Cogent Communications
CCOI
8.54
-1.02
-10.67%
Cogent Communications
US · CCOI
#3741 by market cap
8.54
-1.02
-10.67%
Live - 5344 symbols - heartbeat 101s ago
· 2026-10-09 20:02
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.06, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -5.82% YoY
Margins
- Gross margin
- 45.18%
- Operating margin
- -10.64%
- Net margin
- -18.67%
Key ratios & quality
- Enterprise valuei
- 2.08B
- Altman Z-Scorei
- 0.06
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 520.19M | 546.16M | 568.10M | 589.80M | 599.60M | 940.92M | 1.04B | 975.77M |
| Gross profit | 300.67M | 326.36M | 348.95M | 363.46M | 371.45M | 396.69M | 394.27M | 440.80M |
| Selling & admin expenses | 133.86M | 146.91M | 158.48M | 162.38M | 163.02M | 275.32M | 275.78M | 274.44M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 85.58M | 99.20M | 106.99M | 111.84M | 116.21M | -110.84M | -179.53M | -103.81M |
| Pretax profit | 41.38M | 52.67M | 10.31M | 71.42M | 26.38M | 1.22B | -259.65M | -244.97M |
| Tax | 12.72M | 15.15M | 4.10M | 23.24M | 21.23M | -53.96M | -55.58M | -62.79M |
| Net profit | 28.67M | 37.52M | 6.22M | 48.19M | 5.15M | 1.27B | -204.07M | -182.17M |
| Basic EPS | 1 | 1 | 0 | 1 | 0 | 27 | -4 | -4 |
| Diluted EPS | 0.63 | 0.81 | 0.13 | 1.03 | 0.11 | 26.62 | -4.28 | -3.80 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 247.05M | 246.25M | 241.95M | 240.52M | 239.19M | 235.56M |
| Gross profit | 109.61M | 108.76M | 110.27M | 112.17M | 109.96M | 110.55M |
| Selling & admin expenses | 73.86M | 64.92M | 70.42M | 65.23M | 72.34M | 72.10M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -40.29M | -31.46M | -20.58M | -11.48M | -16.44M | -14.50M |
| Pretax profit | -70.26M | -74.53M | -52.60M | -47.58M | -50.98M | 83.12M |
| Tax | -18.22M | -16.72M | -11.05M | -16.80M | -11.44M | 16.49M |
| Net profit | -52.04M | -57.81M | -41.54M | -30.78M | -39.54M | 66.64M |
| Basic EPS | -1 | -1 | -1 | -1 | -1 | 1 |
| Diluted EPS | -1.09 | -1.21 | -0.87 | -0.64 | -0.83 | 1.38 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 350.34M | 475.73M | 456.34M | 409.58M | 365.91M | 513.63M | 482.10M | 450.58M |
| Cash & ST investments | 276.09M | 399.42M | 371.30M | 319.61M | 223.78M | 75.09M | 198.49M | 148.52M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 739.85M | 932.12M | 1.00B | 984.56M | 1.01B | 3.21B | 3.17B | 3.10B |
| Total current liabilities | 75.31M | 89.69M | 94.44M | 81.01M | 120.28M | 373.32M | 253.34M | 220.84M |
| Short-term debt | 7.07M | 18.26M | 26.85M | 29.25M | 29.19M | 132.56M | 78.40M | 80.69M |
| Long-term debt | 631.46M | 782.46M | 869.65M | 891.42M | 944.26M | 945.59M | 1.44B | 1.71B |
| Total liabilities | 888,852,000.00 | 1,135,803,000.00 | 1,293,643,000.00 | 1,357,655,000.00 | 1,528,814,000.00 | 2,602,063,000.00 | 2,950,254,000.00 | 3,163,632,000.00 |
| Total equity | -149.00M | -203.68M | -293.17M | -373.10M | -518.63M | 609.56M | 222.85M | -63.85M |
| Retained earnings | -609.45M | -684.58M | -807.77M | -909.88M | -1.07B | 17.14M | -376.35M | -708.58M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 422.68M | 560.97M | 479.77M | 450.58M | 430.28M | 606.15M |
| Cash & ST investments | 153.81M | 213.65M | 147.09M | 148.52M | 140.27M | 183.70M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 3.12B | 3.27B | 3.15B | 3.10B | 3.06B | 3.10B |
| Total current liabilities | 283.42M | 243.29M | 237.55M | 220.84M | 226.07M | 959.57M |
| Short-term debt | 80.66M | 77.46M | 80.12M | 80.69M | 77.63M | 820.54M |
| Long-term debt | 1.44B | 1.71B | 1.71B | 1.71B | 1.72B | 949.91M |
