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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) 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 $43.5M, roughly 1.7× DYNEX CAPITAL INC). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -64.0%).
Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.
Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.
DX vs TSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $73.8M |
| Net Profit | — | $-88.4M |
| Gross Margin | — | 95.3% |
| Operating Margin | — | 5.9% |
| Net Margin | — | -119.8% |
| Revenue YoY | 531.3% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.59 | — |
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.
| Q4 25 | $43.5M | — | ||
| Q3 25 | $30.6M | $73.8M | ||
| Q2 25 | $23.1M | $77.5M | ||
| Q1 25 | $17.1M | $152.2M | ||
| Q2 24 | — | $363.2M | ||
| Q1 24 | $-3.2M | — | ||
| Q3 23 | — | $552.5M | ||
| Q2 23 | — | $372.4M |
| Q4 25 | — | — | ||
| Q3 25 | $150.4M | $-88.4M | ||
| Q2 25 | $-13.6M | $55.1M | ||
| Q1 25 | $-3.1M | $-52.3M | ||
| Q2 24 | — | $547.4M | ||
| Q1 24 | $40.1M | — | ||
| Q3 23 | — | $-172.5M | ||
| Q2 23 | — | $56.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 95.3% | ||
| Q2 25 | — | 95.9% | ||
| Q1 25 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 491.3% | -119.8% | ||
| Q2 25 | -58.8% | 71.2% | ||
| Q1 25 | -18.0% | -34.4% | ||
| Q2 24 | — | 150.7% | ||
| Q1 24 | -1256.8% | — | ||
| Q3 23 | — | -31.2% | ||
| Q2 23 | — | 15.1% |
| Q4 25 | $1.59 | — | ||
| Q3 25 | $1.08 | — | ||
| Q2 25 | $-0.14 | — | ||
| Q1 25 | $-0.06 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $0.64 | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $531.0M | $352.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $1.6B |
| Total Assets | $17.3B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | — | ||
| Q3 25 | $491.0M | $352.3M | ||
| Q2 25 | $387.5M | $399.6M | ||
| Q1 25 | $327.4M | $552.1M | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | $295.7M | — | ||
| Q3 23 | — | $1.7B | ||
| Q2 23 | — | $1.7B |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | $958.5M | — | ||
| Q3 23 | — | $1.8B | ||
| Q2 23 | — | $1.8B |
| Q4 25 | $17.3B | — | ||
| Q3 25 | $14.2B | $5.1B | ||
| Q2 25 | $11.3B | $4.9B | ||
| Q1 25 | $9.0B | $6.9B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | $6.3B | — | ||
| Q3 23 | — | $6.5B | ||
| Q2 23 | — | $6.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $120.8M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.8M | — | ||
| Q3 25 | $68.3M | — | ||
| Q2 25 | $31.9M | — | ||
| Q1 25 | $6.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-17.1M | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.43× | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
