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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and Globalstar, Inc. (GSAT). 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 $72.0M, roughly 3.3× Globalstar, Inc.). COGENT COMMUNICATIONS HOLDINGS, INC. runs the higher net margin — -12.8% vs -16.1%, a 3.3% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -4.7%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% 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.
Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites.
CCOI vs GSAT — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $72.0M |
| Net Profit | $-30.8M | $-11.6M |
| Gross Margin | 46.6% | — |
| Operating Margin | -4.7% | -0.5% |
| Net Margin | -12.8% | -16.1% |
| Revenue YoY | -4.7% | 17.6% |
| Net Profit YoY | 28.9% | 76.9% |
| EPS (diluted) | $-0.63 | $-0.11 |
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 | $72.0M | ||
| Q3 25 | $241.9M | $73.8M | ||
| Q2 25 | $246.2M | $67.1M | ||
| Q1 25 | $247.0M | $60.0M | ||
| Q4 24 | $252.3M | $61.2M | ||
| Q3 24 | $257.2M | $72.3M | ||
| Q2 24 | $260.4M | $60.4M | ||
| Q1 24 | $266.2M | $56.5M |
| Q4 25 | $-30.8M | $-11.6M | ||
| Q3 25 | $-41.5M | $1.1M | ||
| Q2 25 | $-57.8M | $19.2M | ||
| Q1 25 | $-52.0M | $-17.3M | ||
| Q4 24 | $-43.3M | $-50.2M | ||
| Q3 24 | $-63.1M | $9.9M | ||
| Q2 24 | $-32.3M | $-9.7M | ||
| Q1 24 | $-65.3M | $-13.2M |
| 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% | — |
| Q4 25 | -4.7% | -0.5% | ||
| Q3 25 | -7.5% | 13.8% | ||
| Q2 25 | -12.8% | 9.2% | ||
| Q1 25 | -16.3% | -14.2% | ||
| Q4 24 | -13.2% | -6.9% | ||
| Q3 24 | -22.5% | 13.0% | ||
| Q2 24 | -18.1% | -2.4% | ||
| Q1 24 | -22.3% | -8.3% |
| Q4 25 | -12.8% | -16.1% | ||
| Q3 25 | -17.2% | 1.5% | ||
| Q2 25 | -23.5% | 28.6% | ||
| Q1 25 | -21.1% | -28.9% | ||
| Q4 24 | -17.2% | -82.1% | ||
| Q3 24 | -24.5% | 13.7% | ||
| Q2 24 | -12.4% | -16.0% | ||
| Q1 24 | -24.5% | -23.4% |
| Q4 25 | $-0.63 | $-0.11 | ||
| Q3 25 | $-0.87 | $-0.01 | ||
| Q2 25 | $-1.21 | $0.13 | ||
| Q1 25 | $-1.09 | $-0.16 | ||
| Q4 24 | $-0.89 | $-0.57 | ||
| Q3 24 | $-1.33 | $0.00 | ||
| Q2 24 | $-0.68 | $-0.01 | ||
| Q1 24 | $-1.38 | $-0.01 |
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 | $447.5M |
| Total DebtLower is stronger | $1.7B | $483.8M |
| Stockholders' EquityBook value | $-63.8M | $355.7M |
| Total Assets | $3.1B | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $447.5M | ||
| Q3 25 | $147.1M | $346.3M | ||
| Q2 25 | $213.7M | $308.2M | ||
| Q1 25 | $153.8M | $241.4M | ||
| Q4 24 | $198.5M | $391.2M | ||
| Q3 24 | $279.2M | $51.9M | ||
| Q2 24 | $384.4M | $64.3M | ||
| Q1 24 | $118.4M | $59.3M |
| Q4 25 | $1.7B | $483.8M | ||
| Q3 25 | — | $508.6M | ||
| Q2 25 | — | $491.5M | ||
| Q1 25 | — | $502.7M | ||
| Q4 24 | $1.5B | $511.4M | ||
| Q3 24 | — | $394.4M | ||
| Q2 24 | — | $393.1M | ||
| Q1 24 | — | $398.7M |
| Q4 25 | $-63.8M | $355.7M | ||
| Q3 25 | $-39.2M | $364.8M | ||
| Q2 25 | $46.7M | $360.9M | ||
| Q1 25 | $142.8M | $344.3M | ||
| Q4 24 | $222.8M | $358.9M | ||
| Q3 24 | $323.6M | $394.1M | ||
| Q2 24 | $415.5M | $383.0M | ||
| Q1 24 | $500.6M | $377.1M |
| Q4 25 | $3.1B | $2.3B | ||
| Q3 25 | $3.1B | $2.2B | ||
| Q2 25 | $3.3B | $1.9B | ||
| Q1 25 | $3.1B | $1.7B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.2B | $917.6M | ||
| Q2 24 | $3.3B | $926.2M | ||
| Q1 24 | $3.1B | $917.0M |
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | 6.53× | 1.43× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $175.9M |
| 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.
| Q4 25 | $-6.0M | $175.9M | ||
| Q3 25 | $3.1M | $236.0M | ||
| Q2 25 | $-44.0M | $157.9M | ||
| Q1 25 | $36.4M | $51.9M | ||
| Q4 24 | $14.5M | $340.7M | ||
| Q3 24 | $-20.2M | $32.0M | ||
| Q2 24 | $-22.2M | $36.7M | ||
| Q1 24 | $19.2M | $29.8M |
| 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 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCOI
Segment breakdown not available.
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
