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Side-by-side financial comparison of Gogo Inc. (GOGO) and MEDICAL PROPERTIES TRUST INC (MPW). Click either name above to swap in a different company.

MEDICAL PROPERTIES TRUST INC is the larger business by last-quarter revenue ($270.3M vs $230.6M, roughly 1.2× Gogo Inc.). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -4.3%, a 10.8% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 16.6%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -0.2%).

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...

Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...

GOGO vs MPW — Head-to-Head

Bigger by revenue
MPW
MPW
1.2× larger
MPW
$270.3M
$230.6M
GOGO
Growing faster (revenue YoY)
GOGO
GOGO
+50.7% gap
GOGO
67.3%
16.6%
MPW
Higher net margin
MPW
MPW
10.8% more per $
MPW
6.5%
-4.3%
GOGO
Faster 2-yr revenue CAGR
GOGO
GOGO
Annualised
GOGO
48.7%
-0.2%
MPW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GOGO
GOGO
MPW
MPW
Revenue
$230.6M
$270.3M
Net Profit
$-10.0M
$17.6M
Gross Margin
95.8%
Operating Margin
6.2%
9.7%
Net Margin
-4.3%
6.5%
Revenue YoY
67.3%
16.6%
Net Profit YoY
64.6%
104.3%
EPS (diluted)
$-0.08
$0.03

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
MPW
MPW
Q4 25
$230.6M
$270.3M
Q3 25
$223.6M
$237.5M
Q2 25
$226.0M
$240.4M
Q1 25
$230.3M
$223.8M
Q4 24
$137.8M
$231.8M
Q3 24
$100.5M
$225.8M
Q2 24
$102.1M
$266.6M
Q1 24
$104.3M
$271.3M
Net Profit
GOGO
GOGO
MPW
MPW
Q4 25
$-10.0M
$17.6M
Q3 25
$-1.9M
$-77.7M
Q2 25
$12.8M
$-98.4M
Q1 25
$12.0M
$-118.3M
Q4 24
$-28.2M
$-412.3M
Q3 24
$10.6M
$-801.2M
Q2 24
$839.0K
$-320.6M
Q1 24
$30.5M
$-875.6M
Gross Margin
GOGO
GOGO
MPW
MPW
Q4 25
95.8%
Q3 25
Q2 25
87.8%
91.8%
Q1 25
87.3%
63.6%
Q4 24
90.9%
Q3 24
96.5%
Q2 24
98.4%
Q1 24
84.9%
Operating Margin
GOGO
GOGO
MPW
MPW
Q4 25
6.2%
9.7%
Q3 25
12.9%
-28.0%
Q2 25
15.9%
-36.7%
Q1 25
15.3%
-48.5%
Q4 24
-17.5%
-173.7%
Q3 24
19.0%
-350.7%
Q2 24
21.2%
-114.5%
Q1 24
33.2%
-318.6%
Net Margin
GOGO
GOGO
MPW
MPW
Q4 25
-4.3%
6.5%
Q3 25
-0.9%
-32.7%
Q2 25
5.7%
-40.9%
Q1 25
5.2%
-52.8%
Q4 24
-20.5%
-177.8%
Q3 24
10.6%
-354.8%
Q2 24
0.8%
-120.3%
Q1 24
29.2%
-322.7%
EPS (diluted)
GOGO
GOGO
MPW
MPW
Q4 25
$-0.08
$0.03
Q3 25
$-0.01
$-0.13
Q2 25
$0.09
$-0.16
Q1 25
$0.09
$-0.20
Q4 24
$-0.22
$-0.68
Q3 24
$0.08
$-1.34
Q2 24
$0.01
$-0.54
Q1 24
$0.23
$-1.46

Balance Sheet & Financial Strength

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

Metric
GOGO
GOGO
MPW
MPW
Cash + ST InvestmentsLiquidity on hand
$125.2M
$540.9M
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$101.1M
$4.6B
Total Assets
$1.3B
$15.0B
Debt / EquityLower = less leverage
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOGO
GOGO
MPW
MPW
Q4 25
$125.2M
$540.9M
Q3 25
$133.6M
$396.6M
Q2 25
$102.1M
$509.8M
Q1 25
$70.3M
$673.5M
Q4 24
$41.8M
$332.3M
Q3 24
$176.7M
$275.6M
Q2 24
$161.6M
$606.5M
Q1 24
$152.8M
$224.3M
Total Debt
GOGO
GOGO
MPW
MPW
Q4 25
$9.7B
Q3 25
$9.6B
Q2 25
$9.6B
Q1 25
$9.5B
Q4 24
$8.8B
Q3 24
$9.2B
Q2 24
$9.4B
Q1 24
$10.1B
Stockholders' Equity
GOGO
GOGO
MPW
MPW
Q4 25
$101.1M
$4.6B
Q3 25
$107.0M
$4.7B
Q2 25
$102.8M
$4.8B
Q1 25
$82.9M
$4.8B
Q4 24
$69.3M
$4.8B
Q3 24
$52.7M
$5.4B
Q2 24
$52.0M
$6.2B
Q1 24
$62.4M
$6.7B
Total Assets
GOGO
GOGO
MPW
MPW
Q4 25
$1.3B
$15.0B
Q3 25
$1.3B
$14.9B
Q2 25
$1.3B
$15.2B
Q1 25
$1.2B
$14.9B
Q4 24
$1.2B
$14.3B
Q3 24
$810.7M
$15.2B
Q2 24
$802.7M
$16.2B
Q1 24
$809.0M
$17.3B
Debt / Equity
GOGO
GOGO
MPW
MPW
Q4 25
2.11×
Q3 25
2.06×
Q2 25
2.00×
Q1 25
1.99×
Q4 24
1.83×
Q3 24
1.69×
Q2 24
1.51×
Q1 24
1.51×

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
MPW
MPW
Operating Cash FlowLast quarter
$8.5M
$230.8M
Free Cash FlowOCF − Capex
$-25.4M
FCF MarginFCF / Revenue
-11.0%
Capex IntensityCapex / Revenue
14.7%
Cash ConversionOCF / Net Profit
13.11×
TTM Free Cash FlowTrailing 4 quarters
$65.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOGO
GOGO
MPW
MPW
Q4 25
$8.5M
$230.8M
Q3 25
$46.8M
$18.6M
Q2 25
$36.7M
$51.7M
Q1 25
$32.5M
$384.0K
Q4 24
$-38.3M
$245.5M
Q3 24
$25.1M
$59.2M
Q2 24
$24.9M
$35.3M
Q1 24
$29.7M
$74.3M
Free Cash Flow
GOGO
GOGO
MPW
MPW
Q4 25
$-25.4M
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
MPW
MPW
Q4 25
-11.0%
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
MPW
MPW
Q4 25
14.7%
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
MPW
MPW
Q4 25
13.11×
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%

MPW
MPW

Segment breakdown not available.

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