Viasat, Inc. (VSAT) Key Metrics
VSAT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $8.10B
- Enterprise value
- $15.34B
- P/E (TTM)
- — 10-yr median 154.7
- Forward P/E
- 144.9
- PEG ratio
- 0.26
- Price / sales
- 1.8 10-yr median 1.4
- Price / book
- 2.2 10-yr median 1.3
- EV / EBITDA
- 8.5 10-yr median 15.3
- Dividend yield
- —
- Beta
- 1.76
VSAT key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsVSAT valuation Price multiples at each fiscal year-end price.
Price / sales+343.0%
1.3
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / book+344.5%
1.3
FY2026 · hover or tap a bar for each year
FY2017FY2026
EV / EBITDA+5.3%
6.2
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow yield+18.7 pts
9.7%
FY2026 · hover or tap a bar for each year
FY2017FY2026
VSAT returns How much profit the business earns on the capital it uses.
Return on equity+11.3 pts
−0.7%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on invested capital+1.3 pts
0.5%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on assets+3.4 pts
−0.2%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow margin+15.6 pts
12.9%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Asset turnover+6.4%
0.30
FY2026 · hover or tap a bar for each year
FY2017FY2026
VSAT per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−0.8%
$34.44
FY2026 · hover or tap a bar for each year
FY2017FY2026
Earnings per share
−$0.25
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow per share
$4.43
FY2026 · hover or tap a bar for each year
FY2017FY2026
Book value per share−1.1%
$34.59
FY2026 · hover or tap a bar for each year
FY2017FY2026
Shares outstanding+3.5%
134.7M
FY2026 · hover or tap a bar for each year
FY2017FY2026
VSAT financial health Debt, liquidity and how easily interest is covered.
Debt / equity−9.8%
1.49
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt−$710.7M
$5.19B
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt / EBITDA−1.95
2.82
FY2026 · hover or tap a bar for each year
FY2017FY2026
Current ratio+39.8%
2.41
FY2026 · hover or tap a bar for each year
FY2017FY2026
Interest coverage
0.3
FY2026 · hover or tap a bar for each year
FY2017FY2026
Debt / assets−6.3%
0.46
FY2026 · hover or tap a bar for each year
FY2017FY2026
VSAT efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−9 days
58 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days of inventory−6 days
31 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days payables outstanding−3 days
30 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion cycle−11 days
59 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Capex / revenue−1.4 pts
21.4%
FY2026 · hover or tap a bar for each year
FY2017FY2026
VSAT valuation history
Fiscal year-endToday10-year median
VSAT returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VSAT debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VSAT cash returned to shareholders
DividendsBuybacksFree cash flow
VSAT price vs earnings per share
Share price at year-endEPS (right axis)
