Globalstar, Inc. (GSAT) 10-Year Financial Performance & Capital Metrics

GSAT • • Utilities

Communication ServicesTelecom ServicesSatellite CommunicationsMobile Satellite Services

AboutGlobalstar, Inc. provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.Show more

Revenue $250M +11.9%
EBITDA $88M
Net Income -$63M -155.5%
Free Cash Flow $179M +293.2%
EBITDA Margin 35.17% -10.6%
Net Margin -25.23% -128.4%
ROE -17.12% -140.3%
Interest Coverage -0.07 -519.6%
Debt/Equity 1.51 +45.8%
Net Debt/EBITDA 1.71 -55.1%
CapEx / Revenue 104.08% +40.6%
CapEx Coverage 1.69 +275.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 93 (top 7%)
✓Share count reduced 31.4% through buybacks

✗Weaknesses

✗High leverage: 6.2x Debt/EBITDA
✗Expensive at 22.0x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y10.76%

5Y13.71%

3Y26.29%

TTM8.54%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-78.16%

EPS CAGR

10Y-

5Y-

3Y-

TTM-42.41%

ROCE

10Y Avg-7.88%

5Y Avg-9.52%

3Y Avg-10.64%

Latest-0.08%

Peer Comparison

Mobile Satellite Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IRDMIridium Communications Inc.	2.02B	19.27	20.50	5.05%	14.44%	27.94%	9.68%	3.13
GSATGlobalstar, Inc.	7.96B	62.79	-106.42	11.86%	-19.04%	-13.68%	2.24%	1.51

