S

EchoStar Corporation

SATS · CIK 0001415404

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$15.00B5.2%
FY2025
Net income (FY)
−$14.50B12,026.9%
FY2025
Free cash flow (FY)
−$1.07B264.5%
FY2025
Diluted EPS (FY)
$-50.4111,356.8%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
−$10B$0$10B$20BFY2008 · Revenue $2.15B · Net income −$958.2M · 0001193125-11-044057 · filed 2011-02-24FY08Revenue $2.15BNet income −$958.2M0001193125-11-044057 · filed 2011-02-24FY2009 · Revenue $1.90B · Net income $364.7M · 0001104659-12-016268 · filed 2012-03-07 · 0001193125-11-044057 · filed 2011-02-24FY09Revenue $1.90BNet income $364.7M0001104659-12-016268 · filed 2012-03-07 · 0001193125-11-044057 · filed 2011-02-24FY2010 · Revenue $2.35B · Net income $204.4M · 0001104659-13-011985 · filed 2013-02-20 · 0001193125-11-044057 · filed 2011-02-24FY10Revenue $2.35BNet income $204.4M0001104659-13-011985 · filed 2013-02-20 · 0001193125-11-044057 · filed 2011-02-24FY2011 · Revenue $2.76B · 0001047469-14-001113 · filed 2014-02-21FY11Revenue $2.76B0001047469-14-001113 · filed 2014-02-21FY2012 · Revenue $3.12B · Net income $211.0M · 0001047469-15-000972 · filed 2015-02-20FY12Revenue $3.12BNet income $211.0M0001047469-15-000972 · filed 2015-02-20FY2013 · Revenue $3.28B · Net income $2.5M · 0001104659-16-099355 · filed 2016-02-24FY13Revenue $3.28BNet income $2.5M0001104659-16-099355 · filed 2016-02-24FY2014 · Revenue $3.45B · Net income $152.9M · 0001415404-17-000010 · filed 2017-02-24FY14Revenue $3.45BNet income $152.9M0001415404-17-000010 · filed 2017-02-24FY2015 · Revenue $1.85B · Net income $153.4M · 0001415404-18-000005 · filed 2018-02-22FY15Revenue $1.85BNet income $153.4M0001415404-18-000005 · filed 2018-02-22FY2016 · Revenue $1.81B · Net income $179.9M · 0001415404-19-000003 · filed 2019-02-21FY16Revenue $1.81BNet income $179.9M0001415404-19-000003 · filed 2019-02-21FY2017 · Revenue $1.53B · Net income $392.6M · 0001415404-20-000005 · filed 2020-02-20FY17Revenue $1.53BNet income $392.6M0001415404-20-000005 · filed 2020-02-20FY2018 · Revenue $1.76B · Net income −$40.5M · 0001415404-21-000005 · filed 2021-02-23 · 0001415404-20-000005 · filed 2020-02-20FY18Revenue $1.76BNet income −$40.5M0001415404-21-000005 · filed 2021-02-23 · 0001415404-20-000005 · filed 2020-02-20FY2019 · Revenue $1.89B · Net income −$62.9M · 0001415404-22-000005 · filed 2022-02-24 · 0001415404-20-000005 · filed 2020-02-20FY19Revenue $1.89BNet income −$62.9M0001415404-22-000005 · filed 2022-02-24 · 0001415404-20-000005 · filed 2020-02-20FY2020 · Revenue $1.89B · 0001415404-23-000005 · filed 2023-02-23FY20Revenue $1.89B0001415404-23-000005 · filed 2023-02-23FY2021 · Revenue $19.82B · 0001558370-24-002209 · filed 2024-02-29FY21Revenue $19.82B0001558370-24-002209 · filed 2024-02-29FY2022 · Revenue $18.63B · 0001558370-25-001663 · filed 2025-02-27FY22Revenue $18.63B0001558370-25-001663 · filed 2025-02-27FY2023 · Revenue $17.02B · Net income −$1.70B · 0001104659-26-021817 · filed 2026-03-02FY23Revenue $17.02BNet income −$1.70B0001104659-26-021817 · filed 2026-03-02FY2024 · Revenue $15.83B · Net income −$119.5M · 0001104659-26-021817 · filed 2026-03-02FY24Revenue $15.83BNet income −$119.5M0001104659-26-021817 · filed 2026-03-02FY2025 · Revenue $15.00B · Net income −$14.50B · 0001104659-26-021817 · filed 2026-03-02FY25Revenue $15.00BNet income −$14.50B0001104659-26-021817 · filed 2026-03-02FY25Revenue $15.00BNet income −$14.50B0001104659-26-021817 · filed 2026-03-02FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 7.0× since FY2008 · net margin -44.6% → -96.6%

