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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and Essex Property Trust (ESS). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $240.5M, roughly 2.0× COGENT COMMUNICATIONS HOLDINGS, INC.). Essex Property Trust runs the higher net margin — 17.9% vs -12.8%, a 30.7% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -4.7%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% 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.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
CCOI vs ESS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $479.6M |
| Net Profit | $-30.8M | $85.7M |
| Gross Margin | 46.6% | 70.0% |
| Operating Margin | -4.7% | 31.7% |
| Net Margin | -12.8% | 17.9% |
| Revenue YoY | -4.7% | 5.5% |
| Net Profit YoY | 28.9% | -71.6% |
| EPS (diluted) | $-0.63 | $1.24 |
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 | $479.6M | ||
| Q3 25 | $241.9M | $473.3M | ||
| Q2 25 | $246.2M | $469.8M | ||
| Q1 25 | $247.0M | $464.6M | ||
| Q4 24 | $252.3M | $454.5M | ||
| Q3 24 | $257.2M | $450.7M | ||
| Q2 24 | $260.4M | $442.4M | ||
| Q1 24 | $266.2M | $426.9M |
| Q4 25 | $-30.8M | $85.7M | ||
| Q3 25 | $-41.5M | $172.7M | ||
| Q2 25 | $-57.8M | $231.5M | ||
| Q1 25 | $-52.0M | $212.8M | ||
| Q4 24 | $-43.3M | $301.7M | ||
| Q3 24 | $-63.1M | $125.5M | ||
| Q2 24 | $-32.3M | $99.0M | ||
| Q1 24 | $-65.3M | $285.1M |
| Q4 25 | 46.6% | 70.0% | ||
| Q3 25 | 45.6% | 69.2% | ||
| Q2 25 | 44.2% | 70.7% | ||
| Q1 25 | 44.4% | 69.6% | ||
| Q4 24 | 38.5% | 70.0% | ||
| Q3 24 | 37.2% | 69.5% | ||
| Q2 24 | 40.0% | 70.8% | ||
| Q1 24 | 36.5% | 69.7% |
| Q4 25 | -4.7% | 31.7% | ||
| Q3 25 | -7.5% | 44.5% | ||
| Q2 25 | -12.8% | 59.5% | ||
| Q1 25 | -16.3% | 55.3% | ||
| Q4 24 | -13.2% | 67.0% | ||
| Q3 24 | -22.5% | 28.6% | ||
| Q2 24 | -18.1% | 31.1% | ||
| Q1 24 | -22.3% | 31.0% |
| Q4 25 | -12.8% | 17.9% | ||
| Q3 25 | -17.2% | 36.5% | ||
| Q2 25 | -23.5% | 49.3% | ||
| Q1 25 | -21.1% | 45.8% | ||
| Q4 24 | -17.2% | 66.4% | ||
| Q3 24 | -24.5% | 27.8% | ||
| Q2 24 | -12.4% | 22.4% | ||
| Q1 24 | -24.5% | 66.8% |
| Q4 25 | $-0.63 | $1.24 | ||
| Q3 25 | $-0.87 | $2.56 | ||
| Q2 25 | $-1.21 | $3.44 | ||
| Q1 25 | $-1.09 | $3.16 | ||
| Q4 24 | $-0.89 | $4.00 | ||
| Q3 24 | $-1.33 | $1.84 | ||
| Q2 24 | $-0.68 | $1.45 | ||
| Q1 24 | $-1.38 | $4.25 |
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 | $76.2M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $-63.8M | $5.5B |
| Total Assets | $3.1B | $13.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $76.2M | ||
| Q3 25 | $147.1M | $66.0M | ||
| Q2 25 | $213.7M | $58.7M | ||
| Q1 25 | $153.8M | $98.7M | ||
| Q4 24 | $198.5M | $66.8M | ||
| Q3 24 | $279.2M | $71.3M | ||
| Q2 24 | $384.4M | $55.2M | ||
| Q1 24 | $118.4M | $499.0M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.6B |
| Q4 25 | $-63.8M | $5.5B | ||
| Q3 25 | $-39.2M | $5.6B | ||
| Q2 25 | $46.7M | $5.6B | ||
| Q1 25 | $142.8M | $5.6B | ||
| Q4 24 | $222.8M | $5.5B | ||
| Q3 24 | $323.6M | $5.4B | ||
| Q2 24 | $415.5M | $5.5B | ||
| Q1 24 | $500.6M | $5.5B |
| Q4 25 | $3.1B | $13.2B | ||
| Q3 25 | $3.1B | $13.2B | ||
| Q2 25 | $3.3B | $13.2B | ||
| Q1 25 | $3.1B | $13.2B | ||
| Q4 24 | $3.2B | $12.9B | ||
| Q3 24 | $3.2B | $12.6B | ||
| Q2 24 | $3.3B | $12.5B | ||
| Q1 24 | $3.1B | $12.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | 6.53× | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 1.19× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $-43.0M | — |
| FCF MarginFCF / Revenue | -17.9% | — |
| Capex IntensityCapex / Revenue | 15.4% | — |
| Cash ConversionOCF / Net Profit | — | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $1.1B | ||
| Q3 25 | $3.1M | $342.6M | ||
| Q2 25 | $-44.0M | $216.1M | ||
| Q1 25 | $36.4M | $281.5M | ||
| Q4 24 | $14.5M | $1.1B | ||
| Q3 24 | $-20.2M | $316.2M | ||
| Q2 24 | $-22.2M | $218.9M | ||
| Q1 24 | $19.2M | $314.9M |
| 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 24 | $-21.7M | — |
| 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 24 | -8.1% | — |
| 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 24 | 15.4% | — |
| Q4 25 | — | 12.53× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 3.54× | ||
| Q3 24 | — | 2.52× | ||
| Q2 24 | — | 2.21× | ||
| Q1 24 | — | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
