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Side-by-side financial comparison of Telesat Corp (TSAT) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
Telesat Corp is the larger business by last-quarter revenue ($73.8M vs $58.6M, roughly 1.3× Vitesse Energy, Inc.). Vitesse Energy, Inc. runs the higher net margin — -1.3% vs -119.8%, a 118.6% gap on every dollar of revenue. Over the past eight quarters, Vitesse Energy, Inc.'s revenue compounded faster (-2.1% 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.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
TSAT vs VTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.8M | $58.6M |
| Net Profit | $-88.4M | $-739.0K |
| Gross Margin | 95.3% | — |
| Operating Margin | 5.9% | -12.0% |
| Net Margin | -119.8% | -1.3% |
| Revenue YoY | — | 4.8% |
| Net Profit YoY | — | 85.6% |
| EPS (diluted) | — | $-0.01 |
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 | — | $58.6M | ||
| Q3 25 | $73.8M | $67.4M | ||
| Q2 25 | $77.5M | $81.8M | ||
| Q1 25 | $152.2M | $66.2M | ||
| Q4 24 | — | $55.9M | ||
| Q3 24 | — | $58.3M | ||
| Q2 24 | $363.2M | $66.6M | ||
| Q1 24 | — | $61.2M |
| Q4 25 | — | $-739.0K | ||
| Q3 25 | $-88.4M | $-1.3M | ||
| Q2 25 | $55.1M | $24.7M | ||
| Q1 25 | $-52.3M | $2.7M | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | — | $17.4M | ||
| Q2 24 | $547.4M | $10.9M | ||
| Q1 24 | — | $-2.2M |
| Q4 25 | — | — | ||
| Q3 25 | 95.3% | — | ||
| Q2 25 | 95.9% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -12.0% | ||
| Q3 25 | 5.9% | 0.2% | ||
| Q2 25 | 16.8% | 22.8% | ||
| Q1 25 | — | 8.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | — | 25.2% | ||
| Q1 24 | — | 21.4% |
| Q4 25 | — | -1.3% | ||
| Q3 25 | -119.8% | -1.9% | ||
| Q2 25 | 71.2% | 30.2% | ||
| Q1 25 | -34.4% | 4.0% | ||
| Q4 24 | — | -9.2% | ||
| Q3 24 | — | 29.9% | ||
| Q2 24 | 150.7% | 16.4% | ||
| Q1 24 | — | -3.6% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $0.60 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $0.53 | ||
| Q2 24 | — | $0.33 | ||
| Q1 24 | — | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $352.3M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.6B | $629.3M |
| Total Assets | $5.1B | $893.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $352.3M | — | ||
| Q2 25 | $399.6M | — | ||
| Q1 25 | $552.1M | $4.5M | ||
| Q4 24 | — | $3.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $629.3M | ||
| Q3 25 | $1.6B | $650.3M | ||
| Q2 25 | $1.7B | $671.9M | ||
| Q1 25 | $2.5B | $667.7M | ||
| Q4 24 | — | $500.3M | ||
| Q3 24 | — | $520.4M | ||
| Q2 24 | $2.4B | $518.5M | ||
| Q1 24 | — | $522.7M |
| Q4 25 | — | $893.4M | ||
| Q3 25 | $5.1B | $932.9M | ||
| Q2 25 | $4.9B | $951.5M | ||
| Q1 25 | $6.9B | $975.2M | ||
| Q4 24 | — | $810.9M | ||
| Q3 24 | — | $791.2M | ||
| Q2 24 | $6.3B | $778.4M | ||
| Q1 24 | — | $749.7M |
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 | — | $37.4M |
| 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.
| Q4 25 | — | $37.4M | ||
| Q3 25 | — | $49.4M | ||
| Q2 25 | — | $66.0M | ||
| Q1 25 | — | $17.5M | ||
| Q4 24 | — | $34.7M | ||
| Q3 24 | — | $45.7M | ||
| Q2 24 | — | $35.2M | ||
| Q1 24 | — | $39.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.68× | ||
| Q1 25 | — | 6.56× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.62× | ||
| Q2 24 | — | 3.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TSAT
Segment breakdown not available.
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
