Tearsheet

Gilat Satellite Networks (GILT)

Market Price (11/18/2025): $11.49 | Market Cap: $656.4 Mil
Sector: Information Technology | Industry: Communications Equipment

Gilat Satellite Networks (GILT)

Market Price (11/18/2025): $11.49
Market Cap: $656.4 Mil
Sector: Information Technology
Industry: Communications Equipment

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

Megatrend and thematic drivers
Megatrends include 5G & Advanced Connectivity, and Advanced Aviation & Space. Themes include Telecom Infrastructure, and Commercial Space Infrastructure.

Stock price has recently run up significantly
is 132%

0	Megatrend and thematic drivers Megatrends include 5G & Advanced Connectivity, and Advanced Aviation & Space. Themes include Telecom Infrastructure, and Commercial Space Infrastructure.
1	Stock price has recently run up significantly 12M Rtn12 month market price return is 132%

Market Valuation & Key Metrics

	11/18/25	2024	2023	2022	2021
Share Price CYE	$11.49	$6.15	$6.11	$5.80	$7.07
Market Cap CYE ($ Mil)	656.4	350.7	347.2	328.3	399.7
Total Debt ($ Mil)	66.0	8.6	14.9	3.8	4.1
Total Cash ($ Mil)	64.9	119.4	104.0	86.6	84.0
Enterprise Value ($ Mil)	657.5	359.3	362.1	332.1	403.8
Valuation Ratios
P/S TTM	1.9	1.1	1.3	1.4	1.9
P/EBIT TTM	26.8	11.8	12.2	46.0	868.8
P/E TTM	29.3	14.1	14.7	-55.4	-131.5
Sector Ratios
P/S TTM (Sector)	3.0	3.1	2.8	2.5	4.6
P/EBIT TTM (Sector)	1.3	-0.0	-0.1	-0.5	2.4
P/E TTM (Sector)	-0.2	-0.3	-0.4	-0.5	0.1

	11/18/25	2024	2023
Share Price CYE	$11.49	$6.15	$6.11
Market Cap CYE ($ Mil)	656.4	350.7	347.2
Total Debt ($ Mil)	66.0	8.6	14.9
Total Cash ($ Mil)	64.9	119.4	104.0
Enterprise Value ($ Mil)	657.5	359.3	362.1
Valuation Ratios
P/S TTM	1.9	1.1	1.3
P/EBIT TTM	26.8	11.8	12.2
P/E TTM	29.3	14.1	14.7
Sector Ratios
P/S TTM (Sector)	3.0	3.1	2.8
P/EBIT TTM (Sector)	1.3	-0.0	-0.1
P/E TTM (Sector)	-0.2	-0.3	-0.4

	GILT	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	0.3
Rev Chg Q	37.0%	7.1%
Rev Chg LTM	19.7%	6.1%
Rev Chg 3Y Avg	16.1%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.0
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	3.7%	18.8%
CFO/Rev LTM	8.4%	20.5%
Net Inc Mgn	6.4%	13.1%
VALUATION	HIGH
P/S	1.9	3.1
P/CFO	22.2	15.1
P/FCF	30.8	19.7
P/E	29.3	23.1
STABILITY	VERY GOOD
Debt/Equity	0.10	0.21
Cash/Assets	0.11	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Order Backlog	exceeds $210 million	9272025	Link
Number of aircraft flying with the Gilat antenna	approximately 225	8062025	Link

GILT Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points for why Gilat Satellite Networks (GILT) stock moved by approximately 55.7% from July 31, 2025, to November 18, 2025:

1. Strong Third Quarter 2025 Financial Results and Raised Guidance: Gilat reported robust third-quarter 2025 results on November 12, 2025, with revenues surging 58% year-over-year to $117.7 million and adjusted EBITDA increasing to $15.6 million. The company exceeded analyst expectations for both earnings per share ($0.19 versus $0.11 consensus) and revenue ($117.7 million versus $113.2 million consensus). Following this strong performance, Gilat raised the midpoint of its full-year 2025 revenue guidance to between $445 million and $455 million, and adjusted EBITDA guidance to between $51 million and $53 million. This significantly boosted investor confidence, leading to a pre-market stock jump.

2. Significant Orders for SkyEdge IV Multi-Orbit Platform: On October 15, 2025, Gilat announced receiving $42 million in orders from a major global satellite operator for its SkyEdge IV multi-orbit platform. These systems are slated for delivery over the next year, reinforcing Gilat's position in powering broadband connectivity across various satellite networks (GEO, MEO, and LEO).

3. Increased Orders for Transportable SATCOM Terminals from the U.S. Army: Gilat's subsidiary, Gilat DataPath, secured orders exceeding $7 million on September 30, 2025, to provide additional Transportable SATCOM Terminals to the U.S. Army through a prime contractor. These orders for combat-tested DKET 3421 terminals, with deliveries scheduled for completion by the end of 2025, highlighted the continued demand for Gilat's defense technology.

4. Major Digital Inclusion Agreement in Peru and Other Wins: Gilat continued to expand its presence in Peru, securing an additional $25 million agreement on August 26, 2025, to advance digital inclusion. This built upon earlier awards, including a $60 million contract from Pronatel to upgrade regional broadband infrastructure, as highlighted during the Q2 2025 earnings call. These contracts contribute to recurring revenues and demonstrate Gilat's growing market leadership in providing satellite-based broadband communications.

5. Successful $66 Million Private Placement: On September 9, 2025, Gilat announced a private placement of US$66 million to institutional and accredited investors. This move demonstrated strong investor confidence in Gilat's strategic direction and financial performance, providing additional capital to fuel its next phase of growth and strategic initiatives.

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Stock Movement Drivers

Fundamental Drivers

The 33.9% change in GILT stock from 8/18/2025 to 11/17/2025 was primarily driven by a 33.9% change in the company's P/E Multiple.

