Gogo Inc (GOGO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 97,603 | 109,209 | 109,724 | 106,421 | 105,717 | 106,044 | 88,978 | -2,712 | -34,495 | -65,048 | -156,327 | -173,195 | -250,182 | -272,914 | -215,462 | -213,282 | -145,237 | -182,571 | -197,356 | -150,833 |
| 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 |
| Pretax margin | 25.12% | 26.62% | 26.33% | 25.85% | 27.34% | 29.58% | 26.31% | -0.86% | -12.56% | -25.01% | -71.33% | -79.27% | -77.01% | -58.25% | -35.69% | -32.42% | -21.41% | -27.08% | -28.59% | -19.65% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $97,603K ÷ $388,512K
= 25.12%
The pretax margin of Gogo Inc has displayed a relatively stable performance over the past eight quarters, with values ranging between -0.19% in Q1 2022 and 26.77% in Q3 2023. The company experienced a noticeable improvement in Q3 and Q2 2023, achieving pretax margins of 26.77% and 26.42% respectively, reflecting strong profitability before taxes. However, Q4 2023 saw a slight decrease to 24.55%, which is still within a healthy range. It is important to continue monitoring the pretax margin in future quarters to assess the company's ability to generate profits efficiently.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Gogo Inc
GOGO
25.12%
Calix Inc
CALX
3.34%
Cogent Communications Group Inc
CCOI
172.42%