BCE vs ECHO: BCE Inc and EchoStar CORP compared
EchoStar CORP is the larger company, worth $27.5B, about 1.4 times BCE Inc.
BCE Inc (BCE)Telecom Services
$21.62$20.2B market cap
vs
EchoStar CORP (ECHO)Telecom Services
$94.62$27.5B market cap
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- EchoStar CORP is the larger company, worth $27.5B, about 1.4 times BCE Inc.
- BCE Inc grew revenue faster over the last year (+0.2% vs -19.8%).
- On earnings, EchoStar CORP is the cheaper stock (3.5x vs 4.5x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | BCE | ECHO |
|---|---|---|
| Market cap | $20.2B | $27.5B |
| Share price | $21.62 | $94.62 |
| Revenue (last fiscal year) | 24.5B CAD | $15.0B |
| Free cash flow (last fiscal year) | 3.3B CAD | -$1.1B |
| Revenue growth, last year | +0.2% | -19.8% |
| Revenue growth per year, last 5 fiscal years | +1.1% | -6.7% |
| Operating margin | — | 2.2% |
| Net margin | 25.8% | 81.3% |
| Return on equity | 34.9% | 58.4% |
| P/E (trailing) | 4.52x | 3.46x |
| Price / free cash flow | 5.97x | — |
| EV / EBITDA | 4.45x | 1.92x |
| FCF growth the price implies | — | — |
| Dividend yield | 8.1% | — |
| Debt / equity | 2.08x | 0.57x |
| Fundamental grade | B | C |
| Superinvestors holding it | 11 | 0 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
BCE Inc
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | 23.4B CAD | 1.1B CAD | — |
| 2022 | 24.2B CAD | 3.2B CAD | — |
| 2023 | 24.7B CAD | 3.2B CAD | — |
| 2024 | 24.4B CAD | 2.6B CAD | — |
| 2025 | 24.5B CAD | 3.3B CAD | — |
EchoStar CORP
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $19.8B | $3.0B | 17.3% |
| 2022 | $18.6B | $548M | 12.0% |
| 2023 | $17.0B | -$668M | -1.6% |
| 2024 | $15.8B | -$292M | -1.9% |
| 2025 | $15.0B | -$1.1B | -118.1% |
Where the revenue comes from
BCE Inc · by segments, 2025
Bell CTS21.7B CAD87%
Bell Media3.2B CAD13%
EchoStar CORP · by segments, 2025
Pay-TV$9.7B65%
Wireless$3.8B25%
Broadband and Satellite Services$1.5B10%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open BCE in InvestinglyQuestions
Which is bigger, BCE Inc or EchoStar CORP?
EchoStar CORP (ECHO), at $27.5B against $20.2B.
Is BCE or ECHO cheaper?
By trailing P/E, EchoStar CORP (3.46x) is cheaper than BCE Inc (4.52x). A lower multiple can also mean the market expects less growth.
Which grows faster, BCE or ECHO?
BCE Inc: revenue grew +0.2% over the last year, against -19.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.