GSAT vs IRDM
Globalstar, Inc. and Iridium Communications Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | GSAT | IRDM |
|---|---|---|
| Revenue | $273.0M | $871.7M |
| Net income | $-8.7M | $114.4M |
| Gross margin | 91.2% | −109.7% |
| Net margin | −3.2% | 13.1% |
| Return on equity | −2.4% | 22.0% |
| Diluted EPS | −$0.15 | $1.06 |
| Dividend / share | — | $0.13 |
| Payout ratio | −122.6% | 55.0% |
| Free cash flow | $-1.5M | $299.8M |
| Equity | $355.7M | $462.6M |
| Net debt / equity | 0.10× | 3.60× |
| Current ratio | 2.42× | 2.48× |
| Revenue CAGR 5y | 16.3% | 8.4% |
| Profit CAGR 5y | — | — |
IRDM bills 3.2× the revenue of GSAT, and GSAT 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.
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Revenue by year
10 years side by side
| Fiscal year | GSAT | IRDM |
|---|---|---|
| FY2025 | $273.0M | $871.7M |
| FY2024 | $250.3M | $830.7M |
| FY2023 | $223.8M | $790.7M |
| FY2022 | $148.5M | $721.0M |
| FY2021 | $124.3M | $614.5M |
| FY2020 | $128.5M | $583.4M |
| FY2019 | $131.7M | $560.4M |
| FY2018 | $130.1M | $18.4M |
| FY2017 | $112.7M | $21.2M |
| FY2016 | $96.9M | $24.6M |
Net income by year
Bottom line
| Fiscal year | GSAT | IRDM |
|---|---|---|
| FY2025 | $-8.7M | $114.4M |
| FY2024 | $-63.2M | $112.8M |
| FY2023 | $-24.7M | $15.4M |
| FY2022 | $-256.9M | $8.7M |
| FY2021 | $-112.6M | $-9.3M |
| FY2020 | $-109.6M | $-56.1M |
| FY2019 | $15.3M | $-162.0M |
| FY2018 | $-6.5M | $-13.4M |
| FY2017 | $-89.1M | $233.9M |
| FY2016 | $-132.6M | $111.0M |
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