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EchoStar CORP（SATS）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是捷迈邦美的1.8倍（$3.8B vs $2.1B），捷迈邦美净利率更高（11.4% vs -31.8%，领先43.2%），捷迈邦美同比增速更快（9.3% vs -4.3%），捷迈邦美自由现金流更多（$245.9M vs $-583.4M），过去两年捷迈邦美的营收复合增速更高（3.7% 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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
SATS vs ZBH — 直观对比
营收规模更大
SATS
是对方的1.8倍
$2.1B
营收增速更快
ZBH
高出13.6%
-4.3%
净利率更高
ZBH
高出43.2%
-31.8%
自由现金流更多
ZBH
多$829.3M
$-583.4M
两年增速更快
ZBH
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.1B |
| 净利润 | $-1.2B | $238.3M |
| 毛利率 | — | 64.6% |
| 营业利润率 | -20.5% | 17.9% |
| 净利率 | -31.8% | 11.4% |
| 营收同比 | -4.3% | 9.3% |
| 净利润同比 | -460.1% | 30.5% |
| 每股收益（稀释后） | $-4.27 | $1.22 |
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SATSZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.8B | $2.2B | ||
| Q3 25 | $3.6B | $2.0B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $3.9B | $1.9B | ||
| Q4 24 | $4.0B | $2.0B | ||
| Q3 24 | $3.9B | $1.8B | ||
| Q2 24 | $4.0B | $1.9B |
净利润SATSZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $-1.2B | $139.4M | ||
| Q3 25 | $-12.8B | $230.9M | ||
| Q2 25 | $-306.1M | $152.8M | ||
| Q1 25 | $-202.7M | $182.0M | ||
| Q4 24 | $335.2M | $239.5M | ||
| Q3 24 | $-141.8M | $249.1M | ||
| Q2 24 | $-205.6M | $242.8M |
毛利率SATSZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | — | 64.7% | ||
| Q3 25 | — | 72.1% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 71.2% | ||
| Q4 24 | — | 71.0% | ||
| Q3 24 | — | 70.5% | ||
| Q2 24 | — | 71.5% |
营业利润率SATSZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | -20.5% | 6.9% | ||
| Q3 25 | -460.5% | 17.6% | ||
| Q2 25 | -5.7% | 14.4% | ||
| Q1 25 | -2.3% | 15.3% | ||
| Q4 24 | -1.6% | 19.2% | ||
| Q3 24 | -4.1% | 15.3% | ||
| Q2 24 | -1.7% | 18.1% |
净利率SATSZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | -31.8% | 6.2% | ||
| Q3 25 | -353.6% | 11.5% | ||
| Q2 25 | -8.2% | 7.4% | ||
| Q1 25 | -5.2% | 9.5% | ||
| Q4 24 | 8.5% | 11.8% | ||
| Q3 24 | -3.6% | 13.7% | ||
| Q2 24 | -5.2% | 12.5% |
每股收益（稀释后）SATSZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $-4.27 | $0.71 | ||
| Q3 25 | $-44.37 | $1.16 | ||
| Q2 25 | $-1.06 | $0.77 | ||
| Q1 25 | $-0.71 | $0.91 | ||
| Q4 24 | $1.24 | $1.18 | ||
| Q3 24 | $-0.52 | $1.23 | ||
| Q2 24 | $-0.76 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | $18.7B | $7.5B |
| 股东权益账面价值 | $5.8B | $12.7B |
| 总资产 | $43.0B | $22.7B |
| 负债/权益比越低杠杆越低 | 3.24× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资SATSZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $3.0B | $591.9M | ||
| Q3 25 | $3.9B | $1.3B | ||
| Q2 25 | $4.3B | $556.9M | ||
| Q1 25 | $5.1B | $1.4B | ||
| Q4 24 | $5.5B | $525.5M | ||
| Q3 24 | $674.4M | $569.0M | ||
| Q2 24 | $520.6M | $420.1M |
总债务SATSZBH
| Q1 26 | — | $7.5B | ||
| 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SATSZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $5.8B | $12.7B | ||
| Q3 25 | $7.0B | $12.8B | ||
| Q2 25 | $19.7B | $12.5B | ||
| Q1 25 | $20.0B | $12.4B | ||
| Q4 24 | $20.2B | $12.5B | ||
| Q3 24 | $19.4B | $12.4B | ||
| Q2 24 | $19.6B | $12.7B |
总资产SATSZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $43.0B | $23.1B | ||
| Q3 25 | $45.3B | $23.5B | ||
| Q2 25 | $59.9B | $22.9B | ||
| Q1 25 | $60.6B | $22.2B | ||
| Q4 24 | $60.9B | $21.4B | ||
| Q3 24 | $57.5B | $21.7B | ||
| Q2 24 | $55.3B | $21.5B |
负债/权益比SATSZBH
| Q1 26 | — | 0.59× | ||
| 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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $-583.4M | $245.9M |
| 自由现金流率自由现金流/营收 | -15.4% | 11.8% |
| 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 | — | 1.51× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $1.4B |
8季度趋势，按日历期对齐
经营现金流SATSZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $-425.3M | $517.4M | ||
| Q3 25 | $111.7M | $418.7M | ||
| Q2 25 | $7.5M | $378.2M | ||
| Q1 25 | $206.8M | $382.8M | ||
| Q4 24 | $45.6M | $506.3M | ||
| Q3 24 | $276.2M | $395.7M | ||
| Q2 24 | $479.7M | $369.4M |
自由现金流SATSZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $-583.4M | $442.6M | ||
| Q3 25 | $-144.4M | $363.7M | ||
| Q2 25 | $-285.7M | $328.1M | ||
| Q1 25 | $-51.7M | $338.2M | ||
| Q4 24 | $-298.7M | $454.8M | ||
| Q3 24 | $-57.5M | $351.2M | ||
| Q2 24 | $132.4M | $316.7M |
自由现金流率SATSZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | -15.4% | 19.7% | ||
| Q3 25 | -4.0% | 18.2% | ||
| Q2 25 | -7.7% | 15.8% | ||
| Q1 25 | -1.3% | 17.7% | ||
| Q4 24 | -7.5% | 22.5% | ||
| Q3 24 | -1.5% | 19.3% | ||
| Q2 24 | 3.3% | 16.3% |
资本支出强度SATSZBH
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 3.3% | ||
| Q3 25 | 7.1% | 2.7% | ||
| Q2 25 | 7.9% | 2.4% | ||
| Q1 25 | 6.7% | 2.3% | ||
| Q4 24 | 8.7% | 2.5% | ||
| Q3 24 | 8.6% | 2.4% | ||
| Q2 24 | 8.8% | 2.7% |
现金转化率SATSZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | — | 3.71× | ||
| Q3 25 | — | 1.81× | ||
| Q2 25 | — | 2.48× | ||
| Q1 25 | — | 2.10× | ||
| Q4 24 | 0.14× | 2.11× | ||
| Q3 24 | — | 1.59× | ||
| Q2 24 | — | 1.52× |
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% |
ZBH
暂无分部数据
