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Side-by-side financial comparison of Alcoa Corp (AA) and EchoStar CORP (SATS). Click either name above to swap in a different company.

EchoStar CORP is the larger business by last-quarter revenue ($3.8B vs $3.4B, roughly 1.1× Alcoa Corp). Alcoa Corp runs the higher net margin — 6.2% vs -31.8%, a 38.0% gap on every dollar of revenue. On growth, Alcoa Corp posted the faster year-over-year revenue change (-1.1% vs -4.3%). Alcoa Corp produced more free cash flow last quarter ($294.0M vs $-583.4M). Over the past eight quarters, Alcoa Corp's revenue compounded faster (15.2% CAGR vs -2.8%).

Alcoa Corporation is an American industrial corporation that produces aluminum. According to industry rankings, it is among the largest producers globally. The company operates in 10 countries and is involved in mining, refining, smelting, fabricating, and recycling aluminum products.

TiVo Inc. v. EchoStar Corp. is a case stretching from 2004 to 2011, which took place in the United States District Court for the Eastern District of Texas and the United States Court of Appeals for the Federal Circuit. TiVo Inc. sued EchoStar Corp. claiming patent infringement of a DVR technology. The issues addressed during litigation included patent infringement, wording of injunctions, infringing product redesign, contempt of court orders, and contempt sanctions. Ultimately, the court held...

AA vs SATS — Head-to-Head

Bigger by revenue
SATS
SATS
1.1× larger
SATS
$3.8B
$3.4B
AA
Growing faster (revenue YoY)
AA
AA
+3.2% gap
AA
-1.1%
-4.3%
SATS
Higher net margin
AA
AA
38.0% more per $
AA
6.2%
-31.8%
SATS
More free cash flow
AA
AA
$877.4M more FCF
AA
$294.0M
$-583.4M
SATS
Faster 2-yr revenue CAGR
AA
AA
Annualised
AA
15.2%
-2.8%
SATS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AA
AA
SATS
SATS
Revenue
$3.4B
$3.8B
Net Profit
$213.0M
$-1.2B
Gross Margin
Operating Margin
2.0%
-20.5%
Net Margin
6.2%
-31.8%
Revenue YoY
-1.1%
-4.3%
Net Profit YoY
5.4%
-460.1%
EPS (diluted)
$0.80
$-4.27

