EchoStar (ECHO)
Market Price (8/15/2026): $92.3 | Market Cap: $26.8 BilSector: Communication Services | Industry: Wireless Telecommunication Services
EchoStar (ECHO)
Market Price (8/15/2026): $92.3Market Cap: $26.8 BilSector: Communication ServicesIndustry: Wireless Telecommunication Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, and Future of Freight. Themes include Supply Chain Digitization, and Freight Technology. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 64% Stock price has recently run up significantly12M Rtn12 month market price return is 224% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -4.0% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.6% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -26% |
| Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, and Future of Freight. Themes include Supply Chain Digitization, and Freight Technology. |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 64% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 224% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -4.0% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -26% |
Qualitative Assessment
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Updated on 8/12/2026
EchoStar (ECHO) stock has lost about 25% since 4/30/2026 because of the following key factors:
EchoStar's stock experienced an approximate 11.87% decline since April 30, 2026, closing at $104.96 on April 30, 2026, and $92.50 on August 12, 2026. This trend was primarily driven by several company-specific factors.
1. Subsidiary Bankruptcies and Restructuring Initiatives.
EchoStar's stock was negatively impacted by significant restructuring announcements from its key subsidiaries. In fiscal Q2 2026 (the quarter ending June 30, 2026), DISH DBS Corporation, the primary pay-TV broadcast arm, filed for prepackaged Chapter 11 restructuring to address $10 billion in subsidiary-level debt. Following this, EchoStar's Hughes Satellite Systems Corporation filed for Chapter 11 reorganization on August 3, 2026, to address maturing secured and unsecured debt, which triggered an event of default and automatic acceleration under its 5.25% Senior Secured Notes due 2026 and 6.625% Senior Notes due 2026.
2. Revenue Miss Amidst Ongoing Subscriber Losses.
Despite reporting a diluted earnings per share (EPS) of $24.12 in fiscal Q2 2026 (a significant beat over analyst estimates due to a non-cash gain of approximately $9.73 billion from deconsolidation), EchoStar's revenue missed expectations. The company reported quarterly revenue of $3.58 billion, falling short of analyst estimates and representing a 4.0% decrease year-over-year. This revenue decline was accompanied by continued subscriber losses across its segments, including a decrease of approximately 241,000 pay-TV subscribers, 118,000 retail wireless subscribers, and 59,000 broadband subscribers in fiscal Q2 2026.
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EchoStar (ECHO) stock has lost about 25% since 4/30/2026 because of the following key factors:
EchoStar's stock experienced an approximate 11.87% decline since April 30, 2026, closing at $104.96 on April 30, 2026, and $92.50 on August 12, 2026. This trend was primarily driven by several company-specific factors.
1. Subsidiary Bankruptcies and Restructuring Initiatives.
EchoStar's stock was negatively impacted by significant restructuring announcements from its key subsidiaries. In fiscal Q2 2026 (the quarter ending June 30, 2026), DISH DBS Corporation, the primary pay-TV broadcast arm, filed for prepackaged Chapter 11 restructuring to address $10 billion in subsidiary-level debt. Following this, EchoStar's Hughes Satellite Systems Corporation filed for Chapter 11 reorganization on August 3, 2026, to address maturing secured and unsecured debt, which triggered an event of default and automatic acceleration under its 5.25% Senior Secured Notes due 2026 and 6.625% Senior Notes due 2026.
2. Revenue Miss Amidst Ongoing Subscriber Losses.
Despite reporting a diluted earnings per share (EPS) of $24.12 in fiscal Q2 2026 (a significant beat over analyst estimates due to a non-cash gain of approximately $9.73 billion from deconsolidation), EchoStar's revenue missed expectations. The company reported quarterly revenue of $3.58 billion, falling short of analyst estimates and representing a 4.0% decrease year-over-year. This revenue decline was accompanied by continued subscriber losses across its segments, including a decrease of approximately 241,000 pay-TV subscribers, 118,000 retail wireless subscribers, and 59,000 broadband subscribers in fiscal Q2 2026.
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Updated on 8/12/2026
EchoStar (ECHO) stock has lost about 25% since 4/30/2026 because of the following key factors:
EchoStar's stock experienced an approximate 11.87% decline since April 30, 2026, closing at $104.96 on April 30, 2026, and $92.50 on August 12, 2026. This trend was primarily driven by several company-specific factors.
