What is Gogo's return on invested capital?

Gogo (GOGO) reported return on invested capital of 12% in Q1 2026.

What is the long-term trend for Gogo's return on invested capital?

Over 4 years (2020 to 2025), Gogo's return on invested capital has grown at a -11.3% compound annual growth rate (CAGR), from 20.2% to 12.5%.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

Gogo GOGO Return on invested capital

Return on invested capital at other companies

General DynamicsGD

14%+0.9pp

Raytheon TechnologiesRTX

8.1%+2.9pp

L3Harris TechnologiesLHX

11.7%+1.4pp

Honeywell InternationalHON

13.3%-2.3pp

ViasatVSAT

1.4%+0.9pp

Northrop GrummanNOC

13.2%+2.3pp

Other financials

Income statement

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Revenue$226.3M-1.7%

Operating income$31.7M-9.9%

Net income$13.1M+8.7%

EPS (diluted)$0.10+11.1%

Balance sheet

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Cash & equivalents$103.5M+47.3%

Total debt$903.2M-1.0%

Total equity$118.0M+42.3%

Total assets$1.3B+3.5%

Cash flow

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Operating cash flow-$7.2M-122%

CapEx$25.7M+835%

Free cash flow-$33.0M-211%

Valuation

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Market cap$424.65M-77.3%

Enterprise value$1.22B-54.9%

P/E11.8×+4.7×

P/S0.5×-2.8×

Profitability

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Operating margin12.2%—

Net margin13.9%-25.0pp

FCF margin23.3%+8.2pp

Returns & leverage

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Return on equity130.8%—

Debt / equity7.7×-3.3×

Current ratio1.7×-0.2×

Where this comes from

Calculated from Gogo’s reported figures.

nopat/invested capital=12%

Based on trailing twelve months.

The official record: Gogo’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Gogo's return on invested capital?: Gogo (GOGO) reported return on invested capital of 12% in Q1 2026.
What is the long-term trend for Gogo's return on invested capital?: Over 4 years (2020 to 2025), Gogo's return on invested capital has grown at a -11.3% compound annual growth rate (CAGR), from 20.2% to 12.5%.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.