Gogo Inc. (GOGO) intrinsic value & 10-year financials
Gogo Inc. (GOGO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 4.8% a year to $910.5M, with an average return on invested capital of 9.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.13
- Market cap
- $290.9K
- Revenue (FY2025)
- $910.5M
- Revenue growth (10-yr CAGR)
- 4.8%
- ROIC (10-yr avg)
- 9.1%
- Free cash flow (FY2025)
- $65.1M
GOGO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $910.5M | $12.9M | $0.09 | $65.1M | 12.5% | 6.3% |
| FY2024 | $444.7M | $13.7M | $0.10 | $27.9M | 11.5% | 5.2% |
| FY2023 | $397.6M | $145.7M | $1.09 | $62.7M | 31.2% | 22.7% |
| FY2022 | $404.1M | $92.1M | $0.71 | $59.5M | 35.2% | 26.4% |
| FY2021 | $335.7M | $152.7M | $1.28 | $62.4M | 35.9% | 22.1% |
| FY2020 | $269.7M | -$250.0M | -$3.04 | $2.7M | 28.3% | 20.6% |
| FY2019 | $835.7M | -$146.0M | -$1.81 | -$36.1M | 4.4% | 6.2% |
| FY2018 | $893.8M | -$162.0M | — | -$190.9M | -3.0% | -4.5% |
| FY2017 | $699.1M | -$172.0M | — | -$192.1M | -9.2% | -10.1% |
| FY2016 | $596.5M | -$124.5M | — | -$83.3M | -4.5% | -4.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Gogo Inc. has demonstrated mature, steady growth, with revenue compounding at 4.8% annually over the past decade.
Gogo Inc. returns on capital have been average, hovering around 9.1% ROIC over the decade.
Gogo Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Gogo Inc. is modeled at -48.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-6.87 per share.