Telesat Corporation(TSAT)Earnings, Financials & Key Ratios
TSAT•NASDAQ
$49.12
$722M mkt cap·Price updated May 6, 2026
AboutTelesat Corporation, a satellite operator, provides mission-critical communications services to broadcast, enterprise, and consulting customers worldwide. The company's satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers' homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services. It offers value-added services, such as satellite capacity, digital encoding of video channels, authorization, and uplinking and downlinking services; and occasional use services for the broadcast of video news, sports, and live event coverages. The company also provides satellite capacity and end-to-end services, including space segment services and terrestrial facilities for enterprise connectivity, and internet and cellular backhaul; and rural telephony to telecommunications carriers and network services integrators. In addition, it offers broadband communication services to maritime and aeronautical markets comprising commercial airplanes and vessels; services to the U.S. government through government service integrators, and satellite services to the Canadian government; and direct-to-consumer broadband services. Further, the company operates satellite and hybrid satellite/terrestrial networks; and communications services for the oil and gas and mining industries. Additionally, it provides satellite operator services; and consulting services related to space and earth segments, government studies, satellite control, and research and development services. The company offers its services primarily through a direct sales force. As of December 31, 2021, it operated a fleet of 14 in-orbit geostationary satellites and a Canadian payload on the ViaSat-1 satellite. The company was founded in 1969 and is headquartered in Ottawa, Canada.Show more
- Revenue$418M-26.9%
- EBITDA$206M+109.5%
- Net Income-$155M-77.0%
- EPS (Diluted)-10.61-68.7%
- Gross Margin36.78%-60.6%
- EBITDA Margin49.33%+186.4%
- Operating Margin13.71%+294.4%
- Net Margin-37.17%-142.0%
- ROE-7.28%-103.1%
- ROIC0.87%+230.0%
- Debt/Equity2.00+59.3%
- Interest Coverage0.26+189.2%
TSAT Key Insights
Telesat Corporation (TSAT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 93 (top 7%)
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Sales declining 12.6% over 5 years
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TSAT Price & Volume
Telesat Corporation (TSAT) stock price & volume — 10-year historical chart
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TSAT Growth Metrics
Telesat Corporation (TSAT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-7.94%
5 Years-12.63%
3 Years-18.06%
TTM-26.82%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-76.99%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-65.31%
Return on Capital
10 Years6.62%
5 Years4.45%
3 Years3.21%
Last Year1.15%
TSAT Recent Earnings
Telesat Corporation (TSAT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (40%)●Beat Revenue 3/12 qtrs (30%)
Q2 2026Latest
May 5, 2026EPS
$2.21
Est $0.67
-231.5%
Revenue
$63M
Est $62M
