EchoStar Corporation (SATS)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,812,068 | 934,526 | 1,007,635 | 1,042,513 | 1,119,289 | 1,041,774 | 1,011,796 | 1,052,029 | 1,032,681 | 1,314,411 | 1,264,128 | 1,169,827 | 1,042,984 | 1,052,717 | 1,054,422 | 1,095,550 | 1,178,222 | 1,209,877 | 1,271,381 | 1,464,194 |
| Revenue (ttm) | US$ in thousands | 5,482,553 | 1,828,396 | 1,915,143 | 1,933,970 | 2,033,291 | 1,975,606 | 1,957,556 | 2,000,467 | 1,986,148 | 2,024,663 | 1,986,071 | 1,910,995 | 1,819,466 | 1,829,199 | 1,830,681 | 1,927,588 | 2,025,666 | 2,057,321 | 2,131,820 | 2,120,653 |
| Gross profit margin | 87.77% | 51.11% | 52.61% | 53.91% | 55.05% | 52.73% | 51.69% | 52.59% | 51.99% | 64.92% | 63.65% | 61.22% | 57.32% | 57.55% | 57.60% | 56.84% | 58.16% | 58.81% | 59.64% | 69.04% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,812,068K ÷ $5,482,553K
= 87.77%
The gross profit margin of EchoStar Corporation has fluctuated over the past five years, showing some variability quarter to quarter. The trend indicates a general decrease in gross profit margin from the end of 2019 to the end of 2023, with the most recent figure standing at 87.77% as of December 31, 2023. The company experienced its highest gross profit margin of 69.04% at the end of the first quarter of 2019, and since then, there has been a downward trend in the margin.
The decrease in the gross profit margin may suggest challenges in managing production costs or pricing strategies, leading to lower profitability per unit sold. It is important for EchoStar Corporation to analyze the factors contributing to these margin fluctuations and implement strategies to improve efficiency in production or adjust pricing to enhance profitability in the future.
Peer comparison
Dec 31, 2023