Gogo Inc (GOGO)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 145,678 | 158,881 | 158,144 | 90,312 | 92,059 | 283,098 | 273,881 | 182,616 | 152,735 | -65,129 | -156,212 | -172,943 | -250,036 | -273,232 | -215,999 | -213,983 | -146,004 | -183,341 | -198,167 | -151,411 |
| Revenue (ttm) | US$ in thousands | 388,512 | 410,184 | 416,797 | 411,670 | 386,744 | 358,503 | 338,195 | 316,166 | 274,727 | 260,061 | 219,158 | 218,483 | 324,857 | 468,533 | 603,649 | 657,862 | 678,320 | 674,234 | 690,306 | 767,550 |
| Net profit margin | 37.50% | 38.73% | 37.94% | 21.94% | 23.80% | 78.97% | 80.98% | 57.76% | 55.60% | -25.04% | -71.28% | -79.16% | -76.97% | -58.32% | -35.78% | -32.53% | -21.52% | -27.19% | -28.71% | -19.73% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $145,678K ÷ $388,512K
= 37.50%
To analyze the net profit margin of Gogo Inc based on the provided data, we can observe fluctuations in the profitability of the company over the past eight quarters. The net profit margin, which indicates the percentage of revenue that translates into profit after all expenses have been deducted, shows varying levels of performance.
In Q4 2023, the net profit margin was 36.64%, a decrease from the previous quarter's 38.95%. This decline suggests that the company's profitability slightly weakened during this period. However, compared to Q4 2022, where the net profit margin was 22.78%, there has been an improvement over a year.
In Q3 2022 and Q2 2022, the net profit margins were notably high at 72.93% and 74.01%, respectively. These exceptionally high margins could indicate either strong cost management or potentially an anomaly in the financial results of those quarters.
Overall, the net profit margins have exhibited fluctuations throughout the periods analyzed, with some quarters showing higher levels of profitability than others. It is important to further investigate the factors influencing these fluctuations, such as changes in revenue, expenses, or operational efficiency, to gain a deeper understanding of Gogo Inc's financial performance.
Peer comparison
Dec 31, 2023