CCOI
Cogent Communications Holdings, Inc.
Telecommunications Services
Market Cap$831M
5Y Perf.-78.3%
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Stock Comparison
CCOI vs IIPR
Revenue, margins, valuation, and 5-year total return — side by side.
IIPR
Innovative Industrial Properties, Inc.
REIT - Industrial
Market Cap$1.65B
5Y Perf.-29.4%
CCOI vs IIPR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CCOI | IIPR |
|---|---|---|
| Industry | Telecommunications Services | REIT - Industrial |
| Market Cap | $831M | $1.65B |
| Revenue (TTM) | $949M | $263M |
| Net Income (TTM) | $-170M | $120M |
| Gross Margin | 32.4% | 60.3% |
| Operating Margin | -7.9% | 46.7% |
| Forward P/E | — | 13.4x |
| Total Debt | $2.93B | $394M |
| Cash & Equiv. | $205M | $48M |
CCOI vs IIPR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CCOI
IIPR
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Cogent Communicatio… (CCOI) | 100 | 21.7 | -78.3% |
| Innovative Industri… (IIPR) | 100 | 70.6 | -29.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CCOI vs IIPR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: IIPR leads in 4 of 6 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. Cogent Communications Holdings, Inc. is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
CCOI
Cogent Communications Holdings, Inc.
The Growth Play
CCOI is the clearest fit if your priority is growth exposure and defensive.
- Rev growth -5.8%, EPS growth 11.6%, 3Y rev CAGR 17.6%
- Beta 1.67, yield 18.9%, current ratio 2.04x
- -5.8% revenue growth vs IIPR's -13.8%
Best for: growth exposure and defensive
IIPR
Innovative Industrial Properties, Inc.
The Real Estate Income Play
IIPR carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 9 yrs, beta 0.92, yield 13.2%
- 442.0% 10Y total return vs CCOI's 13.0%
- Lower volatility, beta 0.92, Low D/E 21.3%, current ratio 0.15x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CCOI | -5.8% revenue growth vs IIPR's -13.8% |
| Quality / Margins | IIPR | 45.6% margin vs CCOI's -17.9% |
| Stability / Safety | IIPR | Beta 0.92 vs CCOI's 1.67 |
| Dividends | CCOI | 18.9% yield, vs IIPR's 13.2% |
| Momentum (1Y) | IIPR | +23.2% vs CCOI's -66.1% |
| Efficiency (ROA) | IIPR | 5.1% ROA vs CCOI's -5.4%, ROIC 4.3% vs -3.1% |
CCOI vs IIPR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
CCOI vs IIPR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLIIPRLAGGINGCCOI
CCOICogent Communications…
1leads
IIPRInnovative Industrial…
4leads
6 Total Categories
CATEGORYLEADERvs CCOIMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
IIPR4/6
Valuation MetricsMultiples, price ratios, and targets
CCOI2/3
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
IIPR8/8
Total Returns1Y, 3Y, 5Y total returns with dividends
IIPR6/6
Risk & VolatilityBeta, volatility, and downside exposure
IIPR2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
IIPR leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CCOI is the larger business by revenue, generating $949M annually — 3.6x IIPR's $263M. IIPR is the more profitable business, keeping 45.6% of every revenue dollar as net income compared to CCOI's -17.9%.
| Metric | CCOICogent Communicat… | IIPRInnovative Indust… |
|---|---|---|
| RevenueTrailing 12 months | $949M | $263M |
| EBITDAEarnings before interest/tax | $174M | $197M |
| Net IncomeAfter-tax profit | -$170M | $120M |
| Free Cash FlowCash after capex | -$208M | $144M |
| Gross MarginGross profit ÷ Revenue | +32.4% | +60.3% |
| Operating MarginEBIT ÷ Revenue | -7.9% | +46.7% |
| Net MarginNet income ÷ Revenue | -17.9% | +45.6% |
| FCF MarginFCF ÷ Revenue | -21.9% | +54.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | -3.2% | -3.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +23.9% | -1.0% |
IIPR leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
CCOI leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
On an enterprise value basis, IIPR's 10.1x EV/EBITDA is more attractive than CCOI's 21.4x.
