MSFT
Microsoft Corporation
MSFT has the edge over TSAT overall, supported by stronger fundamentals and lower modeled downside.
TSAT
Telesat Corporation
TSAT trails on the overall score without a compensating advantage in the available component scores.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
TSAT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Weak |
TSAT's revenue, profitability, cash flow and balance sheet are all currently under pressure.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
TSAT PE Valuation
TSAT has no meaningful PE right now: it lost money over the past year.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
TSAT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong decline | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect TSAT's losses to shrink, with revenue declining.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT has the edge over TSAT on earnings quality, reporting a profit while its opponent remains loss making.
TSAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$17.44 | -$12.21 |
| Q1 2026 | -$8.80 | -$4.32 |
| Q4 2025 | -$7.43 | -$2.95 |
| Q3 2025 | -$7.77 | -574% |
| Q2 2025 | -$5.23 | -826% |
| Q1 2025 | -$4.48 | -166% |
| Q4 2024 | -$4.48 | -156% |
| Q3 2024 | $1.64 | -82% |
TSAT lost $17.44 per share over the past year, a bigger loss than the year before.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT has the edge over TSAT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over TSAT on profitability, with a higher operating margin.
TSAT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $55.9M | -25% |
| Q1 2026 | $61.4M | -25% |
| Q4 2025 | $66.1M | -27% |
| Q3 2025 | $71M | -27% |
| Q2 2025 | $74.6M | -30% |
| Q1 2025 | $82.1M | -23% |
| Q4 2024 | $90M | -23% |
| Q3 2024 | $97.3M | -21% |
TSAT's revenue has slid since its 2019 peak: $56M last quarter, down 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -16% | -33 points |
| Q1 2026 | 3.5% | -23 points |
| Q4 2025 | -381% | -204 points |
| Q3 2025 | 5.9% | -37 points |
| Q2 2025 | 17% | -24 points |
| Q1 2025 | 26% | -17 points |
| Q4 2024 | -178% | -172 points |
| Q3 2024 | 43% | +0.1 points |
TSAT's operating margin was −16% last quarter, down 33 points from the same quarter a year ago, near the bottom of its range since 2019.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT has the edge over TSAT on cash generation, producing positive trailing cash flow while its opponent burns cash.
TSAT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$165.1M | -$118.8M |
| Q1 2026 | -$80.4M | -210% |
| Q4 2025 | -$49.5M | -$36.5M |
| Q3 2025 | -$29.3M | -$16.3M |
| Q2 2025 | -$46.3M | -$31.1M |
| Q1 2025 | $73.2M | +82% |
| Q4 2024 | -$13M | -$10.9M |
| Q3 2024 | -$13M | -$12.5M |
TSAT's free cash flow has turned negative after years in the green: −$324M over the past year.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has 7.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
TSAT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.6% | +240K shares |
| 1 year | -8.1% | -1.3M shares |
| 3 years | +10% | +1.4M shares |
TSAT has the edge over MSFT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2025 | $1.1M |
| Q1 2025 | $4.8M |
| Q4 2024 | $1.6M |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT's net debt is less than a year of its operating earnings (EBITDA).
TSAT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2025 | 48.8x | High |
| Q4 2024 | 38.5x | High |
| Q3 2024 | 3.0x | Moderate |
| Q2 2024 | 2.7x | Moderate |
| Q1 2024 | 1.5x | Healthy |
| Q4 2023 | 1.4x | Healthy |
| Q3 2023 | 0.9x | Very low |
| Q2 2023 | 1.5x | Healthy |
TSAT's net debt is more than 20 years of its operating earnings (EBITDA), up from 1.4 years a year ago.
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
TSAT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.8 | Neutral |
| Stochastic | 28.4 | Neutral |
TSAT's weekly RSI is 52 (neutral) and its Stochastic is 28 (neutral).
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
TSAT PE vs Technology Sector
| Metric | TSAT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
TSAT has no meaningful PE right now: it lost money over the past year.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT's trend is up, with a small recent dip: it's below only its 8-week average, and 27% above its 200-week average.
TSAT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.6 | 1.7% above |
| 20 week MA | $44.8 | 1.3% above |
| 50 week MA | $41.0 | 11% above |
| 100 week MA | $31.2 | 45% above |
| 200 week MA | $20.8 | 119% above |
TSAT has the edge over MSFT on trend strength, trading above more of its moving averages.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has finished higher in five of the last six years, two of them by more than 50%. It's up 7.2% so far in 2026.
TSAT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.8 | $21.3 | -35% |
| 2021 | $21.3 | $31.9 | +50% |
| 2022 | $31.9 | $6.92 | -78% |
| 2023 | $6.92 | $10.4 | +51% |
| 2024 | $10.4 | $16.4 | +57% |
| 2025 | $16.4 | $29.2 | +78% |
| 2026 YTD | $29.2 | $45.4 | +56% |
TSAT has the edge over MSFT on returns for 2026, with the stronger performance.