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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and Telesat Corp (TSAT). Click either name above to swap in a different company.

Telesat Corp is the larger business by last-quarter revenue ($73.8M vs $71.0M, roughly 1.0× Cheer Holding, Inc.). Cheer Holding, Inc. runs the higher net margin — 10.9% vs -119.8%, a 130.7% gap on every dollar of revenue.

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.

CHR vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.0× larger
TSAT
$73.8M
$71.0M
CHR
Higher net margin
CHR
CHR
130.7% more per $
CHR
10.9%
-119.8%
TSAT

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
CHR
CHR
TSAT
TSAT
Revenue
$71.0M
$73.8M
Net Profit
$7.8M
$-88.4M
Gross Margin
70.7%
95.3%
Operating Margin
11.7%
5.9%
Net Margin
10.9%
-119.8%
Revenue YoY
-0.1%
Net Profit YoY
-37.5%
EPS (diluted)
$0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CHR
CHR
TSAT
TSAT
Q3 25
$73.8M
Q2 25
$71.0M
$77.5M
Q1 25
$152.2M
Q2 24
$71.1M
$363.2M
Q3 23
$552.5M
Q2 23
$372.4M
Q1 23
$185.8M
Q3 22
$570.7M
Net Profit
CHR
CHR
TSAT
TSAT
Q3 25
$-88.4M
Q2 25
$7.8M
$55.1M
Q1 25
$-52.3M
Q2 24
$12.4M
$547.4M
Q3 23
$-172.5M
Q2 23
$56.3M
Q1 23
$60.6M
Q3 22
$42.1M
Gross Margin
CHR
CHR
TSAT
TSAT
Q3 25
95.3%
Q2 25
70.7%
95.9%
Q1 25
Q2 24
73.4%
Q3 23
Q2 23
Q1 23
Q3 22
Operating Margin
CHR
CHR
TSAT
TSAT
Q3 25
5.9%
Q2 25
11.7%
16.8%
Q1 25
Q2 24
16.4%
Q3 23
Q2 23
Q1 23
Q3 22
Net Margin
CHR
CHR
TSAT
TSAT
Q3 25
-119.8%
Q2 25
10.9%
71.2%
Q1 25
-34.4%
Q2 24
17.5%
150.7%
Q3 23
-31.2%
Q2 23
15.1%
Q1 23
32.6%
Q3 22
7.4%
EPS (diluted)
CHR
CHR
TSAT
TSAT
Q3 25
Q2 25
$0.67
Q1 25
Q2 24
$1.23
Q3 23
Q2 23
Q1 23
Q3 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHR
CHR
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$1.6B
Total Assets
$362.7M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
TSAT
TSAT
Q3 25
$352.3M
Q2 25
$399.6M
Q1 25
$552.1M
Q2 24
$186.1M
$1.7B
Q3 23
$1.7B
Q2 23
$1.7B
Q1 23
$1.7B
Q3 22
$1.4B
Stockholders' Equity
CHR
CHR
TSAT
TSAT
Q3 25
$1.6B
Q2 25
$322.1M
$1.7B
Q1 25
$2.5B
Q2 24
$286.1M
$2.4B
Q3 23
$1.8B
Q2 23
$1.8B
Q1 23
$1.8B
Q3 22
$1.7B
Total Assets
CHR
CHR
TSAT
TSAT
Q3 25
$5.1B
Q2 25
$362.7M
$4.9B
Q1 25
$6.9B
Q2 24
$333.2M
$6.3B
Q3 23
$6.5B
Q2 23
$6.5B
Q1 23
$6.5B
Q3 22
$6.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHR
CHR
TSAT
TSAT
Operating Cash FlowLast quarter
$3.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
TSAT
TSAT
Q3 25
Q2 25
$3.9M
Q1 25
Q2 24
$-6.7M
Q3 23
Q2 23
Q1 23
Q3 22
Cash Conversion
CHR
CHR
TSAT
TSAT
Q3 25
Q2 25
0.51×
Q1 25
Q2 24
-0.54×
Q3 23
Q2 23
Q1 23
Q3 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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