vs
EchoStar CORP（SATS）与Spire Global, Inc.（SPIR）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Spire Global, Inc.的239.9倍（$3.8B vs $15.8M）。EchoStar CORP净利率更高（-31.8% vs -176.6%，领先144.8%）。EchoStar CORP同比增速更快（-4.3% vs -26.9%）。Spire Global, Inc.自由现金流更多（$-16.2M vs $-583.4M）。过去两年EchoStar CORP的营收复合增速更高（-2.8% vs -32.6%）
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。
Spire Global, Inc.是一家天基云数据与分析服务企业，核心业务依托由大量纳米卫星组成的卫星星座，提供覆盖全球的多领域数据集追踪服务，具体包含船舶航运追踪、航空航行监控以及气象模式观测等相关业务，服务覆盖全球范围。
SATS vs SPIR — 直观对比
营收规模更大
SATS
是对方的239.9倍
$15.8M
营收增速更快
SATS
高出22.6%
-26.9%
净利率更高
SATS
高出144.8%
-176.6%
自由现金流更多
SPIR
多$567.3M
$-583.4M
两年增速更快
SATS
近两年复合增速
-32.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $15.8M |
| 净利润 | $-1.2B | $-28.0M |
| 毛利率 | — | 40.2% |
| 营业利润率 | -20.5% | -164.1% |
| 净利率 | -31.8% | -176.6% |
| 营收同比 | -4.3% | -26.9% |
| 净利润同比 | -460.1% | 42.7% |
| 每股收益（稀释后） | $-4.27 | $-0.85 |
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
营收SATSSPIR
| Q4 25 | $3.8B | $15.8M | ||
| Q3 25 | $3.6B | $12.7M | ||
| Q2 25 | $3.7B | $19.2M | ||
| Q1 25 | $3.9B | $23.9M | ||
| Q4 24 | $4.0B | $21.7M | ||
| Q3 24 | $3.9B | $28.6M | ||
| Q2 24 | $4.0B | $25.4M | ||
| Q1 24 | $4.0B | $34.8M |
净利润SATSSPIR
| Q4 25 | $-1.2B | $-28.0M | ||
| Q3 25 | $-12.8B | $-19.7M | ||
| Q2 25 | $-306.1M | $119.6M | ||
| Q1 25 | $-202.7M | $-20.7M | ||
| Q4 24 | $335.2M | $-48.8M | ||
| Q3 24 | $-141.8M | $-12.5M | ||
| Q2 24 | $-205.6M | $-16.6M | ||
| Q1 24 | $-107.4M | $-25.5M |
毛利率SATSSPIR
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
营业利润率SATSSPIR
| Q4 25 | -20.5% | -164.1% | ||
| Q3 25 | -460.5% | -166.1% | ||
| Q2 25 | -5.7% | -122.7% | ||
| Q1 25 | -2.3% | -106.5% | ||
| Q4 24 | -1.6% | -144.1% | ||
| Q3 24 | -4.1% | -48.0% | ||
| Q2 24 | -1.7% | -48.6% | ||
| Q1 24 | -0.4% | -34.4% |
净利率SATSSPIR
| Q4 25 | -31.8% | -176.6% | ||
| Q3 25 | -353.6% | -155.3% | ||
| Q2 25 | -8.2% | 623.4% | ||
| Q1 25 | -5.2% | -86.5% | ||
| Q4 24 | 8.5% | -225.2% | ||
| Q3 24 | -3.6% | -43.7% | ||
| Q2 24 | -5.2% | -65.2% | ||
| Q1 24 | -2.7% | -73.3% |
每股收益（稀释后）SATSSPIR
| Q4 25 | $-4.27 | $-0.85 | ||
| Q3 25 | $-44.37 | $-0.61 | ||
| Q2 25 | $-1.06 | $3.72 | ||
| Q1 25 | $-0.71 | $-0.77 | ||
| Q4 24 | $1.24 | $-1.93 | ||
| Q3 24 | $-0.52 | $-0.50 | ||
| Q2 24 | $-0.76 | $-0.68 | ||
| Q1 24 | $-0.40 | $-1.17 |
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 | $81.8M |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $5.8B | $112.9M |
| 总资产 | $43.0B | $211.0M |
| 负债/权益比越低杠杆越低 | 3.24× | — |
8季度趋势，按日历期对齐
现金及短期投资SATSSPIR
