/
EchoStar Corporation is a holding company that was organized in October 2007 as a corporation under the laws of the State of Nevada. EchoStar Corporation together with its subsidiaries are referred to as EchoStar, the Company, we, us and/or our, unless otherwise required by the context.
The business is unprofitable at the operating level (-118.12% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 5.2% YoY. Margins deteriorated 116.2pp alongside, both lines moving the wrong way.
ROIC dropped from -0.50% to -32.05%, capital efficiency is deteriorating. Negative free cash flow of -$1.07B. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$14.80B
▼ -5.2% YoY
Net Income (TTM)
-$14.44B
▼ -12026.9% YoY
Op. Margin
-116.48%
▼ -116.2pp YoY
ROIC
-34.05%
▼ -31.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$909M
▼ -264.5% YoY
Op. Cash Flow (TTM)
-$68M
▼ -107.9% YoY
Net Debt
$27.77B
Cash & Equiv.
$1.52B
5Y CAGR: +51.4%
Continue Research