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Communications satellites

The 11 companies in this industry listed on the NYSE and Nasdaq are worth $66 bn combined; the largest are EchoStar (ECHO), AST SpaceMobile (ASTS) and Globalstar (GSAT). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Open contest
11 companies value 66 bn revenue 23 bn margin -70.3% free cash flow -0.1 bn avg. score 2.0
ECHO holds 37.9% of the group's value, 1.5x the runner-up · ASTS leads the industry without being the largest
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 ECHO EchoStar
United States · score 0.0
38% 25 bn 15 bn -98.5% -0.7 bn -2.9% — Satellites, Boost Mobile and pay TV · Satellites, Dish TV and mobile spectrum
2 ASTS AST SpaceMobile
United States · score 0.0
25% 16 bn 0.1 bn -536.7% -1.6 bn -10.1% — Satellite cellular broadband direct to the phone · Satellite network that connects ordinary phones directly from space. Pre-revenue: a high-risk bet
3 GSAT Globalstar
United States · score 3.4
16% 11 bn 0.3 bn -18.5% 0.6 bn 5.3% 0.1% Low-Earth-orbit satellite communications · The satellite network behind the iPhone's Emergency SOS via satellite
4 VSAT Viasat
United States · score 4.2
13% 8.3 bn 4.6 bn -0.6% 1.6 bn 19.2% 0.7% Broadband satellites and defense communications · Satellite broadband for aviation, ships and military use
5 IRDM Iridium Communications
United States · score 5.7
7% 4.7 bn 0.9 bn 18.1% 0.3 bn 5.9% 1.4% Global low-Earth-orbit satellite communications · The only global voice and data satellite constellation already operating and profitable
6 GILT GILAT SATELLITE NETWORKS LTD
Israel · score 3.1
1% 0.6 bn 0.5 bn 6.2% 0.0 bn -0.6% — Satellite communication networks, from Israel · Israel — revenue of $488m
7 GOGO Gogo Inc.
United States · score 0.0
0% 0.3 bn 0.9 bn -0.1% -0.0 bn -3.1% — In-flight connectivity for business and government aviation · Colorado — revenue of $903m
8 KVHI KVH INDUSTRIES INC \DE\
United States · score 0.3
0% 0.1 bn 0.1 bn -4.7% 0.0 bn -0.7% — Satellite connectivity for commercial and leisure vessels · Rhode Island — revenue of $125m
9 CMTL COMTECH TELECOMMUNICATIONS CORP /DE/
United States · score 3.3
0% 0.0 bn 0.3 bn -14.5% 0.0 bn 53.7% 0.1% Secure communications for public safety and governments · Arizona — revenue of $250m
10 TSAT Telesat Corp
Canada · score 0.6
— — 0.3 bn -349.4% -0.2 bn — — Geostationary satellite services and the Telesat Lightspeed low Earth orbit constellation, under construction · Canada — revenue of $257m
11 IOTR iOThree Ltd
Singapore · score 1.4
— — 0.0 bn -7.9% 0.0 bn — — Maritime satellite communications, from Singapore · Singapore — revenue of $15m

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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