vs
Globalstar, Inc.（GSAT）与Target Hospitality Corp.（TH）财务数据对比。点击上方公司名可切换其他公司
Target Hospitality Corp.的季度营收约是Globalstar, Inc.的1.0倍（$73.5M vs $72.0M），Globalstar, Inc.净利率更高（-16.1% vs -20.3%，领先4.2%），Target Hospitality Corp.同比增速更快（22.0% vs 17.6%），过去两年Globalstar, Inc.的营收复合增速更高（12.9% vs 0.7%）
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。
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
GSAT vs TH — 直观对比
营收规模更大
TH
是对方的1.0倍
$72.0M
营收增速更快
TH
高出4.4%
17.6%
净利率更高
GSAT
高出4.2%
-20.3%
两年增速更快
GSAT
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $73.5M |
| 净利润 | $-11.6M | $-14.9M |
| 毛利率 | — | 9.6% |
| 营业利润率 | -0.5% | -22.9% |
| 净利率 | -16.1% | -20.3% |
| 营收同比 | 17.6% | 22.0% |
| 净利润同比 | 76.9% | -219.1% |
| 每股收益（稀释后） | $-0.11 | $-0.14 |
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GSATTH
| Q4 25 | $72.0M | $73.5M | ||
| Q3 25 | $73.8M | $91.6M | ||
| Q2 25 | $67.1M | $54.9M | ||
| Q1 25 | $60.0M | $54.9M | ||
| Q4 24 | $61.2M | $60.2M | ||
| Q3 24 | $72.3M | $65.8M | ||
| Q2 24 | $60.4M | $67.5M | ||
| Q1 24 | $56.5M | $72.4M |
净利润GSATTH
| Q4 25 | $-11.6M | $-14.9M | ||
| Q3 25 | $1.1M | $-795.0K | ||
| Q2 25 | $19.2M | $-14.9M | ||
| Q1 25 | $-17.3M | $-6.5M | ||
| Q4 24 | $-50.2M | $12.5M | ||
| Q3 24 | $9.9M | $20.0M | ||
| Q2 24 | $-9.7M | $18.4M | ||
| Q1 24 | $-13.2M | $20.4M |
毛利率GSATTH
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
营业利润率GSATTH
| Q4 25 | -0.5% | -22.9% | ||
| Q3 25 | 13.8% | 0.1% | ||
| Q2 25 | 9.2% | -30.8% | ||
| Q1 25 | -14.2% | -2.0% | ||
| Q4 24 | -6.9% | 34.5% | ||
| Q3 24 | 13.0% | 42.5% | ||
| Q2 24 | -2.4% | 43.8% | ||
| Q1 24 | -8.3% | 42.0% |
净利率GSATTH
| Q4 25 | -16.1% | -20.3% | ||
| Q3 25 | 1.5% | -0.9% | ||
| Q2 25 | 28.6% | -27.2% | ||
| Q1 25 | -28.9% | -11.8% | ||
| Q4 24 | -82.1% | 20.8% | ||
| Q3 24 | 13.7% | 30.4% | ||
| Q2 24 | -16.0% | 27.2% | ||
| Q1 24 | -23.4% | 28.2% |
每股收益（稀释后）GSATTH
| Q4 25 | $-0.11 | $-0.14 | ||
| Q3 25 | $-0.01 | $-0.01 | ||
| Q2 25 | $0.13 | $-0.15 | ||
| Q1 25 | $-0.16 | $-0.07 | ||
| Q4 24 | $-0.57 | $0.12 | ||
| Q3 24 | $0.00 | $0.20 | ||
| Q2 24 | $-0.01 | $0.18 | ||
| Q1 24 | $-0.01 | $0.20 |
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 | $8.3M |
| 总债务越低越好 | $483.8M | $1.7M |
| 股东权益账面价值 | $355.7M | $389.3M |
| 总资产 | $2.3B | $530.2M |
| 负债/权益比越低杠杆越低 | 1.36× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资GSATTH
| Q4 25 | $447.5M | $8.3M | ||
| Q3 25 | $346.3M | $30.4M | ||
| Q2 25 | $308.2M | $19.2M | ||
| Q1 25 | $241.4M | $34.5M | ||
| Q4 24 | $391.2M | $190.7M | ||
| Q3 24 | $51.9M | $177.7M | ||
| Q2 24 | $64.3M | $154.3M | ||
| Q1 24 | $59.3M | $124.3M |
总债务GSATTH
| Q4 25 | $483.8M | $1.7M | ||
| Q3 25 | $508.6M | $2.0M | ||
| Q2 25 | $491.5M | $26.3M | ||
| Q1 25 | $502.7M | $42.9M | ||
| Q4 24 | $511.4M | $1.5M | ||
| Q3 24 | $394.4M | $994.0K | ||
| Q2 24 | $393.1M | $1.1M | ||
| Q1 24 | $398.7M | $179.9M |
股东权益GSATTH
| Q4 25 | $355.7M | $389.3M | ||
| Q3 25 | $364.8M | $402.4M | ||
| Q2 25 | $360.9M | $401.3M | ||
| Q1 25 | $344.3M | $415.3M | ||
| Q4 24 | $358.9M | $421.1M | ||
| Q3 24 | $394.1M | $417.6M | ||
| Q2 24 | $383.0M | $397.2M | ||
| Q1 24 | $377.1M | $375.5M |
总资产GSATTH
| Q4 25 | $2.3B | $530.2M | ||
| Q3 25 | $2.2B | $541.2M | ||
| Q2 25 | $1.9B | $533.7M | ||
| Q1 25 | $1.7B | $562.5M | ||
| Q4 24 | $1.7B | $725.8M | ||
| Q3 24 | $917.6M | $709.8M | ||
| Q2 24 | $926.2M | $697.0M | ||
| Q1 24 | $917.0M | $687.2M |
负债/权益比GSATTH
| Q4 25 | 1.36× | 0.00× | ||
| Q3 25 | 1.39× | 0.01× | ||
| Q2 25 | 1.36× | 0.07× | ||
| Q1 25 | 1.46× | 0.10× | ||
| Q4 24 | 1.43× | 0.00× | ||
| Q3 24 | 1.00× | 0.00× | ||
| Q2 24 | 1.03× | 0.00× | ||
| Q1 24 | 1.06× | 0.48× |
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 | $5.7M |
| 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GSATTH
| Q4 25 | $175.9M | $5.7M | ||
| Q3 25 | $236.0M | $53.4M | ||
| Q2 25 | $157.9M | $11.1M | ||
| Q1 25 | $51.9M | $3.9M | ||
| Q4 24 | $340.7M | $30.6M | ||
| Q3 24 | $32.0M | $31.4M | ||
| Q2 24 | $36.7M | $39.1M | ||
| Q1 24 | $29.8M | $50.6M |
自由现金流GSATTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率GSATTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度GSATTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率GSATTH
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 3.23× | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