| Metric | CCOICogent Communicat… | IIPRInnovative Indust… |
|---|---|---|
| Market CapShares × price | $831M | $1.6B |
| Enterprise ValueMkt cap + debt − cash | $3.6B | $2.0B |
| Trailing P/EPrice ÷ TTM EPS | -4.37x | 14.68x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 13.42x |
| PEG RatioP/E ÷ EPS growth rate | — | 3.92x |
| EV / EBITDAEnterprise value multiple | 21.38x | 10.06x |
| Price / SalesMarket cap ÷ Revenue | 0.85x | 6.20x |
| Price / BookPrice ÷ Book value/share | — | 0.89x |
| Price / FCFMarket cap ÷ FCF | — | 9.43x |
CCOI leads this category, winning 2 of 3 comparable metrics.
Profitability & Efficiency
IIPR leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
IIPR delivers a 6.4% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-2 for CCOI. On the Piotroski fundamental quality scale (0–9), IIPR scores 4/9 vs CCOI's 3/9, reflecting mixed financial health.
| Metric | CCOICogent Communicat… | IIPRInnovative Indust… |
|---|---|---|
| ROE (TTM)Return on equity | -2.3% | +6.4% |
| ROA (TTM)Return on assets | -5.4% | +5.1% |
| ROICReturn on invested capital | -3.1% | +4.3% |
| ROCEReturn on capital employed | -3.6% | +5.8% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 |
| Debt / EquityFinancial leverage | — | 0.21x |
| Net DebtTotal debt minus cash | $2.7B | $346M |
| Cash & Equiv.Liquid assets | $205M | $48M |
| Total DebtShort + long-term debt | $2.9B | $394M |
| Interest CoverageEBIT ÷ Interest expense | -0.52x | 6.67x |
IIPR leads this category, winning 8 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
IIPR leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IIPR five years ago would be worth $5,182 today (with dividends reinvested), compared to $4,230 for CCOI. Over the past 12 months, IIPR leads with a +23.2% total return vs CCOI's -66.1%. The 3-year compound annual growth rate (CAGR) favors IIPR at 5.0% vs CCOI's -26.0% — a key indicator of consistent wealth creation.
| Metric | CCOICogent Communicat… | IIPRInnovative Indust… |
|---|---|---|
| YTD ReturnYear-to-date | -19.4% | +20.5% |
| 1-Year ReturnPast 12 months | -66.1% | +23.2% |
| 3-Year ReturnCumulative with dividends | -59.5% | +15.7% |
| 5-Year ReturnCumulative with dividends | -57.7% | -48.2% |
| 10-Year ReturnCumulative with dividends | +13.0% | +442.0% |
| CAGR (3Y)Annualised 3-year return | -26.0% | +5.0% |
IIPR leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
IIPR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
IIPR is the less volatile stock with a 0.92 beta — it tends to amplify market swings less than CCOI's 1.67 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IIPR currently trades 94.0% from its 52-week high vs CCOI's 29.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CCOICogent Communicat… | IIPRInnovative Indust… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.67x | 0.92x |
| 52-Week HighHighest price in past year | $55.89 | $61.40 |
| 52-Week LowLowest price in past year | $14.82 | $44.58 |
| % of 52W HighCurrent price vs 52-week peak | +29.7% | +94.0% |
| RSI (14)Momentum oscillator 0–100 | 37.7 | 67.2 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 309K |
IIPR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — CCOI and IIPR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CCOI as "Hold" and IIPR as "Hold". Consensus price targets imply 65.7% upside for CCOI (target: $28) vs -23.7% for IIPR (target: $44). For income investors, CCOI offers the higher dividend yield at 18.87% vs IIPR's 13.21%.
| Metric | CCOICogent Communicat… | IIPRInnovative Indust… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $27.50 | $44.00 |
| # AnalystsCovering analysts | 32 | 11 |
| Dividend YieldAnnual dividend ÷ price | +18.9% | +13.2% |
| Dividend StreakConsecutive years of raises | 0 | 9 |
| Dividend / ShareAnnual DPS | $3.13 | $7.62 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.0% | +1.2% |
Evenly matched — CCOI and IIPR each lead in 1 of 2 comparable metrics.