	8182025	11172025	Change
Stock Price ($)	8.70	11.65	33.91%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	349.75	349.75	0.00%
Net Income Margin (%)	6.41%	6.41%	0.00%
P/E Multiple	22.17	29.69	33.91%
Shares Outstanding (Mil)	57.12	57.12	0.00%
Cumulative Contribution			33.91%

LTM = Last Twelve Months as of date shown

Market Drivers

8/18/2025 to 11/17/2025

	Return	Correlation
GILT	33.9%
Market (SPY)	3.5%	48.7%
Sector (XLK)	6.5%	49.8%

Fundamental Drivers

The 94.5% change in GILT stock from 5/19/2025 to 11/17/2025 was primarily driven by a 48.3% change in the company's Net Income Margin (%).

	5192025	11172025	Change
Stock Price ($)	5.99	11.65	94.49%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	321.41	349.75	8.82%
Net Income Margin (%)	4.32%	6.41%	48.32%
P/E Multiple	24.60	29.69	20.69%
Shares Outstanding (Mil)	57.04	57.12	-0.15%
Cumulative Contribution			94.49%

LTM = Last Twelve Months as of date shown

Market Drivers

5/19/2025 to 11/17/2025

	Return	Correlation
GILT	94.5%
Market (SPY)	12.2%	47.3%
Sector (XLK)	21.1%	47.7%

Fundamental Drivers

The 131.6% change in GILT stock from 11/17/2024 to 11/17/2025 was primarily driven by a 71.1% change in the company's P/E Multiple.

	11172024	11172025	Change
Stock Price ($)	5.03	11.65	131.61%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	302.93	349.75	15.45%
Net Income Margin (%)	5.46%	6.41%	17.45%
P/E Multiple	17.35	29.69	71.13%
Shares Outstanding (Mil)	57.02	57.12	-0.19%
Cumulative Contribution			131.61%

LTM = Last Twelve Months as of date shown

Market Drivers

11/17/2024 to 11/17/2025

	Return	Correlation
GILT	131.6%
Market (SPY)	14.7%	46.4%
Sector (XLK)	24.6%	49.5%

Fundamental Drivers

The 101.2% change in GILT stock from 11/18/2022 to 11/17/2025 was primarily driven by a 575.7% change in the company's Net Income Margin (%).

	11182022	11172025	Change
Stock Price ($)	5.79	11.65	101.21%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	234.24	349.75	49.31%
Net Income Margin (%)	0.95%	6.41%	575.67%
P/E Multiple	147.51	29.69	-79.87%
Shares Outstanding (Mil)	56.61	57.12	-0.91%
Cumulative Contribution			101.19%

LTM = Last Twelve Months as of date shown

Market Drivers

11/18/2023 to 11/17/2025

	Return	Correlation
GILT	82.0%
Market (SPY)	51.1%	39.8%
Sector (XLK)	57.1%	38.2%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
GILT Return	-12%	18%	-18%	5%	1%	89%	71%
Peers Return	-1%	22%	-10%	-12%	-7%	51%	34%
S&P 500 Return	16%	27%	-19%	24%	23%	13%	107%
Monthly Win Rates [3]
GILT Win Rate	50%	42%	50%	42%	58%	60%
Peers Win Rate	23%	37%	20%	27%	32%	59%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
GILT Max Drawdown	-38%	0%	-29%	-21%	-33%	-11%
Peers Max Drawdown	-28%	-1%	-16%	-25%	-25%	-19%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: VSAT, ADTN, FIEE, SYNX, CSCO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/17/2025 (YTD)

How Low Can It Go

Unique Key	Event	GILT	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-78.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	365.1%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-52.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	111.7%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	313 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-31.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	46.9%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	91 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-80.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	408.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	4410 days	1480 days

Compare to VSAT, ADTN, FIEE, SYNX, CSCO

In The Past

Gilat Satellite Networks's stock fell -78.5% during the 2022 Inflation Shock from a high on 2/12/2021. A -78.5% loss requires a 365.1% gain to breakeven.

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About Gilat Satellite Networks (GILT)

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Israel and internationally. It operates through Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects segments. The company offers end-to-end VSAT network, including VSAT terminals and a network management system, as well as SkyEdge IV and SkyEdge II-c platforms; and satellite-on-the-move terminals for air, sea, and land platforms. It also provides ER6000- A and AEROEDGE 6000 for the satellite communication needs to in-flight connectivity service providers; MrineRay for maritime connectivity; and RaySat antennas to deliver critical data, voice, and video for real-time information flow, as well as electronically steered antenna system for broadband connectivity on mobile platforms. In addition, the company offers aerodynamic antenna systems for land vehicles and aircraft; SatTrooper, a manpack terminal for civilian and military operations; BlackRay SATCOM terminals for airborne missions; GLT1000 modem for connectivity across land, sea, and air; and MLT1000, a military-grade modem that provides broadband C4I satellite communications. Further, it offers block upconverters for satellite communication on-the-move applications, as well as fixed satellite operations. The company also provides managed services, such as installation and setup, network design and optimization, and network operation; service packages; support center services; and professional services, including project management and training, as well as cellular, mobility, Internet of Things, enterprise and broadband, and defense and government solutions. Gilat Satellite Networks Ltd. was incorporated in 1987 and is headquartered in Petah Tikva, Israel.

AI Generated Analysis | Feedback

Here are 1-2 brief analogies for Gilat Satellite Networks (GILT):

Gilat is like **Cisco, but for satellite ground infrastructure.**
Gilat is like **Ericsson or Nokia, but for satellite communication equipment.**

AI Generated Analysis | Feedback

Satellite Network Platforms & Ground Systems: Gilat develops and provides advanced Very Small Aperture Terminal (VSAT) network platforms, modems, transceivers, and antennas that form the core infrastructure for satellite communication.
In-Flight Connectivity (IFC) Solutions: The company offers comprehensive satellite-based systems to deliver high-speed broadband internet and communication services to commercial and business aircraft.
Cellular Backhaul & Rural Broadband Solutions: Gilat provides satellite-based solutions enabling mobile network operators to extend cellular coverage and offer broadband internet access to remote and underserved areas globally.
Managed Satellite Services: Gilat offers end-to-end operational management, monitoring, and support for satellite communication infrastructure, delivering reliable connectivity as a service to various enterprises and governments.

