NASDAQ : ECHO
EchoStar Corporation — Financial statements
Industrials · Integrated Freight & Logistics · United States
Last price 96.94 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 28.19B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
EchoStar Corporation (ECHO) reported revenue of 14.65B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 14.65B | 15.00B | 15.83B | 17.02B | 18.63B | 19.82B |
| Cost of Revenue | 10.33B | 11.13B | 11.77B | 11.95B | 12.21B | 12.50B |
| Gross Profit | 4.33B | 3.87B | 4.05B | 5.07B | 6.42B | 7.32B |
| Selling, General & Admin | 2.34B | 2.38B | 2.43B | 2.99B | 3.02B | 2.69B |
| Operating Expenses | 3.28B | 3.97B | 4.36B | 4.59B | 4.19B | 3.90B |
| Operating Income | 1.05B | -91.14M | -304.07M | 483.19M | 2.23B | 3.42B |
| Interest Expense | -2.06B | -1.52B | -481.62M | -90.36M | -79.22M | -111.15M |
| Interest & Investment Income | 168.16M | 228.73M | 116.62M | 207.37M | 93.24M | 33.90M |
| Earnings From Equity Investments | 9.62M | 7.70M | -73.45M | -8.10M | -3.09M | |
| Currency Exchange Gain (Loss) | 7.96M | 10.84M | -4.51M | 5.68M | 5.24M | |
| Other Non Operating Income (Expenses) | 2.11M | 2.68M | 5.60M | -1.82B | 1.01B | 4.72M |
| EBT Excluding Unusual Items | -822.64M | -1.36B | -741.43M | -1.22B | 3.26B | 3.35B |
| Merger & Restructuring Charges | -780.72M | -786.39M | ||||
| Impairment of Goodwill | -757.51M | |||||
| Gain (Loss) on Sale of Investments | -17.36M | -9.90M | -73.22M | -26.14M | 73.29M | |
| Gain (Loss) on Sale of Assets | 9.79B | 100.03M | 50.42M | |||
| Asset Writedown | -16.38B | -16.44B | -3.59M | -711.00K | -245.00K | |
| Other Unusual Items | -405.28M | -393.82M | 688.66M | 73.02M | -922.00K | |
| Pretax Income | -8.61B | -18.89B | -75.57M | -1.93B | 3.34B | 3.35B |
| Income Tax Expense | -2.93B | -4.39B | 48.95M | -296.86M | 798.41M | 828.44M |
| Earnings From Continuing Operations | -5.68B | -14.51B | -124.52M | -1.63B | 2.54B | 2.52B |
| Net Income to Company | -5.68B | -14.51B | -124.52M | -1.63B | 2.54B | 2.52B |
| Minority Interest in Earnings | 8.68M | 9.76M | 4.97M | -67.23M | -59.17M | -35.15M |
| Net Income | -5.67B | -14.50B | -119.55M | -1.70B | 2.48B | 2.49B |
| Net Income to Common | -5.67B | -14.50B | -119.55M | -1.70B | 2.48B | 2.49B |
| Shares Outstanding (Basic) | 288.87M | 287.59M | 274.08M | 270.84M | 270.10M | 275.12M |
| Shares Outstanding (Diluted) | 288.87M | 287.59M | 274.08M | 270.84M | 307.73M | 313.12M |
| EPS (Basic) | -19.64 | -50.41 | -0.44 | -6.28 | 9.17 | 9.04 |
| EPS (Diluted) | -19.64 | -50.41 | -0.44 | -6.28 | 8.05 | 7.94 |
