Telesat reported a gross margin of 93.36% and a net margin of -208.55% for the quarter ended Jun 2026. These financial ratios cover 25 quarters of results from Dec 2019 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Dec2019 | Mar2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||
| Gross Margin | 92.72% | 95.51% | 92.21% | 99.48% | 96.00% | 95.28% | 97.68% | 93.36% | |||||||||||||||||
| EBT Margin | -20.52% | 22.04% | 43.10% | 3.00% | -124.40% | 38.73% | 12.16% | 329.18% | 8.52% | 17.55% | 76.86% | 103.52% | 52.73% | -391.00% | 67.95% | 74.76% | -136.46% | -519.43% | -695.84% | -695.84% | |||||
| EBIT Margin | -4.55% | 50.65% | 32.41% | 37.26% | 41.30% | 33.08% | 61.37% | 235.25% | 43.01% | -5.83% | 62.89% | 40.45% | 43.15% | -177.76% | 15.30% | 16.84% | 5.91% | -381.29% | -16.02% | -16.02% | |||||
| EBITDA Margin | -30.89% | 77.10% | 61.87% | 78.45% | 15.61% | 67.25% | 90.86% | 82.58% | 83.55% | 74.34% | 28.96% | 19.69% | 79.79% | 57.38% | -6.89% | -7.58% | -19.98% | 42.29% | -43.78% | -43.78% | |||||
| Operating Margin | -4.55% | 50.65% | 36.80% | 37.26% | 41.30% | 33.08% | 61.37% | 235.25% | 43.01% | -5.83% | 62.89% | 40.45% | 43.15% | -177.76% | 15.30% | 16.84% | 5.91% | -381.29% | -16.02% | -16.02% | |||||
| Net Margin | -27.16% | 22.04% | 9.67% | -5.74% | -32.51% | 6.77% | -0.88% | 76.35% | -0.41% | 6.09% | 18.85% | 23.26% | 12.93% | -98.68% | 17.98% | 19.79% | -34.90% | -133.50% | -208.55% | -208.55% | |||||
| FCF Margin | 42.62% | 54.56% | 22.56% | 17.94% | 54.37% | 42.47% | 24.59% | -4.00% | 25.74% | 80.96% | 74.96% | 2.14% | -238.18% | 11.86% | 148.75% | 4.27% | 18.79% | 10.68% | 58.83% | -25.07% | |||||
| Efficiency | |||||||||||||||||||||||||
| Assets AverageAssets Avg. | 5,004.35M | 5,022.36M | 4,968.32M | 4,976.12M | 4,893.15M | 4,792.62M | 4,843.37M | 4,858.17M | 4,739.34M | 4,697.12M | 4,719.83M | 4,662.32M | 4,806.76M | 4,968.67M | 4,920.15M | 4,953.66M | 4,884.08M | 4,807.69M | 4,883.72M | ||||||
| Invested CapitalInvested Cap. | 4,306.68M | 4,388.31M | 4,368.17M | 4,325.03M | 4,407.87M | 4,227.67M | 4,274.64M | 4,356.78M | 4,308.87M | 4,131.81M | 4,277.97M | 4,133.46M | 4,115.12M | 4,022.93M | 4,070.06M | 3,962.42M | 4,068.21M | 4,389.17M | 4,520.09M | 4,571.46M | |||||
| Asset Utilization RatioAsset Util. | 0.12 | 0.13 | 0.13 | 0.12 | 0.13 | 0.12 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 | ||||||
| Leverage & Solvency | |||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 0.17 | 1.94 | -1.13 | 1.40 | -1.32 | 1.02 | -1.56 | -6.17 | -1.11 | -0.15 | -1.39 | -1.00 | -1.00 | -3.93 | -0.33 | -0.33 | -0.11 | -6.74 | 0.25 | 0.25 | |||||
| Debt Ratio | 0.62 | 0.60 | 0.60 | 0.58 | 0.61 | 0.60 | 0.60 | 0.53 | 0.52 | 0.51 | 0.52 | 0.47 | 0.47 | 0.45 | 0.48 | 0.48 | 0.48 | 0.66 | 0.68 | 0.76 | |||||
| Times Interest Earned | 0.17 | 1.94 | -1.13 | 1.40 | -1.32 | 1.02 | -1.56 | -6.17 | -1.11 | -0.15 | -1.39 | -1.00 | -1.00 | -3.93 | -0.33 | -0.33 | -0.11 | -6.74 | 0.25 | 0.25 | |||||
