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EchoStar Corporation (ECHO) Stock Analysis
Communication Services · Telecom Services · NasdaqGS
EchoStar Corporation (ECHO) posted $15.00B in revenue for fiscal 2025 (down 5.2% year over year), with a net loss of $14.50B, and has compounded revenue about 51.4%/yr over five years, per its SEC filings.
Data last refreshed July 6, 2026 from SEC filings · how we compute this
The analyst's take on EchoStar Corporation
EchoStar’s revenue trajectory has been extraordinary: from $1.81bn to $15.00bn over ten years, a five-year CAGR of 51.4%. That pace, however, has reversed sharply, with the latest fiscal year showing a 5.2% year-on-year decline. The growth was almost certainly acquisition-driven, but the recent contraction raises questions about the durability of the top line. The company is now in a phase where past expansion is giving way to consolidation or erosion, and the driver to watch is whether the revenue base can stabilise or if further shrinkage lies ahead.
Profitability is in dire straits. The net margin stands at -96.6%, meaning the company loses nearly every dollar of revenue after all costs. The net margin change of -95.8 points indicates a catastrophic deterioration from whatever level preceded it. With no gross or free cash flow margins reported, the picture is one of deep, structural unprofitability. There is no cash generation to speak of, and the single red flag—"currently unprofitable"—understates the severity. These margins are not merely weak; they are unsustainable without a fundamental restructuring of the cost base or business model.
The market capitalisation of $29.42bn implies a valuation that is entirely disconnected from current earnings (PE of zero) and from the recent revenue decline. With no implied growth figure or record of free cash flow growth, the market is pricing in a dramatic future recovery—perhaps a return to the prior growth trajectory or a strategic asset value. Yet the company’s actual record shows a business that is shrinking and deeply loss-making. The single most important thing to watch is whether EchoStar can arrest the revenue slide and begin to close the chasm between its current losses and any plausible path to profitability. Without that, the valuation rests on hope alone.
Synthesised from EchoStar Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
EchoStar Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.81B | $1.53B | $1.76B | $1.89B | $1.89B | $19.82B | $2.00B | $17.02B | $15.83B | $15.00B |
| Gross profit | $1.61B | $1.31B | — | — | — | — | — | — | — | — |
| Net income | $179.93M | $392.56M | $-40.48M | $-62.92M | $-51.90M | $2.52B | $177.05M | $-1.70B | $-119.55M | $-14.50B |
| Net margin | 9.9% | 25.7% | -2.3% | -3.3% | -2.7% | 12.7% | 8.9% | -10.0% | -0.8% | -96.6% |
Source: EchoStar Corporation SEC filings (10-K). 18 years of history available in the interactive view.
EchoStar Corporation: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -96.6%).
Explore 18 years of EchoStar Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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EchoStar Corporation financial history by metric
Compare EchoStar Corporation with peers
About EchoStar Corporation
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.
EchoStar Corporation — frequently asked questions
What is EchoStar Corporation's revenue?
EchoStar Corporation (ECHO) reported revenue of $15.00B for fiscal year 2025, down 5.2% from the prior year, according to its SEC filings.
Is EchoStar Corporation profitable?
No — ECHO reported a net loss of $-14.50B in fiscal 2025.
What is ECHO's P/E ratio?
EchoStar Corporation trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is EchoStar Corporation growing?
ECHO's revenue grew at roughly 51.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does EchoStar Corporation have?
As of fiscal year 2025, ECHO carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is EchoStar Corporation's market cap?
EchoStar Corporation (ECHO) has a market capitalization of about $29.42B, based on the latest data in our nightly-refreshed cache.
When does EchoStar Corporation's fiscal year end?
ECHO's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from EchoStar Corporation's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.