Gogo Inc (GOGO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 305,721 | 271,066 | 257,101 | 263,097 | 259,947 | 270,408 | 271,655 | 268,006 | 268,167 | 261,755 | 254,814 | 245,864 | 233,521 | 219,684 | 204,212 | 186,987 | 223,175 | 269,440 | 321,554 | 389,133 |
| Revenue (ttm) | US$ in thousands | 444,709 | 404,720 | 402,140 | 403,302 | 397,577 | 407,930 | 415,299 | 409,914 | 404,067 | 388,204 | 370,058 | 354,597 | 335,716 | 321,050 | 300,403 | 314,668 | 425,274 | 568,950 | 703,607 | 820,652 |
| Gross profit margin | 68.75% | 66.98% | 63.93% | 65.24% | 65.38% | 66.29% | 65.41% | 65.38% | 66.37% | 67.43% | 68.86% | 69.34% | 69.56% | 68.43% | 67.98% | 59.42% | 52.48% | 47.36% | 45.70% | 47.42% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $305,721K ÷ $444,709K
= 68.75%
Gogo Inc's gross profit margin has shown fluctuations over the quarters from March 31, 2020, to December 31, 2024. The gross profit margin started at 47.42% in March 2020, decreased slightly to 45.70% in June 2020, and then increased to 47.36% in September 2020.
Thereafter, there was a significant improvement in the gross profit margin, reaching 52.48% by December 2020. Subsequently, the margin showed a positive trend, with notable increases in the following quarters, reaching its peak at 69.56% by December 31, 2021.
Despite the high point in December 2021, the gross profit margin began to decrease gradually over the next quarters. It dropped to 65.38% by March 31, 2023, before stabilizing around the mid-60s range. The margin experienced a slight increase to 68.75% by December 31, 2024.
Overall, Gogo Inc's gross profit margin demonstrated variability during this period, with both fluctuations and improvements. The company should continue to monitor and manage its cost of goods sold and revenue generation to maintain a healthy gross profit margin.
Peer comparison
Dec 31, 2024