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Side-by-side financial comparison of Gogo Inc. (GOGO) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $138.9M, roughly 1.7× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 3.2% vs -4.3%, a 7.5% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 4.3%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 6.6%).
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...
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
GOGO vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $138.9M |
| Net Profit | $-10.0M | $4.4M |
| Gross Margin | — | 22.4% |
| Operating Margin | 6.2% | 0.8% |
| Net Margin | -4.3% | 3.2% |
| Revenue YoY | 67.3% | 4.3% |
| Net Profit YoY | 64.6% | — |
| EPS (diluted) | $-0.08 | $0.36 |
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.
| Q1 26 | — | $138.9M | ||
| Q4 25 | $230.6M | $186.9M | ||
| Q3 25 | $223.6M | $184.6M | ||
| Q2 25 | $226.0M | $142.2M | ||
| Q1 25 | $230.3M | $133.1M | ||
| Q4 24 | $137.8M | $143.7M | ||
| Q3 24 | $100.5M | $133.9M | ||
| Q2 24 | $102.1M | $122.2M |
| Q1 26 | — | $4.4M | ||
| Q4 25 | $-10.0M | $12.3M | ||
| Q3 25 | $-1.9M | $8.8M | ||
| Q2 25 | $12.8M | $7.8M | ||
| Q1 25 | $12.0M | $10.2M | ||
| Q4 24 | $-28.2M | $9.8M | ||
| Q3 24 | $10.6M | $7.5M | ||
| Q2 24 | $839.0K | $6.0M |
| Q1 26 | — | 22.4% | ||
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | 87.8% | 28.0% | ||
| Q1 25 | 87.3% | 27.6% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 27.0% | ||
| Q2 24 | — | 27.4% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | 6.2% | 9.4% | ||
| Q3 25 | 12.9% | 7.2% | ||
| Q2 25 | 15.9% | 7.5% | ||
| Q1 25 | 15.3% | 5.9% | ||
| Q4 24 | -17.5% | 9.1% | ||
| Q3 24 | 19.0% | 8.1% | ||
| Q2 24 | 21.2% | 6.7% |
| Q1 26 | — | 3.2% | ||
| Q4 25 | -4.3% | 6.6% | ||
| Q3 25 | -0.9% | 4.8% | ||
| Q2 25 | 5.7% | 5.5% | ||
| Q1 25 | 5.2% | 7.7% | ||
| Q4 24 | -20.5% | 6.9% | ||
| Q3 24 | 10.6% | 5.6% | ||
| Q2 24 | 0.8% | 4.9% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $-0.08 | $1.01 | ||
| Q3 25 | $-0.01 | $0.73 | ||
| Q2 25 | $0.09 | $0.64 | ||
| Q1 25 | $0.09 | $0.85 | ||
| Q4 24 | $-0.22 | $0.81 | ||
| Q3 24 | $0.08 | $0.62 | ||
| Q2 24 | $0.01 | $0.50 |
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 | $15.8M |
| Total DebtLower is stronger | — | $56.6M |
| Stockholders' EquityBook value | $101.1M | $196.3M |
| Total Assets | $1.3B | $377.0M |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $15.8M | ||
| Q4 25 | $125.2M | $11.3M | ||
| Q3 25 | $133.6M | $9.8M | ||
| Q2 25 | $102.1M | $38.9M | ||
| Q1 25 | $70.3M | $38.1M | ||
| Q4 24 | $41.8M | $44.9M | ||
| Q3 24 | $176.7M | $51.2M | ||
| Q2 24 | $161.6M | $59.5M |
| Q1 26 | — | $56.6M | ||
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M |
| Q1 26 | — | $196.3M | ||
| Q4 25 | $101.1M | $195.7M | ||
| Q3 25 | $107.0M | $181.6M | ||
| Q2 25 | $102.8M | $170.5M | ||
| Q1 25 | $82.9M | $161.1M | ||
| Q4 24 | $69.3M | $153.5M | ||
| Q3 24 | $52.7M | $142.2M | ||
| Q2 24 | $52.0M | $133.0M |
| Q1 26 | — | $377.0M | ||
| Q4 25 | $1.3B | $381.1M | ||
| Q3 25 | $1.3B | $409.1M | ||
| Q2 25 | $1.3B | $343.0M | ||
| Q1 25 | $1.2B | $336.4M | ||
| Q4 24 | $1.2B | $352.1M | ||
| Q3 24 | $810.7M | $324.4M | ||
| Q2 24 | $802.7M | $303.9M |
| Q1 26 | — | 0.29× | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× |
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 | — |
| FCF MarginFCF / Revenue | -11.0% | — |
| Capex IntensityCapex / Revenue | 14.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.5M | $28.1M | ||
| Q3 25 | $46.8M | $13.3M | ||
| Q2 25 | $36.7M | $2.0M | ||
| Q1 25 | $32.5M | $2.2M | ||
| Q4 24 | $-38.3M | $19.3M | ||
| Q3 24 | $25.1M | $4.9M | ||
| Q2 24 | $24.9M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-25.4M | $27.9M | ||
| Q3 25 | $27.3M | $12.8M | ||
| Q2 25 | $33.5M | $1.2M | ||
| Q1 25 | $29.7M | $11.0K | ||
| Q4 24 | $-42.6M | $18.0M | ||
| Q3 24 | $20.7M | $4.6M | ||
| Q2 24 | $21.6M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | -11.0% | 14.9% | ||
| Q3 25 | 12.2% | 7.0% | ||
| Q2 25 | 14.8% | 0.8% | ||
| Q1 25 | 12.9% | 0.0% | ||
| Q4 24 | -30.9% | 12.5% | ||
| Q3 24 | 20.6% | 3.4% | ||
| Q2 24 | 21.1% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 14.7% | 0.1% | ||
| Q3 25 | 8.7% | 0.3% | ||
| Q2 25 | 1.4% | 0.6% | ||
| Q1 25 | 1.2% | 1.7% | ||
| Q4 24 | 3.1% | 0.9% | ||
| Q3 24 | 4.4% | 0.3% | ||
| Q2 24 | 3.3% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | 2.87× | 0.26× | ||
| Q1 25 | 2.70× | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 2.36× | 0.66× | ||
| Q2 24 | 29.74× | 2.77× |
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% |
LMB
| ODR | $99.8M | 72% |
| GCR | $39.0M | 28% |
