EchoStar Corporation provides broadband satellite technologies and broadband Internet services. The company is headquartered in Englewood, Colorado.
| Revenue (TTM) | $14.80B |
| Gross Profit (TTM) | $4.01B |
| EBITDA | $1.59B |
| Operating Margin | 8.91% |
| Return on Equity | -112.30% |
| Return on Assets | 0.40% |
| Revenue/Share (TTM) | $51.36 |
| Book Value | $19.47 |
| Price-to-Book | 5.01 |
| Price-to-Sales (TTM) | 2.03 |
| EV/Revenue | 3.712 |
| EV/EBITDA | 20.14 |
| Quarterly Earnings Growth (YoY) | -85.60% |
| Quarterly Revenue Growth (YoY) | -5.20% |
| Shares Outstanding | $158.47M |
| Float | $136.57M |
| % Insiders | 13.79% |
| % Institutions | 112.19% |
Volatility is currently expanding
Investors aren't giving EchoStar enough credit for the value of its future SpaceX stake or its potential to strike more spectrum deals, an analyst argues.
EchoStar (NASDAQ:ECHO) shares got a boost Tuesday after UBS resumed coverage of the stock with a Buy rating and a $150 price target, sending the stock up 4.2%. The UBS upgrade reflects EchoStar's transformation from wireless operator to investment vehicle, following the company's sale of 75-80% of its spectrum portfolio for roughly $43 billion.EchoStar is set to hold a 2% stake in SpaceX, equal to about 262 million shares, once its pending spectrum transaction closes.
The telecom industry's great balance-sheet reshuffling has entered a new phase.
SATS Ltd. (SPASY) Q1 2027 Earnings Call Prepared Remarks Transcript
EchoStar Corporation's latest quarter showed a real improvement in operating efficiency, with Adjusted OIBDA rising to $681.2M from $279.6M despite lower revenue and continued subscriber losses. The reported [EPS] of $24.12 was distorted by a large non-cash deconsolidation gain, so the key takeaway is stronger underlying profitability rather than the headline earnings figure. ECHO stock's sharp decline since my previous Hold-rated article has rebuilt the margin of safety and created a more attractive entry point.
Hughes Network Systems, owned by Charlie Ergen's EchoStar, filed for Chapter 11 bankruptcy on Sunday.
EchoStar Corporation now functions almost entirely as a proxy for SpaceX, with its operating divisions in decline or bankruptcy. ECHO trades at a discount to its implied SpaceX share value, but operational and legal risks cloud the investment case. Every major division—satellite broadband, pay-TV, and mobile—is in or facing bankruptcy, with legal liabilities from tower lawsuits unresolved.
AT&T on Tuesday said it completed its $23 billion acquisition of some wireless spectrum licenses from EchoStar under a deal announced in August 2025.
EchoStar's stock has for months been seen as a way to more cheaply get exposure to SpaceX.
Citi says EchoStar stock doesn't fully reflect the value of the company's future SpaceX stake, leaving meaningful upside for investors.
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