VSAT vs KVHI vs ECHO Stock Comparison

Viasat, Kvh Industries Inc \De\ and EchoStar Prices as of Nov 5, 2026 Peers: Industry group
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VSAT Viasat Inc
$59.38 -20.2% 1M +56.6% 1Y
Market cap
$8.18B
P/E
–
Revenue (TTM)
$4.63B
Div. yield
–
Satellite Communications Communication Services
1 win
KVHI Kvh Industries Inc \De\
$6.04 -12.0% 1M +0.3% 1Y
Market cap
$109.77M
P/E
229.2x
Revenue (TTM)
$135.01M
Div. yield
–
Satellite Communications Communication Services
2 wins
ECHO EchoStar CORP
$89.92 -10.1% 1M +24.3% 1Y
Market cap
$26.14B
P/E
2.6x
Revenue (TTM)
$12.17B
Div. yield
–
Satellite Communications Communication Services
8 wins

Head to Head

11 decided of 12

EchoStar leads on 8 of the 12 questions below (EchoStar 8, Kvh Industries Inc \De\ 2, Viasat 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionVSATKVHIECHOLeader
Larger companyMarket capitalisation $8.18B $109.77M $26.14B ECHO
Cheaper on earningsLower P/E, profitable companies only -277.0x 229.2x 2.6x ECHO
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 30.2x 3.9x ECHO
Faster revenue growthRevenue growth, trailing twelve months +1.3% +25.7% -19.8% KVHI
More profitableNet margin, trailing twelve months -0.6% 0.4% 81.3% ECHO
Better return on capitalReturn on invested capital 0.0% — 0.8% ECHO
Less leveragedLower net debt / EBITDA -2.3x — -4.7x ECHO
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months +56.6% +0.3% +24.3% VSAT
Better 5-year returnAnnualised price return, 5 years -2.4%/yr -10.5%/yr +28.0%/yr ECHO
Less volatileAnnualised volatility, 1 year 81.5% 62.0% 55.2% ECHO
Higher overall scoreMean of the five percentile scores vs peers 52/100 57/100 53/100 KVHI

Percentile Scorecard

VSATKVHIECHO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisVSATKVHIECHO
Valuation 52 #24 of 49 29 #35 of 49 35 #32 of 49
Growth 87 #7 of 47 50 #24 of 47 37 #30 of 47
Profitability 38 #29 of 46 27 #34 of 46 47 #25 of 46
Financial Health 75 #13 of 49 83 #9 of 49 92 #5 of 49
Shareholder Returns 9 #33 of 36 97 #2 of 36 –
Overall 52 57 53
  • VSAT ranked among 51 companies in Telecommunications
  • KVHI ranked among 51 companies in Telecommunications
  • ECHO ranked among 51 companies in Telecommunications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodVSATKVHIECHOSPY
1 month -20.2%-12.0%-10.1% -5.9%
3 months -27.6%-27.1%+3.3% -4.6%
6 months -10.5%-40.8%-26.7% +0.2%
Year to date +72.3%-13.3%-17.3% +7.5%
1 year +56.6%+0.3%+24.3% +8.2%
3 years +225.0%+31.0%+747.5% +68.3%
3 years, per year +48.2%+9.4%+104.0% +19.0%
5 years -11.4%-42.4%+243.7% +56.5%
5 years, per year -2.4%-10.5%+28.0% +9.4%
10 years -13.9%-22.1%+144.5% +251.5%
10 years, per year -1.5%-2.5%+9.4% +13.4%

