EchoStar (ECHO)
Market Price (11/7/2026): $95.46 | Market Cap: $27.8 BilSector: Communication Services | Industry: Wireless Telecommunication Services
EchoStar (ECHO)
Market Price (11/7/2026): $95.46Market Cap: $27.8 BilSector: Communication ServicesIndustry: Wireless Telecommunication Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 36%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 31% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16% Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, and Future of Freight. Themes include Supply Chain Digitization, and Freight Technology. | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -20%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -24%, Rev Chg QQuarterly Revenue Change % is -69% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.4% |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 36%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 31% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16% |
| Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, and Future of Freight. Themes include Supply Chain Digitization, and Freight Technology. |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -20%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -24%, Rev Chg QQuarterly Revenue Change % is -69% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.4% |
Qualitative Assessment
AI Analysis | Feedback
EchoStar (ECHO) stock has gained about 15% since 7/31/2026 because of the following key factors:
1. EchoStar reported significantly strong financial results for its fiscal Q3 2026 (ended September 30, 2026), with diluted earnings per share (EPS) of $7.97, substantially surpassing the consensus estimate of $3.07. This positive performance was primarily driven by substantial transaction gains, including a $3.1068 billion gain from the AT&T transaction and a $439.2 million deconsolidation gain, resulting in a net income attributable to EchoStar of $2.78 billion for the quarter, a significant turnaround from a $12.78 billion loss in the prior year.
2. The company realized a substantial cash influx from the completion of its spectrum sale to AT&T, which closed on July 28, 2026, just prior to the analysis period. EchoStar received $20.250 billion in cash from this transaction, providing considerable financial flexibility and strengthening its balance sheet, with cash and cash equivalents reaching $13.44 billion at the end of fiscal Q3 2026.
Show more
EchoStar (ECHO) stock has gained about 15% since 7/31/2026 because of the following key factors:
1. EchoStar reported significantly strong financial results for its fiscal Q3 2026 (ended September 30, 2026), with diluted earnings per share (EPS) of $7.97, substantially surpassing the consensus estimate of $3.07. This positive performance was primarily driven by substantial transaction gains, including a $3.1068 billion gain from the AT&T transaction and a $439.2 million deconsolidation gain, resulting in a net income attributable to EchoStar of $2.78 billion for the quarter, a significant turnaround from a $12.78 billion loss in the prior year.
2. The company realized a substantial cash influx from the completion of its spectrum sale to AT&T, which closed on July 28, 2026, just prior to the analysis period. EchoStar received $20.250 billion in cash from this transaction, providing considerable financial flexibility and strengthening its balance sheet, with cash and cash equivalents reaching $13.44 billion at the end of fiscal Q3 2026.
3. Optimistic analyst sentiment and increased price targets contributed to the stock's upward trend. For example, UBS Group raised its price target for EchoStar to $160 from $150 and maintained a "Buy" rating on November 4, 2026, implying a potential upside of 62.24% from the then-current price. Similarly, JPMorgan resumed coverage with an "Overweight" rating and a $144 price target on November 3, 2026. The average consensus price target among analysts ranges from approximately $139.44 to $142.75.
4. The ongoing strategic transformation and potential for a significant partnership with SpaceX fueled investor interest. EchoStar's amended SpaceX spectrum transaction, providing approximately $20 billion in total consideration, including up to $11 billion in SpaceX Class A common stock, is a key long-term driver of value, with the acquisition closing targeted for November 30, 2027. Reports and discussions surrounding a potential deal with SpaceX regarding Boost Mobile or access to EchoStar's network also generated positive market speculation. Management has indicated that a significant portion of EchoStar's value is linked to its involvement with SpaceX.