AI Generated Analysis | Feedback

Gilat Satellite Networks (GILT) sells primarily to other companies (Business-to-Business or B2B).

Based on Gilat's latest public filings (e.g., their 20-F annual report filed in March 2024 for the fiscal year ended December 31, 2023), the company explicitly states that no single customer accounted for 10% or more of its revenues in recent fiscal years (2023, 2022, and 2021). Therefore, Gilat does not publicly disclose specific "major customer" names that individually represent a significant portion of its revenue.

Instead, Gilat serves a diverse range of companies and organizations across various sectors. Its primary customer categories include:

Mobile Network Operators (MNOs): Companies that provide cellular and mobile internet services, often utilizing Gilat's solutions to extend coverage to remote or underserved areas.
Telecom and Internet Service Providers (ISPs): Companies that offer internet and voice services, using Gilat's technology for backhaul and access networks.
Satellite Operators: Companies that own and operate satellites, for whom Gilat provides ground segment infrastructure and managed services.
Government Entities and Defense Organizations: Various governmental bodies and military branches that require secure and reliable satellite communication for diverse applications.
System Integrators: Companies that build complex computing systems for clients, often incorporating Gilat's satellite communication components.
Multinational Companies: Enterprises that use Gilat's solutions for private networks, critical infrastructure, or remote operations (e.g., in energy, maritime, or humanitarian sectors).

While specific customer names are not disclosed due to revenue diversification, these categories represent the types of entities that utilize Gilat's satellite communication solutions and services globally.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

Adi Sfadia, Chief Executive Officer Mr. Adi Sfadia was appointed CEO in November 2020, having served as interim CEO since July 2020. Prior to this role, he served as Gilat's Chief Financial Officer for five years, from November 2015 to July 2020. Before joining Gilat, he held the position of CFO at Starhome Mach, a provider of products and services for the telecommunication mobile market, from 2013 to 2015. From 2008 to 2013, he was the CFO of Radvision Ltd, a provider of products and technologies for unified visual communications over IP, where he also served as Corporate Controller and Vice President of Finance from 2004 to 2008. He previously held various senior financial positions in Israeli private and public companies, and was a Senior Manager at Ernst & Young. Gil Benyamini, Chief Financial Officer Mr. Gil Benyamini was appointed CFO of Gilat in February 2022. Prior to joining Gilat, he served as CFO at Panaxia Pharmaceutical Industries from 2017 to 2021, where he was a key member of the management team that successfully led the company's RTO into the TASE and its equity and debt financing. He also held CFO roles at Walla Communications from 2009 to 2016 and at Exent Technologies from 2006 to 2009. Earlier in his career, Mr. Benyamini held finance positions at Tecnomatix Technologies and PwC. Amiram Boehm, Chairman of the Board Mr. Amiram Boehm was appointed Chairman of the Board on March 8, 2023. He has been a Partner in FIMI Opportunity Funds, Israel's largest group of private equity funds, since 2004. He also serves as the Managing Partner and Chief Executive Officer of FITE GP (2004) and holds directorships at several other companies. Gilad Landsberg, President, Gilat Defense Division Mr. Gilad Landsberg currently serves as the President of Gilat Defense Division. Prior to this role, he was Gilat's Chief Operations Officer. Before joining Gilat, he spent three years as Vice President, Head of the Tactical & MALE UAS Division of Aeronautics, a company focused on designing, developing, and manufacturing Unmanned Aerial Systems for global defense and HLS markets. Ron Levin, President, Gilat Commercial Division Mr. Ron Levin serves as President of Gilat Commercial Division. He has held various senior positions at Gilat, including Chief Commercial Officer and Chief Operations Officer. Before his tenure at Gilat, Mr. Levin headed Strategic Sales at ECI Telecom.

AI Generated Analysis | Feedback

The rapid deployment and increasing capabilities of Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) satellite constellations, such as Starlink (SpaceX), OneWeb (Eutelsat), and Amazon Kuiper, represent a clear emerging threat. These new constellations offer significantly lower latency and often higher bandwidth compared to traditional Geostationary (GEO) satellite systems, which Gilat's established solutions extensively utilize and are built upon. This shift is fundamentally altering the competitive landscape in key markets where Gilat operates, including cellular backhaul, broadband access, in-flight connectivity, and maritime. LEO/MEO providers are directly competing for customers in these segments, either by offering end-to-end services or by creating a new standard for satellite performance that existing GEO-based solutions may struggle to match without significant adaptation and investment, potentially eroding Gilat's market share and profitability if they cannot sufficiently pivot their technology and offerings.

AI Generated Analysis | Feedback

Gilat Satellite Networks (GILT) operates within several key addressable markets for its satellite-based broadband communication products and services. These include the broader satellite communication market, in-flight connectivity, defense and government solutions, and cellular backhaul.

Addressable Markets for Gilat Satellite Networks:

Global Satellite Communication (SATCOM) Market:
- The global satellite communication market was valued at approximately USD 92.15 billion in 2024 and is projected to reach USD 184.7 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 7.63% from 2025 to 2033.
- Another estimate places the global SATCOM market at USD 92.3 billion in 2024, expected to grow to USD 214.6 billion by 2034 with an 8.8% CAGR.
- North America is a significant regional market, holding over 42.9% of the global market share in 2024.
In-Flight Connectivity (IFC) Market:
- The global in-flight entertainment and connectivity market was valued at USD 5.57 billion in 2024 and is projected to reach USD 11.09 billion by 2033, with a CAGR of 7.55% from 2025-2033.
- Another report indicates the global in-flight entertainment and connectivity market was valued at USD 8.72 billion in 2024 and is projected to grow to USD 19.36 billion by 2032, exhibiting a CAGR of 10.5%.
- North America held the largest market share, at 39.8% in 2024, due to factors like strong airline competition and early adoption of advanced technologies.
Defense Satellite Communication Market:
- The global defense satellite communication market size was valued at approximately USD 5,732.5 million (USD 5.73 billion) in 2024 and is estimated to grow at a CAGR of 11.8% from 2024 to 2030, reaching USD 11,046.7 million (USD 11.05 billion) by 2030.
- Other estimates for the global satellite communication market in the defense sector include USD 3.52 billion in 2024, projected to grow to USD 41.45 billion by 2033 with a CAGR of 19.6%, and USD 15.12 billion in 2024, projected to reach USD 29.61 billion by 2034 with a CAGR of 6.95%.
- North America was the largest revenue-generating market in 2024. The U.S. military satellite market size was USD 4.23 billion in 2024 and is projected to surpass USD 8.29 billion by 2034.
Cellular Backhaul / Small Cell Satellite Backhaul Market:
- The global Small Cell Satellite Backhaul market was valued at USD 1,261.50 million in 2024 and is anticipated to reach USD 3,407.49 million by 2032, growing at a CAGR of 13.26%.
- Another source states the global satellite backhaul market size was USD 7.53 billion in 2024 and is expected to reach USD 44.57 billion by 2032, at a CAGR of 24.89%.
- North America holds a significant share, with the Small Cell Satellite Backhaul market in North America valued at USD 433.44 million in 2024, anticipated to reach USD 1,169.12 million by 2032. North America dominated the satellite backhaul market with 35.5% revenue share in 2024.
- The Asia-Pacific region is also a major player, dominating the satellite backhaul market with a 36.8% market share in 2020.

