EchoStar Corporation (SATS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	-277,909	2,232,840	217,010	112,473	73,077
Revenue	US$ in thousands	15,266,000	2,033,290	1,986,150	1,801,530	1,803,760
Operating profit margin		-1.82%	109.81%	10.93%	6.24%	4.05%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $-277,909K ÷ $15,266,000K
= -1.82%

The operating profit margin of EchoStar Corporation has exhibited fluctuating trends over the past five years. In 2023, the operating profit margin dipped to -1.82%, indicating that the company's operating expenses exceeded its operating income, resulting in a negative margin. This could be a cause for concern as it suggests operational inefficiencies or challenges impacting profitability.

In the preceding year, 2022, EchoStar Corporation experienced a significantly high operating profit margin of 109.81%, reflecting a remarkable increase in profitability. This surge could be attributed to enhanced cost management, revenue growth, or other favorable operational factors that significantly boosted operating income relative to sales.

In 2021 and 2020, the operating profit margins were 10.93% and 6.24%, respectively. These figures indicate a moderate level of profitability, with the company generating positive margins but not as robust as in 2022.

Looking further back to 2019, EchoStar Corporation's operating profit margin stood at 4.05%. This suggests a steady improvement in profitability compared to prior years, albeit at a modest level.

Overall, the varying levels of operating profit margin over the past five years indicate fluctuations in EchoStar Corporation's operational efficiency and profitability performance. Continued monitoring and analysis of these metrics would be crucial in understanding the company's financial health and identifying areas for improvement in the future.