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Side-by-side financial comparison of Cambium Networks Corp (CMBM) 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 $40.3M, roughly 1.8× Cambium Networks Corp). Cambium Networks Corp runs the higher net margin — -17.9% vs -119.8%, a 101.9% gap on every dollar of revenue. Over the past eight quarters, Cambium Networks Corp's revenue compounded faster (-27.2% CAGR vs -64.0%).

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

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

CMBM vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.8× larger
TSAT
$73.8M
$40.3M
CMBM
Higher net margin
CMBM
CMBM
101.9% more per $
CMBM
-17.9%
-119.8%
TSAT
Faster 2-yr revenue CAGR
CMBM
CMBM
Annualised
CMBM
-27.2%
-64.0%
TSAT

Income Statement — Q4 FY2024 vs Q3 FY2025

Metric
CMBM
CMBM
TSAT
TSAT
Revenue
$40.3M
$73.8M
Net Profit
$-7.2M
$-88.4M
Gross Margin
36.6%
95.3%
Operating Margin
-28.4%
5.9%
Net Margin
-17.9%
-119.8%
Revenue YoY
-23.2%
Net Profit YoY
71.0%
EPS (diluted)
$-0.26

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
CMBM
CMBM
TSAT
TSAT
Q3 25
$73.8M
Q2 25
$77.5M
Q1 25
$152.2M
Q4 24
$40.3M
Q3 24
$44.7M
Q2 24
$45.2M
$363.2M
Q1 24
$47.1M
Q4 23
$52.5M
Net Profit
CMBM
CMBM
TSAT
TSAT
Q3 25
$-88.4M
Q2 25
$55.1M
Q1 25
$-52.3M
Q4 24
$-7.2M
Q3 24
$-34.5M
Q2 24
$-14.2M
$547.4M
Q1 24
$-18.4M
Q4 23
$-24.9M
Gross Margin
CMBM
CMBM
TSAT
TSAT
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q4 24
36.6%
Q3 24
43.6%
Q2 24
32.5%
Q1 24
29.8%
Q4 23
15.2%
Operating Margin
CMBM
CMBM
TSAT
TSAT
Q3 25
5.9%
Q2 25
16.8%
Q1 25
Q4 24
-28.4%
Q3 24
-69.6%
Q2 24
-27.2%
Q1 24
-33.1%
Q4 23
-44.5%
Net Margin
CMBM
CMBM
TSAT
TSAT
Q3 25
-119.8%
Q2 25
71.2%
Q1 25
-34.4%
Q4 24
-17.9%
Q3 24
-77.3%
Q2 24
-31.5%
150.7%
Q1 24
-39.2%
Q4 23
-47.5%
EPS (diluted)
CMBM
CMBM
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q4 24
$-0.26
Q3 24
$-1.22
Q2 24
$-0.51
Q1 24
$-0.66
Q4 23
$-0.90

Balance Sheet & Financial Strength

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

Metric
CMBM
CMBM
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$352.3M
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$-3.2M
$1.6B
Total Assets
$173.7M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBM
CMBM
TSAT
TSAT
Q3 25
$352.3M
Q2 25
$399.6M
Q1 25
$552.1M
Q4 24
Q3 24
Q2 24
$1.7B
Q1 24
Q4 23
Total Debt
CMBM
CMBM
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Q1 24
$63.8M
Q4 23
$25.1M
Stockholders' Equity
CMBM
CMBM
TSAT
TSAT
Q3 25
$1.6B
Q2 25
$1.7B
Q1 25
$2.5B
Q4 24
$-3.2M
Q3 24
$1.9M
Q2 24
$34.1M
$2.4B
Q1 24
$45.0M
Q4 23
$61.1M
Total Assets
CMBM
CMBM
TSAT
TSAT
Q3 25
$5.1B
Q2 25
$4.9B
Q1 25
$6.9B
Q4 24
$173.7M
Q3 24
$194.3M
Q2 24
$221.1M
$6.3B
Q1 24
$219.8M
Q4 23
$209.1M
Debt / Equity
CMBM
CMBM
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×
Q1 24
1.42×
Q4 23
0.41×

Cash Flow & Capital Efficiency

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

Metric
CMBM
CMBM
TSAT
TSAT
Operating Cash FlowLast quarter
$-10.4M
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-26.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q4 24
$-10.4M
Q3 24
$8.9M
Q2 24
$2.4M
Q1 24
$-15.9M
Q4 23
$-5.8M
Free Cash Flow
CMBM
CMBM
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q4 24
$-10.8M
Q3 24
$6.8M
Q2 24
$87.0K
Q1 24
$-17.4M
Q4 23
$-7.4M
FCF Margin
CMBM
CMBM
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q4 24
-26.8%
Q3 24
15.2%
Q2 24
0.2%
Q1 24
-37.0%
Q4 23
-14.0%
Capex Intensity
CMBM
CMBM
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q4 24
1.1%
Q3 24
4.8%
Q2 24
5.1%
Q1 24
3.3%
Q4 23
3.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

TSAT
TSAT

Segment breakdown not available.

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