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Viasat vs EchoStar: VSAT and ECHO compared
Viasat is the larger company: $1.2B of revenue in its latest quarter (Q2 FY27) against $1.1B for EchoStar (Q3 2026). Viasat is growing faster (+3% against -69% a year earlier). EchoStar is more profitable, with an operating margin of 13.1% against 0.6%.
Where the money goes: VSAT and ECHO
Viasat (VSAT) · Q2 FY27
Viasat, Q2 FY27: revenue $1.2B (+3% year over year), operating margin 0.6%, net loss $120M, operating cash flow $285M. The chart follows the revenue to costs, profit and cash.
EchoStar (ECHO) · Q3 2026
EchoStar, Q3 2026: revenue $1.1B (-69% year over year), operating margin 13.1%, net earnings $2.8B, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
| Viasat (VSAT) | EchoStar (ECHO) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $1.2B | $1.1B |
| Revenue growth, Y/Y | +3% | -69% |
| Operating margin | 0.6% | 13.1% |
| Net earnings | −$120M | $2.8B |
| Net margin | -10.2% | 246.7% |
| Operating cash flow | $285M | $113M |
| Free cash flow | — | $48.1M |
| Market value | $8.9B | $31.6B |
| P/E | — | 3.3× |
| Analysts’ mean target | $101.94 | $139.20 |
Where the revenue comes from
Viasat
- Service: $821M (70%)
- Product: $359M (30%)
EchoStar
- Service and other revenue: $1.0B (91%)
- Equipment sales and other revenue: $96.7M (9%)
Questions
Which is bigger, Viasat or EchoStar?
Viasat is the larger company: $1.2B of revenue in its latest quarter (Q2 FY27) against $1.1B for EchoStar (Q3 2026).
Is Viasat or EchoStar growing faster?
Viasat is growing faster (+3% against -69% a year earlier).
Which is more profitable, Viasat or EchoStar?
EchoStar is more profitable, with an operating margin of 13.1% against 0.6%.
More: Viasat earnings · how Viasat makes money · EchoStar earnings · how EchoStar makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.