Gogo Inc (GOGO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 345,667 | 264,626 | 268,167 | 233,521 | 185,346 |
| Revenue | US$ in thousands | 444,709 | 397,577 | 404,067 | 335,716 | 269,718 |
| Gross profit margin | 77.73% | 66.56% | 66.37% | 69.56% | 68.72% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $345,667K ÷ $444,709K
= 77.73%
Gogo Inc's gross profit margin has exhibited fluctuations over the years based on the data provided. The margin stood at 68.72% as of December 31, 2020, showing a slight increase to 69.56% by the end of 2021. However, there was a decline in the margin in the subsequent years, dropping to 66.37% by December 31, 2022, and further to 66.56% by December 31, 2023. Interestingly, there was a significant improvement in the margin by the end of 2024, reaching 77.73%.
These fluctuations in the gross profit margin are essential indicators of the company's ability to generate profit from its core operations after accounting for the direct costs of production. It is crucial for Gogo Inc to analyze the factors contributing to these changes to ensure sustained profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2024