ECHO vs VZ: EchoStar CORP and Verizon Communications compared
Verizon Communications is the larger company, worth $189.4B, about 6.9 times EchoStar CORP.
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Verizon Communications is the larger company, worth $189.4B, about 6.9 times EchoStar CORP.
- Verizon Communications grew revenue faster over the last year (+1.4% vs -19.8%).
- Verizon Communications keeps more of each dollar of revenue as operating profit (20.9% vs 2.2%).
- On earnings, EchoStar CORP is the cheaper stock (3.5x vs 11.6x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | ECHO | VZ |
|---|---|---|
| Market cap | $27.5B | $189.4B |
| Share price | $94.62 | $45.69 |
| Revenue (last fiscal year) | $15.0B | $138.2B |
| Free cash flow (last fiscal year) | -$1.1B | $20.1B |
| Revenue growth, last year | -19.8% | +1.4% |
| Revenue growth per year, last 5 fiscal years | -6.7% | +0.8% |
| Operating margin | 2.2% | 20.9% |
| Net margin | 81.3% | 11.8% |
| Return on equity | 58.4% | 15.3% |
| P/E (trailing) | 3.46x | 11.6x |
| Price / free cash flow | — | 8.46x |
| EV / EBITDA | 1.92x | 7.15x |
| FCF growth the price implies | — | -5.0% |
| Dividend yield | — | 6.2% |
| Debt / equity | 0.57x | 1.55x |
| Fundamental grade | C | C |
| Superinvestors holding it | 0 | 31 |
| 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.
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% |
Verizon Communications
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $133.6B | $19.3B | 24.3% |
| 2022 | $136.8B | $14.1B | 22.3% |
| 2023 | $134.0B | $18.7B | 17.1% |
| 2024 | $134.8B | $19.8B | 21.3% |
| 2025 | $138.2B | $20.1B | 21.2% |
Where the revenue comes from
EchoStar CORP · by segments, 2025
Verizon Communications · by segments, 2025
Questions
Which is bigger, EchoStar CORP or Verizon Communications?
Verizon Communications (VZ), at $189.4B against $27.5B.
Is ECHO or VZ cheaper?
By trailing P/E, EchoStar CORP (3.46x) is cheaper than Verizon Communications (11.6x). A lower multiple can also mean the market expects less growth.
Which grows faster, ECHO or VZ?
Verizon Communications: revenue grew +1.4% 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.