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Side-by-side financial comparison of Quest Resource Holding Corp (QRHC) 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 $58.9M, roughly 1.3× Quest Resource Holding Corp). Quest Resource Holding Corp runs the higher net margin — -2.8% vs -119.8%, a 117.0% gap on every dollar of revenue. Over the past eight quarters, Quest Resource Holding Corp's revenue compounded faster (-10.0% CAGR vs -64.0%).

Quest Resource Holding Corp provides end-to-end waste management, recycling, and sustainability solutions to commercial, industrial, and retail clients across North America. It helps businesses cut waste volumes, reduce operational costs, and fulfill corporate environmental targets via customized waste diversion and circular economy initiatives.

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

QRHC vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.3× larger
TSAT
$73.8M
$58.9M
QRHC
Higher net margin
QRHC
QRHC
117.0% more per $
QRHC
-2.8%
-119.8%
TSAT
Faster 2-yr revenue CAGR
QRHC
QRHC
Annualised
QRHC
-10.0%
-64.0%
TSAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
QRHC
QRHC
TSAT
TSAT
Revenue
$58.9M
$73.8M
Net Profit
$-1.7M
$-88.4M
Gross Margin
15.5%
95.3%
Operating Margin
0.9%
5.9%
Net Margin
-2.8%
-119.8%
Revenue YoY
-15.8%
Net Profit YoY
82.6%
EPS (diluted)
$-0.08

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
QRHC
QRHC
TSAT
TSAT
Q4 25
$58.9M
Q3 25
$63.3M
$73.8M
Q2 25
$59.5M
$77.5M
Q1 25
$68.4M
$152.2M
Q4 24
$70.0M
Q3 24
$72.8M
Q2 24
$73.1M
$363.2M
Q1 24
$72.7M
Net Profit
QRHC
QRHC
TSAT
TSAT
Q4 25
$-1.7M
Q3 25
$-1.3M
$-88.4M
Q2 25
$-2.0M
$55.1M
Q1 25
$-10.4M
$-52.3M
Q4 24
$-9.5M
Q3 24
$-3.4M
Q2 24
$-1.5M
$547.4M
Q1 24
$-655.0K
Gross Margin
QRHC
QRHC
TSAT
TSAT
Q4 25
15.5%
Q3 25
18.1%
95.3%
Q2 25
18.5%
95.9%
Q1 25
16.0%
Q4 24
15.3%
Q3 24
16.1%
Q2 24
18.5%
Q1 24
19.3%
Operating Margin
QRHC
QRHC
TSAT
TSAT
Q4 25
0.9%
Q3 25
1.7%
5.9%
Q2 25
0.6%
16.8%
Q1 25
-11.9%
Q4 24
-10.3%
Q3 24
-1.3%
Q2 24
2.4%
Q1 24
2.6%
Net Margin
QRHC
QRHC
TSAT
TSAT
Q4 25
-2.8%
Q3 25
-2.1%
-119.8%
Q2 25
-3.3%
71.2%
Q1 25
-15.2%
-34.4%
Q4 24
-13.6%
Q3 24
-4.7%
Q2 24
-2.1%
150.7%
Q1 24
-0.9%
EPS (diluted)
QRHC
QRHC
TSAT
TSAT
Q4 25
$-0.08
Q3 25
$-0.06
Q2 25
$-0.09
Q1 25
$-0.50
Q4 24
$-0.47
Q3 24
$-0.16
Q2 24
$-0.07
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
QRHC
QRHC
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$1.0M
$352.3M
Total DebtLower is stronger
$64.0M
Stockholders' EquityBook value
$40.5M
$1.6B
Total Assets
$145.6M
$5.1B
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QRHC
QRHC
TSAT
TSAT
Q4 25
$1.0M
Q3 25
$1.1M
$352.3M
Q2 25
$449.0K
$399.6M
Q1 25
$1.4M
$552.1M
Q4 24
$396.0K
Q3 24
$1.1M
Q2 24
$957.5K
$1.7B
Q1 24
$581.1K
Total Debt
QRHC
QRHC
TSAT
TSAT
Q4 25
$64.0M
Q3 25
$65.4M
Q2 25
$69.7M
Q1 25
$74.1M
Q4 24
$76.3M
Q3 24
$71.9M
Q2 24
$70.7M
Q1 24
$68.5M
Stockholders' Equity
QRHC
QRHC
TSAT
TSAT
Q4 25
$40.5M
Q3 25
$42.0M
$1.6B
Q2 25
$42.9M
$1.7B
Q1 25
$44.4M
$2.5B
Q4 24
$54.2M
Q3 24
$62.8M
Q2 24
$65.6M
$2.4B
Q1 24
$66.3M
Total Assets
QRHC
QRHC
TSAT
TSAT
Q4 25
$145.6M
Q3 25
$149.3M
$5.1B
Q2 25
$153.1M
$4.9B
Q1 25
$165.7M
$6.9B
Q4 24
$175.6M
Q3 24
$178.2M
Q2 24
$181.8M
$6.3B
Q1 24
$179.0M
Debt / Equity
QRHC
QRHC
TSAT
TSAT
Q4 25
1.58×
Q3 25
1.56×
Q2 25
1.62×
Q1 25
1.67×
Q4 24
1.41×
Q3 24
1.15×
Q2 24
1.08×
Q1 24
1.03×

Cash Flow & Capital Efficiency

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

Metric
QRHC
QRHC
TSAT
TSAT
Operating Cash FlowLast quarter
$1.1M
Free Cash FlowOCF − Capex
$1.0M
FCF MarginFCF / Revenue
1.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QRHC
QRHC
TSAT
TSAT
Q4 25
$1.1M
Q3 25
$5.7M
Q2 25
$3.9M
Q1 25
$-1.1M
Q4 24
$-4.8M
Q3 24
$-475.0K
Q2 24
$808.0K
Q1 24
$-1.7M
Free Cash Flow
QRHC
QRHC
TSAT
TSAT
Q4 25
$1.0M
Q3 25
$5.6M
Q2 25
$3.9M
Q1 25
$-1.2M
Q4 24
$-5.2M
Q3 24
$-583.0K
Q2 24
$-1.4M
Q1 24
$-3.6M
FCF Margin
QRHC
QRHC
TSAT
TSAT
Q4 25
1.7%
Q3 25
8.9%
Q2 25
6.5%
Q1 25
-1.8%
Q4 24
-7.4%
Q3 24
-0.8%
Q2 24
-2.0%
Q1 24
-4.9%
Capex Intensity
QRHC
QRHC
TSAT
TSAT
Q4 25
0.1%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.2%
Q4 24
0.6%
Q3 24
0.1%
Q2 24
3.1%
Q1 24
2.6%

Financial Flow Comparison

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

Revenue Breakdown by Segment

QRHC
QRHC

Services$55.8M95%
Product Sales And Other$3.1M5%

TSAT
TSAT

Segment breakdown not available.

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