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

PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $73.8M, roughly 1.9× Telesat Corp). PAMT CORP runs the higher net margin — -20.7% vs -119.8%, a 99.1% gap on every dollar of revenue. Over the past eight quarters, PAMT CORP's revenue compounded faster (-12.0% CAGR vs -64.0%).

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

PAMT vs TSAT — Head-to-Head

Bigger by revenue
PAMT
PAMT
1.9× larger
PAMT
$141.3M
$73.8M
TSAT
Higher net margin
PAMT
PAMT
99.1% more per $
PAMT
-20.7%
-119.8%
TSAT
Faster 2-yr revenue CAGR
PAMT
PAMT
Annualised
PAMT
-12.0%
-64.0%
TSAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PAMT
PAMT
TSAT
TSAT
Revenue
$141.3M
$73.8M
Net Profit
$-29.3M
$-88.4M
Gross Margin
95.3%
Operating Margin
-27.0%
5.9%
Net Margin
-20.7%
-119.8%
Revenue YoY
-15.1%
Net Profit YoY
7.4%
EPS (diluted)
$-1.38

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
PAMT
PAMT
TSAT
TSAT
Q4 25
$141.3M
Q3 25
$150.3M
$73.8M
Q2 25
$151.1M
$77.5M
Q1 25
$155.3M
$152.2M
Q4 24
$166.5M
Q3 24
$182.6M
Q2 24
$182.9M
$363.2M
Q1 24
$182.6M
Net Profit
PAMT
PAMT
TSAT
TSAT
Q4 25
$-29.3M
Q3 25
$-5.6M
$-88.4M
Q2 25
$-9.6M
$55.1M
Q1 25
$-8.1M
$-52.3M
Q4 24
$-31.6M
Q3 24
$2.4M
Q2 24
$-2.9M
$547.4M
Q1 24
$281.0K
Gross Margin
PAMT
PAMT
TSAT
TSAT
Q4 25
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
PAMT
PAMT
TSAT
TSAT
Q4 25
-27.0%
Q3 25
-3.8%
5.9%
Q2 25
-7.3%
16.8%
Q1 25
-5.9%
Q4 24
-22.6%
Q3 24
1.3%
Q2 24
-0.4%
Q1 24
-0.4%
Net Margin
PAMT
PAMT
TSAT
TSAT
Q4 25
-20.7%
Q3 25
-3.7%
-119.8%
Q2 25
-6.4%
71.2%
Q1 25
-5.2%
-34.4%
Q4 24
-19.0%
Q3 24
1.3%
Q2 24
-1.6%
150.7%
Q1 24
0.2%
EPS (diluted)
PAMT
PAMT
TSAT
TSAT
Q4 25
$-1.38
Q3 25
$-0.27
Q2 25
$-0.46
Q1 25
$-0.37
Q4 24
$-1.44
Q3 24
$0.11
Q2 24
$-0.13
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
PAMT
PAMT
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$83.7M
$352.3M
Total DebtLower is stronger
$333.9M
Stockholders' EquityBook value
$210.5M
$1.6B
Total Assets
$697.9M
$5.1B
Debt / EquityLower = less leverage
1.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAMT
PAMT
TSAT
TSAT
Q4 25
$83.7M
Q3 25
$115.6M
$352.3M
Q2 25
$117.3M
$399.6M
Q1 25
$102.7M
$552.1M
Q4 24
$110.7M
Q3 24
$92.3M
Q2 24
$114.0M
$1.7B
Q1 24
$125.8M
Total Debt
PAMT
PAMT
TSAT
TSAT
Q4 25
$333.9M
Q3 25
Q2 25
Q1 25
Q4 24
$325.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PAMT
PAMT
TSAT
TSAT
Q4 25
$210.5M
Q3 25
$239.5M
$1.6B
Q2 25
$244.9M
$1.7B
Q1 25
$269.6M
$2.5B
Q4 24
$277.5M
Q3 24
$308.9M
Q2 24
$306.7M
$2.4B
Q1 24
$314.6M
Total Assets
PAMT
PAMT
TSAT
TSAT
Q4 25
$697.9M
Q3 25
$715.2M
$5.1B
Q2 25
$707.9M
$4.9B
Q1 25
$712.6M
$6.9B
Q4 24
$741.7M
Q3 24
$756.7M
Q2 24
$733.5M
$6.3B
Q1 24
$746.4M
Debt / Equity
PAMT
PAMT
TSAT
TSAT
Q4 25
1.59×
Q3 25
Q2 25
Q1 25
Q4 24
1.17×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
PAMT
PAMT
TSAT
TSAT
Operating Cash FlowLast quarter
$-5.8M
Free Cash FlowOCF − Capex
$-25.0M
FCF MarginFCF / Revenue
-17.7%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAMT
PAMT
TSAT
TSAT
Q4 25
$-5.8M
Q3 25
$5.9M
Q2 25
$12.2M
Q1 25
$5.0M
Q4 24
$15.2M
Q3 24
$15.5M
Q2 24
$18.7M
Q1 24
$9.6M
Free Cash Flow
PAMT
PAMT
TSAT
TSAT
Q4 25
$-25.0M
Q3 25
$2.5M
Q2 25
$5.9M
Q1 25
$-6.8M
Q4 24
$-39.9M
Q3 24
$-33.6M
Q2 24
$4.1M
Q1 24
$-12.2M
FCF Margin
PAMT
PAMT
TSAT
TSAT
Q4 25
-17.7%
Q3 25
1.7%
Q2 25
3.9%
Q1 25
-4.4%
Q4 24
-24.0%
Q3 24
-18.4%
Q2 24
2.2%
Q1 24
-6.7%
Capex Intensity
PAMT
PAMT
TSAT
TSAT
Q4 25
13.6%
Q3 25
2.3%
Q2 25
4.2%
Q1 25
7.6%
Q4 24
33.1%
Q3 24
26.9%
Q2 24
8.0%
Q1 24
12.0%
Cash Conversion
PAMT
PAMT
TSAT
TSAT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
6.44×
Q2 24
Q1 24
34.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PAMT
PAMT

Freight Transportation Service$123.1M87%
Fuel Surcharge$18.2M13%

TSAT
TSAT

Segment breakdown not available.

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