| Free Cash Flow | -725.18M | -1.07B | -292.18M | -668.27M | 570.72M | 3.04B |
| Free Cash Flow Per Share | -2.51 | -3.70 | -1.07 | -2.47 | 1.85 | 9.70 |
| Gross Margin | 29.54% | 25.82% | 25.61% | 29.80% | 34.47% | 36.95% |
| Operating Margin | 7.15% | -0.61% | -1.92% | 2.84% | 11.99% | 17.27% |
| Profit Margin | -38.71% | -96.62% | -0.76% | -10.00% | 13.30% | 12.54% |
| Free Cash Flow Margin | -4.95% | -7.10% | -1.85% | -3.93% | 3.06% | 15.32% |
| EBITDA | 1.99B | 1.49B | 1.63B | 2.08B | 3.41B | 4.52B |
| EBITDA Margin | 13.57% | 9.96% | 10.27% | 12.23% | 18.29% | 22.80% |
| D&A For EBITDA | 941.30M | 1.59B | 1.93B | 1.60B | 1.17B | 1.10B |
| EBIT | 1.05B | -91.14M | -304.07M | 483.19M | 2.23B | 3.42B |
| EBIT Margin | 7.15% | -0.61% | -1.92% | 2.84% | 11.99% | 17.27% |
| Effective Tax Rate | 23.94% | 24.73% | ||||
| Revenue as Reported | 14.65B | 15.00B | 15.83B | 17.02B | 18.63B | 19.82B |
| Advertising Expenses | 775.00M | 745.00M | 868.00M | 816.00M | 725.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 439.99M | 1.88B | 4.31B | 1.82B | 2.50B | 535.89M |
| Short-Term Investments | 56.20M | 1.10B | 1.24B | 623.04M | 1.81B | 1.01B |
| Cash & Short-Term Investments | 496.19M | 2.98B | 5.55B | 2.44B | 4.31B | 1.55B |
| Accounts Receivable | 905.61M | 1.27B | 1.20B | 1.12B | 1.18B | 186.31M |
| Other Receivables | 12.71M | |||||
| Receivables | 905.61M | 1.27B | 1.20B | 1.12B | 1.18B | 199.01M |
| Inventory | 322.39M | 380.65M | 455.20M | 665.17M | 625.98M | 103.08M |
| Prepaid Expenses | 229.67M | 284.19M | 655.23M | 644.00M | 617.82M | 57.29M |
| Restricted Cash | 1.06B | 175.84M | 150.90M | |||
| Other Current Assets | 16.84B | 34.68M | 88.25M | 16.08M | 23.88M | 21.12M |
| Total Current Assets | 19.85B | 5.13B | 8.10B | 4.89B | 6.76B | 1.93B |
| Property, Plant & Equipment | 1.83B | 2.46B | 12.45B | 12.63B | 10.73B | 2.49B |
| Long-Term Investments | 212.56M | 194.05M | 202.33M | 314.37M | 524.90M | 297.75M |
| Goodwill | 511.09M | |||||
| Other Intangible Assets | 17.17B | 34.60B | 39.52B | 38.75B | 38.51B | 608.45M |
| Long-Term Deferred Tax Assets | 5.42M | |||||
| Long-Term Deferred Charges | 84.71M | |||||
| Other Long-Term Assets | 366.22M | 627.71M | 675.61M | 529.56M | 2.23B | 123.42M |
| Total Assets | 39.43B | 43.02B | 60.94B | 57.11B | 58.75B | 6.05B |
| Accounts Payable | 251.88M | 541.71M | 740.98M | 774.01M | 1.02B | 109.84M |
| Accrued Expenses | 1.87B | 1.79B | 1.63B | 1.70B | 1.52B | 103.33M |
| Current Portion of Long-Term Debt | 1.44B | 7.28B | 912.65M | 2.99B | 1.50B | |
| Current Portion of Leases | 34.49M | 886.85M | 558.92M | 373.85M | 258.92M | 16.90M |