1. Subsidiary Bankruptcies and Restructuring Initiatives.
EchoStar's stock was negatively impacted by significant restructuring announcements from its key subsidiaries. In fiscal Q2 2026 (the quarter ending June 30, 2026), DISH DBS Corporation, the primary pay-TV broadcast arm, filed for prepackaged Chapter 11 restructuring to address $10 billion in subsidiary-level debt. Following this, EchoStar's Hughes Satellite Systems Corporation filed for Chapter 11 reorganization on August 3, 2026, to address maturing secured and unsecured debt, which triggered an event of default and automatic acceleration under its 5.25% Senior Secured Notes due 2026 and 6.625% Senior Notes due 2026.
2. Revenue Miss Amidst Ongoing Subscriber Losses.
Despite reporting a diluted earnings per share (EPS) of $24.12 in fiscal Q2 2026 (a significant beat over analyst estimates due to a non-cash gain of approximately $9.73 billion from deconsolidation), EchoStar's revenue missed expectations. The company reported quarterly revenue of $3.58 billion, falling short of analyst estimates and representing a 4.0% decrease year-over-year. This revenue decline was accompanied by continued subscriber losses across its segments, including a decrease of approximately 241,000 pay-TV subscribers, 118,000 retail wireless subscribers, and 59,000 broadband subscribers in fiscal Q2 2026.
3. Executive Leadership Changes and Insider Selling.
The period saw notable changes in EchoStar's leadership, which likely contributed to investor uncertainty. Former CEO Hamid Akhavan resigned on July 6, 2026, with Chairman Charlie Ergen assuming direct leadership over the Hughes business. Additionally, Hamid Akhavan executed significant insider sales, including 52,586 shares for $6,362,906.00 on June 5, 2026. Similarly, John Swieringa, the President of Technology & Chief Operating Officer, sold 50,088 shares for $5,688,995.04 on March 4, 2026. These substantial insider sales, totaling over $5 million, could signal a lack of executive confidence.
Show less
EchoStar (ECHO) stock has lost about 25% since 4/30/2026 because of the following key factors:
EchoStar's stock experienced an approximate 11.87% decline since April 30, 2026, closing at $104.96 on April 30, 2026, and $92.50 on August 12, 2026. This trend was primarily driven by several company-specific factors.
1. Subsidiary Bankruptcies and Restructuring Initiatives.
EchoStar's stock was negatively impacted by significant restructuring announcements from its key subsidiaries. In fiscal Q2 2026 (the quarter ending June 30, 2026), DISH DBS Corporation, the primary pay-TV broadcast arm, filed for prepackaged Chapter 11 restructuring to address $10 billion in subsidiary-level debt. Following this, EchoStar's Hughes Satellite Systems Corporation filed for Chapter 11 reorganization on August 3, 2026, to address maturing secured and unsecured debt, which triggered an event of default and automatic acceleration under its 5.25% Senior Secured Notes due 2026 and 6.625% Senior Notes due 2026.
2. Revenue Miss Amidst Ongoing Subscriber Losses.
Despite reporting a diluted earnings per share (EPS) of $24.12 in fiscal Q2 2026 (a significant beat over analyst estimates due to a non-cash gain of approximately $9.73 billion from deconsolidation), EchoStar's revenue missed expectations. The company reported quarterly revenue of $3.58 billion, falling short of analyst estimates and representing a 4.0% decrease year-over-year. This revenue decline was accompanied by continued subscriber losses across its segments, including a decrease of approximately 241,000 pay-TV subscribers, 118,000 retail wireless subscribers, and 59,000 broadband subscribers in fiscal Q2 2026.
3. Executive Leadership Changes and Insider Selling.
The period saw notable changes in EchoStar's leadership, which likely contributed to investor uncertainty. Former CEO Hamid Akhavan resigned on July 6, 2026, with Chairman Charlie Ergen assuming direct leadership over the Hughes business. Additionally, Hamid Akhavan executed significant insider sales, including 52,586 shares for $6,362,906.00 on June 5, 2026. Similarly, John Swieringa, the President of Technology & Chief Operating Officer, sold 50,088 shares for $5,688,995.04 on March 4, 2026. These substantial insider sales, totaling over $5 million, could signal a lack of executive confidence.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -25.4% change in ECHO stock from 4/30/2026 to 8/14/2026 was primarily driven by a -23.1% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8142026 | Change |
|---|---|---|---|
| Stock Price ($) | 123.14 | 91.89 | -25.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,005 | 14,654 | -2.3% |
| P/S Multiple | 2.4 | 1.8 | -23.1% |
| Shares Outstanding (Mil) | 288 | 290 | -0.6% |
| Cumulative Contribution | -25.4% |
Market Drivers
4/30/2026 to 8/14/2026| Return | Correlation | |
|---|---|---|
| ECHO | -25.4% | |
| Market (SPY) | 8.0% | 51.0% |
| Sector (XLC) | -3.1% | 28.1% |
Fundamental Drivers
The -18.8% change in ECHO stock from 1/31/2026 to 8/14/2026 was primarily driven by a -15.3% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8142026 | Change |
|---|---|---|---|
| Stock Price ($) | 113.22 | 91.89 | -18.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,176 | 14,654 | -3.4% |
| P/S Multiple | 2.1 | 1.8 | -15.3% |
| Shares Outstanding (Mil) | 288 | 290 | -0.7% |
| Cumulative Contribution | -18.8% |
Market Drivers
1/31/2026 to 8/14/2026| Return | Correlation | |
|---|---|---|
| ECHO | -18.8% | |
| Market (SPY) | 12.5% | 41.9% |
| Sector (XLC) | -5.6% | 32.3% |
Fundamental Drivers
The 182.0% change in ECHO stock from 7/31/2025 to 8/14/2026 was primarily driven by a 205.5% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8142026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.59 | 91.89 | 182.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,680 | 14,654 | -6.5% |
| P/S Multiple | 0.6 | 1.8 | 205.5% |
| Shares Outstanding (Mil) | 287 | 290 | -1.3% |
| Cumulative Contribution | 182.0% |
Market Drivers
7/31/2025 to 8/14/2026| Return | Correlation | |
|---|---|---|
| ECHO | 182.0% | |
| Market (SPY) | 23.9% | 23.6% |
| Sector (XLC) | 6.2% | 12.0% |
Fundamental Drivers
The 372.9% change in ECHO stock from 7/31/2023 to 8/14/2026 was primarily driven by a 681.5% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8142026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.43 | 91.89 | 372.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22,520 | 14,654 | -34.9% |
| P/S Multiple | 0.2 | 1.8 | 681.5% |
| Shares Outstanding (Mil) | 270 | 290 | -7.0% |
| Cumulative Contribution | 372.9% |
Market Drivers
7/31/2023 to 8/14/2026| Return | Correlation | |
|---|---|---|
| ECHO | 372.9% | |
| Market (SPY) | 75.6% | 25.7% |
| Sector (XLC) | 69.4% | 21.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ECHO Return | 24% | -37% | -1% | 38% | 375% | -16% | 333% |
| Peers Return | -7% | -14% | 12% | 15% | -8% | -2% | -7% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| ECHO Win Rate | 50% | 33% | 42% | 58% | 58% | 75% | |
| Peers Win Rate | 48% | 43% | 60% | 62% | 52% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ECHO Max Drawdown | -23% | -42% | -59% | -31% | -49% | -41% | |
| Peers Max Drawdown | -24% | -34% | -22% | -18% | -28% | -30% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: T, VZ, TMUS, CMCSA, CHTR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/14/2026 (YTD)
How Low Can It Go
| Event | ECHO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -46.7% | -18.8% |
| % Gain to Breakeven | 87.7% | 23.1% |
| Time to Breakeven | 24 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -13.1% | -7.8% |
| % Gain to Breakeven | 15.1% | 8.5% |
| Time to Breakeven | 4 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -49.5% | -9.5% |
| % Gain to Breakeven | 97.9% | 10.5% |
| Time to Breakeven | 197 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -15.3% | -6.7% |
| % Gain to Breakeven | 18.0% | 7.1% |
| Time to Breakeven | 58 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.2% | -24.5% |
| % Gain to Breakeven | 73.0% | 32.4% |
| Time to Breakeven | 735 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.6% | -33.7% |
| % Gain to Breakeven | 48.3% | 50.9% |
| Time to Breakeven | 1987 days | 140 days |
In The Past
EchoStar's stock fell -46.7% during the 2025 US Tariff Shock. Such a loss loss requires a 87.7% gain to breakeven.
