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Side-by-side financial comparison of EchoStar CORP (SATS) and U.S. Bancorp (USB). Click either name above to swap in a different company.

U.S. Bancorp is the larger business by last-quarter revenue ($7.4B vs $3.8B, roughly 1.9× EchoStar CORP). U.S. Bancorp runs the higher net margin — 27.8% vs -31.8%, a 59.6% gap on every dollar of revenue. On growth, U.S. Bancorp posted the faster year-over-year revenue change (5.1% vs -4.3%). Over the past eight quarters, U.S. Bancorp's revenue compounded faster (4.7% CAGR vs -2.8%).

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...

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

SATS vs USB — Head-to-Head

Bigger by revenue
USB
USB
1.9× larger
USB
$7.4B
$3.8B
SATS
Growing faster (revenue YoY)
USB
USB
+9.4% gap
USB
5.1%
-4.3%
SATS
Higher net margin
USB
USB
59.6% more per $
USB
27.8%
-31.8%
SATS
Faster 2-yr revenue CAGR
USB
USB
Annualised
USB
4.7%
-2.8%
SATS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SATS
SATS
USB
USB
Revenue
$3.8B
$7.4B
Net Profit
$-1.2B
$2.0B
Gross Margin
Operating Margin
-20.5%
34.4%
Net Margin
-31.8%
27.8%
Revenue YoY
-4.3%
5.1%
Net Profit YoY
-460.1%
23.0%
EPS (diluted)
$-4.27
$1.26

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
SATS
SATS
USB
USB
Q4 25
$3.8B
$7.4B
Q3 25
$3.6B
$7.3B
Q2 25
$3.7B
$7.0B
Q1 25
$3.9B
$7.0B
Q4 24
$4.0B
$7.0B
Q3 24
$3.9B
$6.9B
Q2 24
$4.0B
$6.9B
Q1 24
$4.0B
$6.7B
Net Profit
SATS
SATS
USB
USB
Q4 25
$-1.2B
$2.0B
Q3 25
$-12.8B
$2.0B
Q2 25
$-306.1M
$1.8B
Q1 25
$-202.7M
$1.7B
Q4 24
$335.2M
$1.7B
Q3 24
$-141.8M
$1.7B
Q2 24
$-205.6M
$1.6B
Q1 24
$-107.4M
$1.3B
Operating Margin
SATS
SATS
USB
USB
Q4 25
-20.5%
34.4%
Q3 25
-460.5%
34.5%
Q2 25
-5.7%
32.7%
Q1 25
-2.3%
31.0%
Q4 24
-1.6%
30.1%
Q3 24
-4.1%
30.2%
Q2 24
-1.7%
29.9%
Q1 24
-0.4%
24.9%
Net Margin
SATS
SATS
USB
USB
Q4 25
-31.8%
27.8%
Q3 25
-353.6%
27.3%
Q2 25
-8.2%
25.9%
Q1 25
-5.2%
24.6%
Q4 24
8.5%
23.7%
Q3 24
-3.6%
25.0%
Q2 24
-5.2%
23.3%
Q1 24
-2.7%
19.6%
EPS (diluted)
SATS
SATS
USB
USB
Q4 25
$-4.27
$1.26
Q3 25
$-44.37
$1.22
Q2 25
$-1.06
$1.11
Q1 25
$-0.71
$1.03
Q4 24
$1.24
$1.01
Q3 24
$-0.52
$1.03
Q2 24
$-0.76
$0.97
Q1 24
$-0.40
$0.78

Balance Sheet & Financial Strength

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

Metric
SATS
SATS
USB
USB
Cash + ST InvestmentsLiquidity on hand
$3.0B
Total DebtLower is stronger
$18.7B
Stockholders' EquityBook value
$5.8B
$65.2B
Total Assets
$43.0B
$692.3B
Debt / EquityLower = less leverage
3.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SATS
SATS
USB
USB
Q4 25
$3.0B
Q3 25
$3.9B
Q2 25
$4.3B
Q1 25
$5.1B
Q4 24
$5.5B
Q3 24
$674.4M
Q2 24
$520.6M
Q1 24
$766.4M
Total Debt
SATS
SATS
USB
USB
Q4 25
$18.7B
Q3 25
$21.8B
Q2 25
$25.4B
Q1 25
$25.3B
Q4 24
$25.7B
Q3 24
Q2 24
Q1 24
$951.0M
Stockholders' Equity
SATS
SATS
USB
USB
Q4 25
$5.8B
$65.2B
Q3 25
$7.0B
$63.3B
Q2 25
$19.7B
$61.4B
Q1 25
$20.0B
$60.1B
Q4 24
$20.2B
$58.6B
Q3 24
$19.4B
$58.9B
Q2 24
$19.6B
$56.4B
Q1 24
$19.8B
$55.6B
Total Assets
SATS
SATS
USB
USB
Q4 25
$43.0B
$692.3B
Q3 25
$45.3B
$695.4B
Q2 25
$59.9B
$686.4B
Q1 25
$60.6B
$676.5B
Q4 24
$60.9B
$678.3B
Q3 24
$57.5B
$686.5B
Q2 24
$55.3B
$680.1B
Q1 24
$55.6B
$683.6B
Debt / Equity
SATS
SATS
USB
USB
Q4 25
3.24×
Q3 25
3.13×
Q2 25
1.29×
Q1 25
1.27×
Q4 24
1.27×
Q3 24
Q2 24
Q1 24
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
SATS
SATS
USB
USB
Operating Cash FlowLast quarter
$-425.3M
$2.8B
Free Cash FlowOCF − Capex
$-583.4M
FCF MarginFCF / Revenue
-15.4%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
1.39×
TTM Free Cash FlowTrailing 4 quarters
$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SATS
SATS
USB
USB
Q4 25
$-425.3M
$2.8B
Q3 25
$111.7M
$3.4B
Q2 25
$7.5M
$2.0B
Q1 25
$206.8M
$-285.0M
Q4 24
$45.6M
$4.8B
Q3 24
$276.2M
$972.0M
Q2 24
$479.7M
$2.9B
Q1 24
$451.3M
$2.7B
Free Cash Flow
SATS
SATS
USB
USB
Q4 25
$-583.4M
Q3 25
$-144.4M
Q2 25
$-285.7M
Q1 25
$-51.7M
Q4 24
$-298.7M
Q3 24
$-57.5M
Q2 24
$132.4M
Q1 24
$-68.4M
FCF Margin
SATS
SATS
USB
USB
Q4 25
-15.4%
Q3 25
-4.0%
Q2 25
-7.7%
Q1 25
-1.3%
Q4 24
-7.5%
Q3 24
-1.5%
Q2 24
3.3%
Q1 24
-1.7%
Capex Intensity
SATS
SATS
USB
USB
Q4 25
4.2%
Q3 25
7.1%
Q2 25
7.9%
Q1 25
6.7%
Q4 24
8.7%
Q3 24
8.6%
Q2 24
8.8%
Q1 24
12.9%
Cash Conversion
SATS
SATS
USB
USB
Q4 25
1.39×
Q3 25
1.69×
Q2 25
1.12×
Q1 25
-0.17×
Q4 24
0.14×
2.87×
Q3 24
0.57×
Q2 24
1.79×
Q1 24
2.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

USB
USB

Segment breakdown not available.

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