| Current Income Taxes Payable | 11.74M | |||||
| Current Unearned Revenue | 221.39M | 639.17M | 650.94M | 754.66M | 833.21M | 141.34M |
| Other Current Liabilities | 1.22B | 1.34B | 1.43B | 1.30B | 76.97M | |
| Total Current Liabilities | 3.82B | 12.36B | 5.83B | 8.02B | 6.44B | 460.12M |
| Long-Term Debt | 15.87B | 18.66B | 25.62B | 19.65B | 21.27B | 1.50B |
| Long-Term Leases | 233.68M | 4.14B | 3.25B | 3.19B | 2.88B | 134.90M |
| Long-Term Unearned Revenue | 1.89B | 997.73M | 675.04M | 849.13M | 748.38M | 10.67M |
| Long-Term Deferred Tax Liabilities | 3.41B | 598.59M | 4.99B | 5.01B | 5.35B | 403.68M |
| Other Long-Term Liabilities | 98.00K | 448.75M | 327.03M | 125.76M | ||
| Total Liabilities | 25.22B | 37.20B | 40.69B | 36.72B | 36.70B | 2.63B |
| Common Stock | 292.00K | 290.00K | 286.00K | 271.00K | 269.00K | 106.00K |
| Additional Paid-In Capital | 8.95B | 8.88B | 8.77B | 8.30B | 8.22B | 3.35B |
| Retained Earnings | 5.44B | -2.88B | 11.62B | 11.74B | 13.44B | 656.47M |
| Treasury Stock | -48.51M | -48.51M | -436.52M | |||
| Comprehensive Income & Other | -182.53M | -183.19M | -195.71M | -160.06M | -175.27M | -212.10M |
| Total Common Equity | 14.16B | 5.77B | 20.19B | 19.88B | 21.49B | 3.35B |
| Minority Interest | 46.31M | 46.21M | 53.85M | 508.12M | 562.55M | 60.25M |
| Shareholders' Equity | 14.20B | 5.81B | 20.25B | 20.39B | 22.05B | 3.41B |
| Total Liabilities & Equity | 39.43B | 43.02B | 60.94B | 57.11B | 58.75B | 6.05B |
| Total Debt | 17.58B | 30.96B | 30.34B | 26.20B | 25.92B | 1.65B |
| Net Cash (Debt) | -17.08B | -27.98B | -24.80B | -23.76B | -21.61B | -101.41M |
| Net Cash Per Share | -59.12 | -97.29 | -90.47 | -87.72 | -70.22 | -0.32 |
| Filing Date Shares Outstanding | 290.49M | 288.88M | 286.44M | 271.52M | 83.28M | 85.86M |
| Total Common Shares Outstanding | 290.45M | 288.83M | 286.40M | 271.50M | 82.98M | 86.41M |
| Working Capital | 16.04B | -7.23B | 2.26B | -3.13B | 315.10M | 1.47B |
| Book Value Per Share | 48.73 | 19.96 | 70.50 | 73.22 | 258.95 | 38.81 |
| Tangible Book Value | -3.01B | -28.84B | -19.33B | -18.87B | -17.02B | 2.23B |
| Tangible Book Value Per Share | -10.37 | -99.84 | -67.48 | -69.49 | -205.13 | 25.86 |
| Land | 30.91M | 42.98M | 42.84M | 46.67M | 46.64M | 28.94M |
| Buildings | 131.99M | 419.72M | 513.42M | 538.82M | 497.39M | 115.54M |
| Machinery | 2.10B | 3.17B | 10.94B | 14.60B | 9.96B | 4.50B |
| Construction In Progress | 183.00M | 514.66M | 1.57B | 1.84B | 3.98B | 699.98M |
| Order Backlog | 1.40B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -5.67B | -14.50B | -119.55M | -1.70B | 2.48B | 2.49B |
