Gogo Inc (GOGO)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 13,746 | 145,678 | 92,059 | 152,735 | -48,559 |
| Revenue | US$ in thousands | 444,709 | 397,577 | 404,067 | 335,716 | 269,718 |
| Net profit margin | 3.09% | 36.64% | 22.78% | 45.50% | -18.00% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $13,746K ÷ $444,709K
= 3.09%
The net profit margin of Gogo Inc showed significant variability over the past five years. The margin was notably negative in December 2020 at -18.00%, indicating that the company was incurring losses exceeding its revenue. However, there was a remarkable turnaround as of December 2021, with the margin surging to 45.50%, signalling that the company generated a substantial profit relative to its revenue.
In the subsequent years, the net profit margin fluctuated. By December 2022, it stood at 22.78%, implying that the company was able to maintain a modest level of profitability. The margin then increased to 36.64% by December 2023, suggesting an improvement in profitability. However, as of December 2024, the net profit margin declined notably to 3.09%, indicating a reduced level of profitability compared to the previous year.
Overall, the fluctuating trend in Gogo Inc's net profit margin signifies the company's varying ability to convert its revenue into profit over the analyzed period. Additional analysis of the company's operational efficiency and cost management strategies may provide further insights into these fluctuations.
Peer comparison
Dec 31, 2024