Dish Network's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Dish Network (DISH) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Dish Network vs Its Competitors
- TTM: Trailing 12-month revenue of 13,756M vs 1,536,866M combined for its competitors (0.9% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-4.6% annualized vs trailing 12 months), vs decelerating (-5.8%) for its tracked peer group.
- Growth: Dish Network generated -6.7% revenue growth year over year in Q3 2025, vs 7.5% for its competitors combined.
- Profitability: Its -380.0% net margin compares with 8.9% for the peer group.
- Peer revenue share: Dish Network accounted for 0.9% of combined revenue among its tracked peer group, down from 1.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.96M compares with $0.59M for the peer group (1.6x).
- Structure: Dish Network operates in the following segments: Pay Tv and Broadband, Retail Wireless; and reports the following subsidiaries: DISH DBS CORP.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
DISH Sales vs. its Competitors, Q3 2025
Dish Network reported revenue contraction of 6.67 % year on year in Q3 2025, below its competitors' combined revenue growth of 7.45 %.
With a net margin of -380.01 %, Dish Network reported lower profitability than its competitors (8.90 %).
Dish Network generated 0.90 % of the combined sales of its peer group, down from 1.03 % a year earlier.
API endpoints for this dataset
Dish Network vs. its Competitors, Q3 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Dish Network reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Dish Network and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Dish Network Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (9) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Dish Network's competitor groups requires a Commercial License.
For context: the Broadcasting Media & Cable TV industry grew revenue 4.9% year over year, combined, vs -6.7% for Dish Network. Dish Network's share of combined industry revenue moved from 2.00% to 1.78%, a loss of 0.22 percentage points.
Dish Network's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Dish Network Corp | No | No | No | No |
| Competitors combined (33) | ||||
| High-Confidence Competitors (9) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
DISH Stock Performance relative to its Competitors
DISH Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Echostar Corporation | 282.9% | Outperformed |
| 2 | Sifco Industries Inc | 282.9% | Outperformed |
| 3 | Frequency Electronics Inc | 282.9% | Outperformed |
| 4 | Richardson Electronics Ltd | 282.9% | Outperformed |
| 5 | Viasat Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Dish Network's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Dish Network Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Dish Network Corp |
- | 13,755.98 |
 Amazon com Inc |
2,833,889.70 | 798,097.00 |
 Verizon Communications Inc |
190,116.09 | 139,387.00 |
 At and t Inc |
148,035.72 | 128,852.00 |
 Lockheed Martin Corporation |
131,279.02 | 79,116.00 |
 General Dynamics Corporation |
96,933.84 | 56,520.00 |
| SUBTOTAL | 3,860,966.64 | 1,550,626.48 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Dish Network Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Dish Network's Competitors Named by the Company
Competitive relationships identified from Dish Network reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Authentic Holdings Inc | Company report | 85% |
| Telephone And Data Systems Inc | Company report | 85% |
| Qvc Group Inc | Company report | 85% |
| Shenandoah Telecommunications Company | Company report | 85% |
| Conx Corp | Company report | 85% |
| Fubotv Inc | Company report | 85% |
| T mobile Us Inc | Company report | 85% |
| QVCD | Company report | 85% |
| EchoStar | Company report | 85% |
| Qvc inc | Company report | 85% |
| USM | Company report | 85% |
| Charter Communications Inc | Company report | 85% |
| Array Digital Infrastructure Inc | Company report | 85% |
| Optimum Communications Inc | Company report | 85% |
| At and t Inc | Company report | 85% |
| Comcast corporation | Company report | 85% |
| Verizon Communications Inc | Company report | 85% |
| Roku Inc | Company report | 85% |
| Viasat Inc | Company report | 85% |
| Liberty Global Ltd | Company report | 85% |
| Verizon Communications Inc | Company report | 85% |
| Liberty Broadband Corporation | Company report | 85% |
| Gilat Satellite Networks Ltd | Company report | 85% |
| Wideopenwest Inc | Company report | 85% |
| Loral Space and Communications Inc | Company report | 85% |
| Kvh Industries Inc | Company report | 85% |
| Cable One Inc | Company report | 85% |
| Amazon com Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Dish Network's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Dish Network's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Dish Network Corp | Pay Tv and Broadband 71.36 % |
| Amazon com Inc | North America 55.86 % |
| Verizon Communications Inc | Verizon Consumer Group 77.03 % |
| At and t Inc | Advanced Connectivity 91.21 % |
| Lockheed Martin Corporation | Aeronautics 39.66 % |
| General Dynamics Corporation | Marine Systems 34.05 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Dish Network's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Dish Network Corp | - | 961,957 | -878,344 |
| Amazon com Inc | 2,833,890 | 506,407 | 85,520 |
| Verizon Communications Inc | 190,116 | 1,550,467 | 186,218 |
| At and t Inc | 148,036 | 968,594 | 107,028 |
| Lockheed Martin Corporation | 131,279 | 643,220 | 52,951 |
| General Dynamics Corporation | 96,934 | 483,077 | 39,803 |
| PEERS TOTAL | 3,860,967 | 593,200 | 79,733 |
Dish Network's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Lockheed Martin Corporation | United States 69.29 % |
| Northrop Grumman Corp | United States 86.67 % |
| Textron Inc | United States 70.17 % |
| Viasat Inc | US 67.73 % |
| Kratos Defense and Security Solutions inc | United States 78.55 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Dish Network's Position in Industry Market Structure
Market-capitalization share and concentration across all 40 companies in Dish Network's industry classification, broader than the peer set above. Market cap in millions of $.Dish Network ranks #0 of 40 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,834, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Netflix Inc | 270,209 | 31.22 % |
| 2 | Liberty Media Corporation | 191,919 | 22.17 % |
| 3 | Spotify Technology S a | 125,944 | 14.55 % |
| 4 | Comcast corporation | 87,072 | 10.06 % |
| 5 | Everpure Inc | 1,234 | 5.2% |
| 6 | Tencent Music Entertainment Group | 1,234 | 5.2% |
| 7 | Fox Corporation | 1,234 | 5.2% |
| 8 | Roku Inc | 1,234 | 5.2% |
| 9 | Charter Communications Inc | 1,234 | 5.2% |
| 10 | Rogers Communications Inc | 1,234 | 5.2% |
| 0 | Dish Network Corp | - | 0.00 % |
Market cap and industry share for the rest of Dish Network's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2023-12-29.
