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Side-by-side financial comparison of HARROW, INC. (HROW) and Telesat Corp (TSAT). Click either name above to swap in a different company.

HARROW, INC. is the larger business by last-quarter revenue ($89.1M vs $73.8M, roughly 1.2× Telesat Corp). HARROW, INC. runs the higher net margin — 7.4% vs -119.8%, a 127.3% gap on every dollar of revenue. Over the past eight quarters, HARROW, INC.'s revenue compounded faster (60.5% CAGR vs -64.0%).

Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.

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

HROW vs TSAT — Head-to-Head

Bigger by revenue
HROW
HROW
1.2× larger
HROW
$89.1M
$73.8M
TSAT
Higher net margin
HROW
HROW
127.3% more per $
HROW
7.4%
-119.8%
TSAT
Faster 2-yr revenue CAGR
HROW
HROW
Annualised
HROW
60.5%
-64.0%
TSAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HROW
HROW
TSAT
TSAT
Revenue
$89.1M
$73.8M
Net Profit
$6.6M
$-88.4M
Gross Margin
79.3%
95.3%
Operating Margin
17.5%
5.9%
Net Margin
7.4%
-119.8%
Revenue YoY
33.3%
Net Profit YoY
-2.2%
EPS (diluted)
$0.20

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
HROW
HROW
TSAT
TSAT
Q4 25
$89.1M
Q3 25
$71.6M
$73.8M
Q2 25
$63.7M
$77.5M
Q1 25
$47.8M
$152.2M
Q4 24
$66.8M
Q3 24
$49.3M
Q2 24
$48.9M
$363.2M
Q1 24
$34.6M
Net Profit
HROW
HROW
TSAT
TSAT
Q4 25
$6.6M
Q3 25
$1.0M
$-88.4M
Q2 25
$5.0M
$55.1M
Q1 25
$-17.8M
$-52.3M
Q4 24
$6.8M
Q3 24
$-4.2M
Q2 24
$-6.5M
$547.4M
Q1 24
$-13.6M
Gross Margin
HROW
HROW
TSAT
TSAT
Q4 25
79.3%
Q3 25
75.3%
95.3%
Q2 25
74.5%
95.9%
Q1 25
67.5%
Q4 24
78.8%
Q3 24
75.6%
Q2 24
74.4%
Q1 24
69.5%
Operating Margin
HROW
HROW
TSAT
TSAT
Q4 25
17.5%
Q3 25
20.6%
5.9%
Q2 25
17.9%
16.8%
Q1 25
-23.5%
Q4 24
19.3%
Q3 24
2.7%
Q2 24
3.1%
Q1 24
-20.0%
Net Margin
HROW
HROW
TSAT
TSAT
Q4 25
7.4%
Q3 25
1.4%
-119.8%
Q2 25
7.8%
71.2%
Q1 25
-37.2%
-34.4%
Q4 24
10.1%
Q3 24
-8.6%
Q2 24
-13.2%
150.7%
Q1 24
-39.2%
EPS (diluted)
HROW
HROW
TSAT
TSAT
Q4 25
$0.20
Q3 25
$0.03
Q2 25
$0.13
Q1 25
$-0.50
Q4 24
$0.19
Q3 24
$-0.12
Q2 24
$-0.18
Q1 24
$-0.38

Balance Sheet & Financial Strength

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

Metric
HROW
HROW
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$72.9M
$352.3M
Total DebtLower is stronger
$250.0M
Stockholders' EquityBook value
$52.4M
$1.6B
Total Assets
$399.5M
$5.1B
Debt / EquityLower = less leverage
4.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HROW
HROW
TSAT
TSAT
Q4 25
$72.9M
Q3 25
$74.3M
$352.3M
Q2 25
$53.0M
$399.6M
Q1 25
$66.7M
$552.1M
Q4 24
$47.2M
Q3 24
$72.6M
Q2 24
$71.0M
$1.7B
Q1 24
$76.0M
Total Debt
HROW
HROW
TSAT
TSAT
Q4 25
$250.0M
Q3 25
$347.2M
Q2 25
$250.6M
Q1 25
$256.9M
Q4 24
$262.7M
Q3 24
$230.7M
Q2 24
$236.3M
Q1 24
$243.4M
Stockholders' Equity
HROW
HROW
TSAT
TSAT
Q4 25
$52.4M
Q3 25
$47.0M
$1.6B
Q2 25
$49.7M
$1.7B
Q1 25
$56.5M
$2.5B
Q4 24
$69.7M
Q3 24
$58.0M
Q2 24
$58.5M
$2.4B
Q1 24
$60.6M
Total Assets
HROW
HROW
TSAT
TSAT
Q4 25
$399.5M
Q3 25
$363.1M
$5.1B
Q2 25
$345.0M
$4.9B
Q1 25
$364.2M
$6.9B
Q4 24
$389.0M
Q3 24
$351.5M
Q2 24
$306.6M
$6.3B
Q1 24
$295.5M
Debt / Equity
HROW
HROW
TSAT
TSAT
Q4 25
4.77×
Q3 25
7.39×
Q2 25
5.05×
Q1 25
4.55×
Q4 24
3.77×
Q3 24
3.98×
Q2 24
4.04×
Q1 24
4.02×

Cash Flow & Capital Efficiency

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

Metric
HROW
HROW
TSAT
TSAT
Operating Cash FlowLast quarter
$8.4M
Free Cash FlowOCF − Capex
$8.1M
FCF MarginFCF / Revenue
9.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters
$43.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HROW
HROW
TSAT
TSAT
Q4 25
$8.4M
Q3 25
$16.6M
Q2 25
$-803.0K
Q1 25
$19.7M
Q4 24
$-17.8M
Q3 24
$3.0M
Q2 24
$-2.7M
Q1 24
$-4.6M
Free Cash Flow
HROW
HROW
TSAT
TSAT
Q4 25
$8.1M
Q3 25
$16.4M
Q2 25
$-969.0K
Q1 25
$19.5M
Q4 24
$-18.3M
Q3 24
$2.3M
Q2 24
$-3.1M
Q1 24
$-4.7M
FCF Margin
HROW
HROW
TSAT
TSAT
Q4 25
9.1%
Q3 25
22.9%
Q2 25
-1.5%
Q1 25
40.8%
Q4 24
-27.4%
Q3 24
4.8%
Q2 24
-6.3%
Q1 24
-13.6%
Capex Intensity
HROW
HROW
TSAT
TSAT
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.4%
Q4 24
0.8%
Q3 24
1.2%
Q2 24
0.7%
Q1 24
0.3%
Cash Conversion
HROW
HROW
TSAT
TSAT
Q4 25
1.27×
Q3 25
16.26×
Q2 25
-0.16×
Q1 25
Q4 24
-2.62×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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