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EchoStar CORP（SATS）与Sprouts Farmers Market, Inc.（SFM）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是Sprouts Farmers Market, Inc.的1.8倍（$3.8B vs $2.1B），Sprouts Farmers Market, Inc.净利率更高（4.2% vs -31.8%，领先36.0%），Sprouts Farmers Market, Inc.同比增速更快（7.6% vs -4.3%），Sprouts Farmers Market, Inc.自由现金流更多（$66.3M vs $-583.4M），过去两年Sprouts Farmers Market, Inc.的营收复合增速更高（6.8% vs -2.8%）
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
Sprouts Farmers Market是总部位于美国亚利桑那州凤凰城的连锁超市品牌，主营天然有机食品，涵盖新鲜果蔬、散装食品、包装杂货、肉禽海鲜、熟食烘焙、乳制品、冷冻食品等品类，同时售有维生素补剂、天然个护及家居用品，目前在全美24个州开设超400家门店，员工约3.5万名。
SATS vs SFM — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.1B |
| 净利润 | $-1.2B | $89.8M |
| 毛利率 | — | 38.0% |
| 营业利润率 | -20.5% | 5.7% |
| 净利率 | -31.8% | 4.2% |
| 营收同比 | -4.3% | 7.6% |
| 净利润同比 | -460.1% | 12.8% |
| 每股收益（稀释后） | $-4.27 | $0.93 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $3.8B | $2.1B | ||
| Q3 25 | $3.6B | $2.2B | ||
| Q2 25 | $3.7B | $2.2B | ||
| Q1 25 | $3.9B | $2.2B | ||
| Q4 24 | $4.0B | $2.0B | ||
| Q3 24 | $3.9B | $1.9B | ||
| Q2 24 | $4.0B | $1.9B | ||
| Q1 24 | $4.0B | $1.9B |
| Q4 25 | $-1.2B | $89.8M | ||
| Q3 25 | $-12.8B | $120.1M | ||
| Q2 25 | $-306.1M | $133.7M | ||
| Q1 25 | $-202.7M | $180.0M | ||
| Q4 24 | $335.2M | $79.6M | ||
| Q3 24 | $-141.8M | $91.6M | ||
| Q2 24 | $-205.6M | $95.3M | ||
| Q1 24 | $-107.4M | $114.1M |
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 38.7% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 39.6% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | — | 38.1% | ||
| Q2 24 | — | 37.9% | ||
| Q1 24 | — | 38.3% |
| Q4 25 | -20.5% | 5.7% | ||
| Q3 25 | -460.5% | 7.2% | ||
| Q2 25 | -5.7% | 8.1% | ||
| Q1 25 | -2.3% | 10.1% | ||
| Q4 24 | -1.6% | 5.3% | ||
| Q3 24 | -4.1% | 6.3% | ||
| Q2 24 | -1.7% | 6.7% | ||
| Q1 24 | -0.4% | 7.9% |
| Q4 25 | -31.8% | 4.2% | ||
| Q3 25 | -353.6% | 5.5% | ||
| Q2 25 | -8.2% | 6.0% | ||
| Q1 25 | -5.2% | 8.0% | ||
| Q4 24 | 8.5% | 4.0% | ||
| Q3 24 | -3.6% | 4.7% | ||
| Q2 24 | -5.2% | 5.0% | ||
| Q1 24 | -2.7% | 6.1% |
| Q4 25 | $-4.27 | $0.93 | ||
| Q3 25 | $-44.37 | $1.22 | ||
| Q2 25 | $-1.06 | $1.35 | ||
| Q1 25 | $-0.71 | $1.81 | ||
| Q4 24 | $1.24 | $0.78 | ||
| Q3 24 | $-0.52 | $0.91 | ||
| Q2 24 | $-0.76 | $0.94 | ||
| Q1 24 | $-0.40 | $1.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.0B | $257.3M |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $5.8B | $1.4B |