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	90.49M	96.86M	112.66M	130.11M	131.72M	128.49M	124.3M	148.5M	223.81M	250.35M
Revenue Growth %	0%	0.07%	0.16%	0.15%	0.01%	-0.02%	-0.03%	0.19%	0.51%	0.12%
Cost of Revenue	42.43M	41.81M	47.81M	52.09M	53.63M	48.68M	51.96M	65.02M	69.47M	82.77M
Gross Profit+	48.06M	55.05M	64.85M	78.02M	78.08M	79.81M	72.33M	83.48M	154.34M	167.57M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	1.01%	0.15%	0.18%	0.2%	0%	0.02%	-0.09%	0.15%	0.85%	0.09%
Operating Expenses+	114.67M	118.37M	116.6M	145.88M	142.13M	138.97M	137.84M	304.51M	154.5M	168.52M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	10.64M	13.71M	8.71M	43.06M	31.73M	37.65M	30.73M	-127.14M	88.03M	88.04M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	2.09%	0.29%	-0.36%	3.94%	-0.26%	0.19%	-0.18%	-5.14%	1.69%	0%
Depreciation & Amortization+	77.25M	77.39M	77.5M	90.44M	95.77M	96.81M	96.24M	93.88M	88.19M	88.99M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	-66.6M	-63.68M	-68.79M	-47.38M	-64.05M	-59.16M	-65.5M	-221.03M	-165K	-949K
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.31%	0.04%	-0.08%	0.31%	-0.35%	0.08%	-0.11%	-2.37%	1%	-4.75%
Interest Expense+	35.85M	35.95M	34.77M	43.61M	62.46M	48.43M	0	30.17M	14.61M	13.56M
Interest Coverage	-1.86x	-1.77x	-1.98x	-1.09x	-1.03x	-1.22x	-	-7.33x	-0.01x	-0.07x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	73.71M	-139.19M	-88.88M	-6.39M	15.87M	-108.98M	-112.92M	-256.84M	-23.59M	-61.03M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.39M	-6.54M	190K	125K	545K	662K	-299K	73K	1.12M	2.13M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	72.32M	-132.65M	-89.07M	-6.52M	15.32M	-109.64M	-112.63M	-256.92M	-24.72M	-63.16M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	1.16%	-2.83%	0.33%	0.93%	3.35%	-8.15%	-0.03%	-1.28%	0.9%	-1.56%
EPS (Diluted)+	0.07	-0.12	-0.08	-0.01	0.01	-1.00	-0.90	-2.10	-0.20	-0.59
EPS Growth %	1.14%	-2.71%	0.36%	0.93%	-	-	0.1%	-1.33%	0.9%	-1.95%
EPS (Basic)	0.07	-0.12	-0.08	-0.01	0.01	-1.00	-0.90	-2.10	-0.20	-0.59
Diluted Shares Outstanding	123.04M	106.44M	116.66M	126.95M	165.52M	164.24M	176.51M	180.08M	183.5M	125.88M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.23B	1.13B	1.13B	1.05B	965.59M	888.09M	814.11M	833.39M	924.31M	1.71B
Asset Growth %	-0.03%	-0.08%	-0%	-0.07%	-0.08%	-0.08%	-0.08%	0.02%	0.11%	0.85%
PP&E (Net)+	1.08B	1.04B	971.12M	882.7M	815.78M	730.31M	704.2M	591.23M	658.17M	705.47M
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	38.49M	38.13M	136.41M	122.5M	63.26M	68.49M	68.87M	81.24M	142.65M	447.57M
Cash & Equivalents	7.48M	10.23M	41.64M	15.21M	7.61M	13.33M	14.3M	32.08M	56.74M	391.16M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	12.02M	8.09M	7.27M	14.27M	16.34M	13.74M	13.83M	9.26M	14.58M	10.74M
Other Current Assets	4.46M	4.59M	63.63M	60.28M	622K	3.63M	0	13.57M	22.58M	18.71M
Long-Term Investments	37.92M	37.98M	2.09M	2.09M	2.09M	0	0	3.55M	9.18M	118.98M
Goodwill	10.69M	0	0	0	0	0	0	0	30.6M	0
Intangible Assets	1.43M	16.78M	1.97M	5.24M	25.21M	27.52M	30.99M	30.46M	60.65M	85.2M
Other Assets	104.75M	37.98M	19.76M	35.04M	59.25M	61.78M	10.05M	130.46M	23.06M	352.99M
Total Liabilities	995.79M	970.79M	838.04M	686.54M	558.25M	465.03M	448.68M	518.62M	545.33M	1.35B
Total Debt+	639.12M	576.37M	514.02M	463.53M	480.56M	400.47M	269.67M	222.07M	392.55M	541.93M
Net Debt	631.64M	566.14M	472.38M	448.32M	472.95M	387.14M	255.37M	189.99M	335.8M	150.76M
Long-Term Debt	548.29M	500.52M	434.65M	367.2M	464.18M	326.59M	237.93M	132.12M	325.7M	476.82M
Short-Term Borrowings	1000K	1000K	1000K	1000K	0	1000K	0	1000K	1000K	1000K
Capital Lease Obligations	94K	87K	154K	77K	16.38M	15.06M	31.74M	30.38M	32.25M	30.51M
Total Current Liabilities+	107.03M	172.45M	160.32M	159.68M	63.06M	114.22M	61.56M	197.08M	175.91M	141.49M
Accounts Payable	8.12M	7.5M	6.05M	7M	8.02M	2.92M	6.25M	3.84M	2.03M	4.98M
Accrued Expenses	2.1M	3.19M	3.91M	3.03M	15.92M	15.61M	17.71M	4.97M	4.31M	23.31M
Deferred Revenue	23.9M	26.48M	31.75M	31.94M	29.91M	25.98M	25.93M	74.64M	53.68M	61.2M
Other Current Liabilities	40.08M	59.52M	39.39M	21.47M	3.46M	4.27M	4.69M	51.3M	78.29M	5.2M
Deferred Taxes	1000K	1000K	1000K	1000K	395K	1000K	296K	322K	329K	711K
Other Liabilities	276.06M	291.86M	236.87M	153.89M	10.6M	6.04M	7.59M	3.67M	10.94M	417.91M
Total Equity+	237.13M	161.82M	291.22M	358.94M	407.34M	423.06M	365.43M	314.77M	378.98M	358.88M
Equity Growth %	2%	-0.32%	0.8%	0.23%	0.13%	0.04%	-0.14%	-0.14%	0.2%	-0.05%
Shareholders Equity	237.13M	161.82M	291.22M	358.94M	407.34M	423.06M	365.43M	314.77M	378.98M	358.88M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	103K	110K	126K	145K	146K	167K	180K	181K	188K	13K
Additional Paid-in Capital	1.59B	1.65B	1.87B	1.94B	1.97B	2.1B	2.15B	2.35B	2.44B	2.47B
Retained Earnings	-1.35B	-1.48B	-1.57B	-1.57B	-1.56B	-1.67B	-1.78B	-2.04B	-2.06B	-2.13B
Accumulated OCI	-4.83M	-5.38M	-6.94M	-3.84M	-3.45M	-2.94M	1.89M	9.24M	5.07M	13.45M
Return on Assets (ROA)	0.06%	-0.11%	-0.08%	-0.01%	0.02%	-0.12%	-0.13%	-0.31%	-0.03%	-0.05%
Return on Equity (ROE)	0.46%	-0.66%	-0.39%	-0.02%	0.04%	-0.26%	-0.29%	-0.76%	-0.07%	-0.17%
Debt / Equity	2.70x	3.56x	1.77x	1.29x	1.18x	0.95x	0.74x	0.71x	1.04x	1.51x
Debt / Assets	0.52%	0.51%	0.46%	0.44%	0.5%	0.45%	0.33%	0.27%	0.42%	0.32%
Net Debt / EBITDA	59.35x	41.28x	54.22x	10.41x	14.91x	10.28x	8.31x	-	3.81x	1.71x
Book Value per Share	1.93	1.52	2.5	2.83	2.46	2.58	2.07	1.75	2.07	2.85

