EchoStar Corporation (SATS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -736,265 | 1,119,290 | 1,032,680 | 769,721 | 767,146 |
| Revenue | US$ in thousands | 15,266,000 | 2,033,290 | 1,986,150 | 1,801,530 | 1,803,760 |
| Gross profit margin | -4.82% | 55.05% | 51.99% | 42.73% | 42.53% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-736,265K ÷ $15,266,000K
= -4.82%
The gross profit margin of EchoStar Corporation has fluctuated significantly over the past five years. In 2023, the company's gross profit margin was negative at -4.82%, indicating that EchoStar experienced a loss on its core business operations during that period. This is a marked departure from the positive margins seen in the previous years, with 2022 showing a strong margin of 55.05%, followed by 51.99% in 2021 and 42.73% in 2020. Notably, the margins in these years were generally healthy and relatively stable, reflecting the company's ability to effectively manage its production costs and generate profits from its goods or services. However, the drop in margin in 2023 raises concerns about EchoStar's operational efficiency and cost control mechanisms. Further analysis would be needed to understand the reasons behind the negative margin and to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023