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

VIEMED HEALTHCARE, INC. is the larger business by last-quarter revenue ($76.2M vs $73.8M, roughly 1.0× Telesat Corp). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs -119.8%, a 127.2% gap on every dollar of revenue. Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

TSAT vs VMD — Head-to-Head

Bigger by revenue
VMD
VMD
1.0× larger
VMD
$76.2M
$73.8M
TSAT
Higher net margin
VMD
VMD
127.2% more per $
VMD
7.4%
-119.8%
TSAT
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
-64.0%
TSAT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
TSAT
TSAT
VMD
VMD
Revenue
$73.8M
$76.2M
Net Profit
$-88.4M
$5.6M
Gross Margin
95.3%
57.9%
Operating Margin
5.9%
11.0%
Net Margin
-119.8%
7.4%
Revenue YoY
25.5%
Net Profit YoY
30.7%
EPS (diluted)
$0.14

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
VMD
VMD
Q4 25
$76.2M
Q3 25
$73.8M
$71.9M
Q2 25
$77.5M
$63.1M
Q1 25
$152.2M
$59.1M
Q4 24
$60.7M
Q3 24
$58.0M
Q2 24
$363.2M
$55.0M
Q1 24
$50.6M
Net Profit
TSAT
TSAT
VMD
VMD
Q4 25
$5.6M
Q3 25
$-88.4M
$3.5M
Q2 25
$55.1M
$3.2M
Q1 25
$-52.3M
$2.6M
Q4 24
$4.3M
Q3 24
$3.9M
Q2 24
$547.4M
$1.5M
Q1 24
$1.6M
Gross Margin
TSAT
TSAT
VMD
VMD
Q4 25
57.9%
Q3 25
95.3%
57.5%
Q2 25
95.9%
58.3%
Q1 25
56.3%
Q4 24
59.5%
Q3 24
59.3%
Q2 24
59.8%
Q1 24
58.9%
Operating Margin
TSAT
TSAT
VMD
VMD
Q4 25
11.0%
Q3 25
5.9%
7.8%
Q2 25
16.8%
8.1%
Q1 25
6.5%
Q4 24
10.6%
Q3 24
9.7%
Q2 24
6.6%
Q1 24
4.4%
Net Margin
TSAT
TSAT
VMD
VMD
Q4 25
7.4%
Q3 25
-119.8%
4.9%
Q2 25
71.2%
5.0%
Q1 25
-34.4%
4.4%
Q4 24
7.1%
Q3 24
6.7%
Q2 24
150.7%
2.7%
Q1 24
3.2%
EPS (diluted)
TSAT
TSAT
VMD
VMD
Q4 25
$0.14
Q3 25
$0.09
Q2 25
$0.08
Q1 25
$0.06
Q4 24
$0.10
Q3 24
$0.10
Q2 24
$0.04
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
TSAT
TSAT
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$352.3M
$13.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.6B
$141.5M
Total Assets
$5.1B
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSAT
TSAT
VMD
VMD
Q4 25
$13.5M
Q3 25
$352.3M
$11.1M
Q2 25
$399.6M
$20.0M
Q1 25
$552.1M
$10.2M
Q4 24
$17.5M
Q3 24
$11.3M
Q2 24
$1.7B
$8.8M
Q1 24
$7.3M
Stockholders' Equity
TSAT
TSAT
VMD
VMD
Q4 25
$141.5M
Q3 25
$1.6B
$133.6M
Q2 25
$1.7B
$139.7M
Q1 25
$2.5B
$134.8M
Q4 24
$131.4M
Q3 24
$125.0M
Q2 24
$2.4B
$119.4M
Q1 24
$116.3M
Total Assets
TSAT
TSAT
VMD
VMD
Q4 25
$199.2M
Q3 25
$5.1B
$202.4M
Q2 25
$4.9B
$184.6M
Q1 25
$6.9B
$178.1M
Q4 24
$177.1M
Q3 24
$169.5M
Q2 24
$6.3B
$163.9M
Q1 24
$154.9M

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
VMD
VMD
Operating Cash FlowLast quarter
$18.4M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
3.27×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSAT
TSAT
VMD
VMD
Q4 25
$18.4M
Q3 25
$18.4M
Q2 25
$12.3M
Q1 25
$2.9M
Q4 24
$15.0M
Q3 24
$12.7M
Q2 24
$10.2M
Q1 24
$1.2M
Free Cash Flow
TSAT
TSAT
VMD
VMD
Q4 25
$9.7M
Q3 25
$10.7M
Q2 25
$4.1M
Q1 25
$-12.6M
Q4 24
$3.2M
Q3 24
$1.7M
Q2 24
$1.2M
Q1 24
$-4.8M
FCF Margin
TSAT
TSAT
VMD
VMD
Q4 25
12.7%
Q3 25
14.9%
Q2 25
6.5%
Q1 25
-21.4%
Q4 24
5.2%
Q3 24
3.0%
Q2 24
2.3%
Q1 24
-9.5%
Capex Intensity
TSAT
TSAT
VMD
VMD
Q4 25
11.5%
Q3 25
10.6%
Q2 25
12.9%
Q1 25
26.2%
Q4 24
19.5%
Q3 24
19.0%
Q2 24
16.3%
Q1 24
11.9%
Cash Conversion
TSAT
TSAT
VMD
VMD
Q4 25
3.27×
Q3 25
5.23×
Q2 25
3.88×
Q1 25
1.09×
Q4 24
3.47×
Q3 24
3.29×
Q2 24
6.94×
Q1 24
0.73×

Financial Flow Comparison

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

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