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Side-by-side financial comparison of Gogo Inc. (GOGO) and MASIMO CORP (MASI). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $230.6M, roughly 1.6× Gogo Inc.). Gogo Inc. runs the higher net margin — -4.3% vs -27.0%, a 22.7% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -17.7%).
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...
Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.
GOGO vs MASI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $371.5M |
| Net Profit | $-10.0M | $-100.4M |
| Gross Margin | — | 62.1% |
| Operating Margin | 6.2% | 22.5% |
| Net Margin | -4.3% | -27.0% |
| Revenue YoY | 67.3% | -26.4% |
| Net Profit YoY | 64.6% | -1124.5% |
| EPS (diluted) | $-0.08 | $-1.84 |
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 | — | ||
| Q3 25 | $223.6M | $371.5M | ||
| Q2 25 | $226.0M | $370.9M | ||
| Q1 25 | $230.3M | $372.0M | ||
| Q4 24 | $137.8M | $600.7M | ||
| Q3 24 | $100.5M | $504.6M | ||
| Q2 24 | $102.1M | $496.3M | ||
| Q1 24 | $104.3M | $492.8M |
| Q4 25 | $-10.0M | — | ||
| Q3 25 | $-1.9M | $-100.4M | ||
| Q2 25 | $12.8M | $51.3M | ||
| Q1 25 | $12.0M | $-170.7M | ||
| Q4 24 | $-28.2M | $-349.6M | ||
| Q3 24 | $10.6M | $9.8M | ||
| Q2 24 | $839.0K | $16.0M | ||
| Q1 24 | $30.5M | $18.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 62.1% | ||
| Q2 25 | 87.8% | 62.9% | ||
| Q1 25 | 87.3% | 62.9% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 51.3% | ||
| Q1 24 | — | 49.0% |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 12.9% | 22.5% | ||
| Q2 25 | 15.9% | 17.4% | ||
| Q1 25 | 15.3% | 21.0% | ||
| Q4 24 | -17.5% | -59.8% | ||
| Q3 24 | 19.0% | 6.0% | ||
| Q2 24 | 21.2% | 5.7% | ||
| Q1 24 | 33.2% | 6.9% |
| Q4 25 | -4.3% | — | ||
| Q3 25 | -0.9% | -27.0% | ||
| Q2 25 | 5.7% | 13.8% | ||
| Q1 25 | 5.2% | -45.9% | ||
| Q4 24 | -20.5% | -58.2% | ||
| Q3 24 | 10.6% | 1.9% | ||
| Q2 24 | 0.8% | 3.2% | ||
| Q1 24 | 29.2% | 3.8% |
| Q4 25 | $-0.08 | — | ||
| Q3 25 | $-0.01 | $-1.84 | ||
| Q2 25 | $0.09 | $0.94 | ||
| Q1 25 | $0.09 | $-3.12 | ||
| Q4 24 | $-0.22 | $-6.54 | ||
| Q3 24 | $0.08 | $0.18 | ||
| Q2 24 | $0.01 | $0.29 | ||
| 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 | $312.3M |
| Total DebtLower is stronger | — | $559.1M |
| Stockholders' EquityBook value | $101.1M | $810.0M |
| Total Assets | $1.3B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | — | ||
| Q3 25 | $133.6M | $312.3M | ||
| Q2 25 | $102.1M | $149.6M | ||
| Q1 25 | $70.3M | $130.8M | ||
| Q4 24 | $41.8M | $177.6M | ||
| Q3 24 | $176.7M | $158.5M | ||
| Q2 24 | $161.6M | $129.6M | ||
| Q1 24 | $152.8M | $157.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | — | $651.0M | ||
| Q4 24 | — | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | — | $781.6M | ||
| Q1 24 | — | $876.0M |
| Q4 25 | $101.1M | — | ||
| Q3 25 | $107.0M | $810.0M | ||
| Q2 25 | $102.8M | $1.0B | ||
| Q1 25 | $82.9M | $946.4M | ||
| Q4 24 | $69.3M | $1.1B | ||
| Q3 24 | $52.7M | $1.5B | ||
| Q2 24 | $52.0M | $1.4B | ||
| Q1 24 | $62.4M | $1.4B |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $2.4B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | $810.7M | $3.1B | ||
| Q2 24 | $802.7M | $2.9B | ||
| Q1 24 | $809.0M | $3.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $56.8M |
| Free Cash FlowOCF − Capex | $-25.4M | $50.9M |
| FCF MarginFCF / Revenue | -11.0% | 13.7% |
| Capex IntensityCapex / Revenue | 14.7% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | — | ||
| Q3 25 | $46.8M | $56.8M | ||
| Q2 25 | $36.7M | $69.4M | ||
| Q1 25 | $32.5M | $31.1M | ||
| Q4 24 | $-38.3M | $50.5M | ||
| Q3 24 | $25.1M | $25.6M | ||
| Q2 24 | $24.9M | $74.5M | ||
| Q1 24 | $29.7M | $45.8M |
| Q4 25 | $-25.4M | — | ||
| Q3 25 | $27.3M | $50.9M | ||
| Q2 25 | $33.5M | $65.6M | ||
| Q1 25 | $29.7M | $28.5M | ||
| Q4 24 | $-42.6M | $46.0M | ||
| Q3 24 | $20.7M | $16.9M | ||
| Q2 24 | $21.6M | $66.9M | ||
| Q1 24 | $28.2M | $37.6M |
| Q4 25 | -11.0% | — | ||
| Q3 25 | 12.2% | 13.7% | ||
| Q2 25 | 14.8% | 17.7% | ||
| Q1 25 | 12.9% | 7.7% | ||
| Q4 24 | -30.9% | 7.7% | ||
| Q3 24 | 20.6% | 3.3% | ||
| Q2 24 | 21.1% | 13.5% | ||
| Q1 24 | 27.0% | 7.6% |
| Q4 25 | 14.7% | — | ||
| Q3 25 | 8.7% | 1.6% | ||
| Q2 25 | 1.4% | 1.0% | ||
| Q1 25 | 1.2% | 0.7% | ||
| Q4 24 | 3.1% | 0.7% | ||
| Q3 24 | 4.4% | 1.7% | ||
| Q2 24 | 3.3% | 1.5% | ||
| Q1 24 | 1.4% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.87× | 1.35× | ||
| Q1 25 | 2.70× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.36× | 2.61× | ||
| Q2 24 | 29.74× | 4.66× | ||
| Q1 24 | 0.97× | 2.42× |
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% |
MASI
Segment breakdown not available.
