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Gogo Inc.（GOGO）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是Gogo Inc.的16.5倍（$3.8B vs $230.6M）。Gogo Inc.净利率更高（-4.3% vs -31.8%，领先27.5%）。Gogo Inc.同比增速更快（67.3% vs -4.3%）。Gogo Inc.自由现金流更多（$-25.4M vs $-583.4M）。过去两年Gogo Inc.的营收复合增速更高（48.7% vs -2.8%）
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。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
GOGO vs SATS — 直观对比
营收规模更大
SATS
是对方的16.5倍
$230.6M
营收增速更快
GOGO
高出71.6%
-4.3%
净利率更高
GOGO
高出27.5%
-31.8%
自由现金流更多
GOGO
多$558.0M
$-583.4M
两年增速更快
GOGO
近两年复合增速
-2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $230.6M | $3.8B |
| 净利润 | $-10.0M | $-1.2B |
| 毛利率 | — | — |
| 营业利润率 | 6.2% | -20.5% |
| 净利率 | -4.3% | -31.8% |
| 营收同比 | 67.3% | -4.3% |
| 净利润同比 | 64.6% | -460.1% |
| 每股收益（稀释后） | $-0.08 | $-4.27 |
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GOGOSATS
| Q4 25 | $230.6M | $3.8B | ||
| Q3 25 | $223.6M | $3.6B | ||
| Q2 25 | $226.0M | $3.7B | ||
| Q1 25 | $230.3M | $3.9B | ||
| Q4 24 | $137.8M | $4.0B | ||
| Q3 24 | $100.5M | $3.9B | ||
| Q2 24 | $102.1M | $4.0B | ||
| Q1 24 | $104.3M | $4.0B |
净利润GOGOSATS
| Q4 25 | $-10.0M | $-1.2B | ||
| Q3 25 | $-1.9M | $-12.8B | ||
| Q2 25 | $12.8M | $-306.1M | ||
| Q1 25 | $12.0M | $-202.7M | ||
| Q4 24 | $-28.2M | $335.2M | ||
| Q3 24 | $10.6M | $-141.8M | ||
| Q2 24 | $839.0K | $-205.6M | ||
| Q1 24 | $30.5M | $-107.4M |
毛利率GOGOSATS
| 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GOGOSATS
| Q4 25 | 6.2% | -20.5% | ||
| Q3 25 | 12.9% | -460.5% | ||
| Q2 25 | 15.9% | -5.7% | ||
| Q1 25 | 15.3% | -2.3% | ||
| Q4 24 | -17.5% | -1.6% | ||
| Q3 24 | 19.0% | -4.1% | ||
| Q2 24 | 21.2% | -1.7% | ||
| Q1 24 | 33.2% | -0.4% |
净利率GOGOSATS
| Q4 25 | -4.3% | -31.8% | ||
| Q3 25 | -0.9% | -353.6% | ||
| Q2 25 | 5.7% | -8.2% | ||
| Q1 25 | 5.2% | -5.2% | ||
| Q4 24 | -20.5% | 8.5% | ||
| Q3 24 | 10.6% | -3.6% | ||
| Q2 24 | 0.8% | -5.2% | ||
| Q1 24 | 29.2% | -2.7% |
每股收益（稀释后）GOGOSATS
| Q4 25 | $-0.08 | $-4.27 | ||
| Q3 25 | $-0.01 | $-44.37 | ||
| Q2 25 | $0.09 | $-1.06 | ||
| Q1 25 | $0.09 | $-0.71 | ||
| Q4 24 | $-0.22 | $1.24 | ||
| Q3 24 | $0.08 | $-0.52 | ||
| Q2 24 | $0.01 | $-0.76 | ||
| Q1 24 | $0.23 | $-0.40 |
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 | $3.0B |
| 总债务越低越好 | — | $18.7B |
| 股东权益账面价值 | $101.1M | $5.8B |
| 总资产 | $1.3B | $43.0B |
| 负债/权益比越低杠杆越低 | — | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资GOGOSATS
| Q4 25 | $125.2M | $3.0B | ||
| Q3 25 | $133.6M | $3.9B | ||
| Q2 25 | $102.1M | $4.3B | ||
| Q1 25 | $70.3M | $5.1B | ||
| Q4 24 | $41.8M | $5.5B | ||
| Q3 24 | $176.7M | $674.4M | ||
| Q2 24 | $161.6M | $520.6M | ||
| Q1 24 | $152.8M | $766.4M |
总债务GOGOSATS
| Q4 25 | — | $18.7B | ||
| Q3 25 | — | $21.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $25.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $951.0M |
股东权益GOGOSATS
| Q4 25 | $101.1M | $5.8B | ||
| Q3 25 | $107.0M | $7.0B | ||
| Q2 25 | $102.8M | $19.7B | ||
| Q1 25 | $82.9M | $20.0B | ||
| Q4 24 | $69.3M | $20.2B | ||
| Q3 24 | $52.7M | $19.4B | ||
| Q2 24 | $52.0M | $19.6B | ||
| Q1 24 | $62.4M | $19.8B |
总资产GOGOSATS
| Q4 25 | $1.3B | $43.0B | ||
| Q3 25 | $1.3B | $45.3B | ||
| Q2 25 | $1.3B | $59.9B | ||
| Q1 25 | $1.2B | $60.6B | ||
| Q4 24 | $1.2B | $60.9B | ||
| Q3 24 | $810.7M | $57.5B | ||
| Q2 24 | $802.7M | $55.3B | ||
| Q1 24 | $809.0M | $55.6B |
负债/权益比GOGOSATS
| Q4 25 | — | 3.24× | ||
| Q3 25 | — | 3.13× | ||
| Q2 25 | — | 1.29× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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 | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $-25.4M | $-583.4M |
| 自由现金流率自由现金流/营收 | -11.0% | -15.4% |
| 资本支出强度资本支出/营收 | 14.7% | 4.2% |
| 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 | $-1.1B |
8季度趋势，按日历期对齐
经营现金流GOGOSATS
| Q4 25 | $8.5M | $-425.3M | ||
| Q3 25 | $46.8M | $111.7M | ||
| Q2 25 | $36.7M | $7.5M | ||
| Q1 25 | $32.5M | $206.8M | ||
| Q4 24 | $-38.3M | $45.6M | ||
| Q3 24 | $25.1M | $276.2M | ||
| Q2 24 | $24.9M | $479.7M | ||
| Q1 24 | $29.7M | $451.3M |
自由现金流GOGOSATS
| Q4 25 | $-25.4M | $-583.4M | ||
| Q3 25 | $27.3M | $-144.4M | ||
| Q2 25 | $33.5M | $-285.7M | ||
| Q1 25 | $29.7M | $-51.7M | ||
| Q4 24 | $-42.6M | $-298.7M | ||
| Q3 24 | $20.7M | $-57.5M | ||
| Q2 24 | $21.6M | $132.4M | ||
| Q1 24 | $28.2M | $-68.4M |
自由现金流率GOGOSATS
| Q4 25 | -11.0% | -15.4% | ||
| Q3 25 | 12.2% | -4.0% | ||
| Q2 25 | 14.8% | -7.7% | ||
| Q1 25 | 12.9% | -1.3% | ||
| Q4 24 | -30.9% | -7.5% | ||
| Q3 24 | 20.6% | -1.5% | ||
| Q2 24 | 21.1% | 3.3% | ||
| Q1 24 | 27.0% | -1.7% |
资本支出强度GOGOSATS
| Q4 25 | 14.7% | 4.2% | ||
| Q3 25 | 8.7% | 7.1% | ||
| Q2 25 | 1.4% | 7.9% | ||
| Q1 25 | 1.2% | 6.7% | ||
| Q4 24 | 3.1% | 8.7% | ||
| Q3 24 | 4.4% | 8.6% | ||
| Q2 24 | 3.3% | 8.8% | ||
| Q1 24 | 1.4% | 12.9% |
现金转化率GOGOSATS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.87× | — | ||
| Q1 25 | 2.70× | — | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | 2.36× | — | ||
| 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% |
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
