A Business at a Glance
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Globalstar, Inc.
GSAT
$10.1B
Mkt Cap
$78.93
-0.33%
Globalstar, Inc. (GSAT) has a 5-year average return on invested capital (ROIC) of -21.4%. This is below average and may indicate limited pricing power.
Globalstar, Inc. (GSAT) has a market capitalization of $10.1B. It is classified as a large-cap stock.
Yes, Globalstar, Inc. (GSAT) pays a dividend with a trailing twelve-month yield of 0.10%.
Globalstar, Inc. (GSAT) operates in the Communications Services, Nec industry, within the Communication Services sector.
Globalstar, Inc. (GSAT) reported annual revenue of $273 million in its most recent fiscal year, based on SEC EDGAR filings.
Globalstar, Inc. (GSAT) has a net profit margin of -7.1%. The company is currently unprofitable.
Globalstar, Inc. (GSAT) generated $566 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Mobile Satellite Services Business Through its global satellite network, Globalstar, Inc. (“we,” “us” or the “Company”) provides Mobile Satellite Services (“MSS”), including voice and data communications services to retail, business and governmental customers as well as wholesale satellite capacity services. We offer these services over our network of in-orbit satellites and ground stations (“gateways”) pursuant to our spectrum licenses, which we refer to collectively as the Globalstar System. In addition to supporting Internet of Things ("IoT") data transmissions in a variety of applications, we provide reliable connectivity in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters. By providing global mobile satellite communications services, we aim to meet our customers' increasing desire for connectivity.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 283M | 273M | 250M | 224M | 149M | 124M |
| Net Income | -19M | -19M | -74M | -35M | -258M | -113M |
| EPS | $-0.15 | $-0.15 | $-0.59 | $-0.29 | $-2.15 | $-0.06 |
| Free Cash Flow | 478M | 566M | 424M | 16M | 28M | 126M |
| ROIC | 4.1% | 1.6% | - | - | -49.2% | -16.6% |
| Gross Margin | - | 57.1% | 56.2% | 59.6% | - | 44.8% |
| Debt/Equity | 1.38 | 1.54 | 1.51 | 1.04 | 0.42 | 0.65 |
| Dividends/Share | $0.08 | $0.08 | $0.09 | $0.10 | $0.00 | $0.00 |
| Operating Income | 24M | 7.4M | - | - | -221M | -66M |
| Operating Margin | 8.5% | 2.7% | - | - | -148.8% | -52.7% |
| ROE | -5.6% | -5.4% | -20.0% | -10.2% | -75.9% | -28.6% |
| Shares Outstanding | 128M | 128M | 125M | 122M | 120M | 1,877M |
| Metric | 2019 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | 90M | 97M | 113M | 130M | 132M | 128M | 124M | 149M | 224M | 250M | 273M | 283M |
| Gross Margin | N/A | 57.3% | 60.8% | 76.4% | 89.9% | 51.6% | 54.8% | 44.8% | N/A | 59.6% | 56.2% | 57.1% | N/A |
| R&D | 500K | 1.9M | 2.1M | 3.8M | 2.7M | 3.2M | 1.9M | 1.0M | 500K | 1.4M | 6.5M | 6.1M | 6.1M |
| SG&A | 34M | 37M | 41M | 39M | 55M | 45M | 42M | 35M | 33M | 43M | 43M | 51M | 55M |
| EBIT | -96M | -67M | -63M | -68M | -47M | -64M | -59M | -66M | -221M | N/A | N/A | 7.4M | 24M |
