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Side-by-side financial comparison of Gogo Inc. (GOGO) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.

HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $230.6M, roughly 1.2× Gogo Inc.). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -4.3%, a 5.1% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-25.4M).

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...

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

GOGO vs HCM — Head-to-Head

Bigger by revenue
HCM
HCM
1.2× larger
HCM
$270.8M
$230.6M
GOGO
Growing faster (revenue YoY)
GOGO
GOGO
+83.9% gap
GOGO
67.3%
-16.5%
HCM
Higher net margin
HCM
HCM
5.1% more per $
HCM
0.7%
-4.3%
GOGO
More free cash flow
HCM
HCM
$28.8M more FCF
HCM
$3.4M
$-25.4M
GOGO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GOGO
GOGO
HCM
HCM
Revenue
$230.6M
$270.8M
Net Profit
$-10.0M
$2.0M
Gross Margin
37.7%
Operating Margin
6.2%
-13.2%
Net Margin
-4.3%
0.7%
Revenue YoY
67.3%
-16.5%
Net Profit YoY
64.6%
-83.6%
EPS (diluted)
$-0.08
$0.00

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
GOGO
GOGO
HCM
HCM
Q4 25
$230.6M
$270.8M
Q3 25
$223.6M
Q2 25
$226.0M
$277.7M
Q1 25
$230.3M
$324.5M
Q4 24
$137.8M
Q3 24
$100.5M
Q2 24
$102.1M
$305.7M
Q1 24
$104.3M
Net Profit
GOGO
GOGO
HCM
HCM
Q4 25
$-10.0M
$2.0M
Q3 25
$-1.9M
Q2 25
$12.8M
$455.0M
Q1 25
$12.0M
$11.9M
Q4 24
$-28.2M
Q3 24
$10.6M
Q2 24
$839.0K
$25.8M
Q1 24
$30.5M
Gross Margin
GOGO
GOGO
HCM
HCM
Q4 25
37.7%
Q3 25
Q2 25
87.8%
0.1%
Q1 25
87.3%
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Q1 24
Operating Margin
GOGO
GOGO
HCM
HCM
Q4 25
6.2%
-13.2%
Q3 25
12.9%
Q2 25
15.9%
-1.3%
Q1 25
15.3%
-5.0%
Q4 24
-17.5%
Q3 24
19.0%
Q2 24
21.2%
-9.0%
Q1 24
33.2%
Net Margin
GOGO
GOGO
HCM
HCM
Q4 25
-4.3%
0.7%
Q3 25
-0.9%
Q2 25
5.7%
163.8%
Q1 25
5.2%
3.7%
Q4 24
-20.5%
Q3 24
10.6%
Q2 24
0.8%
8.4%
Q1 24
29.2%
EPS (diluted)
GOGO
GOGO
HCM
HCM
Q4 25
$-0.08
$0.00
Q3 25
$-0.01
Q2 25
$0.09
$0.52
Q1 25
$0.09
$0.01
Q4 24
$-0.22
Q3 24
$0.08
Q2 24
$0.01
$0.03
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
GOGO
GOGO
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$125.2M
$1.4B
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$101.1M
$1.2B
Total Assets
$1.3B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOGO
GOGO
HCM
HCM
Q4 25
$125.2M
$1.4B
Q3 25
$133.6M
Q2 25
$102.1M
$1.4B
Q1 25
$70.3M
$836.1M
Q4 24
$41.8M
Q3 24
$176.7M
Q2 24
$161.6M
$802.5M
Q1 24
$152.8M
Total Debt
GOGO
GOGO
HCM
HCM
Q4 25
$93.2M
Q3 25
Q2 25
$93.4M
Q1 25
$82.8M
Q4 24
Q3 24
Q2 24
$82.1M
Q1 24
Stockholders' Equity
GOGO
GOGO
HCM
HCM
Q4 25
$101.1M
$1.2B
Q3 25
$107.0M
Q2 25
$102.8M
$1.2B
Q1 25
$82.9M
$759.9M
Q4 24
$69.3M
Q3 24
$52.7M
Q2 24
$52.0M
$740.1M
Q1 24
$62.4M
Total Assets
GOGO
GOGO
HCM
HCM
Q4 25
$1.3B
$1.8B
Q3 25
$1.3B
Q2 25
$1.3B
$1.8B
Q1 25
$1.2B
$1.3B
Q4 24
$1.2B
Q3 24
$810.7M
Q2 24
$802.7M
$1.3B
Q1 24
$809.0M
Debt / Equity
GOGO
GOGO
HCM
HCM
Q4 25
0.08×
Q3 25
Q2 25
0.08×
Q1 25
0.11×
Q4 24
Q3 24
Q2 24
0.11×
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
GOGO
GOGO
HCM
HCM
Operating Cash FlowLast quarter
$8.5M
$8.2M
Free Cash FlowOCF − Capex
$-25.4M
$3.4M
FCF MarginFCF / Revenue
-11.0%
1.2%
Capex IntensityCapex / Revenue
14.7%
1.8%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$65.1M
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOGO
GOGO
HCM
HCM
Q4 25
$8.5M
$8.2M
Q3 25
$46.8M
Q2 25
$36.7M
$-72.9M
Q1 25
$32.5M
$40.3M
Q4 24
$-38.3M
Q3 24
$25.1M
Q2 24
$24.9M
$-39.8M
Q1 24
$29.7M
Free Cash Flow
GOGO
GOGO
HCM
HCM
Q4 25
$-25.4M
$3.4M
Q3 25
$27.3M
Q2 25
$33.5M
$-82.2M
Q1 25
$29.7M
$32.5M
Q4 24
$-42.6M
Q3 24
$20.7M
Q2 24
$21.6M
$-49.9M
Q1 24
$28.2M
FCF Margin
GOGO
GOGO
HCM
HCM
Q4 25
-11.0%
1.2%
Q3 25
12.2%
Q2 25
14.8%
-29.6%
Q1 25
12.9%
10.0%
Q4 24
-30.9%
Q3 24
20.6%
Q2 24
21.1%
-16.3%
Q1 24
27.0%
Capex Intensity
GOGO
GOGO
HCM
HCM
Q4 25
14.7%
1.8%
Q3 25
8.7%
Q2 25
1.4%
3.3%
Q1 25
1.2%
2.4%
Q4 24
3.1%
Q3 24
4.4%
Q2 24
3.3%
3.3%
Q1 24
1.4%
Cash Conversion
GOGO
GOGO
HCM
HCM
Q4 25
4.21×
Q3 25
Q2 25
2.87×
-0.16×
Q1 25
2.70×
3.38×
Q4 24
Q3 24
2.36×
Q2 24
29.74×
-1.54×
Q1 24
0.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GOGO
GOGO

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

HCM
HCM

Segment breakdown not available.

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