Viasat Inc.
VSAT Technology Communication Equipment
Viasat Inc.’s revenue for fiscal 2026 (year ended March 2026) was $4.6 billion, up 2.67% from fiscal 2025. In the quarter to June 2026, revenue fell 1.24%, EPS grew 11.6%, free cash flow fell 31.1% and total debt fell 2.16%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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Viasat Inc. (VSAT) Altman Z-score
Viasat Inc.'s Altman Z-score for fiscal 2026 is 0.79, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 0.79 | 0.38 |
| FY2025 | 0.41 | 0.03 |
| FY2024 | 0.38 | (0.72) |
| FY2023 | 1.10 | 0.08 |
| FY2022 | 1.02 | (0.08) |
| FY2021 | 1.11 | (0.04) |
| FY2020 | 1.15 | (0.94) |
| FY2019 | 2.08 | 0.06 |
| FY2018 | 2.02 | (0.46) |
| FY2017 | 2.47 | (0.15) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.12 | — | 0.14 | |
| Retained earnings / total assets | (0.02) | — | −0.03 | |
| EBIT / total assets | 0.01 | — | 0.02 | |
| Market value of equity / total liabilities | 0.59 | — | 0.35 | |
| Sales / total assets | 0.30 | — | 0.30 | |
| Altman Z-score | Distress zone | 0.79 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.23 | ||
Z and Z″ put Viasat Inc. in different zones: distress zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ASTS AST SpaceMobile, Inc. compare | 4.4× |
| DGII Digi International Inc. compare | 4.0× |
| ZBRA Zebra Technologies Corporation compare | 3.3× |
| BDC Belden Inc compare | 3.1× |
| AAOI Applied Optoelectronics, Inc. compare | 3.0× |
| EXTR Extreme Networks, Inc. compare | 2.5× |
| ONDS Ondas Holdings Inc. compare | 1.9× |
| VSAT Viasat Inc. | 0.8× |
| VIAV Viavi Solutions Inc. compare | −29.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets