Telesat Corporation (TSAT.TO) is a satellite operator providing essential communications solutions globally. The company faces significant concerns, including a very low gross margin of 22.3%, negative EBITDA and net margins, and a high debt-to-equity ratio of 10.07, indicating potential financial instability. Additionally, a current ratio of 0.17 raises liquidity concerns. While the technology sector offers growth potential, Telesat's financial health suggests challenges that could hinder its performance moving forward.
Loading financial metrics...
Revenue fell 45.3% year-over-year from $489.3M to $267.6M. The decline has persisted for multiple quarters.
Gross profit margin declined from 94.4% to 54.5% year-over-year, suggesting pricing pressure or rising input costs are squeezing profitability.
Company posted a loss of $-246.5M over the last year, representing 92.1% of revenue.
Debt of $3.8B is 9.9x the company's cash position of $383.2M.
Operating margin expanded by 22.8pp, demonstrating strong operational leverage.
Strong gross margin of 54.5% reflects healthy unit economics.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
Other Communication Equipment companies of a similar size
Based on 2026-Q2 (June 30, 2026)