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Side-by-side financial comparison of Gogo Inc. (GOGO) and PAMT CORP (PAMT). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $141.3M, roughly 1.6× PAMT CORP). Gogo Inc. runs the higher net margin — -4.3% vs -20.7%, a 16.4% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -15.1%). PAMT CORP produced more free cash flow last quarter ($-25.0M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -12.0%).
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...
GOGO vs PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $141.3M |
| Net Profit | $-10.0M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | -27.0% |
| Net Margin | -4.3% | -20.7% |
| Revenue YoY | 67.3% | -15.1% |
| Net Profit YoY | 64.6% | 7.4% |
| EPS (diluted) | $-0.08 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $223.6M | $150.3M | ||
| Q2 25 | $226.0M | $151.1M | ||
| Q1 25 | $230.3M | $155.3M | ||
| Q4 24 | $137.8M | $166.5M | ||
| Q3 24 | $100.5M | $182.6M | ||
| Q2 24 | $102.1M | $182.9M | ||
| Q1 24 | $104.3M | $182.6M |
| Q4 25 | $-10.0M | $-29.3M | ||
| Q3 25 | $-1.9M | $-5.6M | ||
| Q2 25 | $12.8M | $-9.6M | ||
| Q1 25 | $12.0M | $-8.1M | ||
| Q4 24 | $-28.2M | $-31.6M | ||
| Q3 24 | $10.6M | $2.4M | ||
| Q2 24 | $839.0K | $-2.9M | ||
| Q1 24 | $30.5M | $281.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.2% | -27.0% | ||
| Q3 25 | 12.9% | -3.8% | ||
| Q2 25 | 15.9% | -7.3% | ||
| Q1 25 | 15.3% | -5.9% | ||
| Q4 24 | -17.5% | -22.6% | ||
| Q3 24 | 19.0% | 1.3% | ||
| Q2 24 | 21.2% | -0.4% | ||
| Q1 24 | 33.2% | -0.4% |
| Q4 25 | -4.3% | -20.7% | ||
| Q3 25 | -0.9% | -3.7% | ||
| Q2 25 | 5.7% | -6.4% | ||
| Q1 25 | 5.2% | -5.2% | ||
| Q4 24 | -20.5% | -19.0% | ||
| Q3 24 | 10.6% | 1.3% | ||
| Q2 24 | 0.8% | -1.6% | ||
| Q1 24 | 29.2% | 0.2% |
| Q4 25 | $-0.08 | $-1.38 | ||
| Q3 25 | $-0.01 | $-0.27 | ||
| Q2 25 | $0.09 | $-0.46 | ||
| Q1 25 | $0.09 | $-0.37 | ||
| Q4 24 | $-0.22 | $-1.44 | ||
| Q3 24 | $0.08 | $0.11 | ||
| Q2 24 | $0.01 | $-0.13 | ||
| Q1 24 | $0.23 | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $101.1M | $210.5M |
| Total Assets | $1.3B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $83.7M | ||
| Q3 25 | $133.6M | $115.6M | ||
| Q2 25 | $102.1M | $117.3M | ||
| Q1 25 | $70.3M | $102.7M | ||
| Q4 24 | $41.8M | $110.7M | ||
| Q3 24 | $176.7M | $92.3M | ||
| Q2 24 | $161.6M | $114.0M | ||
| Q1 24 | $152.8M | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $101.1M | $210.5M | ||
| Q3 25 | $107.0M | $239.5M | ||
| Q2 25 | $102.8M | $244.9M | ||
| Q1 25 | $82.9M | $269.6M | ||
| Q4 24 | $69.3M | $277.5M | ||
| Q3 24 | $52.7M | $308.9M | ||
| Q2 24 | $52.0M | $306.7M | ||
| Q1 24 | $62.4M | $314.6M |
| Q4 25 | $1.3B | $697.9M | ||
| Q3 25 | $1.3B | $715.2M | ||
| Q2 25 | $1.3B | $707.9M | ||
| Q1 25 | $1.2B | $712.6M | ||
| Q4 24 | $1.2B | $741.7M | ||
| Q3 24 | $810.7M | $756.7M | ||
| Q2 24 | $802.7M | $733.5M | ||
| Q1 24 | $809.0M | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-25.4M | $-25.0M |
| FCF MarginFCF / Revenue | -11.0% | -17.7% |
| Capex IntensityCapex / Revenue | 14.7% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $-5.8M | ||
| Q3 25 | $46.8M | $5.9M | ||
| Q2 25 | $36.7M | $12.2M | ||
| Q1 25 | $32.5M | $5.0M | ||
| Q4 24 | $-38.3M | $15.2M | ||
| Q3 24 | $25.1M | $15.5M | ||
| Q2 24 | $24.9M | $18.7M | ||
| Q1 24 | $29.7M | $9.6M |
| Q4 25 | $-25.4M | $-25.0M | ||
| Q3 25 | $27.3M | $2.5M | ||
| Q2 25 | $33.5M | $5.9M | ||
| Q1 25 | $29.7M | $-6.8M | ||
| Q4 24 | $-42.6M | $-39.9M | ||
| Q3 24 | $20.7M | $-33.6M | ||
| Q2 24 | $21.6M | $4.1M | ||
| Q1 24 | $28.2M | $-12.2M |
| Q4 25 | -11.0% | -17.7% | ||
| Q3 25 | 12.2% | 1.7% | ||
| Q2 25 | 14.8% | 3.9% | ||
| Q1 25 | 12.9% | -4.4% | ||
| Q4 24 | -30.9% | -24.0% | ||
| Q3 24 | 20.6% | -18.4% | ||
| Q2 24 | 21.1% | 2.2% | ||
| Q1 24 | 27.0% | -6.7% |
| Q4 25 | 14.7% | 13.6% | ||
| Q3 25 | 8.7% | 2.3% | ||
| Q2 25 | 1.4% | 4.2% | ||
| Q1 25 | 1.2% | 7.6% | ||
| Q4 24 | 3.1% | 33.1% | ||
| Q3 24 | 4.4% | 26.9% | ||
| Q2 24 | 3.3% | 8.0% | ||
| Q1 24 | 1.4% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.87× | — | ||
| Q1 25 | 2.70× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.36× | 6.44× | ||
| Q2 24 | 29.74× | — | ||
| Q1 24 | 0.97× | 34.11× |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
