Telesat (TSAT) Gross Margin (2024 - 2026)
Telesat (TSAT) posted quarterly Gross Margin of 97.89% for Q1 2026, down 159.0% year-on-year from 165.91% in Q1 2025, and up 2.74% on a QoQ basis 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.
- Quarterly Gross Margin fell 159.0% year-over-year to 97.89% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 101.98% (up 722.0% YoY) and the FY2024 annual result came in at 93.35%, down 118.0% from the prior year.
- Gross Margin grew to 97.89% in Q1 2026 per TSAT's latest filing, from 95.28% in the prior quarter.
- Over the last five years, Gross Margin for TSAT reached as high as 99.48% in Q1 2025 and fell as low as 92.21% in Q4 2024.
- A 3-year average of 95.57% and a median of 95.51% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2025 — Gross Margin surged 318 bps — and 2026, when it tumbled 159 bps.
- Year by year, Gross Margin stood at 92.21% in 2024, then gained by 3 bps to 95.28% in 2025, then gained by 3 bps to 97.89% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 97.89%, 95.28%, and 95.91% for Q1 2026, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 452.98 Bn | 436.34 Bn | 10.08 Bn | 63.63% |
| 2 | Motorola Solutions | 70.50 Bn | 69.61 Bn | 1.36 Bn | 50.18% |
| 3 | Hewlett Packard Enterprise | 63.47 Bn | 58.63 Bn | 9.10 Bn | 97.81% |
| 4 | Ciena | 53.09 Bn | 51.79 Bn | 625.52 Mn | 43.83% |
| 5 | Lumentum Holdings | 51.41 Bn | 48.24 Bn | 357.00 Mn | 44.16% |
| 6 | Nokia | 49.53 Bn | 42.22 Bn | 9.86 Bn | 144,416.67% |
| 7 | Ubiquiti | 32.49 Bn | 32.12 Bn | 370.71 Mn | 47.03% |
| 8 | Ericsson Lm Telephone | 32.08 Bn | 26.40 Bn | 2.53 Bn | 45.78% |
| 9 | AST SpaceMobile | 16.71 Bn | 16.71 Bn | 3.67 Mn | 24.92% |
| 10 | Telesat | 564.19 Mn | 172.27 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% |