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EchoStar CORP（SATS）与Tractor Supply（TSCO）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Tractor Supply的1.1倍（$3.8B vs $3.6B），Tractor Supply净利率更高（4.6% vs -31.8%，领先36.4%），Tractor Supply同比增速更快（100.0% vs -4.3%），过去两年EchoStar CORP的营收复合增速更高（-2.8% vs -8.0%）
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。
Tractor Supply Company成立于1938年，是美国连锁零售企业，主营家居装修、农业、园艺养护、牲畜、马术及宠物护理相关设备与用品，客群覆盖农民、牧场主、宠物主及土地所有者。截至2024年共开设2250家门店，总部位于田纳西州布伦特伍德，为纳斯达克上市的财富500强企业。
SATS vs TSCO — 直观对比
营收规模更大
SATS
是对方的1.1倍
$3.6B
营收增速更快
TSCO
高出104.3%
-4.3%
净利率更高
TSCO
高出36.4%
-31.8%
两年增速更快
SATS
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $3.6B |
| 净利润 | $-1.2B | $164.5M |
| 毛利率 | — | 36.2% |
| 营业利润率 | -20.5% | 6.5% |
| 净利率 | -31.8% | 4.6% |
| 营收同比 | -4.3% | 100.0% |
| 净利润同比 | -460.1% | 4.6% |
| 每股收益（稀释后） | $-4.27 | $0.31 |
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SATSTSCO
| Q1 26 | — | $3.6B | ||
| Q4 25 | $3.8B | $3.9B | ||
| Q3 25 | $3.6B | $3.7B | ||
| Q2 25 | $3.7B | $4.4B | ||
| Q1 25 | $3.9B | $3.5B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $3.9B | $3.5B | ||
| Q2 24 | $4.0B | $4.2B |
净利润SATSTSCO
| Q1 26 | — | $164.5M | ||
| Q4 25 | $-1.2B | $227.4M | ||
| Q3 25 | $-12.8B | $259.3M | ||
| Q2 25 | $-306.1M | $430.0M | ||
| Q1 25 | $-202.7M | $179.4M | ||
| Q4 24 | $335.2M | $236.4M | ||
| Q3 24 | $-141.8M | $241.5M | ||
| Q2 24 | $-205.6M | $425.2M |
毛利率SATSTSCO
| Q1 26 | — | 36.2% | ||
| Q4 25 | — | 35.1% | ||
| Q3 25 | — | 37.4% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 36.2% | ||
| Q4 24 | — | 35.2% | ||
| Q3 24 | — | 37.2% | ||
| Q2 24 | — | 36.6% |
营业利润率SATSTSCO
| Q1 26 | — | 6.5% | ||
| Q4 25 | -20.5% | 7.6% | ||
| Q3 25 | -460.5% | 9.2% | ||
| Q2 25 | -5.7% | 13.0% | ||
| Q1 25 | -2.3% | 7.2% | ||
| Q4 24 | -1.6% | 8.4% | ||
| Q3 24 | -4.1% | 9.4% | ||
| Q2 24 | -1.7% | 13.2% |
净利率SATSTSCO
| Q1 26 | — | 4.6% | ||
| Q4 25 | -31.8% | 5.8% | ||
| Q3 25 | -353.6% | 7.0% | ||
| Q2 25 | -8.2% | 9.7% | ||
| Q1 25 | -5.2% | 5.2% | ||
| Q4 24 | 8.5% | 6.3% | ||
| Q3 24 | -3.6% | 7.0% | ||
| Q2 24 | -5.2% | 10.0% |
每股收益（稀释后）SATSTSCO
| Q1 26 | — | $0.31 | ||
| Q4 25 | $-4.27 | $0.42 | ||
| Q3 25 | $-44.37 | $0.49 | ||
| Q2 25 | $-1.06 | $0.81 | ||
| Q1 25 | $-0.71 | $0.34 | ||
| Q4 24 | $1.24 | $-5.96 | ||
| Q3 24 | $-0.52 | $2.24 | ||
| Q2 24 | $-0.76 | $3.93 |
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 | $224.3M |
| 总债务越低越好 | $18.7B | $2.1B |
| 股东权益账面价值 | $5.8B | $2.5B |
| 总资产 | $43.0B | $11.7B |
| 负债/权益比越低杠杆越低 | 3.24× | 0.85× |
8季度趋势，按日历期对齐
现金及短期投资SATSTSCO
| Q1 26 | — | $224.3M | ||