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Asset Allocation
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| Event | ECHO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -46.7% | -18.8% |
| % Gain to Breakeven | 87.7% | 23.1% |
| Time to Breakeven | 24 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -49.5% | -9.5% |
| % Gain to Breakeven | 97.9% | 10.5% |
| Time to Breakeven | 197 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.2% | -24.5% |
| % Gain to Breakeven | 73.0% | 32.4% |
| Time to Breakeven | 735 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.6% | -33.7% |
| % Gain to Breakeven | 48.3% | 50.9% |
| Time to Breakeven | 1987 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.5% | -19.2% |
| % Gain to Breakeven | 36.0% | 23.8% |
| Time to Breakeven | 198 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -28.6% | -12.2% |
| % Gain to Breakeven | 40.0% | 13.9% |
| Time to Breakeven | 238 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -33.8% | -6.8% |
| % Gain to Breakeven | 51.0% | 7.3% |
| Time to Breakeven | 286 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -42.3% | -17.9% |
| % Gain to Breakeven | 73.2% | 21.8% |
| Time to Breakeven | 483 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -60.0% | -53.4% |
| % Gain to Breakeven | 149.9% | 114.4% |
| Time to Breakeven | 819 days | 1085 days |
In The Past
EchoStar's stock fell -46.7% during the 2025 US Tariff Shock. Such a loss loss requires a 87.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About EchoStar (ECHO)
Echo Global Logistics, Inc. is a technology-enabled transportation and supply chain management solutions provider operating across the United States. The company leverages a proprietary technology platform to compile and analyze extensive data from its multi-modal network of transportation providers. This allows them to efficiently manage diverse transportation and logistics needs for their clients.
The company offers a comprehensive suite of services across various transportation modes, including truckload, less-than-truckload (LTL), small parcel, inter-modal, domestic air, expedited, and international shipping. Their principal services encompass rate negotiation, procurement of transportation, real-time shipment execution and tracking, and robust carrier management. Echo also provides financial and administrative services such as freight bill payment and auditing, claims processing, and service refund management. For enhanced client engagement, they design and manage inbound freight programs, offer individually configured web portals, and integrate shipping applications into client e-commerce platforms.
Echo Global Logistics serves a broad spectrum of industries, catering to the logistics requirements of clients in sectors like manufacturing, construction, food and beverage, consumer products, and retail. Founded in 2005 and headquartered in Chicago, Illinois, the company focuses on delivering tailored solutions to meet the complex supply chain demands of its diverse clientele.
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Here are 1-3 brief analogies for Echo Global Logistics, Inc. (symbol: ECHO):
- It's like an Expedia or Kayak for freight, helping businesses find and manage the best way to ship their goods across various transportation modes, all powered by technology.
- Think of them as a highly sophisticated 'travel agent' for corporate shipping, handling everything from rate negotiation to tracking and payment for complex logistics.
- They're a bit like Carvana or Vroom, but for business logistics, simplifying and optimizing the entire process of moving goods across the country or globally for companies.
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Based on the provided background information for Echo Global Logistics, Inc. (symbol: ECHO), the company sells its technology-enabled transportation and supply chain management solutions primarily to other businesses (B2B).
The provided description does not list specific major customer companies by name or their public symbols. Instead, it indicates that Echo Global Logistics, Inc. serves clients operating in a wide range of industries. These industries include:
- Manufacturing
- Construction
- Food and beverage
- Consumer products
- Retail
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Charlie Ergen, Co-founder, Chairman, President and Chief Executive Officer
Charlie Ergen co-founded EchoStar Corporation in 1980 and currently serves as Chairman of the Board of Directors, President and Chief Executive Officer. He previously served as EchoStar's Chief Executive Officer from 2007 to 2009. A prominent leader in the satellite and telecommunications industries, Mr. Ergen has also held executive officer and director positions with DISH Network Corporation, most recently serving as its Chief Executive Officer from March 2015 to December 2017. He directs EchoStar's long-term business development and strategy and oversees the day-to-day operations of its Pay-TV and Wireless business units, as well as shared services operations.
