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Gogo Inc.（GOGO）与Globalstar, Inc.（GSAT）财务数据对比。点击上方公司名可切换其他公司
Gogo Inc.的季度营收约是Globalstar, Inc.的3.2倍（$230.6M vs $72.0M）。Gogo Inc.净利率更高（-4.3% vs -16.1%，领先11.8%）。Gogo Inc.同比增速更快（67.3% vs 17.6%）。过去两年Gogo Inc.的营收复合增速更高（48.7% vs 12.9%）
Gogo Inc.是美国公务机机载宽带互联网及连接服务提供商，总部位于科罗拉多州布鲁姆菲尔德。截至目前，已有超过2500架商用飞机和6600架公务机安装了该公司的机载Wi-Fi服务。该公司曾面向民航业提供机上WiFi服务，2020年12月已将这块民航业务以4亿美元出售给国际通信卫星组织。
Globalstar Inc.是一家美国电信企业，运营近地轨道卫星星座，可提供卫星电话、低速数据传输及对地观测服务，其第二代卫星星座由25颗卫星组成，相关服务可覆盖全球大部分区域的通信及遥感需求。
GOGO vs GSAT — 直观对比
营收规模更大
GOGO
是对方的3.2倍
$72.0M
营收增速更快
GOGO
高出49.7%
17.6%
净利率更高
GOGO
高出11.8%
-16.1%
两年增速更快
GOGO
近两年复合增速
12.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $230.6M | $72.0M |
| 净利润 | $-10.0M | $-11.6M |
| 毛利率 | — | — |
| 营业利润率 | 6.2% | -0.5% |
| 净利率 | -4.3% | -16.1% |
| 营收同比 | 67.3% | 17.6% |
| 净利润同比 | 64.6% | 76.9% |
| 每股收益（稀释后） | $-0.08 | $-0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GOGOGSAT
| Q4 25 | $230.6M | $72.0M | ||
| Q3 25 | $223.6M | $73.8M | ||
| Q2 25 | $226.0M | $67.1M | ||
| Q1 25 | $230.3M | $60.0M | ||
| Q4 24 | $137.8M | $61.2M | ||
| Q3 24 | $100.5M | $72.3M | ||
| Q2 24 | $102.1M | $60.4M | ||
| Q1 24 | $104.3M | $56.5M |
净利润GOGOGSAT
| Q4 25 | $-10.0M | $-11.6M | ||
| Q3 25 | $-1.9M | $1.1M | ||
| Q2 25 | $12.8M | $19.2M | ||
| Q1 25 | $12.0M | $-17.3M | ||
| Q4 24 | $-28.2M | $-50.2M | ||
| Q3 24 | $10.6M | $9.9M | ||
| Q2 24 | $839.0K | $-9.7M | ||
| Q1 24 | $30.5M | $-13.2M |
毛利率GOGOGSAT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率GOGOGSAT
| Q4 25 | 6.2% | -0.5% | ||
| Q3 25 | 12.9% | 13.8% | ||
| Q2 25 | 15.9% | 9.2% | ||
| Q1 25 | 15.3% | -14.2% | ||
| Q4 24 | -17.5% | -6.9% | ||
| Q3 24 | 19.0% | 13.0% | ||
| Q2 24 | 21.2% | -2.4% | ||
| Q1 24 | 33.2% | -8.3% |
净利率GOGOGSAT
| Q4 25 | -4.3% | -16.1% | ||
| Q3 25 | -0.9% | 1.5% | ||
| Q2 25 | 5.7% | 28.6% | ||
| Q1 25 | 5.2% | -28.9% | ||
| Q4 24 | -20.5% | -82.1% | ||
| Q3 24 | 10.6% | 13.7% | ||
| Q2 24 | 0.8% | -16.0% | ||
| Q1 24 | 29.2% | -23.4% |
每股收益（稀释后）GOGOGSAT
| Q4 25 | $-0.08 | $-0.11 | ||
| Q3 25 | $-0.01 | $-0.01 | ||
| Q2 25 | $0.09 | $0.13 | ||
| Q1 25 | $0.09 | $-0.16 | ||
| Q4 24 | $-0.22 | $-0.57 | ||
| Q3 24 | $0.08 | $0.00 | ||
| Q2 24 | $0.01 | $-0.01 | ||
| Q1 24 | $0.23 | $-0.01 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $125.2M | $447.5M |
| 总债务越低越好 | — | $483.8M |
| 股东权益账面价值 | $101.1M | $355.7M |
| 总资产 | $1.3B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资GOGOGSAT
| Q4 25 | $125.2M | $447.5M | ||
| Q3 25 | $133.6M | $346.3M | ||
| Q2 25 | $102.1M | $308.2M | ||
| Q1 25 | $70.3M | $241.4M | ||
| Q4 24 | $41.8M | $391.2M | ||
| Q3 24 | $176.7M | $51.9M | ||
| Q2 24 | $161.6M | $64.3M | ||
| Q1 24 | $152.8M | $59.3M |
总债务GOGOGSAT
| Q4 25 | — | $483.8M | ||
| Q3 25 | — | $508.6M | ||
| Q2 25 | — | $491.5M | ||
| Q1 25 | — | $502.7M | ||
| Q4 24 | — | $511.4M | ||
| Q3 24 | — | $394.4M | ||
| Q2 24 | — | $393.1M | ||
| Q1 24 | — | $398.7M |
股东权益GOGOGSAT
| Q4 25 | $101.1M | $355.7M | ||
| Q3 25 | $107.0M | $364.8M | ||
| Q2 25 | $102.8M | $360.9M | ||
| Q1 25 | $82.9M | $344.3M | ||
| Q4 24 | $69.3M | $358.9M | ||
| Q3 24 | $52.7M | $394.1M | ||
| Q2 24 | $52.0M | $383.0M | ||
| Q1 24 | $62.4M | $377.1M |
总资产GOGOGSAT
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $810.7M | $917.6M | ||
| Q2 24 | $802.7M | $926.2M | ||
| Q1 24 | $809.0M | $917.0M |
负债/权益比GOGOGSAT
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $8.5M | $175.9M |
| 自由现金流经营现金流 - 资本支出 | $-25.4M | — |
| 自由现金流率自由现金流/营收 | -11.0% | — |
| 资本支出强度资本支出/营收 | 14.7% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $65.1M | — |
8季度趋势，按日历期对齐
经营现金流GOGOGSAT
| Q4 25 | $8.5M | $175.9M | ||
| Q3 25 | $46.8M | $236.0M | ||
| Q2 25 | $36.7M | $157.9M | ||
| Q1 25 | $32.5M | $51.9M | ||
| Q4 24 | $-38.3M | $340.7M | ||
| Q3 24 | $25.1M | $32.0M | ||
| Q2 24 | $24.9M | $36.7M | ||
| Q1 24 | $29.7M | $29.8M |
自由现金流GOGOGSAT
| 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 | — |
自由现金流率GOGOGSAT
| 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% | — |
资本支出强度GOGOGSAT
| 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% | — |
现金转化率GOGOGSAT
| Q4 25 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | 2.87× | 8.22× | ||
| Q1 25 | 2.70× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.36× | 3.23× | ||
| Q2 24 | 29.74× | — | ||
| Q1 24 | 0.97× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
