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Gilat Satellite Financials

GILT
Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 62 / 100
Financial Profile 62/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
45

Gilat Satellite has an operating margin of 9.1%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 45/100, indicating healthy but not exceptional operating efficiency. This is down from 10.5% the prior year.

Growth
71

Gilat Satellite's revenue grew 14.8% year-over-year to $305.4M, a solid pace of expansion. This earns a growth score of 71/100.

Leverage
100

Gilat Satellite carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
81

With a current ratio of 2.52, Gilat Satellite holds $2.52 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.

Cash Flow
41

Gilat Satellite has a free cash flow margin of 8.2%, earning a moderate score of 41/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
33

Gilat Satellite's ROE of 8.2% shows moderate profitability relative to equity, earning a score of 33/100. This is down from 8.6% the prior year.

Altman Z-Score Safe
4.11

Gilat Satellite scores 4.11, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.0B) relative to total liabilities ($125.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong
7/9

Gilat Satellite passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.27x

For every $1 of reported earnings, Gilat Satellite generates $1.27 in operating cash flow ($31.7M OCF vs $24.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
9.3x

Gilat Satellite earns $9.3 in operating income for every $1 of interest expense ($27.7M vs $3.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

This page shows Gilat Satellite (GILT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue
$305.4M
YoY+14.8%
5Y CAGR+3.5%
10Y CAGR+2.7%

Gilat Satellite generated $305.4M in revenue in fiscal year 2024. This represents an increase of 14.8% from the prior year.

EBITDA
$41.3M
YoY-0.6%
5Y CAGR+2.3%
10Y CAGR+7.0%

Gilat Satellite's EBITDA was $41.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.6% from the prior year.

Free Cash Flow
$25.1M
YoY+18.2%
5Y CAGR-1.3%

Gilat Satellite generated $25.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 18.2% from the prior year.

Net Income
$24.8M
YoY+5.7%
5Y CAGR-7.6%

Gilat Satellite reported $24.8M in net income in fiscal year 2024. This represents an increase of 5.7% from the prior year.

EPS (Diluted)
$0.44
YoY+7.3%
5Y CAGR-7.8%

Gilat Satellite earned $0.44 per diluted share (EPS) in fiscal year 2024. This represents an increase of 7.3% from the prior year.

Cash & Debt
$119.4M
YoY+14.8%
5Y CAGR+9.8%
10Y CAGR+15.7%

Gilat Satellite held $119.4M in cash against $2.0M in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
57M
YoY+0.0%
5Y CAGR+0.5%
10Y CAGR+2.9%

Gilat Satellite had 57M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin
37.1%
YoY-2.3pp
5Y CAGR-0.3pp
10Y CAGR+1.5pp

Gilat Satellite's gross margin was 37.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.

Operating Margin
9.1%
YoY-1.5pp
5Y CAGR-1.0pp
10Y CAGR+6.9pp

Gilat Satellite's operating margin was 9.1% in fiscal year 2024, reflecting core business profitability. This is down 1.5 percentage points from the prior year.

Net Margin
8.1%
YoY-0.7pp
5Y CAGR-6.2pp
10Y CAGR+8.8pp

Gilat Satellite's net profit margin was 8.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.

Return on Equity
8.2%
YoY-0.4pp
5Y CAGR-5.5pp

Gilat Satellite's ROE was 8.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.

R&D Spending
$38.1M
YoY-7.4%
5Y CAGR+4.8%
10Y CAGR+4.2%

Gilat Satellite invested $38.1M in research and development in fiscal year 2024. This represents a decrease of 7.4% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$6.6M
YoY-38.5%
5Y CAGR-3.7%
10Y CAGR-6.3%

Gilat Satellite invested $6.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 38.5% from the prior year.

GILT Income Statement

Metric Q2'25 Q4'24 Q2'24 Q4'23 Q2'23 Q4'22 Q2'22 Q4'21
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