MarginsNet marginFCF margin
-100%-50%0%FY2008 · Net margin -44.6% · FCF margin -5.2%FY08Net margin -44.6%FCF margin -5.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 19.2% · FCF margin -0.9%FY09Net margin 19.2%FCF margin -0.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 8.7% · FCF margin 8.8%FY10Net margin 8.7%FCF margin 8.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · FCF margin 2.5%FY11FCF margin 2.5%derived: (ocf − capex) ÷ revenueFY2012 · Net margin 6.8% · FCF margin -0.3%FY12Net margin 6.8%FCF margin -0.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 0.1% · FCF margin 1.8%FY13Net margin 0.1%FCF margin 1.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 4.4% · FCF margin 4.6%FY14Net margin 4.4%FCF margin 4.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 8.3% · FCF margin -1.8%FY15Net margin 8.3%FCF margin -1.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 9.9% · FCF margin 4.5%FY16Net margin 9.9%FCF margin 4.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 25.7% · FCF margin 9.4%FY17Net margin 25.7%FCF margin 9.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin -2.3% · FCF margin 10.2%FY18Net margin -2.3%FCF margin 10.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin -3.3% · FCF margin 12.6%FY19Net margin -3.3%FCF margin 12.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · FCF margin 6.7%FY20FCF margin 6.7%derived: (ocf − capex) ÷ revenueFY2021 · FCF margin 15.3%FY21FCF margin 15.3%derived: (ocf − capex) ÷ revenueFY2022 · FCF margin 3.1%FY22FCF margin 3.1%derived: (ocf − capex) ÷ revenueFY2023 · Net margin -10.0% · FCF margin -3.9%FY23Net margin -10.0%FCF margin -3.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin -0.8% · FCF margin -1.8%FY24Net margin -0.8%FCF margin -1.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin -96.6% · FCF margin -7.1%FY25Net margin -96.6%FCF margin -7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin -96.6%FCF margin -7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net -96.6% · free cash flow -7.1% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4BFY2008 · OCF $118.0M · FCF −$111.8M · 0001193125-11-044057 · filed 2011-02-24FY08OCF $118.0MFCF −$111.8M0001193125-11-044057 · filed 2011-02-24FY2009 · OCF $196.3M · FCF −$17.6M · 0001193125-11-044057 · filed 2011-02-24FY09OCF $196.3MFCF −$17.6M0001193125-11-044057 · filed 2011-02-24FY2010 · OCF $404.0M · FCF $207.3M · 0001193125-11-044057 · filed 2011-02-24FY10OCF $404.0MFCF $207.3M0001193125-11-044057 · filed 2011-02-24FY2011 · OCF $447.0M · FCF $69.8M · 0001047469-14-001113 · filed 2014-02-21FY11OCF $447.0MFCF $69.8M0001047469-14-001113 · filed 2014-02-21FY2012 · OCF $505.1M · FCF −$7.9M · 0001047469-15-000972 · filed 2015-02-20FY12OCF $505.1MFCF −$7.9M0001047469-15-000972 · filed 2015-02-20FY2013 · OCF $450.5M · FCF $58.6M · 0001104659-16-099355 · filed 2016-02-24FY13OCF $450.5MFCF $58.6M0001104659-16-099355 · filed 2016-02-24FY2014 · OCF $840.1M · FCF $160.1M · 0001415404-17-000010 · filed 2017-02-24FY14OCF $840.1MFCF $160.1M0001415404-17-000010 · filed 2017-02-24FY2015 · OCF $776.5M · FCF −$32.8M · 0001415404-18-000005 · filed 2018-02-22FY15OCF $776.5MFCF −$32.8M0001415404-18-000005 · filed 2018-02-22FY2016 · OCF $803.3M · FCF $81.0M · 0001415404-19-000003 · filed 2019-02-21FY16OCF $803.3MFCF $81.0M0001415404-19-000003 · filed 2019-02-21FY2017 · OCF $726.9M · FCF $143.7M · 0001415404-20-000005 · filed 2020-02-20FY17OCF $726.9MFCF $143.7M0001415404-20-000005 · filed 2020-02-20FY2018 · OCF $734.5M · FCF $179.4M · 0001415404-21-000005 · filed 2021-02-23FY18OCF $734.5MFCF $179.4M0001415404-21-000005 · filed 2021-02-23FY2019 · OCF $656.3M · FCF $237.7M · 0001415404-22-000005 · filed 2022-02-24FY19OCF $656.3MFCF $237.7M0001415404-22-000005 · filed 2022-02-24FY2020 · OCF $534.4M · FCF $125.6M · 0001415404-23-000005 · filed 2023-02-23FY20OCF $534.4MFCF $125.6M0001415404-23-000005 · filed 2023-02-23FY2021 · OCF $4.66B · FCF $3.04B · 0001558370-24-002209 · filed 2024-02-29FY21OCF $4.66BFCF $3.04B0001558370-24-002209 · filed 2024-02-29FY2022 · OCF $3.62B · FCF $570.7M · 0001558370-25-001663 · filed 2025-02-27FY22OCF $3.62BFCF $570.7M0001558370-25-001663 · filed 2025-02-27FY2023 · OCF $2.43B · FCF −$668.3M · 0001104659-26-021817 · filed 2026-03-02FY23OCF $2.43BFCF −$668.3M0001104659-26-021817 · filed 2026-03-02FY2024 · OCF $1.25B · FCF −$292.2M · 0001104659-26-021817 · filed 2026-03-02FY24OCF $1.25BFCF −$292.2M0001104659-26-021817 · filed 2026-03-02FY2025 · OCF −$99.4M · FCF −$1.07B · 0001104659-26-021817 · filed 2026-03-02FY25OCF −$99.4MFCF −$1.07B0001104659-26-021817 · filed 2026-03-02FY25OCF −$99.4MFCF −$1.07B0001104659-26-021817 · filed 2026-03-02’09’13’17’21’25

