EchoStar Corporation (ECHO)财务
NASDAQ · Communication Services · Telecommunications Services · 员工12,100人 · CEO Charlie Ergen
- 股价
- $96.94 -0.74%
- 市值
- $154亿
- 企业价值
- $325亿
- 最近财报
- Q2 '26 2026-08-03提交
- 下次财报
- 2026-11-05 EPS预期 $0.17
营收(TTM)$147亿-5.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)7.2%+10.6 百分点 对比去年同期营业利润 $10.5亿
净利润(TTM)-$56.7亿-1,363.2% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$2.71亿+81.4% 对比去年同期资本支出 $1.86亿
稀释EPS(TTM)-$24.94-1,694.2% 对比去年同期最近4个季度之和
净现金-$171亿+32.6% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $154亿 EV $325亿
- 营收
- $147亿 过去12个月
- 营收增速
- -5% FY2026年一致预期
- 净利润率
- -38.7% 净利润 / 营收,TTM
- P/E
- -4.9× 预期 4.0×(FY2026)
- P/S
- 1.0× 股价 / 营收,TTM
- EV / EBITDA
- -5.8× TTM
- 自由现金流
- -$2.71亿 过去12个月
- 净利润
- -$56.7亿 过去12个月
- 营收预期
- $142亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $34.7亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-03):营收符合预期,EPS 超预期25,441.5%营收$35.8亿,预期$35.9亿(-0.3%);EPS $24.12,预期-$0.10(+25,441.5%)。
- 营收增长加速:同比-4.0%Q2 '26营收$35.8亿,此前四个季度的平均值为-5.6%。
- 营业利润率7.2%(TTM),较去年同期+10.6 百分点营收增长-5.2%,营业利润增长300.0%。
- 资本支出占营收的1.3%(去年为12.9%)最近4个季度投入$1.86亿(同比-90.7%)。自由现金流-$2.71亿。
- 稀释股数一年内增加22.3%Q2 '26稀释股数3.52亿,一年前为2.88亿。
- 净债务 $171亿现金 + 短期投资 $4.96亿,含租赁债务 $176亿;一年前净债务 $253亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $35.8亿 | $37.2亿 | -4.0% |
| 毛利率 | 34.4% | 24.4% | +10.0 百分点 |
| 营业利润 | $5.13亿 | -$2.13亿 | +340.4% |
| 营业利润率 | 14.3% | -5.7% | +20.1 百分点 |
| 净利润 | $84.6亿 | -$3.06亿 | +2,864.3% |
| 稀释EPS | $24.12 | -$1.06 | +2,375.5% |
| 经营现金流 | -$996万 | $751万 | -232.6% |
| 资本支出 | $9230万 | $7.47亿 | -87.6% |
| 自由现金流 | -$1.02亿 | -$7.39亿 | +86.2% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1310万 | $851万 | +54.2% |
实际 vs 一致预期
2026-08-03| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $35.8亿 | $35.9亿 | -0.3% |
| EPS(一致预期口径) | $24.12 | -$0.10 | +25,441.5% |
来自2026-08-03发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Pay Tv | – | – | $5.42亿 | -8.9% | – | – | $21.9亿 |
| Retail Wireless | – | – | -$9.7万 | +99.9% | – | – | -$3.19亿 |
| Network Deployment5g | – | – | – | – | – | – | – |
| Broadband And Satellite Services | – | – | $5050万 | +237.3% | – | – | -$14.6亿 |
| All Other And Eliminations | – | – | – | – | – | – | – |
| Other Segment | – | – | -$8050万 | +87.7% | – | – | – |
| Reporting Segments Including Other Segment | – | – | $5.12亿 | +339.2% | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$8530万
- 资本支出
- -$1.86亿
- 股票回购
- -$4850万
- 股息
- $0
- 收购
- -$3.16亿
- 债务净发行
- -$23.5亿
- 股权激励费用
- $4350万
- 自由现金流
- -$2.71亿
- 股东回报 / FCF
- -17.9%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -4.9× | 20.2× 5年中的2年 | 7.8× – 32.5× |
| EV / EBITDA | -5.8× | 6.6× 5年中的3年 | 0.7× – 13.6× |
| EV / 营收 | 2.2× | 1.8× | 0.2× – 4.0× |
| 股价 / FCF | -56.6× | 8.6× 5年中的2年 | 2.4× – 14.8× |
| 股价 / 净资产 | 2.0× | 1.3× | 0.1× – 5.4× |
| FCF收益率 | -1.8% | 4.8% | -15.7% – 41.1% |
| 投入资本回报率 | 1.0% | 9.6% | -0.5% – 46.0% |
| 净资产收益率 | -69.7% | -35.0% | -251.4% – 74.1% |
分析师
一致目标价 $134.00 (+38.2%)
区间 $115.00 – $150.00 · 评级 Buy
强烈买入1
买入4
持有0
