Telesat (TSAT) Minority Interest (2021 - 2025)
Telesat (TSAT) posted quarterly Minority Interest of $888.3 million for Q4 2025, down 30.54% year-over-year from $1.3 billion in Q4 2024, and down 22.68% quarter-over-quarter from $1.1 billion in Q3 2025.
Telesat (TSAT) Minority Interest (2021 - 2025) Analysis & Trends
Telesat (TSAT) has reported Minority Interest for 5 consecutive years, with $888.3 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Minority Interest fell 30.54% year-over-year to $888.3 million; the TTM figure through Dec 2025 stood at $888.3 million (down 30.54% YoY), while the FY2025 annual figure was $886.6 million, down 32.05% from the prior year.
- Minority Interest declined to $888.3 million in Q4 2025 per TSAT's latest filing, from $1.1 billion in the prior quarter.
- Across five years, Minority Interest topped out at $1.4 billion in Q3 2024 and bottomed at $888.3 million in Q4 2025.
- Historically, Minority Interest has averaged $1.2 billion across 5 years, with a median of $1.2 billion in 2025.
- Annual changes were most pronounced in 2023 — Minority Interest soared 30.88% — and 2025, when it slumped 30.54%.
- Telesat's Minority Interest stood at $1.0 billion in 2021, then declined by 1.48% to $1.0 billion in 2022, then rose by 27.47% to $1.3 billion in 2023, then advanced by 0.23% to $1.3 billion in 2024, then sank by 30.54% to $888.3 million in 2025.
- Business Quant data shows TSAT's Minority Interest at $888.3 million in Q4 2025, $1.1 billion in Q3 2025, and $1.2 billion in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn |
| 10 | Telesat | 770.64 Mn | 378.73 Mn | 62.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 888.31 Mn |
| Sep 30, 2025 | 1.15 Bn |
| Jun 30, 2025 | 1.16 Bn |
| Mar 31, 2025 | 1.21 Bn |
| Dec 31, 2024 | 1.28 Bn |
| Sep 30, 2024 | 1.39 Bn |
| Jun 30, 2024 | 1.38 Bn |
| Mar 31, 2024 | 1.31 Bn |
| Dec 31, 2023 | 1.28 Bn |
| Sep 30, 2023 | 1.30 Bn |
| Jun 30, 2023 | 1.27 Bn |
| Mar 31, 2023 | 1.00 Bn |
| Dec 31, 2022 | 1.00 Bn |
| Sep 30, 2022 | 995.77 Mn |
| Jun 30, 2022 | 1.08 Bn |
| Mar 31, 2022 | 1.05 Bn |
| Dec 31, 2021 | 1.02 Bn |