Viasat, Inc. (VSAT) Financial Ratios
30 years of historical data (1996–2025) · Technology · Communication Equipment
EV/EBITDA
↓
9.51
↓-33% vs avg
5yr avg: 14.25
30Y Low5.6·High79.0
P/FCF
14.67
↑+42% vs avg
5yr avg: 10.34
30Y Low6.7·High94.8
P/B Ratio
↓
1.83
↑+128% vs avg
5yr avg: 0.80
30Y Low0.3·High13.6
ROE
↓
-0.7%
↓+93% vs avg
5yr avg: -10.9%
30Y Low-24%·High22%
Debt/EBITDA
↓
4.73
↓-57% vs avg
5yr avg: 11.03
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. On a free-cash-flow basis, the stock trades at 14.7x P/FCF, 42% above the 5-year average of 10.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.8B | $6.2B | $1.4B | $2.1B | $2.6B | $3.6B | $3.2B | $2.2B | $4.7B | $3.9B | $3.7B |
| Enterprise Value | $14.0B | $11.4B | $7.3B | $7.9B | $4.0B | $6.1B | $5.1B | $4.1B | $5.8B | $4.8B | $4.4B |
| P/E Ratio → | -256.52 | — | — | — | — | — | 872.41 | 239.47 | — | — | 155.66 |
| P/S Ratio | 1.89 | 1.33 | 0.30 | 0.49 | 1.01 | 1.48 | 1.68 | 0.96 | 2.27 | 2.43 | 2.36 |
| P/B Ratio | 1.83 | 1.30 | 0.29 | 0.42 | 0.67 | 1.34 | 1.35 | 1.08 | 2.45 | 2.09 | 2.12 |
| P/FCF | 14.67 | 10.34 | — | — | — | — | — | — | — | — | — |
| P/OCF | 5.51 | 3.88 | 1.49 | 3.08 | 6.98 | 7.08 | 4.43 | 5.07 | 14.33 | 10.79 | 8.94 |
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 9.5x EBITDA, 33% below its 5-year average of 14.2x. The Technology sector median is 16.7x, placing the stock at a 43% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.45 | 1.61 | 1.83 | 1.57 | 2.53 | 2.67 | 1.77 | 2.83 | 3.02 | 2.82 |
| EV / EBITDA | 9.51 | 7.74 | 5.75 | 29.35 | 11.86 | 16.54 | 17.36 | 12.48 | 22.65 | 29.51 | 15.56 |
| EV / EBIT | 129.03 | 105.10 | — | — | — | — | — | 106.44 | — | — | 120.53 |
| EV / FCF | — | 19.03 | — | — | — | — | — | — | — | — | — |
VSAT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Viasat, Inc. earns an operating margin of 2.3%. Operating margins have expanded from -20.8% to 2.3% over the past 3 years, signaling improving operational efficiency. A negative ROE of -0.7% indicates the company is currently destroying shareholder equity. ROIC of 0.8% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.4% | 27.4% | 33.0% | 32.3% | 28.2% | 29.2% | 29.4% | 30.3% | 25.7% | 29.7% | 32.7% |
| Operating Margin | 2.3% | 2.3% | -2.2% | -20.8% | -6.1% | -4.7% | -2.4% | 1.7% | -2.9% | -5.8% | 2.3% |
| Net Profit Margin | -0.7% | -0.7% | -12.7% | -25.0% | -22.6% | -0.6% | 0.2% | -0.0% | -3.3% | -4.2% | 1.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.7% | -0.7% | -11.8% | -23.9% | -17.6% | -0.6% | 0.2% | -0.0% | -3.6% | -3.8% | 1.7% |
| ROA | -0.2% | -0.2% | -3.6% | -8.9% | -8.2% | -0.3% | 0.1% | -0.0% | -1.8% | -2.1% | 0.9% |
| ROIC | 0.8% | 0.8% | -0.7% | -8.3% | -2.2% | -1.8% | -0.8% | 0.8% | -1.5% | -2.6% | 1.2% |
| ROCE | 0.8% | 0.8% | -0.7% | -8.2% | -2.5% | -2.2% | -1.0% | 1.0% | -1.9% | -3.3% | 1.5% |
VSAT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Viasat, Inc. carries a Debt/EBITDA ratio of 4.7x, which is highly leveraged (61% above the sector average of 2.9x). Net debt stands at $5.2B ($6.9B total debt minus $1.7B cash). Interest coverage of just 0.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.47 | 1.47 | 1.62 | 1.51 | 0.72 | 1.06 | 0.92 | 1.06 | 0.74 | 0.55 | 0.49 |
| Debt / EBITDA | 4.73 | 4.73 | 5.95 | 28.53 | 8.24 | 7.70 | 7.44 | 6.65 | 5.48 | 6.26 | 3.00 |