VSAT key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.17B | $1.36B | $2.12B | $2.57B | $3.58B | $3.22B | $2.21B | $4.69B | $3.87B | $3.68B |
| Enterprise value | $11.36B | $7.26B | $7.86B | $4.00B | $6.12B | $5.12B | $4.09B | $5.84B | $4.82B | $4.39B |
| P/E ratio | — | — | — | 2.4 | — | 872.8 | — | — | — | 154.7 |
| Price / sales | 1.3 | 0.3 | 0.5 | 1.0 | 1.5 | 1.7 | 1.0 | 2.3 | 2.4 | 2.4 |
| Price / book | 1.3 | 0.3 | 0.4 | 0.7 | 1.4 | 1.4 | 1.1 | 2.5 | 2.1 | 2.1 |
| Price / free cash flow | 10.3 | — | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 3.9 | 1.5 | 3.1 | 7.0 | 7.1 | 4.4 | 5.1 | 14.3 | 10.8 | 8.9 |
| EV / sales | 2.4 | 1.6 | 1.8 | 1.6 | 2.5 | 2.7 | 1.8 | 2.8 | 3.0 | 2.8 |
| EV / EBITDA | 6.2 | 5.9 | 21.6 | 10.1 | 15.2 | 17.4 | 12.5 | 22.6 | 31.3 | 15.5 |
| EV / free cash flow | 19.0 | — | — | — | — | — | — | — | — | — |
| Earnings yield | −0.6% | −42.4% | −50.4% | 42.2% | −0.4% | 0.1% | −0.0% | −1.4% | −1.7% | 0.6% |
| Free cash flow yield | 9.7% | −9.0% | −40.2% | −31.0% | −13.5% | −4.9% | −14.6% | −7.7% | −5.8% | −4.7% |
| Dividend yield | — | — | — | — | 0.6% | 13.0% | 1.7% | 23.7% | 19.4% | 5.2% |
| Shareholder yield (dividends + buybacks) | 0.3% | 0.4% | 0.6% | 1.8% | 1.2% | 13.4% | 3.0% | 24.3% | 20.1% | 5.8% |
| Share price at fiscal year-end | $45.80 | $10.42 | $18.09 | $33.84 | $48.80 | $48.07 | $35.92 | $77.50 | $65.72 | $63.82 |
| Per share | ||||||||||
| Revenue per share | $34.44 | $34.71 | $36.55 | $33.67 | $32.93 | $28.66 | $37.47 | $34.16 | $27.07 | $27.07 |
| Earnings per share | −$0.25 | −$4.42 | −$9.12 | $14.29 | −$0.21 | $0.06 | −$0.00 | −$1.12 | −$1.14 | $0.41 |
| Operating cash flow per share | $11.80 | $6.97 | $5.87 | $4.85 | $6.89 | $10.85 | $7.09 | $5.41 | $6.09 | $7.14 |
| Free cash flow per share | $4.43 | −$0.94 | −$7.26 | −$10.49 | −$6.60 | −$2.36 | −$5.26 | −$5.93 | −$3.83 | −$3.03 |
| Cash per share | $12.96 | $12.38 | $16.22 | $17.77 | $4.23 | $4.42 | $4.94 | $4.32 | $1.21 | $2.26 |
| Book value per share | $34.59 | $34.97 | $42.88 | $50.38 | $35.89 | $35.09 | $32.90 | $31.51 | $31.19 | $30.11 |
| Tangible book value per share | $4.46 | $2.13 | $4.32 | $41.74 | $26.56 | $28.79 | $26.13 | $29.13 | $28.59 | $27.31 |
| Dividends per share | — | — | — | — | $0.28 | $6.25 | $0.62 | $18.33 | $12.77 | $3.30 |
| Capex per share | $7.37 | $7.91 | $13.14 | $15.34 | $13.49 | $13.21 | $12.35 | $11.34 | $9.92 | $10.17 |
| Debt per share | $51.50 | $57.72 | $65.18 | $36.66 | $38.86 | $32.76 | $35.37 | $23.33 | $17.38 | $14.73 |
| Shares outstanding | 134.7M | 130.2M | 117.2M | 75.9M | 73.4M | 67.0M | 61.6M | 60.6M | 58.9M | 57.6M |
| Change in shares outstanding | +3.5% | +11.1% | +54.4% | +3.4% | +9.5% | +8.7% | +1.8% | +2.8% | +2.3% | +16.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −0.7% | −12.0% | −24.2% | 33.6% | −0.6% | 0.2% | −0.0% | −3.6% | −3.8% | 1.7% |
| Return on invested capital (ROIC) | 0.5% | −0.7% | −8.8% | −2.4% | −1.9% | −0.9% | 0.7% | −1.6% | −2.8% | 1.4% |
