Cogent Communications Holdings, Inc. (CCOI) 10-Year Financial Performance & Capital Metrics

CCOI • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersRegional US Telecom Operators

AboutCogent 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.Show more

Revenue $1.04B +10.1%
EBITDA $100M -2.4%
Net Income -$204M -116.0%
Free Cash Flow -$204M -81.4%
EBITDA Margin 9.69% -11.4%
Net Margin -19.7% -114.6%
ROE -49.03% -101.8%
Interest Coverage -1.60 -32.3%
Debt/Equity 10.49 +249.7%
Net Debt/EBITDA 21.30 +25.0%
CapEx / Revenue 0% -100.0%
CapEx Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 1376.0%
✓13 years of consecutive dividend growth
✓13 consecutive years of dividend growth

✗Weaknesses

✗High debt to equity ratio of 10.5x
✗Weak momentum: RS Rating 13 (bottom 13%)
✗High leverage: 23.3x Debt/EBITDA
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.55%

5Y13.66%

3Y20.66%

TTM-8.29%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-594.24%

EPS CAGR

10Y-

5Y-

3Y-

TTM-623.08%

ROCE

10Y Avg8.09%

5Y Avg4.86%

3Y Avg-0.36%

Latest-6.86%

Peer Comparison

Regional US Telecom Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUTELUS Corporation	20.69B	13.34	19.91	0.67%	5.77%	9.37%	7.06%	1.77
GLIBAGCI Liberty, Inc.	153.5M	39.05	16.00	3.98%	69.32%	49.06%	20.2%	0.80
LBRDALiberty Broadband Corporation	837.16M	45.86	7.54	3.57%	99.75%	8.69%		0.39
SHENShenandoah Telecommunications Company	645.05M	11.75	3.32	14.16%	-9.05%	-3.25%		0.43
CCOICogent Communications Holdings, Inc.	1.12B	22.76	-5.29	10.12%	-20.11%	-49.03%		10.49
FYBRFrontier Communications Parent, Inc.	9.57B	38.23	-29.41	3.23%	-6.24%	-8.11%		2.44
UZEArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	942.76M	18.13	-39.41	-3.48%	9.02%	10.04%	34.58%	0.83
UZFArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	970.87M	18.19	-39.54	-3.48%	9.02%	10.04%	33.58%	0.83

