InsiderClue
Stocks · Communication · Communications Services, NEC

Telesat Corp

TSAT Clue Score21
Ontario, Canada Fiscal year ends December CIK 0001845840
$45.96 +2.91% Close, 9 Oct 2026
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Price $45.96 +244.79% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 19 Nov 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue910.9Operating income478.3Net income187.2EPS, diluted3.76Fiscal year 2020Revenue820.5 −9.9%Operating income404.5Net income244.8 +30.8%EPS, diluted4.92Fiscal year 2021Revenue758.2 −7.6%Operating income409.1Net income92.5 −62.2%EPS, diluted1.99Fiscal year 2022Revenue759.2 +0.1%Operating income296.5Net income−23.8 −125.7%EPS, diluted−1.93Fiscal year 2023Revenue704.2 −7.2%Operating income568.8Net income157.1EPS, diluted11.29Fiscal year 2024Revenue571.0 −18.9%Operating income−40.3Net income−87.7 −155.8%EPS, diluted−6.29Fiscal year 2025Revenue418.0 −26.8%Operating income−303.9Net income−155.4EPS, diluted−10.61
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 910.9 820.5 758.2 759.2 704.2 571.0 418.0
Growth −9.9% −7.6% +0.1% −7.2% −18.9% −26.8%
Operating income 478.3 404.5 409.1 296.5 568.8 −40.3 −303.9
Net income 187.2 244.8 92.5 −23.8 157.1 −87.7 −155.4
Growth +30.8% −62.2% −125.7% −155.8%
EPS, diluted 3.76 4.92 1.99 −1.93 11.29 −6.29 −10.61

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin52.5%Net margin20.6%Free cash flow margin40.3%Fiscal year 2020Operating margin49.3%Net margin29.8%Free cash flow margin43.3%Fiscal year 2021Operating margin54.0%Net margin12.2%Free cash flow margin34.5%Fiscal year 2022Operating margin39.0%Net margin−3.1%Free cash flow margin27.2%Fiscal year 2023Operating margin80.8%Net margin22.3%Free cash flow margin18.1%Fiscal year 2024Operating margin−7.1%Net margin−15.4%Free cash flow margin−0.4%Fiscal year 2025Operating margin−72.7%Net margin−37.2%Free cash flow margin−17.7%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 52.5% 49.3% 54.0% 39.0% 80.8% −7.1% −72.7%
Net margin 20.6% 29.8% 12.2% −3.1% 22.3% −15.4% −37.2%
Free cash flow margin 40.3% 43.3% 34.5% 27.2% 18.1% −0.4% −17.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow375.6Capital expenditure−8.3Free cash flow367.3Dividends paid−0.0Fiscal year 2020Operating cash flow371.7Capital expenditure−16.3Free cash flow355.4 −3.2%Dividends paid−0.0Fiscal year 2021Operating cash flow293.5Capital expenditure−31.7Free cash flow261.8 −26.3%Dividends paid−0.0Fiscal year 2022Operating cash flow239.6Capital expenditure−32.7Free cash flow206.9 −21.0%Fiscal year 2023Operating cash flow170.1Capital expenditure−42.9Free cash flow127.1 −38.5%Fiscal year 2024Operating cash flow62.5Capital expenditure−64.8Free cash flow−2.3 −101.8%Fiscal year 2025Operating cash flow66.7Capital expenditure−140.5Free cash flow−73.8
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 375.6 371.7 293.5 239.6 170.1 62.5 66.7
Capital expenditure −8.3 −16.3 −31.7 −32.7 −42.9 −64.8 −140.5
Free cash flow 367.3 355.4 261.8 206.9 127.1 −2.3 −73.8
Growth −3.2% −26.3% −21.0% −38.5% −101.8%
Dividends paid −0.0 −0.0 −0.0 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash1,027.2Shareholders’ equity1,245.3Fiscal year 2020Cash818.4Total debt3,187.2Net cash (debt)−2,368.8Shareholders’ equity1,459.9Debt to equity2.18Fiscal year 2021Cash1,449.6Total debt3,792.6Net cash (debt)−2,343.0Shareholders’ equity415.7Debt to equity9.12Fiscal year 2022Cash1,677.8Total debt3,850.1Net cash (debt)−2,172.3Shareholders’ equity481.4Debt to equity8.00Fiscal year 2023Cash1,669.1Total debt3,197.0Net cash (debt)−1,527.9Shareholders’ equity661.9Debt to equity4.83Fiscal year 2024Cash552.1Total debt3,096.6Net cash (debt)−2,544.6Shareholders’ equity710.3Debt to equity4.36Fiscal year 2025Cash509.8Total debt1,152.5Net cash (debt)−642.7Shareholders’ equity530.8Debt to equity2.17
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1,027.2 818.4 1,449.6 1,677.8 1,669.1 552.1 509.8
Total debt n/a 3,187.2 3,792.6 3,850.1 3,197.0 3,096.6 1,152.5
Net cash (debt) n/a −2,368.8 −2,343.0 −2,172.3 −1,527.9 −2,544.6 −642.7
Shareholders’ equity 1,245.3 1,459.9 415.7 481.4 661.9 710.3 530.8
Debt to equity n/a 2.18 9.12 8.00 4.83 4.36 2.17

In millions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
52.5% 49.3% 54.0% 39.0% 80.8% −7.1% −72.7%
20.6% 29.8% 30.8% −4.0% 95.6% −55.3% −143.0%
20.6% 29.8% 12.2% −3.1% 22.3% −15.4% −37.2%
40.3% 43.3% 34.5% 27.2% 18.1% −0.4% −17.7%
Spending
n/a n/a n/a n/a n/a 2.0% 2.8%
0.9% 2.0% 4.2% 4.3% 6.1% 11.3% 33.6%
8.1% −1.8% 30.4% n/a 13.3% n/a n/a
Returns
15.0% 16.8% 22.3% −4.9% 23.7% −12.4% −29.3%
n/a 4.4% 1.5% −0.4% 2.5% −1.3% −2.4%
Balance and payout
n/a 2.18 9.12 8.00 4.83 4.36 2.17
n/a 73.8% 73.3% 71.6% 62.0% 64.1% 73.2%
0.0% 0.0% 0.0% n/a n/a n/a n/a
0.0% 0.0% 0.0% n/a n/a n/a n/a

Shown in CAD as filed; the screener converts to dollars.