A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
COGENT COMMUNICATIONS HOLDINGS, INC.
CCOI
$569M
Mkt Cap
$11.87
-7.98%
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) has a 5-year average return on invested capital (ROIC) of 55.4%. This indicates strong capital allocation and a potential competitive advantage.
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) has a market capitalization of $594M. It is classified as a small-cap stock.
Yes, COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) pays a dividend with a trailing twelve-month yield of 17.20%. The company also returns capital through share buybacks, with a buyback yield of 20.61%.
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) operates in the Communications Services, Nec industry, within the Communication Services sector.
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) reported annual revenue of $976 million in its most recent fiscal year, based on SEC EDGAR filings.
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) has a net profit margin of -18.7%. The company is currently unprofitable.
ITEM 1. BUSINESS Description of business We are a facilities-based provider of low-cost, high-speed Internet access, private network services, optical wavelength and optical transport services and data center colocation space and power. Our network is specifically designed and optimized to transmit packet-routed data. We deliver our services to a diverse global base of businesses, communications service providers and other bandwidth-intensive organizations in 57 countries across North America, Europe, South America, Asia, Oceania and Africa. We are a Delaware corporation headquartered in Washington, DC. We provide our on-net Internet access and private network services to corporate, net-centric and enterprise customers. Our corporate customers are typically located in multi-tenant office buildings and consist of law firms, financial services firms, advertising and marketing firms, health care providers, educational institutions and other professional services businesses.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 968M | 976M | 1.0B | 941M | - | 590M |
| Net Income | -170M | -182M | -204M | 1.3B | 5.1M | 48M |
| EPS | $-3.42 | $-3.80 | $-4.28 | $26.62 | $0.11 | $1.03 |
| Free Cash Flow | -208M | -198M | -204M | -112M | 95M | 100M |
| ROIC | -15.3% | -28.6% | -27.6% | 123.7% | 24.7% | 184.6% |
| Gross Margin | - | 45.2% | 38.1% | 42.2% | - | 61.6% |
| Debt/Equity | 0.00 | -15.25 | 4.12 | 1.55 | -2.07 | -2.83 |
| Dividends/Share | $2.04 | $3.05 | $3.92 | $3.76 | $3.56 | $3.17 |
| Operating Income | -74M | -101M | -198M | -129M | 114M | 119M |
| Operating Margin | -7.7% | -10.4% | -19.1% | -13.7% | - | 20.2% |
| ROE | 0.0% | -229.1% | -91.6% | 208.9% | -1.2% | - |
| Shares Outstanding | 50M | 48M | 48M | 48M | 47M | 47M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 380M | 404M | 447M | 485M | 520M | 546M | 568M | 590M | N/A | 941M | 1.0B | 976M | 968M |
| Gross Margin | 57.9% | 56.8% | 56.6% | 56.9% | 57.8% | 59.8% | 61.4% | 61.6% | N/A | 42.2% | 38.1% | 45.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 108M | 113M | 121M | 128M | 134M | 147M | 158M | 162M | 163M | 275M | 276M | 274M | 273M |
