GILTNasdaqRadio & Tv Broadcasting & Communications EquipmentFiscal year ends December 31
GILAT SATELLITE NETWORKS LTD
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 16, 2026
$8.03+0.20 (+2.55%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 23.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
29.5%+4.6 pts over 5 years
Operating margin
5.2%−17.5 pts over 5 years
Net margin
4.6%−16.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +47.9% | +23.5% | +22.1% | +8.6% | |
| Gross profit | +17.7% | +15.3% | +26.4% | +11.7% | |
| Operating income | -15.4% | +33.0% | -9.1% | – | |
| Net income | -16.6% | – | -10.0% | – | |
| EPS, diluted | -22.7% | – | -11.6% | – | |
| Free cash flow | -63.3% | – | -24.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -2.8% | 13.5% | 5.2% | |
| Return on assets | -1.4% | 8.7% | 3.5% | |
| Current ratio | 1.63 | 1.61 | 1.82 | |
| Debt to equity | – | – | 0.00 | |
| Net debt to EBITDA | – | – | -3.54× | |
| Interest coverage | 0.1× | 14.7× | -2.8× | |
| Inventory turnover | 8.7× | 4.3× | 7.6× | |
| Capex to revenue | 1.5% | 2.8% | 2.5% | |
| Diluted shares | 52M | 56M | 60M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Gilat Satellite Networks generated $114.01M from operations and spent $85.58M on capital expenditure, dividends and share buybacks. 59% of that went back into the business.
Generated
$114.01M
Used
$85.58M
Capital expenditure$50.57M59%Dividends$35.00M41%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.6%
×Asset turnover0.77×
×Equity multiplier1.46×
=Return on equity, FY20255.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.6% | 0.77× | 1.46× | 5.2% |
| FY2024 | 8.1% | 0.71× | 1.48× | 8.6% |
| FY2023 | 8.8% | 0.66× | 1.57× | 9.1% |
| FY2022 | -2.5% | 0.64× | 1.53× | -2.4% |
| FY2021 | -1.4% | 0.55× | 1.56× | -1.2% |
| FY2020 | 21.1% | 0.41× | 1.55× | 13.5% |
| FY2019 | 14.3% | 0.65× | 1.50× | 14.0% |
| FY2018 | 6.9% | 0.68× | 1.66× | 7.8% |
| FY2017 | 2.4% | 0.73× | 1.81× | 3.2% |
| FY2016 | -1.9% | 0.74× | 1.94× | -2.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$20.72M
- Cash generatingOperating cash flow above zero$20.68M
- Return on assets improvedROA up on the prior year5.8% → 4.8%
- Earnings backed by cashOperating cash flow above net income$20.68M vs $20.72M
- Less leverageLong-term debt to assets fell0.5% → 0.0%
- Better liquidityCurrent ratio rose2.52 → 1.82
- No dilutionShare count did not rise57M → 60M
- Gross margin improvedGross margin up on the prior year37.10% → 29.52%
- More efficientAsset turnover rose0.72 → 1.05