A Business at a Glance
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Gogo Inc.
GOGO
$547M
Mkt Cap
$3.81
+1.06%
Gogo Inc. (GOGO) has a current P/E ratio of 42.3, compared to its historical median P/E of 20.2. The stock is currently considered Fair based on its historical valuation range.
Gogo Inc. (GOGO) has a 5-year average return on invested capital (ROIC) of 20.6%. This indicates strong capital allocation and a potential competitive advantage.
Gogo Inc. (GOGO) has a market capitalization of $515M. It is classified as a small-cap stock.
Gogo Inc. (GOGO) does not currently pay a regular dividend.
Based on historical P/E analysis, Gogo Inc. (GOGO) appears fair. The current P/E of 42.3 is 110% above its historical median of 20.2. The estimated fair value CAGR (P/E method) is -22.5%.
Gogo Inc. (GOGO) operates in the Communications Services, Nec industry, within the Communication Services sector.
Gogo Inc. (GOGO) reported annual revenue of $910 million in its most recent fiscal year, based on SEC EDGAR filings.
Company Overview Gogo Inc. (“Gogo”, the “Company”, “we” or “us”) is the only multi-orbit, multi-band in-flight connectivity provider offering connectivity technology purpose-built for business and military/government aviation. We have a holistic approach of providing broadband connectivity services to our customers from small to large aircraft and heavy jets through our air-to-ground (“ATG”) technology and integrated low earth orbit (“LEO”) and geostationary earth orbit (“GEO”) satellite solutions provided by multiple satellite constellations owned by our satellite network partners. We aim to deliver to our customers consistent, global tip-to-tail connectivity with a suite of software, hardware, and advanced infrastructure supported by a 24/7/365 in-person customer support team to fit their every need.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 907M | 910M | 445M | 398M | 404M | 336M |
| Net Income | 14M | 13M | 14M | 146M | 92M | 153M |
| EPS | $-73.00 | $0.09 | $0.10 | $1.09 | $0.71 | $1.28 |
| Free Cash Flow | 2.4M | 65M | 28M | 63M | 59M | 62M |
| ROIC | 6.3% | 7.9% | 5.4% | 24.8% | 26.1% | 38.9% |
| Gross Margin | - | 45.6% | 62.6% | 67.4% | 69.7% | 38.4% |
| Debt/Equity | 7.09 | 8.96 | 13.20 | 16.65 | -7.71 | -2.78 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 111M | 114M | 51M | 124M | 142M | 121M |
| Operating Margin | 12.2% | 12.5% | 11.5% | 31.2% | 35.2% | 35.9% |
| ROE | 11.8% | 15.2% | 25.0% | -476.5% | -43.6% | -31.8% |
| Shares Outstanding | 135M | 144M | 137M | 134M | 130M | 119M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 323M | 420M | 514M | 618M | 290M | 309M | 270M | 336M | 404M | 398M | 445M | 910M | 907M |
| Gross Margin | 22.2% | 37.4% | 41.1% | 45.9% | N/A | N/A | 63.4% | 38.4% | 69.7% | 67.4% | 62.6% | 45.6% | N/A |
| R&D | 40M | 50M | 46M | 78M | 19M | 26M | 25M | 25M | 30M | 37M | 45M | 56M | 49M |
| SG&A | 71M | 87M | 85M | 94M | 58M | 55M | 54M | 52M | 58M | 57M | 125M | 117M | 113M |
| EBIT | -51M | -45M | -27M | -64M | 82M | 97M | 76M | 121M | 142M | 124M | 51M | 114M | 111M |