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AA
AA
SATS
SATS
Q4 25
$3.4B
$3.8B
Q3 25
$3.0B
$3.6B
Q2 25
$3.0B
$3.7B
Q1 25
$3.4B
$3.9B
Q4 24
$3.5B
$4.0B
Q3 24
$2.9B
$3.9B
Q2 24
$2.9B
$4.0B
Q1 24
$2.6B
$4.0B
Net Profit
AA
AA
SATS
SATS
Q4 25
$213.0M
$-1.2B
Q3 25
$232.0M
$-12.8B
Q2 25
$164.0M
$-306.1M
Q1 25
$548.0M
$-202.7M
Q4 24
$202.0M
$335.2M
Q3 24
$90.0M
$-141.8M
Q2 24
$20.0M
$-205.6M
Q1 24
$-252.0M
$-107.4M
Operating Margin
AA
AA
SATS
SATS
Q4 25
2.0%
-20.5%
Q3 25
5.6%
-460.5%
Q2 25
5.3%
-5.7%
Q1 25
19.8%
-2.3%
Q4 24
9.7%
-1.6%
Q3 24
6.3%
-4.1%
Q2 24
3.2%
-1.7%
Q1 24
-12.5%
-0.4%
Net Margin
AA
AA
SATS
SATS
Q4 25
6.2%
-31.8%
Q3 25
7.7%
-353.6%
Q2 25
5.4%
-8.2%
Q1 25
16.3%
-5.2%
Q4 24
5.8%
8.5%
Q3 24
3.1%
-3.6%
Q2 24
0.7%
-5.2%
Q1 24
-9.7%
-2.7%
EPS (diluted)
AA
AA
SATS
SATS
Q4 25
$0.80
$-4.27
Q3 25
$0.88
$-44.37
Q2 25
$0.62
$-1.06
Q1 25
$2.07
$-0.71
Q4 24
$1.18
$1.24
Q3 24
$0.38
$-0.52
Q2 24
$0.11
$-0.76
Q1 24
$-1.41
$-0.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AA
AA
SATS
SATS
Cash + ST InvestmentsLiquidity on hand
$1.6B
$3.0B
Total DebtLower is stronger
$2.4B
$18.7B
Stockholders' EquityBook value
$6.1B
$5.8B
Total Assets
$16.1B
$43.0B
Debt / EquityLower = less leverage
0.40×
3.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AA
AA
SATS
SATS
Q4 25
$1.6B
$3.0B
Q3 25
$1.5B
$3.9B
Q2 25
$1.5B
$4.3B
Q1 25
$1.2B
$5.1B
Q4 24
$1.1B
$5.5B
Q3 24
$1.3B
$674.4M
Q2 24
$1.4B
$520.6M
Q1 24
$1.4B
$766.4M
Total Debt
AA
AA
SATS
SATS
Q4 25
$2.4B
$18.7B
Q3 25
$2.6B
$21.8B
Q2 25
$2.6B
$25.4B
Q1 25
$2.6B
$25.3B
Q4 24
$2.5B
$25.7B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.5B
$951.0M
Stockholders' Equity
AA
AA
SATS
SATS
Q4 25
$6.1B
$5.8B
Q3 25
$6.3B
$7.0B
Q2 25
$6.1B
$19.7B
Q1 25
$5.8B
$20.0B
Q4 24
$5.2B
$20.2B
Q3 24
$5.3B
$19.4B
Q2 24
$3.9B
$19.6B
Q1 24
$4.0B
$19.8B
Total Assets
AA
AA
SATS
SATS
Q4 25
$16.1B
$43.0B
Q3 25
$16.0B
$45.3B
Q2 25
$15.0B
$59.9B
Q1 25
$14.6B
$60.6B
Q4 24
$14.1B
$60.9B
Q3 24
$14.5B
$57.5B
Q2 24
$14.3B
$55.3B
Q1 24
$14.3B
$55.6B
Debt / Equity
AA
AA
SATS
SATS
Q4 25
0.40×
3.24×
Q3 25
0.41×
3.13×
Q2 25
0.42×
1.29×
Q1 25
0.44×
1.27×
Q4 24
0.48×
1.27×
Q3 24
0.47×
Q2 24
0.63×
Q1 24
0.62×
0.05×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AA
AA
SATS
SATS
Operating Cash FlowLast quarter
$537.0M
$-425.3M
Free Cash FlowOCF − Capex
$294.0M
$-583.4M
FCF MarginFCF / Revenue
8.5%
-15.4%
Capex IntensityCapex / Revenue
7.0%
4.2%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$567.0M
$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AA
AA
SATS
SATS
Q4 25
$537.0M
$-425.3M
Q3 25
$85.0M
$111.7M
Q2 25
$488.0M
$7.5M
Q1 25
$75.0M
$206.8M
Q4 24
$415.0M
$45.6M
Q3 24
$143.0M
$276.2M
Q2 24
$287.0M
$479.7M
Q1 24
$-223.0M
$451.3M
Free Cash Flow
AA
AA
SATS
SATS
Q4 25
$294.0M
$-583.4M
Q3 25
$-66.0M
$-144.4M
Q2 25
$357.0M
$-285.7M
Q1 25
$-18.0M
$-51.7M
Q4 24
$246.0M
$-298.7M
Q3 24
$-3.0M
$-57.5M
Q2 24
$123.0M
$132.4M
Q1 24
$-324.0M
$-68.4M
FCF Margin
AA
AA
SATS
SATS
Q4 25
8.5%
-15.4%
Q3 25
-2.2%
-4.0%
Q2 25
11.8%
-7.7%
Q1 25
-0.5%
-1.3%
Q4 24
7.1%
-7.5%
Q3 24
-0.1%
-1.5%
Q2 24
4.2%
3.3%
Q1 24
-12.5%
-1.7%
Capex Intensity
AA
AA
SATS
SATS
Q4 25
7.0%
4.2%
Q3 25
5.0%
7.1%
Q2 25
4.3%
7.9%
Q1 25
2.8%
6.7%
Q4 24
4.8%
8.7%
Q3 24
5.0%
8.6%
Q2 24
5.6%
8.8%
Q1 24
3.9%
12.9%
Cash Conversion
AA
AA
SATS
SATS
Q4 25
2.52×
Q3 25
0.37×
Q2 25
2.98×
Q1 25
0.14×
Q4 24
2.05×
0.14×
Q3 24
1.59×
Q2 24
14.35×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AA
AA

Aluminum$2.5B72%
Third Party Sales$979.0M28%

SATS
SATS

Pay Tv$2.4B62%
Wireless Services And Related Revenue$846.5M22%
Equipment Sales And Other Revenue$346.5M9%
Broadband And Satellite Services And Other Revenue$264.1M7%

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