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Side-by-side financial comparison of Gogo Inc. (GOGO) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $142.9M, roughly 1.6× Piedmont Realty Trust, Inc.). Gogo Inc. runs the higher net margin — -4.3% vs -30.3%, a 25.9% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -0.3%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -0.6%).
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...
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
GOGO vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $142.9M |
| Net Profit | $-10.0M | $-43.2M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | — |
| Net Margin | -4.3% | -30.3% |
| Revenue YoY | 67.3% | -0.3% |
| Net Profit YoY | 64.6% | -44.3% |
| EPS (diluted) | $-0.08 | $-0.34 |
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 | $142.9M | ||
| Q3 25 | $223.6M | $139.2M | ||
| Q2 25 | $226.0M | $140.3M | ||
| Q1 25 | $230.3M | $142.7M | ||
| Q4 24 | $137.8M | $143.2M | ||
| Q3 24 | $100.5M | $139.3M | ||
| Q2 24 | $102.1M | $143.3M | ||
| Q1 24 | $104.3M | $144.5M |
| Q4 25 | $-10.0M | $-43.2M | ||
| Q3 25 | $-1.9M | $-13.5M | ||
| Q2 25 | $12.8M | $-16.8M | ||
| Q1 25 | $12.0M | $-10.1M | ||
| Q4 24 | $-28.2M | $-30.0M | ||
| Q3 24 | $10.6M | $-11.5M | ||
| Q2 24 | $839.0K | $-9.8M | ||
| Q1 24 | $30.5M | $-27.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 12.9% | — | ||
| Q2 25 | 15.9% | — | ||
| Q1 25 | 15.3% | — | ||
| Q4 24 | -17.5% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 21.2% | — | ||
| Q1 24 | 33.2% | — |
| Q4 25 | -4.3% | -30.3% | ||
| Q3 25 | -0.9% | -9.7% | ||
| Q2 25 | 5.7% | -12.0% | ||
| Q1 25 | 5.2% | -7.1% | ||
| Q4 24 | -20.5% | -20.9% | ||
| Q3 24 | 10.6% | -8.3% | ||
| Q2 24 | 0.8% | -6.8% | ||
| Q1 24 | 29.2% | -19.2% |
| Q4 25 | $-0.08 | $-0.34 | ||
| Q3 25 | $-0.01 | $-0.11 | ||
| Q2 25 | $0.09 | $-0.14 | ||
| Q1 25 | $0.09 | $-0.08 | ||
| Q4 24 | $-0.22 | $-0.25 | ||
| Q3 24 | $0.08 | $-0.09 | ||
| Q2 24 | $0.01 | $-0.08 | ||
| Q1 24 | $0.23 | $-0.22 |
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 | $731.0K |
| Total DebtLower is stronger | — | $2.2B |
| Stockholders' EquityBook value | $101.1M | $1.5B |
| Total Assets | $1.3B | $4.0B |
| Debt / EquityLower = less leverage | — | 1.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $731.0K | ||
| Q3 25 | $133.6M | $3.0M | ||
| Q2 25 | $102.1M | $3.3M | ||
| Q1 25 | $70.3M | $2.9M | ||
| Q4 24 | $41.8M | $109.6M | ||
| Q3 24 | $176.7M | $133.6M | ||
| Q2 24 | $161.6M | $138.5M | ||
| Q1 24 | $152.8M | $3.5M |
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $101.1M | $1.5B | ||
| Q3 25 | $107.0M | $1.5B | ||
| Q2 25 | $102.8M | $1.5B | ||
| Q1 25 | $82.9M | $1.6B | ||
| Q4 24 | $69.3M | $1.6B | ||
| Q3 24 | $52.7M | $1.6B | ||
| Q2 24 | $52.0M | $1.7B | ||
| Q1 24 | $62.4M | $1.7B |
| Q4 25 | $1.3B | $4.0B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $1.3B | $4.0B | ||
| Q1 25 | $1.2B | $4.0B | ||
| Q4 24 | $1.2B | $4.1B | ||
| Q3 24 | $810.7M | $4.1B | ||
| Q2 24 | $802.7M | $4.2B | ||
| Q1 24 | $809.0M | $4.0B |
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.23× |
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 | $140.6M |
| Free Cash FlowOCF − Capex | $-25.4M | — |
| FCF MarginFCF / Revenue | -11.0% | — |
| Capex IntensityCapex / Revenue | 14.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $140.6M | ||
| Q3 25 | $46.8M | $35.8M | ||
| Q2 25 | $36.7M | $50.1M | ||
| Q1 25 | $32.5M | $3.7M | ||
| Q4 24 | $-38.3M | $198.1M | ||
| Q3 24 | $25.1M | $42.9M | ||
| Q2 24 | $24.9M | $66.8M | ||
| Q1 24 | $29.7M | $23.4M |
| 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 | — | — | ||
| 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
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
