Gogo Inc. (GOGO) Financial Ratios
17 years of historical data (2009–2025) · Communication Services · Telecommunications Services
EV/EBITDA
↓
7.33
↓-57% vs avg
5yr avg: 16.88
30Y Low8.4·High38.3
P/FCF
↓
6.79
↓-76% vs avg
5yr avg: 28.23
30Y Low3.7·High41.6
P/B Ratio
↓
4.42
↓-76% vs avg
5yr avg: 18.26
30Y Low6.3·High33.2
ROE
↓
15.2%
↑-89% vs avg
5yr avg: 132.6%
30Y Low-82%·High358%
Debt/EBITDA
↓
5.51
↓-21% vs avg
5yr avg: 6.99
30Y Low4.8·High22.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GOGO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Gogo Inc. trades at 34.6x earnings, roughly in line with its 5-year average of 34.2x, sitting at the 60th percentile of its historical range. Compared to the Communication Services sector median P/E of 14.9x, the stock trades at a premium of 131%. On a free-cash-flow basis, the stock trades at 6.8x P/FCF, 76% below the 5-year average of 28.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $442M | $637M | $1.1B | $1.4B | $2.0B | $1.7B | $792M | $517M | $239M | $896M | $728M |
| Enterprise Value | $1.3B | $1.5B | $1.9B | $1.9B | $2.6B | $2.5B | $1.6B | $1.5B | $1.1B | $1.7B | $1.4B |
| P/E Ratio → | 34.57 | 49.26 | 80.90 | 9.29 | 20.79 | 10.57 | — | — | — | — | — |
| P/S Ratio | 0.49 | 0.70 | 2.39 | 3.40 | 4.89 | 5.13 | 2.94 | 1.67 | 0.27 | 1.28 | 1.22 |
| P/B Ratio | 4.42 | 6.29 | 15.34 | 33.15 | — | — | — | — | — | — | — |
| P/FCF | 6.79 | 9.78 | — | 24.60 | 36.95 | 41.58 | 3.67 | — | — | — | — |
| P/OCF | 3.55 | 5.11 | 25.67 | 17.10 | 19.12 | 26.28 | — | 8.07 | — | 14.87 | 11.20 |
P/E links to full P/E history page with 30-year chart
GOGO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Gogo Inc.'s enterprise value stands at 7.3x EBITDA, 57% below its 5-year average of 16.9x. The Communication Services sector median is 9.7x, placing the stock at a 24% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.62 | 4.35 | 4.75 | 6.46 | 7.34 | 5.83 | 4.85 | 1.21 | 2.43 | 2.37 |
| EV / EBITDA | 7.33 | 8.45 | 27.57 | 13.41 | 16.86 | 18.11 | 17.37 | 13.23 | 10.13 | 20.95 | 17.90 |
| EV / EBIT | 11.21 | 15.50 | 34.24 | 15.22 | 18.06 | 66.91 | 22.08 | 39.11 | — | — | — |
| EV / FCF | — | 22.62 | — | 34.42 | 48.83 | 59.53 | 7.29 | — | — | — | — |
GOGO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Gogo Inc. earns an operating margin of 12.5%, above the Communication Services sector average of 1.5%. Operating margins have compressed from 31.2% to 12.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 15.2% indicates solid capital efficiency. ROIC of 9.1% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.1% | 59.1% | 62.5% | 66.6% | 66.4% | 69.6% | 68.7% | 69.6% | 42.5% | 53.2% | 53.9% |
| Operating Margin | 12.5% | 12.5% | 11.5% | 31.2% | 35.2% | 35.9% | 28.3% | 31.2% | -3.0% | -9.2% | -4.5% |
| Net Profit Margin | 1.4% | 1.4% | 3.1% | 36.6% | 22.8% | 45.5% | -92.7% | -47.3% | -18.1% | -24.6% | -20.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.2% | 15.2% | 25.0% | 357.7% | — | — | — | — | — | — | -965.1% |
| ROA | 1.0% | 1.0% | 1.4% | 18.9% | 13.1% | 23.1% | -26.5% | -11.8% | -12.1% | -13.0% | -11.1% |
| ROIC | 9.1% | 9.1% | 5.1% | 16.7% | 22.3% | 32.2% | 15.9% | 12.5% | -3.4% | -7.6% | -4.4% |
| ROCE | 11.0% | 11.0% | 5.8% | 17.9% | 25.1% | 34.7% | 12.8% | 10.0% | -2.6% | -6.2% | -3.0% |
GOGO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Gogo Inc. carries a Debt/EBITDA ratio of 5.5x, which is highly leveraged (50% above the sector average of 3.7x). Net debt stands at $836M ($962M total debt minus $125M cash). Interest coverage of just 1.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 9.51 | 9.51 | 13.20 | 16.65 | — | — | — | — | — | — | — |
