GSAT vs IRDM
Globalstar, Inc. and Iridium Communications Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GSAT | IRDM |
|---|---|---|
| Revenue | $273.0M | $871.7M |
| Net income | $-8.7M | $114.4M |
| Gross margin | · | · |
| Net margin | −3.2% | 13.1% |
| Return on equity | −2.4% | 22.0% |
| Diluted EPS | −$0.15 | $1.06 |
| Dividend / share | · | · |
| Payout ratio | −122.6% | 55.0% |
| Free cash flow | · | $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. "·" marks a figure not available in our data.
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 | $523.0M |
| FY2017 | $112.7M | $448.0M |
| FY2016 | $96.9M | $433.6M |
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 |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$598,673,000 | IRDM |
| FY2024 | −$580,333,000 | IRDM |
| FY2023 | −$566,915,000 | IRDM |
| FY2022 | −$572,530,000 | IRDM |
| FY2021 | −$490,203,000 | IRDM |
| FY2020 | −$454,952,000 | IRDM |
| FY2019 | −$428,726,000 | IRDM |
| FY2018 | −$392,895,000 | IRDM |
| FY2017 | −$335,386,000 | IRDM |
| FY2016 | −$336,779,000 | IRDM |
| FY2015 | −$320,888,000 | IRDM |
| FY2014 | −$318,493,000 | IRDM |
| FY2013 | −$299,938,000 | IRDM |
| FY2012 | −$307,202,000 | IRDM |
| FY2011 | −$311,480,000 | IRDM |
| FY2010 | −$280,232,000 | IRDM |
| FY2009 | −$11,710,000 | IRDM |
IRDM has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −16.3 pp | IRDM |
| FY2024 | −38.8 pp | IRDM |
| FY2023 | −13.0 pp | IRDM |
| FY2022 | −174.2 pp | IRDM |
| FY2021 | −89.1 pp | IRDM |
| FY2020 | −75.7 pp | IRDM |
| FY2019 | +40.5 pp | GSAT |
| FY2018 | −2.4 pp | IRDM |
| FY2017 | −131.3 pp | IRDM |
| FY2016 | −162.5 pp | IRDM |
| FY2015 | +78.2 pp | GSAT |
| FY2014 | −532.3 pp | IRDM |
| FY2013 | −731.0 pp | IRDM |
| FY2012 | −163.9 pp | IRDM |
| FY2011 | −86.1 pp | IRDM |
| FY2010 | −149.2 pp | IRDM |
| FY2009 | −61.0 pp | IRDM |
The higher net margin has changed hands between GSAT and IRDM over this period.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GSAT's net margin has been more volatile than IRDM's over the 17 comparable fiscal years — 191.3 percentage points of standard deviation against 22.3.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GSAT and IRDM over these 17 fiscal years — GSAT led in 2 and IRDM in 15.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GSAT's return on equity has been more volatile than IRDM's over the 17 comparable fiscal years — 115.2 percentage points of standard deviation against 8.3.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GSAT and IRDM over these 17 fiscal years — GSAT led in 2 and IRDM in 15.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.