vs

Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and GERMAN AMERICAN BANCORP, INC. (GABC). 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 $126.7M, roughly 1.9× GERMAN AMERICAN BANCORP, INC.). GERMAN AMERICAN BANCORP, INC. runs the higher net margin — 28.2% vs -12.8%, a 41.0% gap on every dollar of revenue. On growth, GERMAN AMERICAN BANCORP, INC. posted the faster year-over-year revenue change (39.7% vs -4.7%). GERMAN AMERICAN BANCORP, INC. produced more free cash flow last quarter ($154.0M vs $-43.0M). Over the past eight quarters, GERMAN AMERICAN BANCORP, INC.'s revenue compounded faster (22.7% 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.

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

CCOI vs GABC — Head-to-Head

Bigger by revenue
CCOI
CCOI
1.9× larger
CCOI
$240.5M
$126.7M
GABC
Growing faster (revenue YoY)
GABC
GABC
+44.3% gap
GABC
39.7%
-4.7%
CCOI
Higher net margin
GABC
GABC
41.0% more per $
GABC
28.2%
-12.8%
CCOI
More free cash flow
GABC
GABC
$197.0M more FCF
GABC
$154.0M
$-43.0M
CCOI
Faster 2-yr revenue CAGR
GABC
GABC
Annualised
GABC
22.7%
-4.9%
CCOI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCOI
CCOI
GABC
GABC
Revenue
$240.5M
$126.7M
Net Profit
$-30.8M
$35.7M
Gross Margin
46.6%
Operating Margin
-4.7%
34.6%
Net Margin
-12.8%
28.2%
Revenue YoY
-4.7%
39.7%
Net Profit YoY
28.9%
53.7%
EPS (diluted)
$-0.63
$0.98

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
GABC
GABC
Q4 25
$240.5M
$126.7M
Q3 25
$241.9M
$126.5M
Q2 25
$246.2M
$123.2M
Q1 25
$247.0M
$111.1M
Q4 24
$252.3M
$90.7M
Q3 24
$257.2M
$88.5M
Q2 24
$260.4M
$90.5M
Q1 24
$266.2M
$84.1M
Net Profit
CCOI
CCOI
GABC
GABC
Q4 25
$-30.8M
$35.7M
Q3 25
$-41.5M
$35.1M
Q2 25
$-57.8M
$31.4M
Q1 25
$-52.0M
$10.5M
Q4 24
$-43.3M
$23.2M
Q3 24
$-63.1M
$21.0M
Q2 24
$-32.3M
$20.5M
Q1 24
$-65.3M
$19.0M
Gross Margin
CCOI
CCOI
GABC
GABC
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
GABC
GABC
Q4 25
-4.7%
34.6%
Q3 25
-7.5%
34.6%
Q2 25
-12.8%
31.8%
Q1 25
-16.3%
12.0%
Q4 24
-13.2%
31.6%
Q3 24
-22.5%
29.0%
Q2 24
-18.1%
29.4%
Q1 24
-22.3%
27.6%
Net Margin
CCOI
CCOI
GABC
GABC
Q4 25
-12.8%
28.2%
Q3 25
-17.2%
27.7%
Q2 25
-23.5%
25.5%
Q1 25
-21.1%
9.5%
Q4 24
-17.2%
25.6%
Q3 24
-24.5%
23.8%
Q2 24
-12.4%
22.7%
Q1 24
-24.5%
22.6%
EPS (diluted)
CCOI
CCOI
GABC
GABC
Q4 25
$-0.63
$0.98
Q3 25
$-0.87
$0.94
Q2 25
$-1.21
$0.84
Q1 25
$-1.09
$0.30
Q4 24
$-0.89
$0.79
Q3 24
$-1.33
$0.71
Q2 24
$-0.68
$0.69
Q1 24
$-1.38
$0.64