Key Takeaway
IIPR leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CCOI leads in 1 (Valuation Metrics). 1 tied.
Best OverallInnovative Industrial Prope… (IIPR)Leads 4 of 6 categories
Loading custom metrics...
CCOI vs IIPR: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is CCOI or IIPR a better buy right now?
For growth investors, Cogent Communications Holdings, Inc.
(CCOI) is the stronger pick with -5. 8% revenue growth year-over-year, versus -13. 8% for Innovative Industrial Properties, Inc. (IIPR). Innovative Industrial Properties, Inc. (IIPR) offers the better valuation at 14. 7x trailing P/E (13. 4x forward), making it the more compelling value choice. Analysts rate Cogent Communications Holdings, Inc. (CCOI) a "Hold" — based on 32 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — CCOI or IIPR?
Over the past 5 years, Innovative Industrial Properties, Inc.
(IIPR) delivered a total return of -48. 2%, compared to -57. 7% for Cogent Communications Holdings, Inc. (CCOI). Over 10 years, the gap is even starker: IIPR returned +442. 0% versus CCOI's +13. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — CCOI or IIPR?
By beta (market sensitivity over 5 years), Innovative Industrial Properties, Inc.
(IIPR) is the lower-risk stock at 0. 92β versus Cogent Communications Holdings, Inc. 's 1. 67β — meaning CCOI is approximately 83% more volatile than IIPR relative to the S&P 500.
04Which is growing faster — CCOI or IIPR?
By revenue growth (latest reported year), Cogent Communications Holdings, Inc.
(CCOI) is pulling ahead at -5. 8% versus -13. 8% for Innovative Industrial Properties, Inc. (IIPR). On earnings-per-share growth, the picture is similar: Cogent Communications Holdings, Inc. grew EPS 11. 6% year-over-year, compared to -28. 8% for Innovative Industrial Properties, Inc.. Over a 3-year CAGR, CCOI leads at 17. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — CCOI or IIPR?
Innovative Industrial Properties, Inc.
(IIPR) is the more profitable company, earning 43. 0% net margin versus -18. 7% for Cogent Communications Holdings, Inc. — meaning it keeps 43. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IIPR leads at 46. 7% versus -10. 6% for CCOI. At the gross margin level — before operating expenses — IIPR leads at 88. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is CCOI or IIPR more undervalued right now?
Analyst consensus price targets imply the most upside for CCOI: 65.
7% to $27. 50.
07Which pays a better dividend — CCOI or IIPR?
All stocks in this comparison pay dividends.
Cogent Communications Holdings, Inc. (CCOI) offers the highest yield at 18. 9%, versus 13. 2% for Innovative Industrial Properties, Inc. (IIPR).
08Is CCOI or IIPR better for a retirement portfolio?
For long-horizon retirement investors, Innovative Industrial Properties, Inc.
(IIPR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 92), 13. 2% yield, +442. 0% 10Y return). Cogent Communications Holdings, Inc. (CCOI) carries a higher beta of 1. 67 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (IIPR: +442. 0%, CCOI: +13. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between CCOI and IIPR?
These companies operate in different sectors (CCOI (Communication Services) and IIPR (Real Estate)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: CCOI is a small-cap income-oriented stock; IIPR is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
- Sector: Communication Services
- Market Cap > $100B
- Gross Margin > 19%
- Dividend Yield > 7.5%
Revenue Growth>
%
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