Cogent Communications Holdings, Inc. (CCOI) Financial Ratios
26 years of historical data (2000–2025) · Communication Services · Telecommunications Services
EV/EBITDA
↑
20.66
↓-40% vs avg
5yr avg: 34.48
30Y Low0.8·High57.9
P/FCF
↓
N/A
—
5yr avg: 31.35
30Y Low14.0·High126.0
P/B Ratio
↑
N/A
—
5yr avg: 11.22
30Y Low0.0·High19.6
ROE
↓
-229.1%
↑-127% vs avg
5yr avg: 841.0%
30Y Low-229%·High101%
Debt/EBITDA
↑
17.62
↑+24% vs avg
5yr avg: 14.26
30Y Low0.4·High23.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CCOI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cogent Communications Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $711M | $1.0B | $3.7B | $3.6B | $2.7B | $3.4B | $2.8B | $3.0B | $2.1B | $2.0B | $1.9B |
| Enterprise Value | $3.4B | $3.8B | $5.8B | $5.4B | $3.8B | $4.4B | $3.6B | $3.7B | $2.6B | $2.5B | $2.3B |
| P/E Ratio → | -3.73 | — | — | 2.86 | 518.91 | 71.05 | 460.54 | 81.25 | 71.76 | 348.46 | 125.30 |
| P/S Ratio | 0.73 | 1.06 | 3.54 | 3.87 | 4.49 | 5.83 | 4.92 | 5.55 | 3.98 | 4.22 | 4.15 |
| P/B Ratio | — | — | 16.47 | 5.97 | — | — | — | — | — | — | — |
| P/FCF | — | — | — | — | 28.44 | 34.25 | 33.12 | 29.77 | 24.64 | 31.06 | 29.58 |
| P/OCF | — | — | — | 209.77 | 15.51 | 20.19 | 19.91 | 20.38 | 15.46 | 18.32 | 17.19 |
P/E links to full P/E history page with 30-year chart
CCOI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cogent Communications Holdings, Inc.'s enterprise value stands at 20.7x EBITDA, 40% below its 5-year average of 34.5x. The Communication Services sector median is 9.6x, placing the stock at a 115% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.85 | 5.61 | 5.73 | 6.38 | 7.42 | 6.40 | 6.74 | 4.98 | 5.19 | 5.11 |
| EV / EBITDA | 20.66 | 22.60 | 57.85 | 52.41 | 18.56 | 21.00 | 19.09 | 20.40 | 15.43 | 16.58 | 16.39 |
| EV / EBIT | — | — | — | 4.07 | 27.91 | 33.82 | 49.92 | 33.44 | 30.25 | 34.95 | 38.06 |
| EV / FCF | — | — | — | — | 40.38 | 43.64 | 43.07 | 36.15 | 30.83 | 38.21 | 36.39 |
CCOI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cogent Communications Holdings, Inc. earns an operating margin of -10.6%, below the Communication Services sector average of 1.6%. Operating margins have expanded from -13.7% to -10.6% over the past 3 years, signaling improving operational efficiency. A negative ROE of -229.1% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.5% | 17.5% | 38.1% | 42.2% | 61.9% | 61.6% | 61.4% | 59.8% | 57.8% | 56.9% | 56.6% |
| Operating Margin | -10.6% | -10.6% | -19.1% | -13.7% | 19.0% | 20.2% | 18.8% | 18.4% | 16.6% | 15.6% | 14.3% |
| Net Profit Margin | -18.7% | -18.7% | -19.7% | 135.3% | 0.9% | 8.2% | 1.1% | 6.9% | 5.5% | 1.2% | 3.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -229.1% | -229.1% | -49.0% | 2801.1% | — | — | — | — | — | — | — |
| ROA | -5.8% | -5.8% | -6.4% | 60.3% | 0.5% | 4.9% | 0.6% | 4.5% | 4.0% | 0.8% | 2.1% |
| ROIC | -3.1% | -3.1% | -6.3% | -6.5% | 14.5% | 16.0% | 16.2% | 18.4% | 17.6% | 15.3% | 13.0% |
| ROCE | -3.6% | -3.6% | -6.9% | -6.9% | 12.7% | 13.2% | 12.2% | 13.3% | 13.3% | 11.6% | 10.1% |
CCOI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cogent Communications Holdings, Inc. carries a Debt/EBITDA ratio of 17.6x, which is highly leveraged (388% above the sector average of 3.6x). Net debt stands at $2.7B ($2.9B total debt minus $205M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 10.49 | 3.00 | — | — | — | — | — | — | — |
| Debt / EBITDA | 17.62 | 17.62 | 23.27 | 17.77 | 6.57 | 6.05 | 6.36 | 5.81 | 4.74 | 4.73 | 5.04 |
| Net Debt / Equity | — | — | 9.60 | 2.88 | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 16.39 | 16.39 | 21.30 | 17.04 | 5.49 | 4.52 | 4.41 | 3.60 | 3.09 | 3.10 | 3.07 |
| Debt / FCF | — | — | — | — | 11.94 | 9.38 | 9.96 | 6.38 | 6.18 | 7.15 | 6.81 |
| Interest Coverage | -0.52 | -0.52 | -1.11 | 12.42 | 2.03 | 2.23 | 1.17 | 1.92 | 1.68 | 1.49 | 1.47 |
