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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and Hilltop Holdings Inc. (HTH). Click either name above to swap in a different company.
Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $240.5M, roughly 1.2× COGENT COMMUNICATIONS HOLDINGS, INC.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs -12.8%, a 25.8% gap on every dollar of revenue. Over the past eight quarters, Hilltop Holdings Inc.'s revenue compounded faster (0.6% 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.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
CCOI vs HTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $300.5M |
| Net Profit | $-30.8M | $39.0M |
| Gross Margin | 46.6% | — |
| Operating Margin | -4.7% | — |
| Net Margin | -12.8% | 13.0% |
| Revenue YoY | -4.7% | — |
| Net Profit YoY | 28.9% | -12.4% |
| EPS (diluted) | $-0.63 | $0.64 |
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 | — | $300.5M | ||
| Q4 25 | $240.5M | $329.9M | ||
| Q3 25 | $241.9M | $330.2M | ||
| Q2 25 | $246.2M | $303.3M | ||
| Q1 25 | $247.0M | $318.5M | ||
| Q4 24 | $252.3M | $301.1M | ||
| Q3 24 | $257.2M | $305.5M | ||
| Q2 24 | $260.4M | $297.0M |
| Q1 26 | — | $39.0M | ||
| Q4 25 | $-30.8M | $41.6M | ||
| Q3 25 | $-41.5M | $45.8M | ||
| Q2 25 | $-57.8M | $36.1M | ||
| Q1 25 | $-52.0M | $42.1M | ||
| Q4 24 | $-43.3M | $35.5M | ||
| Q3 24 | $-63.1M | $29.7M | ||
| Q2 24 | $-32.3M | $20.3M |
| 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% | 16.1% | ||
| Q3 25 | -7.5% | 18.4% | ||
| Q2 25 | -12.8% | 16.3% | ||
| Q1 25 | -16.3% | 18.1% | ||
| Q4 24 | -13.2% | 14.7% | ||
| Q3 24 | -22.5% | 13.9% | ||
| Q2 24 | -18.1% | 10.0% |
| Q1 26 | — | 13.0% | ||
| Q4 25 | -12.8% | 12.6% | ||
| Q3 25 | -17.2% | 13.9% | ||
| Q2 25 | -23.5% | 11.9% | ||
| Q1 25 | -21.1% | 13.2% | ||
| Q4 24 | -17.2% | 11.8% | ||
| Q3 24 | -24.5% | 9.7% | ||
| Q2 24 | -12.4% | 6.8% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $-0.63 | $0.68 | ||
| Q3 25 | $-0.87 | $0.74 | ||
| Q2 25 | $-1.21 | $0.57 | ||
| Q1 25 | $-1.09 | $0.65 | ||
| Q4 24 | $-0.89 | $0.55 | ||
| Q3 24 | $-1.33 | $0.46 | ||
| Q2 24 | $-0.68 | $0.31 |
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 | $990.8M |
| Stockholders' EquityBook value | $-63.8M | $2.2B |
| Total Assets | $3.1B | $15.7B |
| Debt / EquityLower = less leverage | — | 0.46× |
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 | — | $990.8M | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $-63.8M | $2.2B | ||
| Q3 25 | $-39.2M | $2.2B | ||
| Q2 25 | $46.7M | $2.2B | ||
| Q1 25 | $142.8M | $2.2B | ||
| Q4 24 | $222.8M | $2.2B | ||
| Q3 24 | $323.6M | $2.2B | ||
| Q2 24 | $415.5M | $2.1B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | $3.1B | $15.8B | ||
| Q3 25 | $3.1B | $15.6B | ||
| Q2 25 | $3.3B | $15.4B | ||
| Q1 25 | $3.1B | $15.8B | ||
| Q4 24 | $3.2B | $16.3B | ||
| Q3 24 | $3.2B | $15.9B | ||
| Q2 24 | $3.3B | $15.6B |
| Q1 26 | — | 0.46× | ||
| 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 | | |
|---|---|---|
| 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 | $-38.7M | ||
| Q3 25 | $3.1M | $273.0M | ||
| Q2 25 | $-44.0M | $-234.6M | ||
| Q1 25 | $36.4M | $5.8M | ||
| Q4 24 | $14.5M | $273.9M | ||
| Q3 24 | $-20.2M | $515.6M | ||
| Q2 24 | $-22.2M | $-435.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-43.0M | $-55.5M | ||
| Q3 25 | $-33.1M | $271.0M | ||
| Q2 25 | $-100.2M | $-234.6M | ||
| Q1 25 | $-21.7M | $5.0M | ||
| Q4 24 | $-31.6M | $266.8M | ||
| Q3 24 | $-79.5M | $513.8M | ||
| Q2 24 | $-70.9M | $-437.3M |
| Q1 26 | — | — | ||
| Q4 25 | -17.9% | -16.8% | ||
| Q3 25 | -13.7% | 82.1% | ||
| Q2 25 | -40.7% | -77.4% | ||
| Q1 25 | -8.8% | 1.6% | ||
| Q4 24 | -12.5% | 88.6% | ||
| Q3 24 | -30.9% | 168.2% | ||
| Q2 24 | -27.2% | -147.2% |
| Q1 26 | — | — | ||
| Q4 25 | 15.4% | 5.1% | ||
| Q3 25 | 15.0% | 0.6% | ||
| Q2 25 | 22.8% | 0.0% | ||
| Q1 25 | 23.5% | 0.3% | ||
| Q4 24 | 18.3% | 2.4% | ||
| Q3 24 | 23.0% | 0.6% | ||
| Q2 24 | 18.7% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.93× | ||
| Q3 25 | — | 5.96× | ||
| Q2 25 | — | -6.50× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 7.71× | ||
| Q3 24 | — | 17.36× | ||
| Q2 24 | — | -21.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCOI
Segment breakdown not available.
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