| Depreciation & Amortization | 941.30M | 1.59B | 1.93B | 1.60B | 1.17B | 1.10B |
| Other Amortization | 118.67M | |||||
| Loss (Gain) From Sale of Assets | -9.83B | -100.03M | -50.42M | |||
| Asset Writedown & Restructuring Costs | 17.56B | 17.63B | 761.10M | 711.00K | 245.00K | |
| Loss (Gain) From Sale of Investments | 54.80M | -1.56M | 73.22M | -46.89M | -72.37M | -7.54M |
| Loss (Gain) on Equity Investments | 3.09M | |||||
| Stock-Based Compensation | 43.51M | 36.27M | 36.38M | 51.51M | 82.99M | 59.38M |
| Provision & Write-off of Bad Debts | -23.99M | -3.04M | 8.24M | 14.60M | 6.59M | -34.63M |
| Other Operating Activities | -2.95B | -4.32B | -471.06M | 1.43B | 107.52M | 889.67M |
| Change in Accounts Receivable | -28.55M | -28.55M | 9.57M | 61.28M | -74.81M | 207.00M |
| Change in Inventory | 59.37M | 59.37M | 189.65M | -37.98M | 16.20M | -175.92M |
| Change in Accounts Payable | -130.83M | -130.83M | 108.98M | 4.11M | 90.72M | 86.22M |
| Change in Unearned Revenue | -11.31M | -11.31M | -103.72M | -78.56M | -71.71M | -62.03M |
| Change in Other Net Operating Assets | -100.58M | -322.24M | -358.80M | 378.69M | -120.36M | -7.24M |
| Operating Cash Flow | -85.32M | -99.37M | 1.25B | 2.43B | 3.62B | 4.66B |
| Capital Expenditures | -639.86M | -965.73M | -1.54B | -3.10B | -3.05B | -1.62B |
| Sale of Property, Plant & Equipment | 95.44M | |||||
| Divestitures | -362.97M | 47.21M | ||||
| Sale (Purchase) of Intangibles | -102.53M | -676.31M | -952.85M | -1.16B | -8.19B | -900.54M |
| Sale (Purchase) of Real Estate | 26.72M | |||||
| Investment in Securities | 1.88B | 159.16M | -680.51M | 1.45B | 2.19B | -1.95B |
| Other Investing Activities | 437.06M | 31.07M | 7.74M | 5.22M | -11.90M | 220.87M |
| Investing Cash Flow | 1.21B | -1.40B | -3.05B | -2.81B | -9.06B | -4.25B |
| Long-Term Debt Issued | 150.00M | 7.89B | 1.50B | 2.00B | 6.75B | |
| Long-Term Debt Repaid | -1.04B | -3.04B | -1.77B | -2.14B | -2.99B | |
| Net Debt Issued (Repaid) | -2.35B | -894.10M | 4.84B | -265.45M | -143.05M | 3.76B |
| Issuance of Common Stock | 63.89M | 49.20M | 404.19M | 10.60M | 27.44M | 68.18M |
| Repurchase of Common Stock | -48.51M | -48.51M | -89.30M | -261.44M | ||
| Other Financing Activities | 6.47M | -16.90M | -763.94M | -22.27M | -69.53M | -49.97M |
| Financing Cash Flow | -2.32B | -910.31M | 4.48B | -277.12M | -274.45M | 3.52B |
| Foreign Exchange Rate Adjustments | -302.00K | 2.64M | -5.72M | 3.00M | -2.31M | -3.75M |
| Net Cash Flow | -1.20B | -2.41B | 2.68B | -650.20M | -5.72B | 3.92B |
| Free Cash Flow | -725.18M | -1.07B | -292.18M | -668.27M | 570.72M | 3.04B |