+0.9%
Q2 2026
Mar 17, 2026EPS
$0.97
Est $0.85
-14.1%
Revenue
$68M
Est $67M
+1.5%
Q4 2025
Nov 4, 2025EPS
$1.73
Est $0.78
-121.8%
Revenue
$72M
Est $92M
-21.2%
Q3 2025
Aug 6, 2025EPS
$1.00
Est $0.69
+244.9%
Revenue
$78M
Est $99M
-21.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $2.21vs $0.67-231.5% | $63Mvs $62M+0.9% |
| Q2 2026 | Mar 17, 2026 | $0.97vs $0.85-14.1% | $68Mvs $67M+1.5% |
| Q4 2025 | Nov 4, 2025 | $1.73vs $0.78-121.8% | $72Mvs $92M-21.2% |
| Q3 2025 | Aug 6, 2025 | $1.00vs $0.69+244.9% | $78Mvs $99M-21.0% |
Based on last 12 quarters of dataView full earnings history →
TSAT Peer Comparison
Telesat Corporation (TSAT) competitors in Satellite Communications Equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SATS | 16.51B | 125.71 | -2.49 | -5.18% | -155.15% | -176.79% | 5.33 | |
 VSAT | 8.76B | 67.30 | -15.02 | 5.5% | -4.02% | -4% | 1.62 | |
 GSAT | 10.4B | 81.97 | -138.93 | 11.86% | -19.04% | -13.68% | 1.51 | |
 IRDM | 4.29B | 40.59 | 38.29 | 4.93% | 12.05% | 22.76% | 3.81 | |
 AMC | 1B | 1.64 | -1.33 | 4.57% | -10.88% | |||
 BA | 181.25B | 229.93 | 92.71 | 34.49% | 2.46% | 289.7% | 9.97 | |
 LMT | 118.52B | 514.26 | 23.93 | 5.65% | 6.38% | 74.53% | 3.23 | |
 NOC | 79.36B | 558.72 | 19.21 | 2.24% | 10.8% | 28.05% | 1.18 |
Compare TSAT vs Peers
Telesat Corporation (TSAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TSAT Income Statement
Telesat Corporation (TSAT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 927.41M | 902.93M | 910.89M | 820.47M | 758.21M | 759.17M | 704.16M | 571.04M | 417.62M |
| Revenue Growth % | -0.37% | -2.64% | 0.88% | -9.93% | -7.59% | 0.13% | -7.25% | -18.9% | -26.87% |
| Cost of Goods Sold | 187.69M | 389.39M | 37.22M | 33.37M | 30.21M | 54M | 38.52M | 37.97M | 264.03M |
| COGS % of Revenue | 20.24% | 43.12% | 4.09% | 4.07% | 3.98% | 7.11% | 5.47% | 6.65% | 63.22% |
| Gross Profit | 739.72M▲ 0% | 513.54M▼ 30.6% | 873.67M▲ 70.1% | 787.1M▼ 9.9% | 728M▼ 7.5% | 705.16M▼ 3.1% | 665.65M▼ 5.6% | 533.07M▼ 19.9% | 153.59M▼ 71.2% |
| Gross Margin % | 79.76% | 56.88% | 95.91% | 95.93% | 96.02% | 92.89% | 94.53% | 93.35% | 36.78% |
| Gross Profit Growth % | -2.14% | -30.58% | 70.13% | -9.91% | -7.51% | -3.14% | -5.6% | -19.92% | -71.19% |
| Operating Expenses | 36.46M | 45.6M | 395.38M | 382.56M | 318.87M | 408.71M | 96.8M | 573.34M | 96.34M |
| OpEx % of Revenue | 3.93% | 5.05% | 43.41% | 46.63% | 42.06% | 53.84% | 13.75% | 100.4% | 23.07% |
| Selling, General & Admin | 6.26M | 45.6M | 87.94M | 89.88M | 156.11M | 152.15M | 117.92M | 110.33M | 92.62M |
| SG&A % of Revenue | 0.68% | 5.05% | 9.65% | 10.96% | 20.59% | 20.04% | 16.75% | 19.32% | 22.18% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 307.44M | 292.68M | 162.76M | 256.56M | -21.12M | 463.01M | 3.72M |
| Operating Income | 486.07M▲ 0% | 467.95M▼ 3.7% | 478.29M▲ 2.2% | 404.54M▼ 15.4% | 409.12M▲ 1.1% | 296.45M▼ 27.5% | 568.85M▲ 91.9% | -40.27M▼ 107.1% | 57.24M▲ 242.2% |
| Operating Margin % | 52.41% | 51.83% | 52.51% | 49.31% | 53.96% | 39.05% | 80.78% | -7.05% | 13.71% |
| Operating Income Growth % | -2.04% | -3.73% | 2.21% | -15.42% | 1.13% | -27.54% | 91.88% | -107.08% | 242.17% |
