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EchoStar CORP（SATS）与希捷科技（STX）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是希捷科技的1.2倍（$3.8B vs $3.1B），希捷科技净利率更高（24.0% vs -31.8%，领先55.8%），希捷科技同比增速更快（44.1% vs -4.3%），希捷科技自由现金流更多（$953.0M vs $-583.4M），过去两年希捷科技的营收复合增速更高（28.4% 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。
希捷科技是全球知名的美国数据存储企业，1978年注册成立时名为舒加特科技，1979年正式开展业务，2010年起注册地变更为爱尔兰都柏林，运营总部设在美国加利福尼亚州弗里蒙特，面向全球市场提供专业的数据存储产品与解决方案。
SATS vs STX — 直观对比
营收规模更大
SATS
是对方的1.2倍
$3.1B
营收增速更快
STX
高出48.4%
-4.3%
净利率更高
STX
高出55.8%
-31.8%
自由现金流更多
STX
多$1.5B
$-583.4M
两年增速更快
STX
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $3.1B |
| 净利润 | $-1.2B | $748.0M |
| 毛利率 | — | 46.5% |
| 营业利润率 | -20.5% | 32.1% |
| 净利率 | -31.8% | 24.0% |
| 营收同比 | -4.3% | 44.1% |
| 净利润同比 | -460.1% | -23.8% |
| 每股收益（稀释后） | $-4.27 | $3.27 |
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SATSSTX
| Q3 26 | — | $3.1B | ||
| Q1 26 | — | $2.8B | ||
| Q4 25 | $3.8B | $2.6B | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.7B | $2.4B | ||
| Q1 25 | $3.9B | $2.2B | ||
| Q4 24 | $4.0B | $2.3B | ||
| Q3 24 | $3.9B | $2.2B |
净利润SATSSTX
| Q3 26 | — | $748.0M | ||
| Q1 26 | — | $593.0M | ||
| Q4 25 | $-1.2B | $549.0M | ||
| Q3 25 | $-12.8B | — | ||
| Q2 25 | $-306.1M | $488.0M | ||
| Q1 25 | $-202.7M | $340.0M | ||
| Q4 24 | $335.2M | $336.0M | ||
| Q3 24 | $-141.8M | $305.0M |
毛利率SATSSTX
| Q3 26 | — | 46.5% | ||
| Q1 26 | — | 41.6% | ||
| Q4 25 | — | 39.4% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 37.4% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 34.9% | ||
| Q3 24 | — | 32.9% |
营业利润率SATSSTX
| Q3 26 | — | 32.1% | ||
| Q1 26 | — | 29.8% | ||
| Q4 25 | -20.5% | 26.4% | ||
| Q3 25 | -460.5% | — | ||
| Q2 25 | -5.7% | 23.2% | ||
| Q1 25 | -2.3% | 20.0% | ||
| Q4 24 | -1.6% | 21.0% | ||
| Q3 24 | -4.1% | 18.6% |
净利率SATSSTX
| Q3 26 | — | 24.0% | ||
| Q1 26 | — | 21.0% | ||
| Q4 25 | -31.8% | 20.9% | ||
| Q3 25 | -353.6% | — | ||
| Q2 25 | -8.2% | 20.0% | ||
| Q1 25 | -5.2% | 15.7% | ||
| Q4 24 | 8.5% | 14.5% | ||
| Q3 24 | -3.6% | 14.1% |
每股收益（稀释后）SATSSTX
| Q3 26 | — | $3.27 | ||
| Q1 26 | — | $2.60 | ||
| Q4 25 | $-4.27 | $2.43 | ||
| Q3 25 | $-44.37 | — | ||
| Q2 25 | $-1.06 | $2.24 | ||
| Q1 25 | $-0.71 | $1.57 | ||
| Q4 24 | $1.24 | $1.55 | ||
| Q3 24 | $-0.52 | $1.41 |
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 | $1.1B |
| 总债务越低越好 | $18.7B | $3.9B |
| 股东权益账面价值 | $5.8B | — |
| 总资产 | $43.0B | $8.9B |
| 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SATSSTX
