Telesat (TSAT) Gross Margin (2024 - 2026)
Telesat (TSAT) posted quarterly Gross Margin of 97.89% for Q1 2026, down 159.0% year-over-year from 165.91% in Q1 2025, and up 2.74% quarter-over-quarter from 95.28% in Q3 2025.
Telesat (TSAT) Gross Margin (2024 - 2026) Analysis & Trends
Telesat (TSAT) has reported Gross Margin for 3 consecutive years, with 97.89% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 159.0% year-over-year to 97.89%; the TTM figure through Mar 2026 stood at 101.98% (up 722.0% YoY), while the FY2024 annual figure was 93.35%, down 118.0% from the prior year.
- Gross Margin climbed to 97.89% in Q1 2026 per TSAT's latest filing, from 95.28% in the prior quarter.
- Across five years, Gross Margin topped out at 99.48% in Q1 2025 and bottomed at 92.21% in Q4 2024.
- Historically, Gross Margin has averaged 95.57% across 3 years, with a median of 95.51% in 2024.
- Annual changes were most pronounced in 2025 — Gross Margin soared 318 bps — and 2026, when it tumbled 159 bps.
- Telesat's Gross Margin stood at 92.21% in 2024, then grew by 3 bps to 95.28% in 2025, then grew by 3 bps to 97.89% in 2026.
- Business Quant data shows TSAT's Gross Margin at 97.89% in Q1 2026, 95.28% in Q3 2025, and 95.91% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 63.63% |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 36.87% |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 53.56% |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 44.16% |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | 144,416.67% |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 44.03% |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 47.03% |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | 45.78% |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 28.93% |
| 10 | Telesat | 770.64 Mn | 378.73 Mn | 62.14 Mn | 97.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 97.89% |
| Sep 30, 2025 | 95.28% |
| Jun 30, 2025 | 95.91% |
| Mar 31, 2025 | 99.48% |
| Dec 31, 2024 | 92.21% |
| Sep 30, 2024 | 95.51% |
| Jun 30, 2024 | 92.72% |