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Operates a low-earth-orbit satellite network for mobile satellite voice/data and powers Apple's iPhone satellite emergency messaging.
Operates a low-earth-orbit satellite network for mobile satellite voice/data and powers Apple's iPhone satellite emergency messaging.
Apple reserves most of the network's capacity for iPhone emergency messaging and helped pay for replacement satellites and ground stations, so a large share of the income is this single customer. Its older mobile and IoT satellite service lines are smaller. Thermo Capital's James Monroe III, the long-time chairman, is the controlling holder.
Moat: narrow (regulatory licence, IP / patents, scale). Owns scarce satellite spectrum and an in-orbit constellation, plus a long-term capacity deal with Apple.
Headquarters: Covington, Louisiana, USA · Founded: 1991 · Employees: 477
Size Globalstar (GSAT) is a United States Communication Services company (Wireless Telecommunications) with a market value of $10.9B, the 735th largest of 3,117 United States companies the cockpit tracks. Shares closed at $84.32 on 6 Nov 2026.
Performance Over six months the shares gained 2.7%, against -17.3% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 7.7% over the last twelve months (peer median +4.3%); the operating margin is 4.8% (peer median 15.4%).
Valuation It trades at 38.9× enterprise value to sales against a peer median of 2.5× (most expensive of 21).
Capital Return on invested capital runs 8.6 points below its cost of capital (12.2% WACC).
Short interest Short interest is 3.0% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $281M | $273M | $250M | $224M | $149M |
| Revenue growth | — | +9% | +12% | +51% | — |
| Gross profit | $97.4M | $95.0M | $84.5M | $66.8M | -$11.1M |
| EBITDA | $90.7M | $103M | $89.2M | $92.0M | $42.4M |
| Net income | -$54.5M | -$8.65M | -$63.2M | -$24.7M | -$257M |
| Free cash flow | $89.7M | $76.8M | $185M | $35.8M | $37.9M |
| Capital expenditure | $487M | $550M | $251M | $30.9M | $26.0M |
| Total debt | $412M | $546M | $542M | $393M | $222M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Globalstar GSAT | $10.9B | +3% | +8% | 5% | 38.9× | n/a |
| Iridium Communications IRDM | $4.68B | +6% | +4% | 19% | 7.4× | 21.0% |
| Sats SATS.OL | $937M | +10% | +5% | 18% | 2.6× | -5.9% |
| ViaSat VSAT | $8.81B | -9% | +1% | 2% | 3.0× | 42.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GSAT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | -2.0% | 9th highest of 21 |
| 6-month return | +2.7% | -17.3% | 7th highest of 21 |
| Distance from 52-week high | -0.9% | -30.2% | highest of 21 |
| Revenue growth (TTM) | +7.7% | +4.3% | 10th highest of 21 |
| Operating margin | 4.8% | 15.4% | 5th lowest of 21 |
| EV / Sales | 38.9× | 2.5× | most expensive of 21 |
| ROIC minus cost of capital | -8.6 pp | +1.6 pp | 3rd lowest of 21 |
| Net debt / EBITDA | 0.0× | 1.7× | 2nd least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Globalstar GSAT | United States | $10.9B | +3% | +8% | 5% | 38.9× | n/a | n/a |
| PT Telkom Indonesia (Persero) Tbk Sponsored ADR TLK | United States | $10.3B | -35% | -3% | 24% | 1.6× | -16.1% | -1.1% |
| SKTelecom 017670.KS | South Korea | $12.1B | -18% | +2% | 10% | 0.9× | -9.8% | +1.2% |
| Far Eastone Telecommunications 4904.TW | Taiwan | $12.2B | +17% | +10% | 15% | 3.8× | 3.8% | +6.8% |
| Bharti Hexacom BHARTIHEXA.NS | India | $8.84B | +10% | +8% | 29% | 9.2× | 33.4% | +15.2% |
| Airtel Africa AAF.L | United Kingdom | $13.5B | -33% | +27% | 34% | 2.5× | -1.2% | +10.0% |
| Telecom Italia TIT.MI | Italy | $13.6B | -20% | 0% | 11% | 1.8× | 5.3% | -2.8% |
| TIM S.A. Sponsored ADR TIMB | United States | $8.61B | -24% | +14% | 25% | 2.1× | -12.4% | +7.3% |
| Millicom International Cellular TIGO | United States | $13.9B | +3% | +29% | 23% | 3.5× | 3.6% | +6.9% |
| TELUS T.TO | Canada | $14.5B | -27% | -1% | 15% | 2.5× | 2.6% | +5.8% |
| Vodafone Idea IDEA.NS | India | $14.6B | +14% | +3% | -6% | 7.3× | 29.6% | +1.3% |
| Telefonica Brasil SA Sponsored ADR VIV | United States | $18.2B | -27% | +16% | 16% | 1.7× | -3.6% | +5.0% |
| Rogers Communications RCI-B.TO | Canada | $18.3B | -6% | +8% | 23% | 3.3× | 1.1% | +9.3% |
| Elisa ELISA.HE | Finland | $6.11B | -17% | 0% | 20% | 3.1× | -2.7% | +3.6% |
| TPG Telecom TPG.AX | Australia | $5.58B | +1% | -5% | 8% | 2.4× | 8.1% | +3.0% |
| Orange Polska OPL.WA | Poland | $5.53B | +7% | +5% | 9% | 2.1× | 13.2% | +2.7% |
| VEON Ltd. Sponsored ADR VEON | United States | $4.95B | +57% | +15% | 23% | 1.8× | -4.8% | -9.1% |
| Turkcell Iletisim Hizmetleri A.S. Sponsored ADR TKC | United States | $4.02B | -31% | +16% | 15% | 1.0× | -12.0% | +8.1% |
| Sunrise Communications SUNN.SW | Switzerland | $3.92B | +2% | -1% | 3% | 3.0× | 21.2% | n/a |
| Telephone and Data Systems TDS | United States | $3.54B | -29% | -74% | -3% | 3.1× | n/a | n/a |
| Guangzhou Haige Communications 002465.SZ | China | $3.43B | -38% | +1% | -16% | 6.0× | n/a | n/a |