Gogo Inc (GOGO)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 124,165 | 137,984 | 141,010 | 139,305 | 142,326 | 135,958 | 130,529 | 127,795 | 120,626 | 103,995 | 95,302 | 82,814 | 76,351 | 90,095 | 94,928 | 94,682 | 96,532 | 57,401 | 22,738 | -1,583 |
| 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 |
| Operating profit margin | 31.96% | 33.64% | 33.83% | 33.84% | 36.80% | 37.92% | 38.60% | 40.42% | 43.91% | 39.99% | 43.49% | 37.90% | 23.50% | 19.23% | 15.73% | 14.39% | 14.23% | 8.51% | 3.29% | -0.21% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $124,165K ÷ $388,512K
= 31.96%
Gogo Inc's operating profit margin has shown a slight decreasing trend over the past four quarters, with the margin ranging from 31.23% in Q4 2023 to 36.04% in Q1 2022. The margins have been consistently above 30% indicating strong profitability, although there has been some fluctuation. Overall, the company has maintained a healthy level of profitability, with Q1 2022 showing the highest margin at 36.04%. It is important for Gogo Inc to continue monitoring and managing its operating costs to sustain and improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
Gogo Inc
GOGO
31.96%
Calix Inc
CALX
2.46%
Cogent Communications Group Inc
CCOI
-14.60%