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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
LifeStance Health Group, Inc. is the larger business by last-quarter revenue ($382.2M vs $240.5M, roughly 1.6× COGENT COMMUNICATIONS HOLDINGS, INC.). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs -12.8%, a 15.9% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -4.7%). LifeStance Health Group, Inc. produced more free cash flow last quarter ($46.6M vs $-43.0M). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% 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.
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
CCOI vs LFST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $382.2M |
| Net Profit | $-30.8M | $11.7M |
| Gross Margin | 46.6% | — |
| Operating Margin | -4.7% | 4.7% |
| Net Margin | -12.8% | 3.1% |
| Revenue YoY | -4.7% | 17.4% |
| Net Profit YoY | 28.9% | 264.1% |
| EPS (diluted) | $-0.63 | — |
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 | $382.2M | ||
| Q3 25 | $241.9M | $363.8M | ||
| Q2 25 | $246.2M | $345.3M | ||
| Q1 25 | $247.0M | $333.0M | ||
| Q4 24 | $252.3M | $325.5M | ||
| Q3 24 | $257.2M | $312.7M | ||
| Q2 24 | $260.4M | $312.3M | ||
| Q1 24 | $266.2M | $300.4M |
| Q4 25 | $-30.8M | $11.7M | ||
| Q3 25 | $-41.5M | $1.1M | ||
| Q2 25 | $-57.8M | $-3.8M | ||
| Q1 25 | $-52.0M | $709.0K | ||
| Q4 24 | $-43.3M | $-7.1M | ||
| Q3 24 | $-63.1M | $-6.0M | ||
| Q2 24 | $-32.3M | $-23.3M | ||
| Q1 24 | $-65.3M | $-21.1M |
| 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% | 4.7% | ||
| Q3 25 | -7.5% | 2.0% | ||
| Q2 25 | -12.8% | -0.9% | ||
| Q1 25 | -16.3% | 0.5% | ||
| Q4 24 | -13.2% | 0.3% | ||
| Q3 24 | -22.5% | 0.0% | ||
| Q2 24 | -18.1% | -5.1% | ||
| Q1 24 | -22.3% | -5.6% |
| Q4 25 | -12.8% | 3.1% | ||
| Q3 25 | -17.2% | 0.3% | ||
| Q2 25 | -23.5% | -1.1% | ||
| Q1 25 | -21.1% | 0.2% | ||
| Q4 24 | -17.2% | -2.2% | ||
| Q3 24 | -24.5% | -1.9% | ||
| Q2 24 | -12.4% | -7.5% | ||
| Q1 24 | -24.5% | -7.0% |
| Q4 25 | $-0.63 | — | ||
| Q3 25 | $-0.87 | — | ||
| Q2 25 | $-1.21 | — | ||
| Q1 25 | $-1.09 | — | ||
| Q4 24 | $-0.89 | — | ||
| Q3 24 | $-1.33 | — | ||
| Q2 24 | $-0.68 | — | ||
| Q1 24 | $-1.38 | — |
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 | $248.6M |
| Total DebtLower is stronger | $1.7B | $282.8M |
| Stockholders' EquityBook value | $-63.8M | $1.5B |
| Total Assets | $3.1B | $2.2B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $248.6M | ||
| Q3 25 | $147.1M | $203.9M | ||
| Q2 25 | $213.7M | $188.9M | ||
| Q1 25 | $153.8M | $134.3M | ||
| Q4 24 | $198.5M | $154.6M | ||
| Q3 24 | $279.2M | $102.6M | ||
| Q2 24 | $384.4M | $87.0M | ||
| Q1 24 | $118.4M | $49.5M |
| Q4 25 | $1.7B | $282.8M | ||
| Q3 25 | — | $284.6M | ||
| Q2 25 | — | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | $1.5B | $290.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $288.0M | ||
| Q1 24 | — | $288.8M |
| Q4 25 | $-63.8M | $1.5B | ||
| Q3 25 | $-39.2M | $1.5B | ||
| Q2 25 | $46.7M | $1.5B | ||
| Q1 25 | $142.8M | $1.5B | ||
| Q4 24 | $222.8M | $1.4B | ||
| Q3 24 | $323.6M | $1.4B | ||
| Q2 24 | $415.5M | $1.4B | ||
| Q1 24 | $500.6M | $1.4B |
| Q4 25 | $3.1B | $2.2B | ||
| Q3 25 | $3.1B | $2.1B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.2B | $2.1B | ||
| Q3 24 | $3.2B | $2.1B | ||
| Q2 24 | $3.3B | $2.1B | ||
| Q1 24 | $3.1B | $2.1B |
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 6.53× | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× |
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 | $57.6M |
| Free Cash FlowOCF − Capex | $-43.0M | $46.6M |
| FCF MarginFCF / Revenue | -17.9% | 12.2% |
| Capex IntensityCapex / Revenue | 15.4% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $57.6M | ||
| Q3 25 | $3.1M | $27.3M | ||
| Q2 25 | $-44.0M | $64.4M | ||
| Q1 25 | $36.4M | $-3.1M | ||
| Q4 24 | $14.5M | $62.3M | ||
| Q3 24 | $-20.2M | $22.7M | ||
| Q2 24 | $-22.2M | $44.1M | ||
| Q1 24 | $19.2M | $-21.8M |
| Q4 25 | $-43.0M | $46.6M | ||
| Q3 25 | $-33.1M | $17.0M | ||
| Q2 25 | $-100.2M | $56.6M | ||
| Q1 25 | $-21.7M | $-10.3M | ||
| Q4 24 | $-31.6M | $56.0M | ||
| Q3 24 | $-79.5M | $17.7M | ||
| Q2 24 | $-70.9M | $39.0M | ||
| Q1 24 | $-21.7M | $-26.9M |
| Q4 25 | -17.9% | 12.2% | ||
| Q3 25 | -13.7% | 4.7% | ||
| Q2 25 | -40.7% | 16.4% | ||
| Q1 25 | -8.8% | -3.1% | ||
| Q4 24 | -12.5% | 17.2% | ||
| Q3 24 | -30.9% | 5.7% | ||
| Q2 24 | -27.2% | 12.5% | ||
| Q1 24 | -8.1% | -9.0% |
| Q4 25 | 15.4% | 2.9% | ||
| Q3 25 | 15.0% | 2.8% | ||
| Q2 25 | 22.8% | 2.2% | ||
| Q1 25 | 23.5% | 2.2% | ||
| Q4 24 | 18.3% | 1.9% | ||
| Q3 24 | 23.0% | 1.6% | ||
| Q2 24 | 18.7% | 1.6% | ||
| Q1 24 | 15.4% | 1.7% |
| Q4 25 | — | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
