Gogo Inc (GOGO)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 51,271 | 100,302 | 114,547 | 126,911 | 124,165 | 137,984 | 141,010 | 139,305 | 142,326 | 135,958 | 130,529 | 127,795 | 120,626 | 103,995 | 95,302 | 11,266 | -67,574 | -74,878 | -89,880 | -25,784 |
| 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 |
| Operating profit margin | 11.53% | 24.78% | 28.48% | 31.47% | 31.23% | 33.83% | 33.95% | 33.98% | 35.22% | 35.02% | 35.27% | 36.04% | 35.93% | 32.39% | 31.72% | 3.58% | -15.89% | -13.16% | -12.77% | -3.14% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $51,271K ÷ $444,709K
= 11.53%
The operating profit margin of Gogo Inc has displayed fluctuations over the quarters from March 31, 2020, to December 31, 2024.
Initially, the company experienced negative operating profit margins, indicating that its operating expenses were exceeding its revenue during the first half of 2020 and 2021. Subsequently, there was a significant turnaround in the company's performance, with operating profit margins turning positive in March 31, 2021, and substantially increasing in the following quarters.
The upward trend in operating profit margins continued until the second half of 2023, reaching a peak of 36.04% in March 31, 2022. However, the margins started to decline gradually from thereon, dipping to 11.53% by December 31, 2024.
Overall, Gogo Inc's operating profit margins have shown resilience by recovering from losses to achieving positive margins and witnessing growth in profitability. However, the decline in margins towards the end of the time period indicates a potential need for the company to assess its cost structure and revenue generation strategies to sustain and enhance its profitability in the future.
Peer comparison
Dec 31, 2024