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	404.23M	446.9M	485.18M	520.19M	546.16M	568.1M	589.8M	599.6M	940.92M	1.04B
Revenue Growth %	0.06%	0.11%	0.09%	0.07%	0.05%	0.04%	0.04%	0.02%	0.57%	0.1%
Cost of Revenue	174.51M	194.07M	209.28M	219.53M	219.8M	219.16M	226.34M	228.15M	544.23M	641.84M
Gross Profit+	229.72M	252.83M	275.9M	300.67M	326.36M	348.95M	363.46M	371.45M	396.69M	394.27M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.04%	0.1%	0.09%	0.09%	0.09%	0.07%	0.04%	0.02%	0.07%	-0.01%
Operating Expenses+	183.63M	195.94M	203.84M	215.09M	226.1M	242.02M	244.23M	257.49M	526.02M	591.87M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	123.56M	139.28M	151.84M	167.79M	180.5M	190.4M	208.47M	206.18M	102.88M	100.41M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0%	0.13%	0.09%	0.11%	0.08%	0.05%	0.09%	-0.01%	-0.5%	-0.02%
Depreciation & Amortization+	70.53M	75.23M	75.93M	81.23M	80.25M	83.48M	89.24M	92.22M	232.21M	298.02M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	53.04M	64.04M	75.92M	86.56M	100.26M	106.92M	119.23M	113.96M	-129.33M	-197.61M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.02%	0.21%	0.19%	0.14%	0.16%	0.07%	0.12%	-0.04%	-2.13%	-0.53%
Interest Expense+	41.28M	40.8M	48.47M	51.06M	57.45M	62.49M	58.06M	67.58M	106.78M	123.32M
Interest Coverage	1.28x	1.57x	1.57x	1.70x	1.75x	1.71x	2.05x	1.69x	-1.21x	-1.60x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K
Pretax Income+	12.71M	24.26M	31.12M	41.38M	52.67M	10.31M	71.42M	26.38M	1.22B	-259.65M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	7.82M	9.33M	25.24M	12.71M	15.15M	4.1M	23.23M	21.23M	-53.96M	-55.58M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	4.9M	14.93M	5.88M	28.67M	37.52M	6.22M	48.19M	5.15M	1.27B	-204.07M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	5.14%	2.05%	-0.61%	3.88%	0.31%	-0.83%	6.75%	-0.89%	246.46%	-1.16%
EPS (Diluted)+	0.11	0.33	0.13	0.63	0.81	0.13	1.03	0.11	26.62	-4.30
EPS Growth %	4.5%	2%	-0.61%	3.85%	0.29%	-0.84%	6.92%	-0.89%	241%	-1.16%
EPS (Basic)	0.11	0.33	0.13	0.63	0.82	0.14	1.04	0.11	26.88	-4.28
Diluted Shares Outstanding	45.16M	44.87M	45.18M	45.78M	46.08M	46.67M	46.96M	47.21M	47.84M	47.63M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	662.82M	737.89M	710.59M	739.85M	932.12M	1B	984.56M	1.01B	3.21B	3.17B
Asset Growth %	-0.13%	0.11%	-0.04%	0.04%	0.26%	0.07%	-0.02%	0.03%	2.18%	-0.01%
PP&E (Net)+	360.14M	361.64M	381.28M	375.32M	442.39M	530M	559.57M	626.03M	1.9B	1.99B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	251.34M	327.62M	306.12M	350.34M	475.73M	456.34M	409.58M	365.91M	513.63M	482.1M