Risk

MeasureVSATKVHIECHOSPY
Volatility, 1Y 81.5%62.0%55.2% 13.6%
Downside volatility, 1Y 75.2%62.7%54.6% 14.2%
Beta vs S&P 500, 1Y 3.071.451.57 1.00
Return / volatility, 1Y 0.690.010.44 0.60
Max drawdown, 5Y -87.7%-63.5%-68.0% -25.4%
From 52-week high -33.9%-48.3%-36.6% -5.9%
52-week high $89.81$11.69$141.80 $779.14
52-week low $30.35$5.26$66.93 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleVSATKVHIECHO
P/E now vs peer median -277.0xmedian 11.9x 229.2xmedian 11.9x 2.6xmedian 11.9x
P/S now vs peer median 1.8xmedian 1.1x 0.8xmedian 1.1x 2.1xmedian 1.1x
EV/EBITDA now vs peer median 15.5xmedian 6.6x 8.3xmedian 6.6x 24.0xmedian 6.6x
P/FCF now vs peer median 5.1xmedian 4.7x -18.9xmedian 4.7x -49.1xmedian 4.7x
P/B now vs peer median 1.7xmedian 1.5x 0.9xmedian 1.5x 1.5xmedian 1.5x
PEG now vs peer median 10.49median 0.27 7.60median 0.27 0.12median 0.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsVSATKVHIECHO
Revenue $4.63B $135.01M $12.17B
Gross profit $1.54B $57.38M $5.58B
Operating income $108.76M -$2.36M $273.80M
Net income $8.86M $481.00K $9.88B
Free cash flow $1.59B -$5.81M -$532.75M
R&D $176.21M $2.63M –
EPS (diluted) $-0.21 $0.03 $28.16
Cash & equivalents $1.74B $50.70M $13.44B
Total debt $661.94M – $9.66B
Shares (diluted) 137.12M 18.25M 351.19M
Enterprise value $2.20B -$127.71M $7.22B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricVSATKVHIECHO
P/E -277.0x 229.2x 2.6x
P/FCF 5.1x -18.9x -49.1x
P/Operating cash flow 5.1x 59.2x -311.4x
P/S 1.8x 0.8x 2.1x
P/B 1.7x 0.9x 1.5x
P/Tangible book 2.9x 0.9x 3.1x
EV/EBITDA 15.5x 8.3x 24.0x
EV/EBIT 65.3x -25.0x 79.7x
EV/Revenue 1.5x 0.4x 1.8x
EV/FCF 4.5x -10.2x -41.0x
EV/Operating cash flow 4.5x 31.9x -260.0x
PEG (3Y EPS CAGR) 10.49 7.60 0.12

Growth

14 metrics
MetricVSATKVHIECHO
Revenue growth (1Y) 1.3% 25.7% -19.8%
Revenue CAGR (3Y) 18.8% -0.5% -11.2%
Gross profit growth (1Y) 3.6% 124.0% 3.7%
Gross profit CAGR (3Y) 24.4% -4.2% 100.1%
Operating income growth (1Y) 198.4% 82.4% 101.6%
Operating income CAGR (3Y) 40.5% 20.0% -35.1%
Net income growth (1Y) 101.6% 104.0% 176.3%
Net income CAGR (3Y) -79.5% 29.9% 92.4%
EPS growth (1Y) 95.3% 104.2% 162.6%
EPS CAGR (3Y) -26.4% 30.1% 21.6%
Operating cash flow growth (1Y) 56.8% -86.9% -122.6%
Operating cash flow CAGR (3Y) 54.5% -37.7% -26.3%
Free cash flow growth (1Y) 56.8% -170.3% 31.7%
Free cash flow CAGR (3Y) 60.4% -26.4% -146.8%

Profitability

14 metrics
MetricVSATKVHIECHO
Gross margin 33.2% 42.5% 45.9%
EBITDA margin 9.9% 5.3% 7.5%
Operating margin 2.4% -1.8% 2.3%
Pretax margin 2.8% 0.4% 96.4%
Net margin -0.6% 0.4% 81.3%
FCF margin 34.4% -4.3% -4.4%
Operating cash flow margin 34.4% 1.4% -0.7%
Return on equity 0.2% 0.4% 63.4%
Return on assets 0.1% 0.3% 26.1%
Return on invested capital 0.0% – 0.8%
Return on capital employed 0.8% -1.8% 0.8%
Asset turnover 0.3x 0.9x 0.3x
Cash conversion (OCF / net income) 179.8x 3.9x 0.0x
Stock comp / revenue 2.0% 1.1% 0.2%