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.16M	8.81M	13.86M	5.92M	3.05M	22.21M	131.88M	63.8M	74.34M	439.19M
Operating CF Growth %	-0.46%	3.08%	0.57%	-0.57%	-0.49%	6.29%	4.94%	-0.52%	0.17%	4.91%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	72.32M	-132.65M	-89.07M	-6.52M	15.32M	-109.64M	-112.63M	-256.92M	-24.72M	-63.16M
Depreciation & Amortization	77.25M	77.39M	77.5M	90.44M	95.77M	101.06M	96.24M	93.88M	88.19M	88.99M
Deferred Taxes	-179.85M	-6.32M	-11.46M	-76.67M	0	2.2M	5.28M	0	0	0
Other Non-Cash Items	27.48M	63.49M	34.09M	3.67M	-107.92M	32.12M	37.26M	209.6M	24.38M	45.04M
Working Capital Changes	2.01M	2.04M	-2.29M	-12M	-5.83M	-9.42M	99M	6.47M	-36M	332.79M
Capital Expenditures+	-33.48M	-24.62M	-20.78M	-17.4M	-8.15M	-14.54M	-45.54M	-39.95M	-166.8M	-260.57M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-33.48M	-24.62M	-20.78M	-17.4M	-11.49M	-14.54M	-45.19M	-39.95M	-175.61M	-260.57M
Acquisitions	-240K	0	455K	0	0	0	350K	0	0	0
Purchase of Investments	0	-65K	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	-25.2M	-13.23M	-11.91M	-7.03M	-6.9M	-7.32M	0	0	-9.91M	-9.98M
Cash from Financing+	33.28M	18.5M	63.79M	-18.2M	-7.92M	1.16M	-140.28M	-6.05M	125.79M	157.18M
Dividends Paid	0	0	0	0	0	0	0	0	-11.94M	-10.63M
Dividend Payout Ratio %	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	526K	-1000K	-1000K	1000K	-1000K
Stock Issued	39.73M	51.34M	160.99M	59.95M	4.28M	638K	43.68M	919K	0	177.97M
Share Repurchases	0	0	0	0	0	0	0	0	-181K	0
Other Financing	0	0	-54.45M	-276K	-6.17M	0	461K	-626K	-8.56M	0
Net Change in Cash+	355K	2.75M	57.07M	-29.79M	-16.36M	8.89M	-53.72M	17.78M	24.66M	334.42M
Exchange Rate Effect	-1000K	55K	195K	-112K	4K	52K	-132K	-22K	140K	-1000K
Cash at Beginning	7.12M	7.48M	48.21M	105.28M	75.49M	59.13M	68.02M	14.3M	32.08M	56.74M
Cash at End	7.48M	10.23M	105.28M	75.49M	59.13M	68.02M	14.3M	32.08M	56.74M	391.16M
Free Cash Flow+	-31.32M	-15.8M	-6.92M	-11.48M	-5.1M	7.68M	86.34M	23.85M	-92.46M	178.62M
FCF Growth %	-1.05%	0.5%	0.56%	-0.66%	0.56%	2.51%	10.24%	-0.72%	-4.88%	2.93%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	45.77%	-66.5%	-39.32%	-2%	4%	-26.41%	-28.57%	-75.54%	-7.13%	-17.12%
EBITDA Margin	11.76%	14.16%	7.73%	33.09%	24.09%	29.3%	24.73%	-85.62%	39.33%	35.17%
Net Debt / EBITDA	59.35x	41.28x	54.22x	10.41x	14.91x	10.28x	8.31x	-	3.81x	1.71x
Interest Coverage	-1.86x	-1.77x	-1.98x	-1.09x	-1.03x	-1.22x	-	-7.33x	-0.01x	-0.07x
CapEx / Revenue	37%	25.41%	18.44%	13.37%	3.49%	11.31%	36.63%	26.9%	74.04%	104.08%
Debt / Equity	2.70x	3.56x	1.77x	1.29x	1.18x	0.95x	0.74x	0.71x	1.04x	1.51x
