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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $230.6M, roughly 1.0× Gogo Inc.). On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 15.1%). ASTRONICS CORP produced more free cash flow last quarter ($15.8M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 13.9%).
Astronics Corporation is an American aerospace electronics corporation founded in 1968, headquartered in East Aurora, New York. It is traded on NASDAQ as Nasdaq: ATRO. It is known for lighting and electronics integrations on military, commercial, and business aircraft and semiconductor test systems.
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
ATRO vs GOGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $230.6M |
| Net Profit | — | $-10.0M |
| Gross Margin | 33.3% | — |
| Operating Margin | 14.8% | 6.2% |
| Net Margin | — | -4.3% |
| Revenue YoY | 15.1% | 67.3% |
| Net Profit YoY | — | 64.6% |
| EPS (diluted) | $0.82 | $-0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $240.1M | $230.6M | ||
| Q3 25 | $211.4M | $223.6M | ||
| Q2 25 | $204.7M | $226.0M | ||
| Q1 25 | $205.9M | $230.3M | ||
| Q4 24 | $208.5M | $137.8M | ||
| Q3 24 | $203.7M | $100.5M | ||
| Q2 24 | $198.1M | $102.1M | ||
| Q1 24 | $185.1M | $104.3M |
| Q4 25 | — | $-10.0M | ||
| Q3 25 | $-11.1M | $-1.9M | ||
| Q2 25 | $1.3M | $12.8M | ||
| Q1 25 | $9.5M | $12.0M | ||
| Q4 24 | — | $-28.2M | ||
| Q3 24 | $-11.7M | $10.6M | ||
| Q2 24 | $1.5M | $839.0K | ||
| Q1 24 | $-3.2M | $30.5M |
| Q4 25 | 33.3% | — | ||
| Q3 25 | 30.5% | — | ||
| Q2 25 | 25.8% | 87.8% | ||
| Q1 25 | 29.5% | 87.3% | ||
| Q4 24 | 29.8% | — | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 28.0% | — | ||
| Q1 24 | 25.7% | — |
| Q4 25 | 14.8% | 6.2% | ||
| Q3 25 | 10.9% | 12.9% | ||
| Q2 25 | 2.3% | 15.9% | ||
| Q1 25 | 6.4% | 15.3% | ||
| Q4 24 | 4.3% | -17.5% | ||
| Q3 24 | 4.1% | 19.0% | ||
| Q2 24 | 3.8% | 21.2% | ||
| Q1 24 | 0.9% | 33.2% |
| Q4 25 | — | -4.3% | ||
| Q3 25 | -5.2% | -0.9% | ||
| Q2 25 | 0.6% | 5.7% | ||
| Q1 25 | 4.6% | 5.2% | ||
| Q4 24 | — | -20.5% | ||
| Q3 24 | -5.8% | 10.6% | ||
| Q2 24 | 0.8% | 0.8% | ||
| Q1 24 | -1.7% | 29.2% |
| Q4 25 | $0.82 | $-0.08 | ||
| Q3 25 | $-0.31 | $-0.01 | ||
| Q2 25 | $0.04 | $0.09 | ||
| Q1 25 | $0.26 | $0.09 | ||
| Q4 24 | $-0.07 | $-0.22 | ||
| Q3 24 | $-0.34 | $0.08 | ||
| Q2 24 | $0.04 | $0.01 | ||
| Q1 24 | $-0.09 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.2M | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $140.1M | $101.1M |
| Total Assets | $706.7M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $125.2M | ||
| Q3 25 | $13.5M | $133.6M | ||
| Q2 25 | $13.5M | $102.1M | ||
| Q1 25 | $24.8M | $70.3M | ||
| Q4 24 | $9.3M | $41.8M | ||
| Q3 24 | $5.2M | $176.7M | ||
| Q2 24 | $2.9M | $161.6M | ||
| Q1 24 | $5.3M | $152.8M |
| Q4 25 | $140.1M | $101.1M | ||
| Q3 25 | $108.9M | $107.0M | ||
| Q2 25 | $271.6M | $102.8M | ||
| Q1 25 | $266.8M | $82.9M | ||
| Q4 24 | $256.1M | $69.3M | ||
| Q3 24 | $249.2M | $52.7M | ||
| Q2 24 | $257.9M | $52.0M | ||
| Q1 24 | $251.7M | $62.4M |
| Q4 25 | $706.7M | $1.3B | ||
| Q3 25 | $682.2M | $1.3B | ||
| Q2 25 | $646.7M | $1.3B | ||
| Q1 25 | $662.2M | $1.2B | ||
| Q4 24 | $648.8M | $1.2B | ||
| Q3 24 | $651.6M | $810.7M | ||
| Q2 24 | $644.9M | $802.7M | ||
| Q1 24 | $630.0M | $809.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.6M | $8.5M |
| Free Cash FlowOCF − Capex | $15.8M | $-25.4M |
| FCF MarginFCF / Revenue | 6.6% | -11.0% |
| Capex IntensityCapex / Revenue | 4.9% | 14.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $8.5M | ||
| Q3 25 | $34.2M | $46.8M | ||
| Q2 25 | $-7.6M | $36.7M | ||
| Q1 25 | $20.6M | $32.5M | ||
| Q4 24 | $26.4M | $-38.3M | ||
| Q3 24 | $8.4M | $25.1M | ||
| Q2 24 | $-6.3M | $24.9M | ||
| Q1 24 | $2.0M | $29.7M |
| Q4 25 | $15.8M | $-25.4M | ||
| Q3 25 | $21.0M | $27.3M | ||
| Q2 25 | $-12.2M | $33.5M | ||
| Q1 25 | $18.5M | $29.7M | ||
| Q4 24 | $23.2M | $-42.6M | ||
| Q3 24 | $6.5M | $20.7M | ||
| Q2 24 | $-8.1M | $21.6M | ||
| Q1 24 | $439.0K | $28.2M |
| Q4 25 | 6.6% | -11.0% | ||
| Q3 25 | 9.9% | 12.2% | ||
| Q2 25 | -6.0% | 14.8% | ||
| Q1 25 | 9.0% | 12.9% | ||
| Q4 24 | 11.1% | -30.9% | ||
| Q3 24 | 3.2% | 20.6% | ||
| Q2 24 | -4.1% | 21.1% | ||
| Q1 24 | 0.2% | 27.0% |
| Q4 25 | 4.9% | 14.7% | ||
| Q3 25 | 6.2% | 8.7% | ||
| Q2 25 | 2.2% | 1.4% | ||
| Q1 25 | 1.0% | 1.2% | ||
| Q4 24 | 1.5% | 3.1% | ||
| Q3 24 | 0.9% | 4.4% | ||
| Q2 24 | 0.9% | 3.3% | ||
| Q1 24 | 0.9% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -5.81× | 2.87× | ||
| Q1 25 | 2.17× | 2.70× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | -4.08× | 29.74× | ||
| Q1 24 | — | 0.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATRO
| Product Line Electrical Power And Motion | $113.8M | 47% |
| Product Line Avionics | $32.0M | 13% |
| Military Aircraft | $28.0M | 12% |
| General Aviation | $22.3M | 9% |
| Government And Defense | $20.5M | 9% |
| Product Line Systems Certification | $13.2M | 6% |
| Product Line Structures | $3.7M | 2% |
| Product Line Other | $2.3M | 1% |
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
