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

TWIN DISC INC is the larger business by last-quarter revenue ($90.2M vs $73.8M, roughly 1.2× Telesat Corp). TWIN DISC INC runs the higher net margin — 24.8% vs -119.8%, a 144.6% gap on every dollar of revenue. Over the past eight quarters, TWIN DISC INC's revenue compounded faster (10.3% CAGR vs -64.0%).

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

Twin Disc, Inc. designs, manufactures, and distributes power transmission equipment for a wide range of applications, including marine, off-road vehicle, and industrial. The company was founded in 1918 to manufacture clutches for farm tractors. It is now a worldwide company with subsidiaries or sales offices in Asia, Europe, North America, Oceania, and South America.

TSAT vs TWIN — Head-to-Head

Bigger by revenue
TWIN
TWIN
1.2× larger
TWIN
$90.2M
$73.8M
TSAT
Higher net margin
TWIN
TWIN
144.6% more per $
TWIN
24.8%
-119.8%
TSAT
Faster 2-yr revenue CAGR
TWIN
TWIN
Annualised
TWIN
10.3%
-64.0%
TSAT

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
TSAT
TSAT
TWIN
TWIN
Revenue
$73.8M
$90.2M
Net Profit
$-88.4M
$22.4M
Gross Margin
95.3%
24.8%
Operating Margin
5.9%
2.3%
Net Margin
-119.8%
24.8%
Revenue YoY
0.3%
Net Profit YoY
2334.3%
EPS (diluted)
$1.55

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
TSAT
TSAT
TWIN
TWIN
Q4 25
$90.2M
Q3 25
$73.8M
$80.0M
Q2 25
$77.5M
$96.7M
Q1 25
$152.2M
$81.2M
Q4 24
$89.9M
Q3 24
$72.9M
Q2 24
$363.2M
$84.4M
Q1 24
$74.2M
Net Profit
TSAT
TSAT
TWIN
TWIN
Q4 25
$22.4M
Q3 25
$-88.4M
$-518.0K
Q2 25
$55.1M
$1.4M
Q1 25
$-52.3M
$-1.5M
Q4 24
$919.0K
Q3 24
$-2.8M
Q2 24
$547.4M
$7.4M
Q1 24
$3.8M
Gross Margin
TSAT
TSAT
TWIN
TWIN
Q4 25
24.8%
Q3 25
95.3%
28.7%
Q2 25
95.9%
31.0%
Q1 25
26.7%
Q4 24
24.1%
Q3 24
26.5%
Q2 24
29.7%
Q1 24
28.2%
Operating Margin
TSAT
TSAT
TWIN
TWIN
Q4 25
2.3%
Q3 25
5.9%
2.8%
Q2 25
16.8%
5.5%
Q1 25
2.4%
Q4 24
3.1%
Q3 24
-0.2%
Q2 24
5.6%
Q1 24
4.9%
Net Margin
TSAT
TSAT
TWIN
TWIN
Q4 25
24.8%
Q3 25
-119.8%
-0.6%
Q2 25
71.2%
1.5%
Q1 25
-34.4%
-1.8%
Q4 24
1.0%
Q3 24
-3.8%
Q2 24
150.7%
8.8%
Q1 24
5.2%
EPS (diluted)
TSAT
TSAT
TWIN
TWIN
Q4 25
$1.55
Q3 25
$-0.04
Q2 25
$0.10
Q1 25
$-0.11
Q4 24
$0.07
Q3 24
$-0.20
Q2 24
$0.54
Q1 24
$0.27

Balance Sheet & Financial Strength

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

Metric
TSAT
TSAT
TWIN
TWIN
Cash + ST InvestmentsLiquidity on hand
$352.3M
Total DebtLower is stronger
$44.5M
Stockholders' EquityBook value
$1.6B
$184.5M
Total Assets
$5.1B
$384.0M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSAT
TSAT
TWIN
TWIN
Q4 25
Q3 25
$352.3M
Q2 25
$399.6M
Q1 25
$552.1M
Q4 24
Q3 24
Q2 24
$1.7B
Q1 24
Total Debt
TSAT
TSAT
TWIN
TWIN
Q4 25
$44.5M
Q3 25
$43.7M
Q2 25
$31.4M
Q1 25
$40.8M
Q4 24
$24.9M
Q3 24
$29.8M
Q2 24
$25.8M
Q1 24
$17.0M
Stockholders' Equity
TSAT
TSAT
TWIN
TWIN
Q4 25
$184.5M
Q3 25
$1.6B
$160.3M
Q2 25
$1.7B
$164.0M
Q1 25
$2.5B
$149.5M
Q4 24
$147.0M
Q3 24
$157.5M
Q2 24
$2.4B
$154.7M
Q1 24
$146.3M
Total Assets
TSAT
TSAT
TWIN
TWIN
Q4 25
$384.0M
Q3 25
$5.1B
$363.5M
Q2 25
$4.9B
$355.6M
Q1 25
$6.9B
$332.9M
Q4 24
$307.4M
Q3 24
$323.5M
Q2 24
$6.3B
$312.1M
Q1 24
$288.8M
Debt / Equity
TSAT
TSAT
TWIN
TWIN
Q4 25
0.24×
Q3 25
0.27×
Q2 25
0.19×
Q1 25
0.27×
Q4 24
0.17×
Q3 24
0.19×
Q2 24
0.17×
Q1 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
TSAT
TSAT
TWIN
TWIN
Operating Cash FlowLast quarter
$4.6M
Free Cash FlowOCF − Capex
$1.2M
FCF MarginFCF / Revenue
1.4%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-70.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSAT
TSAT
TWIN
TWIN
Q4 25
$4.6M
Q3 25
$-7.5M
Q2 25
$16.4M
Q1 25
$3.2M
Q4 24
$8.7M
Q3 24
$-4.3M
Q2 24
$11.4M
Q1 24
$6.2M
Free Cash Flow
TSAT
TSAT
TWIN
TWIN
Q4 25
$1.2M
Q3 25
$-11.0M
Q2 25
$8.7M
Q1 25
$906.0K
Q4 24
$5.9M
Q3 24
$-6.7M
Q2 24
$10.3M
Q1 24
$4.0M
FCF Margin
TSAT
TSAT
TWIN
TWIN
Q4 25
1.4%
Q3 25
-13.7%
Q2 25
9.0%
Q1 25
1.1%
Q4 24
6.5%
Q3 24
-9.2%
Q2 24
12.2%
Q1 24
5.5%
Capex Intensity
TSAT
TSAT
TWIN
TWIN
Q4 25
3.7%
Q3 25
4.3%
Q2 25
8.0%
Q1 25
2.8%
Q4 24
3.1%
Q3 24
3.2%
Q2 24
1.3%
Q1 24
2.9%
Cash Conversion
TSAT
TSAT
TWIN
TWIN
Q4 25
0.20×
Q3 25
Q2 25
11.55×
Q1 25
Q4 24
9.42×
Q3 24
Q2 24
1.54×
Q1 24
1.63×

Financial Flow Comparison

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

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