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

Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $219.9M, roughly 1.0× Orthofix Medical Inc.). Orthofix Medical Inc. runs the higher net margin — -1.0% vs -4.3%, a 3.3% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 2.0%). Orthofix Medical Inc. produced more free cash flow last quarter ($16.8M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 8.0%).

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...

Orthofix Medical Inc. is a global medical device firm specializing in orthopedic care. It develops, manufactures and sells spinal implants, trauma care products, bone growth stimulation therapies and regenerative medicine offerings, serving orthopedic surgeons and healthcare providers across North America, Europe and Asia Pacific.

GOGO vs OFIX — Head-to-Head

Bigger by revenue
GOGO
GOGO
1.0× larger
GOGO
$230.6M
$219.9M
OFIX
Growing faster (revenue YoY)
GOGO
GOGO
+65.3% gap
GOGO
67.3%
2.0%
OFIX
Higher net margin
OFIX
OFIX
3.3% more per $
OFIX
-1.0%
-4.3%
GOGO
More free cash flow
OFIX
OFIX
$42.2M more FCF
OFIX
$16.8M
$-25.4M
GOGO
Faster 2-yr revenue CAGR
GOGO
GOGO
Annualised
GOGO
48.7%
8.0%
OFIX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GOGO
GOGO
OFIX
OFIX
Revenue
$230.6M
$219.9M
Net Profit
$-10.0M
$-2.2M
Gross Margin
71.1%
Operating Margin
6.2%
0.2%
Net Margin
-4.3%
-1.0%
Revenue YoY
67.3%
2.0%
Net Profit YoY
64.6%
92.4%
EPS (diluted)
$-0.08
$-0.05

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
OFIX
OFIX
Q4 25
$230.6M
$219.9M
Q3 25
$223.6M
$205.6M
Q2 25
$226.0M
$203.1M
Q1 25
$230.3M
$193.6M
Q4 24
$137.8M
$215.7M
Q3 24
$100.5M
$196.6M
Q2 24
$102.1M
$198.6M
Q1 24
$104.3M
$188.6M
Net Profit
GOGO
GOGO
OFIX
OFIX
Q4 25
$-10.0M
$-2.2M
Q3 25
$-1.9M
$-22.8M
Q2 25
$12.8M
$-14.1M
Q1 25
$12.0M
$-53.1M
Q4 24
$-28.2M
$-29.1M
Q3 24
$10.6M
$-27.4M
Q2 24
$839.0K
$-33.4M
Q1 24
$30.5M
$-36.0M
Gross Margin
GOGO
GOGO
OFIX
OFIX
Q4 25
71.1%
Q3 25
72.2%
Q2 25
87.8%
68.7%
Q1 25
87.3%
62.8%
Q4 24
69.0%
Q3 24
68.7%
Q2 24
67.8%
Q1 24
67.5%
Operating Margin
GOGO
GOGO
OFIX
OFIX
Q4 25
6.2%
0.2%
Q3 25
12.9%
-8.3%
Q2 25
15.9%
-7.9%
Q1 25
15.3%
-25.2%
Q4 24
-17.5%
-5.3%
Q3 24
19.0%
-9.6%
Q2 24
21.2%
-12.5%
Q1 24
33.2%
-15.6%
Net Margin
GOGO
GOGO
OFIX
OFIX
Q4 25
-4.3%
-1.0%
Q3 25
-0.9%
-11.1%
Q2 25
5.7%
-6.9%
Q1 25
5.2%
-27.4%
Q4 24
-20.5%
-13.5%
Q3 24
10.6%
-13.9%
Q2 24
0.8%
-16.8%
Q1 24
29.2%
-19.1%
EPS (diluted)
GOGO
GOGO
OFIX
OFIX
Q4 25
$-0.08
$-0.05
Q3 25
$-0.01
$-0.57
Q2 25
$0.09
$-0.36
Q1 25
$0.09
$-1.35
Q4 24
$-0.22
$-0.76
Q3 24
$0.08
$-0.71
Q2 24
$0.01
$-0.88
Q1 24
$0.23
$-0.95

