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GSAT vs SATS
Globalstar (GSAT) vs EchoStar (SATS) Earnings Recap: Recent Results Highlight Divergent Paths in Satellite Sector
Key Takeaways
- Globalstar (GSAT) reported record full-year 2025 revenue of $273 million, up 9% year-over-year, with Q4 revenue at $72 million.
- EchoStar (SATS) posted Q4 2025 revenue of $3.8 billion, down 4% year-over-year, amid subscriber declines across segments.
- GSAT achieved a 50% adjusted EBITDA margin for 2025, issuing 2026 guidance of $280-$305 million in revenue.
- SATS recorded a Q4 net loss of $1.21 billion, driven by $17.63 billion in non-cash impairments, with full-year revenue at $15 billion.
- Both operate in satellite communications but differ in scale: GSAT focuses on IoT and government growth, while SATS grapples with pay-TV and broadband challenges.
- GSAT market cap ~$7.9B; SATS ~$34B, reflecting broader telecom exposure.
Earnings Context and Why This Comparison Matters
Recent earnings from Globalstar and EchoStar provide a snapshot of contrasting dynamics in the satellite communications industry. Both companies leverage satellite technology for connectivity, but GSAT emphasizes narrowband IoT and emerging direct-to-device services, while SATS maintains a diversified portfolio spanning pay-TV, broadband, and wireless. This comparison matters as investors weigh growth potential in specialized satellite IoT against stability in larger-scale telecom services, amid rising demand for global connectivity solutions.
EchoStar (SATS) Focus
EchoStar released its Q4 and full-year 2025 earnings on March 2, 2026, revealing total revenue of $3.80 billion for the quarter, a 4% decline from the prior year, and $15.00 billion for the year, down from $15.83 billion. The company reported a Q4 net loss attributable to EchoStar shareholders of $1.21 billion, primarily due to $17.63 billion in non-cash asset impairments and other expenses. Adjusted OIBDA stood at $583.7 million for Q4. Pay-TV revenue fell to $2.36 billion amid a net subscriber loss of 168,000, while broadband subscribers declined by 44,000. Retail wireless revenue rose to $957.6 million, though the segment posted negative adjusted OIBDA. High debt levels of $18.66 billion and ongoing network decommissioning costs highlight execution risks in transitioning operations.
Globalstar (GSAT) Context
Globalstar announced its Q4 and full-year 2025 results on February 27, 2026, posting record annual revenue of $273.0 million, up 9% year-over-year, with Q4 revenue at $72.0 million driven by 17% service revenue growth and 31% equipment sales increase. The full-year net loss improved to $8.7 million from $63.2 million in 2024, with adjusted EBITDA reaching a record $136.1 million at a 50% margin. Commercial IoT subscribers grew 6%, with hardware sales and activations up 50% following the RM200M module rollout. Government programs advanced via defense contracts and XCOM RAN developments. For 2026, GSAT guides revenue to $280-$305 million with ~50% EBITDA margins, signaling sustained momentum in IoT and infrastructure expansion.
Head-to-Head Earnings and Market Comparison
Globalstar and EchoStar diverge sharply in earnings profiles. GSAT's smaller scale yields consistent revenue growth and margin expansion, fueled by IoT (6% subscriber rise) and government wins, contrasting SATS' revenue contraction from pay-TV erosion and broadband losses. GSAT EPS TTM is -$0.46 with revenue TTM $273 million; SATS EPS TTM -$45.02 on $15 billion revenue. Growth drivers favor GSAT's two-way IoT and next-gen satellites, while SATS faces subscriber churn and $18.7 billion debt risks. Market sentiment leans toward GSAT's execution amid SATS' impairments.
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Tickeron AI Verdict
Tickeron AI favors GSAT with 65% probability over the next 12 months, citing superior earnings growth trajectory, 50% EBITDA margins, and IoT momentum versus SATS' impairment-driven losses and subscriber pressures, despite the latter's scale.
Disclaimer
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To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is GSAT is a Hold and SATS is a Hold.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
GSAT’s FA Score shows that 2 FA rating(s) are green whileSATS’s FA Score has 2 green FA rating(s).
- GSAT’s FA Score: 2 green, 3 red.
- SATS’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
GSAT’s TA Score shows that 3 TA indicator(s) are bullish while SATS’s TA Score has 2 bullish TA indicator(s).
- GSAT’s TA Score: 3 bullish, 6 bearish.
- SATS’s TA Score: 2 bullish, 7 bearish.
Price Growth
GSAT (@Major Telecommunications) experienced а -2.40% price change this week, while SATS (@Major Telecommunications) price change was -9.79% for the same time period.
The average weekly price growth across all stocks in the @Major Telecommunications industry was -3.99%. For the same industry, the average monthly price growth was -4.29%, and the average quarterly price growth was +5.89%.