AI Generated Analysis | Feedback

Gilat Satellite Networks (GILT) is poised for future revenue growth over the next 2-3 years, driven by several key factors:

Expansion in the Defense Sector: Gilat is experiencing significant momentum in the defense sector, securing contracts with entities like the U.S. Department of Defense and the Israeli Ministry of Defense. This growth is bolstered by the strategic acquisition of DataPath, enhancing Gilat's offerings in mission-critical SATCOM solutions and benefiting from increased defense budgets globally.
Growth in In-Flight Connectivity (IFC): The acquisition of Stellar Blu Solutions is a major catalyst for Gilat's expansion in the lucrative in-flight connectivity market for commercial and business aviation. New products, such as the Wavestream Aerostream BUCs and the Sidewinder Electronically Steered Antenna (ESA), are being deployed in next-generation IFC solutions, with deliveries expected over the coming years.
Adoption of Next-Generation Satellite Technology and Platforms: The company's SkyEdge IV platform is a crucial driver, designed for multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites. Gilat is actively developing ground segment systems for next-generation LEO constellations and has secured substantial orders for its SkyEdge IV platform, indicating strong market acceptance for its advanced satellite networking solutions.
Geographic Expansion and Digital Inclusion Initiatives: Gilat is strategically focusing on geographic expansion and participating in digital inclusion projects, particularly in underserved regions. Recent contract wins for rural connectivity in Latin America and significant orders for projects in Peru underscore its commitment to expanding broadband access globally, thereby opening new revenue streams.

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Share Issuance

In September 2025, Gilat completed a private placement to Israeli institutional and accredited investors, issuing 7,058,820 Ordinary Shares at $9.35 per share.
This private placement raised approximately $65.0 million in net proceeds, which are intended for general corporate purposes.
The newly issued shares represented approximately 11% of the company's issued and outstanding Ordinary Shares after the transaction.

Inbound Investments

Gilat received approximately $65.0 million in net proceeds from a private placement in September 2025, with shares issued to Israeli institutional and accredited investors.

Outbound Investments

Gilat acquired DataPath, an acquisition that contributed to revenue growth in Q3 2024.
In January 2025, Gilat acquired Stellar Blu Solutions, using $60 million from a $100 million bank credit facility for the acquisition.
Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu are noted as wholly-owned subsidiaries, reflecting strategic acquisitions by the company.

Capital Expenditures

A significant focus of capital allocation is directed towards the ongoing development and expansion of the multi-orbit SkyEdge IV platform.
The company is investing in advancing major projects, including the transformation of SkyEdge IV to the cloud and the development of ground segment systems for next-generation LEO constellations.
Capital is allocated to the development of innovative products and solutions within defense SATCOM to meet growing market demand.

Better Bets than Gilat Satellite Networks (GILT)

	GILT	Better Performance than GILT
Metric	Value	Industry (Communications Equipment)
Rev Chg LTM	19.7%	ANET (27.8%), UI (36.8%), LITE (33.6%), ASTS (249.4%), IDCC (28.8%)
Rev Chg 3Y Avg	16.1%	ANET (29.4%), UI (17.5%), ASTS (35.3%), IDCC (27.1%), VSAT (26.8%)
Op Mgn LTM	3.7%	CSCO (22.1%), ANET (42.9%), MSI (25.1%), NOK (3.7%), UI (33.7%)
CFO/Rev LTM	8.4%	CSCO (25.1%), ANET (49.0%), MSI (23.5%), NOK (9.6%), UI (21.9%)
FCF/Rev LTM	6.1%	CSCO (23.5%), ANET (47.9%), MSI (21.5%), NOK (6.5%), UI (21.4%)
Total Yield	3.4%	CSCO (5.4%), MSI (4.5%), ERIC (76.8%), FFIV (5.1%), IDCC (6.3%)

	GILT	Better Performance than GILT
Metric	Value	Sector (Information Technology)
Rev Chg LTM	19.7%	NVDA (71.6%), AVGO (28.0%), PLTR (47.2%), AMD (31.8%), MU (48.9%)
Rev Chg 3Y Avg	16.1%	NVDA (92.0%), AVGO (24.0%), PLTR (29.3%), MU (20.3%), APP (36.0%)
Op Mgn LTM	3.7%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), AVGO (39.0%), ORCL (31.6%)
CFO/Rev LTM	8.4%	NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), AVGO (42.4%), ORCL (36.5%)
FCF/Rev LTM	6.1%	NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), AVGO (41.6%), PLTR (46.0%)
Total Yield	3.4%	MSFT (3.4%), CSCO (5.4%), IBM (5.1%), CRM (3.5%), LRCX (3.7%)

