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Side-by-side financial comparison of Gogo Inc. (GOGO) and HEARTLAND EXPRESS INC (HTLD). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $179.4M, roughly 1.3× HEARTLAND EXPRESS INC). Gogo Inc. runs the higher net margin — -4.3% vs -10.8%, a 6.5% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -26.1%). Gogo Inc. produced more free cash flow last quarter ($-25.4M vs $-44.2M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -18.5%).
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...
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
GOGO vs HTLD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $179.4M |
| Net Profit | $-10.0M | $-19.4M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | -12.7% |
| Net Margin | -4.3% | -10.8% |
| Revenue YoY | 67.3% | -26.1% |
| Net Profit YoY | 64.6% | -949.2% |
| EPS (diluted) | $-0.08 | $-0.24 |
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 | $230.6M | $179.4M | ||
| Q3 25 | $223.6M | $196.5M | ||
| Q2 25 | $226.0M | $210.4M | ||
| Q1 25 | $230.3M | $219.4M | ||
| Q4 24 | $137.8M | $242.6M | ||
| Q3 24 | $100.5M | $259.9M | ||
| Q2 24 | $102.1M | $274.8M | ||
| Q1 24 | $104.3M | $270.3M |
| Q4 25 | $-10.0M | $-19.4M | ||
| Q3 25 | $-1.9M | $-8.3M | ||
| Q2 25 | $12.8M | $-10.9M | ||
| Q1 25 | $12.0M | $-13.9M | ||
| Q4 24 | $-28.2M | $-1.9M | ||
| Q3 24 | $10.6M | $-9.3M | ||
| Q2 24 | $839.0K | $-3.5M | ||
| Q1 24 | $30.5M | $-15.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.2% | -12.7% | ||
| Q3 25 | 12.9% | -3.7% | ||
| Q2 25 | 15.9% | -5.9% | ||
| Q1 25 | 15.3% | -6.8% | ||
| Q4 24 | -17.5% | 0.4% | ||
| Q3 24 | 19.0% | -2.7% | ||
| Q2 24 | 21.2% | 0.1% | ||
| Q1 24 | 33.2% | -5.3% |
| Q4 25 | -4.3% | -10.8% | ||
| Q3 25 | -0.9% | -4.2% | ||
| Q2 25 | 5.7% | -5.2% | ||
| Q1 25 | 5.2% | -6.3% | ||
| Q4 24 | -20.5% | -0.8% | ||
| Q3 24 | 10.6% | -3.6% | ||
| Q2 24 | 0.8% | -1.3% | ||
| Q1 24 | 29.2% | -5.6% |
| Q4 25 | $-0.08 | $-0.24 | ||
| Q3 25 | $-0.01 | $-0.11 | ||
| Q2 25 | $0.09 | $-0.14 | ||
| Q1 25 | $0.09 | $-0.18 | ||
| Q4 24 | $-0.22 | $-0.03 | ||
| Q3 24 | $0.08 | $-0.12 | ||
| Q2 24 | $0.01 | $-0.04 | ||
| Q1 24 | $0.23 | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $125.2M | $18.5M |
| Total DebtLower is stronger | — | $154.1M |
| Stockholders' EquityBook value | $101.1M | $755.3M |
| Total Assets | $1.3B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $18.5M | ||
| Q3 25 | $133.6M | $32.7M | ||
| Q2 25 | $102.1M | $22.9M | ||
| Q1 25 | $70.3M | $23.9M | ||
| Q4 24 | $41.8M | $12.8M | ||
| Q3 24 | $176.7M | $30.7M | ||
| Q2 24 | $161.6M | $23.9M | ||
| Q1 24 | $152.8M | $23.8M |
| Q4 25 | — | $154.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $187.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $101.1M | $755.3M | ||
| Q3 25 | $107.0M | $775.6M | ||
| Q2 25 | $102.8M | $786.7M | ||
| Q1 25 | $82.9M | $807.7M | ||
| Q4 24 | $69.3M | $822.6M | ||
| Q3 24 | $52.7M | $825.7M | ||
| Q2 24 | $52.0M | $836.8M | ||
| Q1 24 | $62.4M | $848.8M |
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $810.7M | $1.4B | ||
| Q2 24 | $802.7M | $1.4B | ||
| Q1 24 | $809.0M | $1.5B |
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.23× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.5M | $14.9M |
| Free Cash FlowOCF − Capex | $-25.4M | $-44.2M |
| FCF MarginFCF / Revenue | -11.0% | -24.6% |
| Capex IntensityCapex / Revenue | 14.7% | 33.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $-66.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $14.9M | ||
| Q3 25 | $46.8M | $27.5M | ||
| Q2 25 | $36.7M | $21.0M | ||
| Q1 25 | $32.5M | $25.8M | ||
| Q4 24 | $-38.3M | $37.8M | ||
| Q3 24 | $25.1M | $35.6M | ||
| Q2 24 | $24.9M | $40.0M | ||
| Q1 24 | $29.7M | $31.0M |
| Q4 25 | $-25.4M | $-44.2M | ||
| Q3 25 | $27.3M | $-12.2M | ||
| Q2 25 | $33.5M | $-12.8M | ||
| Q1 25 | $29.7M | $2.3M | ||
| Q4 24 | $-42.6M | $-45.5M | ||
| Q3 24 | $20.7M | $24.6M | ||
| Q2 24 | $21.6M | $29.4M | ||
| Q1 24 | $28.2M | $26.3M |
| Q4 25 | -11.0% | -24.6% | ||
| Q3 25 | 12.2% | -6.2% | ||
| Q2 25 | 14.8% | -6.1% | ||
| Q1 25 | 12.9% | 1.0% | ||
| Q4 24 | -30.9% | -18.8% | ||
| Q3 24 | 20.6% | 9.5% | ||
| Q2 24 | 21.1% | 10.7% | ||
| Q1 24 | 27.0% | 9.7% |
| Q4 25 | 14.7% | 33.0% | ||
| Q3 25 | 8.7% | 20.2% | ||
| Q2 25 | 1.4% | 16.1% | ||
| Q1 25 | 1.2% | 10.7% | ||
| Q4 24 | 3.1% | 34.3% | ||
| Q3 24 | 4.4% | 4.2% | ||
| Q2 24 | 3.3% | 3.8% | ||
| Q1 24 | 1.4% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.87× | — | ||
| Q1 25 | 2.70× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.36× | — | ||
| Q2 24 | 29.74× | — | ||
| Q1 24 | 0.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
HTLD
Segment breakdown not available.
