Gogo vs Shenandoah Telecommunications
Gogo reported revenue of $910 million in fiscal 2025, 2.5 times Shenandoah Telecommunications' $358 million in fiscal 2025. Gogo's revenue grew 104.7% in its latest year, and Shenandoah Telecommunications' grew 9.1%. Gogo had an operating margin of 12.5%, against -6.5% at Shenandoah Telecommunications. Free cash flow was $65 million at Gogo and −$258 million at Shenandoah Telecommunications.
Side by side
| Gogo | Shenandoah Telecommunications | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $910M | $358M |
| Revenue growth | 104.7% | 9.1% |
| Revenue growth a year, last 5 years | 27.5% | 10.1% |
| Gross margin | — | — |
| Operating margin | 12.5% | −6.5% |
| Net margin | 1.4% | −9.2% |
| Free cash flow | $65M | −$258M |
| Free cash flow margin | 7.2% | −72.1% |
| Return on capital | 6.8% | −1.3% |
| Net debt to EBITDA | 4.1x | 5.8x |
| Dividends and buybacks | $0M | $6M |
| Change in diluted share count | 3.9% | 2.6% |
| Last close | $3.88 | $9.65 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | — | bought $89,172, sold $0 |
| Piotroski F-score | 5 of 8 | 3 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
GogoShenandoah Telecommunications
Operating margin
Percent of revenue
GogoShenandoah Telecommunications
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
GogoShenandoah Telecommunications
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Gogo and Shenandoah Telecommunications pages.