Gogo vs Spok
Gogo reported revenue of $910 million in fiscal 2025, 6.5 times Spok's $140 million in fiscal 2025. Gogo's revenue grew 104.7% in its latest year, and Spok's grew 1.5%. Gogo had an operating margin of 12.5%, against 14.1% at Spok. Free cash flow was $65 million at Gogo and $25 million at Spok.
Side by side
| Gogo | Spok | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $910M | $140M |
| Revenue growth | 104.7% | 1.5% |
| Revenue growth a year, last 5 years | 27.5% | −1.2% |
| Gross margin | — | 78.7% |
| Operating margin | 12.5% | 14.1% |
| Net margin | 1.4% | 11.4% |
| Free cash flow | $65M | $25M |
| Free cash flow margin | 7.2% | 18.0% |
| Return on capital | 6.8% | 11.8% |
| Net debt to EBITDA | 4.1x | −1.1x |
| Dividends and buybacks | $0M | $27M |
| Change in diluted share count | 3.9% | 2.4% |
| Last close | $3.88 | $11.76 |
| P/E at the last close | — | 13.4× |
| Insider trades, last 12 months | — | — |
| Piotroski F-score | 5 of 8 | 5 of 9 |
Amounts in each company's own currency, US$ 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
GogoSpok
Operating margin
Percent of revenue
GogoSpok
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
GogoSpok