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Side-by-side financial comparison of SEALED AIR CORP (SEE) and VIASAT INC (VSAT). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× VIASAT INC). SEALED AIR CORP runs the higher net margin — 3.1% vs 2.2%, a 1.0% gap on every dollar of revenue. On growth, VIASAT INC posted the faster year-over-year revenue change (3.0% vs 2.6%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs 0.3%).
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
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.
SEE vs VSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $43.8M | $25.0M |
| Gross Margin | 28.6% | — |
| Operating Margin | 11.4% | 2.3% |
| Net Margin | 3.1% | 2.2% |
| Revenue YoY | 2.6% | 3.0% |
| Net Profit YoY | 700.0% | 115.8% |
| EPS (diluted) | $0.30 | $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 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.2B |
| Q4 25 | $43.8M | $25.0M | ||
| Q3 25 | $255.1M | $-61.4M | ||
| Q2 25 | $93.1M | $-56.4M | ||
| Q1 25 | $113.5M | $-246.1M | ||
| Q4 24 | $-7.3M | $-158.4M | ||
| Q3 24 | $91.7M | $-137.6M | ||
| Q2 24 | $98.3M | $-32.9M | ||
| Q1 24 | $82.0M | $-100.3M |
| Q4 25 | 28.6% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 30.7% | — | ||
| Q1 25 | 30.9% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 30.1% | — | ||
| Q2 24 | 31.2% | — | ||
| Q1 24 | 30.3% | — |
| Q4 25 | 11.4% | 2.3% | ||
| Q3 25 | 13.8% | 3.1% | ||
| Q2 25 | 15.0% | 4.0% | ||
| Q1 25 | 14.5% | -13.4% | ||
| Q4 24 | 11.7% | 1.9% | ||
| Q3 24 | 13.9% | -2.2% | ||
| Q2 24 | 15.4% | 5.3% | ||
| Q1 24 | 14.0% | 0.0% |
| Q4 25 | 3.1% | 2.2% | ||
| Q3 25 | 19.0% | -5.4% | ||
| Q2 25 | 7.0% | -4.8% | ||
| Q1 25 | 9.0% | -21.5% | ||
| Q4 24 | -0.5% | -14.1% | ||
| Q3 24 | 6.9% | -12.3% | ||
| Q2 24 | 7.4% | -2.9% | ||
| Q1 24 | 6.2% | -8.7% |
| Q4 25 | $0.30 | $0.18 | ||
| Q3 25 | $1.73 | $-0.45 | ||
| Q2 25 | $0.63 | $-0.43 | ||
| Q1 25 | $0.77 | $-1.92 | ||
| Q4 24 | $-0.05 | $-1.23 | ||
| Q3 24 | $0.63 | $-1.07 | ||
| Q2 24 | $0.67 | $-0.26 | ||
| Q1 24 | $0.56 | $-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 | $344.0M | $1.3B |
| Total DebtLower is stronger | $3.3B | $6.2B |
| Stockholders' EquityBook value | $1.2B | $4.6B |
| Total Assets | $7.0B | $14.9B |
| Debt / EquityLower = less leverage | 2.65× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $344.0M | $1.3B | ||
| Q3 25 | $282.5M | $1.2B | ||
| Q2 25 | $354.4M | $1.2B | ||
| Q1 25 | $335.2M | $1.6B | ||
| Q4 24 | $371.8M | $1.6B | ||
| Q3 24 | $386.0M | $3.5B | ||
| Q2 24 | $388.6M | $1.8B | ||
| Q1 24 | $352.8M | $1.9B |
| Q4 25 | $3.3B | $6.2B | ||
| Q3 25 | $4.0B | $6.5B | ||
| Q2 25 | $4.0B | $6.5B | ||
| Q1 25 | $4.2B | $6.5B | ||
| Q4 24 | $4.2B | $6.5B | ||
| Q3 24 | $4.3B | $6.4B | ||
| Q2 24 | $4.4B | $7.1B | ||
| Q1 24 | $4.5B | $7.1B |
| Q4 25 | $1.2B | $4.6B | ||
| Q3 25 | $1.2B | $4.5B | ||
| Q2 25 | $953.1M | $4.6B | ||
| Q1 25 | $797.9M | $4.6B | ||
| Q4 24 | $624.5M | $4.8B | ||
| Q3 24 | $771.2M | $4.9B | ||
| Q2 24 | $650.1M | $5.0B | ||
| Q1 24 | $598.3M | $5.0B |
| Q4 25 | $7.0B | $14.9B | ||
| Q3 25 | $7.1B | $14.8B | ||
| Q2 25 | $7.2B | $14.9B | ||
| Q1 25 | $7.0B | $15.4B | ||
| Q4 24 | $7.0B | $15.6B | ||
| Q3 24 | $7.3B | $17.8B | ||
| Q2 24 | $7.3B | $16.1B | ||
| Q1 24 | $7.2B | $16.3B |
| Q4 25 | 2.65× | 1.37× | ||
| Q3 25 | 3.34× | 1.44× | ||
| Q2 25 | 4.18× | 1.43× | ||
| Q1 25 | 5.26× | 1.43× | ||
| Q4 24 | 6.72× | 1.37× | ||
| Q3 24 | 5.62× | 1.30× | ||
| Q2 24 | 6.81× | 1.42× | ||
| Q1 24 | 7.49× | 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 | $293.6M | $726.9M |
| Free Cash FlowOCF − Capex | $257.7M | — |
| FCF MarginFCF / Revenue | 18.5% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 6.70× | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | $458.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $293.6M | $726.9M | ||
| Q3 25 | $165.9M | $282.2M | ||
| Q2 25 | $136.6M | $258.5M | ||
| Q1 25 | $31.9M | $298.4M | ||
| Q4 24 | $244.2M | $219.5M | ||
| Q3 24 | $170.5M | $239.2M | ||
| Q2 24 | $188.2M | $151.1M | ||
| Q1 24 | $125.1M | $232.0M |
| Q4 25 | $257.7M | — | ||
| Q3 25 | $119.6M | — | ||
| Q2 25 | $93.2M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $185.1M | — | ||
| Q3 24 | $115.2M | — | ||
| Q2 24 | $129.5M | — | ||
| Q1 24 | $78.0M | — |
| Q4 25 | 18.5% | — | ||
| Q3 25 | 8.9% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 8.6% | — | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 5.9% | — |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | 3.6% | — |
| Q4 25 | 6.70× | 29.11× | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 1.53× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
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% |
