Saturday 17 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.

85.09 1.76 −2.03%

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Market cap: $25.3B
P/E: 0.0×
Fwd P/E: 68.0×
Dividend yield: —
F-score: 4/9
Altman Z: −0.80
Beneish M: −4.13
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Debt acceleration Aug 3, 2026

All filings →

Insider Decisions trades per month

Total buys 0.07

Total sells 57.36

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	—	—	—	—	—	—	—	—
Sell	1	2	—	—	3	—	—	3	—	2	—	—

Insider Ownership 54.33%

Capital & Financial Ratios $m

Market Cap 25,260.00

Revenue 14,653.93

Net Income (5,681.57)

Free Cash Flow (725.18)

Net Debt 15,879.84

Current Ratio 5.20

Debt/Equity 1.23

P/E ratio 0.00

Fwd P/E 68.00

P/S ratio 1.68

P/B ratio 1.74

Past 5Y EPS Growth —

This Y EPS Growth 148.43%

Next Y EPS Growth (88.23%)

Next Y revenue growth (5.21%)

Next 5Y EPS Growth 14.06%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 55.36%

10-year low 10-year high

P/B against its own 10 years 88.06%

10-year low 10-year high

EV/Sales against its own 10 years 81.16%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,444	5,698	3,160	1,552
Receivables	1,122	1,199	1,274	906
Inventory	665	455	381	322
Other	16	88	35	16,844
	4,892	8,096	5,133	19,854

	2023	2024	2025	Q'26
Payables	774	741	542	252
ST’ Debt	3,047	943	7,321	1,446
Other	—	—	—	—
	8,019	5,831	12,363	3,817

Compound Annual Growth %

	10y	5y	3y
Sales	23.29%	51.37%	(6.97%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	4.39%	10.01%	(35.43%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,667	3,576	—	—	—
’25	3,870	3,725	3,614	3,796	15,005
’24	4,015	3,953	3,891	3,967	15,826
’23	4,388	4,356	4,109	4,163	17,016
’22	502	499	497	17,136	18,634
’21	483	500	505	18,332	19,819
’20	466	459	474	489	1,888

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	238	(10)	—	—	—
’25	207	8	112	(425)	(99)
’24	451	480	276	46	1,253
’23	790	749	482	411	2,433
’22	104	147	92	3,278	3,621
’21	117	192	119	4,228	4,655
’20	71	174	120	169	534

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	105	(102)	—	—	—
’25	(52)	(286)	(144)	(583)	(1,065)
’24	(68)	159	(58)	(300)	(267)
’23	32	(184)	(370)	(154)	(632)
’22	(13)	65	25	471	548
’21	(70)	100	21	2,952	3,003
’20	(42)	71	13	44	87