EPS Growth	114%	-271.43%	36.33%	93.32%	-	-	10%	-133.33%	90.48%	-195%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Service	-	-	-	89.99M	-	-	-	-	204.2M	237.69M
Service Growth	-	-	-	-	-	-	-	-	-	16.40%
Services, SPOT	-	-	-	52.36M	50.46M	46.42M	46.04M	45.67M	44.18M	41.14M
Services, SPOT Growth	-	-	-	-	-3.63%	-8.01%	-0.81%	-0.80%	-3.25%	-6.89%
Commercial loT	-	-	-	-	-	-	-	-	22.87M	26.25M
Commercial loT Growth	-	-	-	-	-	-	-	-	-	14.77%
Services, Duplex	-	-	-	41.22M	43.68M	33.88M	31.2M	29.22M	25.93M	20.16M
Services, Duplex Growth	-	-	-	-	5.96%	-22.44%	-7.91%	-6.33%	-11.26%	-22.27%
Product	-	-	-	711K	-	-	-	-	19.61M	12.66M
Product Growth	-	-	-	-	-	-	-	-	-	-35.45%
Services, Other	-	-	-	3.11M	1.78M	-	-	-	2.15M	4.85M
Services, Other Growth	-	-	-	-	-42.90%	-	-	-	-	125.96%
Product, SPOT	-	-	-	8.05M	7.62M	8.18M	9.43M	5.89M	7.72M	-
Product, SPOT Growth	-	-	-	-	-5.33%	7.34%	15.30%	-37.54%	31.18%	-
Product, Other	-	-	-	134K	90K	97K	226K	97K	22K	-
Product, Other Growth	-	-	-	-	-32.84%	7.78%	132.99%	-57.08%	-77.32%	-
Services, Commercial IoT	-	-	-	-	-	17.17M	17.95M	19.52M	-	-
Services, Commercial IoT Growth	-	-	-	-	-	-	4.52%	8.72%	-	-
Subscriber, Commercial IoT	-	-	-	-	-	5.14M	7.17M	10.13M	-	-
Subscriber, Commercial IoT Growth	-	-	-	-	-	-	39.47%	41.33%	-	-
Services, Engineering And Other	-	-	-	-	-	15.72M	11.28M	2.75M	-	-
Services, Engineering And Other Growth	-	-	-	-	-	-	-28.28%	-75.64%	-	-
Product, Duplex	-	-	-	2.02M	1.32M	1.88M	1.01M	319K	-	-
Product, Duplex Growth	-	-	-	-	-34.28%	42.11%	-46.31%	-68.45%	-	-
Services, Simplex	-	-	-	13.46M	16.97M	-	-	-	-	-
Services, Simplex Growth	-	-	-	-	26.10%	-	-	-	-	-
Product, Simplex	-	-	-	8.33M	9.3M	-	-	-	-	-
Product, Simplex Growth	-	-	-	-	11.64%	-	-	-	-	-
Services, IGO	-	-	-	932K	497K	-	-	-	-	-
Services, IGO Growth	-	-	-	-	-46.67%	-	-	-	-	-
Product, IGO	-	-	-	498K	-	-	-	-	-	-
Product, IGO Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	50.83M	56.87M	68.56M	78.92M	80.7M	84.29M	77.06M	99.73M	170.62M	206.4M
UNITED STATES Growth	-	11.87%	20.55%	15.11%	2.26%	4.44%	-8.58%	29.43%	71.07%	20.97%
CANADA	14.55M	16.04M	18.3M	20.19M	20.71M	18.22M	17.91M	17.42M	16.06M	12.87M
CANADA Growth	-	10.20%	14.08%	10.33%	2.59%	-12.03%	-1.67%	-2.75%	-7.82%	-19.83%
Latin America	2.41M	2.66M	2.96M	2.18M	2.51M	2.72M	3.44M	7.96M	9.98M	11.33M
Latin America Growth	-	10.47%	11.28%	-26.23%	15.12%	8.12%	26.68%	131.29%	25.34%	13.54%
Europe	5.74M	6.96M	8.18M	9.19M	8.63M	7.04M	7.3M	6.43M	6.86M	6.53M
Europe Growth	-	21.21%	17.66%	12.31%	-6.12%	-18.41%	3.69%	-11.95%	6.66%	-4.77%
Other Countries	594K	549K	479K	612K	832K	927K	751K	523K	683K	556K
Other Countries Growth	-	-7.58%	-12.75%	27.77%	35.95%	11.42%	-18.99%	-30.36%	30.59%	-18.59%