| Q4 25 | $3.0B | $194.1M | ||
| Q3 25 | $3.9B | $184.6M | ||
| Q2 25 | $4.3B | $225.8M | ||
| Q1 25 | $5.1B | $231.7M | ||
| Q4 24 | $5.5B | $251.5M | ||
| Q3 24 | $674.4M | $186.3M | ||
| Q2 24 | $520.6M | $394.7M |
总债务SATSTSCO
| Q1 26 | — | $2.1B | ||
| Q4 25 | $18.7B | $150.0M | ||
| Q3 25 | $21.8B | — | ||
| Q2 25 | $25.4B | — | ||
| Q1 25 | $25.3B | — | ||
| Q4 24 | $25.7B | $150.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SATSTSCO
| Q1 26 | — | $2.5B | ||
| Q4 25 | $5.8B | $2.6B | ||
| Q3 25 | $7.0B | $2.6B | ||
| Q2 25 | $19.7B | $2.5B | ||
| Q1 25 | $20.0B | $2.2B | ||
| Q4 24 | $20.2B | $2.3B | ||
| Q3 24 | $19.4B | $2.3B | ||
| Q2 24 | $19.6B | $2.3B |
总资产SATSTSCO
| Q1 26 | — | $11.7B | ||
| Q4 25 | $43.0B | $10.9B | ||
| Q3 25 | $45.3B | $10.9B | ||
| Q2 25 | $59.9B | $10.6B | ||
| Q1 25 | $60.6B | $10.4B | ||
| Q4 24 | $60.9B | $9.8B | ||
| Q3 24 | $57.5B | $9.8B | ||
| Q2 24 | $55.3B | $9.8B |
负债/权益比SATSTSCO
| Q1 26 | — | 0.85× | ||
| Q4 25 | 3.24× | 0.06× | ||
| Q3 25 | 3.13× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | 1.27× | 0.07× | ||
| Q3 24 | — | — | ||
| Q2 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 | $91.1M |
| 自由现金流经营现金流 - 资本支出 | $-583.4M | — |
| 自由现金流率自由现金流/营收 | -15.4% | — |
| 资本支出强度资本支出/营收 | 4.2% | 5.6% |
| 现金转化率经营现金流/净利润 | — | 0.55× |
| 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SATSTSCO
| Q1 26 | — | $91.1M | ||
| Q4 25 | $-425.3M | $324.8M | ||
| Q3 25 | $111.7M | $307.9M | ||
| Q2 25 | $7.5M | $785.8M | ||
| Q1 25 | $206.8M | $216.8M | ||
| Q4 24 | $45.6M | $517.2M | ||
| Q3 24 | $276.2M | $86.3M | ||
| Q2 24 | $479.7M | $559.9M |
自由现金流SATSTSCO
| Q1 26 | — | — | ||
| Q4 25 | $-583.4M | $59.3M | ||
| Q3 25 | $-144.4M | $30.3M | ||
| Q2 25 | $-285.7M | $575.4M | ||
| Q1 25 | $-51.7M | $75.5M | ||
| Q4 24 | $-298.7M | $271.2M | ||
| Q3 24 | $-57.5M | $-101.9M | ||
| Q2 24 | $132.4M | $367.3M |
自由现金流率SATSTSCO
| Q1 26 | — | — | ||
| Q4 25 | -15.4% | 1.5% | ||
| Q3 25 | -4.0% | 0.8% | ||
| Q2 25 | -7.7% | 13.0% | ||
| Q1 25 | -1.3% | 2.2% | ||
| Q4 24 | -7.5% | 7.2% | ||
| Q3 24 | -1.5% | -2.9% | ||
| Q2 24 | 3.3% | 8.6% |
资本支出强度SATSTSCO
| Q1 26 | — | 5.6% | ||
| Q4 25 | 4.2% | 6.8% | ||
| Q3 25 | 7.1% | 7.5% | ||
| Q2 25 | 7.9% | 4.7% | ||
| Q1 25 | 6.7% | 4.1% | ||
| Q4 24 | 8.7% | 6.5% | ||
| Q3 24 | 8.6% | 5.4% | ||
| Q2 24 | 8.8% | 4.5% |
现金转化率SATSTSCO
| Q1 26 | — | 0.55× | ||
| Q4 25 | — | 1.43× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | 0.14× | 2.19× | ||
| Q3 24 | — | 0.36× | ||
| Q2 24 | — | 1.32× |
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% |
TSCO
暂无分部数据
