EchoStar Corporation (SATS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SATS Revenue Growth
Revenue Breakdown (FY 2024)
SATS's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SATS Revenue Analysis (2014–2025)
As of May 8, 2026, EchoStar Corporation (SATS) generated trailing twelve-month (TTM) revenue of $15.00 billion, reflecting slight decline in growth of -4.3% year-over-year. The most recent quarter (Q4 2025) recorded $3.80 billion in revenue, up 5.0% sequentially.
Looking at the longer-term picture, SATS's 5-year compound annual growth rate (CAGR) stands at +51.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $19.82 billion in 2021.
Revenue diversification analysis shows SATS's business is primarily driven by Service revenue (95%), and Equipment sales and other revenue (5%). With over half of revenue concentrated in Service revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including VSAT (+2.1% YoY), GSAT (+8.5% YoY), and IRDM (+4.1% YoY), SATS has underperformed the peer group in terms of revenue growth. Compare SATS vs VSAT →
SATS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SATSCurrent | $15.0B | -4.3% | +51.4% | -118.1% | |
 VSAT | $4.5B | +2.1% | +14.4% | -2.2% | |
 GSAT | $250M | +8.5% | +13.7% | -0.4% | |
 IRDM | $872M | +4.1% | +8.4% | 27.1% | |
 T | $125.6B | +2.9% | -6.1% | 19.2% | |
 TMUS | $88.3B | +9.5% | +5.2% | 21.2% |
SATS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $15.00B | -5.2% | $5.56B | 37.1% | $-17,723,146,000 | -118.1% |
| 2024 | $15.83B | -7.0% | $5.69B | 36.0% | $-304,070,000 | -1.9% |
| 2023 | $17.02B | -8.7% | $5.07B | 29.8% | $-277,909,000 | -1.6% |
| 2022 | $18.63B | -6.0% | $6.42B | 34.5% | $2.23B | 12.0% |
| 2021 | $19.82B | +949.8% | $7.32B | 36.9% | $3.42B | 17.3% |
| 2020 | $1.89B | +0.1% | $1.14B | 60.6% | $112.5M | 6.0% |
| 2019 | $1.89B | -9.8% | $1.10B | 58.3% | $73.1M | 3.9% |
| 2018 | $2.09B | +10.9% | $1.31B | 62.7% | $183.2M | 8.8% |
| 2017 | $1.89B | -38.3% | $1.13B | 59.8% | $196.3M | 10.4% |
| 2016 | $3.06B | -2.8% | $1.32B | 43.2% | $364.4M | 11.9% |
Full SATS Stock Analysis
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Start ComparisonSATS — Frequently Asked Questions
Quick answers to the most common questions about buying SATS stock.
Is SATS's revenue growth accelerating or slowing?
SATS revenue growth slowed to -4.3%, below the 5-year CAGR of +51.4%. TTM revenue is $15.0B. The deceleration marks a shift from historical growth rates.
What is SATS's long-term revenue growth rate?
EchoStar Corporation's 5-year revenue CAGR of +51.4% reflects the variable expansion pattern. Current YoY growth of -4.3% is near this long-term average.
How is SATS's revenue distributed by segment?
SATS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.