Friday 30 October 2026 Export ECHO’s income statement to Excel — free account

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. In the quarter to June 2026, revenue fell 3.99%, EPS grew 2,851.9%, free cash flow grew 64.2% and total debt fell 34.1%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.

97.49 3.19 +3.38%

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Market cap: $28.4B
P/E: 0.0×
Fwd P/E: 3.6×
Dividend yield: —
F-score: 4/9
Altman Z: −0.80
Beneish M: −4.13
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

EchoStar Corporation (ECHO) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2022: revenue by segment, and margins
Pay-TV	12,505	67.11%
Wireless	4,180	22.43%
Broadband and Satellite Services	1,998	10.72%
Gross margin		34.47%
Operating margin		11.98%
Pre-tax margin		17.90%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Service and other revenue	14,024 93.46%	14,956 94.51%	16,146 94.89%	17,596 94.43%	18,598 93.84%	1,630 86.35%	1,553 82.34%	1,340 76.02%	—
Equipment sales and other revenue	981 6.54%	869 5.49%	870 5.11%	1,038 5.57%	1,220 6.16%	—	—	—	—
Equipment Product	—	—	—	—	—	110 5.83%	115 6.11%	120 6.79%	—
Services, Design, Development And Construction	—	—	—	—	—	89 4.69%	146 7.72%	86 4.87%	—
Services, Lease	—	—	—	—	—	52 2.76%	66 3.52%	217 12.33%	—
Product, Lease	—	—	—	—	—	7 0.37%	6 0.32%	—	—
Product	—	—	—	—	—	206	267	205	—
Services And Other Revenue	—	—	—	—	—	1,682	1,619	1,557	—
Revenue	15,005	15,826	17,016	18,634	19,819	1,888	1,886	1,763	1,525

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Services And Other Revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡
Product	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Pay-TV	12,505 67.11%	12,929 65.23%	—	—	—	—	—	—	—	—	—	—	—	—
Wireless	4,180 22.43%	4,897 24.71%	—	—	—	—	—	—	—	—	—	—	—	—
Broadband and Satellite Services	1,998 10.72%	1,986 10.02%	—	—	—	—	—	—	—	—	—	—	—	—
Other	—	74 0.37%	—	—	—	19 1.22%	14 0.79%	14 0.76%	11 0.33%	9 0.29%	32 1.01%	28 1.00%	18 0.75%	20 1.06%
Eliminations	—	(67) (0.34%)	—	—	—	—	—	—	—	—	—	—	—	—
Hughes Business	—	—	1,861 98.57%	1,853 98.23%	1,716 97.36%	1,476 96.79%	1,389 76.73%	1,345 72.74%	1,326 38.48%	1,218 37.11%	1,157 37.05%	676 24.47%	—	—
EchoStar Satellite Services Business	—	—	17 0.92%	16 0.86%	27 1.53%	30 1.99%	407 22.48%	490 26.49%	482 13.98%	327 9.96%	275 8.82%	278 10.06%	262 11.15%	174 9.12%
EchoStar Technologies Business	—	—	—	—	—	—	—	—	1,627 47.21%	1,730 52.72%	1,658 53.12%	1,781 64.48%	2,071 88.10%	1,710 89.81%
Other, not broken out	—	—	10 0.51%	17 0.91%	19 1.10%	—	—	—	—	—	—	—	—	—
Revenue	18,634	19,819	1,888	1,886	1,763	1,525	1,810	1,849	3,446	3,282	3,122	2,761	2,350	1,904

Operating income by segment $m, and margin

	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Pay-TV	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Broadband and Satellite Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wireless	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Eliminations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
North America	14,717 98.08%	15,509 98.00%	16,670 97.97%	18,244 97.91%	19,480 98.29%	1,584 83.89%	1,561 82.74%	1,490 84.55%	1,252 82.09%	1,567 86.53%	—	—	—	—	—	—	1,846 96.97%
Foreign	288 1.92%	317 2.00%	345 2.03%	390 2.09%	339 1.71%	—	—	—	—	—	—	—	—	—	—	—	—
All Other Geographic Segments	—	—	—	—	—	153 8.09%	200 10.58%	170 9.66%	183 12.01%	193 10.66%	253 13.68%	267 7.75%	247 7.52%	357 11.44%	216 7.82%	47 2.02%	58 3.03%
South And Central America	—	—	—	—	—	151 8.02%	126 6.68%	102 5.79%	90 5.90%	51 2.81%	—	—	—	—	—	—	—
United States	—	—	—	—	—	—	—	—	—	—	1,528 82.66%	2,959 85.86%	2,820 85.91%	2,404 77.01%	2,229 80.74%	2,011 85.55%	—
North America Other Than U S	—	—	—	—	—	—	—	—	—	—	68 3.66%	220 6.39%	216 6.57%	361 11.55%	316 11.45%	292 12.43%	—
Revenue	15,005	15,826	17,016	18,634	19,819	1,888	1,886	1,763	1,525	1,810	1,849	3,446	3,282	3,122	2,761	2,350	1,904

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Remaining performance obligations	Q2 FY2026	$1.3B	$1.6B	−18.75%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.