Overview
EchoStar CORP
Latest 10-K: FY2025, filed Mar 2, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $15.00B
- 5.2%YoYdown from FY2024
- TotalRevenue
- Gross profit
- $5.56B
- 2.3%YoYdown from FY2024
- GrossProfit
- Operating income
- -$17.72B
- n/mYoY
- OperatingIncome
- Net income
- -$14.50B
- n/mYoY
- NetIncome
- Diluted EPS
- -$50.41
- n/mYoY
- EPSDiluted
- Diluted shares
- 287.6M
- 4.9%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- EchoStar CORP reported revenue of $15.00B for fiscal 2025, down 5.2% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 1 of the last 5 fiscal years.
Profitability
- Operating margin was -118.1% and net margin was -96.6%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was -$50.41.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $15.00B5.2%down Benchmark median 6.4% | $15.83B7.0%down Benchmark median 4.5% | $17.02B8.7%down Benchmark median 4.8% | $18.63B6.0%down Benchmark median 10.3% | $19.82B949.8%up Benchmark median 13.8% | -6.7% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $5.56B2.3%down Benchmark median 6.8% | $5.69B24.2%down Benchmark median 5.5% | $7.51B11.9%down Benchmark median 5.2% | $8.52B6.4%down Benchmark median 8.3% | $9.10B Benchmark median 15.7% | -11.6% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | negative: -$17.72Bn/m Benchmark median 7.3% | negative: -$0.30Bn/m Benchmark median 7.4% | negative: -$0.28B112.4%down Benchmark median 4.9% | $2.23B34.8%down Benchmark median 7.5% | $3.42B2942.9%up Benchmark median 23.5% | n/m Benchmark median 7.2% |
| Net Income | negative: -$14.50Bn/m Benchmark median 4.8% | negative: -$0.12Bn/m Benchmark median 5.7% | negative: -$1.70B168.7%down Benchmark median 1.9% | $2.48B§0.3%down Benchmark median 1.3% | $2.49B§n/m Benchmark median 33.9% | n/m Benchmark median 4.1% |
| EPS (Diluted) | negative: -$50.41n/m Benchmark median 6.2% | negative: -$0.44n/m Benchmark median 7.9% | negative: -$6.28178.0%down Benchmark median 1.9% | $8.051.4%up Benchmark median 1.5% | $7.94‡n/m Benchmark median 34.8% | n/m Benchmark median 5.6% |
§ Net income available to common stockholders; the company files no net-income line.
‡ Share basis changed between these years (stock split or reverse split).
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $43.02B29.4%down Benchmark median 5.6% | $60.94B6.7%up Benchmark median 3.4% | $57.11B2.8%down Benchmark median 4.1% | $58.75B871.8%up Benchmark median 2.2% | $6.05B14.5%down Benchmark median 6.7% | 63.3% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $37.20B8.6%down Benchmark median 6.4% | $40.69B10.8%up Benchmark median 1.9% | $36.72B0.1%up Benchmark median 2.9% | $36.70B1294.8%up Benchmark median 2.0% | $2.63B24.1%down Benchmark median 5.2% | 93.9% Benchmark median 4.4% |
| Stockholders' Equity | $5.81B71.3%down Benchmark median 6.8% | $20.25B1.5%up Benchmark median 5.4% | $19.95B7.6%down Benchmark median 7.3% | $21.59B543.6%up Benchmark median 2.5% | $3.35B5.3%down Benchmark median 9.0% | 14.7% Benchmark median 6.1% |
| Cash & Equivalents | $1.88B56.3%down Benchmark median 5.2% | $4.31B136.4%up Benchmark median 1.9% | $1.82B27.1%down Benchmark median 6.7% | $2.50B366.1%up Benchmark median -8.6% | $0.54B40.2%down Benchmark median -2.9% | 36.9% Benchmark median 2.0% |
| Total Debt | $25.98B2.3%down Benchmark median 2.1% | $26.60B16.9%up Benchmark median 0.2% | $22.76B0.6%down Benchmark median 0.3% | $22.90B1430.5%up Benchmark median 0.1% | $1.50B37.5%down Benchmark median -0.1% | 104.1% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | negative: -$0.10B107.9%down Benchmark median 6.3% | $1.25B48.5%down Benchmark median 4.8% | $2.43B32.8%down Benchmark median 9.9% | $3.62B22.2%down Benchmark median -0.7% | $4.66B771.2%up Benchmark median 10.7% | n/m Benchmark median 7.0% |
| Capital Expenditures | $0.97B37.5%down Benchmark median 5.4% | $1.54B50.2%down Benchmark median 2.8% | $3.10B1.7%up Benchmark median 11.3% | $3.05B88.4%up Benchmark median 14.0% | $1.62B296.1%up Benchmark median 8.1% | -12.1% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | negative: -$1.07Bn/m Benchmark median 7.3% | negative: -$0.29Bn/m Benchmark median 6.1% | negative: -$0.67B217.1%down Benchmark median 8.8% | $0.57B81.2%down Benchmark median -11.3% | $3.04B2317.4%up Benchmark median 10.2% | n/m Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
n/m
Wall Street
on net earnings
FY2024 n/m
negative: −3.4%
Value investor
on free cash flow
FY2024 negative: −4.7%
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E n/mValue investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
18.6%
Wall Street
on book equity
FY2024 322.6%
18.6%
Value investor
on tangible book
FY2024 322.6%
Gap Same: Both views read the same
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 5.4×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
negative: −111.3%
Wall Street
ROE: net income ÷ equity
FY2024 negative: −0.6%
negative: −40.0%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 negative: −0.5%
Gap +71.3 pts: Value-investor figure 71.3 points higher
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
negative: −107.5%
Wall Street
EBITDA margin
FY2024 10.3%
negative: −7.1%
Value investor
Free-cash-flow margin
FY2024 negative: −1.8%
Gap +100.4 pts: Value-investor figure 100.4 points higher
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
0.42×
Wall Street
Current ratio
FY2024 1.39×
0.38×
Value investor
Quick ratio, inventory excluded
FY2024 1.31×
Gap −0.04×: Value-investor figure 0.04 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
negative: −0.62×
Wall Street
EBITDA ÷ total debt
FY2024 0.06×
negative: −0.04×
Value investor
FCF ÷ total debt
FY2024 negative: −0.01×
Gap +0.58×: Value-investor figure 0.58 higher
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
negative: −3210.2×
Wall Street
EBITDA ÷ interest
FY2024 184.8×
negative: −3525.6×
Value investor
EBIT ÷ interest
FY2024 negative: −34.6×
Gap −315.4×: Value-investor figure 315.4 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on ECHO yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on ECHO and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/ECHO
Valuein. (2026, October 30). EchoStar CORP (ECHO) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/ECHO
@misc{valuein_echo_2026,
author = {{Valuein}},
title = {EchoStar CORP (ECHO) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/ECHO}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Mar 2, 2026 · accession 0001104659-26-021817
Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.
point-in-time · survivorship-free · every number traceable to its SEC filing
Index names are trademarks of their owners; Valuein is not affiliated with or endorsed by any index provider.