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Side-by-side financial comparison of Gogo Inc. (GOGO) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $184.5M, roughly 1.2× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs -4.3%, a 11.3% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 28.6%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 38.9%).
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...
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
GOGO vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $184.5M |
| Net Profit | $-10.0M | $12.8M |
| Gross Margin | — | 26.1% |
| Operating Margin | 6.2% | 10.5% |
| Net Margin | -4.3% | 7.0% |
| Revenue YoY | 67.3% | 28.6% |
| Net Profit YoY | 64.6% | 62.3% |
| EPS (diluted) | $-0.08 | $0.54 |
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 | $184.5M | ||
| Q3 25 | $223.6M | $162.1M | ||
| Q2 25 | $226.0M | $194.3M | ||
| Q1 25 | $230.3M | $115.1M | ||
| Q4 24 | $137.8M | $143.5M | ||
| Q3 24 | $100.5M | $129.4M | ||
| Q2 24 | $102.1M | $199.9M | ||
| Q1 24 | $104.3M | $95.7M |
| Q4 25 | $-10.0M | $12.8M | ||
| Q3 25 | $-1.9M | $8.0M | ||
| Q2 25 | $12.8M | $26.0M | ||
| Q1 25 | $12.0M | $148.0K | ||
| Q4 24 | $-28.2M | $7.9M | ||
| Q3 24 | $10.6M | $32.3M | ||
| Q2 24 | $839.0K | $24.3M | ||
| Q1 24 | $30.5M | $-8.4M |
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | 87.8% | 31.0% | ||
| Q1 25 | 87.3% | 24.5% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 30.7% | ||
| Q1 24 | — | 19.8% |
| Q4 25 | 6.2% | 10.5% | ||
| Q3 25 | 12.9% | 8.7% | ||
| Q2 25 | 15.9% | 19.0% | ||
| Q1 25 | 15.3% | 2.8% | ||
| Q4 24 | -17.5% | 9.0% | ||
| Q3 24 | 19.0% | 35.4% | ||
| Q2 24 | 21.2% | 18.2% | ||
| Q1 24 | 33.2% | -6.7% |
| Q4 25 | -4.3% | 7.0% | ||
| Q3 25 | -0.9% | 4.9% | ||
| Q2 25 | 5.7% | 13.4% | ||
| Q1 25 | 5.2% | 0.1% | ||
| Q4 24 | -20.5% | 5.5% | ||
| Q3 24 | 10.6% | 24.9% | ||
| Q2 24 | 0.8% | 12.2% | ||
| Q1 24 | 29.2% | -8.7% |
| Q4 25 | $-0.08 | $0.54 | ||
| Q3 25 | $-0.01 | $0.33 | ||
| Q2 25 | $0.09 | $1.09 | ||
| Q1 25 | $0.09 | $0.00 | ||
| Q4 24 | $-0.22 | $0.35 | ||
| Q3 24 | $0.08 | $1.36 | ||
| Q2 24 | $0.01 | $1.02 | ||
| Q1 24 | $0.23 | $-0.37 |
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 | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | $101.1M | $281.4M |
| Total Assets | $1.3B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | — | ||
| Q3 25 | $133.6M | — | ||
| Q2 25 | $102.1M | — | ||
| Q1 25 | $70.3M | — | ||
| Q4 24 | $41.8M | — | ||
| Q3 24 | $176.7M | — | ||
| Q2 24 | $161.6M | — | ||
| Q1 24 | $152.8M | — |
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $101.1M | $281.4M | ||
| Q3 25 | $107.0M | $275.3M | ||
| Q2 25 | $102.8M | $273.3M | ||
| Q1 25 | $82.9M | $258.9M | ||
| Q4 24 | $69.3M | $264.2M | ||
| Q3 24 | $52.7M | $260.8M | ||
| Q2 24 | $52.0M | $236.7M | ||
| Q1 24 | $62.4M | $217.2M |
| Q4 25 | $1.3B | $626.7M | ||
| Q3 25 | $1.3B | $694.9M | ||
| Q2 25 | $1.3B | $671.5M | ||
| Q1 25 | $1.2B | $621.0M | ||
| Q4 24 | $1.2B | $590.0M | ||
| Q3 24 | $810.7M | $665.6M | ||
| Q2 24 | $802.7M | $617.0M | ||
| Q1 24 | $809.0M | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| 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 | $95.9M |
| Free Cash FlowOCF − Capex | $-25.4M | $92.8M |
| FCF MarginFCF / Revenue | -11.0% | 50.3% |
| Capex IntensityCapex / Revenue | 14.7% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $95.9M | ||
| Q3 25 | $46.8M | $-8.5M | ||
| Q2 25 | $36.7M | $-11.4M | ||
| Q1 25 | $32.5M | $-1.3M | ||
| Q4 24 | $-38.3M | $74.4M | ||
| Q3 24 | $25.1M | $-14.2M | ||
| Q2 24 | $24.9M | $2.5M | ||
| Q1 24 | $29.7M | $-21.6M |
| Q4 25 | $-25.4M | $92.8M | ||
| Q3 25 | $27.3M | $-11.4M | ||
| Q2 25 | $33.5M | $-14.3M | ||
| Q1 25 | $29.7M | $-3.5M | ||
| Q4 24 | $-42.6M | $70.2M | ||
| Q3 24 | $20.7M | $-15.2M | ||
| Q2 24 | $21.6M | $836.0K | ||
| Q1 24 | $28.2M | $-22.4M |
| Q4 25 | -11.0% | 50.3% | ||
| Q3 25 | 12.2% | -7.1% | ||
| Q2 25 | 14.8% | -7.4% | ||
| Q1 25 | 12.9% | -3.0% | ||
| Q4 24 | -30.9% | 48.9% | ||
| Q3 24 | 20.6% | -11.8% | ||
| Q2 24 | 21.1% | 0.4% | ||
| Q1 24 | 27.0% | -23.4% |
| Q4 25 | 14.7% | 1.7% | ||
| Q3 25 | 8.7% | 1.8% | ||
| Q2 25 | 1.4% | 1.5% | ||
| Q1 25 | 1.2% | 1.9% | ||
| Q4 24 | 3.1% | 2.9% | ||
| Q3 24 | 4.4% | 0.8% | ||
| Q2 24 | 3.3% | 0.8% | ||
| Q1 24 | 1.4% | 0.8% |
| Q4 25 | — | 7.47× | ||
| Q3 25 | — | -1.07× | ||
| Q2 25 | 2.87× | -0.44× | ||
| Q1 25 | 2.70× | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | 2.36× | -0.44× | ||
| Q2 24 | 29.74× | 0.10× | ||
| 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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
