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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and JBG SMITH Properties (JBGS). 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 $127.6M, roughly 1.9× JBG SMITH Properties). COGENT COMMUNICATIONS HOLDINGS, INC. runs the higher net margin — -12.8% vs -35.7%, a 22.9% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -4.7%). Over the past eight quarters, COGENT COMMUNICATIONS HOLDINGS, INC.'s revenue compounded faster (-4.9% CAGR vs -6.3%).
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.
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
CCOI vs JBGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $127.6M |
| Net Profit | $-30.8M | $-45.5M |
| Gross Margin | 46.6% | — |
| Operating Margin | -4.7% | -47.5% |
| Net Margin | -12.8% | -35.7% |
| Revenue YoY | -4.7% | -2.5% |
| Net Profit YoY | 28.9% | 24.0% |
| EPS (diluted) | $-0.63 | $-0.76 |
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 | $127.6M | ||
| Q3 25 | $241.9M | $123.9M | ||
| Q2 25 | $246.2M | $126.5M | ||
| Q1 25 | $247.0M | $120.7M | ||
| Q4 24 | $252.3M | $130.8M | ||
| Q3 24 | $257.2M | $136.0M | ||
| Q2 24 | $260.4M | $135.3M | ||
| Q1 24 | $266.2M | $145.2M |
| Q4 25 | $-30.8M | $-45.5M | ||
| Q3 25 | $-41.5M | $-28.6M | ||
| Q2 25 | $-57.8M | $-19.2M | ||
| Q1 25 | $-52.0M | $-45.7M | ||
| Q4 24 | $-43.3M | $-59.9M | ||
| Q3 24 | $-63.1M | $-27.0M | ||
| Q2 24 | $-32.3M | $-24.4M | ||
| Q1 24 | $-65.3M | $-32.3M |
| 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% | -47.5% | ||
| Q3 25 | -7.5% | -27.5% | ||
| Q2 25 | -12.8% | -18.4% | ||
| Q1 25 | -16.3% | -44.7% | ||
| Q4 24 | -13.2% | -53.6% | ||
| Q3 24 | -22.5% | -22.4% | ||
| Q2 24 | -18.1% | -24.3% | ||
| Q1 24 | -22.3% | -30.1% |
| Q4 25 | -12.8% | -35.7% | ||
| Q3 25 | -17.2% | -23.1% | ||
| Q2 25 | -23.5% | -15.2% | ||
| Q1 25 | -21.1% | -37.9% | ||
| Q4 24 | -17.2% | -45.8% | ||
| Q3 24 | -24.5% | -19.8% | ||
| Q2 24 | -12.4% | -18.0% | ||
| Q1 24 | -24.5% | -22.2% |
| Q4 25 | $-0.63 | $-0.76 | ||
| Q3 25 | $-0.87 | $-0.48 | ||
| Q2 25 | $-1.21 | $-0.29 | ||
| Q1 25 | $-1.09 | $-0.56 | ||
| Q4 24 | $-0.89 | $-0.70 | ||
| Q3 24 | $-1.33 | $-0.32 | ||
| Q2 24 | $-0.68 | $-0.27 | ||
| Q1 24 | $-1.38 | $-0.36 |
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 | $75.3M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $-63.8M | $1.2B |
| Total Assets | $3.1B | $4.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $75.3M | ||
| Q3 25 | $147.1M | $64.4M | ||
| Q2 25 | $213.7M | $61.4M | ||
| Q1 25 | $153.8M | $81.3M | ||
| Q4 24 | $198.5M | $145.8M | ||
| Q3 24 | $279.2M | $137.0M | ||
| Q2 24 | $384.4M | $163.5M | ||
| Q1 24 | $118.4M | $220.5M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-63.8M | $1.2B | ||
| Q3 25 | $-39.2M | $1.2B | ||
| Q2 25 | $46.7M | $1.3B | ||
| Q1 25 | $142.8M | $1.6B | ||
| Q4 24 | $222.8M | $1.8B | ||
| Q3 24 | $323.6M | $1.9B | ||
| Q2 24 | $415.5M | $2.0B | ||
| Q1 24 | $500.6M | $2.1B |
| Q4 25 | $3.1B | $4.4B | ||
| Q3 25 | $3.1B | $4.4B | ||
| Q2 25 | $3.3B | $4.5B | ||
| Q1 25 | $3.1B | $4.7B | ||
| Q4 24 | $3.2B | $5.0B | ||
| Q3 24 | $3.2B | $5.2B | ||
| Q2 24 | $3.3B | $5.3B | ||
| Q1 24 | $3.1B | $5.4B |
| 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 | $73.3M |
| 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 | $73.3M | ||
| Q3 25 | $3.1M | $8.9M | ||
| Q2 25 | $-44.0M | $18.8M | ||
| Q1 25 | $36.4M | $12.9M | ||
| Q4 24 | $14.5M | $129.4M | ||
| Q3 24 | $-20.2M | $26.4M | ||
| Q2 24 | $-22.2M | $23.8M | ||
| Q1 24 | $19.2M | $37.0M |
| 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% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
