Gogo Inc (GOGO)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 18,134 | 97,603 | 105,717 | -30,641 | -48,705 |
| Revenue | US$ in thousands | 444,709 | 397,577 | 404,067 | 335,716 | 269,718 |
| Pretax margin | 4.08% | 24.55% | 26.16% | -9.13% | -18.06% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $18,134K ÷ $444,709K
= 4.08%
The pretax margin of Gogo Inc has shown fluctuating trends over the years based on the provided data. In 2020, the company experienced a significant decline with a pretax margin of -18.06%, indicating that its expenses exceeded its revenues before accounting for income taxes. However, by the end of 2021, there was an improvement in the pretax margin, although still negative at -9.13%.
The financial performance notably turned around in 2022, as the pretax margin surged to 26.16%, signifying a substantial increase in profitability and efficient cost management. This positive momentum continued in 2023 with a pretax margin of 24.55%, demonstrating sustained profitability for the company.
However, by the end of 2024, there was a slight dip in the pretax margin to 4.08%, indicating a potential decrease in profitability compared to the previous year. Overall, Gogo Inc's pretax margin reflects the company's ability to generate profits before taxes, showing variations in operational efficiency and financial performance over the years.
Peer comparison
Dec 31, 2024