q3 25 | $2.2B | $203.0M | ||
| Q2 25 | $1.9B | $227.7M | ||
| Q1 25 | $1.7B | $233.9M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $917.6M | $346.7M | ||
| Q2 24 | $926.2M | $344.5M | ||
| Q1 24 | $917.0M | $378.0M |
负债/权益比GSATSHIM
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.00× | 41.01× | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.06× | 0.83× |
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 | $-23.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-28.7M |
| 自由现金流率自由现金流/营收 | — | -20.2% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 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 | — | $-27.2M |
8季度趋势，按日历期对齐
经营现金流GSATSHIM
| Q4 25 | $175.9M | $-23.7M | ||
| Q3 25 | $236.0M | $-3.8M | ||
| Q2 25 | $157.9M | $-38.2M | ||
| Q1 25 | $51.9M | $44.9M | ||
| Q4 24 | $340.7M | — | ||
| Q3 24 | $32.0M | $12.7M | ||
| Q2 24 | $36.7M | $-43.9M | ||
| Q1 24 | $29.8M | $-35.0M |
自由现金流GSATSHIM
| Q4 25 | — | $-28.7M | ||
| Q3 25 | — | $-4.2M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | — | $44.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $-46.8M | ||
| Q1 24 | — | $-39.6M |
自由现金流率GSATSHIM
| Q4 25 | — | -20.2% | ||
| Q3 25 | — | -3.2% | ||
| Q2 25 | — | -31.7% | ||
| Q1 25 | — | 42.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | -51.7% | ||
| Q1 24 | — | -33.0% |
资本支出强度GSATSHIM
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 3.8% |
现金转化率GSATSHIM
| 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% |
SHIM
| Shimmick Projects | $106.8M | 75% |
| Non Core Projects | $35.1M | 25% |