| Op. Margin | -15.7% | -10.7% | -5.2% | -10.4% | 28.4% | 31.2% | 28.3% | 35.9% | 35.2% | 31.2% | 11.5% | 12.5% | 12.2% |
| Net Income | -85M | -108M | -125M | -172M | -162M | -146M | -250M | 153M | 92M | 146M | 14M | 13M | 14M |
| Net Margin | -26.2% | -25.6% | -24.2% | -27.8% | -55.8% | -47.3% | -92.7% | 45.5% | 22.8% | 36.6% | 3.1% | 1.4% | 1.5% |
| Non-Recurring | -3.4M | -3.0M | -4.6M | -9.0M | -13M | -496K | 47M | -141K | -1.6M | -362K | -2.9M | -504K | -504K |
| Returns on Capital | |||||||||||||
| ROIC | -17.0% | -19.6% | -9.4% | -21.9% | 17.7% | 20.4% | 30.4% | 38.9% | 26.1% | 24.8% | 5.4% | 7.9% | 6.3% |
| ROE | -36.1% | -81.5% | N/A | 148.3% | 70.4% | 43.7% | 48.1% | -31.8% | -43.6% | -476.5% | 25.0% | 15.2% | 11.8% |
| ROA | -11.7% | -12.2% | -11.1% | -13.0% | -12.1% | -11.8% | -26.5% | 23.1% | 13.1% | 18.9% | 1.4% | 1.0% | 1.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 29M | 105M | 65M | 60M | -82M | 64M | 4.5M | 67M | 103M | 79M | 41M | 124M | 85M |
| Free Cash Flow | -103M | -30M | -83M | -192M | -85M | 63M | 2.7M | 62M | 59M | 63M | 28M | 65M | 2.4M |
| Owner Earnings | -45M | 2.5M | -58M | -105M | -105M | 39M | -17M | 38M | 72M | 41M | 1.7M | 40M | 93K |
| CapEx | 132M | 135M | 148M | 252M | 2.7M | 1.5M | 1.8M | 4.3M | 44M | 16M | 14M | 59M | 82M |
| Maint. CapEx | 64M | 87M | 106M | 145M | 14M | 17M | 14M | 15M | 13M | 17M | 19M | 60M | 61M |
| Growth CapEx | 68M | 48M | 43M | 107M | 0 | 0 | 0 | 0 | 31M | 0 | 0 | 0 | 21M |
| D&A | 64M | 87M | 106M | 145M | 14M | 17M | 14M | 15M | 13M | 17M | 19M | 60M | 61M |
| CapEx/OCF | 456.0% | 128.9% | 228.2% | 418.8% | N/A | N/A | 40.3% | 6.4% | 42.5% | 20.6% | 32.6% | 47.7% | 97.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18M | 4.8M | 33M | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.0% | 0.4% | 3.1% | N/A | 0.0% |
| Stock-Based Comp | 9.8M | 15M | 18M | 20M | 8.5M | 8.7M | 7.8M | 13M | 19M | 21M | 21M | 24M | 23M |
| Debt Repayment | 8.6M | 11M | 11M | 3.6M | 200M | 160M | 2.5M | 21M | 0 | 0 | 4.0M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 48M | 195M | 348M | 592M | 801M | 811M | 780M | 847M | 610M | 539M | 873M | 780M | 733M |
| Cash & Equiv. | 131M | 147M | 117M | 196M | 184M | 170M | 435M | 42M | 151M | 139M | 42M | 125M | 104M |
| Long-Term Debt | 291M | 543M | 801M | 1.0B | 1.0B | 1.1B | 828M | 695M | 690M | 588M | 832M | 834M | 813M |
| Debt/Equity | 1.51 | 8.48 | -19.89 | -5.22 | -3.81 | -2.89 | -1.90 | -2.78 | -7.71 | 16.65 | 13.20 | 8.96 | 7.09 |
| Interest Coverage | -1.5 | -0.8 | -0.3 | -0.6 | 0.7 | 0.7 | 0.6 | 1.8 | 3.7 | 3.8 | 1.3 | 1.7 | 1.6 |
| Equity | 198M | 66M | -40M | -192M | -269M | -399M | -641M | -320M | -102M | 41M | 69M | 101M | 118M |
| Total Assets | 756M | 1.0B | 1.2B | 1.4B | 1.3B | 1.2B | 674M | 648M | 760M | 782M | 1.2B | 1.3B | 1.3B |
| Total Liabilities | 559M | 938M | 1.3B | 1.6B | 1.5B | 1.6B | 1.3B | 968M | 861M | 741M | 1.2B | 1.2B | 1.2B |
| Intangibles | 78M | 79M | 85M | 87M | 83M | 51M | 52M | 49M | 49M | 55M | 275M | 249M | 233M |
| Retained Earnings | -685M | -793M | -917M | -1.1B | -1.2B | -1.4B | -1.6B | -1.5B | -1.4B | -1.2B | -1.2B | -1.2B | -1.2B |
