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Friday 6 November 2026
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Telesat Corporation
TSAT Technology Communication Equipment
Telesat Corporation’s revenue for fiscal 2025 (year ended December 2025) was $299.1 million, down 28.2% from fiscal 2024.
- Revenue
- −21.5%
- EPS
- −327.3%
- Free cash flow
- +1,108.2%
- Total debt
- −1.07%
Quarter to September 2026, against a year earlier
41.58
4.39
+11.80%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | — | — | 5 | 6 | 5 | 7 | 2 | 3 |
P/E ratio |
— | — | 120.16 | 11.11 | 6.97 | 10.30 | 0.00 | 1.18 | 0.00 | 0.00 |
Altman Z-Score |
— | — | 21.79 | 15.60 | 8.01 | 0.89 | 0.66 | 0.88 | 0.33 | (0.40) |
P/S ratio |
— | — | 0.00 | 0.00 | 0.59 | 1.29 | 0.18 | 0.27 | 0.55 | 1.42 |
P/FCF ratio |
— | — | 656.18 | 483.91 | 0.00 | 6.63 | 0.72 | 1.66 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
— | — | 7.71 | 8.13 | (3.71) | 2.48 | 2.54 | 3.29 | 1.49 | (2.23) |
Beneish M-Score |
— | — | — | (60.42) | 0.48 | 98.44 | (2.95) | (1.61) | (1.37) | (3.59) |
P/Operating CF |
— | — | 144.61 | 569.99 | (121.23) | 5.22 | 2.05 | 15.42 | (159.09) | (18.85) |
P/B ratio |
— | — | 3.87 | 2.86 | 3.10 | 0.95 | 0.08 | 0.08 | 0.13 | 0.34 |
Price to Tangible BV |
— | — | 3.87 | 2.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
— | — | 0.00 | 0.00 | 2.92 | 3.18 | 3.08 | 2.51 | 6.14 | 8.59 |
EV/EBITDA |
— | — | 0.00 | 0.00 | 0.00 | 0.00 | 4.67 | 2.31 | 35.65 | 0.00 |
EV/Operating CF |
— | — | 528.03 | 348.86 | (292.41) | 13.46 | 10.20 | 10.44 | 56.13 | 53.81 |
EV/FCF |
— | — | 544.86 | 359.00 | (129.96) | 16.31 | 11.98 | 15.65 | (1,480.99) | (8.54) |
Quick Ratio |
6.20 | 69.12 | 64.12 | 47.26 | 6.79 | 8.66 | 10.14 | 12.81 | 2.89 | 0.17 |
Current Ratio |
6.68 | 69.92 | 64.92 | 47.50 | 7.04 | 8.89 | 10.43 | 13.19 | 3.98 | 0.25 |
Net Debt/EBITDA |
(4.73) | 27.49 | 37.26 | (526.61) | (3,689.88) | 3.75 | 4.39 | 2.02 | 32.29 | (19.32) |
Debt/Assets |
26.21% | 16.41% | 4.09% | 957.24% | 1,263.81% | 59.99% | 59.76% | 51.19% | 53.67% | 53.06% |
Debt/Equity |
0.41 | 0.21 | 0.05 | 10.69 | 15.35 | 2.25 | 2.11 | 1.34 | 1.49 | 1.98 |
Asset Turnover |
0.00 | 0.00 | 2.56 | 2.53 | 2.54 | 0.23 | 0.12 | 0.11 | 0.09 | 0.06 |
Operating CF/Net income |
(0.45) | (0.18) | 0.19 | 0.02 | (0.12) | 2.86 | (9.78) | 1.08 | (0.71) | (0.43) |
Capex/Depreciation |
(0.08) | (1.32) | 0.00 | (0.08) | (0.06) | (0.16) | (0.16) | (0.29) | (0.47) | (0.91) |
Interest Coverage |
(336.30) | (260.89) | (251.31) | (275.50) | (33.19) | 2.19 | 1.34 | 2.10 | (0.17) | (1.40) |
| 33.85% | 58.33% | 3.27% | 27.72% | 33.27% | 10.55% | (1.30%) | 7.30% | (3.56%) | (7.20%) | |
| 19.71% | 42.09% | 2.73% | 24.89% | 28.85% | 3.10% | (0.36%) | 2.42% | (1.32%) | (2.27%) | |
ROIC |
(2.08%) | (4.54%) | (7.55%) | (0.11%) | (0.02%) | 6.33% | 4.60% | 9.02% | (0.44%) | (3.99%) |
Return on Tangible Assets |
135.58% | 50.65% | 3.70% | 5.24% | 6.90% | 3.61% | (0.78%) | 5.35% | (2.88%) | (67.16%) |
Average Days of Receivables |
0.00 | 0.00 | 1.58 | 0.23 | 0.55 | 60.62 | 28.68 | 49.14 | 120.28 | 56.22 |
Research and Development Expense of Revenue |
— | — | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.72% | 0.73% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 8.31 | 12.68 | 0.50 | 0.49 | 0.50 | 0.45 | 0.40 |