| Debt / EBITDA | 5.51 | 5.51 | 13.03 | 4.81 | 5.07 | 6.53 | 13.42 | 10.16 | 9.61 | 12.34 | 10.17 |
| Net Debt / Equity | — | 8.27 | 12.60 | 13.24 | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 4.80 | 4.80 | 12.43 | 3.83 | 4.10 | 5.46 | 8.61 | 8.66 | 7.89 | 9.93 | 8.69 |
| Debt / FCF | — | 12.84 | — | 9.82 | 11.88 | 17.95 | 3.61 | — | — | — | — |
| Interest Coverage | 1.39 | 1.39 | 1.47 | 3.76 | 3.72 | 0.55 | 0.57 | 0.29 | -0.35 | -0.58 | -0.48 |
GOGO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.60x means Gogo Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.24x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 4.37x to 1.60x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.60 | 1.60 | 1.77 | 4.37 | 3.84 | 1.33 | 1.17 | 1.68 | 1.95 | 1.87 | 2.41 |
| Quick Ratio | 1.24 | 1.24 | 1.24 | 3.49 | 3.26 | 1.15 | 1.10 | 1.54 | 1.31 | 1.73 | 2.21 |
| Cash Ratio | 0.47 | 0.47 | 0.23 | 1.93 | 2.08 | 0.77 | 0.99 | 0.67 | 0.75 | 1.29 | 1.82 |
| Asset Turnover | — | 0.70 | 0.36 | 0.51 | 0.53 | 0.52 | 0.40 | 0.25 | 0.71 | 0.50 | 0.48 |
| Inventory Turnover | 3.77 | 3.77 | 1.70 | 2.10 | 2.75 | 3.01 | 3.00 | 2.67 | 2.66 | 7.18 | 5.47 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
GOGO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Gogo Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 2.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 2.0% | 1.2% | 10.8% | 4.8% | 9.5% | — | — | — | — | — |
| FCF Yield | 14.7% | 10.2% | — | 4.1% | 2.7% | 2.4% | 27.2% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 3.1% | 0.4% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 3.1% | 0.4% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $137M | $131M | $133M | $134M | $127M | $82M | $81M | $80M | $79M | $79M |
Peer Comparison
Compare GOGO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 GOGOYou | $442M | 34.6 | 7.3 | 6.8 | 59.1% | 12.5% | 15.2% | 9.1% | 5.5 |
 SATS | $30B | -2.1 | — | — | 37.1% | -118.1% | -178.7% | -32.9% | — |
 IRDM | $4B | 39.9 | 13.7 | 14.9 | 77.3% | 27.1% | 22.0% | 8.0% | 3.9 |
 GILT | $771M | 35.5 | 14.0 | 83.9 | 29.5% | 4.5% | 5.2% | 5.7% | 0.3 |
 VSAT | $8B | -248.9 | 9.3 | 14.2 | 27.4% | 2.3% | -0.7% | 0.8% | 4.7 |
 GSAT | $10B | -534.3 | 102.1 | 134.4 | 64.8% | 5.4% | -2.4% | 2.3% | 5.4 |
 TSAT | $638M | -5.7 | 19.2 | — | 36.8% | 13.7% | -7.3% | 0.9% | 17.1 |
 SPCE | $170M | -0.5 | — | — | -5680.7% | -18335.0% | -93.6% | -41.7% | — |
 RCL | $87B | 20.6 | 16.7 | 70.3 | 46.8% | 27.4% | 47.5% | 12.2% | 3.5 |
 NFLX | $303B | 28.4 | 10.2 | 32.0 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
 BA | $174B | 88.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
| Communication Services Median | — | 14.9 | 9.7 | 10.9 | 48.8% | 1.5% | 1.5% | 2.6% | 3.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 17 years · Updated daily
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GOGO — Frequently Asked Questions
Quick answers to the most common questions about buying GOGO stock.
What is Gogo Inc.'s P/E ratio?
Gogo Inc.'s current P/E ratio is 34.6x. The historical average is 34.2x. This places it at the 60th percentile of its historical range.
What is Gogo Inc.'s EV/EBITDA?
Gogo Inc.'s current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.4x.
What is Gogo Inc.'s ROE?
Gogo Inc.'s return on equity (ROE) is 15.2%. The historical average is 30.0%.
Is GOGO stock overvalued?
Based on historical data, Gogo Inc. is trading at a P/E of 34.6x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Gogo Inc.'s profit margins?
Gogo Inc. has 59.1% gross margin and 12.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Gogo Inc. have?
Gogo Inc.'s Debt/EBITDA ratio is 5.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.