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Side-by-side financial comparison of Gogo Inc. (GOGO) and Strategic Education, Inc. (STRA). Click either name above to swap in a different company.
Strategic Education, Inc. is the larger business by last-quarter revenue ($305.9M vs $230.6M, roughly 1.3× Gogo Inc.). Strategic Education, Inc. runs the higher net margin — 10.7% vs -4.3%, a 15.1% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 0.8%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -1.0%).
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...
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
GOGO vs STRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $305.9M |
| Net Profit | $-10.0M | $32.8M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | 13.4% |
| Net Margin | -4.3% | 10.7% |
| Revenue YoY | 67.3% | 0.8% |
| Net Profit YoY | 64.6% | 10.3% |
| EPS (diluted) | $-0.08 | $1.48 |
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.
| Q1 26 | — | $305.9M | ||
| Q4 25 | $230.6M | $323.2M | ||
| Q3 25 | $223.6M | $319.9M | ||
| Q2 25 | $226.0M | $321.5M | ||
| Q1 25 | $230.3M | $303.6M | ||
| Q4 24 | $137.8M | $311.5M | ||
| Q3 24 | $100.5M | $306.0M | ||
| Q2 24 | $102.1M | $312.3M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-10.0M | $37.9M | ||
| Q3 25 | $-1.9M | $26.6M | ||
| Q2 25 | $12.8M | $32.3M | ||
| Q1 25 | $12.0M | $29.7M | ||
| Q4 24 | $-28.2M | $25.3M | ||
| Q3 24 | $10.6M | $27.7M | ||
| Q2 24 | $839.0K | $29.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 13.4% | ||
| Q4 25 | 6.2% | 16.0% | ||
| Q3 25 | 12.9% | 11.6% | ||
| Q2 25 | 15.9% | 14.2% | ||
| Q1 25 | 15.3% | 13.1% | ||
| Q4 24 | -17.5% | 11.6% | ||
| Q3 24 | 19.0% | 11.9% | ||
| Q2 24 | 21.2% | 13.4% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | -4.3% | 11.7% | ||
| Q3 25 | -0.9% | 8.3% | ||
| Q2 25 | 5.7% | 10.1% | ||
| Q1 25 | 5.2% | 9.8% | ||
| Q4 24 | -20.5% | 8.1% | ||
| Q3 24 | 10.6% | 9.1% | ||
| Q2 24 | 0.8% | 9.6% |
| Q1 26 | — | $1.48 | ||
| Q4 25 | $-0.08 | $1.65 | ||
| Q3 25 | $-0.01 | $1.15 | ||
| Q2 25 | $0.09 | $1.37 | ||
| Q1 25 | $0.09 | $1.24 | ||
| Q4 24 | $-0.22 | $1.05 | ||
| Q3 24 | $0.08 | $1.15 | ||
| Q2 24 | $0.01 | $1.24 |
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 | $150.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $101.1M | $1.6B |
| Total Assets | $1.3B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.3M | ||
| Q4 25 | $125.2M | $148.1M | ||
| Q3 25 | $133.6M | $172.6M | ||
| Q2 25 | $102.1M | $164.9M | ||
| Q1 25 | $70.3M | $182.6M | ||
| Q4 24 | $41.8M | $184.0M | ||
| Q3 24 | $176.7M | $222.1M | ||
| Q2 24 | $161.6M | $256.2M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $101.1M | $1.6B | ||
| Q3 25 | $107.0M | $1.7B | ||
| Q2 25 | $102.8M | $1.7B | ||
| Q1 25 | $82.9M | $1.6B | ||
| Q4 24 | $69.3M | $1.7B | ||
| Q3 24 | $52.7M | $1.7B | ||
| Q2 24 | $52.0M | $1.7B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $810.7M | $2.2B | ||
| Q2 24 | $802.7M | $2.2B |
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 | $87.4M |
| Free Cash FlowOCF − Capex | $-25.4M | $77.3M |
| FCF MarginFCF / Revenue | -11.0% | 25.3% |
| Capex IntensityCapex / Revenue | 14.7% | — |
| Cash ConversionOCF / Net Profit | — | 2.66× |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $173.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $87.4M | ||
| Q4 25 | $8.5M | $39.2M | ||
| Q3 25 | $46.8M | $60.1M | ||
| Q2 25 | $36.7M | $31.2M | ||
| Q1 25 | $32.5M | $67.7M | ||
| Q4 24 | $-38.3M | $15.9M | ||
| Q3 24 | $25.1M | $51.5M | ||
| Q2 24 | $24.9M | $24.3M |
| Q1 26 | — | $77.3M | ||
| Q4 25 | $-25.4M | $27.0M | ||
| Q3 25 | $27.3M | $49.3M | ||
| Q2 25 | $33.5M | $20.4M | ||
| Q1 25 | $29.7M | $57.3M | ||
| Q4 24 | $-42.6M | $4.7M | ||
| Q3 24 | $20.7M | $42.1M | ||
| Q2 24 | $21.6M | $13.6M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | -11.0% | 8.3% | ||
| Q3 25 | 12.2% | 15.4% | ||
| Q2 25 | 14.8% | 6.3% | ||
| Q1 25 | 12.9% | 18.9% | ||
| Q4 24 | -30.9% | 1.5% | ||
| Q3 24 | 20.6% | 13.8% | ||
| Q2 24 | 21.1% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 14.7% | 3.8% | ||
| Q3 25 | 8.7% | 3.4% | ||
| Q2 25 | 1.4% | 3.4% | ||
| Q1 25 | 1.2% | 3.4% | ||
| Q4 24 | 3.1% | 3.6% | ||
| Q3 24 | 4.4% | 3.1% | ||
| Q2 24 | 3.3% | 3.4% |
| Q1 26 | — | 2.66× | ||
| Q4 25 | — | 1.03× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | 2.87× | 0.97× | ||
| Q1 25 | 2.70× | 2.27× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | 2.36× | 1.86× | ||
| Q2 24 | 29.74× | 0.81× |
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% |
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
