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

Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $184.3M, roughly 1.3× OFG BANCORP). OFG BANCORP runs the higher net margin — 30.3% vs -4.3%, a 34.7% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 0.9%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 2.8%).

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...

OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....

GOGO vs OFG — Head-to-Head

Bigger by revenue
GOGO
GOGO
1.3× larger
GOGO
$230.6M
$184.3M
OFG
Growing faster (revenue YoY)
GOGO
GOGO
+66.4% gap
GOGO
67.3%
0.9%
OFG
Higher net margin
OFG
OFG
34.7% more per $
OFG
30.3%
-4.3%
GOGO
More free cash flow
OFG
OFG
$224.7M more FCF
OFG
$199.3M
$-25.4M
GOGO
Faster 2-yr revenue CAGR
GOGO
GOGO
Annualised
GOGO
48.7%
2.8%
OFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GOGO
GOGO
OFG
OFG
Revenue
$230.6M
$184.3M
Net Profit
$-10.0M
$55.9M
Gross Margin
Operating Margin
6.2%
25.7%
Net Margin
-4.3%
30.3%
Revenue YoY
67.3%
0.9%
Net Profit YoY
64.6%
11.0%
EPS (diluted)
$-0.08
$1.27

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
OFG
OFG
Q4 25
$230.6M
$184.3M
Q3 25
$223.6M
$186.2M
Q2 25
$226.0M
$182.4M
Q1 25
$230.3M
$178.6M
Q4 24
$137.8M
$182.7M
Q3 24
$100.5M
$174.7M
Q2 24
$102.1M
$179.8M
Q1 24
$104.3M
$174.4M
Net Profit
GOGO
GOGO
OFG
OFG
Q4 25
$-10.0M
$55.9M
Q3 25
$-1.9M
$51.8M
Q2 25
$12.8M
$51.8M
Q1 25
$12.0M
$45.6M
Q4 24
$-28.2M
$50.3M
Q3 24
$10.6M
$47.0M
Q2 24
$839.0K
$51.1M
Q1 24
$30.5M
$49.7M
Gross Margin
GOGO
GOGO
OFG
OFG
Q4 25
Q3 25
Q2 25
87.8%
Q1 25
87.3%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
GOGO
GOGO
OFG
OFG
Q4 25
6.2%
25.7%
Q3 25
12.9%
33.0%
Q2 25
15.9%
36.1%
Q1 25
15.3%
33.3%
Q4 24
-17.5%
28.9%
Q3 24
19.0%
35.4%
Q2 24
21.2%
39.6%
Q1 24
33.2%
38.9%
Net Margin
GOGO
GOGO
OFG
OFG
Q4 25
-4.3%
30.3%
Q3 25
-0.9%
27.8%
Q2 25
5.7%
28.4%
Q1 25
5.2%
25.5%
Q4 24
-20.5%
27.6%
Q3 24
10.6%
26.9%
Q2 24
0.8%
28.4%
Q1 24
29.2%
28.5%
EPS (diluted)
GOGO
GOGO
OFG
OFG
Q4 25
$-0.08
$1.27
Q3 25
$-0.01
$1.16
Q2 25
$0.09
$1.15
Q1 25
$0.09
$1.00
Q4 24
$-0.22
$1.10
Q3 24
$0.08
$1.00
Q2 24
$0.01
$1.08
Q1 24
$0.23
$1.05

Balance Sheet & Financial Strength

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

Metric
GOGO
GOGO
OFG
OFG
Cash + ST InvestmentsLiquidity on hand
$125.2M
$1.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$101.1M
$1.4B
Total Assets
$1.3B
$12.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOGO
GOGO
OFG
OFG
Q4 25
$125.2M
$1.0B
Q3 25
$133.6M
$740.3M
Q2 25
$102.1M
$851.8M
Q1 25
$70.3M
$710.6M
Q4 24
$41.8M
$591.1M
Q3 24
$176.7M
$680.6M
Q2 24
$161.6M
$740.4M
Q1 24
$152.8M
$754.4M
Stockholders' Equity
GOGO
GOGO
OFG
OFG
Q4 25
$101.1M
$1.4B
Q3 25
$107.0M
$1.4B
Q2 25
$102.8M
$1.3B
Q1 25
$82.9M
$1.3B
Q4 24
$69.3M
$1.3B
Q3 24
$52.7M
$1.3B
Q2 24
$52.0M
$1.2B
Q1 24
$62.4M
$1.2B
Total Assets
GOGO
GOGO
OFG
OFG
Q4 25
$1.3B
$12.5B
Q3 25
$1.3B
$12.2B
Q2 25
$1.3B
$12.2B
Q1 25
$1.2B
$11.7B
Q4 24
$1.2B
$11.5B
Q3 24
$810.7M
$11.5B
Q2 24
$802.7M
$11.3B
Q1 24
$809.0M
$11.2B

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
OFG
OFG
Operating Cash FlowLast quarter
$8.5M
$217.7M
Free Cash FlowOCF − Capex
$-25.4M
$199.3M
FCF MarginFCF / Revenue
-11.0%
108.1%
Capex IntensityCapex / Revenue
14.7%
10.0%
Cash ConversionOCF / Net Profit
3.90×
TTM Free Cash FlowTrailing 4 quarters
$65.1M
$345.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOGO
GOGO
OFG
OFG
Q4 25
$8.5M
$217.7M
Q3 25
$46.8M
$39.5M
Q2 25
$36.7M
$35.9M
Q1 25
$32.5M
$83.1M
Q4 24
$-38.3M
$252.5M
Q3 24
$25.1M
$58.1M
Q2 24
$24.9M
$95.1M
Q1 24
$29.7M
$61.0M
Free Cash Flow
GOGO
GOGO
OFG
OFG
Q4 25
$-25.4M
$199.3M
Q3 25
$27.3M
$35.5M
Q2 25
$33.5M
$31.8M
Q1 25
$29.7M
$78.7M
Q4 24
$-42.6M
$231.2M
Q3 24
$20.7M
$51.8M
Q2 24
$21.6M
$90.4M
Q1 24
$28.2M
$54.8M
FCF Margin
GOGO
GOGO
OFG
OFG
Q4 25
-11.0%
108.1%
Q3 25
12.2%
19.1%
Q2 25
14.8%
17.4%
Q1 25
12.9%
44.1%
Q4 24
-30.9%
126.5%
Q3 24
20.6%
29.6%
Q2 24
21.1%
50.3%
Q1 24
27.0%
31.4%
Capex Intensity
GOGO
GOGO
OFG
OFG
Q4 25
14.7%
10.0%
Q3 25
8.7%
2.1%
Q2 25
1.4%
2.3%
Q1 25
1.2%
2.4%
Q4 24
3.1%
11.7%
Q3 24
4.4%
3.6%
Q2 24
3.3%
2.6%
Q1 24
1.4%
3.5%
Cash Conversion
GOGO
GOGO
OFG
OFG
Q4 25
3.90×
Q3 25
0.76×
Q2 25
2.87×
0.69×
Q1 25
2.70×
1.82×
Q4 24
5.02×
Q3 24
2.36×
1.24×
Q2 24
29.74×
1.86×
Q1 24
0.97×
1.23×

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%

OFG
OFG

Segment breakdown not available.

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