EchoStar Corporation (SATS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -2,281,090 | 139,058 | 162,771 | 150,776 | 233,223 | 92,831 | 110,051 | 150,355 | 128,347 | 221,014 | 199,439 | 142,711 | -18,803 | -79,203 | -120,902 | -120,701 | -41,000 | -109,660 | -72,299 | 23,085 |
| 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 |
| Pretax margin | -41.61% | 7.61% | 8.50% | 7.80% | 11.47% | 4.70% | 5.62% | 7.52% | 6.46% | 10.92% | 10.04% | 7.47% | -1.03% | -4.33% | -6.60% | -6.26% | -2.02% | -5.33% | -3.39% | 1.09% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-2,281,090K ÷ $5,482,553K
= -41.61%
The pretax margin of EchoStar Corporation has fluctuated over the past few quarters, with a significant decrease to -41.61% in December 2023 from 11.47% in September 2022. This indicates a sharp decline in profitability before taxes. However, the company showed some improvement in the subsequent quarters, reaching positive figures in the single digits. The pretax margin was highest at 11.47% in December 2022 and lowest at -41.61% in December 2023. Overall, the company has experienced variability in its pretax margin, suggesting changing operating efficiencies and cost structures over the analyzed period.
Peer comparison
Dec 31, 2023