| EBIT | 54M | 53M | 64M | 76M | 87M | 100M | 107M | 119M | 114M | -129M | -198M | -101M | -74M |
| Op. Margin | 14.2% | 13.1% | 14.3% | 15.6% | 16.6% | 18.4% | 18.8% | 20.2% | N/A | -13.7% | -19.1% | -10.4% | -7.7% |
| Net Income | 797K | 4.9M | 15M | 5.9M | 29M | 38M | 6.2M | 48M | 5.1M | 1.3B | -204M | -182M | -170M |
| Net Margin | 0.2% | 1.2% | 3.3% | 1.2% | 5.5% | 6.9% | 1.1% | 8.2% | N/A | 135.3% | -19.7% | -18.7% | -17.5% |
| Non-Recurring | 10M | 4.9M | 7.7M | 4.8M | 982K | 1.1M | 352K | 18K | -372K | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 22.8% | 13.0% | 15.8% | 19.5% | 8.1% | 7.7% | N/M | 184.6% | 24.7% | 123.7% | -27.6% | -28.6% | -15.3% |
| ROE | 0.6% | 13.7% | -45.6% | -7.5% | N/A | N/A | N/A | N/A | -1.2% | 208.9% | -91.6% | -229.1% | 0.0% |
| ROA | 0.1% | 0.7% | 2.1% | 0.8% | 3.9% | 4.0% | 0.6% | 4.9% | 0.5% | 39.7% | -6.4% | -5.8% | -5.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 73M | 84M | 108M | 112M | 134M | 149M | 140M | 170M | 174M | 17M | -8.6M | -11M | -32M |
| Free Cash Flow | 13M | 48M | 63M | 66M | 84M | 102M | 84M | 100M | 95M | -112M | -204M | -198M | -208M |
| Owner Earnings | -6.0M | 1.8M | 22M | 22M | 35M | 50M | 33M | 54M | 55M | -102M | -332M | -307M | -309M |
| CapEx | 60M | 36M | 45M | 46M | 50M | 47M | 56M | 70M | 79M | 130M | 195M | 188M | 176M |
| Maint. CapEx | 69M | 71M | 75M | 76M | 81M | 80M | 83M | 89M | 92M | 92M | 298M | 270M | 248M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37M | 0 | 0 | 0 |
| D&A | 69M | 71M | 75M | 76M | 81M | 80M | 83M | 89M | 92M | 92M | 298M | 270M | 248M |
| CapEx/OCF | 82.2% | 42.5% | 41.9% | 41.0% | 37.3% | 31.6% | 39.9% | 41.1% | 45.5% | 747.4% | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 54M | 66M | 68M | 82M | 98M | 113M | 129M | 150M | 170M | 182M | 189M | 150M | 102M |
| Dividend Yield | 6.7% | 7.6% | 6.4% | 6.4% | 6.5% | 6.1% | 5.1% | 5.9% | 7.5% | 6.8% | 6.2% | 6.6% | 17.2% |
| Share Buybacks | 59M | 39M | 4.5M | 1.8M | 6.6M | 6.6M | 4.5M | 4.5M | 0 | 0 | 8.0M | 17M | 122M |
| Buyback Yield | 7.2% | 4.2% | 0.4% | 0.1% | 0.5% | N/A | 0.2% | N/A | N/A | N/A | 0.2% | 1.5% | 20.6% |
| Stock-Based Comp | 9.6M | 12M | 11M | 13M | 18M | 18M | 24M | 27M | 27M | 27M | 26M | 26M | 29M |
| Debt Repayment | 92M | 670K | 21M | 3.8M | 9.4M | 10M | 11M | 6.9M | 790K | 790K | 790K | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 152M | 268M | 295M | 328M | 107M | 112M | 293M | 417M | 850M | 797M | 522M | 677M | 489M |
| Cash & Equiv. | 288M | 204M | 274M | 247M | 276M | 399M | 371M | 320M | 224M | 75M | 198M | 149M | 140M |
| Long-Term Debt | 440M | 471M | 570M | 575M | 645M | 798M | 882M | 898M | 950M | 420M | 517M | 597M | 605M |
| Debt/Equity | 5.25 | -38.40 | -10.70 | -5.61 | -4.43 | -4.47 | -3.53 | -2.83 | -2.07 | 1.55 | 4.12 | -15.25 | 0.00 |
| Interest Coverage | 1.1 | 1.3 | 1.6 | 1.6 | 1.7 | 1.7 | 1.7 | 2.1 | 1.0 | -1.4 | -1.5 | -0.7 | -0.7 |
| Equity | 84M | -12M | -53M | -103M | -149M | -204M | -293M | -373M | -519M | 610M | 223M | -64M | -104M |
| Total Assets | 755M | 663M | 738M | 711M | 740M | 932M | 1.0B | 985M | 1.0B | 3.2B | 3.2B | 3.1B | 3.1B |