| Net Debt / Equity | — | 1.10 | 1.27 | 1.13 | 0.37 | 0.95 | 0.80 | 0.91 | 0.60 | 0.52 | 0.41 |
| Net Debt / EBITDA | 3.54 | 3.54 | 4.67 | 21.43 | 4.25 | 6.87 | 6.44 | 5.73 | 4.46 | 5.83 | 2.54 |
| Debt / FCF | — | 8.70 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 0.30 | 0.30 | -0.29 | -1.98 | -3.60 | -2.71 | -1.41 | 0.99 | -1.21 | -25.20 | 3.02 |
VSAT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Viasat, Inc.'s current ratio of 2.41x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.68x to 2.41x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.41 | 2.41 | 1.72 | 2.68 | 2.35 | 1.50 | 1.40 | 1.73 | 1.83 | 1.31 | 1.89 |
| Quick Ratio | 2.19 | 2.19 | 1.55 | 2.44 | 2.07 | 1.25 | 0.92 | 1.24 | 1.34 | 0.89 | 1.39 |
| Cash Ratio | 1.35 | 1.35 | 0.96 | 1.47 | 1.41 | 0.40 | 0.42 | 0.50 | 0.54 | 0.15 | 0.40 |
| Asset Turnover | — | 0.30 | 0.29 | 0.26 | 0.33 | 0.38 | 0.36 | 0.47 | 0.53 | 0.47 | 0.53 |
| Inventory Turnover | 11.98 | 11.98 | 10.31 | 9.13 | 6.83 | 8.65 | 4.03 | 5.47 | 6.56 | 5.71 | 6.43 |
| Days Sales Outstanding | — | 59.26 | 57.30 | 80.07 | 59.96 | 47.14 | 45.35 | 52.27 | 53.00 | 61.27 | 61.73 |
VSAT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Viasat, Inc. returns 0.2% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | 0.1% | 0.4% | — | — | 0.6% |
| FCF Yield | 6.8% | 9.7% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.2% | 0.3% | 0.4% | 0.6% | 1.8% | 0.6% | 0.4% | 1.3% | 0.6% | 0.6% | 0.6% |
| Total Shareholder Yield | 0.2% | 0.3% | 0.4% | 0.6% | 1.8% | 0.6% | 0.4% | 1.3% | 0.6% | 0.6% | 0.6% |
| Shares Outstanding | — | $135M | $130M | $117M | $76M | $73M | $67M | $62M | $61M | $59M | $58M |
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 | -256.5 | 9.5 | 14.7 | 27.4% | 2.3% | -0.7% | 0.8% | 4.7 |
 SATS | $31B | -2.2 | — | — | 37.1% | -118.1% | -178.7% | -32.9% | — |
 GSAT | $10B | -536.1 | 102.4 | 134.9 | 64.8% | 5.4% | -2.4% | 2.3% | 5.4 |
 IRDM | $5B | 42.0 | 14.3 | 15.7 | 77.3% | 27.1% | 22.0% | 8.0% | 3.9 |
 GILT | $842M | 38.8 | 15.6 | 91.6 | 29.5% | 4.5% | 5.2% | 5.7% | 0.3 |
 LHX | $55B | 34.6 | 18.8 | 20.5 | 25.7% | 10.0% | 8.2% | 5.4% | 3.1 |
 KTOS | $10B | 417.0 | 112.5 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 TSAT | $670M | -6.1 | 19.4 | — | 36.8% | 13.7% | -7.3% | 0.9% | 17.1 |
 BA | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 LMT | $118B | 23.8 | 16.0 | 17.0 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 NOC | $74B | 17.9 | 15.5 | 22.4 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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VSAT — 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 -256.5x. The historical average is 58.4x.
What is Viasat, Inc.'s EV/EBITDA?
Viasat, Inc.'s current EV/EBITDA is 9.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.3x.
What is Viasat, Inc.'s ROE?
Viasat, Inc.'s return on equity (ROE) is -0.7%. The historical average is 3.0%.
Is VSAT stock overvalued?
Based on historical data, Viasat, Inc. is trading at a P/E of -256.5x. Compare with industry peers and growth rates for a complete picture.
What are Viasat, Inc.'s profit margins?
Viasat, Inc. has 27.4% gross margin and 2.3% operating margin.
How much debt does Viasat, Inc. have?
Viasat, Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.