Telesat
TSAT
46.74
-0.92
-1.93%
Telesat
US · TSAT
#3496 by market cap
46.74
-0.92
-1.93%
Live - 5344 symbols - heartbeat 50s ago
· 2026-10-08 07:53
Pre-market
50.43
+7.89%
After-hours
46.74
0.00%
Overnight
46.74
0.00%
- Market cap
- 711.35M
- P/E (TTM)i
- -2.65
- P/Bi
- 2.69
- EPSi
- -7.44
- Div yieldi
- 0.00%
- 52W posi
- 62%
Reader sentiment
Are you bullish or bearish on TSAT?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is -0.20, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 7 years
Latest year -26.81% YoY
Margins
- Gross margin
- 94.56%
- Operating margin
- 13.71%
- Net margin
- -37.17%
Key ratios & quality
- Enterprise valuei
- 3.70B
- Altman Z-Scorei
- -0.20
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 910.89M | 820.47M | 758.21M | 759.17M | 704.16M | 571.04M | 417.96M |
| Gross profit | 873.67M | 787.10M | 728.00M | 705.17M | 665.65M | 533.07M | 395.23M |
| Selling & admin expenses | 87.94M | 89.88M | 156.11M | 152.15M | 117.92M | 110.33M | 92.62M |
| Research & development | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 479.15M | 404.76M | 409.97M | 296.45M | 648.53M | 224.67M | 57.29M |
| Pretax profit | 202.32M | 240.47M | 233.40M | -30.19M | 672.87M | -315.50M | -597.60M |
| Tax | 15.12M | -4.35M | 71.04M | 51.41M | 89.60M | -13.04M | -67.38M |
| Net profit | 187.20M | 244.82M | 162.37M | -81.60M | 583.27M | -302.47M | -530.22M |
| Basic EPS | 16 | 21 | 2 | -2 | 12 | -6 | -11 |
| Diluted EPS | 15.72 | 20.56 | 1.99 | -1.93 | 11.29 | -6.29 | -10.61 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 116.75M | 106.11M | 101.06M | 94.04M | 87.06M | 79.49M |
| Gross profit | -- | 101.76M | 96.29M | 87.15M | -- | 74.05M |
| Selling & admin expenses | -- | 21.55M | 22.44M | 22.56M | -- | 25.21M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 30.85M | 18.00M | 5.73M | 6.67M | -81.36M | -13.03M |
| Pretax profit | -50.54M | 79.33M | -137.90M | -488.48M | -160.30M | -553.14M |
| Tax | 918.00K | 3.80M | -16.82M | -55.27M | -9.35M | 5.41M |
| Net profit | -51.46M | 75.53M | -121.08M | -433.21M | -150.95M | -558.55M |
| Basic EPS | -1 | 1 | -2 | -8 | -3 | -11 |
| Diluted EPS | -1.08 | 1.38 | -2.38 | -8.48 | -3.04 | -10.89 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Total current assets | -- | 893.62M | 1.62B | 1.79B | 1.82B | 1.02B | 832.06M |
| Cash & ST investments | -- | 818.83M | 1.45B | 1.68B | 1.67B | 552.63M | 510.23M |
| Inventory | -- | 5.22M | 16.98M | 2.02M | 4.32M | 1.46M | 1.49M |
| Total assets | -- | 5.58B | 6.36B | 6.48B | 6.31B | 6.95B | 6.60B |
| Total current liabilities | -- | 162.13M | 181.96M | 171.40M | 137.73M | 256.58M | 3.32B |
| Short-term debt | -- | 2.13M | 1.95M | 2.12M | 2.22M | 2.04M | 2.34B |
| Long-term debt | -- | 3.19B | 3.79B | 3.85B | 3.20B | 3.10B | 1.15B |
| Total liabilities | -- | 4,121,257,000.00 | 4,666,158,000.00 | 4,639,441,000.00 | 3,914,385,000.00 | 4,448,474,000.00 | 4,834,187,000.00 |
| Total equity | -- | 1.46B | 1.70B | 1.84B | 2.40B | 2.50B | 1.77B |
| Retained earnings | -- | 1.27B | 350.03M | 356.27M | 534.06M | 467.33M | 330.81M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.15B | 872.35M | 840.51M | 832.06M | 857.81M | 714.06M |
| Cash & ST investments | 798.06M | 547.80M | 483.05M | 510.23M | 523.15M | 383.80M |
| Inventory | -- | -- | -- | 1.49M | -- | -- |
| Total assets | 7.13B | 6.75B | 6.93B | 6.60B | 6.69B | 6.76B |
| Total current liabilities | 204.98M | 171.68M | 204.35M | 3.32B | 3.41B | 4.19B |