Cash & Equivalents	203.59M	274.32M	247.01M	276.09M	399.42M	371.3M	319.61M	223.78M	75.09M	198.49M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	0	0	0	0	0	0	0	0	0	0
Other Current Assets	17.03M	0	20.01M	0	0	0	9.02M	98.01M	38.69M	29.43M
Long-Term Investments	0	0	0	5.54M	0	0	0	0	0	0
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	472.81M	471.03M
Other Assets	6.2M	6.39M	5.57M	11.46M	13.67M	14.14M	15.41M	18.24M	325.77M	231.49M
Total Liabilities	675.09M	791.15M	813.13M	888.85M	1.14B	1.29B	1.36B	1.53B	2.6B	2.95B
Total Debt+	581.45M	701.82M	718.18M	795.24M	1.05B	1.21B	1.26B	1.36B	1.83B	2.34B
Net Debt	377.86M	427.5M	471.17M	519.15M	649.62M	839.96M	941.67M	1.13B	1.75B	2.14B
Long-Term Debt	445.44M	559.86M	560.68M	631.46M	782.46M	869.65M	891.42M	944.26M	945.59M	1.44B
Short-Term Borrowings	1000K	0	1000K	1000K	0	0	0	0	0	0
Capital Lease Obligations	136.01M	141.96M	157.5M	163.78M	266.58M	341.61M	369.86M	410.82M	882.57M	897.56M
Total Current Liabilities+	68.9M	67.91M	74.53M	75.31M	89.69M	94.44M	81.01M	120.28M	373.32M	253.34M
Accounts Payable	12.4M	11.55M	11.59M	8.52M	11.07M	9.78M	11.92M	27.21M	48.36M	39.8M
Accrued Expenses	30.7M	4.17M	5.14M	42.72M	40.93M	40.46M	29.87M	36.02M	50.59M	81.34M
Deferred Revenue	4.3M	4.33M	4.76M	4.5M	4.32M	4.65M	4.89M	4.91M	6.55M	6.24M
Other Current Liabilities	15.25M	41.23M	38.7M	12.49M	9.06M	6.79M	785K	20.27M	21.57M	18.26M
Deferred Taxes	0	0	0	-1000K	0	0	0	1000K	1000K	1000K
Other Liabilities	30.98M	28.04M	27.6M	23.84M	15.33M	14.79M	44.61M	34.99M	61.64M	40.13M
Total Equity+	-12.27M	-53.25M	-102.54M	-149M	-203.68M	-293.17M	-373.1M	-518.63M	609.56M	222.85M
Equity Growth %	-1.15%	-3.34%	-0.93%	-0.45%	-0.37%	-0.44%	-0.27%	-0.39%	2.18%	-0.63%
Shareholders Equity	-12.27M	-53.25M	-102.54M	-149M	-203.68M	-293.17M	-373.1M	-518.63M	609.56M	222.85M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	45K	45K	46K	46K	47K	47K	48K	48K	49K	49K
Additional Paid-in Capital	434.16M	442.8M	456.7M	471.33M	493.18M	515.87M	547.73M	575.06M	606.75M	629.83M
Retained Earnings	-431.78M	-478.9M	-554.69M	-609.45M	-684.58M	-807.77M	-909.88M	-1.07B	17.14M	-376.35M
Accumulated OCI	-14.69M	-17.19M	-4.6M	-10.93M	-12.33M	-1.31M	-11M	-19.16M	-14.38M	-30.68M
Return on Assets (ROA)	0.01%	0.02%	0.01%	0.04%	0.04%	0.01%	0.05%	0.01%	0.6%	-0.06%
Return on Equity (ROE)	0.14%	-	-	-	-	-	-	-	28.01%	-0.49%
Debt / Equity	-	-	-	-	-	-	-	-	3.00x	10.49x
Debt / Assets	0.88%	0.95%	1.01%	1.07%	1.13%	1.21%	1.28%	1.34%	0.57%	0.74%
Net Debt / EBITDA	3.06x	3.07x	3.10x	3.09x	3.60x	4.41x	4.52x	5.49x	17.04x	21.30x
Book Value per Share	-0.27	-1.19	-2.27	-3.25	-4.42	-6.28	-7.94	-10.99	12.74	4.68