Financial Health

11 metrics
MetricVSATKVHIECHO
Debt / assets 4.4% – 26.6%
Debt / equity 0.1x – 0.6x
Net debt / EBITDA -2.3x – -4.7x
Debt / FCF 0.4x – -18.1x
Liabilities / assets 68.8% 15.6% 53.2%
Equity / assets 31.2% 84.4% 46.8%
Interest coverage 0.3x -394.0x –
Current ratio 1.7x 6.0x 10.2x
Quick ratio 1.3x 4.4x 9.8x
Cash ratio 0.9x 2.8x 9.5x
Altman Z-score 0.86 4.45 1.93

Shareholder Returns

7 metrics
MetricVSATKVHIECHO
Dividend yield – – –
Net buyback yield -0.3% 11.8% –
Shareholder yield -0.3% 11.8% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusVSATKVHIECHO
Forward P/E – 30.2xFY2026 3.9xFY2026
EPS, next fiscal year $-1.50FY2026 $0.20FY2026 $23.29FY2026
EPS growth, the year after – +240.0% -86.5%
Revenue, next fiscal year $4.60BFY2026 $154.52MFY2026 $13.36BFY2026
Revenue growth, next FY -0.9%FY2026 +39.2%FY2026 -10.9%FY2026
Revenue growth, the year after +3.9% +19.7% -4.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersVSATKVHIECHO
Held by institutions 100.0% 66.7% 57.5%
Institutions holding 486 99 704
Change in shares held, QoQ +10.1% +25.2% -2.8%
Institutions buying 305 69 422
Institutions selling 137 22 217
Buyers to sellers 2.23 3.14 1.94

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

VSATKVHIECHO
VSAT 1.00 0.36 0.46
KVHI 0.36 1.00 0.21
ECHO 0.46 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, VSAT, KVHI and ECHO?

EchoStar (ECHO) is the largest by market capitalisation: Viasat (VSAT) $8.18B, Kvh Industries Inc \De\ (KVHI) $109.77M, EchoStar (ECHO) $26.14B.

Which stock is cheaper, VSAT, KVHI and ECHO?

EchoStar (ECHO) trades on the lowest price-to-earnings ratio (Viasat (VSAT) -277.0x, Kvh Industries Inc \De\ (KVHI) 229.2x, EchoStar (ECHO) 2.6x). On next year's consensus earnings, EchoStar (ECHO) is cheapest (Kvh Industries Inc \De\ (KVHI) 30.2x, EchoStar (ECHO) 3.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Kvh Industries Inc \De\ (KVHI) grew revenue fastest over the trailing twelve months: Viasat (VSAT) +1.3%, Kvh Industries Inc \De\ (KVHI) +25.7%, EchoStar (ECHO) -19.8%.

Which company is more profitable?

EchoStar (ECHO) has the highest net margin (Viasat (VSAT) -0.6%, Kvh Industries Inc \De\ (KVHI) 0.4%, EchoStar (ECHO) 81.3%). On return on invested capital, EchoStar (ECHO) leads (Viasat (VSAT) 0.0%, EchoStar (ECHO) 0.8%).

Which stock has performed better?

Over the past year Viasat (VSAT) returned the most: Viasat (VSAT) +56.6%, Kvh Industries Inc \De\ (KVHI) +0.3%, EchoStar (ECHO) +24.3%. Over five years, EchoStar (ECHO) compounded fastest (Viasat (VSAT) -2.4%/yr, Kvh Industries Inc \De\ (KVHI) -10.5%/yr, EchoStar (ECHO) +28.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, EchoStar (ECHO) has been the steadiest (Viasat (VSAT) 81.5%, Kvh Industries Inc \De\ (KVHI) 62.0%, EchoStar (ECHO) 55.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, VSAT, KVHI and ECHO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, EchoStar (ECHO) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.