EchoStar CORP (ECHO)
Communication Services · Wireless Telecommunication Services · US stock · S&P 500 component
$85.79
▼ -6.85 (7.39%)
Fair valueOvervalued
$62 −27.5% to fair value
$31fair band $53–$75$93
Day's range
$85.50 – $90.85
52-week range
$65.76 – $147.25
About EchoStar CORP
EchoStar is a communications company with satellite, pay television and wireless operations. Its businesses include Hughes satellite broadband, DISH and Sling pay television, and Boost Mobile wireless service. It also develops satellite and mobile network technology. Customers are consumers, businesses, government agencies and enterprises that need connectivity in places terrestrial networks do not reach.
Monthly subscriptions for television, broadband and mobile service, together with equipment and network services, generated revenue of $14.7 billion over the last twelve months. Revenue has changed at -7.0% a year across the last three years. The operating margin is -112.7%, a large operating loss, and the business earns -42% on the capital invested in it. No dividend is paid. On the site's X-Ray Score it receives 11 out of 100.
Price chart
52-wk range $65.76 – $147.25Volume 3,868,543Daily, split-adjusted
Vitals
Market cap$30.2B
52-week range$65.76 – $147.25
Volume (last day)3,868,543
P/E (TTM)3.0
EBIT / EV yield-34.9%
Free-cash-flow yield-2.4%
Dividend yieldNo dividend
Revenue (TTM)$14.7B
Net income (TTM)$8.8B
Operating margin-112.7%
Return on capital-41.8%
Debt incl. leases$17.6B
Cash & securities$496M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$62middle half of models $52 – $70
Overvalued
−27.5% to fair value
Average of the 4 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $86
Undervalued < $53Fair $53 – $75Overvalued > $75
P/E multiple
$85
P/B multiple
$65
P/S multiple
$54
EV/revenue multiple
$45
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Communication Services peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
12/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield-34.9%
Free-cash-flow yield-2.4%
Fair value vs price0.7×
Growth
Weak
3/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-7.0%
Growth consistency0%
Profitability
Weak
3/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital-41.8%
Operating margin-112.7%
Financial health
Weak
27/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score2 / 9
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
-3.6%
Mar '25
-5.8%
Jun '25
-7.1%
Sep '25
-4.3%
Dec '25
-5.2%
Mar '26
-4.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.6B, diluted EPS $24.12.
Compare with peers
TMUS T-Mobile US, Inc.69Other Wireless Telecommunication Services companies by X-Ray Score.
SWOT analysis: EchoStar CORP
Strengthsinside the company
- No standout strength in the figures we track.
Weaknessesinside the company
- Return on invested capital is only -41.8% (median 11.8% for sector peers), so the business earns little above its cost of capital.
- Operating margin of -112.7% is thin against 19.8% for sector peers.
- Revenue has fallen 7.0% a year over three years while sector peers grew 6.5%.
- Free cash flow is negative, so spending or debt has to be financed from outside.
Opportunitiesvaluation and setting
- Trades at 3.4x earnings, 84% below the 20.8x median of sector peers.
- Our Market Compass rates the backdrop for Communication Services as favourable.
Threatsvaluation and setting
- The price is 28% above our fair value estimate, so there is little room for disappointment.
- The price trend is down on the daily and weekly signals.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare ECHO with peers and sector
Medians of 17 Communication Services peers and of 17 Communication Services stocks in our universe.
Largest peers (X-Ray Score): GOOG 50, META 58, NFLX 58, CCZ 48, DIS 56, VZ 49.
