ASTS
AST SpaceMobile, Inc.
ASTS offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
KVHI
KVH Industries, Inc.
KVHI has the edge over ASTS overall, supported by lower modeled downside and stronger fundamentals.
ASTS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
ASTS's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
KVHI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Weak | |
| Strong |
KVHI's revenue and balance sheet are currently strong, and its profitability is stable, but its cash flow is weak.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
KVHI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.2x | $0.13 | -98% |
| Fair | 5.6x | $0.17 | -98% |
| Expensive | 9.3x | $0.28 | -96% |
| Forward | 13x | $7.37 | — |
| Current | 246x | $7.37 | — |
Historical ranges are pointers, not guarantees.
KVHI's PE is in its expensive range at 246x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
ASTS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect ASTS's losses to grow, with revenue growing. However, they disagree widely on these estimates.
KVHI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for KVHI, with profitability improving.
ASTS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.15 | -$0.91 |
| Q2 2026 | -$2.16 | -$0.27 |
| Q1 2026 | -$1.80 | +$0.19 |
| Q4 2025 | -$1.34 | +$0.61 |
| Q3 2025 | -$1.24 | +$0.88 |
| Q2 2025 | -$1.89 | -$0.64 |
| Q1 2025 | -$1.99 | -$1.01 |
| Q4 2022 | -$0.58 | -$0.21 |
ASTS is still losing money, but far less than before: $2.15 per share over the past year, against $5.76 at its worst in mid-2021.
KVHI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.58 | +1833% |
| Q3 2026 | $0.03 | +$0.66 |
| Q2 2026 | -$0.30 | +$0.03 |
| Q1 2026 | -$0.26 | +$0.24 |
| Q4 2025 | -$0.38 | +$0.19 |
| Q3 2025 | -$0.63 | +$0.35 |
| Q2 2025 | -$0.33 | +$0.81 |
| Q1 2025 | -$0.50 | +$0.47 |
| Q4 2024 | -$0.57 | +$0.24 |
KVHI has the edge over ASTS on earnings quality, reporting a profit while its opponent remains loss making.
ASTS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $42.3M | +187% |
| Q2 2026 | $31.5M | +2627% |
| Q1 2026 | $14.7M | +1952% |
| Q4 2025 | $54.3M | +2731% |
| Q3 2025 | $14.7M | +1240% |
| Q2 2025 | $1.2M | +28% |
| Q1 2025 | $718K | +44% |
| Q3 2022 | $4.2M | +70% |
ASTS has the edge over KVHI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -415% | +694 points |
| Q2 2026 | -948% | +10744 points |
| Q1 2026 | -1686% | +7083 points |
| Q4 2025 | -175% | +2446 points |
| Q3 2025 | -1109% | +4850 points |
| Q2 2025 | -11692% | -4693 points |
| Q1 2025 | -8769% | +2331 points |
| Q4 2024 | -2621% | N/A |
ASTS's operating margin was −415% last quarter, up 694 points from the same quarter a year ago.
KVHI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $38.4M | +35% |
| Q2 2026 | $33.7M | +27% |
| Q1 2026 | $32.3M | +27% |
| Q4 2025 | $30.5M | +13% |
| Q3 2025 | $28.5M | -1.8% |
| Q2 2025 | $26.6M | -7.1% |
| Q1 2025 | $25.4M | -13% |
| Q4 2024 | $26.9M | -14% |
KVHI's revenue has grown year over year for four quarters in a row: $38M last quarter, up 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3.2% | +24 points |
| Q2 2026 | -0.2% | +1.2 points |
| Q1 2026 | -0.4% | +8.5 points |
| Q4 2025 | -3% | +8.9 points |
| Q3 2025 | -27% | -20 points |
| Q2 2025 | -1.4% | +8.7 points |
| Q1 2025 | -8.8% | +4.2 points |
| Q4 2024 | -12% | +27 points |
KVHI has the edge over ASTS on profitability, with a higher operating margin.
ASTS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$464.2M | -$161.4M |
| Q2 2026 | -$694.8M | -$341.1M |
| Q1 2026 | -$309.7M | -$160.7M |
| Q4 2025 | -$330.7M | -$220.3M |
| Q3 2025 | -$302.9M | -$239.1M |
| Q2 2025 | -$353.6M | -$315.3M |
| Q1 2025 | -$149M | -$61.3M |
| Q4 2024 | -$110.5M | -$63.2M |
ASTS has burned cash in almost every quarter: −$1.8B over the past year, against −$916M the year before.
