vs
Globalstar, Inc.（GSAT）与TELOS CORP（TLS）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TELOS CORP的1.5倍（$72.0M vs $46.8M），Globalstar, Inc.净利率更高（-16.1% vs -34.9%，领先18.7%），TELOS CORP同比增速更快（77.4% vs 17.6%），过去两年TELOS CORP的营收复合增速更高（25.7% 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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
GSAT vs TLS — 直观对比
营收规模更大
GSAT
是对方的1.5倍
$46.8M
营收增速更快
TLS
高出59.7%
17.6%
净利率更高
GSAT
高出18.7%
-34.9%
两年增速更快
TLS
近两年复合增速
12.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $46.8M |
| 净利润 | $-11.6M | $-16.3M |
| 毛利率 | — | 35.0% |
| 营业利润率 | -0.5% | -39.6% |
| 净利率 | -16.1% | -34.9% |
| 营收同比 | 17.6% | 77.4% |
| 净利润同比 | 76.9% | -74.8% |
| 每股收益（稀释后） | $-0.11 | $-0.22 |
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GSATTLS
| Q4 25 | $72.0M | $46.8M | ||
| Q3 25 | $73.8M | $51.4M | ||
| Q2 25 | $67.1M | $36.0M | ||
| Q1 25 | $60.0M | $30.6M | ||
| Q4 24 | $61.2M | $26.4M | ||
| Q3 24 | $72.3M | $23.8M | ||
| Q2 24 | $60.4M | $28.5M | ||
| Q1 24 | $56.5M | $29.6M |
净利润GSATTLS
| Q4 25 | $-11.6M | $-16.3M | ||
| Q3 25 | $1.1M | $-2.1M | ||
| Q2 25 | $19.2M | $-9.5M | ||
| Q1 25 | $-17.3M | $-8.6M | ||
| Q4 24 | $-50.2M | $-9.3M | ||
| Q3 24 | $9.9M | $-28.1M | ||
| Q2 24 | $-9.7M | $-7.8M | ||
| Q1 24 | $-13.2M | $-7.4M |
毛利率GSATTLS
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
营业利润率GSATTLS
| Q4 25 | -0.5% | -39.6% | ||
| Q3 25 | 13.8% | -4.8% | ||
| Q2 25 | 9.2% | -27.5% | ||
| Q1 25 | -14.2% | -29.5% | ||
| Q4 24 | -6.9% | -37.6% | ||
| Q3 24 | 13.0% | -121.4% | ||
| Q2 24 | -2.4% | -30.3% | ||
| Q1 24 | -8.3% | -28.5% |
净利率GSATTLS
| Q4 25 | -16.1% | -34.9% | ||
| Q3 25 | 1.5% | -4.1% | ||
| Q2 25 | 28.6% | -26.5% | ||
| Q1 25 | -28.9% | -28.1% | ||
| Q4 24 | -82.1% | -35.4% | ||
| Q3 24 | 13.7% | -118.0% | ||
| Q2 24 | -16.0% | -27.2% | ||
| Q1 24 | -23.4% | -24.9% |
每股收益（稀释后）GSATTLS
| Q4 25 | $-0.11 | $-0.22 | ||
| Q3 25 | $-0.01 | $-0.03 | ||
| Q2 25 | $0.13 | $-0.13 | ||
| Q1 25 | $-0.16 | $-0.12 | ||
| Q4 24 | $-0.57 | $-0.13 | ||
| Q3 24 | $0.00 | $-0.39 | ||
| Q2 24 | $-0.01 | $-0.11 | ||
| Q1 24 | $-0.01 | $-0.10 |
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 | $53.2M |
| 总债务越低越好 | $483.8M | — |
| 股东权益账面价值 | $355.7M | $96.0M |
| 总资产 | $2.3B | $139.9M |
| 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GSATTLS
| Q4 25 | $447.5M | $53.2M | ||
| Q3 25 | $346.3M | $59.0M | ||
| Q2 25 | $308.2M | $57.0M | ||
| Q1 25 | $241.4M | $57.8M | ||
| Q4 24 | $391.2M | $54.6M | ||
| Q3 24 | $51.9M | $69.8M | ||
| Q2 24 | $64.3M | $80.1M | ||
| Q1 24 | $59.3M | $93.9M |
总债务GSATTLS
| 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GSATTLS
| Q4 25 | $355.7M | $96.0M | ||
| Q3 25 | $364.8M | $119.7M | ||
| Q2 25 | $360.9M | $118.4M | ||
| Q1 25 | $344.3M | $126.1M | ||
| Q4 24 | $358.9M | $127.1M | ||
| Q3 24 | $394.1M | $129.5M | ||
| Q2 24 | $383.0M | $149.1M | ||
| Q1 24 | $377.1M | $154.4M |
总资产GSATTLS
| Q4 25 | $2.3B | $139.9M | ||
| Q3 25 | $2.2B | $164.3M | ||
| Q2 25 | $1.9B | $165.0M | ||
| Q1 25 | $1.7B | $158.1M | ||
| Q4 24 | $1.7B | $158.2M | ||
| Q3 24 | $917.6M | $166.3M | ||
| Q2 24 | $926.2M | $182.4M | ||
| Q1 24 | $917.0M | $195.4M |
负债/权益比GSATTLS
| 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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | — | $8.0M |
| 自由现金流率自由现金流/营收 | — | 17.0% |
| 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 | — | $29.4M |
8季度趋势，按日历期对齐
经营现金流GSATTLS
| Q4 25 | $175.9M | $8.0M | ||
| Q3 25 | $236.0M | $9.1M | ||
| Q2 25 | $157.9M | $7.0M | ||
| Q1 25 | $51.9M | $6.1M | ||
| Q4 24 | $340.7M | $-10.5M | ||
| Q3 24 | $32.0M | $-7.1M | ||
| Q2 24 | $36.7M | $-8.0M | ||
| Q1 24 | $29.8M | $-350.0K |
自由现金流GSATTLS
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
自由现金流率GSATTLS
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
资本支出强度GSATTLS
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.3% |
现金转化率GSATTLS
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