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	83.81M	107.97M	111.7M	133.92M	148.81M	140.32M	170.26M	173.71M	17.34M	-8.64M
Operating CF Growth %	0.15%	0.29%	0.03%	0.2%	0.11%	-0.06%	0.21%	0.02%	-0.9%	-1.5%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	4.9M	14.93M	5.88M	28.67M	37.52M	6.22M	48.19M	5.15M	1.27B	-204.07M
Depreciation & Amortization	70.53M	75.23M	75.93M	81.23M	80.25M	83.48M	89.24M	92.22M	232.21M	298.02M
Deferred Taxes	7.71M	9.22M	24.68M	11.12M	12.16M	282K	18.16M	16.54M	-69.58M	-51.62M
Other Non-Cash Items	-6.19M	-5.98M	-3.59M	424K	-822K	36.45M	-23.37M	-17.84M	-1.43B	-46.36M
Working Capital Changes	-4.64M	3.83M	-4.47M	-5.23M	1.25M	-9.63M	11.22M	53.2M	-12.06M	-30.34M
Capital Expenditures+	-35.58M	-45.23M	-45.8M	-49.94M	-46.96M	-55.95M	-69.92M	-78.97M	-129.63M	-195M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-35.47M	-45.23M	-45.8M	-49.94M	-46.96M	-55.95M	-69.92M	-78.97M	76.73M	21.49M
Acquisitions	111K	0	0	0	0	0	0	0	2.19M	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	111K	0	0	0	0	0	0	0	204.17M	21.49M
Cash from Financing+	-128.85M	8.34M	-97.27M	-52.55M	22.02M	-116M	-140.82M	-144.85M	-257.85M	105.92M
Dividends Paid	-66.31M	-68.21M	-81.66M	-97.89M	-112.65M	-129.41M	-150.29M	-169.86M	-181.72M	-189.41M
Dividend Payout Ratio %	13.54%	4.57%	13.9%	3.41%	3%	20.82%	3.12%	33.01%	0.14%	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K
Stock Issued	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-39.39M	-4.49M	-1.83M	-6.56M	0	-4.5M	0	0	0	-7.97M
Other Financing	-247K	-21.2M	-2.58M	-7.67M	-8.37M	-9.16M	-5.1M	-176K	1.23M	2.2M
Net Change in Cash+	-84.2M	70.73M	-27.31M	29.08M	123.33M	-28.12M	-42.68M	-52.71M	-162.13M	114.14M
Exchange Rate Effect	-1000K	-346K	1000K	-1000K	-542K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	287.79M	203.59M	274.32M	247.01M	276.09M	399.42M	371.3M	328.62M	275.91M	113.78M
Cash at End	203.59M	274.32M	247.01M	276.09M	399.42M	371.3M	328.62M	275.91M	113.78M	227.92M
Free Cash Flow+	48.23M	62.73M	65.9M	83.98M	101.85M	84.37M	100.34M	94.74M	-112.29M	-203.64M
FCF Growth %	2.71%	0.3%	0.05%	0.27%	0.21%	-0.17%	0.19%	-0.06%	-2.19%	-0.81%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.69%	-	-	-	-	-	-	-	2801.11%	-49.03%
EBITDA Margin	30.57%	31.17%	31.3%	32.26%	33.05%	33.51%	35.35%	34.39%	10.93%	9.69%
Net Debt / EBITDA	3.06x	3.07x	3.10x	3.09x	3.60x	4.41x	4.52x	5.49x	17.04x	21.30x
Interest Coverage	1.28x	1.57x	1.57x	1.70x	1.75x	1.71x	2.05x	1.69x	-1.21x	-1.60x
CapEx / Revenue	8.8%	10.12%	9.44%	9.6%	8.6%	9.85%	11.85%	13.17%	13.78%	0%
Dividend Payout Ratio	1354.45%	456.9%	1389.67%	341.46%	300.23%	2081.92%	311.9%	3300.76%	14.27%	-
Debt / Equity	-	-	-	-	-	-	-	-	3.00x	10.49x
EPS Growth	450%	200%	-60.61%	384.62%	28.57%	-83.95%	692.31%	-89.32%	24100%	-116.15%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	332.81M	372.81M	402.19M	299.02M	319.33M	330.92M	340.11M	350.26M	802.69M	888M
North America Growth	-	12.02%	7.88%	-25.65%	6.79%	3.63%	2.77%	2.98%	129.17%	10.63%
Europe	71.42M	74.09M	82.98M	72.96M	72.32M	79.57M	87.93M	82.45M	108.37M	116.12M
Europe Growth	-	3.74%	12.00%	-12.08%	-0.87%	10.02%	10.51%	-6.23%	31.44%	7.16%
Oceania	-	-	-	-	-	-	-	13.69M	21.43M	23.32M
Oceania Growth	-	-	-	-	-	-	-	-	56.53%	8.83%
South America	-	-	-	-	-	2.06M	4.1M	5.66M	7.65M	8.02M
South America Growth	-	-	-	-	-	-	99.51%	37.88%	35.24%	4.84%
Africa	-	-	-	-	-	72K	503K	727K	786K	642K
Africa Growth	-	-	-	-	-	-	598.61%	44.53%	8.12%	-18.32%
Asia Pacific	-	-	-	2.56M	4.62M	6.83M	10.2M	-	-	-
Asia Pacific Growth	-	-	-	-	80.13%	48.08%	49.21%	-	-	-
Latin America	-	-	-	14K	488K	-	-	-	-	-
Latin America Growth	-	-	-	-	3385.71%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Cogent Communications Holdings, Inc. (CCOI) reported $968.3M in revenue for fiscal year 2024. This represents a 217% increase from $305.5M in 2011.

