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

SNDL Inc. is the larger business by last-quarter revenue ($77.5M vs $73.8M, roughly 1.1× Telesat Corp).

SNDL Inc. is a Canada-based consumer goods company focused primarily on the cannabis sector, offering a range of recreational and medical cannabis products, alongside craft beer, wine and spirit offerings. It operates across cultivation, product development, distribution and retail segments, serving both wholesale and retail customers mainly in the North American market.

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

SNDL vs TSAT — Head-to-Head

Bigger by revenue
SNDL
SNDL
1.1× larger
SNDL
$77.5M
$73.8M
TSAT

Income Statement — Q1 FY2025 vs Q3 FY2025

Metric
SNDL
SNDL
TSAT
TSAT
Revenue
$77.5M
$73.8M
Net Profit
$-88.4M
Gross Margin
25.3%
95.3%
Operating Margin
6.7%
5.9%
Net Margin
-119.8%
Revenue YoY
Net Profit YoY
EPS (diluted)

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
SNDL
SNDL
TSAT
TSAT
Q3 25
$73.8M
Q2 25
$77.5M
Q1 25
$77.5M
$152.2M
Q2 24
$363.2M
Q1 24
$116.1M
Q3 23
$552.5M
Q2 23
$372.4M
Q1 23
$115.9M
$185.8M
Net Profit
SNDL
SNDL
TSAT
TSAT
Q3 25
$-88.4M
Q2 25
$55.1M
Q1 25
$-52.3M
Q2 24
$547.4M
Q1 24
Q3 23
$-172.5M
Q2 23
$56.3M
Q1 23
$60.6M
Gross Margin
SNDL
SNDL
TSAT
TSAT
Q3 25
95.3%
Q2 25
95.9%
Q1 25
25.3%
Q2 24
Q1 24
24.8%
Q3 23
Q2 23
Q1 23
Operating Margin
SNDL
SNDL
TSAT
TSAT
Q3 25
5.9%
Q2 25
16.8%
Q1 25
6.7%
Q2 24
Q1 24
1.9%
Q3 23
Q2 23
Q1 23
Net Margin
SNDL
SNDL
TSAT
TSAT
Q3 25
-119.8%
Q2 25
71.2%
Q1 25
-34.4%
Q2 24
150.7%
Q1 24
Q3 23
-31.2%
Q2 23
15.1%
Q1 23
32.6%

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SNDL
SNDL
TSAT
TSAT
Q3 25
$352.3M
Q2 25
$399.6M
Q1 25
$552.1M
Q2 24
$1.7B
Q1 24
Q3 23
$1.7B
Q2 23
$1.7B
Q1 23
$1.7B
Stockholders' Equity
SNDL
SNDL
TSAT
TSAT
Q3 25
$1.6B
Q2 25
$1.7B
Q1 25
$2.5B
Q2 24
$2.4B
Q1 24
Q3 23
$1.8B
Q2 23
$1.8B
Q1 23
$1.8B
Total Assets
SNDL
SNDL
TSAT
TSAT
Q3 25
$5.1B
Q2 25
$4.9B
Q1 25
$6.9B
Q2 24
$6.3B
Q1 24
Q3 23
$6.5B
Q2 23
$6.5B
Q1 23
$6.5B

Financial Flow Comparison

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

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