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Gogo Inc.（GOGO）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
Gogo Inc.的季度营收约是铱星通信的1.1倍（$230.6M vs $219.1M）。铱星通信净利率更高（9.9% vs -4.3%，领先14.2%）。Gogo Inc.同比增速更快（67.3% vs 1.9%）。过去两年Gogo Inc.的营收复合增速更高（48.7% vs 4.4%）
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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
GOGO vs IRDM — 直观对比
营收规模更大
GOGO
是对方的1.1倍
$219.1M
营收增速更快
GOGO
高出65.4%
1.9%
净利率更高
IRDM
高出14.2%
-4.3%
两年增速更快
GOGO
近两年复合增速
4.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $230.6M | $219.1M |
| 净利润 | $-10.0M | $21.6M |
| 毛利率 | — | — |
| 营业利润率 | 6.2% | 23.2% |
| 净利率 | -4.3% | 9.9% |
| 营收同比 | 67.3% | 1.9% |
| 净利润同比 | 64.6% | -29.0% |
| 每股收益（稀释后） | $-0.08 | — |
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GOGOIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $230.6M | $212.9M | ||
| Q3 25 | $223.6M | $226.9M | ||
| Q2 25 | $226.0M | $216.9M | ||
| Q1 25 | $230.3M | $214.9M | ||
| Q4 24 | $137.8M | $213.0M | ||
| Q3 24 | $100.5M | $212.8M | ||
| Q2 24 | $102.1M | $201.1M |
净利润GOGOIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-10.0M | $24.9M | ||
| Q3 25 | $-1.9M | $37.1M | ||
| Q2 25 | $12.8M | $22.0M | ||
| Q1 25 | $12.0M | $30.4M | ||
| Q4 24 | $-28.2M | $36.3M | ||
| Q3 24 | $10.6M | $24.4M | ||
| Q2 24 | $839.0K | $32.3M |
毛利率GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率GOGOIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 6.2% | 25.9% | ||
| Q3 25 | 12.9% | 30.9% | ||
| Q2 25 | 15.9% | 23.2% | ||
| Q1 25 | 15.3% | 28.1% | ||
| Q4 24 | -17.5% | 24.5% | ||
| Q3 24 | 19.0% | 25.8% | ||
| Q2 24 | 21.2% | 21.7% |
净利率GOGOIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | -4.3% | 11.7% | ||
| Q3 25 | -0.9% | 16.4% | ||
| Q2 25 | 5.7% | 10.1% | ||
| Q1 25 | 5.2% | 14.2% | ||
| Q4 24 | -20.5% | 17.1% | ||
| Q3 24 | 10.6% | 11.5% | ||
| Q2 24 | 0.8% | 16.1% |
每股收益（稀释后）GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-0.08 | $0.24 | ||
| Q3 25 | $-0.01 | $0.35 | ||
| Q2 25 | $0.09 | $0.20 | ||
| Q1 25 | $0.09 | $0.27 | ||
| Q4 24 | $-0.22 | $0.30 | ||
| Q3 24 | $0.08 | $0.21 | ||
| Q2 24 | $0.01 | $0.27 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $101.1M | — |
| 总资产 | $1.3B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | $125.2M | $96.5M | ||
| Q3 25 | $133.6M | $88.5M | ||
| Q2 25 | $102.1M | $79.3M | ||
| Q1 25 | $70.3M | $50.9M | ||
| Q4 24 | $41.8M | $93.5M | ||
| Q3 24 | $176.7M | $159.6M | ||
| Q2 24 | $161.6M | $63.5M |
总债务GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | $101.1M | $462.6M | ||
| Q3 25 | $107.0M | $450.5M | ||
| Q2 25 | $102.8M | $473.6M | ||
| Q1 25 | $82.9M | $518.4M | ||
| Q4 24 | $69.3M | $576.6M | ||
| Q3 24 | $52.7M | $663.8M | ||
| Q2 24 | $52.0M | $786.7M |
总资产GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $810.7M | $2.8B | ||
| Q2 24 | $802.7M | $2.7B |
负债/权益比GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 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% | 13.7% |
| 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GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | $8.5M | $108.6M | ||
| Q3 25 | $46.8M | $100.8M | ||
| Q2 25 | $36.7M | $129.6M | ||
| Q1 25 | $32.5M | $61.1M | ||
| Q4 24 | $-38.3M | $104.8M | ||
| Q3 24 | $25.1M | $118.6M | ||
| Q2 24 | $24.9M | $81.1M |
自由现金流GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-25.4M | $75.1M | ||
| Q3 25 | $27.3M | $79.2M | ||
| Q2 25 | $33.5M | $108.9M | ||
| Q1 25 | $29.7M | $36.5M | ||
| Q4 24 | $-42.6M | $80.5M | ||
| Q3 24 | $20.7M | $100.0M | ||
| Q2 24 | $21.6M | $68.7M |
自由现金流率GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | -11.0% | 35.3% | ||
| Q3 25 | 12.2% | 34.9% | ||
| Q2 25 | 14.8% | 50.2% | ||
| Q1 25 | 12.9% | 17.0% | ||
| Q4 24 | -30.9% | 37.8% | ||
| Q3 24 | 20.6% | 47.0% | ||
| Q2 24 | 21.1% | 34.2% |
资本支出强度GOGOIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 14.7% | 15.7% | ||
| Q3 25 | 8.7% | 9.5% | ||
| Q2 25 | 1.4% | 9.5% | ||
| Q1 25 | 1.2% | 11.4% | ||
| Q4 24 | 3.1% | 11.4% | ||
| Q3 24 | 4.4% | 8.7% | ||
| Q2 24 | 3.3% | 6.2% |
现金转化率GOGOIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | 2.87× | 5.90× | ||
| Q1 25 | 2.70× | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | 2.36× | 4.85× | ||
| Q2 24 | 29.74× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $43.9M | 20% |
| Government | $35.8M | 16% |
| Government service revenue (5) | $26.8M | 12% |
| Subscriber equipment | $23.1M | 11% |
| Hosted payload and other data service (4) | $14.9M | 7% |
| Broadband (3) | $12.9M | 6% |
| Commercial | $1.6M | 1% |
