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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and Krispy Kreme, Inc. (DNUT). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $240.5M, roughly 1.6× COGENT COMMUNICATIONS HOLDINGS, INC.). Krispy Kreme, Inc. runs the higher net margin — -7.1% vs -12.8%, a 5.7% gap on every dollar of revenue. On growth, Krispy Kreme, Inc. posted the faster year-over-year revenue change (-2.9% vs -4.7%). Krispy Kreme, Inc. produced more free cash flow last quarter ($27.9M vs $-43.0M). Over the past eight quarters, COGENT COMMUNICATIONS HOLDINGS, INC.'s revenue compounded faster (-4.9% CAGR vs -5.9%).
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.
Krispy Kreme, Inc. is an American multinational doughnut company and coffeehouse chain. Krispy Kreme was founded by Vernon Rudolph (1915–1973), who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores. Steady growth preceded an ambitious expansion as a public company in the period 2000 to 2016, which ultimately proved unprofitable. In 2016, the company retur...
CCOI vs DNUT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $392.4M |
| Net Profit | $-30.8M | $-27.8M |
| Gross Margin | 46.6% | — |
| Operating Margin | -4.7% | -1.9% |
| Net Margin | -12.8% | -7.1% |
| Revenue YoY | -4.7% | -2.9% |
| Net Profit YoY | 28.9% | -23.8% |
| 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.
| Q4 25 | $240.5M | $392.4M | ||
| Q3 25 | $241.9M | $375.3M | ||
| Q2 25 | $246.2M | $379.8M | ||
| Q1 25 | $247.0M | $375.2M | ||
| Q4 24 | $252.3M | $404.0M | ||
| Q3 24 | $257.2M | $379.9M | ||
| Q2 24 | $260.4M | $438.8M | ||
| Q1 24 | $266.2M | $442.7M |
| Q4 25 | $-30.8M | $-27.8M | ||
| Q3 25 | $-41.5M | $-19.4M | ||
| Q2 25 | $-57.8M | $-435.3M | ||
| Q1 25 | $-52.0M | $-33.3M | ||
| Q4 24 | $-43.3M | $-22.4M | ||
| Q3 24 | $-63.1M | $39.6M | ||
| Q2 24 | $-32.3M | $-5.5M | ||
| Q1 24 | $-65.3M | $-8.5M |
| 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% | -1.9% | ||
| Q3 25 | -7.5% | -1.9% | ||
| Q2 25 | -12.8% | -114.4% | ||
| Q1 25 | -16.3% | -5.4% | ||
| Q4 24 | -13.2% | -2.8% | ||
| Q3 24 | -22.5% | -4.2% | ||
| Q2 24 | -18.1% | 1.6% | ||
| Q1 24 | -22.3% | 2.7% |
| Q4 25 | -12.8% | -7.1% | ||
| Q3 25 | -17.2% | -5.2% | ||
| Q2 25 | -23.5% | -114.6% | ||
| Q1 25 | -21.1% | -8.9% | ||
| Q4 24 | -17.2% | -5.6% | ||
| Q3 24 | -24.5% | 10.4% | ||
| Q2 24 | -12.4% | -1.3% | ||
| Q1 24 | -24.5% | -1.9% |
| Q4 25 | $-0.63 | $-0.18 | ||
| Q3 25 | $-0.87 | $-0.11 | ||
| Q2 25 | $-1.21 | $-2.55 | ||
| Q1 25 | $-1.09 | $-0.20 | ||
| Q4 24 | $-0.89 | $-0.13 | ||
| Q3 24 | $-1.33 | $0.23 | ||
| Q2 24 | $-0.68 | $-0.03 | ||
| Q1 24 | $-1.38 | $-0.05 |
