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Stocks / United States / ECHO · Communications Services, Nec · Nasdaq

EchoStar Corp. (ECHO)

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EchoStar Corp. (ECHO) reported revenue of $3.6 billion for Q2 FY2026, the quarter ended 30 June 2026, down 4.0% on the same quarter a year earlier. Net income was $8.5 billion, and diluted earnings per share $24.12. The figures are the company's own, from the 10-Q it filed with the SEC on 3 August 2026.

Revenue$3.6 billiondown 4.0%
Net income$8.5 billion
Diluted EPS$24.12
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE-40.1%
ROCE-54.8%
Operating margin-112.7%
Net margin-38.7%
FCF margin-4.9%
Interest covern/a
Debt to equity1.13
Cash conversionn/a
Share count, 1 yearn/a
Sales CAGR, 3 years-7.0%
Profit CAGR, 3 yearsn/a
EPS, TTM-$25.03

At the close of 21 September 2026

Price$95.36
Market cap$33.5 billion
Stock P/En/a
Price to book2.37
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales2.29
52-week high$141.80
52-week low$66.93
Price, 1 year31.6%
Price CAGR, 3 years74.7%
Price CAGR, 5 years29.7%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the one borrowings figure EchoStar Corp. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ECHO

Filings20 in twelve months: 11 current reports (8-K), about 5 officer or director change; 5 other events; 3 regulation fd disclosure; 2 obligation accelerated; 2 termination of a material agreement
Planned insider sales14 Form 144 notices in twelve months, $66.7 million; latest 25 August 2026
Options tapeput/call 0.65 by open interest on 23 September 2026; the straddle prices a 3.5% move to 25 September 2026
Holders11 of the followed funds hold it; largest Citadel Advisors; 20 Schedule 13D or 13G filings in twelve months
Insider trading40 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest27.8 million shares short, 11.23 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 0 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue4134,1634,0153,9533,8913,9673,8703,7253,6143,7963,6673,576
R&D6.588.425.029.020.017.018.016.019.015.016.014.0
SG&A1052,667624595643564598629621531639548
Operating income22.1-852-15.2-65.4-161-62.7-88.1-213-16,642-780393513
Operating margin5%-20%-0%-2%-4%-2%-2%-6%-460%-21%11%14%
Interest expense12.7n/an/an/an/an/an/an/an/an/an/an/a
Pre-tax income9.1-2,008-110-224-179438-267-392-16,937-1,297-1689,790
Tax rate94%n/an/an/an/a23%n/an/an/an/an/a14%
Net income3.2-2,030-107-206-142335-203-306-12,781-1,207-1478,462
Net margin1%-49%-3%-5%-4%8%-5%-8%-354%-32%-4%237%
Diluted EPS$0.04-$7.48-$0.40-$0.76-$0.52$1.24-$0.71-$1.06-$44.37-$4.27-$0.51$24.12
Operating cash flow1102,13245148027645.62077.5112-425238-10.0
Capital expenditure82.42,89452034733434425829325615813392.3
Free cash flow27.7-762-68.4132-57.5-299-51.7-286-144-583105-102
Buybacks0.0n/an/an/an/an/an/an/an/an/an/an/a
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Revenue3,4461,8491,8101,5251,7631,8861,88819,81918,63417,01615,82615,00514,654
Cost of revenue1,289195204212n/an/an/an/an/an/an/an/an/a
Gross profit2,1572,1959191,673n/an/an/an/an/an/an/an/an/a
Gross margin62.6%118.7%50.8%109.7%n/an/an/an/an/an/an/an/an/a
Research and development60.926.431.231.727.625.729.491.011011091.068.064.0
Selling, general and administrative3723183253704365094752,6863,0152,9892,4272,3802,340
Operating income32827429630.636.173.11123,4222,233-278-304-17,723-16,516
Operating margin9.5%14.8%16.4%2.0%2.1%3.9%6.0%17.3%12.0%-1.6%-1.9%-118.1%-112.7%
Interest expense17112212418421925114895.557.290.4n/an/an/a
Pre-tax income178139217-32.2-126-93.2-27.83,3503,335-1,932-75.6-18,893-8,612
Income tax30.851.280.3-1556.620.524.1828798-29748.9-4,386-2,930
Effective tax rate17.3%36.8%37.0%n/an/an/an/a24.7%23.9%n/an/an/an/a
Net income153153180393-40.5-62.9-40.12,4862,478-1,702-120-14,497-5,673
Net margin4.4%8.3%9.9%25.7%-2.3%-3.3%-2.1%12.5%13.3%-10.0%-0.8%-96.6%-38.7%
Diluted EPS$1.78$1.75$1.92$4.07-$0.42-$0.65-$0.41$0.81$2.10-$6.28-$0.44-$50.41-$25.03
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Operating cash flown/a7768037277356565344,6553,6212,4331,253-99.4-85.3
Capital expenditure6808097225835554194091,6193,0503,1011,545966640
Free cash flown/a-32.881.01441792381263,036571-668-292-1,065-725
Free cash flow marginn/a-1.8%4.5%9.4%10.2%12.6%6.7%15.3%3.1%-3.9%-1.8%-7.1%-4.9%
Depreciation and amortisation5574614333864574912381,2141,1751,5981,9301,586941
Share-based compensation14.721.815.210.110.09.48.959.483.051.536.436.343.5
Buybacksn/an/a0.00.033.30.043.526189.3n/an/a48.5n/a
Diluted shares, weighted93m93m94m97m96m97m98m90m84m271m274m288m352m
Shares outstanding at period endn/an/an/an/an/a48mn/an/an/an/an/an/an/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Total assets7,2547,2099,0098,7508,6617,1547,0736,04558,74857,10960,93943,01639,425
Cash and equivalents5499242,5712,4319281,5198965362,4981,8214,3051,883440
Receivables1631791831972011971841821,1831,1221,1991,274906
Inventory63.067.062.683.675.479.698.0103626665455381322
Goodwill5115115045045045075127367580.00.00.0n/a
Long-term debtn/a1,8603,3583,3653,3042,3892,3931,4961,497n/an/an/an/a
Long-term debt including finance leases2,3262,1573,6233,5942,3862,3901,4951,4961,49719,71725,66018,65915,985
Borrowings, as the company tags them2,0011,891n/an/an/an/an/an/a22,88222,71027,09226,35317,630
Operating lease liabilitiesn/an/an/an/a0.096.91151352,8093,1213,2114,137120
Finance lease liabilitiesn/an/an/an/an/a0.60.10.075.367.236.82.5113
Shareholders' equity3,5333,6953,9204,1634,1403,6703,5423,35421,48819,88020,1915,76614,155
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded23.3%51.4%-7.0%-5.2%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-16.5%-35.0%-86.9%-251.4%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Filings

FilingPeriodFiledWhere
10-Q30 June 20263 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K/A31 December 202530 April 2026EDGAR
10-K31 December 20252 March 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20251 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR

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