Forensic Analysis · Communication Services / Telecom · as of Jun 27, 2026
EchoStar CORP (SATS)
A forensic read on EchoStar CORP built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-3.9
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-151.7%
ROE
$30.1B
Market cap
EchoStar CORP earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is -3.9, placing it in the Distress zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-39%Return on invested capital.Return on invested capital is -39% and slipping from 3% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
$758MGoodwill impairments.Took $758M of goodwill writedowns across 1 year(s) (FY2023 ($758M)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin-96.6%
Debt / Equity4.51x
Free Cash Flow$-1.07B
Latest Revenue$15.00B
Return on Equity-251.4%
Revenue Growth YoY-5.2%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on EchoStar CORP:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about SATS's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown