EchoStar Corp (ECHO)

EchoStar Corporation provides pay-tv services in the United States, Mexico, Canada, South and Central America, Asia, Africa, Australia, Europe, India, and the Middle East. The Pay-TV segment offers a direct broadcast and fixed satellite, owned and leased satellites, leased fiber optic networks, in-home services, and call center operation services; digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; multichannel, live-linear and on-demand streaming over-the-top Internet-based domestic, international, Latino, and Freestream video programming services; and receiver systems. Its Wireless segment provides wireless communication services and products; and a range of wireless devices. The Broadband and Satellite Services offers broadband satellite technologies, and internet products and services to consumer customers, including home and small to medium-sized businesses; managed services, equipment, hardware, satellite services, and communications solutions to government and enterprise customers, as well as to the unserved and underserved consumer, enterprise, aeronautical, and government markets; and integrated multi-transport solutions that enable airline and airline service providers to deliver in-flight network connectivity. This segment also designs, provides, and installs gateway and terminal equipment to customers for other satellite systems; and designs, develops, constructs, and provides telecommunication networks comprising satellite ground segment systems and terminals to mobile system operators and enterprise customers. Its Other segment consists of 5G network and 5G network deployment operations. The company sells its products and services under the Boost Mobile, DISH, Gen Mobile, Hughes, Hughesnet, and Sling brands. The company was formerly known as EchoStar Holding Corporation. EchoStar Corporation was founded in 1980 and is headquartered in Englewood, Colorado.

Symbol
ECHO
Exchange
Nasdaq
Sector
Communication Services
Industry
Telecom Services
Market cap
$26.90B
52 week range
65.76 - 147.25

Valuation

Share price
$92.72 (close of 2026-09-23)
P/E (TTM)
-4.64x
Price to book
1.89x
Price to free cash flow
-37.10x
Enterprise value
$44.01B
Book value per share
$48.95

Price performance

PeriodChange
1 day-2.77%
5 days+0.67%
1 month+6.81%
3 months-10.78%
6 months-15.32%
Year to date-14.70%
1 year+25.91%
3 years+418.57%
5 years+255.65%
10 years+178.61%
All time+251.08%

Profitability and growth

Return on equity
-249.44%
Return on invested capital
-39.17%
Return on assets
-33.70%
Return on capital employed
-57.82%
Net margin
-96.62%
EBITDA margin
-107.55%
Revenue growth
-5.18%
Net income growth
-12026.86%
Free cash flow growth
-264.54%

Cash flow and balance sheet

Free cash flow yield (TTM)
-2.70%
Current ratio
5.20x
Net debt to EBITDA
-3.05x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$15.00B
EBITDA
$-16.14B
Net income
$-14.50B
Earnings per share
$-50.41
Research and development
$68.00M
Shares outstanding
287.59M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$15.00B-$-14.50B$-50.41
2024-12-31$15.83B$2.21B$-119.55M$-0.44
2023-12-31$17.02B$2.82B$-1.70B$-6.28
2022-12-31$18.63B$5.36B$2.54B$9.17
2021-12-31$19.82B$6.20B$2.52B$9.04
2020-12-31$1.89B$616.83M$-51.90M$-0.41
2019-12-31$1.89B$607.96M$-62.92M$-0.65
2018-12-31$1.76B$499.80M$-40.48M$-0.42
2017-12-31$1.53B$1.31B$392.56M$4.13
2016-12-31$1.81B$1.61B$179.93M$1.57

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-31--96.62%-249.44%-39.17%
2024-12-3113.99%-0.76%-0.59%-0.66%
2023-12-3116.58%-10.00%-8.53%-0.32%
2022-12-3128.75%13.61%11.75%3.20%
2021-12-3131.28%12.72%13.28%12.91%
2020-12-3132.67%-2.75%-0.30%0.46%
2019-12-3132.23%-3.34%-1.68%1.11%
2018-12-3128.35%-2.30%-0.97%0.45%
2017-12-3186.09%25.74%9.40%0.60%
2016-12-3188.73%9.94%4.49%4.50%

Cash and debt by year

Period endCashDebt
2025-12-31$1.88B-
2024-12-31$4.31B-
2023-12-31$1.82B-
2022-12-31$2.50B$1.50B
2021-12-31$535.89M$1.50B
2020-12-31$896.00M$1.50B
2019-12-31$1.52B$2.39B
2019-01-01$928.31M$3.30B
2018-12-31$928.31M$3.30B
2018-01-01$2.43B$3.37B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-1.07B$36.27M
2024-12-31$-292.18M$36.38M
2023-12-31$-668.27M$51.51M
2022-12-31$570.72M$82.99M
2021-12-31$3.04B$59.38M
2020-12-31$125.59M$8.89M
2019-12-31$237.74M$9.35M
2018-12-31$179.38M$9.99M
2017-12-31$143.68M$10.10M
2016-12-31$81.00M$15.23M

Investor relations

Next earnings report

Next confirmed report
2026-11-05

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-03Jun/2026-
2026-05-11--
2026-03-02--
2025-11-06--
2025-08-01--
2025-05-09--
2025-02-27--
2024-11-12--

Filings and sources

Company website
echostar.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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