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Side-by-side financial comparison of NPK International Inc. (NPKI) and Telesat Corp (TSAT). Click either name above to swap in a different company.

NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $73.8M, roughly 1.0× Telesat Corp). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs -64.0%).

NPKI vs TSAT — Head-to-Head

Bigger by revenue
NPKI
NPKI
1.0× larger
NPKI
$75.2M
$73.8M
TSAT
Faster 2-yr revenue CAGR
NPKI
NPKI
Annualised
NPKI
23.9%
-64.0%
TSAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NPKI
NPKI
TSAT
TSAT
Revenue
$75.2M
$73.8M
Net Profit
$-88.4M
Gross Margin
37.7%
95.3%
Operating Margin
16.7%
5.9%
Net Margin
-119.8%
Revenue YoY
30.7%
Net Profit YoY
EPS (diluted)
$0.17

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
NPKI
NPKI
TSAT
TSAT
Q4 25
$75.2M
Q3 25
$68.8M
$73.8M
Q2 25
$68.2M
$77.5M
Q1 25
$64.8M
$152.2M
Q4 24
$57.5M
Q3 24
$44.2M
Q2 24
$66.8M
$363.2M
Q1 24
$49.0M
Net Profit
NPKI
NPKI
TSAT
TSAT
Q4 25
Q3 25
$5.7M
$-88.4M
Q2 25
$8.7M
$55.1M
Q1 25
$10.0M
$-52.3M
Q4 24
Q3 24
$-174.3M
Q2 24
$8.0M
$547.4M
Q1 24
$7.3M
Gross Margin
NPKI
NPKI
TSAT
TSAT
Q4 25
37.7%
Q3 25
31.9%
95.3%
Q2 25
36.9%
95.9%
Q1 25
39.0%
Q4 24
39.2%
Q3 24
27.5%
Q2 24
37.2%
Q1 24
36.0%
Operating Margin
NPKI
NPKI
TSAT
TSAT
Q4 25
16.7%
Q3 25
13.2%
5.9%
Q2 25
17.0%
16.8%
Q1 25
20.9%
Q4 24
20.2%
Q3 24
2.8%
Q2 24
18.7%
Q1 24
14.2%
Net Margin
NPKI
NPKI
TSAT
TSAT
Q4 25
Q3 25
8.2%
-119.8%
Q2 25
12.7%
71.2%
Q1 25
15.4%
-34.4%
Q4 24
Q3 24
-394.3%
Q2 24
12.0%
150.7%
Q1 24
14.9%
EPS (diluted)
NPKI
NPKI
TSAT
TSAT
Q4 25
$0.17
Q3 25
$0.07
Q2 25
$0.10
Q1 25
$0.11
Q4 24
$0.10
Q3 24
$-1.99
Q2 24
$0.09
Q1 24
$0.08

Balance Sheet & Financial Strength

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

Metric
NPKI
NPKI
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$5.1M
$352.3M
Total DebtLower is stronger
$16.9M
Stockholders' EquityBook value
$351.2M
$1.6B
Total Assets
$441.8M
$5.1B
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NPKI
NPKI
TSAT
TSAT
Q4 25
$5.1M
Q3 25
$35.6M
$352.3M
Q2 25
$26.0M
$399.6M
Q1 25
$20.8M
$552.1M
Q4 24
$17.8M
Q3 24
$42.9M
Q2 24
$35.1M
$1.7B
Q1 24
$37.7M
Total Debt
NPKI
NPKI
TSAT
TSAT
Q4 25
$16.9M
Q3 25
$9.5M
Q2 25
$9.3M
Q1 25
$8.1M
Q4 24
$7.7M
Q3 24
$14.0M
Q2 24
$58.0M
Q1 24
$77.4M
Stockholders' Equity
NPKI
NPKI
TSAT
TSAT
Q4 25
$351.2M
Q3 25
$333.9M
$1.6B
Q2 25
$328.8M
$1.7B
Q1 25
$326.9M
$2.5B
Q4 24
$326.5M
Q3 24
$316.5M
Q2 24
$426.6M
$2.4B
Q1 24
$421.6M
Total Assets
NPKI
NPKI
TSAT
TSAT
Q4 25
$441.8M
Q3 25
$404.5M
$5.1B
Q2 25
$393.7M
$4.9B
Q1 25
$390.0M
$6.9B
Q4 24
$393.7M
Q3 24
$389.6M
Q2 24
$624.8M
$6.3B
Q1 24
$640.8M
Debt / Equity
NPKI
NPKI
TSAT
TSAT
Q4 25
0.05×
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.04×
Q2 24
0.14×
Q1 24
0.18×

Cash Flow & Capital Efficiency

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

Metric
NPKI
NPKI
TSAT
TSAT
Operating Cash FlowLast quarter
$18.0M
Free Cash FlowOCF − Capex
$5.8M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
16.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NPKI
NPKI
TSAT
TSAT
Q4 25
$18.0M
Q3 25
$24.7M
Q2 25
$21.4M
Q1 25
$8.8M
Q4 24
$-4.1M
Q3 24
$2.8M
Q2 24
$27.6M
Q1 24
$11.9M
Free Cash Flow
NPKI
NPKI
TSAT
TSAT
Q4 25
$5.8M
Q3 25
$12.0M
Q2 25
$9.7M
Q1 25
$-1.2M
Q4 24
$-17.7M
Q3 24
$-6.7M
Q2 24
$21.0M
Q1 24
$-1.9M
FCF Margin
NPKI
NPKI
TSAT
TSAT
Q4 25
7.6%
Q3 25
17.4%
Q2 25
14.3%
Q1 25
-1.8%
Q4 24
-30.8%
Q3 24
-15.2%
Q2 24
31.4%
Q1 24
-3.9%
Capex Intensity
NPKI
NPKI
TSAT
TSAT
Q4 25
16.3%
Q3 25
18.5%
Q2 25
17.1%
Q1 25
15.5%
Q4 24
23.6%
Q3 24
21.4%
Q2 24
9.9%
Q1 24
28.3%
Cash Conversion
NPKI
NPKI
TSAT
TSAT
Q4 25
Q3 25
4.37×
Q2 25
2.47×
Q1 25
0.88×
Q4 24
Q3 24
Q2 24
3.43×
Q1 24
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NPKI
NPKI

Rental Revenue$34.8M46%
Products$25.5M34%
Services$14.9M20%

TSAT
TSAT

Segment breakdown not available.

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