| Free Cash Flow Margin | -4.95% | -7.10% | -1.85% | -3.93% | 3.06% | 15.32% |
| Free Cash Flow Per Share | -2.51 | -3.70 | -1.07 | -2.47 | 1.85 | 9.70 |
| Levered Free Cash Flow | -18.87B | -791.79M | -1.42B | -2.39B | -6.47B | 747.87M |
| Unlevered Free Cash Flow | -17.58B | 159.28M | -1.12B | -2.34B | -6.42B | 817.34M |
| Cash Interest Paid | 945.14M | 1.37B | 324.85M | 65.39M | 60.03M | 48.32M |
| Cash Income Tax Paid | 36.87M | 34.01M | -11.68M | 15.63M | 98.93M | 98.46M |
| Change in Working Capital | -211.90M | -433.56M | -154.31M | 327.54M | -159.96M | 48.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 28.42B | 31.29B | 6.55B | 4.50B | 1.39B | 2.28B |
| Enterprise Value | 45.50B | 58.76B | 33.63B | 4.24B | 1.56B | 2.42B |
| Last Close Price | 96.94 | 108.70 | 22.90 | 16.57 | 16.68 | 26.35 |
| PE Ratio | 0.56 | 0.92 | ||||
| Forward PE | 40.50 | 24.26 | 19.54 | 132.03 | 19.59 | 21.68 |
| PS Ratio | 1.98 | 2.08 | 0.41 | 0.26 | 0.07 | 0.12 |
| PB Ratio | 1.99 | 5.38 | 0.32 | 0.22 | 0.06 | 0.67 |
| P/TBV Ratio | 1.02 | |||||
| P/FCF Ratio | 2.43 | 0.75 | ||||
| P/OCF Ratio | 5.23 | 1.85 | 0.38 | 0.49 | ||
| PEG Ratio | 8.88 | 8.88 | 8.88 | 8.88 | 8.88 | |
| EV/Sales Ratio | 3.15 | 3.92 | 2.12 | 0.25 | 0.08 | 0.12 |
| EV/EBITDA Ratio | 23.21 | 39.32 | 20.68 | 2.04 | 0.46 | 0.54 |
| EV/EBIT Ratio | 44.06 | 8.78 | 0.70 | 0.71 | ||
| EV/FCF Ratio | 2.74 | 0.80 | ||||
| Debt / Equity Ratio | 1.24 | 5.33 | 1.50 | 1.28 | 1.18 | 0.48 |
| Debt / EBITDA Ratio | 6.92 | 14.53 | 13.29 | 9.98 | 6.88 | 0.36 |
| Debt / FCF Ratio | 45.41 | 0.54 | ||||
| Net Debt / Equity Ratio | 1.20 | 4.81 | 1.23 | 1.17 | 0.98 | 0.03 |
| Net Debt / EBITDA Ratio | 8.59 | 18.72 | 15.25 | 11.42 | 6.34 | 0.02 |
| Net Debt / FCF Ratio | -23.55 | -26.27 | -84.86 | -35.55 | 37.86 | 0.03 |
| Asset Turnover | 0.29 | 0.29 | 0.27 | 0.29 | 0.57 | 3.02 |
| Inventory Turnover | 29.61 | 26.63 | 21.02 | 18.50 | 33.50 | 124.29 |
| Quick Ratio | 0.37 | 0.34 | 1.16 | 0.45 | 0.85 | 3.79 |
| Current Ratio | 5.20 | 0.41 | 1.39 | 0.61 | 1.05 | 4.19 |
| Return on Equity (ROE) | -33.43% | -111.35% | -0.61% | -7.70% | 19.93% | 71.82% |
| Return on Assets (ROA) | 1.32% | -0.11% | -0.32% | 0.52% | 4.31% | 32.61% |
| Return on Invested Capital (ROIC) | 3.24% | -0.23% | -0.68% | 1.10% | 7.20% | 72.45% |
| Return on Capital Employed (ROCE) | 2.90% | -0.30% | -0.60% | 1.00% | 4.30% | 61.30% |
| Earnings Yield | -20.10% | -46.33% | -1.82% | -37.85% | 178.69% | 109.19% |
| FCF Yield | -2.49% | -3.40% | -4.46% | -14.86% | 41.16% | 133.34% |
| Buyback Yield / Dilution | -2.51% | -4.93% | -1.20% | 11.99% | 1.72% | -219.77% |