Is AST SpaceMobile Stock Outperforming Its Rivals?
AST SpaceMobile’s stock has significantly outperformed peers over the past year, but how does it truly measure up against rivals aiming to revolutionize satellite-to-phone connectivity? A closer look reveals promising revenue growth and a substantial market valuation reflecting immense future potential, yet it contends with deep unprofitability and negative cash flows. Its success hinges on achieving widespread commercial deployment of its BlueBird constellation against established players by late 2026, despite recent government contract wins.
- ASTS’s -1479.5% operating margin, lowest among peers, reflects heavy infrastructure investment pre-commercialization versus IRDM’s 26.7% from established operations.
- ASTS’s 641.2% revenue growth, outpacing peers, stems from early direct-to-device commercial agreements and contract milestones from a low base.
- ASTS’s 451.3% gain, outperforming peers, reflects future growth expectations for its direct-to-device network despite its -104.0 PE from heavy investment.
Here’s how AST SpaceMobile stacks up across size, valuation, and profitability versus key peers.
| ASTS | GSAT | IRDM | SATS | VSAT | TSAT | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 31.6 | 7.6 | 2.0 | 35.5 | 6.2 | 0.5 |
| Revenue ($ Bil) | 0.0 | 0.3 | 0.9 | 15.2 | 4.6 | 0.5 |
| PE Ratio | -104.0 | -161.3 | 16.1 | -2.7 | -11.9 | -3.4 |
| LTM Revenue Growth | 641.2% | 8.5% | 7.3% | -5.3% | 1.2% | -25.8% |
| LTM Operating Margin | -1479.5% | 4.1% | 26.7% | -3.5% | -1.1% | 19.9% |
| LTM FCF Margin | -5094.0% | 108.0% | 35.0% | -11.6% | 3.2% | -4.9% |
| 12M Market Return | 451.3% | 115.6% | -29.0% | 382.7% | 442.4% | 125.8% |
For more details on AST SpaceMobile, read Buy or Sell ASTS Stock. Below we compare ASTS’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ASTS | 641.2% | – | ∞% | -100.0% | 11.4% |
| GSAT | 8.5% | – | 11.9% | 50.7% | 19.5% |
| IRDM | 7.3% | – | 5.1% | 9.7% | 17.3% |
| SATS | -5.3% | – | -7.0% | -8.7% | -6.0% |
| VSAT | 1.2% | 5.5% | 67.6% | 5.7% | |
| TSAT | -25.8% | – | -18.9% | -7.2% | 0.1% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ASTS | -1479.5% | – | -5494.8% | � | -1054.4% |
| GSAT | 4.1% | – | -0.2% | 0.1% | -36.7% |
| IRDM | 26.7% | – | 24.1% | 10.3% | 10.6% |
| SATS | -3.5% | – | -1.9% | 2.8% | 12.0% |
| VSAT | -1.1% | -2.2% | -20.8% | -6.1% | |
| TSAT | 19.9% | – | 39.3% | 92.1% | 39.0% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ASTS | -104.0 | – | -37.4 | -19.7 | -10.4 |
| GSAT | -161.3 | – | -121.6 | -153.7 | -13.6 |
| IRDM | 16.1 | – | 18.3 | 236.4 | 605.2 |
| SATS | -2.7 | – | -249.2 | -3.6 | 1.8 |
| VSAT | -11.9 | -7.7 | -0.9 | 2.0 | |
| TSAT | -3.4 | – | -4.6 | 1.4 | -5.4 |
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