Reported Earning Dates
GSAT is expected to report earnings on Jul 30, 2026.
SATS is expected to report earnings on Jul 30, 2026.
Industries' Descriptions
@Major Telecommunications (-3.99% weekly)Major telecommunications include companies that make communication possible across the globe – by providing voice and data transmission via multiple channels such as phone or the Internet, through airwaves or cables, through wires or wirelessly. The ease with which we connect with anyone, anywhere in the world is thanks in large part to the infrastructure created by the telecom industry. Some major telecom players include AT&T Inc., Verizon Communications Inc. and Nippon Telegraph and Telephone Corporation.
| GSAT | SATS | GSAT / SATS | |
| Capitalization | 10.3B | 30.8B | 33% |
| EBITDA | 108M | -15.7B | -1% |
| Gain YTD | 30.750 | -2.180 | -1,410% |
| P/E Ratio | N/A | N/A | - |
| Revenue | 283M | 14.8B | 2% |
| Total Cash | 358M | 1.52B | 24% |
| Total Debt | 529M | 28.2B | 2% |
GSAT | SATS | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 69 | 58 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 95 Overvalued | 80 Overvalued | |
PROFIT vs RISK RATING 1..100 | 21 | 20 | |
SMR RATING 1..100 | 94 | 99 | |
PRICE GROWTH RATING 1..100 | 37 | 38 | |
P/E GROWTH RATING 1..100 | 10 | 31 | |
SEASONALITY SCORE 1..100 | 50 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
SATS's Valuation (80) in the Telecommunications Equipment industry is in the same range as GSAT (95) in the Wireless Telecommunications industry. This means that SATS’s stock grew similarly to GSAT’s over the last 12 months.
SATS's Profit vs Risk Rating (20) in the Telecommunications Equipment industry is in the same range as GSAT (21) in the Wireless Telecommunications industry. This means that SATS’s stock grew similarly to GSAT’s over the last 12 months.
GSAT's SMR Rating (94) in the Wireless Telecommunications industry is in the same range as SATS (99) in the Telecommunications Equipment industry. This means that GSAT’s stock grew similarly to SATS’s over the last 12 months.
GSAT's Price Growth Rating (37) in the Wireless Telecommunications industry is in the same range as SATS (38) in the Telecommunications Equipment industry. This means that GSAT’s stock grew similarly to SATS’s over the last 12 months.
GSAT's P/E Growth Rating (10) in the Wireless Telecommunications industry is in the same range as SATS (31) in the Telecommunications Equipment industry. This means that GSAT’s stock grew similarly to SATS’s over the last 12 months.
| GSAT | SATS | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 76% | 2 days ago 78% |
| Stochastic ODDS (%) | 2 days ago 80% | 2 days ago 76% |
| Momentum ODDS (%) | 2 days ago 85% | 2 days ago 78% |
| MACD ODDS (%) | N/A | 2 days ago 81% |
| TrendWeek ODDS (%) | 2 days ago 77% | 2 days ago 77% |
| TrendMonth ODDS (%) | 2 days ago 80% | 2 days ago 73% |
| Advances ODDS (%) | 6 days ago 80% | 8 days ago 76% |
| Declines ODDS (%) | 14 days ago 82% | 2 days ago 77% |
| BollingerBands ODDS (%) | 2 days ago 74% | N/A |
| Aroon ODDS (%) | 2 days ago 82% | 2 days ago 68% |
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GSAT and
Correlation & Price change
A.I.dvisor indicates that over the last year, GSAT has been loosely correlated with S. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if GSAT jumps, then S could also see price increases.
| Ticker / NAME | Correlation To GSAT | 1D Price Change % | ||
|---|---|---|---|---|
| GSAT | 100% | -0.75% | ||
| S - GSAT | 43% Loosely correlated | -1.86% | ||
| IRDM - GSAT | 35% Loosely correlated | -2.85% | ||
| SATS - GSAT | 33% Poorly correlated | -2.60% | ||
| ATEX - GSAT | 30% Poorly correlated | +3.45% | ||
| ASTS - GSAT | 29% Poorly correlated | -9.26% | ||
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SATS and
Correlation & Price change
A.I.dvisor tells us that SATS and GSAT have been poorly correlated (+32% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SATS and GSAT's prices will move in lockstep.
| Ticker / NAME | Correlation To SATS | 1D Price Change % | ||
|---|---|---|---|---|
| SATS | 100% | -2.60% | ||
| GSAT - SATS | 32% Poorly correlated | -0.75% | ||
| LITE - SATS | 32% Poorly correlated | +5.17% | ||
| EXTR - SATS | 31% Poorly correlated | +1.59% | ||
| GILT - SATS | 31% Poorly correlated | -4.78% | ||
| CRDO - SATS | 30% Poorly correlated | +11.29% | ||
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