Balance Sheet & Financial Strength

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

Metric
GOGO
GOGO
OFIX
OFIX
Cash + ST InvestmentsLiquidity on hand
$125.2M
$82.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$101.1M
$450.0M
Total Assets
$1.3B
$850.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOGO
GOGO
OFIX
OFIX
Q4 25
$125.2M
$82.0M
Q3 25
$133.6M
$62.9M
Q2 25
$102.1M
$65.6M
Q1 25
$70.3M
$58.0M
Q4 24
$41.8M
$83.2M
Q3 24
$176.7M
$30.1M
Q2 24
$161.6M
$26.4M
Q1 24
$152.8M
$27.0M
Total Debt
GOGO
GOGO
OFIX
OFIX
Q4 25
Q3 25
$157.2M
Q2 25
$157.0M
Q1 25
$156.9M
Q4 24
$157.0M
Q3 24
$118.5M
Q2 24
$118.0M
Q1 24
$118.2M
Stockholders' Equity
GOGO
GOGO
OFIX
OFIX
Q4 25
$101.1M
$450.0M
Q3 25
$107.0M
$442.5M
Q2 25
$102.8M
$458.3M
Q1 25
$82.9M
$458.3M
Q4 24
$69.3M
$503.1M
Q3 24
$52.7M
$525.9M
Q2 24
$52.0M
$546.0M
Q1 24
$62.4M
$570.3M
Total Assets
GOGO
GOGO
OFIX
OFIX
Q4 25
$1.3B
$850.6M
Q3 25
$1.3B
$832.6M
Q2 25
$1.3B
$837.2M
Q1 25
$1.2B
$823.1M
Q4 24
$1.2B
$893.3M
Q3 24
$810.7M
$867.9M
Q2 24
$802.7M
$882.0M
Q1 24
$809.0M
$906.0M
Debt / Equity
GOGO
GOGO
OFIX
OFIX
Q4 25
Q3 25
0.36×
Q2 25
0.34×
Q1 25
0.34×
Q4 24
0.31×
Q3 24
0.23×
Q2 24
0.22×
Q1 24
0.21×

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
OFIX
OFIX
Operating Cash FlowLast quarter
$8.5M
$27.7M
Free Cash FlowOCF − Capex
$-25.4M
$16.8M
FCF MarginFCF / Revenue
-11.0%
7.6%
Capex IntensityCapex / Revenue
14.7%
4.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$65.1M
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOGO
GOGO
OFIX
OFIX
Q4 25
$8.5M
$27.7M
Q3 25
$46.8M
$12.4M
Q2 25
$36.7M
$11.6M
Q1 25
$32.5M
$-18.4M
Q4 24
$-38.3M
$23.7M
Q3 24
$25.1M
$11.7M
Q2 24
$24.9M
$9.0M
Q1 24
$29.7M
$-18.6M
Free Cash Flow
GOGO
GOGO
OFIX
OFIX
Q4 25
$-25.4M
$16.8M
Q3 25
$27.3M
$2.5M
Q2 25
$33.5M
$4.5M
Q1 25
$29.7M
$-25.1M
Q4 24
$-42.6M
$15.2M
Q3 24
$20.7M
$6.3M
Q2 24
$21.6M
$-360.0K
Q1 24
$28.2M
$-29.1M
FCF Margin
GOGO
GOGO
OFIX
OFIX
Q4 25
-11.0%
7.6%
Q3 25
12.2%
1.2%
Q2 25
14.8%
2.2%
Q1 25
12.9%
-13.0%
Q4 24
-30.9%
7.0%
Q3 24
20.6%
3.2%
Q2 24
21.1%
-0.2%
Q1 24
27.0%
-15.4%
Capex Intensity
GOGO
GOGO
OFIX
OFIX
Q4 25
14.7%
4.9%
Q3 25
8.7%
4.8%
Q2 25
1.4%
3.5%
Q1 25
1.2%
3.5%
Q4 24
3.1%
4.0%
Q3 24
4.4%
2.7%
Q2 24
3.3%
4.7%
Q1 24
1.4%
5.6%
Cash Conversion
GOGO
GOGO
OFIX
OFIX
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
GOGO

Services$191.9M83%
Products$38.7M17%
Fcc Reimbursement Program$2.0M1%

OFIX
OFIX

Spinal Implants Biologics And Enabling Technologies$113.6M52%
Bone Growth Therapies$68.3M31%
Other$22.7M10%
IT$5.9M3%
GB$3.5M2%
FR$3.5M2%
DE$2.3M1%

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