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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and EverCommerce Inc. (EVCM). 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 $151.2M, roughly 1.6× EverCommerce Inc.). EverCommerce Inc. runs the higher net margin — 4.0% vs -12.8%, a 16.8% gap on every dollar of revenue. On growth, EverCommerce Inc. posted the faster year-over-year revenue change (5.2% vs -4.7%). EverCommerce Inc. produced more free cash flow last quarter ($21.0M vs $-43.0M). Over the past eight quarters, EverCommerce Inc.'s revenue compounded faster (4.7% 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.

EverCommerce Inc. is a leading provider of integrated SaaS solutions tailored for small and medium-sized service-based businesses, operating primarily across North America and select global markets. Its product suite covers business management, payment processing, customer engagement, and marketing tools, serving key segments including home services, health & wellness, and fitness industries.

CCOI vs EVCM — Head-to-Head

Bigger by revenue
CCOI
CCOI
1.6× larger
CCOI
$240.5M
$151.2M
EVCM
Growing faster (revenue YoY)
EVCM
EVCM
+9.8% gap
EVCM
5.2%
-4.7%
CCOI
Higher net margin
EVCM
EVCM
16.8% more per $
EVCM
4.0%
-12.8%
CCOI
More free cash flow
EVCM
EVCM
$64.0M more FCF
EVCM
$21.0M
$-43.0M
CCOI
Faster 2-yr revenue CAGR
EVCM
EVCM
Annualised
EVCM
4.7%
-4.9%
CCOI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCOI
CCOI
EVCM
EVCM
Revenue
$240.5M
$151.2M
Net Profit
$-30.8M
$6.0M
Gross Margin
46.6%
Operating Margin
-4.7%
8.8%
Net Margin
-12.8%
4.0%
Revenue YoY
-4.7%
5.2%
Net Profit YoY
28.9%
149.4%
EPS (diluted)
$-0.63
$0.04

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.