Show less
Stock Movement Drivers
Fundamental Drivers
The 12.5% change in ECHO stock from 7/31/2026 to 11/6/2026 was primarily driven by a 37.7% change in the company's P/S Multiple.| (LTM values as of) | 7312026 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 84.09 | 94.62 | 12.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,803 | 12,167 | -17.8% |
| P/S Multiple | 1.6 | 2.3 | 37.7% |
| Shares Outstanding (Mil) | 289 | 291 | -0.6% |
| Cumulative Contribution | 12.5% |
Market Drivers
7/31/2026 to 11/6/2026| Return | Correlation | |
|---|---|---|
| ECHO | 12.5% | |
| Market (SPY) | -1.6% | 57.0% |
| Sector (XLC) | -3.2% | 8.4% |
Fundamental Drivers
The -23.2% change in ECHO stock from 4/30/2026 to 11/6/2026 was primarily driven by a -18.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302026 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 123.14 | 94.62 | -23.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,005 | 12,167 | -18.9% |
| P/S Multiple | 2.4 | 2.3 | -4.4% |
| Shares Outstanding (Mil) | 288 | 291 | -0.8% |
| Cumulative Contribution | -23.2% |
Market Drivers
4/30/2026 to 11/6/2026| Return | Correlation | |
|---|---|---|
| ECHO | -23.2% | |
| Market (SPY) | 2.6% | 50.7% |
| Sector (XLC) | -9.8% | 18.8% |
Fundamental Drivers
The 26.4% change in ECHO stock from 10/31/2025 to 11/6/2026 was primarily driven by a 62.3% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 74.87 | 94.62 | 26.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,453 | 12,167 | -21.3% |
| P/S Multiple | 1.4 | 2.3 | 62.3% |
| Shares Outstanding (Mil) | 288 | 291 | -1.1% |
| Cumulative Contribution | 26.4% |
Market Drivers
10/31/2025 to 11/6/2026| Return | Correlation | |
|---|---|---|
| ECHO | 26.4% | |
| Market (SPY) | 8.7% | 38.6% |
| Sector (XLC) | -7.9% | 19.3% |
Fundamental Drivers
The 582.7% change in ECHO stock from 10/31/2023 to 11/6/2026 was primarily driven by a 655.4% change in the company's Net Income Margin (%).| (LTM values as of) | 10312023 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.86 | 94.62 | 582.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26,378 | 12,167 | -53.9% |
| Net Income Margin (%) | 10.8% | 81.3% | 655.4% |
| P/E Multiple | 1.3 | 2.8 | 110.3% |
| Shares Outstanding (Mil) | 271 | 291 | -6.8% |
| Cumulative Contribution | 582.7% |
Market Drivers
10/31/2023 to 11/6/2026| Return | Correlation | |
|---|---|---|
| ECHO | 582.7% | |
| Market (SPY) | 81.9% | 26.2% |
| Sector (XLC) | 67.1% | 20.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ECHO Return | 24% | -37% | -1% | 38% | 375% | -13% | 347% |
| Peers Return | -7% | -14% | 12% | 15% | -8% | -12% | -17% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| ECHO Win Rate | 50% | 33% | 42% | 58% | 58% | 73% | |
| Peers Win Rate | 48% | 43% | 60% | 62% | 52% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| ECHO Max Drawdown | -23% | -42% | -59% | -31% | -49% | -41% | |
| Peers Max Drawdown | -24% | -34% | -22% | -18% | -28% | -34% | |
| 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 11/6/2026 (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.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| 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.
AI Analysis | Feedback
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.
AI Analysis | Feedback
AI Analysis | Feedback
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
AI Analysis | Feedback
AI Analysis | Feedback
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.
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
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
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Wireless Telecommunication Services ← | 3 | -12.4% | 15.8% | 38.9% | ECHO 262% · TMUS 39% |
| Publishing | 6 | 26.7% | 15.5% | 8.2% | NYT 44% · NWSA 13% · WLY 10% |
| Integrated Telecommunication Services | 21 | -14.7% | 18.9% | -23.8% | GSAT 237% · AD 102% · TDS 94% |
| Movies & Entertainment | 23 | 18.2% | 45.0% | -31.4% | IMAX 130% · FWONA 94% · BATRA 81% |
| Interactive Media & Services | 33 | -38.1% | -38.9% | -71.0% | GOOGL 93% · META 81% · CARG -8% |
| Broadcasting | 14 | -12.9% | -21.6% | -71.3% | FOXA 71% · NXST 34% · SIRI -39% |
| Alternative Carriers | 4 | -40.1% | 15.4% | -73.3% | IRDM 10% · LUMN -69% |
| Advertising | 18 | -35.7% | -12.3% | -73.3% | APP 297% · OMC 50% · MGNI 21% |
| Interactive Home Entertainment | 8 | -40.2% | -62.3% | -73.5% | TTWO 15% · RBLX -37% · PINS -59% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Between T-Mobile US and EchoStar, Which Stock Looks Set to Break Out? | 08/05/2026 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 70.56 |
| Mkt Cap | 117.2 |
| Rev LTM | 108,410 |
| Op Inc LTM | 18,742 |
| FCF LTM | 17,420 |
| FCF 3Y Avg | 14,622 |
| CFO LTM | 30,222 |
| CFO 3Y Avg | 27,882 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.2% |
| Rev Chg 3Y Avg | 1.0% |
| Rev Chg Q | 3.4% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Inc Chg LTM | -2.2% |
| Op Inc Chg 3Y Avg | 2.7% |
| Op Mgn LTM | 20.8% |
| Op Mgn 3Y Avg | 20.9% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 28.4% |
| CFO/Rev 3Y Avg | 27.8% |
| FCF/Rev LTM | 13.3% |
| FCF/Rev 3Y Avg | 12.6% |
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
| Market Price | $94.62 | |
| Market Cap ($ Bil) | 27.5 | |
| First Trading Date | 10/02/2009 | |
| Distance from 52W High | -33.3% | |
| 50 Days | 200 Days | |
| DMA Price | $92.00 | $106.07 |
| DMA Trend | up | down |
| Distance from DMA | 2.8% | -10.8% |
| 3M | 1YR | |
| Volatility | 46.6% | 55.2% |
| Downside Capture | 169.16 | 160.26 |
| Upside Capture | 236.35 | 174.28 |
| Correlation (S&P 500) | 36.6% | 35.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.92 | 2.11 | 2.26 | 2.09 | 1.57 | 1.42 |
| Up Beta | 8.32 | 1.54 | 2.37 | 3.85 | 1.69 | 1.20 |
| Down Beta | 1.36 | 1.48 | 1.28 | 1.38 | 1.27 | 1.65 |
| Up Capture | 477% | 328% | 325% | 155% | 234% | 531% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 13 | 25 | 34 | 60 | 128 | 393 |
| Down Capture | 242% | 163% | 192% | 186% | 131% | 103% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 9 | 18 | 30 | 66 | 123 | 356 |
[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 | 31.0% | 55.2% | 0.68 | - |
| Sector ETF (XLC) | -6.8% | 16.6% | -0.61 | 19.4% |
| Equity (SPY) | 9.5% | 13.6% | 0.40 | 38.5% |
| Gold (GLD) | 1.6% | 28.7% | 0.05 | 22.9% |
| Commodities (DBC) | 38.4% | 21.2% | 1.42 | -10.0% |
| Real Estate (VNQ) | 11.3% | 14.2% | 0.51 | 8.4% |
| Bitcoin (BTCUSD) | -26.9% | 43.6% | -0.60 | 28.1% |
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 | 32.2% | 70.0% | 0.66 | - |
| Sector ETF (XLC) | 6.5% | 21.1% | 0.22 | 21.9% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 27.5% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 7.9% |
| Commodities (DBC) | 8.1% | 19.6% | 0.30 | 2.8% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 22.0% |
| Bitcoin (BTCUSD) | 4.1% | 51.6% | 0.26 | 15.9% |
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 | 9.6% | 54.7% | 0.37 | - |
| Sector ETF (XLC) | 8.5% | 22.1% | 0.42 | 26.8% |
| Equity (SPY) | 15.0% | 18.0% | 0.70 | 32.6% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 5.6% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 9.9% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 26.5% |
| Bitcoin (BTCUSD) | 60.1% | 66.3% | 1.00 | 12.5% |
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
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Wireless Telecommunication Services Resources |
| Fierce Wireless |
| RCR Wireless News |
| Mobile World Live |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.