	GILT	Better Performance than GILT
Metric	Value	All Other Sectors
Rev Chg LTM	19.7%	META (21.3%), LLY (36.8%), ISRG (22.2%), SCHW (22.3%), BSX (21.6%)
Rev Chg 3Y Avg	16.1%	META (17.3%), BRK-B (19.8%), LLY (23.4%), ISRG (16.3%), UBER (19.6%)
Op Mgn LTM	3.7%	GOOGL (32.2%), AMZN (11.4%), META (43.2%), TSLA (5.1%), LLY (43.0%)
CFO/Rev LTM	8.4%	GOOGL (39.3%), AMZN (18.1%), META (56.8%), TSLA (16.5%), BRK-B (9.8%)
FCF/Rev LTM	6.1%	GOOGL (19.1%), META (23.7%), TSLA (7.1%), XOM (8.8%), MA (52.5%)
Total Yield	3.4%	GOOGL (3.9%), META (4.2%), BRK-B (6.2%), JPM (7.0%), WMT (3.5%)

		Best Bets In Information Technology Sector
	GILT	VRSN	APP	NVDA	ANET	RMBS	GEN	IDCC	DBX	YOU	MPWR
What You Pay
P/E	29.7	28.7	64.5	52.5	47.7	42.9	28.2	17.6	15.4	18.7	22.7
P/EBIT	27.2	20.7	55.8	45.1	44.2	36.5	10.0	14.3	12.6	20.4	62.1
What You Get
Rev Chg Q	37.0%	7.3%	68.2%	55.6%	27.5%	22.7%	25.3%	28.0%	-0.7%	15.5%	18.9%
Rev Chg LTM	19.7%	5.5%	86.4%	71.6%	27.8%	31.0%	16.2%	28.8%	-0.4%	17.8%	30.5%
Rev Chg 3Y Avg	16.1%	5.2%	36.0%	92.0%	29.4%	17.3%	16.5%	27.1%	3.4%	31.0%	17.2%
FCF/Rev 3Y Avg	5.9%	57.4%	42.6%	41.3%	41.0%	39.3%	36.7%	54.2%	33.4%	32.5%	28.6%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Is Gilat Satellite Networks Stock Built to Withstand More Downside?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to GILT. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield	10312025	ZBRA	Zebra Technologies	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-10.7%	-10.7%	-10.7%
ACN_10312025_Dip_Buyer_ValueBuy	10312025	ACN	Accenture	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.0%	-2.0%	-3.5%
ADBE_10312025_Dip_Buyer_ValueBuy	10312025	ADBE	Adobe	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.7%	-2.7%	-3.9%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper	10312025	TXN	Texas Instruments	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-1.3%	-1.3%	-1.3%
MRVL_10242025_Monopoly_xInd_xCD_Getting_Cheaper	10242025	MRVL	Marvell Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.8%	2.8%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield	10312025	ZBRA	Zebra Technologies	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-10.7%	-10.7%	-10.7%
ACN_10312025_Dip_Buyer_ValueBuy	10312025	ACN	Accenture	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.0%	-2.0%	-3.5%
ADBE_10312025_Dip_Buyer_ValueBuy	10312025	ADBE	Adobe	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.7%	-2.7%	-3.9%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper	10312025	TXN	Texas Instruments	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-1.3%	-1.3%	-1.3%
MRVL_10242025_Monopoly_xInd_xCD_Getting_Cheaper	10242025	MRVL	Marvell Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.8%	2.8%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
SGML	Sigma Lithium	0.9	32.3%	-28.5%
ZYME	Zymeworks	1.8	29.0%	63.3%
VSTM	Verastem	0.6	21.1%	77.0%
JAZZ	Jazz Pharmaceuticals	10.4	20.6%	38.1%
EYPT	EyePoint Pharmaceuticals	0.9	13.4%	76.3%
PRME	Prime Medicine	0.5	13.4%	30.8%
TERN	Terns Pharmaceuticals	2.3	13.3%	361.4%
TMQ	Trilogy Metals	0.7	13.1%	243.1%
NUVL	Nuvalent	7.8	11.9%	38.0%
FULC	Fulcrum Therapeutics	0.6	11.6%	105.3%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AIRS	AirSculpt Technologies	0.2	-23.8%	-19.7%
VENU	Venu	0.3	-21.4%	-5.1%
ROCK	Gibraltar Industries	1.4	-20.3%	-20.0%
LB	LandBridge	1.5	-17.0%	-3.8%
ECX	ECARX	0.6	-16.0%	-15.2%
CSIQ	Canadian Solar	1.9	-15.2%	156.0%
FLY	Firefly Aerospace	2.7	-15.1%
DEFT	DeFi Technologies	0.3	-14.6%
UP	Wheels Up Experience	0.7	-13.9%	-43.6%
STUB	Stubhub	4.2	-13.8%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LXP	LXP Industrial Trust	13.4	383.2%	18.4%
CDTX	Cidara Therapeutics	3.4	110.0%	710.7%
MH	McGraw Hill	2.9	38.2%
KALV	KalVista Pharmaceuticals	0.8	36.5%	75.4%
TERN	Terns Pharmaceuticals	2.3	33.7%	361.4%
SGML	Sigma Lithium	0.9	33.2%	-28.5%
ZYME	Zymeworks	1.8	32.4%	63.3%
JAZZ	Jazz Pharmaceuticals	10.4	27.7%	38.1%
REAL	RealReal	1.6	26.5%	29.7%
FULC	Fulcrum Therapeutics	0.6	25.8%	105.3%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
AVXL	Anavex Life Sciences	0.3	-44.8%	-66.7%
DEFT	DeFi Technologies	0.3	-40.3%
BTDR	Bitdeer Technologies	2.1	-39.8%	-50.9%
ARDT	Ardent Health	1.2	-39.4%	-51.5%
WYFI	Whitefiber	0.7	-37.2%
NKLR	Terra Innovatum Global	0.3	-35.0%
AIRS	AirSculpt Technologies	0.2	-34.2%	-19.7%
CTEV	Claritev	0.6	-34.1%
PSFE	Paysafe	0.4	-33.7%	-60.5%
STUB	Stubhub	4.2	-33.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TERN	Terns Pharmaceuticals	2.3	203.9%	361.4%
VTYX	Ventyx Biosciences	0.7	142.3%	333.8%
CDTX	Cidara Therapeutics	3.4	114.6%	710.7%
INBX	Inhibrx Biosciences	1.2	107.7%	402.3%
COGT	Cogent Biosciences	3.9	105.9%	332.7%
CSIQ	Canadian Solar	1.9	95.1%	156.0%
REPL	Replimune	0.8	94.9%	-27.6%
MBX	MBX Biosciences	0.9	93.7%	39.0%
SNDK	SanDisk	38.6	89.7%
CELC	Celcuity	4.0	77.5%	604.6%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
NKLR	Terra Innovatum Global	0.3	-69.1%
NTLA	Intellia Therapeutics	0.9	-65.7%	-27.3%
SOC	Sable Offshore	0.4	-63.0%	-80.9%
ASPN	Aspen Aerogels	0.3	-61.5%	-74.2%
AVXL	Anavex Life Sciences	0.3	-60.1%	-66.7%
CCOI	Cogent Communications	0.9	-57.4%	-74.4%
LRN	Stride	2.7	-56.7%	-39.6%
FMC	FMC	1.6	-56.0%	-72.1%
BTDR	Bitdeer Technologies	2.1	-55.7%	-50.9%
METC	Ramaco Resources	1.1	-54.7%	105.2%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
SGML	Sigma Lithium	0.9	32.3%	-28.5%
ZYME	Zymeworks	1.8	29.0%	63.3%
VSTM	Verastem	0.6	21.1%	77.0%
JAZZ	Jazz Pharmaceuticals	10.4	20.6%	38.1%
EYPT	EyePoint Pharmaceuticals	0.9	13.4%	76.3%
PRME	Prime Medicine	0.5	13.4%	30.8%
TERN	Terns Pharmaceuticals	2.3	13.3%	361.4%
TMQ	Trilogy Metals	0.7	13.1%	243.1%
NUVL	Nuvalent	7.8	11.9%	38.0%
FULC	Fulcrum Therapeutics	0.6	11.6%	105.3%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AIRS	AirSculpt Technologies	0.2	-23.8%	-19.7%
VENU	Venu	0.3	-21.4%	-5.1%
ROCK	Gibraltar Industries	1.4	-20.3%	-20.0%
LB	LandBridge	1.5	-17.0%	-3.8%
ECX	ECARX	0.6	-16.0%	-15.2%
CSIQ	Canadian Solar	1.9	-15.2%	156.0%
FLY	Firefly Aerospace	2.7	-15.1%
DEFT	DeFi Technologies	0.3	-14.6%
UP	Wheels Up Experience	0.7	-13.9%	-43.6%
STUB	Stubhub	4.2	-13.8%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LXP	LXP Industrial Trust	13.4	383.2%	18.4%
CDTX	Cidara Therapeutics	3.4	110.0%	710.7%
MH	McGraw Hill	2.9	38.2%
KALV	KalVista Pharmaceuticals	0.8	36.5%	75.4%
TERN	Terns Pharmaceuticals	2.3	33.7%	361.4%
SGML	Sigma Lithium	0.9	33.2%	-28.5%
ZYME	Zymeworks	1.8	32.4%	63.3%
JAZZ	Jazz Pharmaceuticals	10.4	27.7%	38.1%
REAL	RealReal	1.6	26.5%	29.7%
FULC	Fulcrum Therapeutics	0.6	25.8%	105.3%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
AVXL	Anavex Life Sciences	0.3	-44.8%	-66.7%
DEFT	DeFi Technologies	0.3	-40.3%
BTDR	Bitdeer Technologies	2.1	-39.8%	-50.9%
ARDT	Ardent Health	1.2	-39.4%	-51.5%
WYFI	Whitefiber	0.7	-37.2%
NKLR	Terra Innovatum Global	0.3	-35.0%
AIRS	AirSculpt Technologies	0.2	-34.2%	-19.7%
CTEV	Claritev	0.6	-34.1%
PSFE	Paysafe	0.4	-33.7%	-60.5%
STUB	Stubhub	4.2	-33.1%