FY2025: −$99.4M operating cash − $965.7M capex = −$1.07B free cash flow

Returns on capitalReturn on equityReturn on assets
-200%-100%0%FY2009 · ROE 13.7% · ROA 10.5%FY09ROE 13.7%ROA 10.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 6.8% · ROA 5.3%FY10ROE 6.8%ROA 5.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 6.7% · ROA 3.2%FY12ROE 6.7%ROA 3.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 0.1% · ROA 0.0%FY13ROE 0.1%ROA 0.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 4.3% · ROA 2.1%FY14ROE 4.3%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 4.1% · ROA 2.1%FY15ROE 4.1%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 4.6% · ROA 2.0%FY16ROE 4.6%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 9.3% · ROA 4.5%FY17ROE 9.3%ROA 4.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -1.0% · ROA -0.5%FY18ROE -1.0%ROA -0.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -1.7% · ROA -0.9%FY19ROE -1.7%ROA -0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -8.6% · ROA -3.0%FY23ROE -8.6%ROA -3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE -0.6% · ROA -0.2%FY24ROE -0.6%ROA -0.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE -251.4% · ROA -33.7%FY25ROE -251.4%ROA -33.7%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE -251.4%ROA -33.7%derived: net income ÷ equity · derived: net income ÷ assets’09’13’16’19’25

return on equity 14% (FY2009) → -251% (FY2025) · on assets -33.7%

Balance sheetLiabilitiesEquity
$0$20B$40B$60BFY2009 · Liabilities $803.2M · Equity $2.66BFY09Liabilities $803.2MEquity $2.66B0001193125-11-044057 · filed 2011-02-24FY2010 · Liabilities $828.8M · Equity $3.01BFY10Liabilities $828.8MEquity $3.01B0001104659-12-016268 · filed 2012-03-07FY2011 · Liabilities $3.49B · Equity $3.04BFY11Liabilities $3.49BEquity $3.04B0001104659-13-011985 · filed 2013-02-20FY2012 · Liabilities $3.45B · Equity $3.14BFY12Liabilities $3.45BEquity $3.14B0001047469-14-001113 · filed 2014-02-21FY2013 · Liabilities $3.48B · Equity $3.22BFY13Liabilities $3.48BEquity $3.22B0001047469-15-000972 · filed 2015-02-20FY2014 · Liabilities $3.63B · Equity $3.53BFY14Liabilities $3.63BEquity $3.53B0001104659-16-099355 · filed 2016-02-24FY2015 · Liabilities $3.43B · Equity $3.70BFY15Liabilities $3.43BEquity $3.70B0001415404-17-000010 · filed 2017-02-24FY2016 · Liabilities $5.00B · Equity $3.92BFY16Liabilities $5.00BEquity $3.92B0001415404-18-000005 · filed 2018-02-22FY2017 · Liabilities $4.57B · Equity $4.20BFY17Liabilities $4.57BEquity $4.20B0001415404-19-000003 · filed 2019-02-21FY2018 · Liabilities $4.62B · Equity $4.15BFY18Liabilities $4.62BEquity $4.15B0001415404-20-000005 · filed 2020-02-20FY2019 · Liabilities $3.41B · Equity $3.67BFY19Liabilities $3.41BEquity $3.67B0001415404-21-000005 · filed 2021-02-23FY2020 · Liabilities $3.47B · Equity $3.54BFY20Liabilities $3.47BEquity $3.54B0001415404-22-000005 · filed 2022-02-24FY2021 · Liabilities $2.63B · Equity $3.35BFY21Liabilities $2.63BEquity $3.35B0001415404-23-000005 · filed 2023-02-23FY2022 · Liabilities $36.70B · Equity $21.49BFY22Liabilities $36.70BEquity $21.49B0001558370-24-002209 · filed 2024-02-29FY2023 · Liabilities $36.72B · Equity $19.88BFY23Liabilities $36.72BEquity $19.88B0001558370-25-001663 · filed 2025-02-27FY2024 · Liabilities $40.69B · Equity $20.19BFY24Liabilities $40.69BEquity $20.19B0001104659-26-021817 · filed 2026-03-02FY2025 · Liabilities $37.20B · Equity $5.77BFY25Liabilities $37.20BEquity $5.77B0001104659-26-021817 · filed 2026-03-02FY25Liabilities $37.20BEquity $5.77B0001104659-26-021817 · filed 2026-03-02’09’13’17’21’25

FY2025: $43.02B assets · $37.20B liabilities · $5.77B equity

The receipts