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

INFINITY NATURAL RESOURCES, INC. is the larger business by last-quarter revenue ($115.5M vs $73.8M, roughly 1.6× Telesat Corp). INFINITY NATURAL RESOURCES, INC. runs the higher net margin — 17.3% vs -119.8%, a 137.1% gap on every dollar of revenue.

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

INR vs TSAT — Head-to-Head

Bigger by revenue
INR
INR
1.6× larger
INR
$115.5M
$73.8M
TSAT
Higher net margin
INR
INR
137.1% more per $
INR
17.3%
-119.8%
TSAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INR
INR
TSAT
TSAT
Revenue
$115.5M
$73.8M
Net Profit
$20.0M
$-88.4M
Gross Margin
95.3%
Operating Margin
47.0%
5.9%
Net Margin
17.3%
-119.8%
Revenue YoY
Net Profit YoY
EPS (diluted)
$1.33

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
INR
INR
TSAT
TSAT
Q4 25
$115.5M
Q3 25
$78.3M
$73.8M
Q2 25
$72.5M
$77.5M
Q1 25
$84.2M
$152.2M
Q2 24
$363.2M
Q3 23
$552.5M
Q2 23
$372.4M
Q1 23
$185.8M
Net Profit
INR
INR
TSAT
TSAT
Q4 25
$20.0M
Q3 25
$10.4M
$-88.4M
Q2 25
$18.0M
$55.1M
Q1 25
$-34.6M
$-52.3M
Q2 24
$547.4M
Q3 23
$-172.5M
Q2 23
$56.3M
Q1 23
$60.6M
Gross Margin
INR
INR
TSAT
TSAT
Q4 25
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Operating Margin
INR
INR
TSAT
TSAT
Q4 25
47.0%
Q3 25
30.5%
5.9%
Q2 25
29.9%
16.8%
Q1 25
-104.5%
Q2 24
Q3 23
Q2 23
Q1 23
Net Margin
INR
INR
TSAT
TSAT
Q4 25
17.3%
Q3 25
13.3%
-119.8%
Q2 25
24.8%
71.2%
Q1 25
-41.1%
-34.4%
Q2 24
150.7%
Q3 23
-31.2%
Q2 23
15.1%
Q1 23
32.6%
EPS (diluted)
INR
INR
TSAT
TSAT
Q4 25
$1.33
Q3 25
$0.65
Q2 25
$1.18
Q1 25
$-2.27
Q2 24
Q3 23
Q2 23
Q1 23

Balance Sheet & Financial Strength

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

Metric
INR
INR
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$2.8M
$352.3M
Total DebtLower is stronger
$55.0K
Stockholders' EquityBook value
$307.1M
$1.6B
Total Assets
$1.2B
$5.1B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
TSAT
TSAT
Q4 25
$2.8M
Q3 25
$4.6M
$352.3M
Q2 25
$6.3M
$399.6M
Q1 25
$4.9M
$552.1M
Q2 24
$1.7B
Q3 23
$1.7B
Q2 23
$1.7B
Q1 23
$1.7B
Total Debt
INR
INR
TSAT
TSAT
Q4 25
$55.0K
Q3 25
Q2 25
Q1 25
$123.0K
Q2 24
Q3 23
Q2 23
Q1 23
Stockholders' Equity
INR
INR
TSAT
TSAT
Q4 25
$307.1M
Q3 25
$288.6M
$1.6B
Q2 25
$10.1M
$1.7B
Q1 25
$-52.2M
$2.5B
Q2 24
$2.4B
Q3 23
$1.8B
Q2 23
$1.8B
Q1 23
$1.8B
Total Assets
INR
INR
TSAT
TSAT
Q4 25
$1.2B
Q3 25
$1.1B
$5.1B
Q2 25
$1.0B
$4.9B
Q1 25
$953.9M
$6.9B
Q2 24
$6.3B
Q3 23
$6.5B
Q2 23
$6.5B
Q1 23
$6.5B
Debt / Equity
INR
INR
TSAT
TSAT
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23

Cash Flow & Capital Efficiency

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

Metric
INR
INR
TSAT
TSAT
Operating Cash FlowLast quarter
$75.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.75×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
TSAT
TSAT
Q4 25
$75.1M
Q3 25
$42.1M
Q2 25
$70.4M
Q1 25
$74.2M
Q2 24
Q3 23
Q2 23
Q1 23
Cash Conversion
INR
INR
TSAT
TSAT
Q4 25
3.75×
Q3 25
4.04×
Q2 25
3.91×
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

TSAT
TSAT

Segment breakdown not available.

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