Share Based Compensation of Revenue |
— | — | 0.00% | 1.40% | 1.22% | 9.72% | 8.88% | 4.69% | 3.07% | 0.99% |
Graham Net Nets |
— | — | 0.20 | 0.22 | (0.02) | (1.88) | (20.39) | (11.01) | (10.92) | (6.72) |
Graham Number |
— | — | 8.19 | 27.22 | 21.42 | 43.37 | 0.00 | 161.21 | 0.00 | 0.00 |
Earnings Yield |
— | — | 0.83% | 9.00% | 14.34% | 9.71% | (16.57%) | 84.50% | (26.89%) | (25.88%) |
Free Cash Flow Yield |
— | — | 0.15% | 0.21% | (3.78%) | 15.08% | 139.15% | 60.38% | (0.75%) | (70.58%) |
Revenue per Share |
0.00 | 0.00 | 29.19 | 29.45 | 26.52 | 13.39 | 47.43 | 38.88 | 29.90 | 20.43 |
Operating CF per Share |
(0.69) | (0.80) | 0.06 | 0.07 | (0.35) | 5.24 | 14.30 | 9.34 | 3.27 | 3.26 |
Capex per Share |
0.00 | 0.00 | 0.00 | (0.71) | (0.44) | (0.63) | (2.05) | (3.10) | (3.40) | (6.65) |
Free Cash Flow per Share |
(0.69) | (0.80) | 0.06 | (0.64) | (0.79) | 4.60 | 12.25 | 6.23 | (0.13) | (3.39) |
Cash per Share |
1.21 | 8.25 | 8.31 | 8.38 | 1.02 | 25.61 | 104.83 | 92.16 | 28.91 | 24.92 |
Shareholders Equity per Share |
5.51 | 9.39 | 9.62 | 11.32 | 6.77 | 30.03 | 114.70 | 132.46 | 130.74 | 86.50 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
5.51 | 9.39 | 9.62 | 11.32 | 6.77 | 30.03 | 114.70 | 132.46 | 130.74 | 86.50 |
Free Cash Flow |
(21.25) | (24.75) | 1.81 | (19.90) | (24.54) | 207.94 | 150.82 | 83.64 | (1.75) | (49.60) |
Working Capital |
34.81 | 265.49 | 260.01 | 255.47 | 29.25 | 1,145.66 | 1,243.71 | 1,243.77 | 558.07 | (1,778.78) |
Capital Expenditures |
0.00 | (0.05) | 0.00 | (22.03) | (13.64) | (28.55) | (25.21) | (41.62) | (47.33) | (97.34) |
Net Current Asset Value |
(52.88) | 185.23 | 231.35 | 220.18 | (10.84) | (2,432.28) | (2,196.53) | (1,525.07) | (2,501.17) | (2,864.32) |
EV/EBIT |
— | — | 0.00 | 0.00 | 0.00 | 9.69 | 7.88 | 3.10 | 0.00 | 0.00 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.05 | 0.04 | 0.08 | 0.11 | 0.33 |
Price to Operating Income |
— | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.47 | 0.33 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.18 | 0.18 | 0.15 | 0.15 | 0.16 | 0.06 | 0.05 |
Cash ROIC |
(7.67%) | (4.08%) | 0.32% | (0.46%) | (0.71%) | 3.74% | 2.65% | 1.55% | (0.04%) | (1.20%) |
Accounts Receivable Turnover |
0.00 | 0.00 | 120.33 | 406.74 | 909.61 | 11.90 | 7.98 | 8.98 | 4.02 | 3.26 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 6.73 | 12.76 | 11.04 | 5.17 | 4.60 | 2.05 | 1.94 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 9.63 | 79.41 | 36.92 | 20.97 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 24.25 | 30.64 | 39.18 | 61.38 | 77.85 | 278.06 | 99.01 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
6.89 | 5.83 | 7.50 | 2.24 | 0.90 | 50.85 | 73.18 | 58.06 | 103.78 | 91.70 |
Average Payables |
— | — | — | 58.16 | 28.00 | 36.79 | 38.55 | 32.91 | 73.91 | 78.31 |
Average Inventory |
— | — | — | 40.65 | 4.50 | 11.00 | 9.50 | — | — | — |
Average Assets |
239.42 | 319.47 | 352.51 | 360.56 | 322.64 | 2,667.08 | 5,031.90 | 4,816.07 | 4,858.32 | 4,897.46 |
Average Common Equity |
139.45 | 230.50 | 294.08 | 323.80 | 279.78 | 782.90 | 1,384.15 | 1,594.59 | 1,799.63 | 1,544.30 |
Columns are period end dates · fundamentals updated 2 Nov 2026