Globalstar, Inc. (GSAT) intrinsic value & 10-year financials
Globalstar, Inc. (GSAT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 12.2% a year to $273.0M, with an average return on invested capital of -8.7%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $82.38
- Market cap
- $10.4B
- Revenue (FY2025)
- $273.0M
- Revenue growth (10-yr CAGR)
- 12.2%
- ROIC (10-yr avg)
- -8.7%
- Free cash flow (FY2025)
- $616.1M
GSAT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $273.0M | -$8.7M | -$0.15 | $616.1M | 2.7% | 1.6% |
| FY2024 | $250.3M | -$63.2M | -$0.59 | $432.4M | -0.4% | -0.2% |
| FY2023 | $223.8M | -$24.7M | -$0.02 | $67.4M | -0.1% | -0.0% |
| FY2022 | $148.5M | -$256.9M | -$0.14 | $56.7M | -148.8% | -41.7% |
| FY2021 | $124.3M | -$112.6M | -$0.06 | $125.6M | -52.7% | -9.2% |
| FY2020 | $128.5M | -$109.6M | -$0.07 | $17.1M | -46.0% | -7.0% |
| FY2019 | $131.7M | $15.3M | -$0.07 | -$1.5M | -48.6% | -7.3% |
| FY2018 | $130.1M | -$6.5M | -$0.01 | -$1.4M | -36.4% | -6.0% |
| FY2017 | $112.7M | -$89.1M | -$0.08 | $8.3M | -61.1% | -9.2% |
| FY2016 | $96.9M | -$132.6M | -$0.12 | -$572.0K | -65.7% | -8.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Globalstar, Inc. is a consistent compounder, expanding top-line revenue at 12.2% annually over the past decade.
Globalstar, Inc. has historically struggled to out-earn its cost of capital, averaging just -8.7% ROIC.
Over the decade, Globalstar, Inc. shows that management has aggressively returned capital to shareholders by retiring 88.1% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Globalstar, Inc. is modeled at 12.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-4.26 per share.