Gogo Inc (GOGO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 145,678 | 92,059 | 152,735 | -250,036 | -146,004 |
| Revenue | US$ in thousands | 380,064 | 386,148 | 183,999 | 142,860 | 647,192 |
| Net profit margin | 38.33% | 23.84% | 83.01% | -175.02% | -22.56% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $145,678K ÷ $380,064K
= 38.33%
The net profit margin of Gogo Inc has shown varying trends over the past five years. In 2023, the net profit margin improved significantly to 36.64%, indicating that the company was able to generate higher profits relative to its revenues compared to the previous year. This may suggest improved cost management, higher sales volumes, or more efficient operations.
In 2022, the net profit margin was 22.78%, reflecting a lower profitability level compared to 2021. This decline could be attributed to higher expenses or lower revenues during the year. However, the margin rebounded in 2021 to 45.50%, showing a strong profitability performance with a significant increase from the previous year.
In 2020, the net profit margin was negative at -92.70%. This suggests that the company incurred a net loss during the year, where expenses exceeded revenues by a significant margin. The sharp decline in profitability may indicate financial challenges or one-time exceptional expenses impacting the bottom line.
Similarly, in 2019, the net profit margin was also negative at -17.47%, indicating another year of net losses for the company. Overall, the fluctuating net profit margins observed in the past five years reflect the company's varying profitability levels and financial performance over time.
Peer comparison
Dec 31, 2023