| EBITDA | 733.46M | 717.11M | 744.53M | 638.62M | 628.88M | 500.19M | 764.61M | 98.35M | 206.02M |
| EBITDA Margin % | 79.09% | 79.42% | 81.74% | 77.84% | 82.94% | 65.89% | 108.58% | 17.22% | 49.33% |
| EBITDA Growth % | -2.03% | -2.23% | 3.82% | -14.23% | -1.53% | -20.46% | 52.86% | -87.14% | 109.48% |
| D&A (Non-Cash Add-back) | 247.39M | 249.16M | 266.24M | 234.08M | 219.75M | 203.73M | 195.76M | 138.61M | 148.77M |
| EBIT | 486.07M | 462.33M | 473.77M | 444.23M | 421.4M | 191.57M | 943.82M | -71.6M | 57.24M |
| Net Interest Income | 0 | 0 | -238.22M | -198.56M | -184.58M | -198.19M | -206.51M | -177.76M | -192.4M |
| Interest Income | 190.88M | 226.84M | 33.23M | 5.2M | 3.42M | 23.56M | 64.44M | 66.15M | 26.16M |
| Interest Expense | 0 | 0 | 271.45M | 203.76M | 187.99M | 221.76M | 270.96M | 243.91M | 218.56M |
| Other Income/Expense | 87.06M | -497.83M | -275.97M | -164.07M | -175.72M | -326.64M | 104.02M | -275.24M | -654.35M |
| Pretax Income | 585.3M▲ 0% | -29.88M▼ 105.1% | 202.32M▲ 777.1% | 240.47M▲ 18.9% | 233.4M▼ 2.9% | -30.19M▼ 112.9% | 672.87M▲ 2328.9% | -315.5M▼ 146.9% | -597.11M▼ 89.3% |
| Pretax Margin % | 63.11% | -3.31% | 22.21% | 29.31% | 30.78% | -3.98% | 95.56% | -55.25% | -142.98% |
| Income Tax | 80.25M | 61.06M | 15.12M | -4.35M | 71.03M | 51.41M | 89.6M | -13.04M | -67.32M |
| Effective Tax Rate % | 13.71% | -204.34% | 7.47% | -1.81% | 30.43% | -170.3% | 13.32% | 4.13% | 11.27% |
| Net Income | 505.04M▲ 0% | -90.94M▼ 118.0% | 187.2M▲ 305.9% | 244.82M▲ 30.8% | 92.53M▼ 62.2% | -23.76M▼ 125.7% | 157.12M▲ 761.2% | -87.72M▼ 155.8% | -155.23M▼ 77.0% |
| Net Margin % | 54.46% | -10.07% | 20.55% | 29.84% | 12.2% | -3.13% | 22.31% | -15.36% | -37.17% |
| Net Income Growth % | 72.43% | -118.01% | 305.86% | 30.78% | -62.2% | -125.68% | 761.16% | -155.83% | -76.96% |
| Net Income (Continuing) | 505.05M | -90.94M | 187.2M | 244.82M | 162.37M | -81.6M | 583.27M | -302.47M | -529.78M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 1.28B | 1.36B | 1.74B | 1.79B | 1.24B |
| EPS (Diluted) | 4.22▲ 0% | -0.76▼ 118.0% | 1.56▲ 305.3% | 3.71▲ 137.8% | 13.12▲ 253.6% | -1.90▼ 114.5% | 10.28▲ 641.1% | -6.29▼ 161.2% | -10.61▼ 68.7% |
| EPS Growth % | 72.24% | -118.01% | 305.26% | 137.82% | 253.64% | -114.48% | 641.05% | -161.19% | -68.68% |
| EPS (Basic) | 4.22 | -0.76 | 1.56 | 3.71 | 13.12 | -1.90 | 11.29 | -6.29 | -10.61 |
| Diluted Shares Outstanding | 23.94M | 23.94M | 23.95M | 13.18M | 12.02M | 12.31M | 15.29M | 13.94M | 14.64M |
| Basic Shares Outstanding | 23.94M | 23.94M | 23.95M | 13.18M | 12.02M | 12.31M | 13.92M | 13.94M | 14.64M |
| Dividend Payout Ratio | 0% | - | - | - | - | - | - | - | - |
TSAT Balance Sheet
Telesat Corporation (TSAT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 554.97M | 849.22M | 875.2M | 701.21M | 1.62B | 1.79B | 1.82B | 1.02B | 607.29M |
| Cash & Short-Term Investments | 479.21M | 787.07M | 792.15M | 642.37M | 1.45B | 1.68B | 1.67B | 552.63M | 509.38M |
| Cash Only | 479.05M | 768.43M | 418.38M | 540.01M | 1.45B | 1.68B | 1.67B | 552.06M | 493.87M |
| Short-Term Investments | 162K | 18.63M | 373.77M | 102.36M | 861K | 515K | 631K | 565K | 15.51M |
