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Side-by-side financial comparison of PACS Group, Inc. (PACS) and VIASAT INC (VSAT). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× VIASAT INC). PACS Group, Inc. runs the higher net margin — 4.4% vs 2.2%, a 2.2% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 3.0%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
PACS vs VSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $59.7M | $25.0M |
| Gross Margin | — | — |
| Operating Margin | 7.0% | 2.3% |
| Net Margin | 4.4% | 2.2% |
| Revenue YoY | 18.4% | 3.0% |
| Net Profit YoY | 3022.5% | 115.8% |
| EPS (diluted) | $0.42 | $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 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $981.4M | $1.1B | ||
| Q1 24 | $934.3M | $1.2B |
| Q4 25 | $59.7M | $25.0M | ||
| Q3 25 | $52.4M | $-61.4M | ||
| Q2 25 | $51.0M | $-56.4M | ||
| Q1 25 | $28.5M | $-246.1M | ||
| Q4 24 | $1.9M | $-158.4M | ||
| Q3 24 | $15.6M | $-137.6M | ||
| Q2 24 | $-10.9M | $-32.9M | ||
| Q1 24 | $49.1M | $-100.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.1% | — | ||
| Q2 24 | 22.3% | — | ||
| Q1 24 | 21.2% | — |
| Q4 25 | 7.0% | 2.3% | ||
| Q3 25 | 6.4% | 3.1% | ||
| Q2 25 | 6.2% | 4.0% | ||
| Q1 25 | 3.8% | -13.4% | ||
| Q4 24 | 1.7% | 1.9% | ||
| Q3 24 | 2.2% | -2.2% | ||
| Q2 24 | 0.1% | 5.3% | ||
| Q1 24 | 8.6% | 0.0% |
| Q4 25 | 4.4% | 2.2% | ||
| Q3 25 | 3.9% | -5.4% | ||
| Q2 25 | 3.9% | -4.8% | ||
| Q1 25 | 2.2% | -21.5% | ||
| Q4 24 | 0.2% | -14.1% | ||
| Q3 24 | 1.5% | -12.3% | ||
| Q2 24 | -1.1% | -2.9% | ||
| Q1 24 | 5.3% | -8.7% |
| Q4 25 | $0.42 | $0.18 | ||
| Q3 25 | $0.32 | $-0.45 | ||
| Q2 25 | $0.31 | $-0.43 | ||
| Q1 25 | $0.17 | $-1.92 | ||
| Q4 24 | $-0.03 | $-1.23 | ||
| Q3 24 | $0.10 | $-1.07 | ||
| Q2 24 | $-0.07 | $-0.26 | ||
| Q1 24 | $0.38 | $-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 | $197.0M | $1.3B |
| Total DebtLower is stronger | $353.2M | $6.2B |
| Stockholders' EquityBook value | $946.8M | $4.6B |
| Total Assets | $5.6B | $14.9B |
| Debt / EquityLower = less leverage | 0.37× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $197.0M | $1.3B | ||
| Q3 25 | $355.7M | $1.2B | ||
| Q2 25 | $294.2M | $1.2B | ||
| Q1 25 | $287.5M | $1.6B | ||
| Q4 24 | $157.7M | $1.6B | ||
| Q3 24 | $49.5M | $3.5B | ||
| Q2 24 | $73.4M | $1.8B | ||
| Q1 24 | $81.2M | $1.9B |
| Q4 25 | $353.2M | $6.2B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $6.5B | ||
| Q1 25 | — | $6.5B | ||
| Q4 24 | $411.9M | $6.5B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $7.1B | ||
| Q1 24 | — | $7.1B |
| Q4 25 | $946.8M | $4.6B | ||
| Q3 25 | $871.3M | $4.5B | ||
| Q2 25 | $806.8M | $4.6B | ||
| Q1 25 | $750.2M | $4.6B | ||
| Q4 24 | $709.6M | $4.8B | ||
| Q3 24 | $660.0M | $4.9B | ||
| Q2 24 | $572.1M | $5.0B | ||
| Q1 24 | $128.0M | $5.0B |
| Q4 25 | $5.6B | $14.9B | ||
| Q3 25 | $5.6B | $14.8B | ||
| Q2 25 | $5.5B | $14.9B | ||
| Q1 25 | $5.5B | $15.4B | ||
| Q4 24 | $5.2B | $15.6B | ||
| Q3 24 | $4.5B | $17.8B | ||
| Q2 24 | $3.9B | $16.1B | ||
| Q1 24 | $3.9B | $16.3B |
| Q4 25 | 0.37× | 1.37× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 1.43× | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | 0.58× | 1.37× | ||
| Q3 24 | — | 1.30× | ||
| Q2 24 | — | 1.42× | ||
| Q1 24 | — | 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 | $-3.4M | $726.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -0.06× | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.4M | $726.9M | ||
| Q3 25 | $204.8M | $282.2M | ||
| Q2 25 | $52.6M | $258.5M | ||
| Q1 25 | $150.2M | $298.4M | ||
| Q4 24 | $64.6M | $219.5M | ||
| Q3 24 | $209.2M | $239.2M | ||
| Q2 24 | $34.8M | $151.1M | ||
| Q1 24 | $58.8M | $232.0M |
| Q4 25 | -0.06× | 29.11× | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 5.28× | — | ||
| Q4 24 | 33.78× | — | ||
| Q3 24 | 13.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.20× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PACS
Segment breakdown not available.
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% |
