• EchoStar average return on tangible equity for 2023 was 21.66, a 69.51% decline from 2022.
• EchoStar average return on tangible equity for 2022 was 71.04, a 197.36% decline from 2021.
• EchoStar average return on tangible equity for 2021 was 23.89, a 856.01% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.