ECHONasdaqCommunications Services, NECFiscal year ends December 31
EchoStar CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$86.20+0.83 (+0.97%)
Close on Oct 19, 2026
- Market cap
- $30.31B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
37.1%
Operating margin
-118.1%−124.1 pts over 5 years
Net margin
-96.6%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.2% | -7.0% | +51.4% | +23.3% | |
| Gross profit | -2.3% | -13.3% | – | +12.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 4.7% | – | -111.7% | |
| Return on assets | 2.2% | – | -27.9% | |
| Current ratio | 7.01 | 2.04 | 0.42 | |
| Debt to equity | 0.93 | 0.68 | 4.51 | |
| Net debt to EBITDA | 1.49× | -5.60× | -1.49× | |
| Interest coverage | 2.4× | 0.8× | – | |
| Inventory turnover | 3.1× | – | 22.6× | |
| Capex to revenue | 39.9% | 21.7% | 6.4% | |
| Diluted shares | 0M | 0M | 288M |
Where the cash went
Fiscal 2021 to 2025, five years combined
EchoStar generated $12.06B from operations and spent $10.68B on capital expenditure, dividends and share buybacks. 96% of that went back into the business.
Generated
$12.06B
Used
$10.68B
Capital expenditure$10.28B96%Dividends$00%Share buybacks$399.25M4%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-96.6%
×Asset turnover0.29×
×Equity multiplier4.00×
=Return on equity, FY2025-111.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -96.6% | 0.29× | 4.00× | -111.7% |
| FY2024 | -0.8% | 0.27× | 2.95× | -0.6% |
| FY2023 | -10.0% | 0.29× | 2.80× | -8.2% |
| FY2019 | -3.3% | 0.24× | 2.03× | -1.6% |
| FY2018 | -2.3% | 0.20× | 2.10× | -1.0% |
| FY2017 | 25.7% | 0.17× | 2.20× | 9.7% |
| FY2016 | 9.9% | 0.22× | 2.13× | 4.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$14.50B
- Cash generatingOperating cash flow above zero-$99.37M
- Return on assets improvedROA up on the prior year-0.2% → -23.8%
- Earnings backed by cashOperating cash flow above net income-$99.37M vs -$14.50B
- Less leverageLong-term debt to assets fell42.1% → 43.4%
- Better liquidityCurrent ratio rose1.39 → 0.42
- No dilutionShare count did not rise274M → 288M
- Gross margin improvedGross margin up on the prior year35.95% → 37.05%
- More efficientAsset turnover rose0.28 → 0.25