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.51)	24.12	—	—	—
’25	(0.71)	(1.06)	(44.37)	(4.16)	(50.41)
’24	(0.40)	(0.76)	(0.52)	1.24	(0.44)
’23	0.89	0.75	(0.44)	(7.48)	(6.28)
’22	1.06	0.16	0.27	6.85	8.24
’21	0.84	0.41	0.38	6.50	8.05
’20	(0.56)	(0.12)	0.26	0.01	(0.41)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	25.01	40.37	27.22	28.41	19.75	20.51	15.26	9.53	11.83	14.90	Analyst estimates 2026–2028 Powerpack
	High	43.59	50.65	50.48	45.15	43.96	30.90	27.36	24.80	30.08	111.39
People
People	Employees	4,000	2,100	2,200	2,300	2,400	2,500	2,300	15,300	13,700	12,100
	Revenue/emp, $m	0.45	0.73	0.80	0.82	0.79	7.93	8.10	1.11	1.16	1.24
Income, $m
Income, $m	Revenue	1,810	1,525	1,763	1,886	1,888	19,819	18,634	17,016	15,826	15,005
	Gross margin, %	59.94	54.37	57.99	58.25	60.57	36.95	34.47	29.80	25.61	25.82
	EBT	217	(32)	(126)	(93)	(28)	3,350	3,335	(1,932)	(76)	(18,893)
	EBT margin, %	11.97	(2.11)	(7.14)	(4.94)	(1.47)	16.90	17.90	(11.35)	(0.48)	(125.91)
	Net income	181	393	(39)	(74)	(52)	2,521	2,537	(1,635)	(125)	(14,507)
	Depreciation	502	541	606	594	529	1,214	1,175	1,598	1,930	1,586
Per share, $
Per share, $	Revenue	19.30	15.98	18.31	19.50	19.28	72.04	68.99	62.82	57.74	52.18
	Earnings	1.94	4.13	(0.42)	(0.65)	(0.41)	9.17	9.39	(6.28)	(0.44)	(50.41)
	Cash flow	8.56	7.62	7.63	6.78	5.46	16.92	13.41	8.98	4.57	(0.35)
	Capex	(7.69)	(6.39)	(5.29)	(4.63)	(4.57)	(6.01)	(11.38)	(11.31)	(5.54)	(3.36)
	Free cash flow	0.87	1.22	2.34	2.15	0.89	10.91	2.03	(2.33)	(0.97)	(3.70)
	Book value	42.72	43.78	43.17	38.72	36.84	12.41	79.92	73.66	73.87	20.21
	Shares, m	94	95	96	97	98	275	270	271	274	288
Valuation, ×
Valuation, ×	P/E	21.67	11.78	0.00	0.00	0.00	2.85	1.77	0.00	0.00	0.00
	P/S	2.17	3.00	1.63	2.22	1.10	0.37	0.24	0.25	0.40	2.08
	P/B	0.98	1.10	0.69	1.12	0.58	2.12	0.21	0.21	0.31	5.38
	EV/Sales	2.48	3.26	1.68	2.19	1.02	0.36	1.24	1.44	1.72	3.60
	EV/FCF	54.81	42.57	13.14	19.83	22.25	2.40	42.22	(36.01)	(85.66)	(48.47)
Cash, $m
Cash, $m	Operating cash flow	803	727	735	656	534	4,655	3,621	2,433	1,253	(99)
	Capex	(722)	(610)	(509)	(448)	(447)	(1,653)	(3,074)	(3,064)	(1,519)	(966)
	Free cash flow	82	117	225	208	87	3,003	548	(632)	(267)	(1,065)
Balance, $m
Balance, $m	Working capital	3,192	3,302	2,236	2,340	1,483	1,467	315	(3,127)	2,265	(7,230)
	Total debt	3,655	3,635	3,306	2,404	2,393	1,513	22,896	22,764	26,603	25,980
	Net debt	563	389	95	(56)	(141)	(33)	18,589	20,320	20,905	22,820
	Shareholders’ equity	4,007	4,177	4,155	3,746	3,607	3,414	21,586	19,950	20,245	5,812
Returns, %
Returns, %	ROA	2.24	4.43	(0.46)	(0.80)	(0.56)	37.90	7.65	(2.94)	(0.20)	(27.89)
	ROIC	4.05	0.42	0.53	1.24	2.03	63.27	3.47	(0.43)	(0.46)	(38.69)
	ROE	4.67	9.62	(0.97)	(1.59)	(1.09)	70.82	19.82	(8.20)	(0.59)	(111.27)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CHT Chunghwa Telecom Co., Ltd.	$37.0B	28.9×	—	+5.50% (above 0%: growing)	+2.33% (above 0%: growing)	+39.64% (above 0%: growing)	37.54%	21.61%	Compare
VOD Vodafone Group PLC	$36.7B	32.7×	13.4×	−11.38% (below 0%: shrinking)	−130.12% (below 0%: shrinking)	−16.70% (below 0%: shrinking)	30.36%	0.00%	Compare
ORANY Orange	$29.8B	6.8×	—	−5.73% (below 0%: shrinking)	+128.97% (above 0%: growing)	+104.16% (above 0%: growing)	16.49%	0.00%	Compare
ECHO EchoStar Corporation	$25.3B	— (loss-making)	68.0×	−3.99% (below 0%: shrinking)	n/m	+64.20% (above 0%: growing)	34.37%	14.34%
TELFY Telefonica SA	$21.5B	— (loss-making)	10.6×	−5.45% (below 0%: shrinking)	n/m	−124.79% (below 0%: shrinking)	28.59%	10.79%	Compare
VIV Telefonica Brasil S.A.	$19.6B	25.1×	13.4×	+20.64% (above 0%: growing)	+33.01% (above 0%: growing)	+3.07% (above 0%: growing)	45.54%	16.48%	Compare
CHTR Charter Communications, Inc.	$19.4B	2.8×	3.2×	−1.74% (below 0%: shrinking)	+14.35% (above 0%: growing)	+45.18% (above 0%: growing)	39.27%	22.65%	Compare
TIGO Millicom International Cellular SA	$13.8B	20.8×	23.8×	+59.40% (above 0%: growing)	−83.95% (below 0%: shrinking)	+66.11% (above 0%: growing)	75.26%	21.20%	Compare
TLK PT Telekomunikasi Indonesia, Tbk	$12.6B	8.1×	—	−8.61% (below 0%: shrinking)	+5,809.09% (above 0%: growing)	+3.00% (above 0%: growing)	100.00%	24.01%	Compare
Median of peers	$20.5B	20.8×	13.4×	−3.59%	+14.35%	+21.36%	38.41%	18.84%

All 55 Telecom Services stocks →

EchoStar Corporation (ECHO) key facts

Concern: EchoStar Corporation’s revenue for fiscal 2025 (year ended December 2025) was $15.0 billion, down 5.18% from fiscal 2024.
EchoStar Corporation (ECHO) is a Telecom Services company in the Communication Services sector, listed on Nasdaq.
As of October 16, 2026, ECHO traded at $85.09, a market capitalization of $25.3 billion.
Return on equity was −111.3% and debt-to-equity 1.23.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −0.80 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.