| Total Liabilities | 671M | 675M | 791M | 813M | 889M | 1.1B | 1.3B | 1.4B | 1.5B | 2.6B | 3.0B | 3.2B | 3.2B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 458M | 458M | 458M | 458M |
| Retained Earnings | -370M | -432M | -479M | -555M | -609M | -685M | -808M | -910M | -1.1B | 17M | -376M | -709M | -749M |
| Working Capital | 276M | 182M | 260M | 232M | 275M | 386M | 362M | 329M | 246M | 140M | 229M | 230M | 204M |
| Current Assets | 336M | 251M | 328M | 306M | 350M | 476M | 456M | 410M | 366M | 514M | 482M | 451M | 430M |
| Current Liabilities | 60M | 69M | 68M | 75M | 75M | 90M | 94M | 81M | 120M | 373M | 253M | 221M | 226M |
| Per Share Data | |||||||||||||
| EPS | 0.02 | 0.11 | 0.33 | 0.13 | 0.63 | 0.81 | 0.13 | 1.03 | 0.11 | 26.62 | -4.28 | -3.80 | -3.42 |
| Owner EPS | -0.15 | 0.04 | 0.49 | 0.50 | 0.77 | 1.08 | 0.70 | 1.16 | 1.17 | -2.13 | -6.97 | -6.41 | -6.17 |
| Book Value | 2.10 | -0.28 | -1.18 | -2.27 | -3.27 | -4.40 | -6.13 | -7.98 | -11.09 | 12.74 | 4.67 | -1.33 | -2.08 |
| Cash Flow/Share | 1.83 | 1.88 | 2.39 | 2.47 | 2.94 | 3.21 | 2.93 | 3.64 | 3.71 | 0.36 | -0.18 | -0.22 | 1.57 |
| Dividends/Share | 1.17 | 1.46 | 1.51 | 1.80 | 2.12 | 2.44 | 2.78 | 3.17 | 3.56 | 3.76 | 3.92 | 3.05 | 2.04 |
| Shares Out. | 39.9M | 44.5M | 45.2M | 45.2M | 45.5M | 46.3M | 47.8M | 46.8M | 46.8M | 47.8M | 47.7M | 47.9M | 50.1M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 193.7 | 79.6 | 233.7 | 49.8 | 58.6 | 353.2 | 55.9 | 424.9 | 2.5 | N/A | N/A | -3.5 |
| P/FCF | 62.6 | 19.7 | 19.0 | 20.8 | 17.0 | 21.6 | 26.0 | 26.8 | 23.1 | N/A | N/A | N/A | N/A |
| EV/EBIT | 8.3 | 15.0 | 15.9 | 16.6 | 12.1 | 15.7 | 15.8 | 19.4 | 18.1 | N/A | N/A | N/A | N/A |
| Price/Book | 9.7 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.3 | 15.2 | N/A | N/A |
| Price/Sales | 2.1 | 2.2 | 2.4 | 2.6 | 2.9 | 3.4 | 4.5 | 4.3 | 3.8 | 2.9 | 2.9 | 2.3 | 0.6 |
| FCF Yield | 1.6% | 5.1% | 5.3% | 4.8% | 5.9% | 4.6% | 3.8% | 3.7% | 4.3% | -3.5% | -6.0% | -18.3% | -35.0% |
| Market Cap | 814M | 949M | 1.2B | 1.4B | 1.4B | 2.2B | 2.2B | 2.7B | 2.2B | 3.2B | 3.4B | 1.1B | 594M |
| Avg. Price | 20.38 | 19.63 | 23.43 | 28.40 | 33.35 | 40.08 | 53.06 | 54.77 | 48.31 | 56.13 | 64.03 | 47.25 | 11.87 |
| Year-End Price | 20.43 | 21.31 | 26.28 | 30.38 | 31.40 | 47.48 | 45.92 | 57.55 | 46.74 | 67.19 | 70.98 | 22.56 | 11.87 |
COGENT COMMUNICATIONS HOLDINGS, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 55.4% with a gross margin of 46.8%. Total shareholder yield (dividends + buybacks) is 37.8%. At current prices, the estimated annualized return to fair value is -6.2%.
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) generated $-198 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) reported earnings per share (EPS) of $-3.80 in its most recent fiscal year.
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) has a return on equity (ROE) of -229.1%. A negative ROE may indicate losses or negative equity.
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) has a 5-year average gross margin of 46.8%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) has a book value per share of $-1.33, based on its most recent annual SEC filing.