| Working Capital | 143M | 270M | 354M | 277M | 286M | 172M | 74M | 61M | 240M | 243M | 141M | 163M | 171M |
| Current Assets | 295M | 468M | 605M | 593M | 586M | 425M | 512M | 250M | 324M | 315M | 323M | 432M | 430M |
| Current Liabilities | 151M | 198M | 251M | 316M | 300M | 253M | 438M | 189M | 84M | 72M | 182M | 269M | 259M |
| Per Share Data | |||||||||||||
| EPS | -0.99 | -1.35 | -1.58 | -2.17 | -2.02 | -1.81 | -3.04 | 1.28 | 0.71 | 1.09 | 0.10 | 0.09 | -73.00 |
| Owner EPS | -0.53 | 0.03 | -0.74 | -1.33 | -1.31 | 0.48 | -0.21 | 0.32 | 0.55 | 0.31 | 0.01 | 0.28 | 0.00 |
| Book Value | 2.32 | 0.83 | -0.51 | -2.42 | -3.35 | -4.95 | -7.79 | -2.68 | -0.79 | 0.30 | 0.50 | 0.70 | 0.87 |
| Cash Flow/Share | 0.34 | 1.32 | 0.82 | 0.76 | -1.03 | 0.79 | 0.05 | 0.56 | 0.80 | 0.59 | 0.30 | 0.87 | 0.56 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 85.4M | 79.7M | 78.8M | 79.3M | 80.2M | 80.7M | 82.2M | 119.3M | 129.7M | 133.6M | 137.5M | 143.6M | 135.1M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.8 | 20.2 | 9.2 | 76.9 | 51.2 | -0.1 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 8.1 | 296.9 | 26.4 | 31.3 | 21.4 | 37.9 | 10.2 | 211.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 13.1 | 18.9 | 20.0 | 16.8 | 13.4 | 35.3 | 11.0 | 11.3 |
| Price/Book | 7.1 | 22.4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 32.9 | 15.2 | 6.5 | 4.4 |
| Price/Sales | 4.8 | 3.4 | 1.7 | 1.3 | 0.6 | 1.3 | 1.7 | 4.5 | 5.1 | 4.6 | 2.6 | 1.5 | 0.6 |
| FCF Yield | -7.3% | -2.0% | -11.2% | -21.2% | -33.2% | 12.4% | 0.3% | 3.8% | 3.2% | 4.7% | 2.6% | 9.8% | 0.5% |
| Market Cap | 1.4B | 1.5B | 745M | 907M | 256M | 505M | 800M | 1.6B | 1.9B | 1.3B | 1.1B | 662M | 515M |
| Avg. Price | 18.19 | 18.10 | 10.86 | 11.39 | 6.47 | 4.87 | 5.43 | 12.56 | 15.78 | 13.72 | 8.52 | 9.57 | 3.81 |
| Year-End Price | 16.53 | 18.62 | 9.45 | 11.44 | 3.19 | 6.26 | 9.73 | 13.82 | 14.34 | 10.04 | 7.69 | 4.61 | 3.81 |
Gogo Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Gogo Inc. trades at 42.3x trailing earnings, compared to its 15-year median P/E of 20.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 7.9x vs a median of 23.9x. The company's 5-year average ROIC is 20.6% with a gross margin of 56.7%. At current prices, the estimated annualized return to fair value is +32.9%.
Gogo Inc. (GOGO) has a net profit margin of 1.4%. This is a modest margin.
Gogo Inc. (GOGO) generated $65 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Gogo Inc. (GOGO) has a debt-to-equity ratio of 8.96. This indicates higher leverage, which may increase financial risk.
Gogo Inc. (GOGO) reported earnings per share (EPS) of $0.09 in its most recent fiscal year.
Gogo Inc. (GOGO) has a return on equity (ROE) of 15.2%. This indicates the company generates strong returns for shareholders.
Gogo Inc. (GOGO) has a 5-year average gross margin of 56.7%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for Gogo Inc. (GOGO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Gogo Inc. (GOGO) has a book value per share of $0.70, based on its most recent annual SEC filing.