Viasat, Inc. (VSAT) Financial Ratios
30 years of historical data (1995–2024) · Technology · Communication Equipment
EV/EBITDA
↓
11.43
↓-29% vs avg
5yr avg: 16.17
30Y Low5.6·High79.0
P/FCF
N/A
—
5yr avg: N/A
30Y Low6.7·High94.8
P/B Ratio
↓
1.84
↑+126% vs avg
5yr avg: 0.81
30Y Low0.3·High13.6
ROE
↓
-11.8%
↑-1838% vs avg
5yr avg: -0.6%
30Y Low-24%·High33%
Debt/EBITDA
↓
5.95
↓-49% vs avg
5yr avg: 11.57
30Y Low0.0·High38.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
VSAT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Viasat, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.5B | $1.4B | $2.1B | $2.6B | $3.6B | $3.2B | $2.2B | $4.7B | $3.9B | $3.7B | $3.6B |
| Enterprise Value | $14.4B | $7.3B | $7.9B | $4.0B | $6.1B | $5.1B | $4.1B | $5.8B | $4.8B | $4.4B | $4.5B |
| P/E Ratio → | -14.64 | — | — | — | — | 872.41 | 239.47 | — | — | 155.66 | 167.00 |
| P/S Ratio | 1.89 | 0.30 | 0.49 | 1.01 | 1.48 | 1.68 | 0.96 | 2.27 | 2.43 | 2.36 | 2.56 |
| P/B Ratio | 1.84 | 0.29 | 0.42 | 0.67 | 1.34 | 1.35 | 1.08 | 2.45 | 2.09 | 2.12 | 3.20 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 9.40 | 1.49 | 3.08 | 6.98 | 7.08 | 4.43 | 5.07 | 14.33 | 10.79 | 8.94 | 12.24 |
P/E links to full P/E history page with 30-year chart
VSAT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Viasat, Inc.'s enterprise value stands at 11.4x EBITDA, 29% below its 5-year average of 16.2x. The Technology sector median is 17.5x, placing the stock at a 35% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.61 | 1.83 | 1.57 | 2.53 | 2.67 | 1.77 | 2.83 | 3.02 | 2.82 | 3.21 |
| EV / EBITDA | 11.43 | 5.75 | 29.35 | 11.86 | 16.54 | 17.36 | 12.48 | 22.65 | 29.51 | 15.56 | 78.97 |
| EV / EBIT | — | — | — | — | — | — | 106.44 | — | — | 120.53 | 110.54 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
VSAT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Viasat, Inc. earns an operating margin of -2.2%. Operating margins have expanded from -6.1% to -2.2% over the past 3 years, signaling improving operational efficiency. A negative ROE of -11.8% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.0% | 33.0% | 32.3% | 28.2% | 29.2% | 29.4% | 30.3% | 25.7% | 29.7% | 32.7% | 30.6% |
| Operating Margin | -2.2% | -2.2% | -20.8% | -6.1% | -4.7% | -2.4% | 1.7% | -2.9% | -5.8% | 2.3% | 2.9% |
| Net Profit Margin | -12.7% | -12.7% | -25.0% | 42.4% | -0.6% | 0.2% | -0.0% | -3.3% | -4.2% | 1.5% | 1.5% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.8% | -11.8% | -23.9% | 33.2% | -0.6% | 0.2% | -0.0% | -3.6% | -3.8% | 1.7% | 2.0% |
| ROA | -3.6% | -3.6% | -8.9% | 15.4% | -0.3% | 0.1% | -0.0% | -1.8% | -2.1% | 0.9% | 1.0% |
| ROIC | -0.7% | -0.7% | -8.3% | -2.2% | -1.8% | -0.8% | 0.8% | -1.5% | -2.6% | 1.2% | 1.6% |
| ROCE | -0.7% | -0.7% | -8.2% | -2.5% | -2.2% | -1.0% | 1.0% | -1.9% | -3.3% | 1.5% | 2.0% |
VSAT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Viasat, Inc. carries a Debt/EBITDA ratio of 5.9x, which is highly leveraged (106% above the sector average of 2.9x). Net debt stands at $5.9B ($7.5B total debt minus $1.6B cash).
