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Side-by-side financial comparison of Orchid Island Capital, Inc. (ORC) 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 $38.5M, roughly 1.9× Orchid Island Capital, Inc.). Orchid Island Capital, Inc. runs the higher net margin — 268.7% vs -119.8%, a 388.5% gap on every dollar of revenue. Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% CAGR vs -64.0%).

Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.

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

ORC vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.9× larger
TSAT
$73.8M
$38.5M
ORC
Higher net margin
ORC
ORC
388.5% more per $
ORC
268.7%
-119.8%
TSAT
Faster 2-yr revenue CAGR
ORC
ORC
Annualised
ORC
301.6%
-64.0%
TSAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ORC
ORC
TSAT
TSAT
Revenue
$38.5M
$73.8M
Net Profit
$103.4M
$-88.4M
Gross Margin
95.3%
Operating Margin
5.9%
Net Margin
268.7%
-119.8%
Revenue YoY
372.6%
Net Profit YoY
1764.9%
EPS (diluted)

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
ORC
ORC
TSAT
TSAT
Q4 25
$38.5M
Q3 25
$26.9M
$73.8M
Q2 25
$23.2M
$77.5M
Q1 25
$19.7M
$152.2M
Q3 24
$340.0K
Q2 24
$-697.0K
$363.2M
Q1 24
$-2.5M
Q3 23
$552.5M
Net Profit
ORC
ORC
TSAT
TSAT
Q4 25
$103.4M
Q3 25
$72.1M
$-88.4M
Q2 25
$-33.6M
$55.1M
Q1 25
$17.1M
$-52.3M
Q3 24
$17.3M
Q2 24
$-5.0M
$547.4M
Q1 24
$19.8M
Q3 23
$-172.5M
Gross Margin
ORC
ORC
TSAT
TSAT
Q4 25
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Operating Margin
ORC
ORC
TSAT
TSAT
Q4 25
Q3 25
5.9%
Q2 25
16.8%
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
Net Margin
ORC
ORC
TSAT
TSAT
Q4 25
268.7%
Q3 25
267.8%
-119.8%
Q2 25
-145.0%
71.2%
Q1 25
86.9%
-34.4%
Q3 24
5094.1%
Q2 24
714.3%
150.7%
Q1 24
-794.2%
Q3 23
-31.2%

Balance Sheet & Financial Strength

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

Metric
ORC
ORC
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$665.9M
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$1.6B
Total Assets
$11.7B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORC
ORC
TSAT
TSAT
Q4 25
$665.9M
Q3 25
$583.9M
$352.3M
Q2 25
$440.8M
$399.6M
Q1 25
$396.4M
$552.1M
Q3 24
$322.1M
Q2 24
$241.0M
$1.7B
Q1 24
$190.4M
Q3 23
$1.7B
Stockholders' Equity
ORC
ORC
TSAT
TSAT
Q4 25
$1.4B
Q3 25
$1.1B
$1.6B
Q2 25
$912.0M
$1.7B
Q1 25
$855.9M
$2.5B
Q3 24
$656.0M
Q2 24
$555.9M
$2.4B
Q1 24
$481.6M
Q3 23
$1.8B
Total Assets
ORC
ORC
TSAT
TSAT
Q4 25
$11.7B
Q3 25
$9.1B
$5.1B
Q2 25
$7.6B
$4.9B
Q1 25
$7.3B
$6.9B
Q3 24
$5.9B
Q2 24
$4.9B
$6.3B
Q1 24
$4.2B
Q3 23
$6.5B

Cash Flow & Capital Efficiency

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

Metric
ORC
ORC
TSAT
TSAT
Operating Cash FlowLast quarter
$120.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORC
ORC
TSAT
TSAT
Q4 25
$120.4M
Q3 25
$28.0M
Q2 25
$18.4M
Q1 25
$25.8M
Q3 24
$-14.8M
Q2 24
$19.3M
Q1 24
$45.0M
Q3 23
Cash Conversion
ORC
ORC
TSAT
TSAT
Q4 25
1.16×
Q3 25
0.39×
Q2 25
Q1 25
1.51×
Q3 24
-0.86×
Q2 24
Q1 24
2.28×
Q3 23

Financial Flow Comparison

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

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