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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) 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 $49.0M, roughly 1.5× Quipt Home Medical Corp.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -119.8%, a 117.7% gap on every dollar of revenue.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

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

QIPT vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.5× larger
TSAT
$73.8M
$49.0M
QIPT
Higher net margin
QIPT
QIPT
117.7% more per $
QIPT
-2.1%
-119.8%
TSAT

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
QIPT
QIPT
TSAT
TSAT
Revenue
$49.0M
$73.8M
Net Profit
$-1.1M
$-88.4M
Gross Margin
53.5%
95.3%
Operating Margin
2.1%
5.9%
Net Margin
-2.1%
-119.8%
Revenue YoY
32.3%
Net Profit YoY
2.9%
EPS (diluted)
$-0.02

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
QIPT
QIPT
TSAT
TSAT
Q4 25
$49.0M
Q3 25
$39.8M
$73.8M
Q2 25
$35.1M
$77.5M
Q1 25
$33.3M
$152.2M
Q4 24
$37.1M
Q2 24
$363.2M
Q3 23
$552.5M
Q2 23
$372.4M
Net Profit
QIPT
QIPT
TSAT
TSAT
Q4 25
$-1.1M
Q3 25
$-3.5M
$-88.4M
Q2 25
$-3.0M
$55.1M
Q1 25
$-3.0M
$-52.3M
Q4 24
$-1.1M
Q2 24
$547.4M
Q3 23
$-172.5M
Q2 23
$56.3M
Gross Margin
QIPT
QIPT
TSAT
TSAT
Q4 25
53.5%
Q3 25
48.7%
95.3%
Q2 25
57.6%
95.9%
Q1 25
54.6%
Q4 24
52.1%
Q2 24
Q3 23
Q2 23
Operating Margin
QIPT
QIPT
TSAT
TSAT
Q4 25
2.1%
Q3 25
-3.6%
5.9%
Q2 25
-5.2%
16.8%
Q1 25
-3.0%
Q4 24
1.2%
Q2 24
Q3 23
Q2 23
Net Margin
QIPT
QIPT
TSAT
TSAT
Q4 25
-2.1%
Q3 25
-8.9%
-119.8%
Q2 25
-8.6%
71.2%
Q1 25
-9.1%
-34.4%
Q4 24
-2.9%
Q2 24
150.7%
Q3 23
-31.2%
Q2 23
15.1%
EPS (diluted)
QIPT
QIPT
TSAT
TSAT
Q4 25
$-0.02
Q3 25
$-0.07
Q2 25
$-0.07
Q1 25
$-0.07
Q4 24
$-0.03
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
QIPT
QIPT
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$10.5M
$352.3M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$113.0M
$1.6B
Total Assets
$280.7M
$5.1B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QIPT
QIPT
TSAT
TSAT
Q4 25
$10.5M
Q3 25
$12.9M
$352.3M
Q2 25
$11.3M
$399.6M
Q1 25
$17.1M
$552.1M
Q4 24
$15.5M
Q2 24
$1.7B
Q3 23
$1.7B
Q2 23
$1.7B
Total Debt
QIPT
QIPT
TSAT
TSAT
Q4 25
$84.0M
Q3 25
$87.6M
Q2 25
$66.0M
Q1 25
$71.5M
Q4 24
$70.6M
Q2 24
Q3 23
Q2 23
Stockholders' Equity
QIPT
QIPT
TSAT
TSAT
Q4 25
$113.0M
Q3 25
$112.1M
$1.6B
Q2 25
$102.5M
$1.7B
Q1 25
$103.6M
$2.5B
Q4 24
$106.3M
Q2 24
$2.4B
Q3 23
$1.8B
Q2 23
$1.8B
Total Assets
QIPT
QIPT
TSAT
TSAT
Q4 25
$280.7M
Q3 25
$283.3M
$5.1B
Q2 25
$236.1M
$4.9B
Q1 25
$244.6M
$6.9B
Q4 24
$242.8M
Q2 24
$6.3B
Q3 23
$6.5B
Q2 23
$6.5B
Debt / Equity
QIPT
QIPT
TSAT
TSAT
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
0.66×
Q2 24
Q3 23
Q2 23

Cash Flow & Capital Efficiency

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

Metric
QIPT
QIPT
TSAT
TSAT
Operating Cash FlowLast quarter
$8.9M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QIPT
QIPT
TSAT
TSAT
Q4 25
$8.9M
Q3 25
$9.8M
Q2 25
$9.7M
Q1 25
$8.9M
Q4 24
$9.3M
Q2 24
Q3 23
Q2 23
Free Cash Flow
QIPT
QIPT
TSAT
TSAT
Q4 25
$6.9M
Q3 25
$8.0M
Q2 25
$4.4M
Q1 25
$7.3M
Q4 24
$5.6M
Q2 24
Q3 23
Q2 23
FCF Margin
QIPT
QIPT
TSAT
TSAT
Q4 25
14.0%
Q3 25
20.0%
Q2 25
12.6%
Q1 25
22.0%
Q4 24
15.2%
Q2 24
Q3 23
Q2 23
Capex Intensity
QIPT
QIPT
TSAT
TSAT
Q4 25
4.2%
Q3 25
4.6%
Q2 25
14.9%
Q1 25
4.8%
Q4 24
9.9%
Q2 24
Q3 23
Q2 23

Financial Flow Comparison

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

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