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

PBF Energy Inc. is the larger business by last-quarter revenue ($7.9B vs $3.8B, roughly 2.1× EchoStar CORP). PBF Energy Inc. runs the higher net margin — 2.5% vs -31.8%, a 34.3% gap on every dollar of revenue. On growth, PBF Energy Inc. posted the faster year-over-year revenue change (11.9% vs -4.3%). Over the past eight quarters, EchoStar CORP's revenue compounded faster (-2.8% CAGR vs -4.9%).

PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...

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...

PBF vs SATS — Head-to-Head

Bigger by revenue
PBF
PBF
2.1× larger
PBF
$7.9B
$3.8B
SATS
Growing faster (revenue YoY)
PBF
PBF
+16.2% gap
PBF
11.9%
-4.3%
SATS
Higher net margin
PBF
PBF
34.3% more per $
PBF
2.5%
-31.8%
SATS
Faster 2-yr revenue CAGR
SATS
SATS
Annualised
SATS
-2.8%
-4.9%
PBF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PBF
PBF
SATS
SATS
Revenue
$7.9B
$3.8B
Net Profit
$200.2M
$-1.2B
Gross Margin
3.5%
Operating Margin
3.8%
-20.5%
Net Margin
2.5%
-31.8%
Revenue YoY
11.9%
-4.3%
Net Profit YoY
149.4%
-460.1%
EPS (diluted)
$1.65
$-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
PBF
PBF
SATS
SATS
Q1 26
$7.9B
Q4 25
$7.1B
$3.8B
Q3 25
$7.7B
$3.6B
Q2 25
$7.5B
$3.7B
Q1 25
$7.1B
$3.9B
Q4 24
$7.4B
$4.0B
Q3 24
$8.4B
$3.9B
Q2 24
$8.7B
$4.0B
Net Profit
PBF
PBF
SATS
SATS
Q1 26
$200.2M
Q4 25
$78.4M
$-1.2B
Q3 25
$170.1M
$-12.8B
Q2 25
$-5.2M
$-306.1M
Q1 25
$-401.8M
$-202.7M
Q4 24
$-289.3M
$335.2M
Q3 24
$-285.9M
$-141.8M
Q2 24
$-65.2M
$-205.6M
Gross Margin
PBF
PBF
SATS
SATS
Q1 26
3.5%
Q4 25
-1.8%
Q3 25
0.5%
Q2 25
-0.8%
Q1 25
-5.9%
Q4 24
-4.2%
Q3 24
-3.4%
Q2 24
0.1%
Operating Margin
PBF
PBF
SATS
SATS
Q1 26
3.8%
Q4 25
1.8%
-20.5%
Q3 25
3.7%
-460.5%
Q2 25
0.6%
-5.7%
Q1 25
-7.2%
-2.3%
Q4 24
-5.2%
-1.6%
Q3 24
-4.6%
-4.1%
Q2 24
-0.9%
-1.7%
Net Margin
PBF
PBF
SATS
SATS
Q1 26
2.5%
Q4 25
1.1%
-31.8%
Q3 25
2.2%
-353.6%
Q2 25
-0.1%
-8.2%
Q1 25
-5.7%
-5.2%
Q4 24
-3.9%
8.5%
Q3 24
-3.4%
-3.6%
Q2 24
-0.7%
-5.2%
EPS (diluted)
PBF
PBF
SATS
SATS
Q1 26
$1.65
Q4 25
$0.74
$-4.27
Q3 25
$1.45
$-44.37
Q2 25
$-0.05
$-1.06
Q1 25
$-3.53
$-0.71
Q4 24
$-2.41
$1.24
Q3 24
$-2.49
$-0.52
Q2 24
$-0.56
$-0.76