| Q4 25 | $3.0B | $81.8M | ||
| Q3 25 | $3.9B | $96.8M | ||
| Q2 25 | $4.3B | $117.6M | ||
| Q1 25 | $5.1B | $35.9M | ||
| Q4 24 | $5.5B | $19.2M | ||
| Q3 24 | $674.4M | $36.6M | ||
| Q2 24 | $520.6M | $45.8M | ||
| Q1 24 | $766.4M | $63.7M |
总债务SATSSPIR
| Q4 25 | $18.7B | — | ||
| Q3 25 | $21.8B | — | ||
| Q2 25 | $25.4B | — | ||
| Q1 25 | $25.3B | $103.7M | ||
| Q4 24 | $25.7B | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | $951.0M | $123.1M |
股东权益SATSSPIR
| Q4 25 | $5.8B | $112.9M | ||
| Q3 25 | $7.0B | $133.1M | ||
| Q2 25 | $19.7B | $149.2M | ||
| Q1 25 | $20.0B | $3.7M | ||
| Q4 24 | $20.2B | $-11.7M | ||
| Q3 24 | $19.4B | $30.8M | ||
| Q2 24 | $19.6B | $40.3M | ||
| Q1 24 | $19.8B | $52.5M |
总资产SATSSPIR
| Q4 25 | $43.0B | $211.0M | ||
| Q3 25 | $45.3B | $224.3M | ||
| Q2 25 | $59.9B | $239.5M | ||
| Q1 25 | $60.6B | $208.8M | ||
| Q4 24 | $60.9B | $193.6M | ||
| Q3 24 | $57.5B | $224.2M | ||
| Q2 24 | $55.3B | $230.8M | ||
| Q1 24 | $55.6B | $252.3M |
负债/权益比SATSSPIR
| Q4 25 | 3.24× | — | ||
| Q3 25 | 3.13× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 1.27× | 27.92× | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | 0.05× | 2.35× |
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 | $-4.3M |
| 自由现金流经营现金流 - 资本支出 | $-583.4M | $-16.2M |
| 自由现金流率自由现金流/营收 | -15.4% | -102.1% |
| 资本支出强度资本支出/营收 | 4.2% | 75.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $-92.6M |
8季度趋势，按日历期对齐
经营现金流SATSSPIR
| Q4 25 | $-425.3M | $-4.3M | ||
| Q3 25 | $111.7M | $-12.0M | ||
| Q2 25 | $7.5M | $-35.1M | ||
| Q1 25 | $206.8M | $-8.4M | ||
| Q4 24 | $45.6M | $-19.2M | ||
| Q3 24 | $276.2M | $14.0M | ||
| Q2 24 | $479.7M | $-4.4M | ||
| Q1 24 | $451.3M | $-8.8M |
自由现金流SATSSPIR
| Q4 25 | $-583.4M | $-16.2M | ||
| Q3 25 | $-144.4M | $-20.4M | ||
| Q2 25 | $-285.7M | $-38.7M | ||
| Q1 25 | $-51.7M | $-17.3M | ||
| Q4 24 | $-298.7M | $-24.3M | ||
| Q3 24 | $-57.5M | $5.1M | ||
| Q2 24 | $132.4M | $-9.9M | ||
| Q1 24 | $-68.4M | $-15.9M |
自由现金流率SATSSPIR
| Q4 25 | -15.4% | -102.1% | ||
| Q3 25 | -4.0% | -161.3% | ||
| Q2 25 | -7.7% | -201.7% | ||
| Q1 25 | -1.3% | -72.6% | ||
| Q4 24 | -7.5% | -112.2% | ||
| Q3 24 | -1.5% | 17.8% | ||
| Q2 24 | 3.3% | -39.0% | ||
| Q1 24 | -1.7% | -45.7% |
资本支出强度SATSSPIR
| Q4 25 | 4.2% | 75.1% | ||
| Q3 25 | 7.1% | 66.2% | ||
| Q2 25 | 7.9% | 18.8% | ||
| Q1 25 | 6.7% | 37.3% | ||
| Q4 24 | 8.7% | 23.5% | ||
| Q3 24 | 8.6% | 31.2% | ||
| Q2 24 | 8.8% | 21.8% | ||
| Q1 24 | 12.9% | 20.3% |
现金转化率SATSSPIR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
SPIR
暂无分部数据
