EchoStar Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of EchoStar Corporation (ECHO). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Pay-TV | – | $12.93B 65.2% | $12.51B 66.9% · -3.3% | $11.57B 67.8% · -7.5% | $10.69B 67.3% · -7.6% |
| Retail Wireless | – | $4.90B 24.7% | $4.18B 22.4% · -14.6% | $3.73B 21.9% · -10.7% | $3.61B 22.7% · -3.3% |
| Broadband and Satellite Services | – | $1.99B 10.0% | $2.00B 10.7% · +0.6% | $1.76B 10.3% · -12.1% | $1.58B 9.9% · -10.2% |
| Hughes segment | $1.86B 99.1% | – | – | – | – |
| EchoStar Satellite Services segment | $17.4M 0.9% | – | – | – | – |
| 5G Network Deployment | – | $73.9M 0.4% | – | – | – |
| Eliminations | – | -$66.8M -0.3% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Pay-TV | – | $3.08B 23.8% | $2.93B 23.5% | $2.70B 23.3% | $2.65B 24.8% |
| Retail Wireless | – | $343.8M 7.0% | -$888.2M -21.2% | -$2.52B -67.6% | -$2.83B -78.5% |
| Broadband and Satellite Services | – | $209.0M 10.5% | $181.6M 9.1% | -$458.6M -26.1% | -$117.9M -7.5% |
| Hughes segment | – | – | – | – | – |
| EchoStar Satellite Services segment | – | – | – | – | – |
| 5G Network Deployment | – | -$216.3M -292.8% | – | – | – |
| Eliminations | – | $10.3M 15.5% | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| North America | $1.58B 83.9% | $19.48B 98.3% · +1,129.9% | $18.24B 97.9% · -6.3% | $16.67B 98.0% · -8.6% | $15.51B 98.0% · -7.0% | $14.72B 98.1% · -5.1% |
| Foreign | – | $339.0M 1.7% | $389.8M 2.1% · +15.0% | $345.2M 2.0% · -11.4% | $316.7M 2.0% · -8.2% | $287.7M 1.9% · -9.2% |
| South and Central America | $151.4M 8.0% | – | – | – | – | – |
| Other | $152.7M 8.1% | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Service and other revenue | NGA18.60B 93.8% | NGA17.60B 94.4% · -5.4% | NGA16.15B 94.9% · -8.2% | NGA14.96B 94.5% · -7.4% | NGA14.02B 93.5% · -6.2% |
| Equipment sales and other revenue | NGA1.22B 6.2% | NGA1.04B 5.6% · -14.9% | NGA869.8M 5.1% · -16.2% | NGA869.4M 5.5% · -0.1% | NGA981.3M 6.5% · +12.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 13, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.