| Op. Margin | N/A | -73.6% | -65.3% | -60.8% | -36.4% | -48.6% | -46.0% | -52.7% | -148.8% | N/A | N/A | 2.7% | 8.5% |
| Net Income | -463M | 84M | -133M | -89M | -6.5M | -111M | -110M | -113M | -258M | -35M | -74M | -19M | -19M |
| Net Margin | N/A | 92.4% | -136.9% | -79.1% | -5.0% | -84.0% | -85.3% | -90.6% | -173.9% | -15.8% | -29.5% | -7.1% | -6.8% |
| Non-Recurring | 100K | 0 | 350K | 38M | 0 | 1.1M | 416K | 242K | 160M | 363K | 556K | 7.2M | 7.2M |
| Returns on Capital | |||||||||||||
| ROIC | -13.0% | 11.2% | -18.3% | -12.8% | -0.9% | -13.9% | -13.5% | -16.6% | -49.2% | N/A | N/A | 1.6% | 4.1% |
| ROE | -473.1% | 52.9% | -66.5% | -39.3% | -2.0% | -28.9% | -26.4% | -28.6% | -75.9% | -10.2% | -20.0% | -5.4% | -5.6% |
| ROA | -35.1% | 6.8% | -11.5% | -7.9% | -0.6% | -11.0% | -11.8% | -13.2% | -33.3% | -4.2% | -5.6% | -1.0% | -0.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 4.0M | 2.2M | 8.8M | 14M | 5.9M | 3.0M | 22M | 132M | 64M | 74M | 439M | 622M | 605M |
| Free Cash Flow | 704K | -3.4M | -572K | 8.3M | -1.4M | -1.5M | 17M | 126M | 28M | 16M | 424M | 566M | 478M |
| Owner Earnings | -85M | -78M | -73M | -69M | -83M | -86M | -70M | 40M | -34M | -37M | 312M | 507M | 464M |
| CapEx | 3.3M | 5.5M | 9.4M | 5.5M | 7.3M | 4.6M | 5.2M | 6.3M | 36M | 58M | 16M | 55M | 127M |
| Maint. CapEx | 85M | 77M | 77M | 77M | 82M | 84M | 86M | 85M | 87M | 89M | 92M | 91M | 122M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.0M |
| D&A | 85M | 77M | 77M | 77M | 82M | 84M | 86M | 85M | 87M | 89M | 92M | 91M | 122M |
| CapEx/OCF | 82.3% | 255.5% | 106.5% | 39.9% | 124.1% | 150.7% | N/A | N/A | 56.6% | 78.3% | 3.6% | 8.9% | 21.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12M | 11M | 11M | 11M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.5% | 0.4% | 0.3% | 0.1% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 3.4M | 3.0M | 4.9M | 5.1M | 7.0M | 5.7M | 5.9M | 6.7M | 11M | 22M | 36M | 23M | 19M |
| Debt Repayment | 0 | 0 | 0 | 21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 623M | 574M | 566M | 472M | 448M | 457M | 372M | 224M | 100M | 336M | 151M | 99M | 116M |
| Cash & Equiv. | 7.1M | 7.5M | 10M | 42M | 15M | 7.6M | 13M | 14M | 32M | 57M | 391M | 447M | 358M |
| Long-Term Debt | 624M | 548M | 501M | 435M | 367M | 464M | 327M | 238M | 132M | 326M | 477M | 452M | 432M |
| Debt/Equity | 7.98 | 2.45 | 3.56 | 1.76 | 1.29 | 1.14 | 0.91 | 0.65 | 0.42 | 1.04 | 1.51 | 1.54 | 1.38 |
| Interest Coverage | -53.3 | -33.3 | -28.8 | -2.0 | -1.9 | -5822.4 | -14790.8 | -655.0 | -2210.3 | N/A | N/A | N/A | N/A |
| Equity | 79M | 237M | 162M | 291M | 359M | 407M | 423M | 365M | 315M | 379M | 359M | 356M | 343M |
| Total Assets | 1.3B | 1.2B | 1.1B | 1.1B | 1.0B | 966M | 888M | 814M | 738M | 924M | 1.7B | 2.3B | 2.4B |
| Total Liabilities | 1.2B | 938M | 971M | 838M | 687M | 558M | 465M | 449M | 424M | 545M | 1.4B | 2.0B | 2.0B |
| Intangibles | 1.7M | 4.4M | 1.3M | 2.0M | 25M | 25M | 28M | 31M | 30M | 61M | 85M | 92M | 92M |