| 总资产 | $43.0B | $4.2B |
| 负债/权益比越低杠杆越低 | 3.24× | — |
8季度趋势，按日历期对齐
| Q4 25 | $3.0B | $257.3M | ||
| Q3 25 | $3.9B | $322.4M | ||
| Q2 25 | $4.3B | $261.4M | ||
| Q1 25 | $5.1B | $285.7M | ||
| Q4 24 | $5.5B | $265.2M | ||
| Q3 24 | $674.4M | $309.7M | ||
| Q2 24 | $520.6M | $177.3M | ||
| Q1 24 | $766.4M | $312.3M |
| 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 | — |
| Q4 25 | $5.8B | $1.4B | ||
| Q3 25 | $7.0B | $1.4B | ||
| Q2 25 | $19.7B | $1.4B | ||
| Q1 25 | $20.0B | $1.3B | ||
| Q4 24 | $20.2B | $1.3B | ||
| Q3 24 | $19.4B | $1.3B | ||
| Q2 24 | $19.6B | $1.3B | ||
| Q1 24 | $19.8B | $1.2B |
| Q4 25 | $43.0B | $4.2B | ||
| Q3 25 | $45.3B | $4.0B | ||
| Q2 25 | $59.9B | $3.8B | ||
| Q1 25 | $60.6B | $3.7B | ||
| Q4 24 | $60.9B | $3.6B | ||
| Q3 24 | $57.5B | $3.6B | ||
| Q2 24 | $55.3B | $3.4B | ||
| Q1 24 | $55.6B | $3.5B |
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-425.3M | $138.5M |
| 自由现金流经营现金流 - 资本支出 | $-583.4M | $66.3M |
| 自由现金流率自由现金流/营收 | -15.4% | 3.1% |
| 资本支出强度资本支出/营收 | 4.2% | 3.4% |
| 现金转化率经营现金流/净利润 | — | 1.54× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $467.7M |
8季度趋势，按日历期对齐
| Q4 25 | $-425.3M | $138.5M | ||
| Q3 25 | $111.7M | $167.1M | ||
| Q2 25 | $7.5M | $111.2M | ||
| Q1 25 | $206.8M | $299.1M | ||
| Q4 24 | $45.6M | $124.9M | ||
| Q3 24 | $276.2M | $209.1M | ||
| Q2 24 | $479.7M | $91.6M | ||
| Q1 24 | $451.3M | $219.7M |
| Q4 25 | $-583.4M | $66.3M | ||
| Q3 25 | $-144.4M | $111.4M | ||
| Q2 25 | $-285.7M | $50.4M | ||
| Q1 25 | $-51.7M | $239.6M | ||
| Q4 24 | $-298.7M | $56.2M | ||
| Q3 24 | $-57.5M | $156.3M | ||
| Q2 24 | $132.4M | $33.9M | ||
| Q1 24 | $-68.4M | $168.5M |
| Q4 25 | -15.4% | 3.1% | ||
| Q3 25 | -4.0% | 5.1% | ||
| Q2 25 | -7.7% | 2.3% | ||
| Q1 25 | -1.3% | 10.7% | ||
| Q4 24 | -7.5% | 2.8% | ||
| Q3 24 | -1.5% | 8.0% | ||
| Q2 24 | 3.3% | 1.8% | ||
| Q1 24 | -1.7% | 8.9% |
| Q4 25 | 4.2% | 3.4% | ||
| Q3 25 | 7.1% | 2.5% | ||
| Q2 25 | 7.9% | 2.7% | ||
| Q1 25 | 6.7% | 2.7% | ||
| Q4 24 | 8.7% | 3.4% | ||
| Q3 24 | 8.6% | 2.7% | ||
| Q2 24 | 8.8% | 3.0% | ||
| Q1 24 | 12.9% | 2.7% |
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 1.66× | ||
| Q4 24 | 0.14× | 1.57× | ||
| Q3 24 | — | 2.28× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 1.93× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
SFM
| Perishables | $1.2B | 56% |
| Non Perishables | $935.4M | 44% |
