Gogo Inc (GOGO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 124,165 | 142,326 | 120,626 | 76,351 | 96,532 |
| Revenue | US$ in thousands | 380,064 | 386,148 | 183,999 | 142,860 | 647,192 |
| Operating profit margin | 32.67% | 36.86% | 65.56% | 53.44% | 14.92% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $124,165K ÷ $380,064K
= 32.67%
Gogo Inc's operating profit margin has demonstrated fluctuating trends over the past five years. The company's operating profit margin stood at 31.23% in 2023, showing a slight decline from the previous year's 35.22%. While the profit margin decreased in the most recent year, it remains relatively healthy compared to earlier periods.
In 2021 and 2022, Gogo Inc was able to maintain a stable operating profit margin around the mid-30% range, indicating efficient cost management and revenue generation. The significant increase from 4.39% in 2019 to 28.31% in 2020 suggests a substantial improvement in the company's operational efficiency and profitability during that period.
Overall, while there was a slight decline in the operating profit margin in 2023 compared to the previous year, the company has shown the ability to maintain relatively strong profitability levels in recent years. Analyzing the trend over multiple years provides a more comprehensive understanding of Gogo Inc's operating performance and its ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2023