vs
Side-by-side financial comparison of Gogo Inc. (GOGO) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $230.6M, roughly 1.6× Gogo Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs -4.3%, a 9.2% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 6.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 5.8%).
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...
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
GOGO vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $377.3M |
| Net Profit | $-10.0M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | 8.5% |
| Net Margin | -4.3% | 4.9% |
| Revenue YoY | 67.3% | 6.7% |
| Net Profit YoY | 64.6% | -42.1% |
| EPS (diluted) | $-0.08 | $0.61 |
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 | $377.3M | ||
| Q3 25 | $223.6M | $386.3M | ||
| Q2 25 | $226.0M | $376.4M | ||
| Q1 25 | $230.3M | $350.5M | ||
| Q4 24 | $137.8M | $353.5M | ||
| Q3 24 | $100.5M | $365.1M | ||
| Q2 24 | $102.1M | $359.7M | ||
| Q1 24 | $104.3M | $337.1M |
| Q4 25 | $-10.0M | $18.4M | ||
| Q3 25 | $-1.9M | $51.5M | ||
| Q2 25 | $12.8M | $31.7M | ||
| Q1 25 | $12.0M | $27.4M | ||
| Q4 24 | $-28.2M | $31.8M | ||
| Q3 24 | $10.6M | $28.2M | ||
| Q2 24 | $839.0K | $28.2M | ||
| Q1 24 | $30.5M | $6.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.2% | 8.5% | ||
| Q3 25 | 12.9% | 13.1% | ||
| Q2 25 | 15.9% | 11.3% | ||
| Q1 25 | 15.3% | 9.6% | ||
| Q4 24 | -17.5% | 9.0% | ||
| Q3 24 | 19.0% | 9.1% | ||
| Q2 24 | 21.2% | 12.4% | ||
| Q1 24 | 33.2% | 6.8% |
| Q4 25 | -4.3% | 4.9% | ||
| Q3 25 | -0.9% | 13.3% | ||
| Q2 25 | 5.7% | 8.4% | ||
| Q1 25 | 5.2% | 7.8% | ||
| Q4 24 | -20.5% | 9.0% | ||
| Q3 24 | 10.6% | 7.7% | ||
| Q2 24 | 0.8% | 7.8% | ||
| Q1 24 | 29.2% | 2.0% |
| Q4 25 | $-0.08 | $0.61 | ||
| Q3 25 | $-0.01 | $1.72 | ||
| Q2 25 | $0.09 | $1.07 | ||
| Q1 25 | $0.09 | $0.92 | ||
| Q4 24 | $-0.22 | $1.07 | ||
| Q3 24 | $0.08 | $0.95 | ||
| Q2 24 | $0.01 | $0.96 | ||
| Q1 24 | $0.23 | $0.23 |
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 | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $101.1M | $1.1B |
| Total Assets | $1.3B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $286.2M | ||
| Q3 25 | $133.6M | $245.5M | ||
| Q2 25 | $102.1M | $251.8M | ||
| Q1 25 | $70.3M | $191.1M | ||
| Q4 24 | $41.8M | $247.5M | ||
| Q3 24 | $176.7M | $200.3M | ||
| Q2 24 | $161.6M | $178.6M | ||
| Q1 24 | $152.8M | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | $101.1M | $1.1B | ||
| Q3 25 | $107.0M | $1.0B | ||
| Q2 25 | $102.8M | $984.4M | ||
| Q1 25 | $82.9M | $931.7M | ||
| Q4 24 | $69.3M | $891.7M | ||
| Q3 24 | $52.7M | $899.2M | ||
| Q2 24 | $52.0M | $849.1M | ||
| Q1 24 | $62.4M | $820.7M |
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.3B | $2.3B | ||
| Q2 25 | $1.3B | $2.3B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $810.7M | $2.1B | ||
| Q2 24 | $802.7M | $2.0B | ||
| Q1 24 | $809.0M | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.66× |
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 | $76.9M |
| Free Cash FlowOCF − Capex | $-25.4M | $47.8M |
| FCF MarginFCF / Revenue | -11.0% | 12.7% |
| Capex IntensityCapex / Revenue | 14.7% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $76.9M | ||
| Q3 25 | $46.8M | $23.1M | ||
| Q2 25 | $36.7M | $99.0M | ||
| Q1 25 | $32.5M | $-603.0K | ||
| Q4 24 | $-38.3M | $51.1M | ||
| Q3 24 | $25.1M | $66.0M | ||
| Q2 24 | $24.9M | $33.7M | ||
| Q1 24 | $29.7M | $26.7M |
| Q4 25 | $-25.4M | $47.8M | ||
| Q3 25 | $27.3M | $-6.2M | ||
| Q2 25 | $33.5M | $67.4M | ||
| Q1 25 | $29.7M | $-52.7M | ||
| Q4 24 | $-42.6M | $-32.4M | ||
| Q3 24 | $20.7M | $9.0M | ||
| Q2 24 | $21.6M | $-16.7M | ||
| Q1 24 | $28.2M | $-37.9M |
| Q4 25 | -11.0% | 12.7% | ||
| Q3 25 | 12.2% | -1.6% | ||
| Q2 25 | 14.8% | 17.9% | ||
| Q1 25 | 12.9% | -15.0% | ||
| Q4 24 | -30.9% | -9.2% | ||
| Q3 24 | 20.6% | 2.5% | ||
| Q2 24 | 21.1% | -4.6% | ||
| Q1 24 | 27.0% | -11.2% |
| Q4 25 | 14.7% | 7.7% | ||
| Q3 25 | 8.7% | 7.6% | ||
| Q2 25 | 1.4% | 8.4% | ||
| Q1 25 | 1.2% | 14.9% | ||
| Q4 24 | 3.1% | 23.6% | ||
| Q3 24 | 4.4% | 15.6% | ||
| Q2 24 | 3.3% | 14.0% | ||
| Q1 24 | 1.4% | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | 2.87× | 3.12× | ||
| Q1 25 | 2.70× | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | 2.36× | 2.34× | ||
| Q2 24 | 29.74× | 1.20× | ||
| Q1 24 | 0.97× | 4.04× |
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% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