Peer Comparisons for Gilat Satellite Networks

Financials

	GILT	VSAT	ADTN	FIEE	SYNX	CSCO	Median
Name	Gilat Sa.	Viasat	Adtran	FiEE	Silynxcom	Cisco Sy.
Mkt Price	11.65	33.36	7.33	1.66	1.47	77.78	9.49
Mkt Cap	0.7	4.4	0.6	-	-	308.1	2.5
Rev LTM	350	4,564	1,035	0	-	56,654	1,035
Op Inc LTM	13	-111	-37	-1	-	12,504	-1
FCF LTM	21	88	26	-1	-	13,288	26
FCF 3Y Avg	18	-493	-7	-1	-	14,178	-1
CFO LTM	30	1,016	90	-1	-	14,193	90
CFO 3Y Avg	28	728	49	-1	-	14,986	49

Growth & Margins

	GILT	VSAT	ADTN	FIEE	SYNX	CSCO	Median
Name	Gilat Sa.	Viasat	Adtran	FiEE	Silynxcom	Cisco Sy.
Rev Chg LTM	19.7%	-1.4%	14.3%	-99.5%	-	5.3%	5.3%
Rev Chg 3Y Avg	16.1%	26.8%	13.7%	-65.6%	-	3.4%	13.7%
Rev Chg Q	37.0%	4.0%	22.7%	-	-	7.6%	15.1%
QoQ Delta Rev Chg LTM	8.8%	1.0%	5.3%	35,994.4%	-	1.9%	5.3%
Op Mgn LTM	3.7%	-2.4%	-3.6%	-3,292.4%	-	22.1%	-2.4%
Op Mgn 3Y Avg	5.8%	-8.2%	-11.5%	-1,146.9%	-	24.5%	-8.2%
QoQ Delta Op Mgn LTM	0.6%	-0.3%	2.6%	1,197,542.8%	-	0.3%	0.6%
CFO/Rev LTM	8.4%	22.3%	8.7%	-1,599.2%	-	25.1%	8.7%
CFO/Rev 3Y Avg	9.4%	17.9%	5.3%	-535.9%	-	26.7%	9.4%
FCF/Rev LTM	6.1%	1.9%	2.5%	-1,599.2%	-	23.5%	2.5%
FCF/Rev 3Y Avg	5.9%	-14.7%	-0.1%	-536.4%	-	25.3%	-0.1%

