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Side-by-side financial comparison of BrightSpring Health Services, Inc. (BTSG) 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 $3.6B, roughly 1.1× BrightSpring Health Services, Inc.). BrightSpring Health Services, Inc. runs the higher net margin — 2.2% vs -31.8%, a 34.0% gap on every dollar of revenue. On growth, BrightSpring Health Services, Inc. posted the faster year-over-year revenue change (16.3% vs -4.3%). BrightSpring Health Services, Inc. produced more free cash flow last quarter ($193.9M vs $-583.4M). Over the past eight quarters, BrightSpring Health Services, Inc.'s revenue compounded faster (17.4% CAGR vs -2.8%).

Cardinal Health, Inc. is an American multinational health care services company, and the 15th highest revenue generating company in the United States. Headquartered in Dublin, Ohio, the company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations. The company also manufactures medical and surgical product, including gloves, surgical apparel, and fluid management products. In addition, it operates one of the largest networks of radiopharm...

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...

BTSG vs SATS — Head-to-Head

Bigger by revenue
SATS
SATS
1.1× larger
SATS
$3.8B
$3.6B
BTSG
Growing faster (revenue YoY)
BTSG
BTSG
+20.6% gap
BTSG
16.3%
-4.3%
SATS
Higher net margin
BTSG
BTSG
34.0% more per $
BTSG
2.2%
-31.8%
SATS
More free cash flow
BTSG
BTSG
$777.3M more FCF
BTSG
$193.9M
$-583.4M
SATS
Faster 2-yr revenue CAGR
BTSG
BTSG
Annualised
BTSG
17.4%
-2.8%
SATS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BTSG
BTSG
SATS
SATS
Revenue
$3.6B
$3.8B
Net Profit
$77.1M
$-1.2B
Gross Margin
11.6%
Operating Margin
3.0%
-20.5%
Net Margin
2.2%
-31.8%
Revenue YoY
16.3%
-4.3%
Net Profit YoY
381.8%
-460.1%
EPS (diluted)
$0.34
$-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
BTSG
BTSG
SATS
SATS
Q4 25
$3.6B
$3.8B
Q3 25
$3.3B
$3.6B
Q2 25
$3.1B
$3.7B
Q1 25
$2.9B
$3.9B
Q4 24
$3.1B
$4.0B
Q3 24
$2.9B
$3.9B
Q2 24
$2.7B
$4.0B
Q1 24
$2.6B
$4.0B
Net Profit
BTSG
BTSG
SATS
SATS
Q4 25
$77.1M
$-1.2B
Q3 25
$55.8M
$-12.8B
Q2 25
$28.2M
$-306.1M
Q1 25
$29.5M
$-202.7M
Q4 24
$16.0M
$335.2M
Q3 24
$-8.2M
$-141.8M
Q2 24
$19.9M
$-205.6M
Q1 24
$-45.8M
$-107.4M
Gross Margin
BTSG
BTSG
SATS
SATS
Q4 25
11.6%
Q3 25
11.8%
Q2 25
11.9%
Q1 25
11.8%
Q4 24
13.8%
Q3 24
14.0%
Q2 24
14.2%
Q1 24
14.3%
Operating Margin
BTSG
BTSG
SATS
SATS
Q4 25
3.0%
-20.5%
Q3 25
2.6%
-460.5%
Q2 25
1.5%
-5.7%
Q1 25
1.8%
-2.3%
Q4 24
2.6%
-1.6%
Q3 24
2.0%
-4.1%
Q2 24
2.3%
-1.7%
Q1 24
0.3%
-0.4%
Net Margin
BTSG
BTSG
SATS
SATS
Q4 25
2.2%
-31.8%
Q3 25
1.7%
-353.6%
Q2 25
0.9%
-8.2%
Q1 25
1.0%
-5.2%
Q4 24
0.5%
8.5%
Q3 24
-0.3%
-3.6%
Q2 24
0.7%
-5.2%
Q1 24
-1.8%
-2.7%
EPS (diluted)
BTSG
BTSG
SATS
SATS
Q4 25
$0.34
$-4.27
Q3 25
$0.26
$-44.37
Q2 25
$0.13
$-1.06
Q1 25
$0.14
$-0.71
Q4 24
$0.11
$1.24
Q3 24
$-0.04
$-0.52
Q2 24
$0.10
$-0.76
Q1 24
$-0.26
$-0.40

