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Side-by-side financial comparison of Gogo Inc. (GOGO) and NNN REIT, INC. (NNN). Click either name above to swap in a different company.
NNN REIT, INC. is the larger business by last-quarter revenue ($238.4M vs $230.6M, roughly 1.0× Gogo Inc.). NNN REIT, INC. runs the higher net margin — 40.2% vs -4.3%, a 44.6% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 9.1%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 5.2%).
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...
NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.
GOGO vs NNN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $238.4M |
| Net Profit | $-10.0M | $96.0M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | 62.3% |
| Net Margin | -4.3% | 40.2% |
| Revenue YoY | 67.3% | 9.1% |
| Net Profit YoY | 64.6% | -2.0% |
| EPS (diluted) | $-0.08 | $0.51 |
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 | $238.4M | ||
| Q3 25 | $223.6M | $230.2M | ||
| Q2 25 | $226.0M | $226.8M | ||
| Q1 25 | $230.3M | $230.9M | ||
| Q4 24 | $137.8M | $218.5M | ||
| Q3 24 | $100.5M | $218.6M | ||
| Q2 24 | $102.1M | $216.8M | ||
| Q1 24 | $104.3M | $215.4M |
| Q4 25 | $-10.0M | $96.0M | ||
| Q3 25 | $-1.9M | $96.8M | ||
| Q2 25 | $12.8M | $100.5M | ||
| Q1 25 | $12.0M | $96.5M | ||
| Q4 24 | $-28.2M | $97.9M | ||
| Q3 24 | $10.6M | $97.9M | ||
| Q2 24 | $839.0K | $106.7M | ||
| Q1 24 | $30.5M | $94.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.2% | 62.3% | ||
| Q3 25 | 12.9% | 64.0% | ||
| Q2 25 | 15.9% | 66.0% | ||
| Q1 25 | 15.3% | 62.3% | ||
| Q4 24 | -17.5% | 65.8% | ||
| Q3 24 | 19.0% | 65.7% | ||
| Q2 24 | 21.2% | 70.2% | ||
| Q1 24 | 33.2% | 64.2% |
| Q4 25 | -4.3% | 40.2% | ||
| Q3 25 | -0.9% | 42.1% | ||
| Q2 25 | 5.7% | 44.3% | ||
| Q1 25 | 5.2% | 41.8% | ||
| Q4 24 | -20.5% | 44.8% | ||
| Q3 24 | 10.6% | 44.8% | ||
| Q2 24 | 0.8% | 49.2% | ||
| Q1 24 | 29.2% | 43.8% |
| Q4 25 | $-0.08 | $0.51 | ||
| Q3 25 | $-0.01 | $0.51 | ||
| Q2 25 | $0.09 | $0.54 | ||
| Q1 25 | $0.09 | $0.51 | ||
| Q4 24 | $-0.22 | $0.52 | ||
| Q3 24 | $0.08 | $0.53 | ||
| Q2 24 | $0.01 | $0.58 | ||
| Q1 24 | $0.23 | $0.52 |
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 | $5.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $101.1M | $4.4B |
| Total Assets | $1.3B | $9.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $5.0M | ||
| Q3 25 | $133.6M | $157.9M | ||
| Q2 25 | $102.1M | $6.0M | ||
| Q1 25 | $70.3M | $5.1M | ||
| Q4 24 | $41.8M | $8.7M | ||
| Q3 24 | $176.7M | $173.5M | ||
| Q2 24 | $161.6M | $2.1M | ||
| Q1 24 | $152.8M | $1.1M |
| Q4 25 | $101.1M | $4.4B | ||
| Q3 25 | $107.0M | $4.4B | ||
| Q2 25 | $102.8M | $4.4B | ||
| Q1 25 | $82.9M | $4.4B | ||
| Q4 24 | $69.3M | $4.4B | ||
| Q3 24 | $52.7M | $4.4B | ||
| Q2 24 | $52.0M | $4.2B | ||
| Q1 24 | $62.4M | $4.2B |
| Q4 25 | $1.3B | $9.4B | ||
| Q3 25 | $1.3B | $9.5B | ||
| Q2 25 | $1.3B | $9.1B | ||
| Q1 25 | $1.2B | $9.0B | ||
| Q4 24 | $1.2B | $8.9B | ||
| Q3 24 | $810.7M | $8.9B | ||
| Q2 24 | $802.7M | $8.7B | ||
| Q1 24 | $809.0M | $8.7B |
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 | $667.1M |
| Free Cash FlowOCF − Capex | $-25.4M | — |
| FCF MarginFCF / Revenue | -11.0% | — |
| Capex IntensityCapex / Revenue | 14.7% | — |
| Cash ConversionOCF / Net Profit | — | 6.95× |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $667.1M | ||
| Q3 25 | $46.8M | $218.3M | ||
| Q2 25 | $36.7M | $119.4M | ||
| Q1 25 | $32.5M | $203.3M | ||
| Q4 24 | $-38.3M | $635.5M | ||
| Q3 24 | $25.1M | $206.6M | ||
| Q2 24 | $24.9M | $120.5M | ||
| Q1 24 | $29.7M | $190.7M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | 6.95× | ||
| Q3 25 | — | 2.25× | ||
| Q2 25 | 2.87× | 1.19× | ||
| Q1 25 | 2.70× | 2.11× | ||
| Q4 24 | — | 6.49× | ||
| Q3 24 | 2.36× | 2.11× | ||
| Q2 24 | 29.74× | 1.13× | ||
| Q1 24 | 0.97× | 2.02× |
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% |
NNN
Segment breakdown not available.
