vs
Side-by-side financial comparison of Gogo Inc. (GOGO) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $122.1M, roughly 1.9× NOODLES & Co). Gogo Inc. runs the higher net margin — -4.3% vs -7.5%, a 3.2% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -4.1%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -1.2%).
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...
Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.
GOGO vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $122.1M |
| Net Profit | $-10.0M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | -5.2% |
| Net Margin | -4.3% | -7.5% |
| Revenue YoY | 67.3% | -4.1% |
| Net Profit YoY | 64.6% | 32.8% |
| EPS (diluted) | $-0.08 | $-0.20 |
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 | $122.1M | ||
| Q2 25 | $226.0M | $123.8M | ||
| Q1 25 | $230.3M | — | ||
| Q4 24 | $137.8M | $122.8M | ||
| Q3 24 | $100.5M | $127.4M | ||
| Q2 24 | $102.1M | $121.4M | ||
| Q1 24 | $104.3M | $124.3M |
| Q4 25 | $-10.0M | — | ||
| Q3 25 | $-1.9M | $-9.2M | ||
| Q2 25 | $12.8M | $-9.1M | ||
| Q1 25 | $12.0M | — | ||
| Q4 24 | $-28.2M | $-6.8M | ||
| Q3 24 | $10.6M | $-13.6M | ||
| Q2 24 | $839.0K | $-6.1M | ||
| Q1 24 | $30.5M | $-6.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 12.9% | -5.2% | ||
| Q2 25 | 15.9% | -5.2% | ||
| Q1 25 | 15.3% | — | ||
| Q4 24 | -17.5% | -3.9% | ||
| Q3 24 | 19.0% | -9.0% | ||
| Q2 24 | 21.2% | -3.4% | ||
| Q1 24 | 33.2% | -3.7% |
| Q4 25 | -4.3% | — | ||
| Q3 25 | -0.9% | -7.5% | ||
| Q2 25 | 5.7% | -7.3% | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | -20.5% | -5.5% | ||
| Q3 24 | 10.6% | -10.7% | ||
| Q2 24 | 0.8% | -5.1% | ||
| Q1 24 | 29.2% | -4.9% |
| Q4 25 | $-0.08 | — | ||
| Q3 25 | $-0.01 | $-0.20 | ||
| Q2 25 | $0.09 | $-0.20 | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $-0.22 | $-0.15 | ||
| Q3 24 | $0.08 | $-0.30 | ||
| Q2 24 | $0.01 | $-0.14 | ||
| Q1 24 | $0.23 | $-1.64 |
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 | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $101.1M | $-38.9M |
| Total Assets | $1.3B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | — | ||
| Q3 25 | $133.6M | $4.7M | ||
| Q2 25 | $102.1M | $1.4M | ||
| Q1 25 | $70.3M | — | ||
| Q4 24 | $41.8M | $3.3M | ||
| Q3 24 | $176.7M | $1.8M | ||
| Q2 24 | $161.6M | $1.3M | ||
| Q1 24 | $152.8M | $3.0M |
| Q4 25 | $101.1M | — | ||
| Q3 25 | $107.0M | $-38.9M | ||
| Q2 25 | $102.8M | $-13.9M | ||
| Q1 25 | $82.9M | — | ||
| Q4 24 | $69.3M | $3.7M | ||
| Q3 24 | $52.7M | $9.6M | ||
| Q2 24 | $52.0M | $21.9M | ||
| Q1 24 | $62.4M | $27.2M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $280.6M | ||
| Q2 25 | $1.3B | $319.4M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | $340.5M | ||
| Q3 24 | $810.7M | $346.3M | ||
| Q2 24 | $802.7M | $360.4M | ||
| Q1 24 | $809.0M | $368.1M |
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 | $4.3M |
| Free Cash FlowOCF − Capex | $-25.4M | $-2.8M |
| FCF MarginFCF / Revenue | -11.0% | -2.3% |
| Capex IntensityCapex / Revenue | 14.7% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | — | ||
| Q3 25 | $46.8M | $4.3M | ||
| Q2 25 | $36.7M | $4.0M | ||
| Q1 25 | $32.5M | — | ||
| Q4 24 | $-38.3M | $5.8M | ||
| Q3 24 | $25.1M | $4.7M | ||
| Q2 24 | $24.9M | $7.0M | ||
| Q1 24 | $29.7M | $164.0K |
| Q4 25 | $-25.4M | — | ||
| Q3 25 | $27.3M | $-2.8M | ||
| Q2 25 | $33.5M | $1.1M | ||
| Q1 25 | $29.7M | — | ||
| Q4 24 | $-42.6M | $-1.3M | ||
| Q3 24 | $20.7M | $-4.5M | ||
| Q2 24 | $21.6M | $-1.6M | ||
| Q1 24 | $28.2M | $-15.2M |
| Q4 25 | -11.0% | — | ||
| Q3 25 | 12.2% | -2.3% | ||
| Q2 25 | 14.8% | 0.9% | ||
| Q1 25 | 12.9% | — | ||
| Q4 24 | -30.9% | -1.1% | ||
| Q3 24 | 20.6% | -3.5% | ||
| Q2 24 | 21.1% | -1.4% | ||
| Q1 24 | 27.0% | -12.2% |
| Q4 25 | 14.7% | — | ||
| Q3 25 | 8.7% | 5.8% | ||
| Q2 25 | 1.4% | 2.4% | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 3.1% | 5.8% | ||
| Q3 24 | 4.4% | 7.2% | ||
| Q2 24 | 3.3% | 7.1% | ||
| Q1 24 | 1.4% | 12.3% |
| Q4 25 | — | — | ||
| 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
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