Cogent Communications Holdings, Inc. (CCOI) grew revenue by 10.1% over the past year. This is steady growth.

Cogent Communications Holdings, Inc. (CCOI) reported a net loss of $194.7M for fiscal year 2024.

Dividend & Returns

Yes, Cogent Communications Holdings, Inc. (CCOI) pays a dividend with a yield of 17.47%. This makes it attractive for income-focused investors.

Cogent Communications Holdings, Inc. (CCOI) has a return on equity (ROE) of -49.0%. Negative ROE indicates the company is unprofitable.

Cogent Communications Holdings, Inc. (CCOI) had negative free cash flow of $186.7M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Cogent Communications Holdings, Inc. (CCOI) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

US Stock Screener

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Cogent Communications Holdings, Inc. (CCOI) 10-Year Financial Performance & Capital Metrics

CCOI • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersRegional US Telecom Operators

Revenue $1.04B +10.1%
EBITDA $100M -2.4%
Net Income -$204M -116.0%
Free Cash Flow -$204M -81.4%
EBITDA Margin 9.69% -11.4%
Net Margin -19.7% -114.6%
ROE -49.03% -101.8%
Interest Coverage -1.60 -32.3%
Debt/Equity 10.49 +249.7%
Net Debt/EBITDA 21.30 +25.0%
CapEx / Revenue 0% -100.0%
CapEx Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 1376.0%
✓13 years of consecutive dividend growth
✓13 consecutive years of dividend growth

✗Weaknesses

✗High debt to equity ratio of 10.5x
✗Weak momentum: RS Rating 13 (bottom 13%)
✗High leverage: 23.3x Debt/EBITDA
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.55%

5Y13.66%

3Y20.66%

TTM-8.29%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-594.24%

EPS CAGR

10Y-

5Y-

3Y-

TTM-623.08%

ROCE

10Y Avg8.09%

5Y Avg4.86%

3Y Avg-0.36%

Latest-6.86%

Peer Comparison

Regional US Telecom Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUTELUS Corporation	20.69B	13.34	19.91	0.67%	5.77%	9.37%	7.06%	1.77
GLIBAGCI Liberty, Inc.	153.5M	39.05	16.00	3.98%	69.32%	49.06%	20.2%	0.80
LBRDALiberty Broadband Corporation	837.16M	45.86	7.54	3.57%	99.75%	8.69%		0.39
SHENShenandoah Telecommunications Company	645.05M	11.75	3.32	14.16%	-9.05%	-3.25%		0.43
CCOICogent Communications Holdings, Inc.	1.12B	22.76	-5.29	10.12%	-20.11%	-49.03%		10.49
FYBRFrontier Communications Parent, Inc.	9.57B	38.23	-29.41	3.23%	-6.24%	-8.11%		2.44
UZEArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	942.76M	18.13	-39.41	-3.48%	9.02%	10.04%	34.58%	0.83
UZFArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	970.87M	18.19	-39.54	-3.48%	9.02%	10.04%	33.58%	0.83

