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Globalstar, Inc.（GSAT）与STEM, INC.（STEM）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STEM, INC.的1.5倍（$72.0M vs $47.1M），Globalstar, Inc.净利率更高（-16.1% vs -33.9%，领先17.7%），Globalstar, Inc.同比增速更快（17.6% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% 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。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
GSAT vs STEM — 直观对比
营收规模更大
GSAT
是对方的1.5倍
$47.1M
营收增速更快
GSAT
高出33.2%
-15.6%
净利率更高
GSAT
高出17.7%
-33.9%
两年增速更快
STEM
近两年复合增速
12.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $47.1M |
| 净利润 | $-11.6M | $-16.0M |
| 毛利率 | — | 48.9% |
| 营业利润率 | -0.5% | -17.7% |
| 净利率 | -16.1% | -33.9% |
| 营收同比 | 17.6% | -15.6% |
| 净利润同比 | 76.9% | 68.8% |
| 每股收益（稀释后） | $-0.11 | $-4.40 |
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GSATSTEM
| Q4 25 | $72.0M | $47.1M | ||
| Q3 25 | $73.8M | $38.2M | ||
| Q2 25 | $67.1M | $38.4M | ||
| Q1 25 | $60.0M | $32.5M | ||
| Q4 24 | $61.2M | $55.8M | ||
| Q3 24 | $72.3M | $29.3M | ||
| Q2 24 | $60.4M | $34.0M | ||
| Q1 24 | $56.5M | $25.5M |
净利润GSATSTEM
| Q4 25 | $-11.6M | $-16.0M | ||
| Q3 25 | $1.1M | $-23.8M | ||
| Q2 25 | $19.2M | $202.5M | ||
| Q1 25 | $-17.3M | $-25.0M | ||
| Q4 24 | $-50.2M | $-51.1M | ||
| Q3 24 | $9.9M | $-148.3M | ||
| Q2 24 | $-9.7M | $-582.3M | ||
| Q1 24 | $-13.2M | $-72.3M |
毛利率GSATSTEM
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
营业利润率GSATSTEM
| Q4 25 | -0.5% | -17.7% | ||
| Q3 25 | 13.8% | -33.6% | ||
| Q2 25 | 9.2% | -34.8% | ||
| Q1 25 | -14.2% | -65.0% | ||
| Q4 24 | -6.9% | -84.4% | ||
| Q3 24 | 13.0% | -493.2% | ||
| Q2 24 | -2.4% | -1705.5% | ||
| Q1 24 | -8.3% | -267.0% |
净利率GSATSTEM
| Q4 25 | -16.1% | -33.9% | ||
| Q3 25 | 1.5% | -62.2% | ||
| Q2 25 | 28.6% | 527.8% | ||
| Q1 25 | -28.9% | -76.9% | ||
| Q4 24 | -82.1% | -91.6% | ||
| Q3 24 | 13.7% | -506.3% | ||
| Q2 24 | -16.0% | -1712.6% | ||
| Q1 24 | -23.4% | -283.9% |
每股收益（稀释后）GSATSTEM
| Q4 25 | $-0.11 | $-4.40 | ||
| Q3 25 | $-0.01 | $-2.84 | ||
| Q2 25 | $0.13 | $-1.79 | ||
| Q1 25 | $-0.16 | $-0.15 | ||
| Q4 24 | $-0.57 | $-15.29 | ||
| Q3 24 | $0.00 | $-18.24 | ||
| Q2 24 | $-0.01 | $-71.81 | ||
| Q1 24 | $-0.01 | $-0.46 |
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 | $48.9M |
| 总债务越低越好 | $483.8M | — |
| 股东权益账面价值 | $355.7M | $-249.4M |
| 总资产 | $2.3B | $308.9M |
| 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GSATSTEM
| Q4 25 | $447.5M | $48.9M | ||
| Q3 25 | $346.3M | $43.1M | ||
| Q2 25 | $308.2M | $40.8M | ||
| Q1 25 | $241.4M | $58.6M | ||
| Q4 24 | $391.2M | $56.3M | ||
| Q3 24 | $51.9M | $75.4M | ||
| Q2 24 | $64.3M | $89.6M | ||
| Q1 24 | $59.3M | $112.8M |
总债务GSATSTEM
| 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GSATSTEM
| Q4 25 | $355.7M | $-249.4M | ||
| Q3 25 | $364.8M | $-235.7M | ||
| Q2 25 | $360.9M | $-214.1M | ||
| Q1 25 | $344.3M | $-417.5M | ||
| Q4 24 | $358.9M | $-398.4M | ||
| Q3 24 | $394.1M | $-344.1M | ||
| Q2 24 | $383.0M | $-203.2M | ||
| Q1 24 | $377.1M | $371.6M |
总资产GSATSTEM
| Q4 25 | $2.3B | $308.9M | ||
| Q3 25 | $2.2B | $362.6M | ||
| Q2 25 | $1.9B | $379.2M | ||
| Q1 25 | $1.7B | $405.1M | ||
| Q4 24 | $1.7B | $437.4M | ||
| Q3 24 | $917.6M | $537.8M | ||
| Q2 24 | $926.2M | $691.5M | ||
| Q1 24 | $917.0M | $1.3B |
负债/权益比GSATSTEM
| 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 | $8.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流GSATSTEM
| Q4 25 | $175.9M | $8.2M | ||
| Q3 25 | $236.0M | $11.4M | ||
| Q2 25 | $157.9M | $-21.3M | ||
| Q1 25 | $51.9M | $8.5M | ||
| Q4 24 | $340.7M | $-14.7M | ||
| Q3 24 | $32.0M | $-9.4M | ||
| Q2 24 | $36.7M | $-11.9M | ||
| Q1 24 | $29.8M | $-621.0K |
现金转化率GSATSTEM
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | -0.11× | ||
| 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% |
STEM
暂无分部数据
