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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 ) techno…
12.53% operating margin is respectable but not wide. ROIC at 10.06%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 104.7%, still solid.
Net debt of $781M represents 12.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$907M
▲ +104.7% YoY
Net Income (TTM)
$14M
▼ -6.0% YoY
Op. Margin
12.20%
▲ +1.0pp YoY
ROIC
9.43%
▲ +4.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$2M
▲ +133.2% YoY
Op. Cash Flow (TTM)
$85M
▲ +200.5% YoY
Net Debt
$800M
Cash & Equiv.
$104M
5Y CAGR: +27.5%
5Y CAGR: +89.1%
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