Company data sheet · EchoStar
EchoStar: three lost years, and the economy wasn't the reason.
- Industry
- Communications Services
- Headquarters
- United States
- Ticker
- ECHO (Nasdaq)
- Sources
- SEC filings (2007–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to three straight losses. EchoStar earned $0.7 billion in 2015–2017. Then it lost money every year from 2018 to 2020: $0.2 billion in all. 2021 was its first profit in four years: $2.5 billion.
- It outgrew its own economy many times over. Revenue rose from $1.8 billion in 2016 to $15 billion in 2025: 8.3 times as much. The US economy, counted the same way in money terms, grew about 60%. Whatever drove it, the economy around it does not account for growth of that size.
- It wasn't the cycle. The losses began in 2018, a year the US economy grew 3.0%. When a company falls while its economy grows, look inside the company first.
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 729% in US dollars; the median among 75 large transportation and utility companies grew 53%. It outgrew 93% of them.
- Still smaller than it was. Revenue reached $15 billion in 2025, 24% below its 2021 peak of $19.8 billion.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $1.8 billion | $0.2 billion | |
| 2017 | $1.9 billion | $0.4 billion | |
| 2018 | $1.8 billion | −$0 billion | |
| 2019 | $1.9 billion | −$0.1 billion | |
| 2020 | $1.9 billion | −$0.1 billion | |
| 2021 | $19.8 billion | $2.5 billion | |
| 2022 | $18.6 billion | $2.5 billion | |
| 2023 | $17 billion | −$1.7 billion | |
| 2024 | $15.8 billion | −$0.1 billion | |
| 2025 | $15 billion | −$14.5 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 52 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (30 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 123 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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