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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and FIRST COMMONWEALTH FINANCIAL CORP (FCF). 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 $133.7M, roughly 1.8× FIRST COMMONWEALTH FINANCIAL CORP). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs -12.8%, a 40.9% gap on every dollar of revenue. On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs -4.7%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% 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.
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
CCOI vs FCF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $133.7M |
| Net Profit | $-30.8M | $37.5M |
| Gross Margin | 46.6% | — |
| Operating Margin | -4.7% | — |
| Net Margin | -12.8% | 28.1% |
| Revenue YoY | -4.7% | 13.0% |
| Net Profit YoY | 28.9% | 14.8% |
| EPS (diluted) | $-0.63 | $0.37 |
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 | — | $133.7M | ||
| Q4 25 | $240.5M | $137.9M | ||
| Q3 25 | $241.9M | $136.0M | ||
| Q2 25 | $246.2M | $131.0M | ||
| Q1 25 | $247.0M | $118.0M | ||
| Q4 24 | $252.3M | $120.4M | ||
| Q3 24 | $257.2M | $121.2M | ||
| Q2 24 | $260.4M | $120.2M |
| Q1 26 | — | $37.5M | ||
| Q4 25 | $-30.8M | $44.9M | ||
| Q3 25 | $-41.5M | $41.3M | ||
| Q2 25 | $-57.8M | $33.4M | ||
| Q1 25 | $-52.0M | $32.7M | ||
| Q4 24 | $-43.3M | $35.8M | ||
| Q3 24 | $-63.1M | $32.1M | ||
| Q2 24 | $-32.3M | $37.1M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -4.7% | 40.9% | ||
| Q3 25 | -7.5% | 38.1% | ||
| Q2 25 | -12.8% | 32.1% | ||
| Q1 25 | -16.3% | 34.8% | ||
| Q4 24 | -13.2% | 37.1% | ||
| Q3 24 | -22.5% | 33.4% | ||
| Q2 24 | -18.1% | 38.7% |
| Q1 26 | — | 28.1% | ||
| Q4 25 | -12.8% | 32.5% | ||
| Q3 25 | -17.2% | 30.4% | ||
| Q2 25 | -23.5% | 25.5% | ||
| Q1 25 | -21.1% | 27.7% | ||
| Q4 24 | -17.2% | 29.8% | ||
| Q3 24 | -24.5% | 26.5% | ||
| Q2 24 | -12.4% | 30.9% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $-0.63 | $0.44 | ||
| Q3 25 | $-0.87 | $0.39 | ||
| Q2 25 | $-1.21 | $0.32 | ||
| Q1 25 | $-1.09 | $0.32 | ||
| Q4 24 | $-0.89 | $0.35 | ||
| Q3 24 | $-1.33 | $0.31 | ||
| Q2 24 | $-0.68 | $0.36 |
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 | — |
| Total DebtLower is stronger | $1.7B | $154.9M |
| Stockholders' EquityBook value | $-63.8M | $1.6B |
| Total Assets | $3.1B | $12.3B |
| Debt / EquityLower = less leverage | — | 0.10× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $148.5M | — | ||
| Q3 25 | $147.1M | — | ||
| Q2 25 | $213.7M | — | ||
| Q1 25 | $153.8M | — | ||
| Q4 24 | $198.5M | — | ||
| Q3 24 | $279.2M | — | ||
| Q2 24 | $384.4M | — |
| Q1 26 | — | $154.9M | ||
| Q4 25 | $1.7B | $261.7M | ||
| Q3 25 | — | $262.1M | ||
| Q2 25 | — | $262.4M | ||
| Q1 25 | — | $262.7M | ||
| Q4 24 | $1.5B | $263.0M | ||
| Q3 24 | — | $136.3M | ||
| Q2 24 | — | $136.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $-63.8M | $1.6B | ||
| Q3 25 | $-39.2M | $1.5B | ||
| Q2 25 | $46.7M | $1.5B | ||
| Q1 25 | $142.8M | $1.4B | ||
| Q4 24 | $222.8M | $1.4B | ||
| Q3 24 | $323.6M | $1.4B | ||
| Q2 24 | $415.5M | $1.4B |
| Q1 26 | — | $12.3B | ||
| Q4 25 | $3.1B | $12.3B | ||
| Q3 25 | $3.1B | $12.3B | ||
| Q2 25 | $3.3B | $12.2B | ||
| Q1 25 | $3.1B | $11.8B | ||
| Q4 24 | $3.2B | $11.6B | ||
| Q3 24 | $3.2B | $12.0B | ||
| Q2 24 | $3.3B | $11.6B |
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | 6.53× | 0.19× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.10× |
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 | $187.5M | ||
| Q3 25 | $3.1M | $49.5M | ||
| Q2 25 | $-44.0M | $30.4M | ||
| Q1 25 | $36.4M | $55.9M | ||
| Q4 24 | $14.5M | $129.5M | ||
| Q3 24 | $-20.2M | $53.6M | ||
| Q2 24 | $-22.2M | $22.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-43.0M | $171.5M | ||
| Q3 25 | $-33.1M | — | ||
| Q2 25 | $-100.2M | — | ||
| Q1 25 | $-21.7M | — | ||
| Q4 24 | $-31.6M | $113.9M | ||
| Q3 24 | $-79.5M | — | ||
| Q2 24 | $-70.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | -17.9% | 124.3% | ||
| Q3 25 | -13.7% | — | ||
| Q2 25 | -40.7% | — | ||
| Q1 25 | -8.8% | — | ||
| Q4 24 | -12.5% | 94.6% | ||
| Q3 24 | -30.9% | — | ||
| Q2 24 | -27.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 15.4% | 11.7% | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 23.5% | — | ||
| Q4 24 | 18.3% | 12.9% | ||
| Q3 24 | 23.0% | — | ||
| Q2 24 | 18.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.18× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 1.71× | ||
| Q4 24 | — | 3.61× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
