Cogent carries over one-fifth of the world's internet traffic on its network, providing high-capacity services to businesses. Cogent's netcentric customers, which contribute nearly half of total revenue, include internet service providers and content providers, to which Cogent provides internet transit service.
It is a $450M communication services company. Revenue shrank 4.5% over the last year, it currently loses money, and it carries $2.52B of net debt.
- Website
- cogentco.com
- Location
- Washington, DC
- Employees
- 1 833
- Sector
- Communication Services
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth, Profitability, Health and Moat lag behind.
Valuation62
- P/E vs own history40th pct · 12/25
- FCF yield-31.8% · 0/25
- P/S0.5x · 25/25
- EV/EBITDA8.5x · 25/25
Growth20
- Revenue CAGR13.4% · 20/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growthn/a · 0/25
Profitability12
- ROIC-7.4% · 0/25
- ROE-117.6% · 0/25
- Net margin-4.7% · 0/25
- Operating margin8.1% · 12/25
Health3
- Altman Z-0.25 · 3/25
- Current ratio0.63 · 0/25
- Interest coverage-0.8x · 0/25
- Net cash / debtD/A 81% · 0/25
Quality72
- Piotroski F4/9 · 10/25
- Beneish M-2.96 · 25/25
- FCF conversion316% · 25/25
- Margin stabilityσ 14.5% · 12/25
Moat41
- ROIC >12% years2/5 yrs · 6/25
- Median gross margin57.3% · 25/25
- FCF-positive years7/10 yrs · 10/25
- Worst-year net marginworst -19.7% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2024FinancialRevenue crossed $1B$1.04B for the year
- FY2023FinancialBest year on record$1.27B net income
- FY2016FinancialFirst recorded profitable year$14.9M net income
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (46.3%)
Watch-outs
- Revenue shrinking 4.5% year over year
- Not profitable — 4.7% net margin
- Negative free cash flow (-$142.9M)
- Altman Z-Score -0.25 — elevated financial-distress risk
- Thin interest coverage (-0.8×)
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-4.5% YoY
- Profitable — makes more than it spends-$45.2M TTM
- Profit growing — earnings are higher than last year+10.7% YoY
- Generates cash — cash left after running and investing-$143M TTM
- Debt under control — could handle its obligationscurrent ratio 0.63
- Established company — not a micro-cap — lower blow-up risk$450M market cap
- Not printing shares — share count not ballooning — you keep your slice+2.7% shares over ~5y
- Proven track record — years of profitability behind it8/10 profitable years
- Financially stable — balance sheet not near distressAltman Z -0.2 — distress
- Pays a dividend — returns cash to shareholdersyield 12.56%
- Valuation not extreme — price not wildly above earningsP/E 568.5
Peer comparisonCogent Communications Holdings, Inc. vs 6 largest communication services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CCOI this company | $450M | 568.5 | -4.5% | -4.7% | Strained |
| VZ Verizon Communications | $173.7B | 10.6 | +1.4% | 11.6% | Strained |
| TMUS T-Mobile US, Inc. | $159.6B | 15.1 | +9.7% | 11.5% | Strained |
| T AT&T Inc. | $152.3B | 7.1 | +2.6% | 16.9% | Strained |
| WBD Warner Bros. Discovery, Inc. Series A | $77.6B | 106.6 | -6.1% | -8.8% | Strained |
| CMCSA Comcast Corp | $73.4B | 6.5 | +0.6% | 9.0% | Strained |
| ECHO EchoStar Corporation | $27.7B | — | -5.2% | -38.7% | Mixed |
Head-to-head: CCOI vs VZ · CCOI vs TMUS · CCOI vs T
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CCOI
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of CCOI on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $8.69 · market cap $450M.