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EchoStar CORP（SATS）与W. R. Berkley Corporation（WRB）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W. R. Berkley Corporation的1.0倍（$3.8B vs $3.7B），W. R. Berkley Corporation净利率更高（14.0% vs -31.8%，领先45.8%），W. R. Berkley Corporation同比增速更快（4.0% vs -4.3%），过去两年W. R. Berkley Corporation的营收复合增速更高（5.5% 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。
W. R. Berkley Corporation由威廉·罗伯特·伯克利创立，他目前担任该公司董事长，同时兼任纽约大学校董会主席，在企业经营管理及高等教育治理领域均具备深厚的经验积累。
SATS vs WRB — 直观对比
营收规模更大
SATS
是对方的1.0倍
$3.7B
营收增速更快
WRB
高出8.3%
-4.3%
净利率更高
WRB
高出45.8%
-31.8%
两年增速更快
WRB
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $3.7B |
| 净利润 | $-1.2B | $515.2M |
| 毛利率 | — | — |
| 营业利润率 | -20.5% | — |
| 净利率 | -31.8% | 14.0% |
| 营收同比 | -4.3% | 4.0% |
| 净利润同比 | -460.1% | 23.4% |
| 每股收益（稀释后） | $-4.27 | $1.31 |
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SATSWRB
| Q1 26 | — | $3.7B | ||
| Q4 25 | $3.8B | $3.7B | ||
| Q3 25 | $3.6B | $3.8B | ||
| Q2 25 | $3.7B | $3.7B | ||
| Q1 25 | $3.9B | $3.5B | ||
| Q4 24 | $4.0B | $3.7B | ||
| Q3 24 | $3.9B | $3.4B | ||
| Q2 24 | $4.0B | $3.3B |
净利润SATSWRB
| Q1 26 | — | $515.2M | ||
| Q4 25 | $-1.2B | $449.5M | ||
| Q3 25 | $-12.8B | $511.0M | ||
| Q2 25 | $-306.1M | $401.3M | ||
| Q1 25 | $-202.7M | $417.6M | ||
| Q4 24 | $335.2M | $576.1M | ||
| Q3 24 | $-141.8M | $365.6M | ||
| Q2 24 | $-205.6M | $371.9M |
营业利润率SATSWRB
| Q1 26 | — | — | ||
| Q4 25 | -20.5% | 15.4% | ||
| Q3 25 | -460.5% | 17.2% | ||
| Q2 25 | -5.7% | 14.2% | ||
| Q1 25 | -2.3% | 15.2% | ||
| Q4 24 | -1.6% | 19.9% | ||
| Q3 24 | -4.1% | 14.0% | ||
| Q2 24 | -1.7% | 14.7% |
净利率SATSWRB
| Q1 26 | — | 14.0% | ||
| Q4 25 | -31.8% | 12.1% | ||
| Q3 25 | -353.6% | 13.6% | ||
| Q2 25 | -8.2% | 10.9% | ||
| Q1 25 | -5.2% | 11.8% | ||
| Q4 24 | 8.5% | 15.7% | ||
| Q3 24 | -3.6% | 10.8% | ||
| Q2 24 | -5.2% | 11.2% |
每股收益（稀释后）SATSWRB
| Q1 26 | — | $1.31 | ||
| Q4 25 | $-4.27 | $1.13 | ||
| Q3 25 | $-44.37 | $1.28 | ||
| Q2 25 | $-1.06 | $1.00 | ||
| Q1 25 | $-0.71 | $1.04 | ||
| Q4 24 | $1.24 | $0.89 | ||
| Q3 24 | $-0.52 | $0.91 | ||
| Q2 24 | $-0.76 | $0.92 |
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 | $2.1B |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $5.8B | — |
| 总资产 | $43.0B | $44.3B |
| 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SATSWRB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.0B | $2.5B | ||
| Q3 25 | $3.9B | $2.4B | ||
| Q2 25 | $4.3B | $2.0B | ||
| Q1 25 | $5.1B | $1.7B | ||
| Q4 24 | $5.5B | $2.0B | ||
| Q3 24 | $674.4M | $1.6B | ||
| Q2 24 | $520.6M | $1.6B |
总债务SATSWRB
| Q1 26 | — | — | ||
| Q4 25 | $18.7B | — | ||
| Q3 25 | $21.8B | — | ||
| Q2 25 | $25.4B | — | ||
| Q1 25 | $25.3B | — | ||
| Q4 24 | $25.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SATSWRB
| Q1 26 | — | — | ||
| Q4 25 | $5.8B | $9.7B | ||
| Q3 25 | $7.0B | $9.8B | ||
| Q2 25 | $19.7B | $9.3B | ||
| Q1 25 | $20.0B | $8.9B | ||
| Q4 24 | $20.2B | $8.4B | ||
| Q3 24 | $19.4B | $8.4B | ||
| Q2 24 | $19.6B | $7.8B |
总资产SATSWRB
| Q1 26 | — | $44.3B | ||
| Q4 25 | $43.0B | $44.1B | ||
| Q3 25 | $45.3B | $43.7B | ||
| Q2 25 | $59.9B | $42.7B | ||
| Q1 25 | $60.6B | $41.3B | ||
| Q4 24 | $60.9B | $40.6B | ||
| Q3 24 | $57.5B | $40.4B | ||
| Q2 24 | $55.3B | $38.9B |
负债/权益比SATSWRB
| Q1 26 | — | — | ||
| Q4 25 | 3.24× | — | ||
| Q3 25 | 3.13× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | 1.27× | — | ||
| 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 | — |
| 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% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流SATSWRB
| Q1 26 | — | — | ||
| Q4 25 | $-425.3M | $995.1M | ||
| Q3 25 | $111.7M | $1.1B | ||
| Q2 25 | $7.5M | $703.8M | ||
| Q1 25 | $206.8M | $743.8M | ||
| Q4 24 | $45.6M | $810.0M | ||
| Q3 24 | $276.2M | $1.2B | ||
| Q2 24 | $479.7M | $881.3M |
自由现金流SATSWRB
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率SATSWRB
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度SATSWRB
| Q1 26 | — | — | ||
| 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% | — |
现金转化率SATSWRB
| Q1 26 | — | — | ||
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 2.23× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.78× | ||
| Q4 24 | 0.14× | 1.41× | ||
| Q3 24 | — | 3.39× | ||
| Q2 24 | — | 2.37× |
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% |
WRB
暂无分部数据
