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EchoStar Corporation

SATSCommunication ServicesNASDAQ

Telecom Services

PriceMA150MA200
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Financials · Annual
Revenue
$15.00B
-5.2% YoY
Net Income
-$14.50B
-12026.9% YoY
EBITDA
-$15.79B
-775.7% YoY
Free Cash Flow
-$457.9M

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About EchoStar Corporation

Headquartered within the communication services sector, EchoStar Corporation focuses on Telecom Services services and products. 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. The $37.44B market capitalization puts SATS squarely in large-cap range for its industry. 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.

Key stats
Market Cap$37.44B
Fwd P/E-1133.25
EPS$-50.21
Beta0.96
52W Change+609.5%
ROE-112.3%
Analysis

On the balance sheet, SATS 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.

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. 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.

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