ASTS vs GSAT
AST SpaceMobile, Inc. and Globalstar, Inc., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ASTS | GSAT |
|---|---|---|
| Revenue | $70.9M | $273.0M |
| Net income | $-341.9M | $-8.7M |
| Gross margin | · | · |
| Net margin | −650.1% | −3.2% |
| Return on equity | · | −2.4% |
| Diluted EPS | · | −$0.15 |
| Dividend / share | · | · |
| Payout ratio | · | −122.6% |
| Free cash flow | $-1.1B | · |
| Equity | · | $355.7M |
| Net debt / equity | · | 0.10× |
| Current ratio | 16.35× | 2.42× |
| Revenue CAGR 5y | · | 16.3% |
| Profit CAGR 5y | · | · |
GSAT bills 3.8× the revenue of ASTS, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
6 years side by side
| Fiscal year | ASTS | GSAT |
|---|---|---|
| FY2025 | $70.9M | $273.0M |
| FY2024 | $4.4M | $250.3M |
| FY2023 | $0 | $223.8M |
| FY2022 | $13.8M | $148.5M |
| FY2021 | $12.4M | $124.3M |
| FY2020 | $6.0M | $128.5M |
Bottom line
| Fiscal year | ASTS | GSAT |
|---|---|---|
| FY2025 | $-341.9M | $-8.7M |
| FY2024 | $-300.1M | $-63.2M |
| FY2023 | $-87.6M | $-24.7M |
| FY2022 | $-31.6M | $-256.9M |
| FY2021 | $-30.6M | $-112.6M |
| FY2020 | $-24.4M | $-109.6M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$202,068,000 | GSAT |
| FY2024 | −$245,931,000 | GSAT |
| FY2023 | −$223,808,000 | GSAT |
| FY2022 | −$134,679,000 | GSAT |
| FY2021 | −$111,892,000 | GSAT |
| FY2020 | −$122,520,000 | GSAT |
GSAT has reported the higher revenue in every one of these 6 fiscal years. The gap has widened since the earliest year compared.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ASTS's net margin has been more volatile than GSAT's over the 4 comparable fiscal years — 122.8 percentage points of standard deviation against 60.1.
4 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
GSAT led in net margin in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 17 comparable fiscal years — a year missing data on either side is not counted.