| Retained Earnings | -1.4B | -1.3B | -1.5B | -1.6B | -1.6B | -1.6B | -1.7B | -1.8B | -2.0B | -2.1B | -2.1B | -2.1B | -2.2B |
| Working Capital | -34M | -69M | -134M | -24M | -37M | 200K | -46M | 7.3M | -116M | -33M | 306M | 291M | 153M |
| Current Assets | 45M | 38M | 38M | 136M | 123M | 63M | 68M | 69M | 81M | 143M | 448M | 497M | 407M |
| Current Liabilities | 79M | 107M | 172M | 160M | 160M | 63M | 114M | 62M | 197M | 176M | 141M | 205M | 254M |
| Per Share Data | |||||||||||||
| EPS | -0.50 | 0.07 | -0.12 | -0.08 | -0.01 | -1.05 | -0.07 | -0.06 | -2.15 | -0.29 | -0.59 | -0.15 | -0.15 |
| Owner EPS | -0.09 | -0.07 | -0.07 | -0.06 | -0.13 | -0.82 | -0.04 | 0.02 | -0.28 | -0.30 | 2.50 | 3.95 | 3.61 |
| Book Value | 0.09 | 0.20 | 0.15 | 0.26 | 0.55 | 3.86 | 0.27 | 0.19 | 2.62 | 3.11 | 2.87 | 2.77 | 2.67 |
| Cash Flow/Share | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 | 0.07 | 0.53 | 0.61 | 3.51 | 4.84 | 0.80 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.10 | 0.09 | 0.08 | 0.08 |
| Shares Out. | 925.7M | 1.2B | 1.1B | 1.1B | 651.6M | 105.4M | 1.6B | 1.9B | 120.1M | 121.8M | 125.1M | 128.4M | 128.4M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 20.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -524.9 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | 509.6 | 269.1 | 81.4 | 213.8 | 9.5 | 14.3 | 21.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 425.4 |
| Price/Book | 35.3 | 7.4 | 11.0 | 5.1 | 0.9 | 1.9 | 1.4 | 6.2 | 7.3 | 9.1 | 11.2 | 22.7 | 29.6 |
| Price/Sales | N/A | 30.0 | 15.3 | 17.2 | 3.1 | 5.7 | 4.3 | 21.7 | 17.8 | 10.1 | 10.6 | 15.0 | 35.8 |
| FCF Yield | 0.0% | -0.2% | -0.0% | 0.6% | -0.4% | -0.2% | 2.9% | 5.6% | 1.2% | 0.5% | 10.5% | 7.0% | 4.7% |
| Market Cap | 2.8B | 1.7B | 1.8B | 1.5B | 339M | 791M | 580M | 2.3B | 2.3B | 3.5B | 4.0B | 8.1B | 10.1B |
| Avg. Price | 45.15 | 34.12 | 20.05 | 26.08 | 9.37 | 7.17 | 5.32 | 21.55 | 21.48 | 18.57 | 21.30 | 31.93 | 78.93 |
| Year-End Price | 45.15 | 21.90 | 24.15 | 19.95 | 7.80 | 7.50 | 5.55 | 18.00 | 18.75 | 28.35 | 32.25 | 62.89 | 78.93 |
Globalstar, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 17.9x vs a median of 14.3x. The company's 5-year average gross margin is 54.4%. Total shareholder yield (dividends) is 0.1%. At current prices, the estimated annualized return to fair value is +51.5%.
Globalstar, Inc. (GSAT) has a debt-to-equity ratio of 1.54. This indicates higher leverage, which may increase financial risk.
Globalstar, Inc. (GSAT) reported earnings per share (EPS) of $-0.15 in its most recent fiscal year.
Globalstar, Inc. (GSAT) has a return on equity (ROE) of -5.4%. A negative ROE may indicate losses or negative equity.
Globalstar, Inc. (GSAT) has a 5-year average gross margin of 54.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for Globalstar, Inc. (GSAT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Globalstar, Inc. (GSAT) has a book value per share of $2.77, based on its most recent annual SEC filing.