Gogo Inc (GOGO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 18,134 | 73,637 | 89,126 | 114,177 | 97,603 | 109,209 | 109,724 | 106,421 | 105,717 | 96,472 | 88,177 | -659 | -30,641 | -68,547 | -97,363 | -117,108 | -195,880 | -201,507 | -215,230 | -213,027 |
| 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 |
| Pretax margin | 4.08% | 18.19% | 22.16% | 28.31% | 24.55% | 26.77% | 26.42% | 25.96% | 26.16% | 24.85% | 23.83% | -0.19% | -9.13% | -21.35% | -32.41% | -37.22% | -46.06% | -35.42% | -30.59% | -25.96% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $18,134K ÷ $444,709K
= 4.08%
The pretax margin of Gogo Inc showed a volatile trend over the analyzed periods. It started with negative margins in March 2020 (-25.96%), decreasing further by June 2020 (-30.59%), September 2020 (-35.42%), and hitting the lowest point by December 2020 (-46.06%). Subsequently, there was a slight recovery by March 2021 (-37.22%) but a decline again by June 2021 (-32.41%) and September 2021 (-21.35%).
The trend reversed positively from December 2021 (-9.13%) with a notable increase by June 2022 (23.83%) and September 2022 (24.85%). The pretax margin continued to improve by December 2022 (26.16%) and March 2023 (25.96%), reaching its highest point in September 2023 (26.77%).
However, there was a slight decline by December 2023 (24.55%) and March 2024 (28.31%), followed by a notable drop by June 2024 (22.16%) and September 2024 (18.19%). The pretax margin significantly decreased by December 2024 (4.08%), indicating a possible negative impact on Gogo Inc's profitability at the end of the period.
Peer comparison
Dec 31, 2024