Dish Network's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Broadcasting Media & Cable TV industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (78 companies). See the full Broadcasting Media & Cable TV industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 32.07 % | 29.09 % (avg) | +3.0 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | - | 11.69 % (avg) | - |
| Capital Intensity (Capex / Revenue) | 7.24 % | 7.06 % (avg) | +0.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Dish Network's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -4.66 % | 18.68 % | -25.01 % | 20.97 % | 26.31 % | -6.29 % | -8.30 % | -6.55 % |
| Operating Margin | 10.89 % | 12.57 % | 14.67 % | 16.67 % | 18.88 % | 12.26 % | 1.15 % | -1.26 % |
| Return on Invested Capital | 5.23 % | 6.47 % | 5.12 % | 5.26 % | 5.16 % | 2.41 % | 0.18 % | -0.26 % |
| P/E | 12.9x | 10.0x | 13.6x | 10.7x | 8.1x | 4.1x | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Dish Network's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,834 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 7.24 % vs industry average 7.06 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Dish Network's dedicated Suppliers and Customers pages, not here.
Dish Network's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 613.4 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-4.6% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-5.8% annualized).
Methodology: see Methodology: SWOT Analysis.
Dish Network's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Dish Network Corp | 0.16 | 0.44 | 4.06 |
| Amazon com Inc | 0.35 | 1.06 | 0.25 |
| Verizon Communications Inc | 0.13 | 0.69 | 1.57 |
| At and t Inc | 0.27 | 0.91 | 1.15 |
| Lockheed Martin Corporation | 0.17 | 1.17 | 2.53 |
| General Dynamics Corporation | 0.20 | 1.42 | 0.29 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Dish Network's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Dish Network Corp | Q3 2025 | -6.7 % | - |
| Amazon com Inc | Q3 2026 | +12.1 % | -2.4 % |
| Verizon Communications Inc | Q3 2026 | +1.5 % | +2.8 % |
| At and t Inc | Q3 2026 | +5.3 % | -90.8 % |
| Lockheed Martin Corporation | Q3 2026 | +11.3 % | +14.0 % |
| General Dynamics Corporation | Q3 2026 | +12.9 % | +16.1 % |
| PEERS TOTAL | +5.5 % | -24.7 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Dish Network's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Dish Network Corp | Q3 2025 | -6.4 % | -26.0 % |
| Amazon com Inc | Q3 2026 | +6.7 % | +20.1 % |
| Verizon Communications Inc | Q3 2026 | +281.5 % | +57.3 % |
| At and t Inc | Q3 2026 | -0.1 % | +3.6 % |
| Lockheed Martin Corporation | Q3 2026 | +11.6 % | +15.2 % |
| General Dynamics Corporation | Q3 2026 | +81.5 % | +126.9 % |
Dish Network's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Dish Network Corp | - | - | - |
| Amazon com Inc | 13.23% | 18.74% | 26.71% |
| Verizon Communications Inc | 4.06% | 4.74% | 15.84% |
| At and t Inc | 3.32% | 3.09% | 11.36% |
| Lockheed Martin Corporation | 10.59% | 14.93% | 78.85% |
| General Dynamics Corporation | 7.87% | 12.53% | 17.60% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Dish Network's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Dish Network Corp | 1.91 | - |
| Amazon com Inc | 20.95 | 3.55 |
| Verizon Communications Inc | 11.72 | 1.36 |
| At and t Inc | 11.76 | 1.15 |
| Lockheed Martin Corporation | 20.17 | 1.66 |
| General Dynamics Corporation | 20.79 | 1.72 |
| PEERS AVERAGE | 19.90 | 2.49 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.