| Accounts Receivable | 58.6M | 39.25M | 70.02M | 43.21M | 125.92M | 59.66M | 94.8M | 188.18M | 64.32M |
| Days Sales Outstanding | 23.06 | 15.87 | 28.06 | 19.22 | 60.62 | 28.68 | 49.14 | 120.28 | 56.22 |
| Inventory | 3M | 2.43M | 2.74M | 4.1M | 16.98M | 2.02M | 4.32M | 1.46M | 1.48M |
| Days Inventory Outstanding | 5.83 | 2.28 | 26.89 | 44.85 | 205.14 | 13.67 | 40.91 | 14.01 | 2.05 |
| Other Current Assets | 10.32M | 17.57M | 343.17K | 6.87M | 17.65M | 33.96M | 41.24M | 272.41M | 18.43M |
| Total Non-Current Assets | 5.14B | 5.04B | 3.69B | 3.68B | 4.75B | 4.69B | 4.5B | 5.92B | 5.99B |
| Property, Plant & Equipment | 1.79B | 1.7B | 1.13B | 1.03B | 1.43B | 1.36B | 1.26B | 2.28B | 2.71B |
| Fixed Asset Turnover | 0.52x | 0.53x | 0.81x | 0.79x | 0.53x | 0.56x | 0.56x | 0.25x | 0.15x |
| Goodwill | 2.45B | 2.45B | 1.89B | 1.92B | 2.45B | 2.45B | 2.45B | 2.61B | 2.21B |
| Intangible Assets | 813M | 811.15M | 619.08M | 611.61M | 762.66M | 756.88M | 692.76M | 497.47M | 441.92M |
| Long-Term Investments | 18.95M | 16.65M | 39.91M | 37.33M | 16.35M | 10.48M | 0 | 0 | 6.99M |
| Other Non-Current Assets | 72.26M | 57.82M | 11.22M | 12.61M | 43.53M | 63.28M | 94.07M | 533.27M | 610.71M |
| Total Assets | 5.7B▲ 0% | 5.88B▲ 3.3% | 4.57B▼ 22.4% | 4.38B▼ 4.1% | 6.36B▲ 45.2% | 6.48B▲ 1.8% | 6.31B▼ 2.6% | 6.95B▲ 10.0% | 6.6B▼ 5.0% |
| Asset Turnover | 0.16x | 0.15x | 0.20x | 0.19x | 0.12x | 0.12x | 0.11x | 0.08x | 0.06x |
| Asset Growth % | -7.18% | 3.28% | -22.39% | -4.07% | 45.23% | 1.84% | -2.57% | 10.01% | -4.99% |
| Total Current Liabilities | 156.08M | 178.22M | 124.35M | 127.26M | 181.96M | 171.4M | 137.73M | 256.58M | 3.31B |
| Accounts Payable | 2.66M | 3.61M | 20.24M | 23.62M | 3.46M | 1.98M | 4.57M | 107.95M | 57.4M |
| Days Payables Outstanding | 5.17 | 3.38 | 198.47 | 258.35 | 41.75 | 13.36 | 43.31 | 1.04K | 79.35 |
| Short-Term Debt | 14.49M | 7.89M | 20.26M | 1.67M | 0 | 0 | 0 | 0 | 2.34B |
| Deferred Revenue (Current) | 0 | 0 | 50.67M | 64.18M | 78.16M | 66.83M | 55.11M | 57.54M | 45.29M |
| Other Current Liabilities | 130.01M | 158.13M | 33.09M | 32.04M | 20.47M | 15.57M | 11.82M | 10.64M | 864.08M |
| Current Ratio | 3.56x | 4.76x | 7.04x | 5.51x | 8.89x | 10.43x | 13.19x | 3.98x | 0.18x |
| Quick Ratio | 3.54x | 4.75x | 7.02x | 5.48x | 8.80x | 10.42x | 13.16x | 3.97x | 0.18x |
| Cash Conversion Cycle | 23.72 | 14.76 | -143.52 | -194.28 | 224.01 | 29 | 46.74 | -903.38 | -21.08 |
| Total Non-Current Liabilities | 4.4B | 4.61B | 3.48B | 3.11B | 4.48B | 4.47B | 3.78B | 4.19B | 1.52B |
| Long-Term Debt | 3.53B | 3.72B | 2.84B | 2.5B | 3.79B | 3.85B | 3.2B | 3.1B | 1.15B |
| Capital Lease Obligations | 0 | 340K | 20.6M | 21.13M | 33.73M | 31.99M | 31.12M | 31.34M | 37.35M |
| Deferred Tax Liabilities | 0 | 0 | 268.95M | 255.8M | 296.32M | 271.25M | 235.25M | 175.54M | 91.92M |
| Other Non-Current Liabilities | 864.3M | 890.97M | 59.27M | 68.13M | 71.63M | 55.15M | 88.94M | 703M | 77.33M |
| Total Liabilities | 4.55B | 4.79B | 3.61B | 3.23B | 4.67B | 4.64B | 3.91B | 4.45B | 4.83B |
| Total Debt | 3.55B | 3.73B | 2.89B | 2.52B | 3.83B | 3.88B | 3.23B | 3.13B | 3.53B |
