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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and INSTEEL INDUSTRIES INC (IIIN). 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 $159.9M, roughly 1.5× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -12.8%, a 17.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -4.7%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-43.0M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% 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.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
CCOI vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $159.9M |
| Net Profit | $-30.8M | $7.6M |
| Gross Margin | 46.6% | 11.3% |
| Operating Margin | -4.7% | 6.0% |
| Net Margin | -12.8% | 4.7% |
| Revenue YoY | -4.7% | 23.3% |
| Net Profit YoY | 28.9% | 602.4% |
| EPS (diluted) | $-0.63 | $0.39 |
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 | $159.9M | ||
| Q3 25 | $241.9M | $177.4M | ||
| Q2 25 | $246.2M | $179.9M | ||
| Q1 25 | $247.0M | $160.7M | ||
| Q4 24 | $252.3M | $129.7M | ||
| Q3 24 | $257.2M | $134.3M | ||
| Q2 24 | $260.4M | $145.8M | ||
| Q1 24 | $266.2M | $127.4M |
| Q4 25 | $-30.8M | $7.6M | ||
| Q3 25 | $-41.5M | $14.6M | ||
| Q2 25 | $-57.8M | $15.2M | ||
| Q1 25 | $-52.0M | $10.2M | ||
| Q4 24 | $-43.3M | $1.1M | ||
| Q3 24 | $-63.1M | $4.7M | ||
| Q2 24 | $-32.3M | $6.6M | ||
| Q1 24 | $-65.3M | $6.9M |
| Q4 25 | 46.6% | 11.3% | ||
| Q3 25 | 45.6% | 16.1% | ||
| Q2 25 | 44.2% | 17.1% | ||
| Q1 25 | 44.4% | 15.3% | ||
| Q4 24 | 38.5% | 7.3% | ||
| Q3 24 | 37.2% | 9.1% | ||
| Q2 24 | 40.0% | 10.6% | ||
| Q1 24 | 36.5% | 12.3% |
| Q4 25 | -4.7% | 6.0% | ||
| Q3 25 | -7.5% | 10.8% | ||
| Q2 25 | -12.8% | 11.0% | ||
| Q1 25 | -16.3% | 8.3% | ||
| Q4 24 | -13.2% | 1.1% | ||
| Q3 24 | -22.5% | 4.5% | ||
| Q2 24 | -18.1% | 6.0% | ||
| Q1 24 | -22.3% | 7.0% |
| Q4 25 | -12.8% | 4.7% | ||
| Q3 25 | -17.2% | 8.2% | ||
| Q2 25 | -23.5% | 8.4% | ||
| Q1 25 | -21.1% | 6.4% | ||
| Q4 24 | -17.2% | 0.8% | ||
| Q3 24 | -24.5% | 3.5% | ||
| Q2 24 | -12.4% | 4.5% | ||
| Q1 24 | -24.5% | 5.4% |
| Q4 25 | $-0.63 | $0.39 | ||
| Q3 25 | $-0.87 | $0.74 | ||
| Q2 25 | $-1.21 | $0.78 | ||
| Q1 25 | $-1.09 | $0.52 | ||
| Q4 24 | $-0.89 | $0.06 | ||
| Q3 24 | $-1.33 | $0.24 | ||
| Q2 24 | $-0.68 | $0.34 | ||
| Q1 24 | $-1.38 | $0.35 |
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 | $15.6M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $-63.8M | $358.8M |
| Total Assets | $3.1B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $15.6M | ||
| Q3 25 | $147.1M | $38.6M | ||
| Q2 25 | $213.7M | $53.7M | ||
| Q1 25 | $153.8M | $28.4M | ||
| Q4 24 | $198.5M | $36.0M | ||
| Q3 24 | $279.2M | $111.5M | ||
| Q2 24 | $384.4M | $97.7M | ||
| Q1 24 | $118.4M | $83.9M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-63.8M | $358.8M | ||
| Q3 25 | $-39.2M | $371.5M | ||
| Q2 25 | $46.7M | $356.2M | ||
| Q1 25 | $142.8M | $341.4M | ||
| Q4 24 | $222.8M | $331.6M | ||
| Q3 24 | $323.6M | $350.9M | ||
| Q2 24 | $415.5M | $346.0M | ||
| Q1 24 | $500.6M | $340.6M |
| Q4 25 | $3.1B | $456.1M | ||
| Q3 25 | $3.1B | $462.6M | ||
| Q2 25 | $3.3B | $471.9M | ||
| Q1 25 | $3.1B | $421.9M | ||
| Q4 24 | $3.2B | $404.7M | ||
| Q3 24 | $3.2B | $422.6M | ||
| Q2 24 | $3.3B | $414.6M | ||
| Q1 24 | $3.1B | $397.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.53× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.0M | $-701.0K |
| Free Cash FlowOCF − Capex | $-43.0M | $-2.2M |
| FCF MarginFCF / Revenue | -17.9% | -1.4% |
| Capex IntensityCapex / Revenue | 15.4% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $-701.0K | ||
| Q3 25 | $3.1M | $-17.0M | ||
| Q2 25 | $-44.0M | $28.5M | ||
| Q1 25 | $36.4M | $-3.3M | ||
| Q4 24 | $14.5M | $19.0M | ||
| Q3 24 | $-20.2M | $16.2M | ||
| Q2 24 | $-22.2M | $18.8M | ||
| Q1 24 | $19.2M | $1.4M |
| Q4 25 | $-43.0M | $-2.2M | ||
| Q3 25 | $-33.1M | $-18.7M | ||
| Q2 25 | $-100.2M | $26.9M | ||
| Q1 25 | $-21.7M | $-5.5M | ||
| Q4 24 | $-31.6M | $16.3M | ||
| Q3 24 | $-79.5M | $14.5M | ||
| Q2 24 | $-70.9M | $15.5M | ||
| Q1 24 | $-21.7M | $-580.0K |
| Q4 25 | -17.9% | -1.4% | ||
| Q3 25 | -13.7% | -10.6% | ||
| Q2 25 | -40.7% | 15.0% | ||
| Q1 25 | -8.8% | -3.5% | ||
| Q4 24 | -12.5% | 12.6% | ||
| Q3 24 | -30.9% | 10.8% | ||
| Q2 24 | -27.2% | 10.7% | ||
| Q1 24 | -8.1% | -0.5% |
| Q4 25 | 15.4% | 0.9% | ||
| Q3 25 | 15.0% | 1.0% | ||
| Q2 25 | 22.8% | 0.9% | ||
| Q1 25 | 23.5% | 1.4% | ||
| Q4 24 | 18.3% | 2.1% | ||
| Q3 24 | 23.0% | 1.3% | ||
| Q2 24 | 18.7% | 2.2% | ||
| Q1 24 | 15.4% | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | — | 2.86× | ||
| Q1 24 | — | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCOI
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
