ECHO · EchoStar CORP
The latest filing states the doubt was alleviated.
“Certain of our subsidiaries currently do not have the necessary cash on hand, projected future cash flows or committed financing to fund their obligations over the next twelve months, which raises substantial doubt about certain of our subsidiaries ability to continue as a going concern. As a result of the AT&T Closing and satisfaction of our obligation to pay the FCC, substantial doubt regarding our ability to continue as a going concern does not exist.”View the 10-Q filed Aug 3, 2026
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $14.65B | $15B | $15.83B | $17.02B | $18.63B | $19.82B | $1.89B | $1.89B | $1.76B | $1.53B | $1.81B | $1.85B | $3.45B | $3.28B | $3.12B | $2.76B | $2.35B | $1.9B | $2.15B | |
| -$150.46M | — | — | — | — | — | — | — | -$168.29M | -$172.62M | -$102.24M | -$111.61M | -$162.25M | -$177.9M | -$141.85M | -$71.77M | — | — | — | |
| $23.39M | $22.03M | $24.91M | $56M | $53.13M | $50.68M | $59.14M | $72.35M | — | — | — | — | — | — | — | — | — | — | — | |
| $200.46M | — | — | — | — | — | — | — | — | $212.17M | $203.97M | $195.36M | $1.29B | $1.43B | $1.4B | $1.41B | $1.55B | $1.27B | $1.49B | |
| $1.81B | — | — | — | — | — | — | — | — | $1.31B | $1.61B | $1.65B | $2.16B | $1.85B | $1.72B | $1.35B | $797.24M | $636.39M | $655.88M | |
| — | — | — | — | — | — | — | — | — | 86.09% | 88.73% | 89.43% | 62.59% | 56.41% | 55.23% | 48.77% | 33.92% | 33.43% | 30.5% | |
| $64M | $68M | $91M | $110M | $110M | $91M | $29.45M | $25.74M | $27.57M | $31.75M | $31.17M | $26.38M | $60.89M | $67.94M | $69.65M | $50.97M | $46.09M | $44.01M | $34.9M | |
| $2.34B | $2.38B | $2.43B | $2.99B | $3.02B | $2.69B | $474.91M | $509.15M | $436.09M | $370.5M | $325.04M | $318.14M | $372.01M | $358.5M | $372.64M | $288.58M | $128.37M | $116.74M | $138.46M | |
| — | $16M | $98M | $183M | $156M | $169M | — | — | $43M | $47M | $54M | $71.8M | $92.1M | $88.4M | $91.7M | $107M | $31M | — | — | |
| $941.31M | $1.59B | $1.93B | $1.6B | $1.17B | $1.21B | $238M | $490.77M | $457.12M | $385.66M | $432.9M | $460.82M | $556.68M | $507.11M | $457.33M | $385.89M | $228.91M | $244.13M | $264.2M | |
| $31.17B | $32.73B | $16.13B | $17.29B | $16.4B | $16.4B | $1.78B | $1.81B | $1.73B | $1.49B | $1.51B | $1.58B | $3.12B | $3.18B | $3.02B | $2.68B | $2.21B | $1.9B | $2.79B | |
| -$16.52B | -$17.72B | -$304.07M | -$277.91M | $2.23B | $3.42B | $112.47M | $73.08M | $36.14M | $30.56M | $296.16M | $273.77M | $328.09M | $103.59M | $99.89M | $80.84M | $142.33M | $4.89M | -$640.59M | |
| — | -118.12% | -1.92% | -1.63% | 11.98% | 17.27% | 5.96% | 3.87% | 2.05% | 2% | 16.36% | 14.81% | 9.52% | 3.16% | 3.2% | 2.93% | 6.06% | 0.26% | -29.79% | |
| -$15.57B | -$16.14B | $1.63B | $1.32B | $3.41B | $4.64B | $350.47M | $563.84M | $493.25M | $416.22M | $729.07M | $734.58M | $884.77M | $610.7M | $557.21M | $466.73M | $371.24M | $249.02M | -$376.4M | |
| $53.22M | — | — | — | $57.17M | $95.51M | $147.93M | $251.02M | $219.29M | $184.39M | $123.48M | $122M | $171.35M | $192.55M | $153.03M | $82.59M | $88K | — | — | |