Paul Orban, Executive Vice President and Chief Financial Officer
Paul Orban joined EchoStar Corp. as Chief Financial Officer on December 31, 2023. He brings over 20 years of experience in finance and operations leadership across various industries. Most recently, Mr. Orban served as the Chief Financial Officer of Aviat Networks, a wireless networking technology company, where he was responsible for financial planning, accounting, treasury, and investor relations. During his time at Aviat Networks, he played a key role in driving financial performance and implementing strategic initiatives.
John Swieringa, President, Technology, and Chief Operating Officer
John Swieringa serves as President, Technology, and Chief Operating Officer for EchoStar Corporation, a position he has held since 2023.
Paul Gaske, Chief Operating Officer, Hughes
Paul Gaske serves as the Chief Operating Officer for Hughes, a division of EchoStar Corporation, a role he has held since 2023.
Jeffrey Blum, Acting Chief Legal Officer and Secretary
Jeffrey Blum assumed the role of Acting Chief Legal Officer and Secretary in June 2026. He also serves as the Executive Vice President of Government Affairs and has been with EchoStar Corporation since 2005.
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EchoStar Corporation (NASDAQ: ECHO) operates in several key markets within the telecommunications industry, offering a range of services including satellite television, prepaid wireless, and satellite broadband. The addressable markets for its main products and services are substantial both globally and within the United States.
For its diverse offerings, EchoStar operates within the broader **Global Telecom Services Market**. This market was valued at approximately USD 2,136.8 billion in 2025 and is projected to reach USD 3,995.03 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 7.20%. Another estimate places the global telecom services market at USD 2.10 trillion in 2025, with a forecast to grow to approximately USD 3.39 trillion by 2035, at a CAGR of 4.91%.
In the **Satellite TV Market**, where EchoStar operates brands like DISH Network and Sling TV, the global market size was valued at USD 152,591.9 million in 2024, with an estimated CAGR of 4.2% from 2024 to 2030. More specifically, the global satellite TV market size was USD 89.08 billion in 2025 and is projected to reach USD 100.98 billion by 2031 at a 2.00% CAGR. In the U.S. alone, the satellite TV providers industry generated an estimated $40.2 billion in revenue in 2024. North America, as a region, commanded over 40% of the global satellite TV market share, with a market size of $38.06 billion in 2024.
EchoStar's prepaid wireless services, primarily through Boost Mobile, are part of a significant market. The **Global Prepaid Wireless Service Market** was valued at USD 644,728.8 million in 2025 and is expected to reach USD 1,002,202.7 million by 2035, demonstrating a CAGR of 4.51% from 2026 to 2035. The market was also reported as USD 556.18 billion in 2023, with a projected CAGR of 4.3% from 2024 to 2030, reaching nearly USD 746.80 billion. The U.S. prepaid wireless service market alone was valued at $644,728.8 million in 2025, and North America accounts for over 35% of the global market.
Furthermore, EchoStar's satellite broadband internet service, HughesNet, addresses the growing **Satellite Internet Market**. Globally, this market was valued at USD 10.86 billion in 2025 and is expected to grow significantly to USD 45.22 billion by 2035, with a CAGR of 15.39% from 2026-2035. Another estimate for the global satellite internet market size in 2025 was USD 11.7 billion, projected to grow to USD 35.7 billion by 2033 at a CAGR of 15.1% from 2026 to 2033. In the United States, the satellite internet market size reached USD 1.9 billion in 2025 and is anticipated to reach USD 16.7 billion by 2034, with a robust CAGR of 26.26% during this period. The U.S. Satellite Internet Market is expected to reach USD 20.45 billion by 2033, at a CAGR of 15.31% during the forecast period 2023 to 2033. North America held the largest share of the Satellite Internet Market in 2025, at approximately 39%.
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Share Repurchases
- As of July 2020, Echo Global Logistics, Inc. had approximately $60.2 million in remaining share repurchase authority, with the program extended through July 2022.
- The company's public share repurchase program effectively ceased when it was taken private in September 2021.
Share Issuance
- Echo Global Logistics, Inc. ceased being a publicly traded company in September 2021 when it was acquired by The Jordan Company for an equity value of approximately $1.3 billion.