| Total liabilities | 2,977,878,000.00 | 3,223,863,000.00 | 3,187,441,000.00 | 3,163,632,000.00 | 3,160,728,000.00 | 3,137,999,000.00 |
| Total equity | 142.84M | 46.67M | -39.17M | -63.85M | -104.16M | -34.13M |
| Retained earnings | -477.52M | -584.89M | -675.50M | -708.58M | -749.42M | -685.07M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 133.92M | 148.81M | 140.32M | 170.26M | 173.71M | 17.35M | -8.65M | -10.58M |
| Depreciation & amortization | 81.23M | 80.25M | 83.48M | 89.24M | 92.22M | 232.21M | 298.02M | 270.18M |
| Free cash flow | 83.98M | 101.85M | 84.37M | 100.34M | 94.74M | -112.29M | -203.64M | -198.15M |
| Dividends paid | -97.89M | -112.65M | -129.41M | -150.29M | -169.86M | -181.72M | -189.41M | -150.06M |
| Stock buybacks / issuance | -6.56M | 0 | -4.50M | -- | 0 | 0 | -7.97M | -16.69M |
| Ending cash balance | 276.09M | 399.42M | 371.30M | 328.62M | 275.91M | 113.78M | 227.92M | 205.11M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 36.35M | -44.04M | 3.10M | -5.99M | 14.83M | 3.20M |
| Depreciation & amortization | 76.04M | 75.29M | 60.43M | 58.43M | 54.06M | 52.95M |
| Free cash flow | -21.74M | -100.24M | -33.15M | -43.02M | -31.41M | -35.34M |
| Dividends paid | -49.13M | -49.56M | -49.07M | -2.30M | -1.30M | -2.28M |
| Stock buybacks / issuance | -- | -- | -5.17M | 0 | -- | -- |
| Ending cash balance | 183.97M | 306.73M | 226.29M | 205.11M | 179.27M | 369.67M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -- | -- | -- | 2,801.11 | -49.03 | -229.15 |
| ROA %i | 3.95 | 4.49 | 0.64 | 4.85 | 0.52 | 60.33 | -6.39 | -5.81 |
| ROIC %i | -- | -- | -- | -- | -- | 81.22 | -5.52 | -3.07 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 17.77 | 20.16 | 12.81 | 23.48 | 15.67 | 140.95 | -13.16 | -8.57 |
| FCF / sales %i | 16.14 | 18.65 | 14.85 | 17.01 | 15.80 | -- | -- | -- |
| Current ratioi | 4.65 | 5.30 | 4.83 | 5.06 | 3.04 | 1.38 | 1.90 | 2.04 |
| Quick ratioi | 4.22 | 4.90 | 4.40 | 4.46 | 2.23 | 1.06 | 1.49 | 1.48 |
| Debt / assetsi | 107.49 | 112.54 | 121.07 | 128.11 | 134.14 | 56.92 | 73.65 | 85.86 |
| LT debt / equityi | -- | -- | -- | -- | -- | 278.17 | 1,013.48 | -- |
| Interest coveragei | 1.81 | 1.92 | 1.17 | 2.06 | 1.39 | 12.42 | -1.11 | -0.52 |
| Revenue CAGR (3Y) %i | 8.77 | 6.91 | 5.40 | 4.27 | 3.16 | 18.32 | 20.66 | 17.62 |
| Net income CAGR (3Y) %i | 80.24 | 35.96 | 1.89 | 18.90 | -48.43 | 489.51 | -- | -- |
| FCF CAGR (3Y) %i | 20.31 | 17.53 | 8.58 | 6.11 | -2.39 | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -59.30 | -93.59 | -136.94 | -229.15 | -877.28 | -721.50 |
| ROA %i | -6.09 | -6.54 | -6.13 | -5.81 | -5.49 | -1.42 |
| ROIC %i | -4.83 | -4.86 | -3.83 | -3.07 | -2.37 | 1.94 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -11.48 | -13.76 | -9.86 | -8.57 | -5.74 | 10.83 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.49 | 2.31 | 2.02 | 2.04 | 1.90 | 0.63 |
| Quick ratioi | 1.15 | 1.62 | 1.39 | 1.48 | 1.43 | 0.37 |
| Debt / assetsi | 75.66 | 81.50 | 84.12 | 85.86 | 87.08 | 84.92 |
| LT debt / equityi | 1,596.43 | 5,545.92 | -- | -- | -- | -- |
| Interest coveragei | -0.91 | -0.97 | -0.63 | -0.52 | -0.33 | 0.60 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- On-net is the largest reported line at 57.47% of revenue, across 4 reported segments.
- Off-net follows at 35.87%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
On-net57.47%
Off-net35.87%
Wavelengths6.30%
Non-core0.37%
Quote time 2026-10-09 20:02:34 · For reference only, not investment advice and not tailored to your situation.
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