CCOI
Cogent Communications Holdings, Inc.
Communication Services · Telecommunications Services
NASDAQ
$18.76
52W $16 – $62
P/E TTM
-0.74
PEG
P/FCF
P/Book
0.9×
P/Sales
19.6×
EV/EBITDA
EV/FCF
3.8×
EV/Sales
11.0%
Div Yield
-19.0%
Net Margin
-20.3%
FCF Margin
-2.5%
ROIC
$18.76
USDFY2025FY2024FY2023FY2022FY2021
Revenue975.77M1.04B940.92M599.60M589.80M
YoY Growth-5.8%+10.1%+56.9%+1.7%
Gross Profit170.62M394.27M396.69M371.45M363.46M
Gross Margin17.5%38.1%42.2%61.9%61.6%
R&D
SG&A76.57M275.78M275.32M163.02M162.38M
EBIT(83.60M)(136.33M)1.33B137.07M129.48M
EBIT Margin-8.6%-13.2%141.0%22.9%22.0%
D&A270.18M298.02M232.21M92.22M89.24M
EBITDA186.58M161.69M1.56B229.29M218.72M
EBITDA Margin19.1%15.6%165.6%38.2%37.1%
Net Income(182.17M)(204.07M)1.27B5.15M48.19M
Net Margin-18.7%-19.7%135.3%0.9%8.2%
EPS (diluted)$-3.80$-4.30$26.62$0.11$1.03
Shares (dil., M)4848484747

Company Brief

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, Web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers. It also provides Internet access and private network services to customers that are not located in buildings directly connected to its network; and on-net services to customers located in buildings that are physically connected to its network. In addition, the company offers off-net services to corporate customers using other carriers' circuits to provide the last mile portion of the link from the customers' premises to the network. Further, it operates data centers that allow its customers to collocate their equipment and access the network. The company operates 54 data centers and provides facilities to 3,035 buildings and on-net services to 1,817 to multi-tenant office buildings. It serves primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.

CEODavid SchaefferEmployees1,899IPO Date2002-02-05CountryUSWebsitewww.cogentco.com
Profitability (TTM)
Gross Margin32.1%
EBITDA Margin19.6%
EBIT Margin-8.6%
Net Margin-19.0%
FCF Margin-20.3%
ROE-842.5%
ROIC-2.5%
ROA-5.9%
ROCE-3.5%
Asset Turnover0.31×
Capital Efficiency (TTM)
ROIC-2.5%
ROE-842.5%
ROA-5.9%
ROCE-3.5%
Asset Turnover0.31×
FCF Margin-20.3%
Net Margin-19.0%
Ownership
Insider buys (12m)
Insider sells (12m)4 / 13K sh
Float91.7%
Shares Out.50.1M
Analyst Price Targets
Mean Target$27.50
Median Target$26.00
High Target$40
Low Target$21
vs. Mean+46.6%
Buy / Hold / Sell
Balance Sheet
Cash & ST Invest.$205.1M
Total Debt$2.9B
Net Cash / (Debt)-$2.7B
Total Assets$3.1B
Total Equity-$63.8M
Goodwill & Intang.$469.3M
Tangible Book/sh$-11.17
Liquidity & Leverage
Current Ratio2.04×
Quick Ratio2.04×
D/E Ratio-45.91×
Debt / Assets94.6%
Net Debt / EBITDA14.52×
Interest Coverage-0.62×
Beta (5yr)0.78
Growth (CAGR)
Revenue 1yr-5.8%
Revenue 3yr+17.6%
Revenue 5yr+13.4%
EPS 1yr+24100.0%
EPS 3yr+408.4%
EPS 5yr+408.4%
FCF 5yr-5.6%
Dividend 5yr-61.7%
Dividends
Annual DPS$2.06
Yield (fwd)11.01%
Payout Ratio-82.4%
Ex-div Date2026-03-06
Pay Date2026-03-20
DPS history
20212026
Capital Allocation (last FY)
Capex$187.6M
Capex / Revenue19.2%
SBC$0
Dividends Paid$150.1M
Buybacks$16.7M
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Data: Financial Modeling Prep · Not investment adviceUpdated 3/31/2026