EchoStar Corporation
ECHOCommunication ServicesNASDAQTelecom Services · Last scanned Jul 3, 2026
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. With a market capitalization of $29.42B, it sits in large-cap territory. 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.
Market Cap
$29.42B
Beta
1.00
P/E (TTM)
—
P/E (Fwd)
-890.35
EPS (TTM)
$-50.21
EPS (Fwd)
$-0.11
ROE
-112.3%
ROA
0.4%
Cash
$1.52B
Total Debt
$29.24B
Free CF
-$457.9M
52W Change
223.7%
Annual Financials
Cash vs Debt
On the balance sheet, ECHO has $1.52B in cash with $29.24B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$457.9M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -112.3% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 0.4% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $18.63B (2022) to $15.00B (2025), a 19% decline worth watching.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for EchoStar Corporation and its sector.