Frequently Asked Questions

Growth & Financials

Globalstar, Inc. (GSAT) reported $262.2M in revenue for fiscal year 2024. This represents a 260% increase from $72.8M in 2011.

Globalstar, Inc. (GSAT) grew revenue by 11.9% over the past year. This is steady growth.

Globalstar, Inc. (GSAT) reported a net loss of $49.9M for fiscal year 2024.

Dividend & Returns

Yes, Globalstar, Inc. (GSAT) pays a dividend with a yield of 0.13%. This makes it attractive for income-focused investors.

Globalstar, Inc. (GSAT) has a return on equity (ROE) of -17.1%. Negative ROE indicates the company is unprofitable.

Globalstar, Inc. (GSAT) generated $151.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Globalstar, Inc. (GSAT) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

US Stock Screener

...

Globalstar, Inc. (GSAT) 10-Year Financial Performance & Capital Metrics

GSAT • • Utilities

Communication ServicesTelecom ServicesSatellite CommunicationsMobile Satellite Services

Revenue $250M +11.9%
EBITDA $88M
Net Income -$63M -155.5%
Free Cash Flow $179M +293.2%
EBITDA Margin 35.17% -10.6%
Net Margin -25.23% -128.4%
ROE -17.12% -140.3%
Interest Coverage -0.07 -519.6%
Debt/Equity 1.51 +45.8%
Net Debt/EBITDA 1.71 -55.1%
CapEx / Revenue 104.08% +40.6%
CapEx Coverage 1.69 +275.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 93 (top 7%)
✓Share count reduced 31.4% through buybacks

✗Weaknesses

✗High leverage: 6.2x Debt/EBITDA
✗Expensive at 22.0x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y10.76%

5Y13.71%

3Y26.29%

TTM8.54%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-78.16%

EPS CAGR

10Y-

5Y-

3Y-

TTM-42.41%

ROCE

10Y Avg-7.88%

5Y Avg-9.52%

3Y Avg-10.64%

Latest-0.08%

Peer Comparison

Mobile Satellite Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IRDMIridium Communications Inc.	2.02B	19.27	20.50	5.05%	14.44%	27.94%	9.68%	3.13
GSATGlobalstar, Inc.	7.96B	62.79	-106.42	11.86%	-19.04%	-13.68%	2.24%	1.51