- The January 2026 acquisition of ITS Logistics involved a $737 million equity component as part of its financing.
Inbound Investments
- In September 2021, Echo Global Logistics, Inc. was taken private by the private equity firm The Jordan Company in an acquisition valued at approximately $1.3 billion.
- The backing from The Jordan Company provides Echo with capital flexibility for strategic acquisitions.
Outbound Investments
- In January 2026, Echo Global Logistics acquired ITS Logistics, expanding its brokerage services and introducing higher-margin drop-trailer services.
- The company expanded its service offerings in 2022 through the acquisitions of Roadtex Transportation and Fastmore Logistics.
- Echo acquired FreightSaver in August 2025 to enhance its managed transportation services.
Capital Expenditures
- Echo Global Logistics' capital expenditures were estimated to be between $12 million and $14 million for the remainder of 2021.
- Projected capital expenditures are expected to total $55 million-$60 million for both 2026 and 2027.
- Capital expenditures are primarily focused on modernizing and maintaining the company's proprietary technology platform, alongside additional spending related to ITS' operations.
Peer Outperformance in Wireless Telecommunication Services
nullShare of Wireless Telecommunication Services constituents that ECHO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
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Median price return by industry across the Communication Services sector, ranked by 5Y. Wireless Telecommunication Services is ECHO's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Wireless Telecommunication Services ← | 3 | 6.4% | 37.8% | 31.7% | ECHO 261% · TMUS 32% · SHEN -55% |
| Publishing | 5 | 27.8% | 0.3% | 29.7% | NYT 43% · SCHL 40% · NWSA 30% |
| Integrated Telecommunication Services | 22 | -9.1% | 5.0% | -10.7% | IQST 1781% · GSAT 290% · AD 148% |
| Movies & Entertainment | 23 | 15.0% | 86.0% | -19.0% | IMAX 262% · MSGS 176% · CNK 163% |
| Alternative Carriers | 4 | 55.3% | 16.8% | -38.1% | IRDM 32% · UNIT -38% · LUMN -38% |
| Advertising | 18 | -4.8% | -7.2% | -56.4% | APP 459% · EVC 64% · OMC 39% |
| Broadcasting | 14 | 1.2% | -12.1% | -62.8% | FOXA 99% · NXST 54% · WBD -2% |
| Interactive Media & Services | 31 | -24.3% | -36.5% | -68.0% | GOOGL 153% · AREN 117% · META 64% |
| Interactive Home Entertainment | 8 | -34.8% | -45.1% | -88.8% | TTWO 54% · RBLX -54% · PINS -57% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Between T-Mobile US and EchoStar, Which Stock Looks Set to Break Out? | 08/05/2026 |
| Title | |
|---|---|
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 70.19 |
| Mkt Cap | 133.0 |
| Rev LTM | 108,547 |
| Op Inc LTM | 18,422 |
| FCF LTM | 16,945 |
| FCF 3Y Avg | 14,259 |
| CFO LTM | 30,675 |
| CFO 3Y Avg | 27,582 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.0% |
| Rev Chg 3Y Avg | 1.1% |
| Rev Chg Q | -1.0% |
| QoQ Delta Rev Chg LTM | -0.2% |
| Op Inc Chg LTM | -3.8% |
| Op Inc Chg 3Y Avg | 2.1% |
| Op Mgn LTM | 20.3% |
| Op Mgn 3Y Avg | 20.6% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 29.1% |
| CFO/Rev 3Y Avg | 27.8% |
| FCF/Rev LTM | 14.1% |
| FCF/Rev 3Y Avg | 12.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Pay-TV | 9,700 | 10,688 | 11,571 | 12,505 | 12,929 |
