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Side-by-side financial comparison of Gogo Inc. (GOGO) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $187.0M, roughly 1.2× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -4.3%, a 16.6% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -2.4%).
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...
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
GOGO vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $187.0M |
| Net Profit | $-10.0M | $22.9M |
| Gross Margin | — | 72.5% |
| Operating Margin | 6.2% | 20.2% |
| Net Margin | -4.3% | 12.2% |
| Revenue YoY | 67.3% | -1.6% |
| Net Profit YoY | 64.6% | 36.8% |
| EPS (diluted) | $-0.08 | $0.23 |
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 | $187.0M | ||
| Q3 25 | $223.6M | $188.7M | ||
| Q2 25 | $226.0M | $188.8M | ||
| Q1 25 | $230.3M | $188.4M | ||
| Q4 24 | $137.8M | $190.1M | ||
| Q3 24 | $100.5M | $193.6M | ||
| Q2 24 | $102.1M | $190.4M | ||
| Q1 24 | $104.3M | $196.1M |
| Q4 25 | $-10.0M | $22.9M | ||
| Q3 25 | $-1.9M | $18.4M | ||
| Q2 25 | $12.8M | $19.5M | ||
| Q1 25 | $12.0M | $13.0M | ||
| Q4 24 | $-28.2M | $16.7M | ||
| Q3 24 | $10.6M | $18.7M | ||
| Q2 24 | $839.0K | $17.1M | ||
| Q1 24 | $30.5M | $59.0M |
| Q4 25 | — | 72.5% | ||
| Q3 25 | — | 70.7% | ||
| Q2 25 | 87.8% | 70.5% | ||
| Q1 25 | 87.3% | 70.7% | ||
| Q4 24 | — | 72.5% | ||
| Q3 24 | — | 72.8% | ||
| Q2 24 | — | 72.6% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | 6.2% | 20.2% | ||
| Q3 25 | 12.9% | 15.8% | ||
| Q2 25 | 15.9% | 16.5% | ||
| Q1 25 | 15.3% | 11.0% | ||
| Q4 24 | -17.5% | 14.5% | ||
| Q3 24 | 19.0% | 15.8% | ||
| Q2 24 | 21.2% | 17.2% | ||
| Q1 24 | 33.2% | 48.9% |
| Q4 25 | -4.3% | 12.2% | ||
| Q3 25 | -0.9% | 9.8% | ||
| Q2 25 | 5.7% | 10.3% | ||
| Q1 25 | 5.2% | 6.9% | ||
| Q4 24 | -20.5% | 8.8% | ||
| Q3 24 | 10.6% | 9.7% | ||
| Q2 24 | 0.8% | 9.0% | ||
| Q1 24 | 29.2% | 30.1% |
| Q4 25 | $-0.08 | $0.23 | ||
| Q3 25 | $-0.01 | $0.17 | ||
| Q2 25 | $0.09 | $0.19 | ||
| Q1 25 | $0.09 | $0.10 | ||
| Q4 24 | $-0.22 | $0.19 | ||
| Q3 24 | $0.08 | $0.18 | ||
| Q2 24 | $0.01 | $0.16 | ||
| Q1 24 | $0.23 | $0.65 |
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 | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $101.1M | $946.0M |
| Total Assets | $1.3B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $23.3M | ||
| Q3 25 | $133.6M | $26.3M | ||
| Q2 25 | $102.1M | $26.1M | ||
| Q1 25 | $70.3M | $19.3M | ||
| Q4 24 | $41.8M | $50.4M | ||
| Q3 24 | $176.7M | $69.9M | ||
| Q2 24 | $161.6M | $59.0M | ||
| Q1 24 | $152.8M | $64.2M |
| Q4 25 | $101.1M | $946.0M | ||
| Q3 25 | $107.0M | $973.1M | ||
| Q2 25 | $102.8M | $1.0B | ||
| Q1 25 | $82.9M | $1.0B | ||
| Q4 24 | $69.3M | $1.1B | ||
| Q3 24 | $52.7M | $986.9M | ||
| Q2 24 | $52.0M | $1.2B | ||
| Q1 24 | $62.4M | $1.3B |
| Q4 25 | $1.3B | $5.1B | ||
| Q3 25 | $1.3B | $5.1B | ||
| Q2 25 | $1.3B | $5.2B | ||
| Q1 25 | $1.2B | $5.3B | ||
| Q4 24 | $1.2B | $5.4B | ||
| Q3 24 | $810.7M | $5.4B | ||
| Q2 24 | $802.7M | $5.3B | ||
| Q1 24 | $809.0M | $5.4B |
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 | $338.5M |
| Free Cash FlowOCF − Capex | $-25.4M | $299.8M |
| FCF MarginFCF / Revenue | -11.0% | 160.3% |
| Capex IntensityCapex / Revenue | 14.7% | 20.7% |
| Cash ConversionOCF / Net Profit | — | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $338.5M | ||
| Q3 25 | $46.8M | $100.2M | ||
| Q2 25 | $36.7M | $79.9M | ||
| Q1 25 | $32.5M | $85.6M | ||
| Q4 24 | $-38.3M | $363.1M | ||
| Q3 24 | $25.1M | $105.7M | ||
| Q2 24 | $24.9M | $83.2M | ||
| Q1 24 | $29.7M | $94.0M |
| Q4 25 | $-25.4M | $299.8M | ||
| Q3 25 | $27.3M | $88.0M | ||
| Q2 25 | $33.5M | $73.8M | ||
| Q1 25 | $29.7M | $79.9M | ||
| Q4 24 | $-42.6M | $344.4M | ||
| Q3 24 | $20.7M | $101.8M | ||
| Q2 24 | $21.6M | $79.5M | ||
| Q1 24 | $28.2M | $88.6M |
| Q4 25 | -11.0% | 160.3% | ||
| Q3 25 | 12.2% | 46.6% | ||
| Q2 25 | 14.8% | 39.1% | ||
| Q1 25 | 12.9% | 42.4% | ||
| Q4 24 | -30.9% | 181.2% | ||
| Q3 24 | 20.6% | 52.6% | ||
| Q2 24 | 21.1% | 41.7% | ||
| Q1 24 | 27.0% | 45.2% |
| Q4 25 | 14.7% | 20.7% | ||
| Q3 25 | 8.7% | 6.5% | ||
| Q2 25 | 1.4% | 3.2% | ||
| Q1 25 | 1.2% | 3.0% | ||
| Q4 24 | 3.1% | 9.8% | ||
| Q3 24 | 4.4% | 2.0% | ||
| Q2 24 | 3.3% | 1.9% | ||
| Q1 24 | 1.4% | 2.7% |
| Q4 25 | — | 14.79× | ||
| Q3 25 | — | 5.44× | ||
| Q2 25 | 2.87× | 4.10× | ||
| Q1 25 | 2.70× | 6.59× | ||
| Q4 24 | — | 21.70× | ||
| Q3 24 | 2.36× | 5.65× | ||
| Q2 24 | 29.74× | 4.88× | ||
| Q1 24 | 0.97× | 1.59× |
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% |
NSA
Segment breakdown not available.
