GSAT
Globalstar, Inc.
GSAT offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TMUS
T-Mobile US, Inc.
TMUS has the edge over GSAT overall, supported by stronger valuation and stronger modeled upside.
GSAT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Healthy | |
| Strong |
GSAT's cash flow and balance sheet are currently healthy, and its revenue is stable, but its profitability is under pressure.
TMUS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TMUS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
GSAT PE Valuation
GSAT has no meaningful PE right now: it lost money over the past year.
TMUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $171 | — |
| Current | 16x | $171 | — |
| Cheap | 21x | $218 | +27% |
| Fair | 26x | $274 | +60% |
| Expensive | 56x | $581 | +240% |
Historical ranges are pointers, not guarantees.
TMUS's PE is in its cheap range at 16x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
GSAT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| -- | |
| Limited | |
| -- |
Analysts expect GSAT's losses to shrink, with revenue growing.
TMUS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TMUS, with profitability improving.
GSAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.64 | -$0.18 |
| Q2 2026 | -$0.51 | -$0.06 |
| Q1 2026 | -$0.15 | +$0.58 |
| Q4 2025 | -$0.15 | +$0.57 |
| Q3 2025 | -$0.46 | +$0.14 |
| Q2 2025 | -$0.45 | +$0.15 |
| Q1 2025 | -$0.73 | -$0.28 |
| Q4 2024 | -$0.72 | -$0.42 |
GSAT is still losing money, but far less than before: $0.64 per share over the past year, against $2.10 at its worst in late 2022.
TMUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.49 | +30% |
| Q3 2026 | $10.37 | -0.2% |
| Q2 2026 | $9.56 | -9.7% |
| Q1 2026 | $9.41 | -8.1% |
| Q4 2025 | $9.72 | +0.6% |
| Q3 2025 | $10.39 | +18% |
| Q2 2025 | $10.59 | +33% |
| Q1 2025 | $10.24 | +39% |
| Q4 2024 | $9.66 | +39% |
TMUS has the edge over GSAT on earnings quality, reporting a profit while its opponent remains loss making.
GSAT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $70.9M | -4% |
| Q2 2026 | $64.8M | -3.5% |
| Q1 2026 | $70.1M | +17% |
| Q4 2025 | $72M | +18% |
| Q3 2025 | $73.8M | +2.1% |
| Q2 2025 | $67.1M | +11% |
| Q1 2025 | $60M | +6.3% |
| Q4 2024 | $61.2M | +17% |
GSAT's revenue is growing: $71M last quarter, down 4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | -3 points |
| Q2 2026 | -7.4% | -17 points |
| Q1 2026 | 12% | +26 points |
| Q4 2025 | -0.5% | +6.4 points |
| Q3 2025 | 14% | +0.7 points |
| Q2 2025 | 9.2% | +12 points |
| Q1 2025 | -14% | -5.8 points |
| Q4 2024 | -7% | +16 points |
GSAT's operating margin was 11% last quarter, down 3 points from the same quarter a year ago.
TMUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $23.6B | +7.4% |
| Q2 2026 | $22.8B | +7.9% |
| Q1 2026 | $23.1B | +11% |
| Q4 2025 | $24.3B | +11% |
| Q3 2025 | $22B | +8.9% |
| Q2 2025 | $21.1B | +6.9% |
| Q1 2025 | $20.9B | +6.6% |
| Q4 2024 | $21.9B | +6.8% |
TMUS's revenue has grown year over year for 10 quarters in a row: $23.6B last quarter, up 7.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +3.4 points |
| Q2 2026 | 24% | -0.6 points |
| Q1 2026 | 19% | -3.5 points |
| Q4 2025 | 15% | -5.6 points |
| Q3 2025 | 21% | -3.2 points |
| Q2 2025 | 25% | +1.3 points |
| Q1 2025 | 23% | +2.6 points |
| Q4 2024 | 21% | +4 points |
TMUS has the edge over GSAT on profitability, with a higher operating margin.
GSAT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $136.1M | -42% |
| Q2 2026 | $123M | -21% |
| Q1 2026 | $33.7M | -34% |
| Q4 2025 | $174.6M | -49% |
| Q3 2025 | $234.6M | +652% |
| Q2 2025 | $156.2M | +362% |
| Q1 2025 | $50.7M | +82% |
| Q4 2024 | $339.5M | +8745% |
GSAT still generates free cash flow, though less than at its 2024 peak: $467M over the past year.
TMUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.1B | +5.3% |
| Q2 2026 | $4.8B | +4.4% |
| Q1 2026 | $4.6B | +4.6% |
| Q4 2025 | $4.2B | +25% |
| Q3 2025 | $4.8B | +15% |
| Q2 2025 | $4.6B | +32% |
| Q1 2025 | $4.4B | +79% |
| Q4 2024 | $3.3B | +2% |
TMUS generated $18.7B in free cash flow over the past year, up 8.8% from the year before.
GSAT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +459K shares |
| 1 year | +2.3% | +2.9M shares |
| 3 years | +5.9% | +7.2M shares |
| 5 years | +8.4% | +10M shares |
| Available history | +34% | +32.7M shares |
GSAT has 130M diluted shares, up 2.3% from a year ago.
TMUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -10.8M shares |
| 1 year | -4.9% | -55M shares |
| 3 years | -8.8% | -103M shares |
| 5 years | -15% | -182M shares |
| Available history | +24% | +207M shares |
TMUS has the edge over GSAT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.4B |
| Q2 2026 | $2.3B |
| Q1 2026 | $4.8B |
| Q4 2025 | $2.4B |
| Q3 2025 | $2.5B |
| Q2 2025 | $2.6B |
| Q1 2025 | $2.5B |
| Q4 2024 | $4.7B |
TMUS spent $12B buying back its own shares over the past year, down 1.7% from the year before.
GSAT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | -0.6x | Net Cash |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | 2.0x | Healthy |
| Q1 2025 | 3.1x | Elevated |
| Q4 2024 | 1.4x | Healthy |
GSAT's net debt is less than a year of its operating earnings (EBITDA), down from 1.7 years a year ago.
TMUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.0x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | 2.4x | Moderate |
TMUS has the edge over GSAT on leverage, with a lower net debt burden relative to earnings.
GSAT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.4 | Neutral |
| Stochastic | 76.4 | Neutral |
GSAT's weekly RSI is 69 (neutral) and its Stochastic is 76 (neutral).
TMUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 42.1 | Neutral |
TMUS's weekly RSI is 48 (neutral) and its Stochastic is 42 (neutral).
GSAT PE vs Communication Services Sector
GSAT has no meaningful PE right now: it lost money over the past year.
TMUS PE vs Communication Services Sector
| Metric | TMUS | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | Same PE |
| PE % | 1 | 26 | 25 pts below |
TMUS is trading at 16x earnings, in line with the Communication Services sector's median of 16x.
GSAT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $83.5 | 3.3% above |
| 20 week MA | $82.4 | 4.7% above |
| 50 week MA | $75.0 | 15% above |
| 100 week MA | $52.2 | 65% above |
| 200 week MA | $36.1 | 139% above |
GSAT has the edge over TMUS on trend strength, trading above more of its moving averages.
TMUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $159.1 | 7.5% above |
| 20 week MA | $172.0 | 0.5% below |
| 50 week MA | $187.8 | 8.9% below |
| 100 week MA | $212.9 | 20% below |
| 200 week MA | $188.7 | 9.4% below |
TMUS has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 9.4% below its 200-week average.
GSAT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.44 | $5.69 | -24% |
| 2021 | $5.69 | $18.8 | +230% |
| 2022 | $18.8 | $19.4 | +3.2% |
| 2023 | $19.4 | $29.1 | +50% |
| 2024 | $29.1 | $32.3 | +11% |
| 2025 | $32.3 | $62.9 | +95% |
| 2026 YTD | $62.9 | $86.2 | +37% |
GSAT has the edge over TMUS on returns for 2026, with the stronger performance.
TMUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.2 | $132.9 | +72% |
| 2021 | $132.9 | $119.9 | -9.8% |
| 2022 | $119.9 | $140.0 | +17% |
| 2023 | $140.0 | $160.3 | +15% |
| 2024 | $160.3 | $223.0 | +39% |
| 2025 | $223.0 | $201.0 | -9.9% |
| 2026 YTD | $201.0 | $171.0 | -15% |
TMUS has finished higher in four of the last six years. It's down 15% so far in 2026.