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	404.23M	446.9M	485.18M	520.19M	546.16M	568.1M	589.8M	599.6M	940.92M	1.04B
Revenue Growth %	0.06%	0.11%	0.09%	0.07%	0.05%	0.04%	0.04%	0.02%	0.57%	0.1%
Cost of Revenue	174.51M	194.07M	209.28M	219.53M	219.8M	219.16M	226.34M	228.15M	544.23M	641.84M
Gross Profit+	229.72M	252.83M	275.9M	300.67M	326.36M	348.95M	363.46M	371.45M	396.69M	394.27M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.04%	0.1%	0.09%	0.09%	0.09%	0.07%	0.04%	0.02%	0.07%	-0.01%
Operating Expenses+	183.63M	195.94M	203.84M	215.09M	226.1M	242.02M	244.23M	257.49M	526.02M	591.87M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	123.56M	139.28M	151.84M	167.79M	180.5M	190.4M	208.47M	206.18M	102.88M	100.41M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0%	0.13%	0.09%	0.11%	0.08%	0.05%	0.09%	-0.01%	-0.5%	-0.02%
Depreciation & Amortization+	70.53M	75.23M	75.93M	81.23M	80.25M	83.48M	89.24M	92.22M	232.21M	298.02M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	53.04M	64.04M	75.92M	86.56M	100.26M	106.92M	119.23M	113.96M	-129.33M	-197.61M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.02%	0.21%	0.19%	0.14%	0.16%	0.07%	0.12%	-0.04%	-2.13%	-0.53%
Interest Expense+	41.28M	40.8M	48.47M	51.06M	57.45M	62.49M	58.06M	67.58M	106.78M	123.32M
Interest Coverage	1.28x	1.57x	1.57x	1.70x	1.75x	1.71x	2.05x	1.69x	-1.21x	-1.60x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K
Pretax Income+	12.71M	24.26M	31.12M	41.38M	52.67M	10.31M	71.42M	26.38M	1.22B	-259.65M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	7.82M	9.33M	25.24M	12.71M	15.15M	4.1M	23.23M	21.23M	-53.96M	-55.58M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	4.9M	14.93M	5.88M	28.67M	37.52M	6.22M	48.19M	5.15M	1.27B	-204.07M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	5.14%	2.05%	-0.61%	3.88%	0.31%	-0.83%	6.75%	-0.89%	246.46%	-1.16%
EPS (Diluted)+	0.11	0.33	0.13	0.63	0.81	0.13	1.03	0.11	26.62	-4.30
EPS Growth %	4.5%	2%	-0.61%	3.85%	0.29%	-0.84%	6.92%	-0.89%	241%	-1.16%
EPS (Basic)	0.11	0.33	0.13	0.63	0.82	0.14	1.04	0.11	26.88	-4.28
Diluted Shares Outstanding	45.16M	44.87M	45.18M	45.78M	46.08M	46.67M	46.96M	47.21M	47.84M	47.63M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	662.82M	737.89M	710.59M	739.85M	932.12M	1B	984.56M	1.01B	3.21B	3.17B
Asset Growth %	-0.13%	0.11%	-0.04%	0.04%	0.26%	0.07%	-0.02%	0.03%	2.18%	-0.01%
PP&E (Net)+	360.14M	361.64M	381.28M	375.32M	442.39M	530M	559.57M	626.03M	1.9B	1.99B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	251.34M	327.62M	306.12M	350.34M	475.73M	456.34M	409.58M	365.91M	513.63M	482.1M