Valuation

	GILT	VSAT	ADTN	FIEE	SYNX	CSCO	Median
Name	Gilat Sa.	Viasat	Adtran	FiEE	Silynxcom	Cisco Sy.
Mkt Cap	0.7	4.4	0.6	-	-	308.1	2.5
P/S	1.9	1.0	0.6	-	-	5.4	1.4
P/EBIT	27.2	-29.2	-17.4	-	-	24.3	3.5
P/E	29.7	-7.3	-6.6	-	-	30.3	11.5
P/CFO	22.6	4.3	6.5	-	-	21.7	14.1
Total Yield	3.4%	-13.6%	-15.1%	-	-	5.4%	-5.1%
Dividend Yield	0.0%	0.0%	0.0%	-	-	2.1%	0.0%
FCF Yield 3Y Avg	5.5%	-20.9%	-0.8%	-	-	6.4%	2.3%
D/E	0.1	1.6	0.4	-	-	0.1	0.3
Net D/E	0.0	1.3	0.3	-	-	0.0	0.1

Returns

	GILT	VSAT	ADTN	FIEE	SYNX	CSCO	Median
Name	Gilat Sa.	Viasat	Adtran	FiEE	Silynxcom	Cisco Sy.
1M Rtn	-15.0%	-6.5%	-18.9%	-32.2%	-11.4%	10.9%	-13.2%
3M Rtn	33.9%	21.8%	-17.0%	-42.2%	-14.5%	16.9%	1.2%
6M Rtn	94.5%	211.5%	-9.5%	-	-22.6%	23.2%	23.2%
12M Rtn	131.6%	350.8%	-5.4%	-	-43.9%	38.9%	38.9%
3Y Rtn	101.2%	-2.0%	-64.1%	-	-	77.7%	37.8%
1M Excs Rtn	-15.2%	-6.7%	-19.0%	-32.4%	-11.6%	10.8%	-13.4%
3M Excs Rtn	31.7%	23.8%	-18.7%	-45.0%	-16.6%	13.1%	-1.7%
6M Excs Rtn	82.6%	199.6%	-21.4%	-	-34.5%	11.3%	11.3%
12M Excs Rtn	122.5%	310.8%	-19.7%	-	-58.0%	23.3%	23.3%
3Y Excs Rtn	32.2%	-67.1%	-129.7%	-	-	17.3%	-24.9%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/6/2025	3/27/2025	3/20/2024	3/13/2023	5/16/2022	3/8/2021	3/23/2020
Key Financials
Total Revenue	350	305	266	240	215	166	257
EBITDA	41	43	42	19	11	46	35
Operating Income	13	18	19	11	3	-16	26
Net Income	22	25	24	-6	-3	35	37
EPS	0.39	0.44	0.41	-0.10	-0.05	0.63	0.67
Growth Rates
Total Revenue Growth	19.7%	14.8%	10.9%	11.6%	29.4%	-35.4%	-3.4%
EBITDA Growth	5.1%	3.4%	123.2%	63.7%	-75.3%	33.8%	12.7%
Operating Income Growth	-14.2%	-6.0%	72.3%	294.1%	117.9%	-161.0%	22.2%
Net Income Growth	12.8%	5.7%	496.5%	-95.5%	-108.6%	-4.8%	100.2%
Margins
EBITDA Margin	11.6%	14.2%	15.7%	7.8%	5.3%	27.9%	13.5%
Operating Income Margin	3.7%	5.9%	7.2%	4.7%	1.3%	-9.5%	10.1%
Net Income Margin	6.4%	8.1%	8.8%	-2.5%	-1.4%	21.1%	14.3%
Cash & Debt
Total Cash	65	119	104	87	84	89	75
Total Debt	66	9	15	4	4	9	13
Net Debt / (Cash)	1	-111	-89	-83	-80	-80	-61
Cash Flows
Net Cash from Operations	30	32	32	11	19	43	35
Free Cash from Operations	21	25	21	-2	10	38	27
Returns to Shareholders
Dividends	0	-0	-0	-0	35	20	25
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/6/2025	5/19/2025	3/27/2025	11/13/2024	8/7/2024	5/8/2024	3/20/2024	11/7/2023	8/8/2023	5/9/2023	3/13/2023	11/14/2022
Key Financials Quarterly
Total Revenue	105	92	78	75	77	76	76	64	68	59	73	60
Ebitda	12	1	18	10	7	9	7	16	9	10	6	7
Operating Income	6	-3	3	7	3	5	-6	13	5	7	7	4
Net Income	10	-6	12	7	1	5	3	10	4	6	-6	2
EPS	0.17	-0.11	0.21	0.12	0.02	0.09	0.06	0.18	0.08	0.10	-0.11	0.04
Key Financials TTM
Total Revenue TTM	350	321	305	303	292	283	266	263	260	247	240	234
Ebitda TTM	41	36	43	32	39	41	42	40	31	27	19	21
Operating Income TTM	13	10	18	9	15	18	19	32	23	19	11	11
Net Income TTM	22	14	25	17	20	23	24	14	6	2	-6	2
Growth Rates Quarterly
Total Revenue Growth	37.0%	21.0%	3.3%	16.7%	13.4%	29.0%	4.1%	5.9%	21.9%	14.7%	8.4%	21.2%
EBITDA Growth	75.0%	-86.9%	153.2%	-38.2%	-21.8%	-12.9%	26.9%	143.6%	85.9%	410.6%	-25.5%	98.0%
Operating Income Growth	103.7%	-151.0%	152.7%	-47.1%	-48.8%	-23.1%	-191.1%	244.9%	216.8%	961.5%	9.1%	370.7%
Net Income Growth	655.0%	-220.8%	241.3%	-32.8%	-69.9%	-11.0%	157.3%	378.9%	754.7%	320.2%	-382.6%	5957.1%
Margins Quarterly
EBITDA Margin	11.2%	1.3%	22.8%	13.3%	8.7%	11.6%	9.3%	25.2%	12.7%	17.2%	7.6%	11.0%
Operating Income Margin	5.4%	-3.0%	4.0%	9.0%	3.6%	7.1%	-7.9%	19.9%	8.1%	11.9%	9.0%	6.1%
Net Income Margin	9.4%	-6.5%	15.1%	9.1%	1.7%	6.5%	4.6%	15.9%	6.4%	9.5%	-8.3%	3.5%
Cash & Debt
Total Cash	65	64	119	110	94	104	104	100	-	89	87	68
Total Debt	66	67	9	9	7	12	15	4	0	4	4	4
Net Debt / (Cash)	1	3	-111	-100	-86	-92	-89	-96	-	-86	-83	-65
Cash Flows Quarterly
FCF from Operations	5	-7	16	15	-4	4	10	14	2	6	17	5
Cash Flows TTM
FCF from Operations TTM	30	21	32	25	24	30	32	39	30	24	11	-1
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	2.4%	-1.2%	1.4%	3.0%	0.6%	2.1%	-2.4%	5.0%	-	2.7%	3.1%	1.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	1.4%	0.7%	1.9%	0.9%	1.4%	1.8%	1.9%	1.8%	-	0.3%	1.3%	0.4%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Satellite Networks	169	120	115
Network Infrastructure and Services	51	58	50
Integrated Solutions	46	61	50
Fixed Networks				92	127
Mobility Solutions				54	105
Terrestrial Infrastructure Projects				19	32
Total	266	240	215	166	263

