Telesat Corporation

TSATNASDAQTechnology● Active

$44.40

$-0.17(-0.37%)

Market Cap$656601917

P/E Ratio—

52W High$59.12

52W Low$15.67

Avg Volume208K

Open$45.68

Beta2.00

Free Cash Flow Financials Revenue

Telesat Corporation (TSAT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TSAT · free cash flow · updated Jun 8, 2026

Core FCF metrics

TSAT · FCF · TTM · margin & CAGR

Free cash flow was −$697.8M for FY2025 (fiscal year ending 2025-12-31) The FCF margin was -167.1%.

FY2025 Free Cash Flow−$697.8M▼ -29074.3% YoY

Trailing 12M (TTM)−$569.5Mtrailing 4 quarters sum

FCF Margin-167.1%−$697.8M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TSAT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$66.6M(764M)−$697.8M▼ 29074.3%-167.1%

FY2024$62.5M(65M)−$2.4M▼ 102.1%-0.4%

FY2023$170.1M(56M)$113.9M▼ 30.7%16.2%

FY2022$228.8M(65M)$164.3M▼ 37.0%21.6%

FY2021$296.4M(36M)$260.6M▼ 26.7%34.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TSAT · P/FCF · FCF yield · FCF per share

Telesat Corporation (TSAT) reported negative free cash flow of −$0.70B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TSAT · cash flow statement · operating / investing / financing

For FY2025, Telesat Corporation generated $66.6M in operating cash flow and spent 764M in capital expenditures, yielding −$697.8M in free cash flow.

Operating Activities

+$66.6M

Cash from core business operations

2025-12-31

Investing Activities

−$760.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$671.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($66.6M) − |CapEx| (764M) = FCF (−$697.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

TSAT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Telesat CorporationYOU

TSAT

−$697.8M-29074.3%-167.1%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Telesat Corporation (TSAT) reported free cash flow of −$697.8M for FY2025 (fiscal year ending 2025-12-31). The FCF margin was -167.1%.

Based on available data, Telesat Corporation has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $401.1M in FY2013.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TSAT free cash flow · 8 questions

Telesat Corporation free cash flow was −$697.8M for FY2025. On a trailing twelve-month (TTM) basis, free cash flow stands at −$569.5M.

TSAT free cash flowTSAT FCFTSAT FCF 2025TSAT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Telesat Corporation · Telesat Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026