| Wireless | 3,796 | 3,594 | 3,692 | 4,180 | 4,897 |
| Broadband and Satellite Services | 1,456 | 1,576 | 1,756 | 1,998 | 1,986 |
| Other | 295 | 157 | 92 | ||
| Eliminations | -242 | -189 | -95 | -49 | -67 |
| 5G Network Deployment | 74 | ||||
| Total | 15,005 | 15,826 | 17,016 | 18,634 | 19,819 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Pay-TV | 2,425 | 2,648 | 2,700 | 2,934 | 344 |
| Eliminations | 2 | -2 | 5 | 6 | 3,076 |
| Wireless | -495 | -478 | -643 | -888 | -216 |
| Broadband and Satellite Services | -1,607 | -118 | -459 | 182 | 10 |
| Other | -18,048 | -2,354 | -1,881 | ||
| 5G Network Deployment | 209 | ||||
| Total | -17,723 | -304 | -278 | 2,233 | 3,422 |
| $ Mil | 2023 | 2021 |
|---|---|---|
| Pay-TV | 3,510 | 2,746 |
| Eliminations | 6 | 11 |
| Broadband and Satellite Services | -513 | 55 |
| Wireless | -2,300 | 273 |
| 5G Network Deployment | -2,338 | -564 |
| Total | -1,635 | 2,521 |
| $ Mil | 2023 |
|---|---|
| Pay-TV | 49,438 |
| 5G Network Deployment | 46,793 |
| Broadband and Satellite Services | 5,812 |
| Wireless | 778 |
| Eliminations | -45,712 |
| Total | 57,109 |
Price Behavior
Price Behavior
| Market Price | $91.89 | |
| Market Cap ($ Bil) | 26.6 | |
| First Trading Date | 10/02/2009 | |
| Distance from 52W High | -35.2% | |
| 50 Days | 200 Days | |
| DMA Price | $98.67 | $106.50 |
| DMA Trend | up | down |
| Distance from DMA | -6.9% | -13.7% |
| 3M | 1YR | |
| Volatility | 59.1% | 92.1% |
| Downside Capture | 284.46 | 133.23 |
| Upside Capture | 46.50 | 240.05 |
| Correlation (SPY) | 47.8% | 22.6% |
ECHO Betas & Captures as of 7/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.35 | 1.95 | 2.05 | 1.56 | 1.65 | 1.40 |
| Up Beta | 2.65 | 4.35 | 4.91 | 2.05 | 0.78 | 1.21 |
| Down Beta | 0.22 | 1.49 | 1.30 | 1.55 | 1.67 | 1.69 |
| Up Capture | -13% | -4% | 34% | 90% | 425% | 380% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 7 | 16 | 27 | 60 | 131 | 384 |
| Down Capture | 263% | 233% | 217% | 158% | 125% | 104% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 15 | 27 | 36 | 66 | 121 | 365 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ECHO | |
|---|---|---|---|---|
| ECHO | 225.0% | 91.9% | 1.61 | - |
| Sector ETF (XLC) | 2.7% | 15.0% | -0.03 | 11.1% |
| Equity (SPY) | 21.5% | 12.8% | 1.25 | 22.3% |
| Gold (GLD) | 30.0% | 28.5% | 0.91 | 17.0% |
| Commodities (DBC) | 38.1% | 20.1% | 1.49 | -7.7% |
| Real Estate (VNQ) | 14.4% | 13.9% | 0.73 | 3.8% |
| Bitcoin (BTCUSD) | -48.7% | 42.8% | -1.44 | 20.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ECHO | |
|---|---|---|---|---|
| ECHO | 29.8% | 69.7% | 0.64 | - |
| Sector ETF (XLC) | 7.5% | 20.9% | 0.27 | 22.3% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 26.6% |
| Gold (GLD) | 19.5% | 18.6% | 0.85 | 8.2% |
| Commodities (DBC) | 9.6% | 19.6% | 0.38 | 3.7% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 22.0% |
| Bitcoin (BTCUSD) | 8.2% | 52.8% | 0.34 | 15.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ECHO | |
|---|---|---|---|---|
| ECHO | 11.5% | 54.4% | 0.40 | - |
| Sector ETF (XLC) | 9.3% | 22.2% | 0.47 | 27.2% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 32.3% |
| Gold (GLD) | 12.0% | 16.2% | 0.60 | 5.7% |
| Commodities (DBC) | 7.7% | 18.0% | 0.34 | 10.4% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 26.6% |
