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TSATTelesat Corporation
$46.37$695M
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TSAT logoTelesat Corporation(TSAT)Earnings, Financials & Key Ratios

TSAT•NASDAQ
$46.37
Price updated Jul 6, 2026
SectorTechnologyIndustryCommunication EquipmentSub-IndustrySatellite Communications Equipment
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%

TSAT Price & Volume

Telesat Corporation (TSAT) stock price & volume — 10-year historical chart

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Severe Liquidity Constraints Threaten Lightspeed Transition Strategy

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Lightspeed constellation funding gap

Key Thesis Takeaways

  • Telesat faces a precarious fundamental outlook as it attempts to pivot from a legacy GEO satellite business to the capital-intensive Lightspeed LEO constellation.
  • The company is currently grappling with a 26.87% year-over-year revenue contraction and a collapse in gross margins to 26.6% as of 2026Q1.
  • Investors should remain cautious as the firm's negative free cash flow, which reached -$250.5M in 2025Q4, combined with a deteriorating current ratio of 0.25, suggests significant near-term solvency risks.

Verdict Logic

the company's inability to maintain positive free cash flow, which hit a trough of -$250.5M in 2025Q4, creates an unsustainable funding gap for its ongoing infrastructure projects.

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-27.48%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-109.42%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-96.08%

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

Full history →
●Beat EPS 4/12 qtrs (40%)●Beat Revenue 3/12 qtrs (30%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$2.21-231.5%
$0.67
Rev
$63M+0.9%
$62M
Q2 2026
Mar 17, 2026
Metric
Actual
Est
EPS
$0.97-14.1%
$0.85
Rev
$68M+1.5%
$67M
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$1.73-121.8%
$0.78
Rev
$72M-21.2%
$92M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$1.00+244.9%
$0.69
Rev
$78M-21.0%
$99M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$2.21vs $0.67-231.5%
$63Mvs $62M+0.9%
Q2 2026Mar 17, 2026
$0.97vs $0.85-14.1%
$68Mvs $67M+1.5%
Q4 2025Nov 4, 2025
$1.73vs $0.78-121.8%
$72Mvs $92M-21.2%
Q3 2025Aug 6, 2025
$1.00vs $0.69+244.9%
$78Mvs $99M-21.0%
Based on last 12 quarters of dataView full earnings history →

Latest TSAT News

Recent stock market news and headlines for Telesat Corporation (TSAT)

GlobeNewsWire·4 days ago
Telesat donates satellite capacity to support Venezuela's recovery efforts

OTTAWA, Ontario, July 02, 2026 (GLOBE NEWSWIRE) -- Telesat GEO Inc., a subsidiary of  Telesat Corporation (Nasdaq and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced the company is donating high-power satellite capacity to Top Comunications, a leading Venezuelan telecommunications company, to support disaster recovery efforts in Venezuela following last week's devastating earthquakes.

Peers Comparison

Key metrics vs top competitors for Telesat Corporation (TSAT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TSAT logoTSATTelesat CorporationCurrent
$46.37$694.59M-6.22-26.87%-37.17%-7.28%—
SATS logoSATSEchoStar Corporation
$98.30$28.33B-1.95-5.18%-157.17%-243.07%—
VSAT logoVSATViasat, Inc.
$83.80$11.44B-335.202.67%-0.73%-0.74%—
GSAT logoGSATGlobalstar, Inc.
$80.20$10.33B-534.679.04%-4.03%-3.21%—
IRDM logoIRDMIridium Communications Inc.
$52.59$5.56B49.614.93%12.05%22.76%—
AMC logoAMCAMC Entertainment Holdings, Inc.
$1.74$1.07B-1.414.57%-10.88%——

Compare TSAT vs Peers

Telesat Corporation (TSAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SATS

Most directly comparable listed peer for TSAT.

Scale Benchmark

vs RTX

Larger-name benchmark to compare TSAT against a more recognizable public peer.

Peer Set

Compare Top 5

vs SATS, VSAT, GSAT, IRDM

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TSAT Frequently Asked Questions

Telesat Corporation (TSAT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Telesat Corporation's revenue?

Telesat Corporation (TSAT) reported $388.4M in revenue for fiscal year 2025. This represents a 54% decrease from $845.8M in 2012.

How fast is Telesat Corporation growing?

Telesat Corporation (TSAT) saw revenue decline by 26.9% over the past year.

Is TSAT profitable?

Telesat Corporation (TSAT) reported a net loss of $185.3M for fiscal year 2025.

Dividend & Returns
What is TSAT's return on equity?

Telesat Corporation (TSAT) has a return on equity (ROE) of -7.3%. Negative ROE indicates the company is unprofitable.

What is Telesat Corporation's free cash flow?

Telesat Corporation (TSAT) had negative free cash flow of $569.5M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in TSAT back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →