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Telesat Valuation Multiples
Discover revenue and EBITDA valuation multiples for Telesat and similar public comparables like Ovzon, Spire Global, Gogo Air, Gemini Space Station and more.
Telesat Overview
About Telesat
Telesat Corp is a satellite operator, that provides its customers with mission-critical communications services. It operates in a single operating segment, in which it provides satellite-based services to its broadcast, enterprise, and consulting customers around the world. Geographically, it derives a majority of its revenue from Canada. It derives revenue from Broadcast, Enterprise, Consulting, and others.
Founded
2020
HQ

Employees
610
Website
Financials (LTM)
EV
$3B
Telesat Financials
Telesat reported last 12-month revenue of $284M and EBITDA of $138M.
In the same LTM period, Telesat generated $267M in gross profit, $138M in EBITDA, and had net loss of ($102M).
Revenue (LTM)
Telesat P&L
In the most recent fiscal year, Telesat reported revenue of $305M and EBITDA of $155M.
Telesat expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $284M | XXX | $305M | XXX | XXX | XXX |
| Gross Profit | $267M | XXX | $287M | XXX | XXX | XXX |
| Gross Margin | 94% | XXX | 94% | XXX | XXX | XXX |
| EBITDA | $138M | XXX | $155M | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 51% | XXX | XXX | XXX |
| EBIT Margin | (56%) | XXX | 14% | XXX | XXX | XXX |
| Net Profit | ($102M) | XXX | ($113M) | XXX | XXX | XXX |
| Net Margin | (36%) | XXX | (37%) | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Telesat Stock Performance
Telesat has current market cap of $769M, and enterprise value of $3B.
Market Cap Evolution
Telesat's stock price is $51.77.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $769M | 0.2% | XXX | XXX | XXX | $-7.60 |
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Start Free TrialTelesat Valuation Multiples
Telesat trades at 10.5x EV/Revenue multiple, and 21.6x EV/EBITDA.
EV / Revenue (LTM)
Telesat Financial Valuation Multiples
As of April 20, 2026, Telesat has market cap of $769M and EV of $3B.
Equity research analysts estimate Telesat's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Telesat has a P/E ratio of (7.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $769M | XXX | $769M | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 10.5x | XXX | 9.8x | XXX | XXX | XXX |
| EV/EBITDA | 21.6x | XXX | 19.2x | XXX | XXX | XXX |
| EV/EBIT | (18.8x) | XXX | 71.5x | XXX | XXX | XXX |
| EV/Gross Profit | 11.1x | XXX | 10.4x | XXX | XXX | XXX |
| P/E | (7.5x) | XXX | (6.8x) | XXX | XXX | XXX |
| EV/FCF | (5.5x) | XXX | (55.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Telesat Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Telesat Margins & Growth Rates
Telesat's revenue in the last 12 month declined by (21%).
Telesat's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.4M for the same period.
Telesat's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Telesat's rule of X is (16%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Telesat Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (21%) | XXX | (23%) | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 51% | XXX | XXX | XXX |
| EBITDA Growth | (37%) | XXX | (38%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (16%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 22% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 80% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Telesat Public Comps
See public comps and valuation multiples for other Satellite Communications comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Telesat | XXX | XXX | XXX | XXX | XXX | XXX |
| Ovzon | XXX | XXX | XXX | XXX | XXX | XXX |
| Spire Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Gogo Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Gemini Space Station | XXX | XXX | XXX | XXX | XXX | XXX |
| Intellian Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Telesat M&A Activity
Telesat acquired XXX companies to date.
Last acquisition by Telesat was on XXXXXXXX, XXXXX. Telesat acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Telesat
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTelesat Investment Activity
Telesat invested in XXX companies to date.
Telesat made its latest investment on XXXXXXXX, XXXXX. Telesat invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Telesat
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Telesat
| When was Telesat founded? | Telesat was founded in 2020. |
| Where is Telesat headquartered? | Telesat is headquartered in Canada. |
| How many employees does Telesat have? | As of today, Telesat has over 610 employees. |
| Who is the CEO of Telesat? | Telesat's CEO is Daniel Goldberg. |
| Is Telesat publicly listed? | Yes, Telesat is a public company listed on Nasdaq. |
| What is the stock symbol of Telesat? | Telesat trades under TSAT ticker. |
| When did Telesat go public? | Telesat went public in 2021. |
| Who are competitors of Telesat? | Telesat main competitors are Ovzon, Spire Global, Gogo Air, Gemini Space Station. |
| What is the current market cap of Telesat? | Telesat's current market cap is $769M. |
| What is the current revenue of Telesat? | Telesat's last 12 months revenue is $284M. |
| What is the current revenue growth of Telesat? | Telesat revenue growth (NTM/LTM) is (21%). |
| What is the current EV/Revenue multiple of Telesat? | Current revenue multiple of Telesat is 10.5x. |
| Is Telesat profitable? | Yes, Telesat is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Telesat? | Telesat's last 12 months EBITDA is $138M. |
| What is Telesat's EBITDA margin? | Telesat's last 12 months EBITDA margin is 49%. |
| What is the current EV/EBITDA multiple of Telesat? | Current EBITDA multiple of Telesat is 21.6x. |
| What is the current FCF of Telesat? | Telesat's last 12 months FCF is ($542M). |
| What is Telesat's FCF margin? | Telesat's last 12 months FCF margin is (191%). |
| What is the current EV/FCF multiple of Telesat? | Current FCF multiple of Telesat is (5.5x). |
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