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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and FULTON FINANCIAL CORP (FULT). Click either name above to swap in a different company.

FULTON FINANCIAL CORP is the larger business by last-quarter revenue ($336.2M vs $240.5M, roughly 1.4× COGENT COMMUNICATIONS HOLDINGS, INC.). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs -12.8%, a 41.0% gap on every dollar of revenue. On growth, FULTON FINANCIAL CORP posted the faster year-over-year revenue change (4.2% vs -4.7%). Over the past eight quarters, FULTON FINANCIAL CORP's revenue compounded faster (0.2% 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.

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

CCOI vs FULT — Head-to-Head

Bigger by revenue
FULT
FULT
1.4× larger
FULT
$336.2M
$240.5M
CCOI
Growing faster (revenue YoY)
FULT
FULT
+8.9% gap
FULT
4.2%
-4.7%
CCOI
Higher net margin
FULT
FULT
41.0% more per $
FULT
28.2%
-12.8%
CCOI
Faster 2-yr revenue CAGR
FULT
FULT
Annualised
FULT
0.2%
-4.9%
CCOI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CCOI
CCOI
FULT
FULT
Revenue
$240.5M
$336.2M
Net Profit
$-30.8M
$94.8M
Gross Margin
46.6%
Operating Margin
-4.7%
Net Margin
-12.8%
28.2%
Revenue YoY
-4.7%
4.2%
Net Profit YoY
28.9%
1.9%
EPS (diluted)
$-0.63
$0.55

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
FULT
FULT
Q1 26
$336.2M
Q4 25
$240.5M
$336.0M
Q3 25
$241.9M
$334.6M
Q2 25
$246.2M
$324.1M
Q1 25
$247.0M
$318.4M
Q4 24
$252.3M
$319.6M
Q3 24
$257.2M
$317.7M
Q2 24
$260.4M
$334.7M
Net Profit
CCOI
CCOI
FULT
FULT
Q1 26
$94.8M
Q4 25
$-30.8M
$99.0M
Q3 25
$-41.5M
$100.5M
Q2 25
$-57.8M
$99.2M
Q1 25
$-52.0M
$93.0M
Q4 24
$-43.3M
$68.6M
Q3 24
$-63.1M
$63.2M
Q2 24
$-32.3M
$95.0M
Gross Margin
CCOI
CCOI
FULT
FULT
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%
Operating Margin
CCOI
CCOI
FULT
FULT
Q1 26
Q4 25
-4.7%
35.7%
Q3 25
-7.5%
38.2%
Q2 25
-12.8%
37.8%
Q1 25
-16.3%
36.1%
Q4 24
-13.2%
27.0%
Q3 24
-22.5%
25.1%
Q2 24
-18.1%
30.8%
Net Margin
CCOI
CCOI
FULT
FULT
Q1 26
28.2%
Q4 25
-12.8%
29.5%
Q3 25
-17.2%
30.0%
Q2 25
-23.5%
30.6%
Q1 25
-21.1%
29.2%
Q4 24
-17.2%
21.5%
Q3 24
-24.5%
19.9%
Q2 24
-12.4%
28.4%
EPS (diluted)
CCOI
CCOI
FULT
FULT
Q1 26
$0.55
Q4 25
$-0.63
$0.53
Q3 25
$-0.87
$0.53
Q2 25
$-1.21
$0.53
Q1 25
$-1.09
$0.49
Q4 24
$-0.89
$0.36
Q3 24
$-1.33
$0.33
Q2 24
$-0.68
$0.52

Balance Sheet & Financial Strength

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

Metric
CCOI
CCOI
FULT
FULT
Cash + ST InvestmentsLiquidity on hand
$148.5M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$-63.8M
$3.5B
Total Assets
$3.1B
$32.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCOI
CCOI
FULT
FULT
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
Total Debt
CCOI
CCOI
FULT
FULT
Q1 26
Q4 25
$1.7B
Q3 25
Q2 25
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
Stockholders' Equity
CCOI
CCOI
FULT
FULT
Q1 26
$3.5B
Q4 25
$-63.8M
$3.5B
Q3 25
$-39.2M
$3.4B
Q2 25
$46.7M
$3.3B
Q1 25
$142.8M
$3.3B
Q4 24
$222.8M
$3.2B
Q3 24
$323.6M
$3.2B
Q2 24
$415.5M
$3.1B
Total Assets
CCOI
CCOI
FULT
FULT
Q1 26
$32.2B
Q4 25
$3.1B
$32.1B
Q3 25
$3.1B
$32.0B
Q2 25
$3.3B
$32.0B
Q1 25
$3.1B
$32.1B
Q4 24
$3.2B
$32.1B
Q3 24
$3.2B
$32.2B
Q2 24
$3.3B
$31.8B
Debt / Equity
CCOI
CCOI
FULT
FULT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
6.53×
Q3 24
Q2 24

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
FULT
FULT
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.

Operating Cash Flow
CCOI
CCOI
FULT
FULT
Q1 26
Q4 25
$-6.0M
$304.5M
Q3 25
$3.1M
$116.1M
Q2 25
$-44.0M
$91.7M
Q1 25
$36.4M
$703.0K
Q4 24
$14.5M
$416.6M
Q3 24
$-20.2M
$-22.0M
Q2 24
$-22.2M
$157.8M
Free Cash Flow
CCOI
CCOI
FULT
FULT
Q1 26
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
FCF Margin
CCOI
CCOI
FULT
FULT
Q1 26
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%
Capex Intensity
CCOI
CCOI
FULT
FULT
Q1 26
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%
Cash Conversion
CCOI
CCOI
FULT
FULT
Q1 26
Q4 25
3.08×
Q3 25
1.16×
Q2 25
0.92×
Q1 25
0.01×
Q4 24
6.07×
Q3 24
-0.35×
Q2 24
1.66×

Financial Flow Comparison

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

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