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Side-by-side financial comparison of Magnera Corp (MAGN) and VIASAT INC (VSAT). Click either name above to swap in a different company.
VIASAT INC is the larger business by last-quarter revenue ($1.2B vs $792.0M, roughly 1.5× Magnera Corp). VIASAT INC runs the higher net margin — 2.2% vs -4.3%, a 6.5% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 3.0%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 0.3%).
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
MAGN vs VSAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.2B |
| Net Profit | $-34.0M | $25.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | 1.8% | 2.3% |
| Net Margin | -4.3% | 2.2% |
| Revenue YoY | 12.8% | 3.0% |
| Net Profit YoY | 43.3% | 115.8% |
| EPS (diluted) | $-0.95 | $0.18 |
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 | $792.0M | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $839.0M | $1.2B | ||
| Q1 25 | $824.0M | $1.1B | ||
| Q4 24 | $702.0M | $1.1B | ||
| Q3 24 | $332.1M | $1.1B | ||
| Q2 24 | $556.0M | $1.1B | ||
| Q1 24 | $558.0M | $1.2B |
| Q4 25 | $-34.0M | $25.0M | ||
| Q3 25 | — | $-61.4M | ||
| Q2 25 | $-18.0M | $-56.4M | ||
| Q1 25 | $-41.0M | $-246.1M | ||
| Q4 24 | $-60.0M | $-158.4M | ||
| Q3 24 | $-15.2M | $-137.6M | ||
| Q2 24 | $19.0M | $-32.9M | ||
| Q1 24 | $14.0M | $-100.3M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 6.2% | — |
| Q4 25 | 1.8% | 2.3% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | 1.5% | 4.0% | ||
| Q1 25 | 0.5% | -13.4% | ||
| Q4 24 | -3.1% | 1.9% | ||
| Q3 24 | 0.9% | -2.2% | ||
| Q2 24 | 3.1% | 5.3% | ||
| Q1 24 | 3.8% | 0.0% |
| Q4 25 | -4.3% | 2.2% | ||
| Q3 25 | — | -5.4% | ||
| Q2 25 | -2.1% | -4.8% | ||
| Q1 25 | -5.0% | -21.5% | ||
| Q4 24 | -8.5% | -14.1% | ||
| Q3 24 | -4.6% | -12.3% | ||
| Q2 24 | 3.4% | -2.9% | ||
| Q1 24 | 2.5% | -8.7% |
| Q4 25 | $-0.95 | $0.18 | ||
| Q3 25 | — | $-0.45 | ||
| Q2 25 | $-0.51 | $-0.43 | ||
| Q1 25 | $-1.15 | $-1.92 | ||
| Q4 24 | $-1.69 | $-1.23 | ||
| Q3 24 | $-0.33 | $-1.07 | ||
| Q2 24 | $0.60 | $-0.26 | ||
| Q1 24 | $0.44 | $-1.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $264.0M | $1.3B |
| Total DebtLower is stronger | $1.9B | $6.2B |
| Stockholders' EquityBook value | $1.0B | $4.6B |
| Total Assets | $3.9B | $14.9B |
| Debt / EquityLower = less leverage | 1.86× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $276.0M | $1.2B | ||
| Q1 25 | $282.0M | $1.6B | ||
| Q4 24 | $215.0M | $1.6B | ||
| Q3 24 | $230.0M | $3.5B | ||
| Q2 24 | $33.9M | $1.8B | ||
| Q1 24 | $30.2M | $1.9B |
| Q4 25 | $1.9B | $6.2B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | $2.0B | $6.5B | ||
| Q1 25 | $2.0B | $6.5B | ||
| Q4 24 | $2.0B | $6.5B | ||
| Q3 24 | $2.0B | $6.4B | ||
| Q2 24 | $877.4M | $7.1B | ||
| Q1 24 | $884.7M | $7.1B |
| Q4 25 | $1.0B | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | $1.1B | $4.6B | ||
| Q1 25 | $1.1B | $4.6B | ||
| Q4 24 | $1.1B | $4.8B | ||
| Q3 24 | $2.1B | $4.9B | ||
| Q2 24 | $2.4B | $5.0B | ||
| Q1 24 | $2.4B | $5.0B |
| Q4 25 | $3.9B | $14.9B | ||
| Q3 25 | — | $14.8B | ||
| Q2 25 | $4.1B | $14.9B | ||
| Q1 25 | $4.1B | $15.4B | ||
| Q4 24 | $4.0B | $15.6B | ||
| Q3 24 | $2.8B | $17.8B | ||
| Q2 24 | $1.5B | $16.1B | ||
| Q1 24 | $1.5B | $16.3B |
| Q4 25 | 1.86× | 1.37× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | 1.77× | 1.43× | ||
| Q1 25 | 1.83× | 1.43× | ||
| Q4 24 | 1.80× | 1.37× | ||
| Q3 24 | 0.91× | 1.30× | ||
| Q2 24 | 0.37× | 1.42× | ||
| Q1 24 | 0.36× | 1.42× |
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 | $2.0M | $726.9M |
| Free Cash FlowOCF − Capex | $-13.0M | — |
| FCF MarginFCF / Revenue | -1.6% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | — | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0M | $726.9M | ||
| Q3 25 | — | $282.2M | ||
| Q2 25 | $0 | $258.5M | ||
| Q1 25 | $65.0M | $298.4M | ||
| Q4 24 | $-58.0M | $219.5M | ||
| Q3 24 | $12.2M | $239.2M | ||
| Q2 24 | $38.0M | $151.1M | ||
| Q1 24 | $20.0M | $232.0M |
| Q4 25 | $-13.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $42.0M | — | ||
| Q4 24 | $-74.0M | — | ||
| Q3 24 | $3.6M | — | ||
| Q2 24 | $23.0M | — | ||
| Q1 24 | $12.5M | — |
| Q4 25 | -1.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | -10.5% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 2.2% | — |
| Q4 25 | 1.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | — | 29.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 1.43× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