Cash & Equivalents	203.59M	274.32M	247.01M	276.09M	399.42M	371.3M	319.61M	223.78M	75.09M	198.49M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	0	0	0	0	0	0	0	0	0	0
Other Current Assets	17.03M	0	20.01M	0	0	0	9.02M	98.01M	38.69M	29.43M
Long-Term Investments	0	0	0	5.54M	0	0	0	0	0	0
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	472.81M	471.03M
Other Assets	6.2M	6.39M	5.57M	11.46M	13.67M	14.14M	15.41M	18.24M	325.77M	231.49M
Total Liabilities	675.09M	791.15M	813.13M	888.85M	1.14B	1.29B	1.36B	1.53B	2.6B	2.95B
Total Debt+	581.45M	701.82M	718.18M	795.24M	1.05B	1.21B	1.26B	1.36B	1.83B	2.34B
Net Debt	377.86M	427.5M	471.17M	519.15M	649.62M	839.96M	941.67M	1.13B	1.75B	2.14B
Long-Term Debt	445.44M	559.86M	560.68M	631.46M	782.46M	869.65M	891.42M	944.26M	945.59M	1.44B
Short-Term Borrowings	1000K	0	1000K	1000K	0	0	0	0	0	0
Capital Lease Obligations	136.01M	141.96M	157.5M	163.78M	266.58M	341.61M	369.86M	410.82M	882.57M	897.56M
Total Current Liabilities+	68.9M	67.91M	74.53M	75.31M	89.69M	94.44M	81.01M	120.28M	373.32M	253.34M
Accounts Payable	12.4M	11.55M	11.59M	8.52M	11.07M	9.78M	11.92M	27.21M	48.36M	39.8M
Accrued Expenses	30.7M	4.17M	5.14M	42.72M	40.93M	40.46M	29.87M	36.02M	50.59M	81.34M
Deferred Revenue	4.3M	4.33M	4.76M	4.5M	4.32M	4.65M	4.89M	4.91M	6.55M	6.24M
Other Current Liabilities	15.25M	41.23M	38.7M	12.49M	9.06M	6.79M	785K	20.27M	21.57M	18.26M
Deferred Taxes	0	0	0	-1000K	0	0	0	1000K	1000K	1000K
Other Liabilities	30.98M	28.04M	27.6M	23.84M	15.33M	14.79M	44.61M	34.99M	61.64M	40.13M
Total Equity+	-12.27M	-53.25M	-102.54M	-149M	-203.68M	-293.17M	-373.1M	-518.63M	609.56M	222.85M
Equity Growth %	-1.15%	-3.34%	-0.93%	-0.45%	-0.37%	-0.44%	-0.27%	-0.39%	2.18%	-0.63%
Shareholders Equity	-12.27M	-53.25M	-102.54M	-149M	-203.68M	-293.17M	-373.1M	-518.63M	609.56M	222.85M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	45K	45K	46K	46K	47K	47K	48K	48K	49K	49K
Additional Paid-in Capital	434.16M	442.8M	456.7M	471.33M	493.18M	515.87M	547.73M	575.06M	606.75M	629.83M
Retained Earnings	-431.78M	-478.9M	-554.69M	-609.45M	-684.58M	-807.77M	-909.88M	-1.07B	17.14M	-376.35M
Accumulated OCI	-14.69M	-17.19M	-4.6M	-10.93M	-12.33M	-1.31M	-11M	-19.16M	-14.38M	-30.68M
Return on Assets (ROA)	0.01%	0.02%	0.01%	0.04%	0.04%	0.01%	0.05%	0.01%	0.6%	-0.06%
Return on Equity (ROE)	0.14%	-	-	-	-	-	-	-	28.01%	-0.49%
Debt / Equity	-	-	-	-	-	-	-	-	3.00x	10.49x
Debt / Assets	0.88%	0.95%	1.01%	1.07%	1.13%	1.21%	1.28%	1.34%	0.57%	0.74%
Net Debt / EBITDA	3.06x	3.07x	3.10x	3.09x	3.60x	4.41x	4.52x	5.49x	17.04x	21.30x
Book Value per Share	-0.27	-1.19	-2.27	-3.25	-4.42	-6.28	-7.94	-10.99	12.74	4.68

