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Side-by-side financial comparison of Gogo Inc. (GOGO) and MATTHEWS INTERNATIONAL CORP (MATW). Click either name above to swap in a different company.

MATTHEWS INTERNATIONAL CORP is the larger business by last-quarter revenue ($284.8M vs $230.6M, roughly 1.2× Gogo Inc.). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs -4.3%, a 19.7% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -29.1%). Gogo Inc. produced more free cash flow last quarter ($-25.4M vs $-57.2M).

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...

Matthews Aurora Funeral Solutions is one of the largest manufacturers of caskets and funerary urns in the United States, selling over 38% of the country's caskets as of 2005. The Aurora, Indiana–based company is a subsidiary of Pittsburgh-based Matthews International. The company makes both wooden and metal caskets and urns for holding cremated remains. It also provides supplies and consulting services for funeral homes.

GOGO vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.2× larger
MATW
$284.8M
$230.6M
GOGO
Growing faster (revenue YoY)
GOGO
GOGO
+96.5% gap
GOGO
67.3%
-29.1%
MATW
Higher net margin
MATW
MATW
19.7% more per $
MATW
15.3%
-4.3%
GOGO
More free cash flow
GOGO
GOGO
$31.8M more FCF
GOGO
$-25.4M
$-57.2M
MATW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GOGO
GOGO
MATW
MATW
Revenue
$230.6M
$284.8M
Net Profit
$-10.0M
$43.6M
Gross Margin
35.0%
Operating Margin
6.2%
34.2%
Net Margin
-4.3%
15.3%
Revenue YoY
67.3%
-29.1%
Net Profit YoY
64.6%
1356.6%
EPS (diluted)
$-0.08
$1.39

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.

Revenue
GOGO
GOGO
MATW
MATW
Q4 25
$230.6M
$284.8M
Q3 25
$223.6M
Q2 25
$226.0M
Q1 25
$230.3M
Q4 24
$137.8M
Q3 24
$100.5M
Q2 24
$102.1M
Q1 24
$104.3M
Net Profit
GOGO
GOGO
MATW
MATW
Q4 25
$-10.0M
$43.6M
Q3 25
$-1.9M
Q2 25
$12.8M
Q1 25
$12.0M
Q4 24
$-28.2M
Q3 24
$10.6M
Q2 24
$839.0K
Q1 24
$30.5M
Gross Margin
GOGO
GOGO
MATW
MATW
Q4 25
35.0%
Q3 25
Q2 25
87.8%
Q1 25
87.3%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
GOGO
GOGO
MATW
MATW
Q4 25
6.2%
34.2%
Q3 25
12.9%
Q2 25
15.9%
Q1 25
15.3%
Q4 24
-17.5%
Q3 24
19.0%
Q2 24
21.2%
Q1 24
33.2%
Net Margin
GOGO
GOGO
MATW
MATW
Q4 25
-4.3%
15.3%
Q3 25
-0.9%
Q2 25
5.7%
Q1 25
5.2%
Q4 24
-20.5%
Q3 24
10.6%
Q2 24
0.8%
Q1 24
29.2%
EPS (diluted)
GOGO
GOGO
MATW
MATW
Q4 25
$-0.08
$1.39
Q3 25
$-0.01
Q2 25
$0.09
Q1 25
$0.09
Q4 24
$-0.22
Q3 24
$0.08
Q2 24
$0.01
Q1 24
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GOGO
GOGO
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$125.2M
$31.4M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$101.1M
$543.2M
Total Assets
$1.3B
$1.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOGO
GOGO
MATW
MATW
Q4 25
$125.2M
$31.4M
Q3 25
$133.6M
Q2 25
$102.1M
Q1 25
$70.3M
Q4 24
$41.8M
Q3 24
$176.7M
Q2 24
$161.6M
Q1 24
$152.8M
Total Debt
GOGO
GOGO
MATW
MATW
Q4 25
$529.8M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GOGO
GOGO
MATW
MATW
Q4 25
$101.1M
$543.2M
Q3 25
$107.0M
Q2 25
$102.8M
Q1 25
$82.9M
Q4 24
$69.3M
Q3 24
$52.7M
Q2 24
$52.0M
Q1 24
$62.4M
Total Assets
GOGO
GOGO
MATW
MATW
Q4 25
$1.3B
$1.6B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$810.7M
Q2 24
$802.7M
Q1 24
$809.0M
Debt / Equity
GOGO
GOGO
MATW
MATW
Q4 25
0.98×
Q3 25
Q2 25
Q1 25
Q4 24
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
GOGO
GOGO
MATW
MATW
Operating Cash FlowLast quarter
$8.5M
$-52.0M
Free Cash FlowOCF − Capex
$-25.4M
$-57.2M
FCF MarginFCF / Revenue
-11.0%
-20.1%
Capex IntensityCapex / Revenue
14.7%
1.8%
Cash ConversionOCF / Net Profit
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$65.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOGO
GOGO
MATW
MATW
Q4 25
$8.5M
$-52.0M
Q3 25
$46.8M
Q2 25
$36.7M
Q1 25
$32.5M
Q4 24
$-38.3M
Q3 24
$25.1M
Q2 24
$24.9M
Q1 24
$29.7M
Free Cash Flow
GOGO
GOGO
MATW
MATW
Q4 25
$-25.4M
$-57.2M
Q3 25
$27.3M
Q2 25
$33.5M
Q1 25
$29.7M
Q4 24
$-42.6M
Q3 24
$20.7M
Q2 24
$21.6M
Q1 24
$28.2M
FCF Margin
GOGO
GOGO
MATW
MATW
Q4 25
-11.0%
-20.1%
Q3 25
12.2%
Q2 25
14.8%
Q1 25
12.9%
Q4 24
-30.9%
Q3 24
20.6%
Q2 24
21.1%
Q1 24
27.0%
Capex Intensity
GOGO
GOGO
MATW
MATW
Q4 25
14.7%
1.8%
Q3 25
8.7%
Q2 25
1.4%
Q1 25
1.2%
Q4 24
3.1%
Q3 24
4.4%
Q2 24
3.3%
Q1 24
1.4%
Cash Conversion
GOGO
GOGO
MATW
MATW
Q4 25
-1.19×
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
GOGO

Services$191.9M83%
Products$38.7M17%
Fcc Reimbursement Program$2.0M1%

MATW
MATW

Segment breakdown not available.

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