Balance Sheet & Financial Strength

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

Metric
CCOI
CCOI
GABC
GABC
Cash + ST InvestmentsLiquidity on hand
$148.5M
Total DebtLower is stronger
$1.7B
$100.0M
Stockholders' EquityBook value
$-63.8M
$1.2B
Total Assets
$3.1B
$8.4B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCOI
CCOI
GABC
GABC
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 24
$118.4M
Total Debt
CCOI
CCOI
GABC
GABC
Q4 25
$1.7B
$100.0M
Q3 25
Q2 25
Q1 25
Q4 24
$1.5B
$114.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CCOI
CCOI
GABC
GABC
Q4 25
$-63.8M
$1.2B
Q3 25
$-39.2M
$1.1B
Q2 25
$46.7M
$1.1B
Q1 25
$142.8M
$1.0B
Q4 24
$222.8M
$715.1M
Q3 24
$323.6M
$744.6M
Q2 24
$415.5M
$687.8M
Q1 24
$500.6M
$655.3M
Total Assets
CCOI
CCOI
GABC
GABC
Q4 25
$3.1B
$8.4B
Q3 25
$3.1B
$8.4B
Q2 25
$3.3B
$8.3B
Q1 25
$3.1B
$8.4B
Q4 24
$3.2B
$6.3B
Q3 24
$3.2B
$6.3B
Q2 24
$3.3B
$6.2B
Q1 24
$3.1B
$6.1B
Debt / Equity
CCOI
CCOI
GABC
GABC
Q4 25
0.09×
Q3 25
Q2 25
Q1 25
Q4 24
6.53×
0.16×
Q3 24
Q2 24
Q1 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
GABC
GABC
Operating Cash FlowLast quarter
$-6.0M
$159.3M
Free Cash FlowOCF − Capex
$-43.0M
$154.0M
FCF MarginFCF / Revenue
-17.9%
121.6%
Capex IntensityCapex / Revenue
15.4%
4.2%
Cash ConversionOCF / Net Profit
4.46×
TTM Free Cash FlowTrailing 4 quarters
$-198.1M
$267.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCOI
CCOI
GABC
GABC
Q4 25
$-6.0M
$159.3M
Q3 25
$3.1M
$51.8M
Q2 25
$-44.0M
$26.9M
Q1 25
$36.4M
$37.9M
Q4 24
$14.5M
$95.8M
Q3 24
$-20.2M
$24.5M
Q2 24
$-22.2M
$18.7M
Q1 24
$19.2M
$23.9M
Free Cash Flow
CCOI
CCOI
GABC
GABC
Q4 25
$-43.0M
$154.0M
Q3 25
$-33.1M
$50.1M
Q2 25
$-100.2M
$26.2M
Q1 25
$-21.7M
$36.7M
Q4 24
$-31.6M
$90.7M
Q3 24
$-79.5M
$23.0M
Q2 24
$-70.9M
$17.0M
Q1 24
$-21.7M
$22.6M
FCF Margin
CCOI
CCOI
GABC
GABC
Q4 25
-17.9%
121.6%
Q3 25
-13.7%
39.6%
Q2 25
-40.7%
21.2%
Q1 25
-8.8%
33.0%
Q4 24
-12.5%
100.1%
Q3 24
-30.9%
26.0%
Q2 24
-27.2%
18.8%
Q1 24
-8.1%
26.9%
Capex Intensity
CCOI
CCOI
GABC
GABC
Q4 25
15.4%
4.2%
Q3 25
15.0%
1.3%
Q2 25
22.8%
0.6%
Q1 25
23.5%
1.1%
Q4 24
18.3%
5.6%
Q3 24
23.0%
1.7%
Q2 24
18.7%
1.8%
Q1 24
15.4%
1.5%
Cash Conversion
CCOI
CCOI
GABC
GABC
Q4 25
4.46×
Q3 25
1.48×
Q2 25
0.86×
Q1 25
3.61×
Q4 24
4.13×
Q3 24
1.16×
Q2 24
0.91×
Q1 24
1.25×

Financial Flow Comparison

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

Related Comparisons