Revenue
CCOI
CCOI
EVCM
EVCM
Q4 25
$240.5M
$151.2M
Q3 25
$241.9M
$147.5M
Q2 25
$246.2M
$148.0M
Q1 25
$247.0M
$142.3M
Q4 24
$252.3M
$143.7M
Q3 24
$257.2M
$140.1M
Q2 24
$260.4M
$140.5M
Q1 24
$266.2M
$137.9M
Net Profit
CCOI
CCOI
EVCM
EVCM
Q4 25
$-30.8M
$6.0M
Q3 25
$-41.5M
$11.1M
Q2 25
$-57.8M
$8.2M
Q1 25
$-52.0M
$-7.7M
Q4 24
$-43.3M
$-12.2M
Q3 24
$-63.1M
$-9.2M
Q2 24
$-32.3M
$-3.4M
Q1 24
$-65.3M
$-16.3M
Gross Margin
CCOI
CCOI
EVCM
EVCM
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%
Operating Margin
CCOI
CCOI
EVCM
EVCM
Q4 25
-4.7%
8.8%
Q3 25
-7.5%
10.8%
Q2 25
-12.8%
10.7%
Q1 25
-16.3%
10.0%
Q4 24
-13.2%
8.8%
Q3 24
-22.5%
7.2%
Q2 24
-18.1%
5.5%
Q1 24
-22.3%
-3.1%
Net Margin
CCOI
CCOI
EVCM
EVCM
Q4 25
-12.8%
4.0%
Q3 25
-17.2%
7.5%
Q2 25
-23.5%
5.5%
Q1 25
-21.1%
-5.4%
Q4 24
-17.2%
-8.5%
Q3 24
-24.5%
-6.5%
Q2 24
-12.4%
-2.4%
Q1 24
-24.5%
-11.8%
EPS (diluted)
CCOI
CCOI
EVCM
EVCM
Q4 25
$-0.63
$0.04
Q3 25
$-0.87
$0.06
Q2 25
$-1.21
$0.04
Q1 25
$-1.09
$-0.04
Q4 24
$-0.89
$-0.06
Q3 24
$-1.33
$-0.05
Q2 24
$-0.68
$-0.02
Q1 24
$-1.38
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CCOI
CCOI
EVCM
EVCM
Cash + ST InvestmentsLiquidity on hand
$148.5M
$129.7M
Total DebtLower is stronger
$1.7B
$523.4M
Stockholders' EquityBook value
$-63.8M
$716.9M
Total Assets
$3.1B
$1.4B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCOI
CCOI
EVCM
EVCM
Q4 25
$148.5M
$129.7M
Q3 25
$147.1M
$106.9M
Q2 25
$213.7M
$151.1M
Q1 25
$153.8M
$148.4M
Q4 24
$198.5M
$135.8M
Q3 24
$279.2M
$101.6M
Q2 24
$384.4M
$86.7M
Q1 24
$118.4M
$90.0M
Total Debt
CCOI
CCOI
EVCM
EVCM
Q4 25
$1.7B
$523.4M
Q3 25
$524.6M
Q2 25
$525.8M
Q1 25
$526.9M
Q4 24
$1.5B
$527.9M
Q3 24
$529.0M
Q2 24
$530.1M
Q1 24
$531.1M
Stockholders' Equity
CCOI
CCOI
EVCM
EVCM
Q4 25
$-63.8M
$716.9M
Q3 25
$-39.2M
$728.5M
Q2 25
$46.7M
$744.0M
Q1 25
$142.8M
$739.6M
Q4 24
$222.8M
$750.8M
Q3 24
$323.6M
$770.7M
Q2 24
$415.5M
$784.1M
Q1 24
$500.6M
$800.7M
Total Assets
CCOI
CCOI
EVCM
EVCM
Q4 25
$3.1B
$1.4B
Q3 25
$3.1B
$1.4B
Q2 25
$3.3B
$1.4B
Q1 25
$3.1B
$1.4B
Q4 24
$3.2B
$1.4B
Q3 24
$3.2B
$1.5B
Q2 24
$3.3B
$1.5B
Q1 24
$3.1B
$1.5B
Debt / Equity
CCOI
CCOI
EVCM
EVCM
Q4 25
0.73×
Q3 25
0.72×
Q2 25
0.71×
Q1 25
0.71×
Q4 24
6.53×
0.70×
Q3 24
0.69×
Q2 24
0.68×
Q1 24
0.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CCOI
CCOI
EVCM
EVCM
Operating Cash FlowLast quarter
$-6.0M
$21.3M
Free Cash FlowOCF − Capex
$-43.0M
$21.0M
FCF MarginFCF / Revenue
-17.9%
13.9%
Capex IntensityCapex / Revenue
15.4%
0.2%
Cash ConversionOCF / Net Profit
3.52×
TTM Free Cash FlowTrailing 4 quarters
$-198.1M
$109.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCOI
CCOI
EVCM
EVCM
Q4 25
$-6.0M
$21.3M
Q3 25
$3.1M
$32.5M
Q2 25
$-44.0M
$27.0M
Q1 25
$36.4M
$30.7M
Q4 24
$14.5M
$48.4M
Q3 24
$-20.2M
$27.5M
Q2 24
$-22.2M
$23.9M
Q1 24
$19.2M
$13.3M
Free Cash Flow
CCOI
CCOI
EVCM
EVCM
Q4 25
$-43.0M
$21.0M
Q3 25
$-33.1M
$31.6M
Q2 25
$-100.2M
$26.5M
Q1 25
$-21.7M
$30.2M
Q4 24
$-31.6M
$48.2M
Q3 24
$-79.5M
$27.4M
Q2 24
$-70.9M
$23.3M
Q1 24
$-21.7M
$12.9M
FCF Margin
CCOI
CCOI
EVCM
EVCM
Q4 25
-17.9%
13.9%
Q3 25
-13.7%
21.4%
Q2 25
-40.7%
17.9%
Q1 25
-8.8%
21.2%
Q4 24
-12.5%
33.5%
Q3 24
-30.9%
19.5%
Q2 24
-27.2%
16.6%
Q1 24
-8.1%
9.4%
Capex Intensity
CCOI
CCOI
EVCM
EVCM
Q4 25
15.4%
0.2%
Q3 25
15.0%
0.6%
Q2 25
22.8%
0.3%
Q1 25
23.5%
0.3%
Q4 24
18.3%
0.2%
Q3 24
23.0%
0.1%
Q2 24
18.7%
0.5%
Q1 24
15.4%
0.3%
Cash Conversion
CCOI
CCOI
EVCM
EVCM
Q4 25
3.52×
Q3 25
2.93×
Q2 25
3.31×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CCOI
CCOI

Segment breakdown not available.

EVCM
EVCM

Transferred Over Time$146.4M97%
Transferred At Point In Time$4.8M3%

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