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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Gogo Inc. (GOGO). Click either name above to swap in a different company.

Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $164.3M, roughly 1.4× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -4.3%, a 21.8% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 14.8%). Gogo Inc. produced more free cash flow last quarter ($-25.4M vs $-36.0M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 10.2%).

American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.

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...

AWR vs GOGO — Head-to-Head

Bigger by revenue
GOGO
GOGO
1.4× larger
GOGO
$230.6M
$164.3M
AWR
Growing faster (revenue YoY)
GOGO
GOGO
+52.5% gap
GOGO
67.3%
14.8%
AWR
Higher net margin
AWR
AWR
21.8% more per $
AWR
17.5%
-4.3%
GOGO
More free cash flow
GOGO
GOGO
$10.6M more FCF
GOGO
$-25.4M
$-36.0M
AWR
Faster 2-yr revenue CAGR
GOGO
GOGO
Annualised
GOGO
48.7%
10.2%
AWR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWR
AWR
GOGO
GOGO
Revenue
$164.3M
$230.6M
Net Profit
$28.7M
$-10.0M
Gross Margin
88.9%
Operating Margin
27.4%
6.2%
Net Margin
17.5%
-4.3%
Revenue YoY
14.8%
67.3%
Net Profit YoY
1.1%
64.6%
EPS (diluted)
$0.74
$-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.