| Net Debt | 3.07B | 2.96B | 2.47B | 1.98B | 2.38B | 2.21B | 1.56B | 2.58B | 3.04B |
| Debt / Equity | 3.11x | 3.41x | 3.00x | 2.20x | 2.26x | 2.11x | 1.35x | 1.25x | 2.00x |
| Debt / EBITDA | 4.84x | 5.20x | 3.88x | 3.95x | 6.09x | 7.77x | 4.22x | 31.83x | 17.14x |
| Net Debt / EBITDA | 4.19x | 4.13x | 3.31x | 3.11x | 3.78x | 4.41x | 2.04x | 26.21x | 14.74x |
| Interest Coverage | - | - | 1.75x | 2.18x | 2.24x | 0.86x | 3.48x | -0.29x | 0.26x |
| Total Equity | 1.14B▲ 0% | 1.09B▼ 4.4% | 960.34M▼ 12.1% | 1.15B▲ 19.3% | 1.7B▲ 48.0% | 1.84B▲ 8.5% | 2.4B▲ 30.4% | 2.5B▲ 4.1% | 1.77B▼ 29.2% |
| Equity Growth % | -4.29% | -4.36% | -12.14% | 19.33% | 48.03% | 8.48% | 30.37% | 4.07% | -29.18% |
| Book Value per Share | 47.75 | 45.65 | 40.09 | 86.94 | 141.12 | 149.47 | 156.92 | 179.14 | 120.77 |
| Total Shareholders' Equity | 1.14B | 1.09B | 960.34M | 1.15B | 415.67M | 481.44M | 661.92M | 710.28M | 530.39M |
| Common Stock | 152.67M | 153.7M | 20.5M | 20.86M | 42.84M | 46.55M | 51.25M | 59.08M | 69.94M |
| Retained Earnings | 968.41M | 843.6M | 795.11M | 994.12M | 350.03M | 356.27M | 534.06M | 467.33M | 330.54M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 21.73M | 95.68M | 45.79M | 29.61M | 22.8M | 78.61M | 76.61M | 183.87M | 129.9M |
| Minority Interest | 0 | 0 | 0 | 0 | 1.28B | 1.36B | 1.74B | 1.79B | 1.24B |
TSAT Cash Flow Statement
Telesat Corporation (TSAT) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 486.7M | 466.3M | 375.62M | 371.68M | 296.39M | 228.85M | 170.06M | 62.46M | 66.65M |
| Operating CF Margin % | 52.48% | 51.64% | 41.24% | 45.3% | 39.09% | 30.14% | 24.15% | 10.94% | 15.96% |
| Operating CF Growth % | -7.71% | -4.19% | -19.45% | -1.05% | -20.26% | -22.79% | -25.69% | -63.27% | 6.7% |
| Net Income | 505.05M | -90.94M | 187.2M | 244.82M | 157.76M | -80.12M | 583.27M | -302.47M | -155.23M |
| Depreciation & Amortization | 247.39M | 249.16M | 266.24M | 234.08M | 219.91M | 203.73M | 195.76M | 138.61M | 148.77M |
| Stock-Based Compensation | 2.86M | 29.5M | 16.04M | 12.5M | 73.72M | 67.43M | 33.02M | 17.56M | 0 |
| Deferred Taxes | 0 | 0 | 15.12M | -4.35M | 78.38M | 49.93M | 89.6M | -13.04M | -80.28M |
| Other Non-Cash Items | -309.9M | 700.22M | -95.04M | -130.38M | -174.76M | -5.38M | -692.37M | 266.92M | 80.13M |
| Working Capital Changes | 41.3M | 88.81M | -13.94M | 15.02M | -58.63M | -6.74M | -39.21M | -45.12M | 73.25M |
| Change in Receivables | -13.27M | 22.06M | -16.11M | -4.17M | -55.43M | 2.3M | -24.43M | -13.8M | 96.24M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | -4.7M | 1.69M | 1.86M | 14.07M | -7.07M | 0 | 0 | -3.52M |
| Cash from Investing | -164.61M | -103.31M | -39.61M | -92.23M | -272.86M | 74K | 212.05M | -1.09B | -760.61M |
| Capital Expenditures | -146.6M | -103.31M | -35.94M | -16.33M | -35.78M | -64.58M | -42.92M | -64.8M | -764.5M |
| CapEx % of Revenue | 15.81% | 11.44% | 3.95% | 1.99% | 4.72% | 8.51% | 6.1% | 11.35% | 183.06% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.61M | 4.75M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -18.01M | -19.92M | -3.67M | -75.9M | -237.08M | 64.65M | 254.97M | -1.03B | -857.3K |