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 | $42.4M |
| Total DebtLower is stronger | $1.7B | $911.9M |
| Stockholders' EquityBook value | $-63.8M | $650.1M |
| Total Assets | $3.1B | $2.6B |
| Debt / EquityLower = less leverage | — | 1.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $42.4M | ||
| Q3 25 | $147.1M | $30.7M | ||
| Q2 25 | $213.7M | $21.3M | ||
| Q1 25 | $153.8M | $18.7M | ||
| Q4 24 | $198.5M | $29.0M | ||
| Q3 24 | $279.2M | $25.4M | ||
| Q2 24 | $384.4M | $28.6M | ||
| Q1 24 | $118.4M | $33.1M |
| Q4 25 | $1.7B | $911.9M | ||
| Q3 25 | — | $906.2M | ||
| Q2 25 | — | $889.4M | ||
| Q1 25 | — | $935.0M | ||
| Q4 24 | $1.5B | $844.5M | ||
| Q3 24 | — | $804.6M | ||
| Q2 24 | — | $895.0M | ||
| Q1 24 | — | $881.8M |
| Q4 25 | $-63.8M | $650.1M | ||
| Q3 25 | $-39.2M | $670.3M | ||
| Q2 25 | $46.7M | $693.6M | ||
| Q1 25 | $142.8M | $1.1B | ||
| Q4 24 | $222.8M | $1.1B | ||
| Q3 24 | $323.6M | $1.2B | ||
| Q2 24 | $415.5M | $1.1B | ||
| Q1 24 | $500.6M | $1.2B |
| Q4 25 | $3.1B | $2.6B | ||
| Q3 25 | $3.1B | $2.6B | ||
| Q2 25 | $3.3B | $2.6B | ||
| Q1 25 | $3.1B | $3.1B | ||
| Q4 24 | $3.2B | $3.1B | ||
| Q3 24 | $3.2B | $3.1B | ||
| Q2 24 | $3.3B | $3.2B | ||
| Q1 24 | $3.1B | $3.2B |
| Q4 25 | — | 1.40× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.28× | ||
| Q1 25 | — | 0.85× | ||
| Q4 24 | 6.53× | 0.74× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.76× |
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 | $45.0M |
| Free Cash FlowOCF − Capex | $-43.0M | $27.9M |
| FCF MarginFCF / Revenue | -17.9% | 7.1% |
| Capex IntensityCapex / Revenue | 15.4% | 4.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $-64.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $45.0M | ||
| Q3 25 | $3.1M | $42.3M | ||
| Q2 25 | $-44.0M | $-32.5M | ||
| Q1 25 | $36.4M | $-20.8M | ||
| Q4 24 | $14.5M | $27.0M | ||
| Q3 24 | $-20.2M | $3.3M | ||
| Q2 24 | $-22.2M | $33.2M | ||
| Q1 24 | $19.2M | $-17.7M |
| Q4 25 | $-43.0M | $27.9M | ||
| Q3 25 | $-33.1M | $15.5M | ||
| Q2 25 | $-100.2M | $-60.8M | ||
| Q1 25 | $-21.7M | $-46.7M | ||
| Q4 24 | $-31.6M | $-6.9M | ||
| Q3 24 | $-79.5M | $-22.9M | ||
| Q2 24 | $-70.9M | $1.6M | ||
| Q1 24 | $-21.7M | $-46.8M |
| Q4 25 | -17.9% | 7.1% | ||
| Q3 25 | -13.7% | 4.1% | ||
| Q2 25 | -40.7% | -16.0% | ||
| Q1 25 | -8.8% | -12.5% | ||
| Q4 24 | -12.5% | -1.7% | ||
| Q3 24 | -30.9% | -6.0% | ||
| Q2 24 | -27.2% | 0.4% | ||
| Q1 24 | -8.1% | -10.6% |
| Q4 25 | 15.4% | 4.4% | ||
| Q3 25 | 15.0% | 7.1% | ||
| Q2 25 | 22.8% | 7.4% | ||
| Q1 25 | 23.5% | 6.9% | ||
| Q4 24 | 18.3% | 8.4% | ||
| Q3 24 | 23.0% | 6.9% | ||
| Q2 24 | 18.7% | 7.2% | ||
| Q1 24 | 15.4% | 6.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