Revenue
AWR
AWR
GOGO
GOGO
Q4 25
$164.3M
$230.6M
Q3 25
$182.7M
$223.6M
Q2 25
$163.1M
$226.0M
Q1 25
$148.0M
$230.3M
Q4 24
$143.1M
$137.8M
Q3 24
$161.8M
$100.5M
Q2 24
$155.3M
$102.1M
Q1 24
$135.3M
$104.3M
Net Profit
AWR
AWR
GOGO
GOGO
Q4 25
$28.7M
$-10.0M
Q3 25
$41.2M
$-1.9M
Q2 25
$33.7M
$12.8M
Q1 25
$26.8M
$12.0M
Q4 24
$28.4M
$-28.2M
Q3 24
$35.8M
$10.6M
Q2 24
$31.9M
$839.0K
Q1 24
$23.1M
$30.5M
Gross Margin
AWR
AWR
GOGO
GOGO
Q4 25
88.9%
Q3 25
91.0%
Q2 25
92.1%
87.8%
Q1 25
91.3%
87.3%
Q4 24
92.4%
Q3 24
92.7%
Q2 24
89.6%
Q1 24
88.4%
Operating Margin
AWR
AWR
GOGO
GOGO
Q4 25
27.4%
6.2%
Q3 25
33.8%
12.9%
Q2 25
31.3%
15.9%
Q1 25
30.8%
15.3%
Q4 24
27.0%
-17.5%
Q3 24
34.0%
19.0%
Q2 24
33.3%
21.2%
Q1 24
28.8%
33.2%
Net Margin
AWR
AWR
GOGO
GOGO
Q4 25
17.5%
-4.3%
Q3 25
22.5%
-0.9%
Q2 25
20.7%
5.7%
Q1 25
18.1%
5.2%
Q4 24
19.9%
-20.5%
Q3 24
22.1%
10.6%
Q2 24
20.5%
0.8%
Q1 24
17.1%
29.2%
EPS (diluted)
AWR
AWR
GOGO
GOGO
Q4 25
$0.74
$-0.08
Q3 25
$1.06
$-0.01
Q2 25
$0.87
$0.09
Q1 25
$0.70
$0.09
Q4 24
$0.75
$-0.22
Q3 24
$0.95
$0.08
Q2 24
$0.85
$0.01
Q1 24
$0.62
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AWR
AWR
GOGO
GOGO
Cash + ST InvestmentsLiquidity on hand
$18.8M
$125.2M
Total DebtLower is stronger
$782.7M
Stockholders' EquityBook value
$1.0B
$101.1M
Total Assets
$2.7B
$1.3B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWR
AWR
GOGO
GOGO
Q4 25
$18.8M
$125.2M
Q3 25
$26.1M
$133.6M
Q2 25
$20.2M
$102.1M
Q1 25
$21.2M
$70.3M
Q4 24
$26.7M
$41.8M
Q3 24
$16.5M
$176.7M
Q2 24
$3.6M
$161.6M
Q1 24
$17.0M
$152.8M
Total Debt
AWR
AWR
GOGO
GOGO
Q4 25
$782.7M
Q3 25
Q2 25
Q1 25
Q4 24
$640.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AWR
AWR
GOGO
GOGO
Q4 25
$1.0B
$101.1M
Q3 25
$1.0B
$107.0M
Q2 25
$972.5M
$102.8M
Q1 25
$956.4M
$82.9M
Q4 24
$920.1M
$69.3M
Q3 24
$879.5M
$52.7M
Q2 24
$833.5M
$52.0M
Q1 24
$800.5M
$62.4M
Total Assets
AWR
AWR
GOGO
GOGO
Q4 25
$2.7B
$1.3B
Q3 25
$2.7B
$1.3B
Q2 25
$2.6B
$1.3B
Q1 25
$2.5B
$1.2B
Q4 24
$2.5B
$1.2B
Q3 24
$2.4B
$810.7M
Q2 24
$2.3B
$802.7M
Q1 24
$2.3B
$809.0M
Debt / Equity
AWR
AWR
GOGO
GOGO
Q4 25
0.75×
Q3 25
Q2 25
Q1 25
Q4 24
0.70×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AWR
AWR
GOGO
GOGO
Operating Cash FlowLast quarter
$27.7M
$8.5M
Free Cash FlowOCF − Capex
$-36.0M
$-25.4M
FCF MarginFCF / Revenue
-21.9%
-11.0%
Capex IntensityCapex / Revenue
38.8%
14.7%
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters
$-7.1M
$65.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWR
AWR
GOGO
GOGO
Q4 25
$27.7M
$8.5M
Q3 25
$92.4M
$46.8M
Q2 25
$64.6M
$36.7M
Q1 25
$45.1M
$32.5M
Q4 24
$64.5M
$-38.3M
Q3 24
$63.7M
$25.1M
Q2 24
$24.7M
$24.9M
Q1 24
$45.8M
$29.7M
Free Cash Flow
AWR
AWR
GOGO
GOGO
Q4 25
$-36.0M
$-25.4M
Q3 25
$37.7M
$27.3M
Q2 25
$13.7M
$33.5M
Q1 25
$-22.5M
$29.7M
Q4 24
$6.0M
$-42.6M
Q3 24
$-478.0K
$20.7M
Q2 24
$-37.0M
$21.6M
Q1 24
$-1.7M
$28.2M
FCF Margin
AWR
AWR
GOGO
GOGO
Q4 25
-21.9%
-11.0%
Q3 25
20.7%
12.2%
Q2 25
8.4%
14.8%
Q1 25
-15.2%
12.9%
Q4 24
4.2%
-30.9%
Q3 24
-0.3%
20.6%
Q2 24
-23.8%
21.1%
Q1 24
-1.3%
27.0%
Capex Intensity
AWR
AWR
GOGO
GOGO
Q4 25
38.8%
14.7%
Q3 25
29.9%
8.7%
Q2 25
31.2%
1.4%
Q1 25
45.6%
1.2%
Q4 24
40.9%
3.1%
Q3 24
39.7%
4.4%
Q2 24
39.8%
3.3%
Q1 24
35.2%
1.4%
Cash Conversion
AWR
AWR
GOGO
GOGO
Q4 25
0.96×
Q3 25
2.24×
Q2 25
1.92×
2.87×
Q1 25
1.68×
2.70×
Q4 24
2.27×
Q3 24
1.78×
2.36×
Q2 24
0.78×
29.74×
Q1 24
1.98×
0.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AWR
AWR

Water Service Utility Operations$110.0M67%
Public Utilities Inventory Water$22.3M14%
Wastewater$15.9M10%
Electric Service Utility Operations$15.2M9%

GOGO
GOGO

Services$191.9M83%
Products$38.7M17%
Fcc Reimbursement Program$2.0M1%

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