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Side-by-side financial comparison of RING ENERGY, INC. (REI) 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 $66.9M, roughly 1.1× RING ENERGY, INC.). Over the past eight quarters, RING ENERGY, INC.'s revenue compounded faster (-15.9% CAGR vs -64.0%).

Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.

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

REI vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.1× larger
TSAT
$73.8M
$66.9M
REI
Faster 2-yr revenue CAGR
REI
REI
Annualised
REI
-15.9%
-64.0%
TSAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
REI
REI
TSAT
TSAT
Revenue
$66.9M
$73.8M
Net Profit
$-88.4M
Gross Margin
95.3%
Operating Margin
-37.6%
5.9%
Net Margin
-119.8%
Revenue YoY
-19.8%
Net Profit YoY
EPS (diluted)
$-0.07

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
REI
REI
TSAT
TSAT
Q4 25
$66.9M
Q3 25
$78.6M
$73.8M
Q2 25
$82.6M
$77.5M
Q1 25
$79.1M
$152.2M
Q4 24
$83.4M
Q3 24
$89.2M
Q2 24
$99.1M
$363.2M
Q1 24
$94.5M
Net Profit
REI
REI
TSAT
TSAT
Q4 25
Q3 25
$-51.6M
$-88.4M
Q2 25
$20.6M
$55.1M
Q1 25
$9.1M
$-52.3M
Q4 24
Q3 24
$33.9M
Q2 24
$22.4M
$547.4M
Q1 24
$5.5M
Gross Margin
REI
REI
TSAT
TSAT
Q4 25
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
REI
REI
TSAT
TSAT
Q4 25
-37.6%
Q3 25
-70.0%
5.9%
Q2 25
28.4%
16.8%
Q1 25
28.3%
Q4 24
28.3%
Q3 24
33.4%
Q2 24
42.2%
Q1 24
39.8%
Net Margin
REI
REI
TSAT
TSAT
Q4 25
Q3 25
-65.7%
-119.8%
Q2 25
25.0%
71.2%
Q1 25
11.5%
-34.4%
Q4 24
Q3 24
38.0%
Q2 24
22.6%
150.7%
Q1 24
5.8%
EPS (diluted)
REI
REI
TSAT
TSAT
Q4 25
$-0.07
Q3 25
$-0.25
Q2 25
$0.10
Q1 25
$0.05
Q4 24
$0.03
Q3 24
$0.17
Q2 24
$0.11
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
REI
REI
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$902.9K
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$836.3M
$1.6B
Total Assets
$1.4B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REI
REI
TSAT
TSAT
Q4 25
$902.9K
Q3 25
$286.9K
$352.3M
Q2 25
$399.6M
Q1 25
$1.1M
$552.1M
Q4 24
$1.9M
Q3 24
Q2 24
$1.2M
$1.7B
Q1 24
$1.4M
Stockholders' Equity
REI
REI
TSAT
TSAT
Q4 25
$836.3M
Q3 25
$847.7M
$1.6B
Q2 25
$897.9M
$1.7B
Q1 25
$876.0M
$2.5B
Q4 24
$858.6M
Q3 24
$851.3M
Q2 24
$817.4M
$2.4B
Q1 24
$793.0M
Total Assets
REI
REI
TSAT
TSAT
Q4 25
$1.4B
Q3 25
$1.4B
$5.1B
Q2 25
$1.5B
$4.9B
Q1 25
$1.5B
$6.9B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
$6.3B
Q1 24
$1.4B

Cash Flow & Capital Efficiency

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

Metric
REI
REI
TSAT
TSAT
Operating Cash FlowLast quarter
$44.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REI
REI
TSAT
TSAT
Q4 25
$44.7M
Q3 25
$44.5M
Q2 25
$33.3M
Q1 25
$28.4M
Q4 24
$47.3M
Q3 24
$51.3M
Q2 24
$50.6M
Q1 24
$45.2M
Cash Conversion
REI
REI
TSAT
TSAT
Q4 25
Q3 25
Q2 25
1.61×
Q1 25
3.11×
Q4 24
Q3 24
1.52×
Q2 24
2.26×
Q1 24
8.19×

Financial Flow Comparison

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

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