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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and Climb Global Solutions, Inc. (CLMB). Click either name above to swap in a different company.
COGENT COMMUNICATIONS HOLDINGS, INC. is the larger business by last-quarter revenue ($240.5M vs $182.4M, roughly 1.3× Climb Global Solutions, Inc.). Climb Global Solutions, Inc. runs the higher net margin — 1.8% vs -12.8%, a 14.6% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs -4.7%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs -4.9%).
Cogent Communications Holdings, Inc. is a multinational internet service provider based in the United States. Cogent's primary services consist of Internet access and data transport, offered on a fiber optic, IP data-only network, along with colocation in data centers.
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
CCOI vs CLMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $182.4M |
| Net Profit | $-30.8M | $3.3M |
| Gross Margin | 46.6% | 14.5% |
| Operating Margin | -4.7% | 2.1% |
| Net Margin | -12.8% | 1.8% |
| Revenue YoY | -4.7% | 32.1% |
| Net Profit YoY | 28.9% | -9.5% |
| EPS (diluted) | $-0.63 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $182.4M | ||
| Q4 25 | $240.5M | $193.8M | ||
| Q3 25 | $241.9M | $161.3M | ||
| Q2 25 | $246.2M | $159.3M | ||
| Q1 25 | $247.0M | $138.0M | ||
| Q4 24 | $252.3M | $161.8M | ||
| Q3 24 | $257.2M | $119.3M | ||
| Q2 24 | $260.4M | $92.1M |
| Q1 26 | — | $3.3M | ||
| Q4 25 | $-30.8M | $7.0M | ||
| Q3 25 | $-41.5M | $4.7M | ||
| Q2 25 | $-57.8M | $6.0M | ||
| Q1 25 | $-52.0M | $3.7M | ||
| Q4 24 | $-43.3M | $7.0M | ||
| Q3 24 | $-63.1M | $5.5M | ||
| Q2 24 | $-32.3M | $3.4M |
| Q1 26 | — | 14.5% | ||
| Q4 25 | 46.6% | 15.4% | ||
| Q3 25 | 45.6% | 15.9% | ||
| Q2 25 | 44.2% | 16.5% | ||
| Q1 25 | 44.4% | 16.9% | ||
| Q4 24 | 38.5% | 19.3% | ||
| Q3 24 | 37.2% | 20.3% | ||
| Q2 24 | 40.0% | 20.2% |
| Q1 26 | — | 2.1% | ||
| Q4 25 | -4.7% | 4.9% | ||
| Q3 25 | -7.5% | 4.3% | ||
| Q2 25 | -12.8% | 5.0% | ||
| Q1 25 | -16.3% | 3.5% | ||
| Q4 24 | -13.2% | 7.2% | ||
| Q3 24 | -22.5% | 7.1% | ||
| Q2 24 | -18.1% | 4.6% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | -12.8% | 3.6% | ||
| Q3 25 | -17.2% | 2.9% | ||
| Q2 25 | -23.5% | 3.7% | ||
| Q1 25 | -21.1% | 2.7% | ||
| Q4 24 | -17.2% | 4.3% | ||
| Q3 24 | -24.5% | 4.6% | ||
| Q2 24 | -12.4% | 3.7% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.63 | $1.51 | ||
| Q3 25 | $-0.87 | $1.02 | ||
| Q2 25 | $-1.21 | $1.30 | ||
| Q1 25 | $-1.09 | $0.81 | ||
| Q4 24 | $-0.89 | $1.52 | ||
| Q3 24 | $-1.33 | $1.19 | ||
| Q2 24 | $-0.68 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $148.5M | $41.8M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $-63.8M | $118.4M |
| Total Assets | $3.1B | $458.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $41.8M | ||
| Q4 25 | $148.5M | $36.6M | ||
| Q3 25 | $147.1M | $49.8M | ||
| Q2 25 | $213.7M | $28.6M | ||
| Q1 25 | $153.8M | $32.5M | ||
| Q4 24 | $198.5M | $29.8M | ||
| Q3 24 | $279.2M | $22.1M | ||
| Q2 24 | $384.4M | $48.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $118.4M | ||
| Q4 25 | $-63.8M | $116.6M | ||
| Q3 25 | $-39.2M | $109.3M | ||
| Q2 25 | $46.7M | $105.2M | ||
| Q1 25 | $142.8M | $95.6M | ||
| Q4 24 | $222.8M | $90.6M | ||
| Q3 24 | $323.6M | $87.7M | ||
| Q2 24 | $415.5M | $79.8M |
| Q1 26 | — | $458.8M | ||
| Q4 25 | $3.1B | $460.2M | ||
| Q3 25 | $3.1B | $376.1M | ||
| Q2 25 | $3.3B | $420.7M | ||
| Q1 25 | $3.1B | $370.1M | ||
| Q4 24 | $3.2B | $469.2M | ||
| Q3 24 | $3.2B | $371.9M | ||
| Q2 24 | $3.3B | $302.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.53× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.0M | — |
| Free Cash FlowOCF − Capex | $-43.0M | — |
| FCF MarginFCF / Revenue | -17.9% | — |
| Capex IntensityCapex / Revenue | 15.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-6.0M | $-11.9M | ||
| Q3 25 | $3.1M | $22.2M | ||
| Q2 25 | $-44.0M | $-2.2M | ||
| Q1 25 | $36.4M | $8.5M | ||
| Q4 24 | $14.5M | $16.0M | ||
| Q3 24 | $-20.2M | $-3.6M | ||
| Q2 24 | $-22.2M | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-43.0M | — | ||
| Q3 25 | $-33.1M | — | ||
| Q2 25 | $-100.2M | — | ||
| Q1 25 | $-21.7M | — | ||
| Q4 24 | $-31.6M | — | ||
| Q3 24 | $-79.5M | — | ||
| Q2 24 | $-70.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | -17.9% | — | ||
| Q3 25 | -13.7% | — | ||
| Q2 25 | -40.7% | — | ||
| Q1 25 | -8.8% | — | ||
| Q4 24 | -12.5% | — | ||
| Q3 24 | -30.9% | — | ||
| Q2 24 | -27.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 23.5% | — | ||
| Q4 24 | 18.3% | — | ||
| Q3 24 | 23.0% | — | ||
| Q2 24 | 18.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.70× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | — | -0.37× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | — | -0.66× | ||
| Q2 24 | — | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
