Telesat (TSAT) Gross Margin (2024 - 2026)
Telesat's (TSAT) quarterly Gross Margin came in at 93.36% in Q2 2026, down 265.0% year-over-year from 56.58% in Q2 2025, and down 4.43% quarter-over-quarter from 97.68% in Q1 2026.
Analysis
Telesat (TSAT) Gross Margin (2024 - 2026) Analysis & Trends
Telesat (TSAT) has reported Gross Margin for 3 consecutive years, with 93.36% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 265.0% year-over-year to 93.36% in Q2 2026; TTM through Jun 2026 was 99.01%, a 333.0% increase from a year earlier, with the FY2024 full-year figure at 93.35%, down 118.0% from the prior year.
- Gross Margin was 93.36% for Q2 2026 at Telesat, down from 97.68% in the prior quarter.
- Over five years, Gross Margin peaked at 99.48% in Q1 2025 and troughed at 92.21% in Q4 2024.
- A 3-year average of 95.28% and a median of 95.39% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 328 bps in 2025 and plunged 265 bps in 2026, its largest moves.
- Over 3 years, Gross Margin stood at 92.21% in 2024, then advanced by 3 bps to 95.28% in 2025, then slipped by 2 bps to 93.36% in 2026.
- The last three Gross Margin figures came in at 93.36% (Q2 2026), 97.68% (Q1 2026), and 95.28% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | EchoStar | 26.05 Bn | 24.60 Bn | 1.65 Bn | 46.08% |
| 2 | AST SpaceMobile | 24.25 Bn | 24.75 Bn | 9.12 Mn | 28.93% |
| 3 | Globalstar | 10.67 Bn | 10.26 Bn | 41.17 Mn | 63.56% |
| 4 | Viasat | 10.38 Bn | 8.72 Bn | 643.41 Mn | 55.63% |
| 5 | Iridium Communications | 5.00 Bn | 4.82 Bn | 173.92 Mn | 77.22% |
| 6 | Telesat | 666.48 Mn | 973.30 Mn | 53.65 Mn | 93.36% |
| 7 | Gogo | 384.81 Mn | 321.68 Mn | - | - |
| 8 | Kvh Industries Inc \De\ | 139.10 Mn | 81.38 Mn | 14.63 Mn | 43.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 93.36% |
| Mar 31, 2026 | 97.68% |
| Sep 30, 2025 | 95.28% |
| Jun 30, 2025 | 96.00% |
| Mar 31, 2025 | 99.48% |
| Dec 31, 2024 | 92.21% |
| Sep 30, 2024 | 95.51% |
| Jun 30, 2024 | 92.72% |