EchoStar Corporation

SATSNASDAQTechnology● Active

$116.28

$-8.36(-6.71%)

Market Cap$33.5B

P/E Ratio—

52W High$147.25

52W Low$14.9

Avg Volume6.7M

Open$121.00

Beta0.96

Overview

EchoStar Corporation (SATS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

SATS · free cash flow · updated Jun 8, 2026

Core FCF metrics

SATS · FCF · TTM · margin & CAGR

Free cash flow was −$1.07B for FY2025 (fiscal year ending 2025-12-31), down 264.5% year-over-year The FCF margin was -7.1%.

FY2025 Free Cash Flow−$1.07B▼ -264.5% YoY

Trailing 12M (TTM)−$908.6Mtrailing 4 quarters sum

FCF Margin-7.1%−$1.07B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

SATS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$99.4M(966M)−$1.07B▼ 264.5%-7.1%

FY2024$1.25B(1.54B)−$292.2M▲ +56.3%-1.9%

FY2023$2.43B(3.10B)−$668.3M▼ 217.1%-3.9%

FY2022$3.62B(3.05B)$570.7M▲ +256.1%3.1%

FY2021$632.0M(472M)$160.3M▲ +84.3%0.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

SATS · P/FCF · FCF yield · FCF per share

EchoStar Corporation (SATS) reported negative free cash flow of −$1.07B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

SATS · cash flow statement · operating / investing / financing

For FY2025, EchoStar Corporation generated −$99.4M in operating cash flow and spent 966M in capital expenditures, yielding −$1.07B in free cash flow.

Operating Activities

−$99.4M

Cash from core business operations

2025-12-31

Investing Activities

−$1.40B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$910.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$99.4M) − |CapEx| (966M) = FCF (−$1.07B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

SATS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

EchoStar CorporationYOU

SATS

−$1.07B-264.5%-7.1%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

EchoStar Corporation (SATS) reported free cash flow of −$1.07B for FY2025 (fiscal year ending 2025-12-31), down 264.5% year-over-year. The FCF margin was -7.1%.

Based on available data, EchoStar Corporation has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $570.7M in FY2022.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

SATS free cash flow · 8 questions

EchoStar Corporation free cash flow was −$1.07B for FY2025, down 264.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$908.6M.

SATS free cash flowSATS FCFSATS FCF 2025SATS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · EchoStar Corporation · EchoStar Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026