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Side-by-side financial comparison of Eos Energy Enterprises, Inc. (EOSE) 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 $58.0M, roughly 1.3× Eos Energy Enterprises, Inc.). Telesat Corp runs the higher net margin — -119.8% vs -207.7%, a 87.9% gap on every dollar of revenue.

Eos Energy Enterprises, Inc. is an energy storage solutions provider that designs, produces and deploys safe long-duration zinc-based battery systems. It serves utility, commercial, industrial and microgrid customers across North America, Europe and Asia, supporting grid stability and renewable energy integration.

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

EOSE vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.3× larger
TSAT
$73.8M
$58.0M
EOSE
Higher net margin
TSAT
TSAT
87.9% more per $
TSAT
-119.8%
-207.7%
EOSE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EOSE
EOSE
TSAT
TSAT
Revenue
$58.0M
$73.8M
Net Profit
$-120.5M
$-88.4M
Gross Margin
-93.8%
95.3%
Operating Margin
-140.1%
5.9%
Net Margin
-207.7%
-119.8%
Revenue YoY
699.6%
Net Profit YoY
55.1%
EPS (diluted)
$-0.53

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
EOSE
EOSE
TSAT
TSAT
Q4 25
$58.0M
Q3 25
$30.5M
$73.8M
Q2 25
$15.2M
$77.5M
Q1 25
$10.5M
$152.2M
Q4 24
$7.3M
Q2 24
$363.2M
Q3 23
$552.5M
Q2 23
$372.4M
Net Profit
EOSE
EOSE
TSAT
TSAT
Q4 25
$-120.5M
Q3 25
$-641.4M
$-88.4M
Q2 25
$-222.9M
$55.1M
Q1 25
$15.1M
$-52.3M
Q4 24
$-268.1M
Q2 24
$547.4M
Q3 23
$-172.5M
Q2 23
$56.3M
Gross Margin
EOSE
EOSE
TSAT
TSAT
Q4 25
-93.8%
Q3 25
-111.2%
95.3%
Q2 25
-203.2%
95.9%
Q1 25
-234.7%
Q4 24
-324.0%
Q2 24
Q3 23
Q2 23
Operating Margin
EOSE
EOSE
TSAT
TSAT
Q4 25
-140.1%
Q3 25
-200.6%
5.9%
Q2 25
-419.1%
16.8%
Q1 25
-506.2%
Q4 24
-712.8%
Q2 24
Q3 23
Q2 23
Net Margin
EOSE
EOSE
TSAT
TSAT
Q4 25
-207.7%
Q3 25
-2102.1%
-119.8%
Q2 25
-1463.2%
71.2%
Q1 25
144.7%
-34.4%
Q4 24
-3696.7%
Q2 24
150.7%
Q3 23
-31.2%
Q2 23
15.1%
EPS (diluted)
EOSE
EOSE
TSAT
TSAT
Q4 25
$-0.53
Q3 25
$-4.91
Q2 25
$-1.05
Q1 25
$-0.20
Q4 24
$-2.30
Q2 24
Q3 23
Q2 23

Balance Sheet & Financial Strength

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

Metric
EOSE
EOSE
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$568.0M
$352.3M
Total DebtLower is stronger
$813.3M
Stockholders' EquityBook value
$-2.2B
$1.6B
Total Assets
$885.2M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOSE
EOSE
TSAT
TSAT
Q4 25
$568.0M
Q3 25
$58.7M
$352.3M
Q2 25
$120.2M
$399.6M
Q1 25
$82.6M
$552.1M
Q4 24
$74.3M
Q2 24
$1.7B
Q3 23
$1.7B
Q2 23
$1.7B
Total Debt
EOSE
EOSE
TSAT
TSAT
Q4 25
$813.3M
Q3 25
$448.5M
Q2 25
$445.3M
Q1 25
$325.5M
Q4 24
$316.9M
Q2 24
Q3 23
Q2 23
Stockholders' Equity
EOSE
EOSE
TSAT
TSAT
Q4 25
$-2.2B
Q3 25
$-2.3B
$1.6B
Q2 25
$-1.1B
$1.7B
Q1 25
$-942.2M
$2.5B
Q4 24
$-1.1B
Q2 24
$2.4B
Q3 23
$1.8B
Q2 23
$1.8B
Total Assets
EOSE
EOSE
TSAT
TSAT
Q4 25
$885.2M
Q3 25
$328.2M
$5.1B
Q2 25
$361.0M
$4.9B
Q1 25
$263.3M
$6.9B
Q4 24
$260.3M
Q2 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
EOSE
EOSE
TSAT
TSAT
Operating Cash FlowLast quarter
$-50.3M
Free Cash FlowOCF − Capex
$-75.2M
FCF MarginFCF / Revenue
-129.7%
Capex IntensityCapex / Revenue
43.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-265.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOSE
EOSE
TSAT
TSAT
Q4 25
$-50.3M
Q3 25
$-65.9M
Q2 25
$-66.1M
Q1 25
$-28.9M
Q4 24
$-42.7M
Q2 24
Q3 23
Q2 23
Free Cash Flow
EOSE
EOSE
TSAT
TSAT
Q4 25
$-75.2M
Q3 25
$-82.7M
Q2 25
$-73.2M
Q1 25
$-33.8M
Q4 24
$-55.8M
Q2 24
Q3 23
Q2 23
FCF Margin
EOSE
EOSE
TSAT
TSAT
Q4 25
-129.7%
Q3 25
-271.1%
Q2 25
-480.2%
Q1 25
-323.6%
Q4 24
-769.1%
Q2 24
Q3 23
Q2 23
Capex Intensity
EOSE
EOSE
TSAT
TSAT
Q4 25
43.1%
Q3 25
55.2%
Q2 25
46.2%
Q1 25
47.0%
Q4 24
180.6%
Q2 24
Q3 23
Q2 23
Cash Conversion
EOSE
EOSE
TSAT
TSAT
Q4 25
Q3 25
Q2 25
Q1 25
-1.91×
Q4 24
Q2 24
Q3 23
Q2 23

Financial Flow Comparison

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

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