| Bitcoin (BTCUSD) | 60.0% | 66.1% | 1.00 | 12.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Insider Activity
Updated 8/14/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wade, William David | Direct | Sell | 8142026 | 91.48 | 2,425 | 221,839 | 29,640 | Form | |
| 2 | Wade, William David | Direct | Sell | 8142026 | 92.65 | 2,575 | 238,574 | 254,695 | Form | |
| 3 | Bye, Stephen J | Direct | Sell | 8112026 | 89.83 | 8,508 | 764,273 | 58,659 | Form | |
| 4 | Akhavan, Hamid | CEO, EchoStar Capital | Direct | Sell | 3102026 | 107.52 | 71,005 | 7,634,458 | 88,520,463 | Form |
| 5 | Manson, Dean | CHIEF LEGAL OFFICER | Direct | Sell | 3092026 | 114.56 | 19,031 | 2,180,266 | 274,724 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wade, William David | Direct | Sell | 8142026 | 91.48 | 2,425 | 221,839 | 29,640 | Form | |
| 2 | Wade, William David | Direct | Sell | 8142026 | 92.65 | 2,575 | 238,574 | 254,695 | Form | |
| 3 | Bye, Stephen J | Direct | Sell | 8112026 | 89.83 | 8,508 | 764,273 | 58,659 | Form | |
| 4 | Akhavan, Hamid | CEO, EchoStar Capital | Direct | Sell | 3102026 | 107.52 | 71,005 | 7,634,458 | 88,520,463 | Form |
| 5 | Manson, Dean | CHIEF LEGAL OFFICER | Direct | Sell | 3092026 | 114.56 | 19,031 | 2,180,266 | 274,724 | Form |
| 6 | Swieringa, John | PRES, TECH & COO | Direct | Sell | 3062026 | 113.58 | 50,088 | 5,689,228 | 28,797,686 | Form |
| 7 | Akhavan, Hamid | CEO, EchoStar Capital | Direct | Sell | 12152025 | 105.33 | 285,832 | 30,106,499 | 39,688,625 | Form |
| 8 | Ortolf, Tom A | Direct | Sell | 12152025 | 104.06 | 1,754 | 182,521 | 384,814 | Form | |
| 9 | Swieringa, John | PRES, TECH & COO | Direct | Sell | 11252025 | 67.34 | 22,000 | 1,481,480 | 19,091,496 | Form |
| 10 | Brokaw, George R | Direct | Buy | 11202025 | 68.07 | 1,000 | 68,070 | 187,465 | Form | |
| 11 | Akhavan, Hamid | PRESIDENT AND CEO | Direct | Sell | 9162025 | 75.35 | 233,918 | 17,626,533 | 28,393,565 | Form |
| 12 | Gaske, Paul | COO, HUGHES | I | Sell | 9162025 | 78.32 | 750 | Form | ||
| 13 | Gaske, Paul | COO, HUGHES | Direct | Sell | 9162025 | 75.87 | 9,483 | 719,450 | 11,304 | Form |
| 14 | Swieringa, John | PRES, TECH & COO | Direct | Sell | 9112025 | 81.20 | 154,835 | 12,573,120 | 35,080 | Form |
| 15 | Orban, Paul W | EVP, CFO, DISH | I | Sell | 9112025 | 82.37 | 744 | Form | ||
| 16 | Abernathy, Kathleen Q | Direct | Sell | 9112025 | 82.35 | 16,754 | Form | |||
| 17 | Gaske, Paul | COO, HUGHES | Direct | Sell | 9102025 | 80.25 | 45,000 | 3,611,250 | 127,838 | Form |
| 18 | Orban, Paul W | EVP, CFO, DISH | Direct | Sell | 9032025 | 61.25 | 50,062 | 3,066,527 | 28,790 | Form |
| 19 | Orban, Paul W | EVP, CFO, DISH | Direct | Sell | 8292025 | 55.65 | 29,060 | 1,617,189 | 26,156 | Form |
| 20 | Orban, Paul W | EVP, CFO, DISH | Direct | Sell | 8282025 | 54.20 | 2,089 | 113,224 | 153,278 | Form |
EchoStar — Investor Video Playlist
Products & Services
📡 The Daily Bulletin · Wed, Jul 29
Products & Services
LLY Weight Loss Drug Momentum, AT&T's (T) $23B EchoStar Licenses, ULTA Price Target Hikes
Leadership
EchoStar CEO on DirecTV-Dish Network deal: It's the 'right time' to do this
Leadership
Billionaire Charlie Ergen on merging Dish and EchoStar to expand mobile and satellite telecom empire
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Core Cache Last Updated: 8/14/2026