| — | — | — | — | — | — | — | $2.5M | — | — | — | — | — | — | $11.18M | $10.82M | $14.47M | $26.44M | $34.69M | |
| $7.9B | -$1.17B | $228.5M | -$1.65B | $1.1B | -$72.53M | $195K | -$166K | $11.25M | $5.36M | -$77.55M | -$134.46M | -$149.76M | -$137.62M | $94.8M | -$55.06M | $146.45M | $420.47M | -$414.27M | |
| $9.62M | $7.7M | -$73.45M | -$8.1M | -$3.09M | -$6.22M | -$7.27M | -$14.73M | -$5.95M | $16.97M | $10.8M | -$2.48M | $8.2M | -$5.02M | -$438K | $11.86M | -$2.81M | -$5.52M | -$7.18M | |
| -$24.3M | — | — | — | $47.11M | $69.53M | -$31.31M | $28.91M | -$12.62M | $53.45M | $9.77M | -$17.67M | $41K | $38.34M | $177.56M | $13.67M | $2.92M | $119.46M | -$89.8M | |
| -$8.61B | -$18.89B | -$75.57M | -$1.93B | $3.34B | $3.35B | -$27.84M | -$93.17M | -$125.79M | -$32.2M | $216.63M | $139.33M | $178.33M | -$34.04M | $194.68M | $25.78M | $288.77M | — | — | |
| -$2.93B | -$4.39B | $48.95M | -$296.86M | $798.41M | $828.44M | $24.07M | $20.49M | $6.58M | -$155.11M | $80.25M | $51.24M | $30.78M | -$37.44M | -$16.33M | $21.5M | $84.42M | $60.66M | -$96.68M | |
| -$5.67B | -$14.5B | -$119.55M | -$1.7B | $2.54B | $2.52B | -$51.9M | -$62.92M | -$40.48M | $392.56M | $179.93M | $153.36M | $152.87M | $2.53M | $211.05M | $4.27M | $204.36M | $364.7M | -$958.19M | |
| — | -96.62% | -0.76% | -10% | 13.61% | 12.72% | -2.75% | -3.34% | -2.3% | 25.74% | 9.94% | 8.29% | 4.44% | 0.08% | 6.76% | 0.15% | 8.69% | 19.16% | -44.56% | |
| -$8.68M | -$9.76M | -$4.97M | $67.23M | $59.17M | $35.15M | — | — | $1.84M | $928K | $762K | — | — | $876K | -$35K | $635K | — | — | — | |
| -$5.67B | -$14.5B | -$119.55M | -$1.7B | $2.48B | $2.49B | -$40.15M | -$62.92M | -$40.48M | $393.77M | $181.67M | $163.7M | $165.27M | $2.53M | $211.05M | $3.64M | $204.36M | $364.7M | — | |
| -$5.67B | -$14.48B | -$155.2M | -$1.69B | $2.51B | $2.46B | -$105.89M | -$59.96M | -$44.5M | $387.21M | $172.36M | $91.98M | $111.67M | -$30.88M | $64.03M | -$18.37M | $316.22M | $452.42M | -$1.02B | |
| USD/shares | — | -$50.41 | -$0.44 | -$6.28 | $9.17 | $9.04 | -$0.41 | -$0.65 | -$0.42 | $4.13 | $1.94 | $1.77 | $1.81 | $0.03 | $2.42 | $0.04 | $2.40 | $4.25 | -$10.73 |
| USD/shares | — | -$50.41 | -$0.44 | -$6.28 | $8.05 | $7.94 | -$0.41 | -$0.65 | -$0.42 | $4.07 | $1.92 | $1.75 | $1.78 | $0.03 | $2.40 | $0.04 | $2.40 | $4.24 | -$10.73 |
| shares | — | 287.59M | 274.08M | 270.84M | 270.1M | 275.12M | 97.92M | 96.74M | 96.25M | 95.43M | 93.8M | 92.4M | 91.19M | 89.41M | 87.15M | 86.22M | 85.08M | 85.77M | 89.32M |
| shares | — | 287.59M | 274.08M | 270.84M | 307.73M | 313.12M | 97.92M | 96.74M | 96.25M | 96.74M | 94.41M | 93.47M | 92.62M | 90.95M | 87.96M | 87.09M | 85.2M | 86.06M | 89.32M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $574.16M in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 12 similar-size Telecom Services companies (of 39 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Pay TV | $9,700,480,000 | $10,688,204,000 | $11,571,159,000 | $12,505,392,000 | $12,928,707,000 | — | — | — |
| Retail Wireless | $3,795,675,000 | $3,594,197,000 | $3,692,372,000 | $4,180,018,000 | $4,897,205,000 | — | — | — |
| Broadband and Satellite Services | $1,456,052,000 | $1,575,788,000 | $1,755,559,000 | $1,998,093,000 | $1,985,720,000 | — | — | — |
| Other Segment | $294,823,000 | $156,702,000 | $91,928,000 | — | — | — | — | — |
| All Other and Eliminations | — | — | -$95,420,000 | — | -$66,843,000 | — | — | — |
| EchoStar Satellite Services Business | — | — | — | — | — | $16,237,000 | $15,131,000 | $27,231,000 |
| Hughes Business Segment | — | — | — | — | — | $1,860,834,000 | $1,852,742,000 | $1,716,528,000 |
| Network Deployment 5G | — | — | $91,928,000 | — | $73,889,000 | — | — | — |
| Corporate And Other | — | — | — | — | — | — | $18,208,000 | $19,460,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| North America | $14,717,241,000 | $15,508,769,000 | $16,670,377,000 | $18,244,417,000 | $19,479,649,000 | $1,583,802,000 | $1,560,606,000 | $1,490,354,000 |
| Other Excluding North America | $287,748,000 | $316,747,000 | $345,221,000 | $389,829,000 | $339,029,000 | — | — | — |
| All Other Geographic Segments | — | — | — | — | — | $152,679,000 | $199,569,000 | $170,268,000 |
| South and Central America | — | — | — | — | — | $151,426,000 | $125,906,000 | $102,016,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Service | $14,023,730,000 | $14,956,126,000 | $16,145,763,000 | $17,596,265,000 | $18,598,313,000 | $1,630,146,000 | $1,552,924,000 | $1,339,924,000 |
| Equipment Sales and Other Revenue | $981,259,000 | $869,390,000 | $869,835,000 | $1,037,981,000 | $1,220,365,000 | — | — | — |
| Equipment Product | — | — | — | $119,120,000 | — | $110,110,000 | $115,159,000 | $119,657,000 |
| Product Lease | — | — | — | $8,777,000 | — | $6,982,000 | $6,005,000 | — |
| Services and Other Revenue | — | — | — | $1,623,931,000 | — | $1,682,304,000 | $1,619,271,000 | — |
| Services Design Development and Construction | — | — | — | $246,265,000 | — | $88,511,000 | $145,646,000 | $85,753,000 |
| Services Lease | — | — | — | $53,253,000 | — | $52,158,000 | $66,347,000 | $217,304,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Pay TV | $2,425,228,000 | $2,647,954,000 | $2,699,810,000 | $2,933,898,000 | $3,075,579,000 |
| Retail Wireless | -$495,028,000 | -$477,991,000 | -$643,184,000 | -$888,232,000 | $343,785,000 |
| Broadband and Satellite Services | -$1,607,404,000 | -$117,901,000 | -$458,609,000 | $181,615,000 | $209,042,000 |
| Reporting Segments Including Other Segment | -$17,725,104,000 | -$301,853,000 | -$283,352,000 | — | — |
| Other Segment | -$18,047,900,000 | -$2,353,915,000 | -$1,881,369,000 | — | — |
| All Other and Eliminations | — | — | $5,443,000 | — | $10,328,000 |
| Network Deployment 5G | — | — | -$1,881,369,000 | — | -$216,330,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Pay TV | 25% | 24.8% | 23.3% | 23.5% | 23.8% |
| Retail Wireless | -13% | -13.3% | -17.4% | -21.2% | 7% |
| Broadband and Satellite Services | -110.4% | -7.5% | -26.1% | 9.1% | 10.5% |
| Other Segment | -6121.6% | -1502.2% | -2046.6% | — | — |
| Network Deployment 5G | — | — | -2046.6% | — | -292.8% |