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Calix vs Globalstar: revenue, profit, margins and growth compared

Calix brought in $1B of revenue in fiscal 2025, Globalstar $273M in fiscal 2025. Revenue changed by +20.3% at Calix and +9.0% at Globalstar on the year before, so Calix grew faster. Calix kept 1.8% of its revenue as net profit, Globalstar -3.2%.

Side by side, latest fiscal year

CALXGSAT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1B$273M
Revenue growth+20.3%+9.0%
Net income$17.9M-$8.7M
Net margin1.8%-3.2%
Free cash flow$115.5Mn/a
Free cash flow margin11.6%n/a
Earnings per share (diluted)$0.26-$0.15
Cash$143.1M$447.5M
Debtn/a$483.8M
Price to earnings127.5n/a
Market value$2.1B$10.7B
Dividend yieldn/an/a
Rank by revenue in sector#459 of 778 · Consumer discretionary#628 of 778 · Consumer discretionary

Over the years

Revenue
CALX FY2018: $441.3MCALX FY2019: $424.3MCALX FY2020: $541.2MCALX FY2021: $679.4MCALX FY2022: $867.8MCALX FY2023: $1BCALX FY2024: $831.5MCALX FY2025: $1BGSAT FY2018: $130.1MGSAT FY2019: $131.7MGSAT FY2020: $128.5MGSAT FY2021: $124.3MGSAT FY2022: $148.5MGSAT FY2023: $223.8MGSAT FY2024: $250.3MGSAT FY2025: $273MFY18FY19FY20FY21FY22FY23FY24FY25
CALX $1BGSAT $273M
Net income
CALX FY2018: -$19.3MCALX FY2019: -$17.7MCALX FY2020: $33.5MCALX FY2021: $238.4MCALX FY2022: $41MCALX FY2023: $29.3MCALX FY2024: -$29.7MCALX FY2025: $17.9MGSAT FY2018: -$6.5MGSAT FY2019: $15.3MGSAT FY2020: -$109.6MGSAT FY2021: -$112.6MGSAT FY2022: -$256.9MGSAT FY2023: -$24.7MGSAT FY2024: -$63.2MGSAT FY2025: -$8.7MFY18FY19FY20FY21FY22FY23FY24FY25
CALX $17.9MGSAT -$8.7M
Net margin
CALX FY2018: -4.4%CALX FY2019: -4.2%CALX FY2020: 6.2%CALX FY2021: 35.1%CALX FY2022: 4.7%CALX FY2023: 2.8%CALX FY2024: -3.6%CALX FY2025: 1.8%GSAT FY2018: -5.0%GSAT FY2019: 11.6%GSAT FY2020: -85.3%GSAT FY2021: -90.6%GSAT FY2022: -173.0%GSAT FY2023: -11.0%GSAT FY2024: -25.2%GSAT FY2025: -3.2%FY18FY19FY20FY21FY22FY23FY24FY25
CALX 1.8%GSAT -3.2%
Revenue growth
CALX FY2019: -3.8%CALX FY2020: +27.6%CALX FY2021: +25.5%CALX FY2022: +27.7%CALX FY2023: +19.8%CALX FY2024: -20.0%CALX FY2025: +20.3%GSAT FY2019: +1.2%GSAT FY2020: -2.5%GSAT FY2021: -3.3%GSAT FY2022: +19.5%GSAT FY2023: +50.7%GSAT FY2024: +11.9%GSAT FY2025: +9.0%FY19FY20FY21FY22FY23FY24FY25
CALX +20.3%GSAT +9.0%
Free cash flow
CALX FY2018: -$6.9MCALX FY2019: -$8.7MCALX FY2020: $43.6MCALX FY2021: $46.3MCALX FY2022: $13.1MCALX FY2023: $38.4MCALX FY2024: $50.3MCALX FY2025: $115.5MGSAT FY2018: -$1.4MGSAT FY2019: -$1.5MFY18FY19FY20FY21FY22FY23FY24FY25
CALX $115.5MGSAT -$1.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Calix and Globalstar

Which is bigger by revenue, Calix or Globalstar?

Calix is bigger by revenue: $1B in fiscal 2025, against $273M for Globalstar in fiscal 2025.

Which keeps more of its revenue as profit, Calix or Globalstar?

Calix had a net margin of 1.8% in fiscal 2025; Globalstar had -3.2% in fiscal 2025.

Which grew revenue faster, Calix or Globalstar?

In their latest fiscal years revenue changed by +20.3% at Calix and +9.0% at Globalstar.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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