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $142亿 | -5.5% | $24.51 | +148.6% | 4.0× | 4 |
| FY2027 | $132亿 | -7.0% | $2.99 | -87.8% | 32.4× | 6 |
| FY2028 | $123亿 | -6.7% | $3.34 | +11.9% | 29.0× | 6 |
| FY2029 | $117亿 | -4.7% | $10.03 | +199.9% | 9.7× | 3 |
| FY2030 | $112亿 | -4.3% | $10.88 | +8.5% | 8.9× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
EchoStar Corporation在近期10-Q / 10-K文件中标记的全部319项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $2.52亿 | $7.46亿 | -66.2% | $5.42亿 | $7.41亿 | -26.9% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $9.06亿 | $11.6亿 | -21.8% | $12.7亿 | $12亿 | +6.3% |
| Accounts Receivable, Allowance for Credit Loss | $1.67亿 | $9820万 | +70.4% | $7960万 | $8260万 | -3.7% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1.67亿 | $9820万 | +70.4% | $7960万 | $8260万 | -3.7% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $16.6亿 | $90亿 | -81.6% | $42.8亿 | $82.3亿 | -48.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1.83亿 | -$1.83亿 | +0.4% | -$1.83亿 | -$1.96亿 | +6.4% |
| Additional Paid in Capital, Common Stock | $89.5亿 | $88.1亿 | +1.6% | $88.8亿 | $87.7亿 | +1.2% |
| Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature | – | – | – | $432万 | – | – |
| Adjustments to Additional Paid in Capital, Other | -$674万2026-03-31 | $95.5万 | -805.4% | $95.5万 | – | – |
| Advertising Expense | $1.36亿 | $2.17亿 | -37.3% | $7.75亿 | $7.45亿 | +4.0% |
| Amortization of Intangible Assets | – | – | – | $1600万 | $9800万 | -83.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | -46.1万 | 45.4万 | -201.5% | 2300万 | 2750万 | -16.5% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $4800万 | $851万 | +463.6% | $3630万 | $3640万 | -0.3% |
| Asset Retirement Obligation | $9.8万 | $3.48亿 | -100.0% | $4.49亿 | $3.27亿 | +37.2% |
| Asset Retirement Obligation, Accretion Expense | $1140万 | $803万 | +42.1% | $3600万 | $2780万 | +29.6% |
| Asset Retirement Obligation, Legally Restricted Assets, Fair Value | $0 | $2.09亿 | -100.0% | $0 | $2.16亿 | -100.0% |
| Asset Retirement Obligation, Liabilities Incurred | $02025-12-31 | $692万 | -100.0% | $522万 | $2090万 | -75.0% |
| Asset Retirement Obligation, Liabilities Settled | $15.1万 | – | – | – | – | – |
| Asset Retirement Obligation, Revision of Estimate | $02025-12-31 | – | – | $8050万 | – | – |
| Assets | $394亿 | $599亿 | -34.2% | $430亿 | $609亿 | -29.4% |
| Assets, Current | $199亿 | $69.2亿 | +187.1% | $51.3亿 | $81亿 | -36.6% |
| Assets, Noncurrent | $196亿 | $530亿 | -63.0% | $379亿 | $528亿 | -28.3% |
| Business Exit Costs | -$2020万2025-12-31 | – | – | $7.86亿 | – | – |
| Capitalized Contract Cost, Amortization | $5750万 | $6760万 | -15.0% | $2.72亿 | $3.22亿 | -15.5% |
| Capitalized Contract Cost, Net | $1.08亿 | $2.82亿 | -61.7% | $2.62亿 | $2.89亿 | -9.4% |
