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EchoStar ECHO

EchoStar scores weak on business quality (2.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$94.84Oct 9, 2026
Business qualityWeak
Next earningsNov 4, 2026
Insiders, 90 daysSelling

Why it matters

  1. What EchoStar does

    EchoStar provides satellite communications and TV services, generating revenue from subscribers paying for media and connectivity packages. The business faces severe structural shifts, with attention centering on restructuring discussions after Chapter 11 headlines.

  2. What it does best

    EchoStar maintains scale in satellite media infrastructure, though its gross margin sits at 29.5%, trailing peers like VSNT at 56.5% and CHTR at 46.9%. This leaves limited room to absorb pricing pressure compared to better-capitalized competitors.

  3. The main risk

    Chapter 11 speculation and heavy debt loads threaten solvency, leaving equity holders exposed to severe dilution or wipeout if restructuring terms fail to preserve value.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Net margin sits at -38.7% with an operating margin of 7.2%, reflecting severe losses. Free cash flow is negative $725 million, meaning scale currently burns cash rather than generating it.

MoatWeak

The company holds virtually no moat, ranking in the 3rd percentile for gross margin and 7th for revenue growth within its sector. Rivals easily outpace its competitive positioning.

GrowthSteady

Revenue dropped to $14.7 billion with a 5.2% decline, extending a multi-year downward trend visible since 2023 when revenue was $17.0 billion. The contraction is accelerating.

Financial healthWeak

Total debt of $26.0 billion dwarfs cash reserves of $3.0 billion, while interest coverage of 0.5x means earnings cannot cover debt servicing costs. The balance sheet is deeply distressed.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

2 sold $1.2M outside pre-planned sales.

Our sealed record on ECHO

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is ECHO a good business?

EchoStar scores weak on the Cluenex quality check (2.4 of 10), measured against its own industry. Profitability is weak, moat weak, growth steady and financial health weak.

Are insiders buying ECHO?

In the last 90 days of SEC Form 4 filings: 2 sold $1.2M outside pre-planned sales.

When does ECHO report earnings?

Nov 4, 2026.

For members

See ECHO today

  • Today's verdict on ECHO, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “EchoStar (ECHO)”, https://cluenex.com/stocks/echo/, data as of Oct 10, 2026.