GILT Balance Sheet

Metric Q2'25 Q4'24 Q2'24 Q4'23 Q2'23 Q4'22 Q2'22 Q4'21
Total Assets $575.9M+34.0% $429.7M+3.1% $416.9M-2.3% $426.9M+14.9% $371.6M-3.6% $385.4M+2.5% $376.0M+2.2% $367.7M
Current Assets $221.4M-13.4% $255.6M+6.6% $239.7M-0.3% $240.6M+14.7% $209.7M-2.5% $215.1M+1.9% $210.9M+5.8% $199.4M
Cash & Equivalents $64.9M-45.6% $119.4M+27.5% $93.7M-9.9% $104.0M+18.9% $87.4M+0.9% $86.6M+23.5% $70.1M-14.3% $81.9M
Inventory $48.7M+25.3% $38.9M+5.8% $36.8M-4.5% $38.5M-3.8% $40.0M+21.3% $33.0M+2.7% $32.2M+13.1% $28.4M
Accounts Receivable $53.2M+7.2% $49.6M-20.3% $62.2M+39.1% $44.7M+7.6% $41.6M-17.9% $50.6M-1.3% $51.3M+31.0% $39.2M
Goodwill $167.7M+219.5% $52.5M-4.1% $54.7M0.0% $54.7M+25.9% $43.5M0.0% $43.5M0.0% $43.5M0.0% $43.5M
Total Liabilities $260.1M+107.6% $125.3M-6.6% $134.2M-11.8% $152.2M+30.6% $116.5M-17.5% $141.3M+8.5% $130.3M+9.1% $119.4M
Current Liabilities $147.2M+45.1% $101.4M-9.6% $112.2M-11.3% $126.6M+18.1% $107.2M-14.8% $125.8M+4.1% $120.8M+11.3% $108.5M
Long-Term Debt $59.3M+2862.5% $2.0M0.0% $2.0M0.0% $2.0M N/A $0 N/A N/A
Total Equity $315.8M+3.7% $304.4M+7.7% $282.8M+2.9% $274.7M+7.7% $255.0M+4.5% $244.1M-0.7% $245.7M-1.0% $248.3M
Retained Earnings -$631.6M+0.6% -$635.5M+2.8% -$654.1M+0.9% -$660.3M+2.0% -$673.9M+1.4% -$683.8M-0.6% -$679.9M-0.3% -$677.9M

GILT Cash Flow Statement

Metric Q2'25 Q4'24 Q2'24 Q4'23 Q2'23 Q4'22 Q2'22 Q4'21
Operating Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

GILT Financial Ratios

Metric Q2'25 Q4'24 Q2'24 Q4'23 Q2'23 Q4'22 Q2'22 Q4'21
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A N/A N/A N/A
Current Ratio 1.50-1.0 2.52+0.4 2.14+0.2 1.90-0.1 1.96+0.2 1.71-0.0 1.75-0.1 1.84
Debt-to-Equity 0.19+0.2 0.010.0 0.010.0 0.01-0.4 0.46+0.5 0.00-0.5 0.53+0.0 0.48
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

What is Gilat Satellite's annual revenue?

Gilat Satellite (GILT) reported $305.4M in total revenue for fiscal year 2024. This represents a 14.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Gilat Satellite's revenue growing?

Gilat Satellite (GILT) revenue grew by 14.8% year-over-year, from $266.1M to $305.4M in fiscal year 2024.

Is Gilat Satellite profitable?

Yes, Gilat Satellite (GILT) reported a net income of $24.8M in fiscal year 2024, with a net profit margin of 8.1%.

What is Gilat Satellite's earnings per share (EPS)?

Gilat Satellite (GILT) reported diluted earnings per share of $0.44 for fiscal year 2024. This represents a 7.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Gilat Satellite's EBITDA?

Gilat Satellite (GILT) had EBITDA of $41.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Gilat Satellite have?

As of fiscal year 2024, Gilat Satellite (GILT) had $119.4M in cash and equivalents against $2.0M in long-term debt.

What is Gilat Satellite's gross margin?

Gilat Satellite (GILT) had a gross margin of 37.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Gilat Satellite's operating margin?

Gilat Satellite (GILT) had an operating margin of 9.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Gilat Satellite's net profit margin?

Gilat Satellite (GILT) had a net profit margin of 8.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Gilat Satellite's return on equity (ROE)?

Gilat Satellite (GILT) has a return on equity of 8.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Gilat Satellite's free cash flow?

Gilat Satellite (GILT) generated $25.1M in free cash flow during fiscal year 2024. This represents a 18.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Gilat Satellite's operating cash flow?

Gilat Satellite (GILT) generated $31.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Gilat Satellite's total assets?

Gilat Satellite (GILT) had $429.7M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Gilat Satellite's capital expenditures?

Gilat Satellite (GILT) invested $6.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Gilat Satellite spend on research and development?

Gilat Satellite (GILT) invested $38.1M in research and development during fiscal year 2024.

How many shares does Gilat Satellite have outstanding?

Gilat Satellite (GILT) had 57M shares outstanding as of fiscal year 2024.

What is Gilat Satellite's current ratio?

Gilat Satellite (GILT) had a current ratio of 2.52 as of fiscal year 2024, which is generally considered healthy.

What is Gilat Satellite's debt-to-equity ratio?

Gilat Satellite (GILT) had a debt-to-equity ratio of 0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gilat Satellite's return on assets (ROA)?

Gilat Satellite (GILT) had a return on assets of 5.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Gilat Satellite's Altman Z-Score?

Gilat Satellite (GILT) has an Altman Z-Score of 4.11, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Gilat Satellite's Piotroski F-Score?

Gilat Satellite (GILT) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Gilat Satellite's earnings high quality?

Gilat Satellite (GILT) has an earnings quality ratio of 1.27x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Gilat Satellite cover its interest payments?

Gilat Satellite (GILT) has an interest coverage ratio of 9.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Gilat Satellite?

Gilat Satellite (GILT) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.