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	90.49M	96.86M	112.66M	130.11M	131.72M	128.49M	124.3M	148.5M	223.81M	250.35M
Revenue Growth %	0%	0.07%	0.16%	0.15%	0.01%	-0.02%	-0.03%	0.19%	0.51%	0.12%
Cost of Revenue	42.43M	41.81M	47.81M	52.09M	53.63M	48.68M	51.96M	65.02M	69.47M	82.77M
Gross Profit+	48.06M	55.05M	64.85M	78.02M	78.08M	79.81M	72.33M	83.48M	154.34M	167.57M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	1.01%	0.15%	0.18%	0.2%	0%	0.02%	-0.09%	0.15%	0.85%	0.09%
Operating Expenses+	114.67M	118.37M	116.6M	145.88M	142.13M	138.97M	137.84M	304.51M	154.5M	168.52M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	10.64M	13.71M	8.71M	43.06M	31.73M	37.65M	30.73M	-127.14M	88.03M	88.04M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	2.09%	0.29%	-0.36%	3.94%	-0.26%	0.19%	-0.18%	-5.14%	1.69%	0%
Depreciation & Amortization+	77.25M	77.39M	77.5M	90.44M	95.77M	96.81M	96.24M	93.88M	88.19M	88.99M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	-66.6M	-63.68M	-68.79M	-47.38M	-64.05M	-59.16M	-65.5M	-221.03M	-165K	-949K
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.31%	0.04%	-0.08%	0.31%	-0.35%	0.08%	-0.11%	-2.37%	1%	-4.75%
Interest Expense+	35.85M	35.95M	34.77M	43.61M	62.46M	48.43M	0	30.17M	14.61M	13.56M
Interest Coverage	-1.86x	-1.77x	-1.98x	-1.09x	-1.03x	-1.22x	-	-7.33x	-0.01x	-0.07x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	73.71M	-139.19M	-88.88M	-6.39M	15.87M	-108.98M	-112.92M	-256.84M	-23.59M	-61.03M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.39M	-6.54M	190K	125K	545K	662K	-299K	73K	1.12M	2.13M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	72.32M	-132.65M	-89.07M	-6.52M	15.32M	-109.64M	-112.63M	-256.92M	-24.72M	-63.16M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	1.16%	-2.83%	0.33%	0.93%	3.35%	-8.15%	-0.03%	-1.28%	0.9%	-1.56%
EPS (Diluted)+	0.07	-0.12	-0.08	-0.01	0.01	-1.00	-0.90	-2.10	-0.20	-0.59
EPS Growth %	1.14%	-2.71%	0.36%	0.93%	-	-	0.1%	-1.33%	0.9%	-1.95%
EPS (Basic)	0.07	-0.12	-0.08	-0.01	0.01	-1.00	-0.90	-2.10	-0.20	-0.59
Diluted Shares Outstanding	123.04M	106.44M	116.66M	126.95M	165.52M	164.24M	176.51M	180.08M	183.5M	125.88M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.23B	1.13B	1.13B	1.05B	965.59M	888.09M	814.11M	833.39M	924.31M	1.71B
Asset Growth %	-0.03%	-0.08%	-0%	-0.07%	-0.08%	-0.08%	-0.08%	0.02%	0.11%	0.85%
PP&E (Net)+	1.08B	1.04B	971.12M	882.7M	815.78M	730.31M	704.2M	591.23M	658.17M	705.47M
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	38.49M	38.13M	136.41M	122.5M	63.26M	68.49M	68.87M	81.24M	142.65M	447.57M
Cash & Equivalents	7.48M	10.23M	41.64M	15.21M	7.61M	13.33M	14.3M	32.08M	56.74M	391.16M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	12.02M	8.09M	7.27M	14.27M	16.34M	13.74M	13.83M	9.26M	14.58M	10.74M
Other Current Assets	4.46M	4.59M	63.63M	60.28M	622K	3.63M	0	13.57M	22.58M	18.71M
Long-Term Investments	37.92M	37.98M	2.09M	2.09M	2.09M	0	0	3.55M	9.18M	118.98M
Goodwill	10.69M	0	0	0	0	0	0	0	30.6M	0
Intangible Assets	1.43M	16.78M	1.97M	5.24M	25.21M	27.52M	30.99M	30.46M	60.65M	85.2M
Other Assets	104.75M	37.98M	19.76M	35.04M	59.25M	61.78M	10.05M	130.46M	23.06M	352.99M
Total Liabilities	995.79M	970.79M	838.04M	686.54M	558.25M	465.03M	448.68M	518.62M	545.33M	1.35B
Total Debt+	639.12M	576.37M	514.02M	463.53M	480.56M	400.47M	269.67M	222.07M	392.55M	541.93M
Net Debt	631.64M	566.14M	472.38M	448.32M	472.95M	387.14M	255.37M	189.99M	335.8M	150.76M
Long-Term Debt	548.29M	500.52M	434.65M	367.2M	464.18M	326.59M	237.93M	132.12M	325.7M	476.82M
Short-Term Borrowings	1000K	1000K	1000K	1000K	0	1000K	0	1000K	1000K	1000K
Capital Lease Obligations	94K	87K	154K	77K	16.38M	15.06M	31.74M	30.38M	32.25M	30.51M
Total Current Liabilities+	107.03M	172.45M	160.32M	159.68M	63.06M	114.22M	61.56M	197.08M	175.91M	141.49M
Accounts Payable	8.12M	7.5M	6.05M	7M	8.02M	2.92M	6.25M	3.84M	2.03M	4.98M
Accrued Expenses	2.1M	3.19M	3.91M	3.03M	15.92M	15.61M	17.71M	4.97M	4.31M	23.31M
Deferred Revenue	23.9M	26.48M	31.75M	31.94M	29.91M	25.98M	25.93M	74.64M	53.68M	61.2M
Other Current Liabilities	40.08M	59.52M	39.39M	21.47M	3.46M	4.27M	4.69M	51.3M	78.29M	5.2M
Deferred Taxes	1000K	1000K	1000K	1000K	395K	1000K	296K	322K	329K	711K
Other Liabilities	276.06M	291.86M	236.87M	153.89M	10.6M	6.04M	7.59M	3.67M	10.94M	417.91M
Total Equity+	237.13M	161.82M	291.22M	358.94M	407.34M	423.06M	365.43M	314.77M	378.98M	358.88M
Equity Growth %	2%	-0.32%	0.8%	0.23%	0.13%	0.04%	-0.14%	-0.14%	0.2%	-0.05%
Shareholders Equity	237.13M	161.82M	291.22M	358.94M	407.34M	423.06M	365.43M	314.77M	378.98M	358.88M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	103K	110K	126K	145K	146K	167K	180K	181K	188K	13K
Additional Paid-in Capital	1.59B	1.65B	1.87B	1.94B	1.97B	2.1B	2.15B	2.35B	2.44B	2.47B
Retained Earnings	-1.35B	-1.48B	-1.57B	-1.57B	-1.56B	-1.67B	-1.78B	-2.04B	-2.06B	-2.13B
Accumulated OCI	-4.83M	-5.38M	-6.94M	-3.84M	-3.45M	-2.94M	1.89M	9.24M	5.07M	13.45M
Return on Assets (ROA)	0.06%	-0.11%	-0.08%	-0.01%	0.02%	-0.12%	-0.13%	-0.31%	-0.03%	-0.05%
Return on Equity (ROE)	0.46%	-0.66%	-0.39%	-0.02%	0.04%	-0.26%	-0.29%	-0.76%	-0.07%	-0.17%
Debt / Equity	2.70x	3.56x	1.77x	1.29x	1.18x	0.95x	0.74x	0.71x	1.04x	1.51x
Debt / Assets	0.52%	0.51%	0.46%	0.44%	0.5%	0.45%	0.33%	0.27%	0.42%	0.32%
Net Debt / EBITDA	59.35x	41.28x	54.22x	10.41x	14.91x	10.28x	8.31x	-	3.81x	1.71x
Book Value per Share	1.93	1.52	2.5	2.83	2.46	2.58	2.07	1.75	2.07	2.85

