Echostar CorpEchostar Corp
Echostar Corp

Echostar Corp

ECHO
Information Technology·Communications Equipment

EchoStar Corp. engages in the design, development, and distribution of digital set-top boxes and products for direct-to-home satellite service providers. It operates through the following business segments: Pay-TV, Wireless, Broadband and Satellite Services, and Other. The Pay-TV segment business strategy is to be the best provider of video services in the United States by providing products with the best technology, outstanding customer service, and great value. The Wireless segment offers Retail Wireless services as well as a competitive portfolio of wireless devices. The Broadband and Satellite Services segment business strategy is to maintain and improve leadership position and competitive advantage through development of technologies and services marketed to selected sectors within the consumer, enterprise and government markets globally. The Other segment consists of legacy 5G Network and 5G Network deployment operations that will not be utilized in the Wireless segment’s Hybrid MNO business. The company was founded by Charlie William Ergen, Candy Ergen, and James DeFranco in 1980 and is headquartered in Englewood, CO.

Colorado; U.S.A
Market cap
No dataNo data
Revenue
$15B−5.2% YoY
Net income
$-14.5B−11542.9% YoY
Free cash flow
$-1.1B−264.5% YoY

Market

Listed stock
Tokenized stocks
ECHOPriceNasdaq
Loading…Loading…1Y

Financial performance

Revenue
$15B−5.2% YoY
Operating income
$-17.7B−5728.6% YoY
Net income
$-14.5B−11542.9% YoY
Free cash flow
$-1.1B−264.5% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $2B, 2022 $2B, 2023 $17B, 2024 $15.8B, 2025 $15B. Operating income: 2021 $217M, 2022 $189.6M, 2023 $-277.9M, 2024 $-304.1M, 2025 $-17.7B. Net income: 2021 $62.7M, 2022 $166.5M, 2023 $-1.6B, 2024 $-124.5M, 2025 $-14.5B. Free cash flow: 2021 $193.8M, 2022 $203.7M, 2023 $-668.3M, 2024 $-292.2M, 2025 $-1.1B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-5.2%+181 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $217M, 2022-12-31 $189.6M, 2023-12-31 $-277.9M, 2024-12-31 $-304.1M, 2025-12-31 $-17.7B. Net income: 2021-12-31 $62.7M, 2022-12-31 $166.5M, 2023-12-31 $-1.6B, 2024-12-31 $-124.5M, 2025-12-31 $-14.5B. Free cash flow: 2021-12-31 $193.8M, 2022-12-31 $203.7M, 2023-12-31 $-668.3M, 2024-12-31 $-292.2M, 2025-12-31 $-1.1B

Growth heatmap

2022202320242025CAGR
Revenue
+0.6%
+751.6%
-7.0%
-5.2%
+65.8%
Gross profit
-19.7%
-13760.5%
+1.2%
+5.5%
No data
Operating income
-12.6%
-246.5%
-9.4%
-5728.6%
No data
Free cash flow
+5.1%
-428.0%
+56.3%
-264.5%
No data

Earnings quality

Operating cash flow
$-99.4M−107.9% YoY
Net income
$-14.5B−11542.9% YoY
Free cash flow
$-1.1B−264.5% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 1%, 2024-12-31 -1006%, 2023-12-31 -149%, 2022-12-31 318%, 2021-12-31 1008%. Free cash flow: 2025-12-31 7%, 2024-12-31 235%, 2023-12-31 41%, 2022-12-31 122%, 2021-12-31 309%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
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Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
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Free cash flow yield
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