The Filing Desk

EchoStar vs Shenandoah Telecommunications

EchoStar ECHO · Shenandoah Telecommunications SHEN · Wireless Telecommunication Services

EchoStar reported revenue of $15.0 billion in fiscal 2025, 41.9 times Shenandoah Telecommunications' $358 million in fiscal 2025. EchoStar's revenue fell 5.2% in its latest year, and Shenandoah Telecommunications' grew 9.1%. EchoStar had an operating margin of -118.1%, against -6.5% at Shenandoah Telecommunications. Free cash flow was −$1.1 billion at EchoStar and −$258 million at Shenandoah Telecommunications.

Side by side

EchoStarShenandoah Telecommunications
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$15.0B$358M
Revenue growth−5.2%9.1%
Revenue growth a year, last 5 years51.4%10.1%
Gross margin——
Operating margin−118.1%−6.5%
Net margin−96.6%−9.2%
Free cash flow−$1.1B−$258M
Free cash flow margin−7.1%−72.1%
Return on capital−39.9%−1.3%
Net debt to EBITDA—5.8x
Dividends and buybacks$48M$6M
Change in diluted share count4.9%2.6%
Last close$89.26$10.14
P/E at the last close——
Insider trades, last 12 monthsbought $68,070, sold $57.4 millionbought $74,280, sold $0
Piotroski F-score1 of 83 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
EchoStarShenandoah Telecommunications
Operating margin
Percent of revenue
EchoStarShenandoah Telecommunications
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EchoStarShenandoah Telecommunications

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the EchoStar and Shenandoah Telecommunications pages.