GSAT vs VSAT
Globalstar, Inc. and Viasat Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GSAT | VSAT |
|---|---|---|
| Revenue | $273.0M | $4.6B |
| Net income | $-8.7M | $-34.1M |
| Gross margin | · | · |
| Net margin | −3.2% | 0.1% |
| Return on equity | −2.4% | −0.7% |
| Diluted EPS | −$0.15 | −$0.25 |
| Dividend / share | · | · |
| Payout ratio | −122.6% | · |
| Free cash flow | · | · |
| Equity | $355.7M | $4.7B |
| Net debt / equity | 0.10× | 1.01× |
| Current ratio | 2.42× | 2.41× |
| Revenue CAGR 5y | 16.3% | 19.3% |
| Profit CAGR 5y | · | · |
VSAT bills 17.0× the revenue of GSAT, 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.
10 years side by side
| Fiscal year | GSAT | VSAT |
|---|---|---|
| FY2025 | $273.0M | $4.6B |
| FY2024 | $250.3M | $4.5B |
| FY2023 | $223.8M | $4.3B |
| FY2022 | $148.5M | $2.6B |
| FY2021 | $124.3M | $2.4B |
| FY2020 | $128.5M | $1.9B |
| FY2019 | $131.7M | $2.3B |
| FY2018 | $130.1M | $2.1B |
| FY2017 | $112.7M | $1.6B |
| FY2016 | $96.9M | $1.6B |
Bottom line
| Fiscal year | GSAT | VSAT |
|---|---|---|
| FY2025 | $-8.7M | $-34.1M |
| FY2024 | $-63.2M | $-575.0M |
| FY2023 | $-24.7M | $-1.1B |
| FY2022 | $-256.9M | $1.1B |
| FY2021 | $-112.6M | $-15.5M |
| FY2020 | $-109.6M | $3.7M |
| FY2019 | $15.3M | $13.8M |
| FY2018 | $-6.5M | $-66.5M |
| FY2017 | $-89.1M | $-68.3M |
| FY2016 | $-132.6M | $21.8M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$4,367,294,000 | VSAT |
| FY2024 | −$4,269,222,000 | VSAT |
| FY2023 | −$4,059,950,000 | VSAT |
| FY2022 | −$2,407,654,000 | VSAT |
| FY2021 | −$2,292,882,000 | VSAT |
| FY2020 | −$1,792,391,000 | VSAT |
| FY2019 | −$2,177,520,000 | VSAT |
| FY2018 | −$1,938,145,000 | VSAT |
| FY2017 | −$1,481,965,000 | VSAT |
| FY2016 | −$1,462,476,000 | VSAT |
| FY2015 | −$1,326,941,000 | VSAT |
| FY2014 | −$1,292,471,000 | VSAT |
| FY2013 | −$1,268,751,000 | VSAT |
| FY2012 | −$1,043,372,000 | VSAT |
| FY2011 | −$790,800,000 | VSAT |
| FY2010 | −$734,265,000 | VSAT |
| FY2009 | −$623,801,000 | VSAT |
VSAT has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −3.3 pp | VSAT |
| FY2024 | −13.5 pp | VSAT |
| FY2023 | +13.7 pp | GSAT |
| FY2022 | −215.7 pp | VSAT |
| FY2021 | −90.5 pp | VSAT |
| FY2020 | −86.2 pp | VSAT |
| FY2019 | +11.0 pp | GSAT |
| FY2018 | −1.8 pp | VSAT |
| FY2017 | −74.8 pp | VSAT |
| FY2016 | −138.3 pp | VSAT |
| FY2015 | +78.4 pp | GSAT |
| FY2014 | −516.8 pp | VSAT |
| FY2013 | −714.0 pp | VSAT |
| FY2012 | −143.4 pp | VSAT |
| FY2011 | −76.3 pp | VSAT |
| FY2010 | −148.0 pp | VSAT |
| FY2009 | −121.0 pp | VSAT |
The higher net margin has changed hands between GSAT and VSAT over this period.
17 of 18 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 VSAT's over the 17 comparable fiscal years — 191.3 percentage points of standard deviation against 12.5.
17 of 18 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 VSAT over these 17 fiscal years — GSAT led in 3 and VSAT in 14.
17 of 18 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 VSAT's over the 9 comparable fiscal years — 20.6 percentage points of standard deviation against 14.5.
9 of 18 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 VSAT over these 9 fiscal years — GSAT led in 1 and VSAT in 8.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.