| Cash and Cash Equivalents, at Carrying Value | $4.4亿 | $23.5亿 | -81.2% | $18.8亿 | $43.1亿 | -56.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $14.4亿 | $26.5亿 | -45.4% | $21.8亿 | $45.9亿 | -52.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$4250万 | -$1.68亿 | +74.8% | -$24.1亿 | $26.8亿 | -189.9% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $21.3万 | $44.5万 | -52.1% | -$764万 | -$1230万 | +37.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $84.6亿 | -$3.01亿 | +2,907.0% | -$145亿 | -$1.55亿 | -9,232.8% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $84.6亿 | -$3.01亿 | +2,911.2% | -$145亿 | -$1.67亿 | -8,553.9% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $1.14亿 | $1.49亿 | -23.7% | $1.39亿 | $1.08亿 | +28.3% |
| Contract with Customer, Liability | $2.28亿 | $6.29亿 | -63.8% | $6.08亿 | $6.49亿 | -6.3% |
| Contract with Customer, Liability, Current | $2.21亿 | $6.39亿 | -65.4% | $6.39亿 | $6.51亿 | -1.8% |
| Contractual Obligation | $459亿2025-12-31 | $531亿 | -13.5% | $459亿 | $531亿 | -13.5% |
| Contractual Obligation, to be Paid, after Year Five | $42.2亿2025-12-31 | $107亿 | -60.4% | $42.2亿 | $107亿 | -60.4% |
| Contractual Obligation, to be Paid, Year Five | $58.8亿2025-12-31 | $92.7亿 | -36.6% | $58.8亿 | $92.7亿 | -36.6% |
| Contractual Obligation, to be Paid, Year Four | $92.2亿2025-12-31 | $62.7亿 | +47.0% | $92.2亿 | $62.7亿 | +47.0% |
| Contractual Obligation, to be Paid, Year One | $132亿2025-12-31 | $78.2亿 | +69.1% | $132亿 | $78.2亿 | +69.1% |
| Contractual Obligation, to be Paid, Year Three | $60.6亿2025-12-31 | $77.2亿 | -21.4% | $60.6亿 | $77.2亿 | -21.4% |
| Contractual Obligation, to be Paid, Year Two | $73.5亿2025-12-31 | $114亿 | -35.6% | $73.5亿 | $114亿 | -35.6% |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $19.3亿 | $24.6亿 | -21.7% | $94.5亿 | $101亿 | -6.8% |
| Costs and Expenses | $30.6亿 | $39.4亿 | -22.2% | $327亿 | $161亿 | +102.9% |
| Costs Incurred, Asset Retirement Obligation Incurred | $02025-12-31 | $692万 | -100.0% | $8570万 | $2090万 | +309.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$223万 | -$2020万 | +89.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1350万 | $1790万 | -24.7% |
| Current Income Tax Expense (Benefit) | – | – | – | $2650万 | $2070万 | +28.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1530万 | $2300万 | -33.6% |
| Debt and Lease Obligation | $174亿 | $265亿 | -34.1% | $260亿 | $266亿 | -2.3% |
| Debt Conversion, Converted Instrument, Warrants or Options Issued | 4600万2026-03-31 | – | – | – | – | – |
| Debt Instrument, Interest Rate, Stated Percentage | 0.3% | 0.3% | 0.0% | 0.3% | 0.3% | 0.0% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $3.23亿 | $4.84亿 | -33.3% | $4.17亿 | $5.56亿 | -25.0% |
| Deconsolidation, Gain (Loss), Amount | $97.3亿 | – | – | – | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$38.3亿 | -$3580万 | -10,579.4% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$2420万 | -$2370万 | -2.4% |
| Deferred Income Tax Expense (Benefit) | $13.2亿 | -$1.06亿 | +1,345.4% | -$44.1亿 | $2830万 | -15,703.8% |
| Deferred Income Tax Liabilities, Net | $34.1亿 | $48.1亿 | -29.2% | $5.99亿 | $49.9亿 | -88.0% |
| Deferred Long-term Liability Charges | $18.9亿 | $10.3亿 | +84.4% | $14.5亿 | $10亿 | +44.3% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$5.62亿 | -$6090万 | -821.6% |
| Deferred Tax Assets, Deferred Income | $453万2025-12-31 | $637万 | -28.9% | $453万 | $637万 | -28.9% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02