| Return on assets (ROA) | −0.2% | −3.6% | −8.9% | 15.4% | −0.3% | 0.1% | −0.0% | −1.8% | −2.1% | 0.9% |
| Return on tangible assets | −0.3% | −5.1% | −9.1% | 15.3% | −0.3% | 0.1% | −0.0% | −1.8% | −2.1% | 0.9% |
| Free cash flow margin | 12.9% | −2.7% | −19.9% | −31.2% | −20.1% | −8.2% | −14.0% | −17.4% | −14.2% | −11.2% |
| Income quality (OCF / net income) | — | — | — | 0.34 | — | 197.02 | — | — | — | 17.31 |
| Financial health | ||||||||||
| Total debt | $6.94B | $7.52B | $7.64B | $2.78B | $2.85B | $2.20B | $2.18B | $1.41B | $1.02B | $848.5M |
| Cash & short-term investments | $1.75B | $1.61B | $1.90B | $1.35B | $310.5M | $295.9M | $304.3M | $261.7M | $71.4M | $130.1M |
| Net debt | $5.19B | $5.90B | $5.74B | $1.43B | $2.54B | $1.90B | $1.88B | $1.15B | $952.3M | $718.4M |
| Debt / equity | 1.49 | 1.65 | 1.52 | 0.73 | 1.08 | 0.93 | 1.08 | 0.74 | 0.56 | 0.49 |
| Debt / assets | 0.46 | 0.49 | 0.47 | 0.36 | 0.45 | 0.41 | 0.45 | 0.36 | 0.30 | 0.29 |
| Net debt / EBITDA | 2.82 | 4.77 | 15.76 | 3.61 | 6.30 | 6.44 | 5.73 | 4.46 | 6.18 | 2.53 |
| Current ratio | 2.41 | 1.72 | 2.68 | 2.35 | 1.50 | 1.40 | 1.73 | 1.83 | 1.31 | 1.89 |
| Quick ratio | 2.19 | 1.55 | 2.44 | 2.07 | 1.25 | 0.92 | 1.24 | 1.34 | 0.89 | 1.39 |
| Interest coverage | 0.3 | -0.2 | -2.2 | -5.8 | -3.8 | -1.4 | 1.0 | -1.2 | -22.9 | 3.0 |
| Working capital | $1.83B | $1.21B | $2.18B | $1.29B | $389.1M | $282.8M | $441.1M | $401.7M | $146.1M | $289.3M |
| Invested capital | $9.85B | $10.46B | $10.76B | $5.26B | $5.18B | $4.25B | $3.90B | $3.06B | $2.79B | $2.45B |
| Tangible asset value | $669.7M | $368.0M | $553.1M | $3.20B | $2.00B | $1.97B | $1.63B | $1.77B | $1.70B | $1.58B |
| Net current asset value | −$7.37B | −$7.92B | −$7.78B | −$1.63B | −$2.55B | −$1.97B | −$1.79B | −$1.11B | −$953.5M | −$601.9M |
| Graham number | — | — | — | $127.27 | — | $6.59 | — | — | — | $16.72 |
| Graham net-net per share | −$59.70 | −$65.38 | −$72.47 | −$27.29 | −$41.74 | −$34.60 | −$34.63 | −$23.04 | −$20.30 | −$14.01 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $20.5M | $419.1M | $38.4M | $1.11B | $752.5M | $189.9M |
| Share buybacks (net) | $18.3M | $5.5M | $11.7M | $46.5M | $23.0M | $13.7M | $28.8M | $28.8M | $24.2M | $21.7M |
| Dividend payout ratio | — | — | — | — | — | — | — | — | — | 798.9% |
| Dividends + buybacks / free cash flow | 3.1% | — | — | — | — | — | — | — | — | — |
| Capex / revenue | 21.4% | 22.8% | 35.9% | 45.5% | 41.0% | 46.1% | 33.0% | 33.2% | 36.7% | 37.6% |
| Capex / operating cash flow | 62.4% | 113.4% | 223.7% | 316.5% | 195.9% | 121.7% | 174.2% | 209.7% | 163.0% | 142.4% |
| Capex / depreciation | 0.73 | 0.76 | 1.33 | 2.33 | 2.00 | 2.23 | 2.22 | 2.16 | 2.29 | 2.38 |
| Stock-based compensation / revenue | 1.7% | 1.8% | 2.0% | 3.3% | 3.6% | 4.4% | 3.7% | 3.8% | 4.3% | 3.6% |
| R&D / revenue | 3.6% | 3.2% | 3.5% | 7.2% | 8.5% | 8.6% | 7.9% | 5.9% | 10.6% | 8.3% |
| SG&A / revenue | 21.5% | 22.4% | 40.7% | 25.8% | 25.1% | 25.3% | 21.5% | 22.2% | 24.2% | 21.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 57.5 | 66.6 | 57.9 | 52.3 | 41.6 | 54.1 | 49.9 | 50.1 | 60.8 | 64.4 |