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.16M	8.81M	13.86M	5.92M	3.05M	22.21M	131.88M	63.8M	74.34M	439.19M
Operating CF Growth %	-0.46%	3.08%	0.57%	-0.57%	-0.49%	6.29%	4.94%	-0.52%	0.17%	4.91%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	72.32M	-132.65M	-89.07M	-6.52M	15.32M	-109.64M	-112.63M	-256.92M	-24.72M	-63.16M
Depreciation & Amortization	77.25M	77.39M	77.5M	90.44M	95.77M	101.06M	96.24M	93.88M	88.19M	88.99M
Deferred Taxes	-179.85M	-6.32M	-11.46M	-76.67M	0	2.2M	5.28M	0	0	0
Other Non-Cash Items	27.48M	63.49M	34.09M	3.67M	-107.92M	32.12M	37.26M	209.6M	24.38M	45.04M
Working Capital Changes	2.01M	2.04M	-2.29M	-12M	-5.83M	-9.42M	99M	6.47M	-36M	332.79M
Capital Expenditures+	-33.48M	-24.62M	-20.78M	-17.4M	-8.15M	-14.54M	-45.54M	-39.95M	-166.8M	-260.57M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-33.48M	-24.62M	-20.78M	-17.4M	-11.49M	-14.54M	-45.19M	-39.95M	-175.61M	-260.57M
Acquisitions	-240K	0	455K	0	0	0	350K	0	0	0
Purchase of Investments	0	-65K	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	-25.2M	-13.23M	-11.91M	-7.03M	-6.9M	-7.32M	0	0	-9.91M	-9.98M
Cash from Financing+	33.28M	18.5M	63.79M	-18.2M	-7.92M	1.16M	-140.28M	-6.05M	125.79M	157.18M
Dividends Paid	0	0	0	0	0	0	0	0	-11.94M	-10.63M
Dividend Payout Ratio %	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	526K	-1000K	-1000K	1000K	-1000K
Stock Issued	39.73M	51.34M	160.99M	59.95M	4.28M	638K	43.68M	919K	0	177.97M
Share Repurchases	0	0	0	0	0	0	0	0	-181K	0
Other Financing	0	0	-54.45M	-276K	-6.17M	0	461K	-626K	-8.56M	0
Net Change in Cash+	355K	2.75M	57.07M	-29.79M	-16.36M	8.89M	-53.72M	17.78M	24.66M	334.42M
Exchange Rate Effect	-1000K	55K	195K	-112K	4K	52K	-132K	-22K	140K	-1000K
Cash at Beginning	7.12M	7.48M	48.21M	105.28M	75.49M	59.13M	68.02M	14.3M	32.08M	56.74M
Cash at End	7.48M	10.23M	105.28M	75.49M	59.13M	68.02M	14.3M	32.08M	56.74M	391.16M
Free Cash Flow+	-31.32M	-15.8M	-6.92M	-11.48M	-5.1M	7.68M	86.34M	23.85M	-92.46M	178.62M
FCF Growth %	-1.05%	0.5%	0.56%	-0.66%	0.56%	2.51%	10.24%	-0.72%	-4.88%	2.93%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	45.77%	-66.5%	-39.32%	-2%	4%	-26.41%	-28.57%	-75.54%	-7.13%	-17.12%
EBITDA Margin	11.76%	14.16%	7.73%	33.09%	24.09%	29.3%	24.73%	-85.62%	39.33%	35.17%
Net Debt / EBITDA	59.35x	41.28x	54.22x	10.41x	14.91x	10.28x	8.31x	-	3.81x	1.71x
Interest Coverage	-1.86x	-1.77x	-1.98x	-1.09x	-1.03x	-1.22x	-	-7.33x	-0.01x	-0.07x
CapEx / Revenue	37%	25.41%	18.44%	13.37%	3.49%	11.31%	36.63%	26.9%	74.04%	104.08%
Debt / Equity	2.70x	3.56x	1.77x	1.29x	1.18x	0.95x	0.74x	0.71x	1.04x	1.51x
EPS Growth	114%	-271.43%	36.33%	93.32%	-	-	10%	-133.33%	90.48%	-195%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Service	-	-	-	89.99M	-	-	-	-	204.2M	237.69M
Service Growth	-	-	-	-	-	-	-	-	-	16.40%
Services, SPOT	-	-	-	52.36M	50.46M	46.42M	46.04M	45.67M	44.18M	41.14M
Services, SPOT Growth	-	-	-	-	-3.63%	-8.01%	-0.81%	-0.80%	-3.25%	-6.89%
Commercial loT	-	-	-	-	-	-	-	-	22.87M	26.25M
Commercial loT Growth	-	-	-	-	-	-	-	-	-	14.77%
