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Side-by-side financial comparison of Neptune Insurance Holdings Inc. (NP) 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 $37.8M, roughly 2.0× Neptune Insurance Holdings Inc.). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -119.8%, a 119.9% gap on every dollar of revenue.
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.
NP vs TSAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $37.8M | $73.8M |
| Net Profit | $50.0K | $-88.4M |
| Gross Margin | — | 95.3% |
| Operating Margin | — | 5.9% |
| Net Margin | 0.1% | -119.8% |
| Revenue YoY | 28.8% | — |
| Net Profit YoY | 0.0% | — |
| EPS (diluted) | $0.05 | — |
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.
| Q1 26 | $37.8M | — | ||
| Q3 25 | $44.4M | $73.8M | ||
| Q2 25 | — | $77.5M | ||
| Q1 25 | — | $152.2M | ||
| Q3 24 | $33.8M | — | ||
| Q2 24 | — | $363.2M | ||
| Q3 23 | — | $552.5M | ||
| Q2 23 | — | $372.4M |
| Q1 26 | $50.0K | — | ||
| Q3 25 | $11.5M | $-88.4M | ||
| Q2 25 | — | $55.1M | ||
| Q1 25 | — | $-52.3M | ||
| Q3 24 | $12.1M | — | ||
| Q2 24 | — | $547.4M | ||
| Q3 23 | — | $-172.5M | ||
| Q2 23 | — | $56.3M |
| Q1 26 | — | — | ||
| Q3 25 | — | 95.3% | ||
| Q2 25 | — | 95.9% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | 46.7% | 5.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | — | ||
| Q3 24 | 58.6% | — | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q1 26 | 0.1% | — | ||
| Q3 25 | 25.9% | -119.8% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | -34.4% | ||
| Q3 24 | 35.8% | — | ||
| Q2 24 | — | 150.7% | ||
| Q3 23 | — | -31.2% | ||
| Q2 23 | — | 15.1% |
| Q1 26 | $0.05 | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $0.06 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $352.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.6B |
| Total Assets | — | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q3 25 | $12.2M | $352.3M | ||
| Q2 25 | — | $399.6M | ||
| Q1 25 | — | $552.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.7B | ||
| Q3 23 | — | $1.7B | ||
| Q2 23 | — | $1.7B |
| Q1 26 | — | — | ||
| Q3 25 | $247.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | $-509.5M | $1.6B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $2.5B | ||
| Q3 24 | $-374.3M | — | ||
| Q2 24 | — | $2.4B | ||
| Q3 23 | — | $1.8B | ||
| Q2 23 | — | $1.8B |
| Q1 26 | — | — | ||
| Q3 25 | $89.6M | $5.1B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $6.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $6.3B | ||
| Q3 23 | — | $6.5B | ||
| Q2 23 | — | $6.5B |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
