Telesat Corporation (TSAT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TSAT Revenue Growth
Revenue Breakdown (FY 2024)
TSAT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
TSAT Revenue Analysis (2014–2025)
As of May 8, 2026, Telesat Corporation (TSAT) generated trailing twelve-month (TTM) revenue of $417.9 million, reflecting significant decline in growth of -26.6% year-over-year. The most recent quarter (Q4 2025) recorded $94.0 million in revenue, down 7.0% sequentially.
Looking at the longer-term picture, TSAT's 5-year compound annual growth rate (CAGR) stands at -12.6%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $954.9 million in 2015.
Revenue diversification analysis shows TSAT's business is primarily driven by Enterprise Member (100%). With over half of revenue concentrated in Enterprise Member, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including SATS (-5.2% YoY), VSAT (+2.1% YoY), and GSAT (+8.5% YoY), TSAT has underperformed the peer group in terms of revenue growth. Compare TSAT vs SATS →
TSAT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TSATCurrent | $418M | -26.6% | -12.6% | 13.7% | |
 SATS | $15.0B | -5.2% | +51.4% | -118.1% | |
 VSAT | $4.5B | +2.1% | +14.4% | -2.2% | |
 GSAT | $250M | +8.5% | +13.7% | -0.4% | |
 IRDM | $872M | +4.1% | +8.4% | 27.1% | |
 AMC | $4.8B | +10.6% | +31.3% | 38.1% |
TSAT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $417.6M | -26.9% | $153.6M | 36.8% | $57.2M | 13.7% |
| 2024 | $571.0M | -18.9% | $533.1M | 93.4% | $-40,265,000 | -7.1% |
| 2023 | $704.2M | -7.2% | $665.6M | 94.5% | $568.8M | 80.8% |
| 2022 | $759.2M | +0.1% | $705.2M | 92.9% | $296.5M | 39.0% |
| 2021 | $758.2M | -7.6% | $728.0M | 96.0% | $409.1M | 54.0% |
| 2020 | $820.5M | -9.9% | $787.1M | 95.9% | $404.5M | 49.3% |
| 2019 | $910.9M | +0.9% | $873.7M | 95.9% | $478.3M | 52.5% |
| 2018 | $902.9M | -2.6% | $513.5M | 56.9% | $467.9M | 51.8% |
| 2017 | $927.4M | -0.4% | $739.7M | 79.8% | $486.1M | 52.4% |
| 2016 | $930.9M | -2.5% | $755.9M | 81.2% | $496.2M | 53.3% |
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Start ComparisonTSAT — Frequently Asked Questions
Quick answers to the most common questions about buying TSAT stock.
Is TSAT's revenue growth accelerating or slowing?
TSAT revenue declined -26.6% year-over-year, contrasting with the 5-year CAGR of -12.6%. TTM revenue fell to $418M. This reverses the prior growth trend.
What is TSAT's long-term revenue growth rate?
Telesat Corporation's 5-year revenue CAGR of -12.6% reflects the variable expansion pattern. Current YoY growth of -26.6% is below this long-term average.
How is TSAT's revenue distributed by segment?
TSAT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.