EchoStar Corporation (SATS) Revenue History
Annual and quarterly revenue from 2006 to present
SATS Revenue Over Time (2006–2025)
SATS Revenue Growth History
10 of 19 years with positive growth- FY2006 revenue growth
- N/A
- FY2007 revenue growth
- +5214.3%
- FY2008 revenue growth
- +39.3%
- FY2009 revenue growth
- -11.5%
- FY2010 revenue growth
- +23.5%
- FY2011 revenue growth
- +17.5%
- FY2012 revenue growth
- +13.0%
- FY2013 revenue growth
- +5.1%
- FY2014 revenue growth
- +5.0%
- FY2015 revenue growth
- -8.8%
- FY2016 revenue growth
- -2.8%
- FY2017 revenue growth
- -38.3%
- FY2018 revenue growth
- +10.9%
- FY2019 revenue growth
- -9.8%
- FY2020 revenue growth
- +0.1%
- FY2021 revenue growth
- +949.8%
- FY2022 revenue growth
- -6.0%
- FY2023 revenue growth
- -8.7%
- FY2024 revenue growth
- -7.0%
- FY2025 revenue growth
- -5.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $3.67B | -5.2% |
| Q4 2025 | $3.80B | -4.3% |
| Q3 2025 | $3.61B | -7.1% |
| Q2 2025 | $3.72B | -5.8% |
| Q1 2025 | $3.87B | -3.6% |
| Q4 2024 | $3.97B | -74.7% |
| Q3 2024 | $3.89B | -5.3% |
| Q2 2024 | $3.95B | -9.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
SATS's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SATS Revenue Analysis (2006–2025)
Current Revenue & Growth
As of June 22, 2026, EchoStar Corporation (SATS) generated trailing twelve-month (TTM) revenue of $14.80 billion, reflecting moderate decline in growth of -5.2% year-over-year. The most recent quarter (Q1 2026) recorded $3.67 billion in revenue, down 3.4% sequentially.
Historical Growth Trajectory
SATS's 5-year compound annual growth rate (CAGR) stands at +51.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -7.0% is below the 5-year average, signalling a growth deceleration in recent years. EchoStar Corporation's highest annual revenue of $19.82 billion was recorded in 2021.
Revenue by Segment
SATS's revenue 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 has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including VSAT (+2.7% YoY), GSAT (+11.5% YoY), and IRDM (+4.1% YoY) — SATS has underperformed the peer group in 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 | $14.8B | -5.2% | +51.4% | -118.1% | |
 VSAT | $4.6B | +2.7% | +19.3% | 2.3% | |
 GSAT | $273M | +11.5% | +16.3% | 5.4% | |
 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 (2006–2025)
| 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% |
| 2015 | $3.14B | -8.8% | $1.34B | 42.6% | $356.0M | 11.3% |
| 2014 | $3.45B | +5.0% | $1.32B | 38.2% | $328.1M | 9.5% |
| 2013 | $3.28B | +5.1% | $1.08B | 32.8% | $103.6M | 3.2% |
| 2012 | $3.12B | +13.0% | $1.03B | 33.1% | $99.9M | 3.2% |
| 2011 | $2.76B | +17.5% | $853.9M | 30.9% | $80.8M | 2.9% |
Full Stock Analysis
Deep dive into SATS consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
20+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SATS — Frequently Asked Questions
Quick answers to the most common questions about buying SATS stock.
Is SATS's revenue growth accelerating or slowing?
SATS revenue is declining -5.2% year-over-year. TTM revenue fell to $14.8B, contrasting with the 5-year CAGR of +51.4%. The reversal reflects either macro headwinds or company-specific challenges.
What is SATS's revenue history from 2006 to 2026?
EchoStar Corporation (SATS) revenue history spans 2006 to 2026. TTM revenue as of 2026 is $14.8B, growing at -5.2% YoY. The 5-year CAGR is +51.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SATS's long-term revenue growth rate (CAGR)?
EchoStar Corporation's 5-year revenue CAGR of +51.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -5.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SATS.
Why does SATS's quarterly revenue fluctuate?
SATS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. EchoStar Corporation's revenue data from 2006 to 2026 shows full historical quarterly detail on this page.
How is SATS's revenue distributed by segment?
SATS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does SATS's revenue compare to industry peers?
EchoStar Corporation (SATS) with TTM revenue of $14.8B and -5.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.