| Valuation | |||||||||||||||||||||||||
| Price to EarningsP/E | -89.30 | 75.35 | 79.14 | -114.48 | -14.99 | 62.73 | -682.30 | 7.94 | -0.00M | 19.14 | 6.48 | 4.78 | 13.66 | -2.58 | 18.26 | 22.89 | -14.68 | -4.80 | -4.44 | -6.27 | |||||
| Price to SalesP/S | 24.25 | 16.61 | 7.65 | 6.58 | 4.87 | 4.24 | 6.04 | 6.06 | 9.43 | 1.16 | 1.22 | 1.11 | 1.77 | 2.55 | 3.28 | 4.53 | 5.12 | 6.41 | 9.27 | 13.07 | |||||
| Price to BookP/B | 3.00 | 1.83 | 1.02 | 0.67 | 0.50 | 0.48 | 0.54 | 0.46 | 0.68 | 0.08 | 0.06 | 0.06 | 0.09 | 0.13 | 0.16 | 0.21 | 0.23 | 0.34 | 0.44 | 0.88 | |||||
| Enterprise Value | 2,467.16M | 2,335.46M | 1,278.11M | 877.77M | 383.94M | 404.85M | 479.67M | 950.47M | 1,210.88M | 191.42M | 122.22M | 455.47M | 779.31M | 1,116.54M | 920.12M | 1,108.38M | 1,173.92M | 954.38M | 990.77M | 1,058.21M | |||||
| EV to EBIT | -355.13 | 31.00 | 21.23 | 16.09 | 6.73 | 8.04 | 6.37 | 3.02 | 21.56 | -26.96 | 2.05 | 10.10 | 17.80 | -6.86 | 73.90 | 85.96 | 270.30 | -3.71 | -106.69 | -114.94 | |||||
| EV to EBITDA | -52.28 | 20.36 | 11.12 | 7.65 | 17.81 | 3.95 | 4.30 | 8.60 | 11.10 | 2.11 | 4.44 | 20.75 | 9.62 | 21.24 | -164.05 | -190.83 | -80.01 | 33.47 | -39.04 | -42.06 | |||||
| Market Capitalization | 3,705.73M | 2,470.20M | 1,421.64M | 962.40M | 672.91M | 646.20M | 740.97M | 811.62M | 1,232.08M | 141.96M | 115.96M | 123.85M | 179.25M | 233.33M | 267.25M | 346.87M | 376.11M | 431.95M | 537.34M | 751.38M | |||||
| Price to FCFP/FCF | 56.91 | 30.44 | 33.93 | 36.65 | 8.96 | 9.99 | 24.55 | -151.46 | 36.66 | 1.44 | 1.63 | 51.95 | -0.74 | 21.48 | 2.21 | 106.03 | 27.26 | 59.98 | 15.76 | -52.15 | |||||
| EV to FCF | 37.89 | 28.78 | 30.50 | 33.43 | 5.11 | 6.26 | 15.89 | -177.37 | 36.03 | 1.94 | 1.72 | 191.03 | -3.22 | 102.79 | 7.60 | 338.80 | 85.09 | 132.53 | 29.05 | -73.45 | |||||
| EV to CFO | 32.50 | 64.78 | 37.27 | 43.48 | 5.45 | 7.00 | 10.35 | 32.16 | 29.71 | 19.94 | 2.15 | -67.82 | -319.34 | -921.84 | 9.50 | -50.08 | -142.39 | -44.06 | 375.33 | -19.39 | |||||
| Return Ratios | |||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -4.55% | 50.65% | 32.41% | 37.26% | 41.30% | 33.08% | 61.37% | 235.25% | 43.01% | -5.83% | 62.89% | 40.45% | 43.15% | -177.76% | 15.30% | 16.84% | 5.91% | -381.29% | -16.02% | -16.02% | |||||
| Return on Capital Employed [ROCE]ROCE | 4.03% | 2.49% | 3.77% | 5.13% | 4.66% | 5.10% | 10.52% | 10.57% | 9.47% | 9.26% | 3.40% | 3.18% | -0.31% | -1.28% | -1.95% | -2.77% | -9.08% | -10.75% | -14.64% | ||||||
| Return on Invested Capital [ROIC]ROIC | 5.08% | 3.11% | 3.54% | 7.76% | 4.83% | 5.54% | 14.01% | 13.30% | 12.41% | 11.56% | 4.44% | 3.92% | -0.15% | -0.78% | -1.76% | -3.02% | -4.86% | -5.33% | -5.79% | ||||||
| Return on Assets [ROA]ROA | 2.33% | 0.75% | 0.64% | -2.32% | -1.37% | -1.94% | 8.60% | 12.55% | 12.28% | 13.34% | 5.68% | 6.45% | -1.01% | -1.38% | -2.95% | -6.35% | -6.25% | -15.80% | -24.89% |