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Satellite Networks	36	5	4
Network Infrastructure and Services	-1	5	-2
Integrated Solutions	-7	1	1
Unallocated		-1	-1	54	-0
Fixed Networks				2	10
Mobility Solutions				-11	20
Terrestrial Infrastructure Projects				-7	-4
Total	28	10	2	38	26

Price Behavior

Price Behavior

Market Price	$11.65
Market Cap ($ Bil)	0.7
First Trading Date	03/26/1993
Distance from 52W High	-21.6%
	50 Days	200 Days
DMA Price	$12.95	$8.60
DMA Trend	up	up
Distance from DMA	-10.1%	35.5%
	3M	1YR
Volatility	56.2%	56.3%
Downside Capture	280.50	158.12
Upside Capture	387.43	222.38
Correlation (SPY)	48.8%	45.4%

GILT Betas & Captures as of 10/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.99	2.33	2.13	1.93	1.25	1.02
Up Beta	-0.05	0.02	0.60	1.48	0.95	0.86
Down Beta	0.84	0.82	1.01	1.46	1.12	1.11
Up Capture	394%	635%	612%	429%	398%	142%
Bmk +ve Days	14	27	37	74	145	425
Stock +ve Days	11	25	32	59	115	344
Down Capture	295%	263%	162%	157%	115%	101%
Bmk -ve Days	9	17	28	53	106	327
Stock -ve Days	12	19	33	64	128	382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of GILT With Other Asset Classes (Last 1Y)
	GILT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	106.2%	20.7%	12.6%	54.8%	4.2%	-2.7%	7.1%
Annualized Volatility	58.3%	27.4%	19.5%	19.7%	16.0%	17.7%	35.7%
Sharpe Ratio	1.45	0.66	0.48	2.10	0.07	-0.31	0.23
Correlation With Other Assets		47.3%	44.5%	8.5%	16.4%	24.4%	27.0%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of GILT With Other Asset Classes (Last 5Y)
	GILT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	17.5%	19.6%	15.0%	16.2%	12.8%	5.2%	43.8%
Annualized Volatility	50.4%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.50	0.72	0.71	0.84	0.56	0.19	0.71
Correlation With Other Assets		35.8%	36.7%	9.0%	10.2%	24.6%	20.8%

Based On 10-Year Data

		Comparison of GILT With Other Asset Classes (Last 10Y)
	GILT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	15.4%	21.9%	14.2%	13.5%	5.4%	5.5%	73.6%
Annualized Volatility	45.1%	24.2%	18.1%	14.8%	17.7%	20.9%	56.1%
Sharpe Ratio	0.48	0.83	0.68	0.75	0.23	0.24	0.93
Correlation With Other Assets		35.1%	37.0%	7.4%	15.3%	30.4%	12.5%

Short Interest

Short Interest: As Of Date	10312025
Short Interest: Shares Quantity	2,625,929
Short Interest: % Change Since 10152025	11.2%
Average Daily Volume	758,163
Days-to-Cover Short Interest	3.46
Basic Shares Quantity	57,124,568
Short % of Basic Shares	4.6%

Returns Analyses

	Title
0	Is Gilat Satellite Networks Stock Built to Withstand More Downside?

SEC Filings

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Report Date	Filing Date	Filing
6302025	8062025	6-K 6/30/2025
3312025	5192025	6-K 3/31/2025
12312024	3272025	20-F 12/31/2024
9302024	11132024	6-K 9/30/2024
6302024	8072024	6-K 6/30/2024
3312024	5082024	6-K 3/31/2024
12312023	3202024	20-F 12/31/2023
9302023	11072023	6-K 9/30/2023
6302023	8082023	6-K 6/30/2023
3312023	5092023	6-K 3/31/2023
12312022	3132023	20-F 12/31/2022
9302022	11142022	6-K 9/30/2022
6302022	8092022	6-K 6/30/2022
3312022	5232022	6-K 3/31/2022
12312021	5162022	20-F 12/31/2021
9302021	11092021	6-K 9/30/2021

Insider Activity

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External Quote Links

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2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Gilat Satellite Networks (GILT)

Market Price (11/18/2025): $11.49 | Market Cap: $656.4 MilSector: Information Technology | Industry: Communications Equipment

Gilat Satellite Networks (GILT)

Market Price (11/18/2025): $11.49Market Cap: $656.4 MilSector: Information TechnologyIndustry: Communications Equipment

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Market Price (11/18/2025): $11.49 | Market Cap: $656.4 Mil
Sector: Information Technology | Industry: Communications Equipment

Market Price (11/18/2025): $11.49
Market Cap: $656.4 Mil
Sector: Information Technology
Industry: Communications Equipment