| Cash from Financing | -588.81M | -114.21M | -40.32M | -450.24M | 605.24M | -104.86M | -355.74M | -170.2M | 671.81M |
| Debt Issued (Net) | -31.65M | -94.98M | 41.37M | -455.38M | 617.72M | -99.73M | -346.19M | -158.32M | 684.73M |
| Equity Issued (Net) | -506.13M | 0 | 0 | 0 | 0 | 0 | 0 | -7.73M | 549.55K |
| Dividends Paid | -10K | 0 | -20K | -10K | -10K | 0 | 0 | 0 | 0 |
| Share Repurchases | -506.13M | 0 | 0 | 0 | -16K | 0 | 0 | -7.73M | 0 |
| Other Financing | -51.02M | -19.23M | -81.67M | 5.15M | -12.47M | -5.13M | -9.56M | -4.15M | -13.47M |
| Net Change in Cash | -303.36M▲ 0% | 289.39M▲ 195.4% | 258.79M▼ 10.6% | -208.84M▼ 180.7% | 631.22M▲ 402.2% | 228.2M▼ 63.8% | -8.7M▼ 103.8% | -1.12B▼ 12734.9% | -19.86M▲ 98.2% |
| Free Cash Flow | 340.1M▲ 0% | 362.99M▲ 6.7% | 339.68M▼ 6.4% | 355.35M▲ 4.6% | 260.61M▼ 26.7% | 164.27M▼ 37.0% | 113.87M▼ 30.7% | -2.39M▼ 102.1% | -697.85M▼ 29074.3% |
| FCF Margin % | 36.67% | 40.2% | 37.29% | 43.31% | 34.37% | 21.64% | 16.17% | -0.42% | -167.1% |
| FCF Growth % | 19.94% | 6.73% | -6.42% | 4.61% | -26.66% | -36.97% | -30.68% | -102.1% | -29074.32% |
| FCF per Share | 14.21 | 15.16 | 14.18 | 26.96 | 21.68 | 13.34 | 7.45 | -0.17 | -47.67 |
| FCF Conversion (FCF/Net Income) | 0.96x | -5.13x | 2.01x | 1.52x | 3.20x | -9.63x | 1.08x | -0.71x | -0.43x |
| Interest Paid | 0 | 0 | 0 | 188.97M | 158.81M | 184.78M | 271.93M | 231.32M | 0 |
| Taxes Paid | 0 | 0 | 0 | 53.84M | 94.29M | 98.79M | 67.34M | 68.61M | 0 |
TSAT Key Ratios
Telesat Corporation (TSAT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 27.73% | 43.22% | -8.13% | 18.23% | 23.25% | 6.51% | -1.34% | 7.41% | -3.58% | -7.28% |
| Return on Invested Capital (ROIC) | 8.67% | 8.59% | 8.49% | 9.59% | 9.25% | 8.52% | 5.48% | 10.66% | -0.67% | 0.87% |
| Gross Margin | 81.21% | 79.76% | 56.88% | 95.91% | 95.93% | 96.02% | 92.89% | 94.53% | 93.35% | 36.78% |
| Net Margin | 31.46% | 54.46% | -10.07% | 20.55% | 29.84% | 12.2% | -3.13% | 22.31% | -15.36% | -37.17% |
| Debt / Equity | 3.24x | 3.11x | 3.41x | 3.00x | 2.20x | 2.26x | 2.11x | 1.35x | 1.25x | 2.00x |
| Interest Coverage | - | - | - | 1.75x | 2.18x | 2.24x | 0.86x | 3.48x | -0.29x | 0.26x |
| FCF Conversion | 1.80x | 0.96x | -5.13x | 2.01x | 1.52x | 3.20x | -9.63x | 1.08x | -0.71x | -0.43x |
| Revenue Growth | -2.52% | -0.37% | -2.64% | 0.88% | -9.93% | -7.59% | 0.13% | -7.25% | -18.9% | -26.87% |
TSAT Frequently Asked Questions
Telesat Corporation (TSAT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Telesat Corporation (TSAT) reported $417.9M in revenue for fiscal year 2025. This represents a 51% decrease from $845.8M in 2012.
Telesat Corporation (TSAT) saw revenue decline by 26.9% over the past year.
Telesat Corporation (TSAT) reported a net loss of $155.3M for fiscal year 2025.
Dividend & Returns
Telesat Corporation (TSAT) has a return on equity (ROE) of -7.3%. Negative ROE indicates the company is unprofitable.
Telesat Corporation (TSAT) had negative free cash flow of $350.9M in fiscal year 2025, likely due to heavy capital investments.
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