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	83.81M	107.97M	111.7M	133.92M	148.81M	140.32M	170.26M	173.71M	17.34M	-8.64M
Operating CF Growth %	0.15%	0.29%	0.03%	0.2%	0.11%	-0.06%	0.21%	0.02%	-0.9%	-1.5%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	4.9M	14.93M	5.88M	28.67M	37.52M	6.22M	48.19M	5.15M	1.27B	-204.07M
Depreciation & Amortization	70.53M	75.23M	75.93M	81.23M	80.25M	83.48M	89.24M	92.22M	232.21M	298.02M
Deferred Taxes	7.71M	9.22M	24.68M	11.12M	12.16M	282K	18.16M	16.54M	-69.58M	-51.62M
Other Non-Cash Items	-6.19M	-5.98M	-3.59M	424K	-822K	36.45M	-23.37M	-17.84M	-1.43B	-46.36M
Working Capital Changes	-4.64M	3.83M	-4.47M	-5.23M	1.25M	-9.63M	11.22M	53.2M	-12.06M	-30.34M
Capital Expenditures+	-35.58M	-45.23M	-45.8M	-49.94M	-46.96M	-55.95M	-69.92M	-78.97M	-129.63M	-195M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-35.47M	-45.23M	-45.8M	-49.94M	-46.96M	-55.95M	-69.92M	-78.97M	76.73M	21.49M
Acquisitions	111K	0	0	0	0	0	0	0	2.19M	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	111K	0	0	0	0	0	0	0	204.17M	21.49M
Cash from Financing+	-128.85M	8.34M	-97.27M	-52.55M	22.02M	-116M	-140.82M	-144.85M	-257.85M	105.92M
Dividends Paid	-66.31M	-68.21M	-81.66M	-97.89M	-112.65M	-129.41M	-150.29M	-169.86M	-181.72M	-189.41M
Dividend Payout Ratio %	13.54%	4.57%	13.9%	3.41%	3%	20.82%	3.12%	33.01%	0.14%	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K
Stock Issued	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-39.39M	-4.49M	-1.83M	-6.56M	0	-4.5M	0	0	0	-7.97M
Other Financing	-247K	-21.2M	-2.58M	-7.67M	-8.37M	-9.16M	-5.1M	-176K	1.23M	2.2M
Net Change in Cash+	-84.2M	70.73M	-27.31M	29.08M	123.33M	-28.12M	-42.68M	-52.71M	-162.13M	114.14M
Exchange Rate Effect	-1000K	-346K	1000K	-1000K	-542K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	287.79M	203.59M	274.32M	247.01M	276.09M	399.42M	371.3M	328.62M	275.91M	113.78M
Cash at End	203.59M	274.32M	247.01M	276.09M	399.42M	371.3M	328.62M	275.91M	113.78M	227.92M
Free Cash Flow+	48.23M	62.73M	65.9M	83.98M	101.85M	84.37M	100.34M	94.74M	-112.29M	-203.64M
FCF Growth %	2.71%	0.3%	0.05%	0.27%	0.21%	-0.17%	0.19%	-0.06%	-2.19%	-0.81%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.69%	-	-	-	-	-	-	-	2801.11%	-49.03%
EBITDA Margin	30.57%	31.17%	31.3%	32.26%	33.05%	33.51%	35.35%	34.39%	10.93%	9.69%
Net Debt / EBITDA	3.06x	3.07x	3.10x	3.09x	3.60x	4.41x	4.52x	5.49x	17.04x	21.30x
Interest Coverage	1.28x	1.57x	1.57x	1.70x	1.75x	1.71x	2.05x	1.69x	-1.21x	-1.60x
CapEx / Revenue	8.8%	10.12%	9.44%	9.6%	8.6%	9.85%	11.85%	13.17%	13.78%	0%
Dividend Payout Ratio	1354.45%	456.9%	1389.67%	341.46%	300.23%	2081.92%	311.9%	3300.76%	14.27%	-
Debt / Equity	-	-	-	-	-	-	-	-	3.00x	10.49x
EPS Growth	450%	200%	-60.61%	384.62%	28.57%	-83.95%	692.31%	-89.32%	24100%	-116.15%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	332.81M	372.81M	402.19M	299.02M	319.33M	330.92M	340.11M	350.26M	802.69M	888M
North America Growth	-	12.02%	7.88%	-25.65%	6.79%	3.63%	2.77%	2.98%	129.17%	10.63%
Europe	71.42M	74.09M	82.98M	72.96M	72.32M	79.57M	87.93M	82.45M	108.37M	116.12M
Europe Growth	-	3.74%	12.00%	-12.08%	-0.87%	10.02%	10.51%	-6.23%	31.44%	7.16%
Oceania	-	-	-	-	-	-	-	13.69M	21.43M	23.32M
Oceania Growth	-	-	-	-	-	-	-	-	56.53%	8.83%
South America	-	-	-	-	-	2.06M	4.1M	5.66M	7.65M	8.02M
South America Growth	-	-	-	-	-	-	99.51%	37.88%	35.24%	4.84%
Africa	-	-	-	-	-	72K	503K	727K	786K	642K
Africa Growth	-	-	-	-	-	-	598.61%	44.53%	8.12%	-18.32%
Asia Pacific	-	-	-	2.56M	4.62M	6.83M	10.2M	-	-	-
Asia Pacific Growth	-	-	-	-	80.13%	48.08%	49.21%	-	-	-
Latin America	-	-	-	14K	488K	-	-	-	-	-
Latin America Growth	-	-	-	-	3385.71%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Cogent Communications Holdings, Inc. (CCOI) reported $968.3M in revenue for fiscal year 2024. This represents a 217% increase from $305.5M in 2011.

Cogent Communications Holdings, Inc. (CCOI) grew revenue by 10.1% over the past year. This is steady growth.

Cogent Communications Holdings, Inc. (CCOI) reported a net loss of $194.7M for fiscal year 2024.

Dividend & Returns

Yes, Cogent Communications Holdings, Inc. (CCOI) pays a dividend with a yield of 17.47%. This makes it attractive for income-focused investors.

Cogent Communications Holdings, Inc. (CCOI) has a return on equity (ROE) of -49.0%. Negative ROE indicates the company is unprofitable.

Cogent Communications Holdings, Inc. (CCOI) had negative free cash flow of $186.7M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Cogent Communications Holdings, Inc. (CCOI) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.