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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and Claritev Corp (CTEV). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $240.5M, roughly 1.0× COGENT COMMUNICATIONS HOLDINGS, INC.). COGENT COMMUNICATIONS HOLDINGS, INC. runs the higher net margin — -12.8% vs -32.7%, a 19.9% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -4.7%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $-43.0M). Over the past eight quarters, Claritev Corp's revenue compounded faster (2.5% 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.
CCOI vs CTEV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $246.6M |
| Net Profit | $-30.8M | $-80.6M |
| Gross Margin | 46.6% | — |
| Operating Margin | -4.7% | -3.1% |
| Net Margin | -12.8% | -32.7% |
| Revenue YoY | -4.7% | 6.2% |
| Net Profit YoY | 28.9% | 41.6% |
| EPS (diluted) | $-0.63 | $-4.88 |
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.
| Q4 25 | $240.5M | $246.6M | ||
| Q3 25 | $241.9M | $246.0M | ||
| Q2 25 | $246.2M | $241.6M | ||
| Q1 25 | $247.0M | $231.3M | ||
| Q4 24 | $252.3M | $232.1M | ||
| Q3 24 | $257.2M | $230.5M | ||
| Q2 24 | $260.4M | $233.5M | ||
| Q1 24 | $266.2M | $234.5M |
| Q4 25 | $-30.8M | $-80.6M | ||
| Q3 25 | $-41.5M | $-69.8M | ||
| Q2 25 | $-57.8M | $-62.6M | ||
| Q1 25 | $-52.0M | $-71.3M | ||
| Q4 24 | $-43.3M | $-138.0M | ||
| Q3 24 | $-63.1M | $-391.4M | ||
| Q2 24 | $-32.3M | $-576.7M | ||
| Q1 24 | $-65.3M | $-539.7M |
| Q4 25 | 46.6% | — | ||
| Q3 25 | 45.6% | — | ||
| Q2 25 | 44.2% | — | ||
| Q1 25 | 44.4% | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.2% | — | ||
| Q2 24 | 40.0% | — | ||
| Q1 24 | 36.5% | — |
| Q4 25 | -4.7% | -3.1% | ||
| Q3 25 | -7.5% | 4.1% | ||
| Q2 25 | -12.8% | 6.9% | ||
| Q1 25 | -16.3% | 4.2% | ||
| Q4 24 | -13.2% | -17.8% | ||
| Q3 24 | -22.5% | -146.7% | ||
| Q2 24 | -18.1% | -224.4% | ||
| Q1 24 | -22.3% | -207.4% |
| Q4 25 | -12.8% | -32.7% | ||
| Q3 25 | -17.2% | -28.4% | ||
| Q2 25 | -23.5% | -25.9% | ||
| Q1 25 | -21.1% | -30.8% | ||
| Q4 24 | -17.2% | -59.4% | ||
| Q3 24 | -24.5% | -169.8% | ||
| Q2 24 | -12.4% | -247.0% | ||
| Q1 24 | -24.5% | -230.1% |
| Q4 25 | $-0.63 | $-4.88 | ||
| Q3 25 | $-0.87 | $-4.23 | ||
| Q2 25 | $-1.21 | $-3.81 | ||
| Q1 25 | $-1.09 | $-4.38 | ||
| Q4 24 | $-0.89 | $-8.49 | ||
| Q3 24 | $-1.33 | $-24.25 | ||
| Q2 24 | $-0.68 | $-35.78 | ||
| Q1 24 | $-1.38 | $-33.40 |
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 | $16.8M |
| Total DebtLower is stronger | $1.7B | $4.6B |
| Stockholders' EquityBook value | $-63.8M | $-173.9M |
| Total Assets | $3.1B | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $16.8M | ||
| Q3 25 | $147.1M | $39.2M | ||
| Q2 25 | $213.7M | $56.4M | ||
| Q1 25 | $153.8M | $23.1M | ||
| Q4 24 | $198.5M | $16.8M | ||
| Q3 24 | $279.2M | $86.6M | ||
| Q2 24 | $384.4M | $48.8M | ||
| Q1 24 | $118.4M | $58.7M |
| Q4 25 | $1.7B | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | $1.5B | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $-63.8M | $-173.9M | ||
| Q3 25 | $-39.2M | $-101.8M | ||
| Q2 25 | $46.7M | $-39.9M | ||
| Q1 25 | $142.8M | $14.8M | ||
| Q4 24 | $222.8M | $84.0M | ||
| Q3 24 | $323.6M | $207.6M | ||
| Q2 24 | $415.5M | $603.4M | ||
| Q1 24 | $500.6M | $1.2B |
| Q4 25 | $3.1B | $4.9B | ||
| Q3 25 | $3.1B | $5.0B | ||
| Q2 25 | $3.3B | $5.1B | ||
| Q1 25 | $3.1B | $5.1B | ||
| Q4 24 | $3.2B | $5.2B | ||
| Q3 24 | $3.2B | $5.3B | ||
| Q2 24 | $3.3B | $5.7B | ||
| Q1 24 | $3.1B | $6.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 304.87× | ||
| Q4 24 | 6.53× | 53.67× | ||
| Q3 24 | — | 21.73× | ||
| Q2 24 | — | 7.48× | ||
| Q1 24 | — | 3.85× |
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 | $66.3M |
| Free Cash FlowOCF − Capex | $-43.0M | $36.4M |
| FCF MarginFCF / Revenue | -17.9% | 14.8% |
| Capex IntensityCapex / Revenue | 15.4% | 12.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $-12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $66.3M | ||
| Q3 25 | $3.1M | $19.9M | ||
| Q2 25 | $-44.0M | $61.2M | ||
| Q1 25 | $36.4M | $-30.1M | ||
| Q4 24 | $14.5M | $-33.4M | ||
| Q3 24 | $-20.2M | $72.8M | ||
| Q2 24 | $-22.2M | $18.5M | ||
| Q1 24 | $19.2M | $49.7M |
| Q4 25 | $-43.0M | $36.4M | ||
| Q3 25 | $-33.1M | $-16.3M | ||
| Q2 25 | $-100.2M | $36.6M | ||
| Q1 25 | $-21.7M | $-68.9M | ||
| Q4 24 | $-31.6M | $-63.8M | ||
| Q3 24 | $-79.5M | $41.1M | ||
| Q2 24 | $-70.9M | $-7.0M | ||
| Q1 24 | $-21.7M | $19.2M |
| Q4 25 | -17.9% | 14.8% | ||
| Q3 25 | -13.7% | -6.6% | ||
| Q2 25 | -40.7% | 15.2% | ||
| Q1 25 | -8.8% | -29.8% | ||
| Q4 24 | -12.5% | -27.5% | ||
| Q3 24 | -30.9% | 17.8% | ||
| Q2 24 | -27.2% | -3.0% | ||
| Q1 24 | -8.1% | 8.2% |
| Q4 25 | 15.4% | 12.1% | ||
| Q3 25 | 15.0% | 14.7% | ||
| Q2 25 | 22.8% | 10.2% | ||
| Q1 25 | 23.5% | 16.8% | ||
| Q4 24 | 18.3% | 13.1% | ||
| Q3 24 | 23.0% | 13.8% | ||
| Q2 24 | 18.7% | 10.9% | ||
| Q1 24 | 15.4% | 13.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