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.62 | 1.62 | 1.51 | 0.72 | 1.06 | 0.92 | 1.06 | 0.74 | 0.55 | 0.49 | 0.84 |
| Debt / EBITDA | 5.95 | 5.95 | 28.53 | 8.24 | 7.70 | 7.44 | 6.65 | 5.48 | 6.26 | 3.00 | 16.58 |
| Net Debt / Equity | — | 1.27 | 1.13 | 0.37 | 0.95 | 0.80 | 0.91 | 0.60 | 0.52 | 0.41 | 0.80 |
| Net Debt / EBITDA | 4.67 | 4.67 | 21.43 | 4.25 | 6.87 | 6.44 | 5.73 | 4.46 | 5.83 | 2.54 | 15.84 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -0.23 | -0.23 | -2.22 | -5.82 | -3.85 | -1.41 | 0.99 | -1.21 | -22.90 | 3.02 | 1.60 |
VSAT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.72x means Viasat, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.35x to 1.72x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.72 | 1.72 | 2.68 | 2.35 | 1.50 | 1.40 | 1.73 | 1.83 | 1.31 | 1.89 | 1.87 |
| Quick Ratio | 1.55 | 1.55 | 2.44 | 2.07 | 1.25 | 0.92 | 1.24 | 1.34 | 0.89 | 1.39 | 1.35 |
| Cash Ratio | 0.96 | 0.96 | 1.47 | 1.41 | 0.40 | 0.42 | 0.50 | 0.54 | 0.15 | 0.40 | 0.15 |
| Asset Turnover | — | 0.29 | 0.26 | 0.33 | 0.38 | 0.36 | 0.47 | 0.53 | 0.47 | 0.53 | 0.59 |
| Inventory Turnover | 10.31 | 10.31 | 9.13 | 6.83 | 8.65 | 4.03 | 5.47 | 6.56 | 5.71 | 6.43 | 6.78 |
| Days Sales Outstanding | — | 57.30 | 80.07 | 59.96 | 47.14 | 45.35 | 52.27 | 53.00 | 61.27 | 61.73 | 73.83 |
VSAT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Viasat, Inc. returns 0.1% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 0.1% | 0.4% | — | — | 0.6% | 0.6% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.1% | 0.4% | 0.6% | 1.8% | 0.6% | 0.4% | 1.3% | 0.6% | 0.6% | 0.6% | 0.5% |
| Total Shareholder Yield | 0.1% | 0.4% | 0.6% | 1.8% | 0.6% | 0.4% | 1.3% | 0.6% | 0.6% | 0.6% | 0.5% |
| Shares Outstanding | — | $130M | $117M | $76M | $73M | $67M | $62M | $61M | $59M | $58M | $49M |
Peer Comparison
Compare VSAT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 VSATYou | $9B | -14.6 | 11.4 | — | 33.0% | -2.2% | -11.8% | -0.7% | 5.9 |
 SATS | $15B | -2.3 | — | — | 37.1% | -118.1% | -178.7% | -32.9% | — |
 GSAT | $10B | -138.8 | 119.7 | 58.1 | 66.9% | -0.4% | -17.1% | -0.1% | 6.2 |
 IRDM | $4B | 37.0 | 13.0 | 13.8 | 77.3% | 27.1% | 22.0% | 8.0% | 3.9 |
 GILT | $1B | 59.0 | 29.9 | 159.9 | 29.5% | 4.5% | 5.2% | 5.7% | 0.3 |
 LHX | $57B | 35.5 | 19.3 | 21.1 | 25.7% | 10.0% | 8.2% | 5.4% | 3.1 |
 KTOS | $10B | 456.2 | 110.8 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 TSAT | $701M | -6.1 | 19.4 | — | 36.8% | 13.7% | -7.3% | 0.9% | 17.1 |
 BA | $177B | 90.5 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 LMT | $117B | 23.7 | 16.0 | 17.0 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 NOC | $79B | 19.2 | 16.5 | 24.0 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonVSAT — Frequently Asked Questions
Quick answers to the most common questions about buying VSAT stock.
What is Viasat, Inc.'s P/E ratio?
Viasat, Inc.'s current P/E ratio is -14.6x. The historical average is 58.4x.
What is Viasat, Inc.'s EV/EBITDA?
Viasat, Inc.'s current EV/EBITDA is 11.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.9x.
What is Viasat, Inc.'s ROE?
Viasat, Inc.'s return on equity (ROE) is -11.8%. The historical average is 5.8%.
Is VSAT stock overvalued?
Based on historical data, Viasat, Inc. is trading at a P/E of -14.6x. Compare with industry peers and growth rates for a complete picture.
What are Viasat, Inc.'s profit margins?
Viasat, Inc. has 33.0% gross margin and -2.2% operating margin.
How much debt does Viasat, Inc. have?
Viasat, Inc.'s Debt/EBITDA ratio is 5.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.