Balance Sheet & Financial Strength

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

Metric
PBF
PBF
SATS
SATS
Cash + ST InvestmentsLiquidity on hand
$541.8M
$3.0B
Total DebtLower is stronger
$18.7B
Stockholders' EquityBook value
$5.7B
$5.8B
Total Assets
$14.7B
$43.0B
Debt / EquityLower = less leverage
3.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBF
PBF
SATS
SATS
Q1 26
$541.8M
Q4 25
$527.9M
$3.0B
Q3 25
$482.0M
$3.9B
Q2 25
$590.7M
$4.3B
Q1 25
$468.6M
$5.1B
Q4 24
$536.1M
$5.5B
Q3 24
$976.7M
$674.4M
Q2 24
$1.4B
$520.6M
Total Debt
PBF
PBF
SATS
SATS
Q1 26
Q4 25
$18.7B
Q3 25
$21.8B
Q2 25
$25.4B
Q1 25
$25.3B
Q4 24
$25.7B
Q3 24
Q2 24
Stockholders' Equity
PBF
PBF
SATS
SATS
Q1 26
$5.7B
Q4 25
$5.3B
$5.8B
Q3 25
$5.2B
$7.0B
Q2 25
$5.1B
$19.7B
Q1 25
$5.1B
$20.0B
Q4 24
$5.5B
$20.2B
Q3 24
$5.9B
$19.4B
Q2 24
$6.3B
$19.6B
Total Assets
PBF
PBF
SATS
SATS
Q1 26
$14.7B
Q4 25
$13.0B
$43.0B
Q3 25
$13.0B
$45.3B
Q2 25
$13.0B
$59.9B
Q1 25
$13.0B
$60.6B
Q4 24
$12.7B
$60.9B
Q3 24
$13.1B
$57.5B
Q2 24
$14.1B
$55.3B
Debt / Equity
PBF
PBF
SATS
SATS
Q1 26
Q4 25
3.24×
Q3 25
3.13×
Q2 25
1.29×
Q1 25
1.27×
Q4 24
1.27×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
PBF
PBF
SATS
SATS
Operating Cash FlowLast quarter
$-425.3M
Free Cash FlowOCF − Capex
$-583.4M
FCF MarginFCF / Revenue
-15.4%
Capex IntensityCapex / Revenue
4.0%
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBF
PBF
SATS
SATS
Q1 26
Q4 25
$366.6M
$-425.3M
Q3 25
$25.7M
$111.7M
Q2 25
$191.1M
$7.5M
Q1 25
$-661.4M
$206.8M
Q4 24
$-329.7M
$45.6M
Q3 24
$-68.0M
$276.2M
Q2 24
$425.3M
$479.7M
Free Cash Flow
PBF
PBF
SATS
SATS
Q1 26
Q4 25
$77.0M
$-583.4M
Q3 25
$-122.8M
$-144.4M
Q2 25
$35.0M
$-285.7M
Q1 25
$-772.4M
$-51.7M
Q4 24
$-425.7M
$-298.7M
Q3 24
$-169.8M
$-57.5M
Q2 24
$371.8M
$132.4M
FCF Margin
PBF
PBF
SATS
SATS
Q1 26
Q4 25
1.1%
-15.4%
Q3 25
-1.6%
-4.0%
Q2 25
0.5%
-7.7%
Q1 25
-10.9%
-1.3%
Q4 24
-5.8%
-7.5%
Q3 24
-2.0%
-1.5%
Q2 24
4.3%
3.3%
Capex Intensity
PBF
PBF
SATS
SATS
Q1 26
4.0%
Q4 25
4.1%
4.2%
Q3 25
1.9%
7.1%
Q2 25
2.1%
7.9%
Q1 25
1.6%
6.7%
Q4 24
1.3%
8.7%
Q3 24
1.2%
8.6%
Q2 24
0.6%
8.8%
Cash Conversion
PBF
PBF
SATS
SATS
Q1 26
Q4 25
4.68×
Q3 25
0.15×
Q2 25
Q1 25
Q4 24
0.14×
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PBF
PBF

Segment breakdown not available.

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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