| Days of inventory on hand | 31.2 | 36.9 | 36.9 | 46.4 | 57.0 | 85.0 | 60.0 | 51.1 | 58.5 | 53.6 |
| Days payables outstanding | 29.9 | 33.2 | 35.1 | 47.0 | 36.9 | 44.3 | 38.6 | 37.4 | 42.0 | 34.1 |
| Cash conversion cycle (days) | 58.8 | 70.2 | 59.7 | 51.7 | 61.7 | 94.8 | 71.2 | 63.9 | 77.4 | 84.0 |
| Receivables turnover | 6.34 | 5.48 | 6.30 | 6.98 | 8.78 | 6.75 | 7.32 | 7.28 | 6.00 | 5.67 |
| Payables turnover | 12.19 | 10.99 | 10.39 | 7.77 | 9.90 | 8.25 | 9.44 | 9.77 | 8.70 | 10.71 |
| Inventory turnover | 11.71 | 9.90 | 9.90 | 7.87 | 6.40 | 4.30 | 6.09 | 7.14 | 6.24 | 6.80 |
| Asset turnover | 0.30 | 0.28 | 0.36 | 0.36 | 0.41 | 0.38 | 0.52 | 0.56 | 0.50 | 0.58 |
| Average receivables | $731.5M | $824.6M | $679.8M | $366.1M | $275.4M | $284.7M | $315.5M | $284.0M | $265.7M | $275.2M |
| Average payables | $276.2M | $275.8M | $279.4M | $236.1M | $172.9M | $164.4M | $170.4M | $157.4M | $128.9M | $98.0M |
| Average inventory | $287.6M | $305.9M | $293.2M | $233.2M | $267.3M | $315.5M | $264.5M | $215.4M | $179.8M | $154.2M |
| Intangibles / total assets | 26.7% | 27.7% | 27.7% | 8.5% | 10.7% | 7.9% | 8.5% | 3.7% | 4.5% | 5.5% |
Computed from VSAT's annual financial statements (latest annual report filed May 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
VSAT valuation and financial ratios
Viasat earned a return on equity of −0.7% and a return on invested capital of 0.5% in fiscal 2026. It ended the year with $6.9 billion of debt and $1.7 billion in cash and short-term investments, net debt of $5.2 billion. It returned $18.3 million to shareholders: $0 in dividends and $18.3 million in share buybacks, 3% of free cash flow. The share count rose 133.9% from 57.6M to 134.7M over 9 years.
See the VSAT income statement, the VSAT chart for price history, or the VSAT stock overview for the latest quote and news.
VSAT key metrics FAQ
What is Viasat's EV/EBITDA?
Viasat's enterprise value was 6.2 times EBITDA at the end of fiscal 2026 (enterprise value $11.4 billion, EBITDA $1.8 billion); the current EV/EBITDA is 8.5.
What is Viasat's return on equity?
Viasat's return on equity (ROE) was −0.7% in fiscal 2026: net income of -$34.1 million on average shareholders' equity of $4.6 billion.
What is Viasat's ROIC?
Viasat's return on invested capital was 0.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Viasat have?
Viasat had total debt of $6.9 billion at the end of fiscal 2026, a debt-to-equity ratio of 1.49 and $5.2 billion of net debt (2.82 times EBITDA).
Does Viasat buy back its shares?
Yes. Viasat spent $18.3 million on net share repurchases in fiscal 2026 Shares outstanding changed +3.5% over the year, to 134.7M..
What is Viasat's free cash flow yield?
Viasat generated $597.1 million of free cash flow in fiscal 2026, a free cash flow yield of 9.7% on its market value at year-end ($6.2 billion).
What is Viasat's current ratio?
Viasat's current ratio was 2.41 at the end of fiscal 2026: current assets were 2.41 times current liabilities.