To accurately estimate source and sink locations of carbon dioxide, systematic errors in satellite measurements and models must be characterized. This paper examines two satellite data sets (GOSAT, launched 2009, and SCIAMACHY, launched 2002), and two models (CarbonTracker and MACC) vs. the TCCON CO2 validation data set. We assess biases and errors by season and latitude, satellite performance under averaging, and diurnal variability. Our findings are useful for assimilation of satellite data.