CCOI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Cogent Communications Holdings, Inc.'s current ratio of 2.04x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.38x to 2.04x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.04 | 2.04 | 1.90 | 1.38 | 3.04 | 5.06 | 4.83 | 5.30 | 4.65 | 4.11 | 4.82 |
| Quick Ratio | 2.04 | 2.04 | 1.90 | 1.38 | 3.04 | 5.06 | 4.83 | 5.30 | 4.65 | 4.11 | 4.82 |
| Cash Ratio | 0.93 | 0.93 | 0.78 | 0.20 | 1.86 | 3.95 | 3.93 | 4.45 | 3.67 | 3.31 | 4.04 |
| Asset Turnover | — | 0.31 | 0.33 | 0.29 | 0.59 | 0.60 | 0.57 | 0.59 | 0.70 | 0.68 | 0.61 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CCOI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cogent Communications Holdings, Inc. returns 24.4% to shareholders annually — split between a 22.1% dividend yield and 2.3% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 22.1% | 14.5% | 5.2% | 5.0% | 6.3% | 4.4% | 4.6% | 3.7% | 4.7% | 4.0% | 3.7% |
| Payout Ratio | — | — | — | 14.3% | 3300.8% | 311.9% | 2081.9% | 300.2% | 341.5% | 1389.7% | 456.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 35.0% | 0.2% | 1.4% | 0.2% | 1.2% | 1.4% | 0.3% | 0.8% |
| FCF Yield | — | — | — | — | 3.5% | 2.9% | 3.0% | 3.4% | 4.1% | 3.2% | 3.4% |
| Buyback Yield | 2.3% | 1.6% | 0.2% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.3% | 0.1% | 0.2% |
| Total Shareholder Yield | 24.4% | 16.1% | 5.4% | 5.0% | 6.3% | 4.4% | 4.8% | 3.7% | 5.0% | 4.1% | 3.9% |
| Shares Outstanding | — | $48M | $48M | $48M | $47M | $47M | $47M | $46M | $46M | $45M | $45M |
Peer Comparison
Compare CCOI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CCOIYou | $711M | -3.7 | 20.7 | — | 17.5% | -10.6% | -229.1% | -3.1% | 17.6 |
 LUMN | $8B | -4.7 | 9.8 | 22.8 | 46.5% | -1.5% | — | -0.8% | 6.9 |
 IIPR | $2B | 15.2 | 10.3 | 9.7 | 88.7% | 46.7% | 6.0% | 4.3% | 2.0 |
 VZ | $191B | 11.2 | 7.8 | 9.5 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
 T | $154B | 7.2 | 6.9 | 7.9 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
 TMUS | $197B | 18.7 | 9.7 | 19.0 | 47.6% | 21.2% | 18.2% | 8.1% | 3.8 |
 WOW | $446M | -7.2 | 6.7 | — | 59.3% | 1.0% | -25.2% | 0.4% | 4.8 |
 CABO | $233M | -0.6 | 4.4 | 0.8 | 51.3% | 26.5% | -22.1% | 6.1% | 4.3 |
 EQIX | $108B | 79.4 | 32.9 | — | 51.3% | 20.0% | 9.7% | 4.3% | 5.8 |
 DLR | $65B | 52.6 | 33.4 | 26.8 | 55.4% | 10.8% | 5.5% | 1.2% | 9.5 |
 CSCO | $471B | 46.9 | 33.6 | 35.5 | 64.9% | 20.8% | 22.1% | 13.0% | 1.9 |
| Communication Services Median | — | 15.3 | 9.6 | 11.4 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 26 years · Updated daily
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CCOI — Frequently Asked Questions
Quick answers to the most common questions about buying CCOI stock.
What is Cogent Communications Holdings, Inc.'s P/E ratio?
Cogent Communications Holdings, Inc.'s current P/E ratio is -3.7x. The historical average is 60.9x.
What is Cogent Communications Holdings, Inc.'s EV/EBITDA?
Cogent Communications Holdings, Inc.'s current EV/EBITDA is 20.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.1x.
What is Cogent Communications Holdings, Inc.'s ROE?
Cogent Communications Holdings, Inc.'s return on equity (ROE) is -229.1%. The historical average is -24.2%.
Is CCOI stock overvalued?
Based on historical data, Cogent Communications Holdings, Inc. is trading at a P/E of -3.7x. Compare with industry peers and growth rates for a complete picture.
What is Cogent Communications Holdings, Inc.'s dividend yield?
Cogent Communications Holdings, Inc.'s current dividend yield is 22.06%.
What are Cogent Communications Holdings, Inc.'s profit margins?
Cogent Communications Holdings, Inc. has 17.5% gross margin and -10.6% operating margin.
How much debt does Cogent Communications Holdings, Inc. have?
Cogent Communications Holdings, Inc.'s Debt/EBITDA ratio is 17.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.