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Side-by-side financial comparison of Gogo Inc. (GOGO) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $230.6M, roughly 1.7× Gogo Inc.). IDEX Corporation runs the higher net margin — 30.1% vs -4.3%, a 34.5% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 16.7%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -29.4%).
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...
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
GOGO vs IEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $398.4M |
| Net Profit | $-10.0M | $120.0M |
| Gross Margin | — | 99.9% |
| Operating Margin | 6.2% | 43.3% |
| Net Margin | -4.3% | 30.1% |
| Revenue YoY | 67.3% | 16.7% |
| Net Profit YoY | 64.6% | 25.7% |
| EPS (diluted) | $-0.08 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | — | $407.7M | ||
| Q4 25 | $230.6M | $899.1M | ||
| Q3 25 | $223.6M | $878.7M | ||
| Q2 25 | $226.0M | $865.4M | ||
| Q1 25 | $230.3M | $814.3M | ||
| Q4 24 | $137.8M | $862.9M | ||
| Q3 24 | $100.5M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | — | $128.3M | ||
| Q4 25 | $-10.0M | $128.3M | ||
| Q3 25 | $-1.9M | $127.8M | ||
| Q2 25 | $12.8M | $131.6M | ||
| Q1 25 | $12.0M | $95.5M | ||
| Q4 24 | $-28.2M | $123.2M | ||
| Q3 24 | $10.6M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | 87.8% | 45.3% | ||
| Q1 25 | 87.3% | 45.3% | ||
| Q4 24 | — | 42.5% | ||
| Q3 24 | — | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | — | 45.0% | ||
| Q4 25 | 6.2% | 20.4% | ||
| Q3 25 | 12.9% | 21.1% | ||
| Q2 25 | 15.9% | 21.7% | ||
| Q1 25 | 15.3% | 17.4% | ||
| Q4 24 | -17.5% | 19.2% | ||
| Q3 24 | 19.0% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | — | 31.5% | ||
| Q4 25 | -4.3% | 14.3% | ||
| Q3 25 | -0.9% | 14.5% | ||
| Q2 25 | 5.7% | 15.2% | ||
| Q1 25 | 5.2% | 11.7% | ||
| Q4 24 | -20.5% | 14.3% | ||
| Q3 24 | 10.6% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | — | $1.71 | ||
| Q4 25 | $-0.08 | $1.71 | ||
| Q3 25 | $-0.01 | $1.70 | ||
| Q2 25 | $0.09 | $1.74 | ||
| Q1 25 | $0.09 | $1.26 | ||
| Q4 24 | $-0.22 | $1.61 | ||
| Q3 24 | $0.08 | $1.57 |
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 | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $101.1M | $4.0B |
| Total Assets | $1.3B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | — | $580.0M | ||
| Q4 25 | $125.2M | $580.0M | ||
| Q3 25 | $133.6M | $593.8M | ||
| Q2 25 | $102.1M | $568.2M | ||
| Q1 25 | $70.3M | $594.1M | ||
| Q4 24 | $41.8M | $620.8M | ||
| Q3 24 | $176.7M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | — | $4.0B | ||
| Q4 25 | $101.1M | $4.0B | ||
| Q3 25 | $107.0M | $4.0B | ||
| Q2 25 | $102.8M | $4.0B | ||
| Q1 25 | $82.9M | $3.9B | ||
| Q4 24 | $69.3M | $3.8B | ||
| Q3 24 | $52.7M | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | — | $6.9B | ||
| Q4 25 | $1.3B | $6.9B | ||
| Q3 25 | $1.3B | $7.0B | ||
| Q2 25 | $1.3B | $6.9B | ||
| Q1 25 | $1.2B | $6.8B | ||
| Q4 24 | $1.2B | $6.7B | ||
| Q3 24 | $810.7M | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | — |
| Free Cash FlowOCF − Capex | $-25.4M | $86.0M |
| FCF MarginFCF / Revenue | -11.0% | 21.6% |
| Capex IntensityCapex / Revenue | 14.7% | 4.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $8.5M | $209.5M | ||
| Q3 25 | $46.8M | $203.5M | ||
| Q2 25 | $36.7M | $161.7M | ||
| Q1 25 | $32.5M | $105.7M | ||
| Q4 24 | $-38.3M | $172.6M | ||
| Q3 24 | $25.1M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $-25.4M | $189.8M | ||
| Q3 25 | $27.3M | $188.7M | ||
| Q2 25 | $33.5M | $146.9M | ||
| Q1 25 | $29.7M | $91.4M | ||
| Q4 24 | $-42.6M | $157.1M | ||
| Q3 24 | $20.7M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | -11.0% | 21.1% | ||
| Q3 25 | 12.2% | 21.5% | ||
| Q2 25 | 14.8% | 17.0% | ||
| Q1 25 | 12.9% | 11.2% | ||
| Q4 24 | -30.9% | 18.2% | ||
| Q3 24 | 20.6% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | 14.7% | 2.2% | ||
| Q3 25 | 8.7% | 1.7% | ||
| Q2 25 | 1.4% | 1.7% | ||
| Q1 25 | 1.2% | 1.8% | ||
| Q4 24 | 3.1% | 1.8% | ||
| Q3 24 | 4.4% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | 2.87× | 1.23× | ||
| Q1 25 | 2.70× | 1.11× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 2.36× | 1.72× |
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% |
IEX
Segment breakdown not available.