Services, Duplex	-	-	-	41.22M	43.68M	33.88M	31.2M	29.22M	25.93M	20.16M
Services, Duplex Growth	-	-	-	-	5.96%	-22.44%	-7.91%	-6.33%	-11.26%	-22.27%
Product	-	-	-	711K	-	-	-	-	19.61M	12.66M
Product Growth	-	-	-	-	-	-	-	-	-	-35.45%
Services, Other	-	-	-	3.11M	1.78M	-	-	-	2.15M	4.85M
Services, Other Growth	-	-	-	-	-42.90%	-	-	-	-	125.96%
Product, SPOT	-	-	-	8.05M	7.62M	8.18M	9.43M	5.89M	7.72M	-
Product, SPOT Growth	-	-	-	-	-5.33%	7.34%	15.30%	-37.54%	31.18%	-
Product, Other	-	-	-	134K	90K	97K	226K	97K	22K	-
Product, Other Growth	-	-	-	-	-32.84%	7.78%	132.99%	-57.08%	-77.32%	-
Services, Commercial IoT	-	-	-	-	-	17.17M	17.95M	19.52M	-	-
Services, Commercial IoT Growth	-	-	-	-	-	-	4.52%	8.72%	-	-
Subscriber, Commercial IoT	-	-	-	-	-	5.14M	7.17M	10.13M	-	-
Subscriber, Commercial IoT Growth	-	-	-	-	-	-	39.47%	41.33%	-	-
Services, Engineering And Other	-	-	-	-	-	15.72M	11.28M	2.75M	-	-
Services, Engineering And Other Growth	-	-	-	-	-	-	-28.28%	-75.64%	-	-
Product, Duplex	-	-	-	2.02M	1.32M	1.88M	1.01M	319K	-	-
Product, Duplex Growth	-	-	-	-	-34.28%	42.11%	-46.31%	-68.45%	-	-
Services, Simplex	-	-	-	13.46M	16.97M	-	-	-	-	-
Services, Simplex Growth	-	-	-	-	26.10%	-	-	-	-	-
Product, Simplex	-	-	-	8.33M	9.3M	-	-	-	-	-
Product, Simplex Growth	-	-	-	-	11.64%	-	-	-	-	-
Services, IGO	-	-	-	932K	497K	-	-	-	-	-
Services, IGO Growth	-	-	-	-	-46.67%	-	-	-	-	-
Product, IGO	-	-	-	498K	-	-	-	-	-	-
Product, IGO Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	50.83M	56.87M	68.56M	78.92M	80.7M	84.29M	77.06M	99.73M	170.62M	206.4M
UNITED STATES Growth	-	11.87%	20.55%	15.11%	2.26%	4.44%	-8.58%	29.43%	71.07%	20.97%
CANADA	14.55M	16.04M	18.3M	20.19M	20.71M	18.22M	17.91M	17.42M	16.06M	12.87M
CANADA Growth	-	10.20%	14.08%	10.33%	2.59%	-12.03%	-1.67%	-2.75%	-7.82%	-19.83%
Latin America	2.41M	2.66M	2.96M	2.18M	2.51M	2.72M	3.44M	7.96M	9.98M	11.33M
Latin America Growth	-	10.47%	11.28%	-26.23%	15.12%	8.12%	26.68%	131.29%	25.34%	13.54%
Europe	5.74M	6.96M	8.18M	9.19M	8.63M	7.04M	7.3M	6.43M	6.86M	6.53M
Europe Growth	-	21.21%	17.66%	12.31%	-6.12%	-18.41%	3.69%	-11.95%	6.66%	-4.77%
Other Countries	594K	549K	479K	612K	832K	927K	751K	523K	683K	556K
Other Countries Growth	-	-7.58%	-12.75%	27.77%	35.95%	11.42%	-18.99%	-30.36%	30.59%	-18.59%

Frequently Asked Questions

Growth & Financials

Globalstar, Inc. (GSAT) reported $262.2M in revenue for fiscal year 2024. This represents a 260% increase from $72.8M in 2011.

Globalstar, Inc. (GSAT) grew revenue by 11.9% over the past year. This is steady growth.

Globalstar, Inc. (GSAT) reported a net loss of $49.9M for fiscal year 2024.

Dividend & Returns

Yes, Globalstar, Inc. (GSAT) pays a dividend with a yield of 0.13%. This makes it attractive for income-focused investors.

Globalstar, Inc. (GSAT) has a return on equity (ROE) of -17.1%. Negative ROE indicates the company is unprofitable.

Globalstar, Inc. (GSAT) generated $151.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Globalstar, Inc. (GSAT) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.