EchoStar Corporation
ECHO Communication Services Telecom Services
EchoStar Corporation’s revenue for fiscal 2025 (year ended December 2025) was $15.0 billion, down 5.18% from fiscal 2024. Member of the S&P 500; insiders bought in the last twelve months.
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EchoStar Corporation (ECHO) Altman Z-score
EchoStar Corporation's Altman Z-score for fiscal 2025 is −0.80, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −0.80 | (1.45) |
| FY2024 | 0.65 | 0.07 |
| FY2023 | 0.58 | (0.27) |
| FY2022 | 0.84 | (6.40) |
| FY2021 | 7.24 | 6.20 |
| FY2020 | 1.05 | (0.51) |
| FY2019 | 1.55 | 0.53 |
| FY2018 | 1.02 | (0.34) |
| FY2017 | 1.36 | 0.11 |
| FY2016 | 1.25 | 0.06 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.17) | — | −0.20 | |
| Retained earnings / total assets | (0.07) | — | −0.09 | |
| EBIT / total assets | (0.41) | — | −1.36 | |
| Market value of equity / total liabilities | 0.84 | — | 0.50 | |
| Sales / total assets | 0.35 | — | 0.35 | |
| Altman Z-score | Distress zone | −0.80 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −3.93 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CHT Chunghwa Telecom Co., Ltd. compare | 5.7× |
| SKM SK Telecom Co., Ltd. compare | 2.2× |
| TIGO Millicom International Cellular SA compare | 1.2× |
| TELFY Telefonica SA compare | 0.8× |
| ORANY Orange compare | 0.8× |
| CHTR Charter Communications, Inc. compare | 0.6× |
| VOD Vodafone Group PLC compare | −0.7× |
| ECHO EchoStar Corporation | −0.8× |
| VIV Telefonica Brasil S.A. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on ECHO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement