EchoStar (ECHO)
Market Price (11/6/2026): $89.66 | Market Cap: $26.1 BilSector: Communication Services | Industry: Wireless Telecommunication Services
EchoStar (ECHO)
Market Price (11/6/2026): $89.66Market Cap: $26.1 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 38%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 33% 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 38%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 33% |
| 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
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EchoStar (ECHO) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. EchoStar reported a significant beat on its fiscal Q3 2026 earnings, posting diluted earnings per share (EPS) of $7.97, substantially exceeding the consensus estimate of $3.07. This strong performance for the quarter ending September 30, 2026, was primarily driven by considerable transaction-related gains, including a $3.106.8 million gain from the AT&T transaction and a $439.2 million deconsolidation gain.
2. The successful completion of the AT&T spectrum transaction on July 28, 2026, provided EchoStar with a substantial cash inflow of $20.250 billion. This major financial event occurred just before the specified period and was a significant contributor to the company's improved financial position and the Q3 2026 transaction gain.
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EchoStar (ECHO) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. EchoStar reported a significant beat on its fiscal Q3 2026 earnings, posting diluted earnings per share (EPS) of $7.97, substantially exceeding the consensus estimate of $3.07. This strong performance for the quarter ending September 30, 2026, was primarily driven by considerable transaction-related gains, including a $3.106.8 million gain from the AT&T transaction and a $439.2 million deconsolidation gain.
2. The successful completion of the AT&T spectrum transaction on July 28, 2026, provided EchoStar with a substantial cash inflow of $20.250 billion. This major financial event occurred just before the specified period and was a significant contributor to the company's improved financial position and the Q3 2026 transaction gain.
3. EchoStar undertook a strategic deconsolidation of its underperforming Pay-TV, Broadband and Satellite Services subsidiaries, with most deconsolidated by July 31, 2026. Although this resulted in a reported revenue decrease to $1.13 billion in fiscal Q3 2026 from $3.61 billion in the prior year, it contributed to a swing from a $12.78 billion loss in the prior-year quarter to a $2.78 billion net income, signaling a significant financial restructuring and cleaning up of the balance sheet.
4. Market speculation regarding a potential acquisition of Boost Mobile (EchoStar's wireless business) or a partnership with SpaceX acted as a positive catalyst for the stock. Reports surfacing around early November 2026 about SpaceX's interest caused EchoStar's shares to climb, reflecting investor optimism about future strategic developments or a potential takeover.
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Stock Movement Drivers
Fundamental Drivers
The 6.9% change in ECHO stock from 7/31/2026 to 11/5/2026 was primarily driven by a 30.9% change in the company's P/S Multiple.| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 84.09 | 89.92 | 6.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,803 | 12,167 | -17.8% |
| P/S Multiple | 1.6 | 2.1 | 30.9% |
| Shares Outstanding (Mil) | 289 | 291 | -0.6% |
| Cumulative Contribution | 6.9% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| ECHO | 6.9% | |
| Market (SPY) | -1.9% | 57.3% |
| Sector (XLC) | -3.6% | 7.6% |
Fundamental Drivers
The -27.0% change in ECHO stock from 4/30/2026 to 11/5/2026 was primarily driven by a -18.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 123.14 | 89.92 | -27.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,005 | 12,167 | -18.9% |
| P/S Multiple | 2.4 | 2.1 | -9.2% |
| Shares Outstanding (Mil) | 288 | 291 | -0.8% |
| Cumulative Contribution | -27.0% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| ECHO | -27.0% | |
| Market (SPY) | 2.3% | 50.8% |
| Sector (XLC) | -10.2% | 18.4% |
Fundamental Drivers
The 20.1% change in ECHO stock from 10/31/2025 to 11/5/2026 was primarily driven by a 54.2% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 74.87 | 89.92 | 20.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,453 | 12,167 | -21.3% |
| P/S Multiple | 1.4 | 2.1 | 54.2% |
| Shares Outstanding (Mil) | 288 | 291 | -1.1% |
| Cumulative Contribution | 20.1% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| ECHO | 20.1% | |
| Market (SPY) | 8.4% | 38.6% |
| Sector (XLC) | -8.3% | 19.2% |
Fundamental Drivers
The 548.8% change in ECHO stock from 10/31/2023 to 11/5/2026 was primarily driven by a 655.4% change in the company's Net Income Margin (%).| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.86 | 89.92 | 548.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26,378 | 12,167 | -53.9% |
| Net Income Margin (%) | 10.8% | 81.3% | 655.4% |
| P/E Multiple | 1.3 | 2.6 | 99.9% |
| Shares Outstanding (Mil) | 271 | 291 | -6.8% |
| Cumulative Contribution | 548.8% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| ECHO | 548.8% | |
| Market (SPY) | 81.3% | 26.2% |
| Sector (XLC) | 66.3% | 20.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ECHO Return | 24% | -37% | -1% | 38% | 375% | -17% | 324% |
| Peers Return | -7% | -14% | 12% | 15% | -8% | -11% | -16% |
| 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 11/5/2026 (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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| 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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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 | -13.4% | 14.6% | 37.7% | ECHO 244% · TMUS 38% |
| Publishing | 5 | 15.2% | 4.2% | 5.9% | NYT 38% · NWSA 14% |
| Integrated Telecommunication Services | 21 | -19.9% | 12.8% | -27.7% | GSAT 233% · AD 112% · TDS 91% |
| Movies & Entertainment | 23 | 17.2% | 47.3% | -31.2% | IMAX 132% · FWONA 91% · CNK 85% |
| Broadcasting | 14 | -9.8% | -22.3% | -70.7% | FOXA 74% · NXST 33% · SIRI -38% |
| Interactive Media & Services | 33 | -34.8% | -40.3% | -71.8% | GOOGL 92% · META 79% · CARG -1% |
| Interactive Home Entertainment | 8 | -46.0% | -65.7% | -72.9% | TTWO 14% · RBLX -39% · PINS -57% |
| Alternative Carriers | 4 | -39.8% | 13.7% | -73.0% | IRDM 5% · LUMN -69% |
| Advertising | 18 | -34.2% | -11.3% | -74.2% | APP 262% · OMC 51% · MGNI 21% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Between T-Mobile US and EchoStar, Which Stock Looks Set to Break Out? | 08/05/2026 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 67.83 |
| Mkt Cap | 118.5 |
| 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 | 0.6% |
| Rev Chg 3Y Avg | 0.9% |
| Rev Chg Q | -0.1% |
| QoQ Delta Rev Chg LTM | -0.0% |
| Op Inc Chg LTM | -2.2% |
| Op Inc Chg 3Y Avg | 2.9% |
| Op Mgn LTM | 20.8% |
| Op Mgn 3Y Avg | 20.9% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 29.1% |
| CFO/Rev 3Y Avg | 27.9% |
| 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 | $89.92 | |
| Market Cap ($ Bil) | 26.1 | |
| First Trading Date | 10/02/2009 | |
| Distance from 52W High | -36.6% | |
| 50 Days | 200 Days | |
| DMA Price | $91.84 | $106.24 |
| DMA Trend | up | down |
| Distance from DMA | -2.1% | -15.4% |
| 3M | 1YR | |
| Volatility | 45.4% | 55.0% |
| Downside Capture | 169.16 | 160.26 |
| Upside Capture | 236.35 | 171.63 |
| Correlation (S&P 500) | 37.5% | 35.5% |
| 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 | 22.5% | 55.0% | 0.56 | - |
| Sector ETF (XLC) | -6.7% | 16.6% | -0.60 | 19.1% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 38.4% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | 23.1% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -10.0% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | 8.8% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | 26.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ECHO | |
|---|---|---|---|---|
| ECHO | 31.0% | 70.0% | 0.65 | - |
| 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 | 8.0% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 2.8% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 22.1% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 15.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ECHO | |
|---|---|---|---|---|
| ECHO | 9.0% | 54.7% | 0.36 | - |
| Sector ETF (XLC) | 8.5% | 22.1% | 0.42 | 26.8% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 32.6% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | 5.7% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 9.9% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 26.5% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 12.4% |
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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
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