KVHI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.3M | -60% |
| Q2 2026 | $672K | -76% |
| Q1 2026 | -$10.8M | -$8.4M |
| Q4 2025 | -$1.6M | -$1.2M |
| Q3 2025 | $8.4M | +1900% |
| Q2 2025 | $2.7M | +$20.1M |
| Q1 2025 | -$2.4M | +$765K |
| Q4 2024 | -$444K | -125% |
KVHI has the edge over ASTS on cash flow, with more consistent year-over-year improvement.
ASTS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +1.1M shares |
| 1 year | +10% | +27.3M shares |
| 3 years | +235% | +211M shares |
| 5 years | +480% | +248M shares |
| Available history | +944% | +271M shares |
ASTS has 300M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
KVHI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -7.2% | -1.4M shares |
| 1 year | -5.7% | -1.1M shares |
| 3 years | -5.1% | -980K shares |
| 5 years | -1.7% | -315K shares |
| Available history | +4.5% | +792K shares |
KVHI has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10.7M |
| Q2 2026 | $2.3M |
| Q1 2026 | $206,000 |
| Q4 2025 | $371,000 |
| Q3 2025 | $116,000 |
| Q2 2025 | $1.1M |
| Q1 2025 | $163,000 |
| Q4 2024 | — |
KVHI spent $14M buying back its own shares over the past year, about 10 times what it spent the year before.
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
KVHI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -7.1x | Net Cash |
| Q2 2026 | -47.7x | Net Cash |
| Q1 2026 | -49.0x | Net Cash |
| Q2 2025 | -14.0x | Net Cash |
| Q1 2025 | -18.6x | Net Cash |
| Q4 2024 | -35.7x | Net Cash |
| Q3 2023 | -1.3x | Net Cash |
| Q2 2023 | -1.1x | Net Cash |
KVHI has more cash than debt.
ASTS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 11.9 | Oversold |
ASTS's weekly RSI is 34 (neutral) and its Stochastic is 12 (oversold).
KVHI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.5 | Neutral |
| Stochastic | 40.9 | Neutral |
KVHI's weekly RSI is 48 (neutral) and its Stochastic is 41 (neutral).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
KVHI PE vs Technology Sector
| Metric | KVHI | Sector median | Relative |
|---|---|---|---|
| PE | 246x | 28x | 782% above |
| PE % | 100 | 35 | 65 pts above |
KVHI is trading at 246x earnings, a 782% premium to the Technology sector's median of 28x.
ASTS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.9 | 23% below |
| 20 week MA | $57.1 | 40% below |
| 50 week MA | $75.5 | 54% below |
| 100 week MA | $57.8 | 40% below |
| 200 week MA | $33.6 | 2.8% above |
ASTS has fallen below most of its moving averages, though it's still 2.8% above its 200-week average.
KVHI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.87 | 7.3% above |
| 20 week MA | $7.68 | 4% below |
| 50 week MA | $7.89 | 6.6% below |
| 100 week MA | $6.70 | 10% above |
| 200 week MA | $6.54 | 13% above |
KVHI has the edge over ASTS on trend strength, trading above more of its moving averages.
ASTS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.87 | $13.4 | +36% |
| 2021 | $13.4 | $8.71 | -35% |
| 2022 | $8.71 | $3.97 | -54% |
| 2023 | $3.97 | $6.03 | +52% |
| 2024 | $6.03 | $22.9 | +280% |
| 2025 | $22.9 | $72.0 | +214% |
| 2026 YTD | $72.0 | $34.5 | -52% |
ASTS's yearly returns have swung widely, from +280% in 2024 to −54% in 2022. It's down 52% so far in 2026.
KVHI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.2 | $10.4 | -6.7% |
| 2021 | $10.4 | $8.99 | -14% |
| 2022 | $8.99 | $9.40 | +4.6% |
| 2023 | $9.40 | $5.26 | -44% |
| 2024 | $5.26 | $5.55 | +5.5% |
| 2025 | $5.55 | $6.79 | +22% |
| 2026 YTD | $6.79 | $7.37 | +8.5% |
KVHI has the edge over ASTS on returns for 2026, with the stronger performance.