The business behind the dividend
| Measure | GILT | Median | Formula |
|---|---|---|---|
| Return on equity | -1.2% | 11.7% | Net income ÷ shareholders’ equity |
| Return on capital employed | 0.9% | 10.1% | Operating income ÷ (equity + total debt) |
| Owner earnings | $-975.00k | $632.00m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $9.97m | $746.10m | Operating cash flow − capital expenditure |
| Operating margin | 1.0% | 15.0% | Operating income ÷ revenue |
| Net margin | -1.4% | 10.2% | Net income ÷ revenue |
| Debt to equity | 0.00x | 0.79x | Total debt ÷ shareholders’ equity |
| Interest cover | 0.82x | 4.43x | Operating income ÷ interest expense |
| Current ratio | 1.84x | 1.25x | Current assets ÷ current liabilities |
| Long-term debt to working capital | — | — | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
Not computed here: Cash conversion, Long-term debt to working capital — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 4.1% | 8.2% | 8.6% | -2.4% | -1.2% | 14.0% | 13.7% | 7.2% | 3.1% | -2.5% | 4.1% |
| Return on capital employed | 4.7% | 9.0% | 10.2% | 4.1% | 0.9% | 14.6% | 9.2% | 7.8% | 4.5% | 0.3% | 4.7% |
| Operating margin | 5.2% | 9.1% | 10.6% | 4.1% | 1.0% | 22.7% | 10.1% | 8.0% | 3.8% | 0.3% | 5.2% |
| Net margin | 4.6% | 8.1% | 8.8% | -2.5% | -1.4% | 21.1% | 14.3% | 6.9% | 2.4% | -1.9% | 4.6% |
| Debt to equity | 0.00x | 0.01x | 0.01x | 0.00x | 0.00x | 0.03x | 0.05x | 0.07x | 0.10x | 0.12x | 0.01x |
| Current ratio | 1.82x | 2.52x | 1.90x | 1.71x | 1.84x | 1.61x | 1.85x | 1.75x | 1.61x | 1.63x | 1.75x |
| Cash conversion | 1.00x | 1.27x | 1.36x | — | — | 1.23x | 0.94x | 1.74x | -2.53x | — | 1.23x |
How it compares in technology
Among the 42 technology companies here measured on free cash flow, Gilat Satellite Networks pays out less than 0 of them. The median for that group is 28.6%, against this company’s 351.1%.
Closest on free cash flow
- Kulicke & Soffa Industries (KLIC) 56.1%
- Hewlett Packard Enterprise (HPE) 109.1%
- Texas Instruments (TXN) 192.0%
- CCC Intelligent Solutions Holdings (CCC) 302.4%
Same sector and same denominator, so the figures are comparable. All 46 in technology →