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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $15.0B | $-15.8B | $-14.5B | $-1.7B | -251.4% | -5.2% | 12026.9% |
| 2024 | $15.8B | $2.3B | $-120M | $-1.2B | -0.6% | -7.0% | -93.0% |
| 2023 | $17.0B | $-243M | $-1.7B | $-1.8B | -8.6% | -8.7% | -168.7% |
| 2022 | $18.6B | $4.6B | $2.5B | $-7.6B | 11.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 18,634.25 | 17,015.60 | 15,825.52 | 15,004.99 |
| Cost Of Revenue | - | 12,210.48 | 11,945.33 | 11,772.58 | 11,130.32 |
| Gross Profit | - | 6,423.77 | 5,070.27 | 4,052.94 | 3,874.67 |
| Operating Expense | - | 4,190.22 | 4,587.08 | 4,357.01 | 3,965.80 |
| Operating Income | - | 2,233.55 | 483.19 | -304.07 | -91.14 |
| EBITDA | - | 4,589.41 | -243.40 | 2,336.24 | -15,786.05 |
| EBIT | - | 3,414.52 | -1,841.33 | 406.05 | -17,371.60 |
| Pretax Income | - | 3,335.30 | -1,931.68 | -75.57 | -18,893.31 |
| Tax Provision | - | 798.41 | -296.86 | 48.94 | -4,386.38 |
| Net Income | - | 2,477.72 | -1,702.06 | -119.55 | -14,497.18 |
| Net Income Common Stockholders | - | 2,477.72 | -1,702.06 | -119.55 | -14,497.18 |
| Total Expenses | - | 16,400.70 | 16,532.41 | 16,129.59 | 15,096.12 |
| Interest Expense | - | 79.22 | 90.36 | 481.62 | 1,521.71 |
| Interest Income | - | 93.24 | 207.37 | 116.62 | 228.73 |
| Research And Development | 31.78 | 32.81 | - | - | - |
| Selling General And Administration | - | 3,015.32 | 2,989.15 | 2,426.82 | 2,380.25 |
| Normalized EBITDA | - | 3,497.13 | 2,258.52 | 1,674.89 | 1,733.52 |
| Normalized Income | - | 1,646.49 | 414.57 | -642.01 | -1,042.14 |
| Market Cap | 33,942.92 | 33,942.92 | 33,942.92 | 33,942.92 | 33,942.92 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| EchoStar Corporationthis co. | SATS | - | -2.34 | 5.89 | -251.4% | -3.94 |
| Warner Bros. Discovery, Inc. | WBD | $67.8B | 93.34 | 1.89 | 2.0% | 4.51 |
| Electronic Arts Inc. | EA | $53.1B | 45.24 | 7.94 | 17.6% | 25.03 |
| Fox Corporation | FOXA | $29.0B | 11.81 | 2.24 | 18.9% | 7.50 |
| Fox Corporation | FOX | $25.9B | 10.56 |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.00 |
| 18.9% |
| 6.76 |
| Charter Communications, Inc. | CHTR | $24.3B | 5.10 | 1.58 | 31.1% | 5.76 |
| News Corporation | NWS | $17.2B | 14.05 | 1.89 | 13.4% | 12.09 |
| News Corporation | NWSA | $14.9B | 12.17 | 1.64 | 13.4% | 10.53 |
| The Trade Desk, Inc. | TTD | $11.7B | 25.74 | 4.59 | 17.8% | 15.87 |
| Peer Median | - | 13.11 | 1.94 | 17.7% | 9.01 | |