| Q3 26 | — | $1.1B | ||
| Q1 26 | — | $1.0B | ||
| Q4 25 | $3.0B | $1.1B | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $4.3B | $891.0M | ||
| Q1 25 | $5.1B | $814.0M | ||
| Q4 24 | $5.5B | $1.2B | ||
| Q3 24 | $674.4M | $1.2B |
总债务SATSSTX
| Q3 26 | — | $3.9B | ||
| Q1 26 | — | — | ||
| Q4 25 | $18.7B | — | ||
| Q3 25 | $21.8B | — | ||
| Q2 25 | $25.4B | — | ||
| Q1 25 | $25.3B | — | ||
| Q4 24 | $25.7B | — | ||
| Q3 24 | — | — |
股东权益SATSSTX
| Q3 26 | — | — | ||
| Q1 26 | — | $459.0M | ||
| Q4 25 | $5.8B | $-63.0M | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $19.7B | $-453.0M | ||
| Q1 25 | $20.0B | $-829.0M | ||
| Q4 24 | $20.2B | $-1.1B | ||
| Q3 24 | $19.4B | $-1.3B |
总资产SATSSTX
| Q3 26 | — | $8.9B | ||
| Q1 26 | — | $8.7B | ||
| Q4 25 | $43.0B | $8.4B | ||
| Q3 25 | $45.3B | — | ||
| Q2 25 | $59.9B | $8.0B | ||
| Q1 25 | $60.6B | $7.6B | ||
| Q4 24 | $60.9B | $8.0B | ||
| Q3 24 | $57.5B | $8.0B |
负债/权益比SATSSTX
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 3.24× | — | ||
| Q3 25 | 3.13× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | — | — |
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 | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $-583.4M | $953.0M |
| 自由现金流率自由现金流/营收 | -15.4% | 30.6% |
| 资本支出强度资本支出/营收 | 4.2% | — |
| 现金转化率经营现金流/净利润 | — | 3.17× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | — |
8季度趋势，按日历期对齐
经营现金流SATSSTX
| Q3 26 | — | $2.4B | ||
| Q1 26 | — | — | ||
| Q4 25 | $-425.3M | $532.0M | ||
| Q3 25 | $111.7M | — | ||
| Q2 25 | $7.5M | $508.0M | ||
| Q1 25 | $206.8M | $259.0M | ||
| Q4 24 | $45.6M | $221.0M | ||
| Q3 24 | $276.2M | $95.0M |
自由现金流SATSSTX
| Q3 26 | — | $953.0M | ||
| Q1 26 | — | — | ||
| Q4 25 | $-583.4M | $427.0M | ||
| Q3 25 | $-144.4M | — | ||
| Q2 25 | $-285.7M | $425.0M | ||
| Q1 25 | $-51.7M | $216.0M | ||
| Q4 24 | $-298.7M | $150.0M | ||
| Q3 24 | $-57.5M | $27.0M |
自由现金流率SATSSTX
| Q3 26 | — | 30.6% | ||
| Q1 26 | — | — | ||
| Q4 25 | -15.4% | 16.2% | ||
| Q3 25 | -4.0% | — | ||
| Q2 25 | -7.7% | 17.4% | ||
| Q1 25 | -1.3% | 10.0% | ||
| Q4 24 | -7.5% | 6.5% | ||
| Q3 24 | -1.5% | 1.2% |
资本支出强度SATSSTX
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 4.0% | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 7.9% | 3.4% | ||
| Q1 25 | 6.7% | 2.0% | ||
| Q4 24 | 8.7% | 3.1% | ||
| Q3 24 | 8.6% | 3.1% |
现金转化率SATSSTX
| Q3 26 | — | 3.17× | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | 0.14× | 0.66× | ||
| Q3 24 | — | 0.31× |
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% |
STX
暂无分部数据
