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Side-by-side financial comparison of Gogo Inc. (GOGO) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $159.9M, roughly 1.4× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -4.3%, a 9.1% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 23.3%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 12.0%).
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...
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
GOGO vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $159.9M |
| Net Profit | $-10.0M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | 6.2% | 6.0% |
| Net Margin | -4.3% | 4.7% |
| Revenue YoY | 67.3% | 23.3% |
| Net Profit YoY | 64.6% | 602.4% |
| EPS (diluted) | $-0.08 | $0.39 |
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 | $159.9M | ||
| Q3 25 | $223.6M | $177.4M | ||
| Q2 25 | $226.0M | $179.9M | ||
| Q1 25 | $230.3M | $160.7M | ||
| Q4 24 | $137.8M | $129.7M | ||
| Q3 24 | $100.5M | $134.3M | ||
| Q2 24 | $102.1M | $145.8M | ||
| Q1 24 | $104.3M | $127.4M |
| Q4 25 | $-10.0M | $7.6M | ||
| Q3 25 | $-1.9M | $14.6M | ||
| Q2 25 | $12.8M | $15.2M | ||
| Q1 25 | $12.0M | $10.2M | ||
| Q4 24 | $-28.2M | $1.1M | ||
| Q3 24 | $10.6M | $4.7M | ||
| Q2 24 | $839.0K | $6.6M | ||
| Q1 24 | $30.5M | $6.9M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | 87.8% | 17.1% | ||
| Q1 25 | 87.3% | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | 6.2% | 6.0% | ||
| Q3 25 | 12.9% | 10.8% | ||
| Q2 25 | 15.9% | 11.0% | ||
| Q1 25 | 15.3% | 8.3% | ||
| Q4 24 | -17.5% | 1.1% | ||
| Q3 24 | 19.0% | 4.5% | ||
| Q2 24 | 21.2% | 6.0% | ||
| Q1 24 | 33.2% | 7.0% |
| Q4 25 | -4.3% | 4.7% | ||
| Q3 25 | -0.9% | 8.2% | ||
| Q2 25 | 5.7% | 8.4% | ||
| Q1 25 | 5.2% | 6.4% | ||
| Q4 24 | -20.5% | 0.8% | ||
| Q3 24 | 10.6% | 3.5% | ||
| Q2 24 | 0.8% | 4.5% | ||
| Q1 24 | 29.2% | 5.4% |
| Q4 25 | $-0.08 | $0.39 | ||
| Q3 25 | $-0.01 | $0.74 | ||
| Q2 25 | $0.09 | $0.78 | ||
| Q1 25 | $0.09 | $0.52 | ||
| Q4 24 | $-0.22 | $0.06 | ||
| Q3 24 | $0.08 | $0.24 | ||
| Q2 24 | $0.01 | $0.34 | ||
| Q1 24 | $0.23 | $0.35 |
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 | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $101.1M | $358.8M |
| Total Assets | $1.3B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $15.6M | ||
| Q3 25 | $133.6M | $38.6M | ||
| Q2 25 | $102.1M | $53.7M | ||
| Q1 25 | $70.3M | $28.4M | ||
| Q4 24 | $41.8M | $36.0M | ||
| Q3 24 | $176.7M | $111.5M | ||
| Q2 24 | $161.6M | $97.7M | ||
| Q1 24 | $152.8M | $83.9M |
| Q4 25 | $101.1M | $358.8M | ||
| Q3 25 | $107.0M | $371.5M | ||
| Q2 25 | $102.8M | $356.2M | ||
| Q1 25 | $82.9M | $341.4M | ||
| Q4 24 | $69.3M | $331.6M | ||
| Q3 24 | $52.7M | $350.9M | ||
| Q2 24 | $52.0M | $346.0M | ||
| Q1 24 | $62.4M | $340.6M |
| Q4 25 | $1.3B | $456.1M | ||
| Q3 25 | $1.3B | $462.6M | ||
| Q2 25 | $1.3B | $471.9M | ||
| Q1 25 | $1.2B | $421.9M | ||
| Q4 24 | $1.2B | $404.7M | ||
| Q3 24 | $810.7M | $422.6M | ||
| Q2 24 | $802.7M | $414.6M | ||
| Q1 24 | $809.0M | $397.2M |
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 | $-701.0K |
| Free Cash FlowOCF − Capex | $-25.4M | $-2.2M |
| FCF MarginFCF / Revenue | -11.0% | -1.4% |
| Capex IntensityCapex / Revenue | 14.7% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $-701.0K | ||
| Q3 25 | $46.8M | $-17.0M | ||
| Q2 25 | $36.7M | $28.5M | ||
| Q1 25 | $32.5M | $-3.3M | ||
| Q4 24 | $-38.3M | $19.0M | ||
| Q3 24 | $25.1M | $16.2M | ||
| Q2 24 | $24.9M | $18.8M | ||
| Q1 24 | $29.7M | $1.4M |
| Q4 25 | $-25.4M | $-2.2M | ||
| Q3 25 | $27.3M | $-18.7M | ||
| Q2 25 | $33.5M | $26.9M | ||
| Q1 25 | $29.7M | $-5.5M | ||
| Q4 24 | $-42.6M | $16.3M | ||
| Q3 24 | $20.7M | $14.5M | ||
| Q2 24 | $21.6M | $15.5M | ||
| Q1 24 | $28.2M | $-580.0K |
| Q4 25 | -11.0% | -1.4% | ||
| Q3 25 | 12.2% | -10.6% | ||
| Q2 25 | 14.8% | 15.0% | ||
| Q1 25 | 12.9% | -3.5% | ||
| Q4 24 | -30.9% | 12.6% | ||
| Q3 24 | 20.6% | 10.8% | ||
| Q2 24 | 21.1% | 10.7% | ||
| Q1 24 | 27.0% | -0.5% |
| Q4 25 | 14.7% | 0.9% | ||
| Q3 25 | 8.7% | 1.0% | ||
| Q2 25 | 1.4% | 0.9% | ||
| Q1 25 | 1.2% | 1.4% | ||
| Q4 24 | 3.1% | 2.1% | ||
| Q3 24 | 4.4% | 1.3% | ||
| Q2 24 | 3.3% | 2.2% | ||
| Q1 24 | 1.4% | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | 2.87× | 1.88× | ||
| Q1 25 | 2.70× | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | 2.36× | 3.48× | ||
| Q2 24 | 29.74× | 2.86× | ||
| Q1 24 | 0.97× | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