| Short-term debt | -- | -- | -- | 2.34B | 2.37B | 2.74B |
| Long-term debt | 3.35B | 3.19B | 3.31B | 1.15B | 1.27B | 1.05B |
| Total liabilities | 4,681,694,000.00 | 4,475,085,000.00 | 4,677,984,000.00 | 4,834,187,000.00 | 5,028,082,000.00 | 5,575,982,000.00 |
| Total equity | 2.44B | 2.28B | 2.25B | 1.77B | 1.66B | 1.18B |
| Retained earnings | 456.69M | 487.34M | 452.13M | 330.81M | 284.71M | 118.94M |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 375.62M | 371.68M | 293.50M | 239.55M | 170.06M | 62.46M | 66.70M |
| Depreciation & amortization | 266.24M | 234.08M | 219.76M | 203.73M | 195.76M | 138.61M | 148.89M |
| Free cash flow | 339.68M | 355.35M | 260.61M | 206.78M | 113.87M | -2.39M | -73.82M |
| Dividends paid | -20.00K | -10.00K | -10.00K | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 1.03B | 818.38M | 1.45B | 1.68B | 1.67B | 552.06M | 509.80M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 138.92M | -30.67M | -11.35M | -30.21M | 3.62M | -75.49M |
| Depreciation & amortization | 36.81M | 37.55M | 37.48M | 37.05M | 30.74M | 30.79M |
| Free cash flow | 104.18M | -65.87M | -41.68M | -70.45M | -39.53M | -131.05M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 797.37M | 547.39M | 482.61M | 509.80M | 522.73M | 383.24M |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| ROE %i | -- | 16.77 | 11.04 | -5.22 | 27.51 | -12.79 | -25.03 |
| ROA %i | -- | 4.39 | 1.73 | -0.36 | 2.46 | -1.33 | -2.29 |
| ROIC %i | -- | 8.36 | 5.09 | 2.86 | 8.09 | 2.14 | 0.42 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | 7.21 | -1.15 |
| EBIT margin %i | 52.01 | 54.14 | 55.94 | 25.23 | 134.04 | -12.54 | -90.65 |
| FCF / sales %i | 37.29 | 43.31 | 34.37 | 25.83 | 16.03 | -- | -- |
| Current ratioi | -- | 5.51 | 8.89 | 10.43 | 13.19 | 3.98 | 0.25 |
| Quick ratioi | -- | 5.39 | 8.66 | 10.14 | 12.81 | 2.89 | 0.17 |
| Debt / assetsi | -- | 57.63 | 60.17 | 59.94 | 51.17 | 45.07 | 53.51 |
| LT debt / equityi | -- | 220.15 | 920.51 | 806.35 | 487.70 | 440.38 | 224.15 |
| Interest coveragei | 1.75 | 2.18 | 2.26 | 0.86 | 3.48 | -0.29 | -1.73 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -5.89 | -4.97 | -9.02 | -18.04 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -13.74 | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -15.25 | -31.57 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -12.74 | -14.52 | -22.09 | -25.03 | -30.19 | -70.68 |
| ROA %i | -1.31 | -1.56 | -2.36 | -2.29 | -2.68 | -5.51 |
| ROIC %i | 2.14 | 1.75 | 0.46 | 0.42 | -0.32 | -3.56 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -15.65 | -34.82 | -85.48 | -90.65 | -127.57 | -312.59 |
| FCF / sales %i | 8.29 | 0.04 | -- | -- | -- | -- |
| Current ratioi | 5.63 | 5.08 | 4.11 | 0.25 | 0.25 | 0.17 |
| Quick ratioi | 4.34 | 3.61 | 2.66 | 0.17 | 0.17 | 0.11 |
| Debt / assetsi | 47.06 | 47.18 | 47.78 | 53.51 | 54.46 | 56.12 |
| LT debt / equityi | 473.21 | 471.23 | 496.10 | 224.15 | 244.75 | 279.19 |
| Interest coveragei | -0.35 | -0.75 | -1.73 | -1.73 | -2.34 | -5.40 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Geosynchronous Equatorial Orbit (GEO) is the largest reported line at 98.27% of revenue, across 2 reported segments.
- The next-largest line, Low Earth Orbit (LEO), is a distant second at 1.73% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Geosynchronous Equatorial Orbit (GEO)98.27%
Low Earth Orbit (LEO)1.73%
Quote time 2026-10-08 07:53:59 · For reference only, not investment advice and not tailored to your situation.