EchoStar Corporation (SATS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,702,060 | 166,548 | 62,721 | -51,904 | -62,917 |
| Revenue | US$ in thousands | 15,266,000 | 2,033,290 | 1,986,150 | 1,801,530 | 1,803,760 |
| Net profit margin | -11.15% | 8.19% | 3.16% | -2.88% | -3.49% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-1,702,060K ÷ $15,266,000K
= -11.15%
The net profit margin of EchoStar Corporation has shown fluctuations over the past five years. In 2023, the net profit margin was recorded at -11.15%, indicating a negative profitability trend. This significant decline in profitability from the previous year's 8.19% implies a notable deterioration in the company's ability to generate profits relative to its revenue.
Comparing the performance in 2023 to earlier years, the net profit margin was 3.16% in 2021, -2.88% in 2020, and -3.49% in 2019. Despite the negative trend in recent years, 2021 demonstrated a relatively higher profitability compared to the subsequent years. Conversely, 2020 and 2019 exhibited negative net profit margins, indicating challenges in earnings generation during those periods.
The varying profit margins over the years suggest fluctuations in the company's operational efficiency, cost management, revenue generation, and overall financial performance. The negative net profit margin in 2023 raises concerns about EchoStar Corporation's profitability and underscores the importance of evaluating the factors contributing to this decline to ensure sustainable financial health and performance in the future.
Peer comparison
Dec 31, 2023