| Metric | ECHO | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 11 | 52 | 52 |
| Valuation | 12 | 54 | 54 |
| Growth | 3 | 55 | 55 |
| Profitability | 3 | 54 | 54 |
| Financial health | 27 | 52 | 52 |
| Dividends | – | 47 | 47 |
Sector leaders: highest X-Ray Score in Communication Services
ECHO ranks #18 of 18 in Communication Services by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for ECHO
Each factor is rated by where ECHO stands among the 18 Communication Services stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 6 Good · 1 Average · 9 Bad of 16
Growth: 0 · 0 · 2
Profitability: 2 · 0 · 2
Financial strength: 1 · 0 · 1
Valuation: 2 · 1 · 1
Cash flow: 0 · 0 · 3
Efficiency: 1 · 0 · 0
| Factor | ECHO | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | −7.0% | Bad beats 3% | +5.6% | – | – |
| Revenue growth, last year | −5.2% | Bad beats 3% | +7.7% | −6.0% | ≈ In line |
| Profitability | |||||
| Operating margin | -112.7% | Bad beats 3% | 19.3% | -1.6% | ▼ Worse |
| Net margin | 59.9% | Good beats 92% | 10.6% | -0.3% | ▲ Better |
| Return on invested capital | -41.8% | Bad beats 3% | 10.4% | – | – |
| Return on equity | 62.0% | Good beats 86% | 17.9% | -0.6% | ▲ Better |
| Financial strength | |||||
| Current ratio | 5.20 | Good beats 92% | 1.10 | 1.05 | ▲ Better |
| Piotroski F-score | 2 / 9 | Bad beats 3% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 3.4x | Good beats 91% | 20.8x | – | – |
| Price / book | 2.1x | Good beats 75% | 2.8x | 0.3x | ▼ Worse |
| Price / sales | 2.1x | Average beats 47% | 2.0x | 0.4x | ▼ Worse |
| Free cash flow yield | -2.4% | Bad beats 4% | 3.9% | -3.4% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | -4.9% | Bad beats 3% | 15.7% | -1.8% | ▼ Worse |
| Cash from operations / net income | -0.01 | Bad beats 3% | 1.98 | – | – |
| Accruals (lower is better) | +22.5% | Bad beats 3% | −5.8% | – | – |
| Efficiency | |||||
| Days sales outstanding | 23 days | Good beats 91% | 47 days | 24 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 1 Good · ● 0 Average · ● 10 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 19/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $19.8B | $18.6B | $17.0B | $15.8B | $15.0B |
| Operating income | $3.4B | $2.2B | −$278M | −$304M | −$17.7B |
| Net income | $63M | $167M | −$496M | −$125M | −$52M |
| Operating cash flow | $4.7B | $3.6B | $2.4B | $1.3B | −$99M |
| Operating margin | 17.3% | 12.0% | -1.6% | -1.9% | -118.1% |
| Free cash flow | $3.0B | $571M | −$668M | −$292M | −$1.1B |
| Diluted EPS | $7.94 | $8.05 | $-6.28 | $-0.44 | $-50.41 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
2 bullish · 2 neutral · 12 bearish
Weekly
Bearish
4 bullish · 1 neutral · 7 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 89.26 | Bearish |
| EMA 10 | 89.09 | Bearish |
| SMA 20 | 91.15 | Bearish |
| EMA 20 | 90.31 | Bearish |
| SMA 50 | 90.63 | Bearish |
| EMA 50 | 91.86 | Bearish |
| SMA 100 | 95.26 | Bearish |
| EMA 100 | 95.67 | Bearish |
| SMA 200 | 107.6 | Bearish |
| EMA 200 | 95.42 | Bearish |
Oscillators (daily)
| RSI (14) | 42.25 | Neutral |
| MACD (12, 26) | -1.17 | Bearish |
| Momentum (12) | -14.22 | Bearish |
| Stochastic %K (14) | 16.84 | Bullish |
| Williams %R (14) | -83.16 | Bullish |
| CCI (20) | -74.74 | Neutral |
Pivot points (classic, last session)
S3 78.56 | S2 82.03 | S1 83.91 | Pivot 87.38 | R1 89.26 | R2 92.73 | R3 94.61 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
ETFs that hold ECHO
| ETF | Share of the fund |
|---|---|
| IYZ iShares U.S. Telecommunications | 2.34% |
| NASA Tema ETF | 2.18% |
| XLC Communication Services Select Sector S... | 1.67% |
| RPG Invesco S&P 500 Pure Growth | 1.33% |
| VOX Vanguard Communication Services | 1.09% |
| JTEK JPMorgan U.S. Tech Leaders | 0.74% |
| FCOM Fidelity MSCI Communication Services I... | 0.67% |
| VTWO Vanguard Russell 2000 | 0.51% |
The eight funds with the largest weight in ECHO among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
ECHO SEC filings
8-KSEC EDGAR
Entered a material agreement; Completed an acquisition or disposal
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Bankruptcy or receivership; Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Completed an acquisition or disposal; Other events
8-KSEC EDGAR
Director or officer change; Other events
8-KSEC EDGAR
Director or officer change
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.