Balance Sheet & Financial Strength

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

Metric
BTSG
BTSG
SATS
SATS
Cash + ST InvestmentsLiquidity on hand
$88.4M
$3.0B
Total DebtLower is stronger
$2.5B
$18.7B
Stockholders' EquityBook value
$1.9B
$5.8B
Total Assets
$6.4B
$43.0B
Debt / EquityLower = less leverage
1.34×
3.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTSG
BTSG
SATS
SATS
Q4 25
$88.4M
$3.0B
Q3 25
$140.3M
$3.9B
Q2 25
$70.1M
$4.3B
Q1 25
$52.3M
$5.1B
Q4 24
$61.3M
$5.5B
Q3 24
$36.0M
$674.4M
Q2 24
$25.0M
$520.6M
Q1 24
$58.0M
$766.4M
Total Debt
BTSG
BTSG
SATS
SATS
Q4 25
$2.5B
$18.7B
Q3 25
$2.5B
$21.8B
Q2 25
$2.5B
$25.4B
Q1 25
$2.5B
$25.3B
Q4 24
$2.6B
$25.7B
Q3 24
$2.7B
Q2 24
$2.6B
Q1 24
$2.6B
$951.0M
Stockholders' Equity
BTSG
BTSG
SATS
SATS
Q4 25
$1.9B
$5.8B
Q3 25
$1.8B
$7.0B
Q2 25
$1.7B
$19.7B
Q1 25
$1.7B
$20.0B
Q4 24
$1.6B
$20.2B
Q3 24
$1.6B
$19.4B
Q2 24
$1.6B
$19.6B
Q1 24
$1.6B
$19.8B
Total Assets
BTSG
BTSG
SATS
SATS
Q4 25
$6.4B
$43.0B
Q3 25
$6.0B
$45.3B
Q2 25
$5.9B
$59.9B
Q1 25
$5.8B
$60.6B
Q4 24
$5.9B
$60.9B
Q3 24
$5.8B
$57.5B
Q2 24
$5.6B
$55.3B
Q1 24
$5.7B
$55.6B
Debt / Equity
BTSG
BTSG
SATS
SATS
Q4 25
1.34×
3.24×
Q3 25
1.38×
3.13×
Q2 25
1.45×
1.29×
Q1 25
1.50×
1.27×
Q4 24
1.58×
1.27×
Q3 24
1.65×
Q2 24
1.63×
Q1 24
1.64×
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
BTSG
BTSG
SATS
SATS
Operating Cash FlowLast quarter
$231.6M
$-425.3M
Free Cash FlowOCF − Capex
$193.9M
$-583.4M
FCF MarginFCF / Revenue
5.5%
-15.4%
Capex IntensityCapex / Revenue
1.1%
4.2%
Cash ConversionOCF / Net Profit
3.00×
TTM Free Cash FlowTrailing 4 quarters
$394.7M
$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTSG
BTSG
SATS
SATS
Q4 25
$231.6M
$-425.3M
Q3 25
$107.9M
$111.7M
Q2 25
$49.1M
$7.5M
Q1 25
$101.6M
$206.8M
Q4 24
$90.6M
$45.6M
Q3 24
$27.2M
$276.2M
Q2 24
$-15.2M
$479.7M
Q1 24
$-78.9M
$451.3M
Free Cash Flow
BTSG
BTSG
SATS
SATS
Q4 25
$193.9M
$-583.4M
Q3 25
$92.2M
$-144.4M
Q2 25
$24.7M
$-285.7M
Q1 25
$84.0M
$-51.7M
Q4 24
$75.3M
$-298.7M
Q3 24
$7.2M
$-57.5M
Q2 24
$-39.0M
$132.4M
Q1 24
$-100.7M
$-68.4M
FCF Margin
BTSG
BTSG
SATS
SATS
Q4 25
5.5%
-15.4%
Q3 25
2.8%
-4.0%
Q2 25
0.8%
-7.7%
Q1 25
2.9%
-1.3%
Q4 24
2.5%
-7.5%
Q3 24
0.2%
-1.5%
Q2 24
-1.4%
3.3%
Q1 24
-3.9%
-1.7%
Capex Intensity
BTSG
BTSG
SATS
SATS
Q4 25
1.1%
4.2%
Q3 25
0.5%
7.1%
Q2 25
0.8%
7.9%
Q1 25
0.6%
6.7%
Q4 24
0.5%
8.7%
Q3 24
0.7%
8.6%
Q2 24
0.9%
8.8%
Q1 24
0.8%
12.9%
Cash Conversion
BTSG
BTSG
SATS
SATS
Q4 25
3.00×
Q3 25
1.93×
Q2 25
1.74×
Q1 25
3.44×
Q4 24
5.66×
0.14×
Q3 24
Q2 24
-0.76×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BTSG
BTSG

Medicare D$1.1B32%
Commercial Insurance$879.8M25%
Medicare C$641.2M18%
Provider Services$394.2M11%
Medicaid$301.4M8%
Medicare A$150.5M4%
Private And Other$44.0M1%
Medicare B$19.5M1%
Pharmacy Solutions And Provider Services Segments$19.0M1%

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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