EchoStar (ECHO) stock
Communication Services · Wireless Telecommunication Services
EchoStar (ECHO) is a Wireless Telecommunication Services company in the Communication Services sector, headquartered in Englewood, Colorado. As of October 23, 2026, ECHO closed at $89.08, a market capitalization of $25.91 billion, the 353rd largest company in the S&P 500. Over the last twelve months it generated $14.65 billion in revenue (-4% year over year) and -$827.71 million in free cash flow.
- 1-year total return: +22.0% (dividends reinvested)
- 5-year return: +29.8% a year
- 52-week range: $65.76 – $147.25
- Gross margin 29.5%, operating margin 14.3%
- FI Handbook report card: D across 10 metrics
- 17th largest of 22 Communication Services stocks in the S&P 500
ECHO price chart
1Y price change: +22.0% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| ECHO | -3.9% | -18.0% | +22.0% | +86.7% | +29.8% | +9.0% | +6.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2008.
ECHO key statistics
- Market cap
- $25.9B
- #353 in S&P 500
- P/E (TTM)
- —
- Forward P/E
- 5.8x
- EPS (TTM)
- $-24.77
- Revenue (TTM)
- $14.7B
- -4%
- Free cash flow
- -$827.7M
- Gross margin
- 29.5%
- Operating margin
- 14.3%
- Return on equity
- -33.4%
- Dividend yield
- None
- 52-week range
- $65.76 – $147.25
- Beta
- 0.99
- Price / sales
- 1.8x
- EV / EBITDA
- 21.6x
- Debt / equity
- 1.24x
- Employees
- 12,100
ECHO report card
DTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-4.0%F
- Gross margin29.5%C
- Operating margin14.3%C
- FCF margin-5.6%F
- Return on equity-33.4%F
- Net debt / EBITDA8.6xF
- Forward P/E5.8xA
- PEG ratio1.3xB
- Shareholder yield0.2%F
- Share count change / yr24.0%F
EchoStar financials
Revenue went from $1.8B in fiscal 2016 to $15.0B in fiscal 2025, growing 26.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $1.5B | $1.8B | $1.9B | $1.9B | $19.8B | $18.6B | $17.0B | $15.8B | $15.0B |
| Gross profit | $1.6B | $1.3B | — | — | — | — | — | — | — | — |
| Operating income | $296.2M | $30.6M | $36.1M | $73.1M | $112.5M | $3.4B | $2.2B | -$277.9M | -$304.1M | -$17.7B |
| Net income | $179.9M | $392.6M | -$40.5M | -$62.9M | -$51.9M | $2.5B | $2.5B | -$1.7B | -$119.5M | -$14.5B |
| EPS (diluted) | $1.56 | $4.07 | $-0.42 | $-0.65 | $-0.41 | $7.94 | $8.05 | $-6.28 | $-0.44 | $-50.41 |
| Free cash flow | $81.0M | $143.7M | $179.4M | $237.7M | $125.6M | $3.0B | $570.7M | -$668.3M | -$292.2M | -$1.1B |
| Buybacks | $0 | $0 | $33.3M | $0 | $43.5M | $261.4M | $89.3M | — | — | $48.5M |
| Diluted shares | 116.5M | 96.7M | 96.3M | 96.7M | 97.9M | 313.1M | 307.7M | 270.8M | 274.1M | 287.6M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into ECHO?
A reverse DCF asks what growth the current price requires. With an enterprise value of $43.0B and -$827.7M of trailing free cash flow, EchoStar needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 1.6x vs. median 19.0x (10th–90th percentile 2.3x–904.1x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
ECHO analyst price targets
10 analysts' average 12-month target is $130.20 (+46% vs. $89.08). Targets range from $103.00 to $156.00. 100% rate it a buy.
ECHO earnings
Next report: November 5, 2026. Last quarter's revenue was $3.6B (-4% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 3, 2026 | $2.62 | $0.14 | -94.8% |
| May 11, 2026 | $-1.22 | $-0.71 | +42.1% |
| Mar 2, 2026 | $-0.65 | $-0.37 | +42.6% |
| Nov 6, 2025 | $-1.22 | $-1.19 | +2.0% |
| Aug 1, 2025 | $-1.04 | $-1.06 | -1.8% |
| May 9, 2025 | $-0.87 | $-0.71 | +18.0% |
| Feb 27, 2025 | $-0.49 | $1.23 | +348.6% |
| Nov 12, 2024 | $-0.30 | $-0.52 | -70.6% |
Stocks like ECHO
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 TMUS T-Mobile US | -7.71% | -32% | $157.2B | 15.3x | Compare |
 GOOGL Alphabet | -1.24% | +27% | $3.9T | 16.1x | Compare |
 GOOG Alphabet | -1.08% | +25% | $3.9T | 15.9x | Compare |
 META Meta Platforms | -0.96% | -12% | $1.6T | 21.9x | Compare |
 NFLX Netflix | -1.79% | -41% | $274.2B | 19.0x | Compare |
 DIS Walt Disney | -0.54% | +1% | $194.3B | 23.2x | Compare |
 VZ Verizon Communications | -1.19% | +24% | $185.6B | 11.6x | Compare |
 T AT&T | -7.96% | -11% | $141.0B | 11.2x | Compare |
ECHO news
- EchoStar (ECHO) Stock Looks Pricey On A Very Large Three Year Run · Oct 23, 2026
- Why Is EchoStar Stock Rising in Pre-Market Trading? · Oct 21, 2026
- JPMorgan sees 67% upside in a hidden SpaceX bet · Oct 20, 2026
- Why Are SPCX, ECHO, KO Stocks Moving Premarket Today? · Oct 16, 2026
- Is AT&T Worth Buying as Fiber Growth Offsets Rising Leverage Risks? · Oct 22, 2026
ECHO stock FAQ
What is ECHO's market cap?
EchoStar's market capitalization is $25.91 billion as of October 23, 2026, ranking 353rd in the S&P 500.
Does ECHO pay a dividend?
No. EchoStar does not currently pay a regular cash dividend.
How much has ECHO stock returned?
Including reinvested dividends, ECHO returned +22.0% over one year, +29.8% a year over five years, +9.0% a year over ten years through October 23, 2026.
What is the ECHO price target?
10 analysts cover ECHO with an average 12-month price target of $130.20, +46% from the current price. 100% of them rate it a buy.
When does ECHO report earnings?
EchoStar is expected to report earnings on November 5, 2026.
How many employees does EchoStar have?
EchoStar has about 12,100 full-time employees, or $1.2 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology