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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and Limbach Holdings, Inc. (LMB). 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 $138.9M, roughly 1.7× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 3.2% vs -12.8%, a 16.0% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (4.3% vs -4.7%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (6.6% 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.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
CCOI vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $138.9M |
| Net Profit | $-30.8M | $4.4M |
| Gross Margin | 46.6% | 22.4% |
| Operating Margin | -4.7% | 0.8% |
| Net Margin | -12.8% | 3.2% |
| Revenue YoY | -4.7% | 4.3% |
| Net Profit YoY | 28.9% | — |
| EPS (diluted) | $-0.63 | $0.36 |
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 | — | $138.9M | ||
| Q4 25 | $240.5M | $186.9M | ||
| Q3 25 | $241.9M | $184.6M | ||
| Q2 25 | $246.2M | $142.2M | ||
| Q1 25 | $247.0M | $133.1M | ||
| Q4 24 | $252.3M | $143.7M | ||
| Q3 24 | $257.2M | $133.9M | ||
| Q2 24 | $260.4M | $122.2M |
| Q1 26 | — | $4.4M | ||
| Q4 25 | $-30.8M | $12.3M | ||
| Q3 25 | $-41.5M | $8.8M | ||
| Q2 25 | $-57.8M | $7.8M | ||
| Q1 25 | $-52.0M | $10.2M | ||
| Q4 24 | $-43.3M | $9.8M | ||
| Q3 24 | $-63.1M | $7.5M | ||
| Q2 24 | $-32.3M | $6.0M |
| Q1 26 | — | 22.4% | ||
| Q4 25 | 46.6% | 25.7% | ||
| Q3 25 | 45.6% | 24.2% | ||
| Q2 25 | 44.2% | 28.0% | ||
| Q1 25 | 44.4% | 27.6% | ||
| Q4 24 | 38.5% | 30.3% | ||
| Q3 24 | 37.2% | 27.0% | ||
| Q2 24 | 40.0% | 27.4% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | -4.7% | 9.4% | ||
| Q3 25 | -7.5% | 7.2% | ||
| Q2 25 | -12.8% | 7.5% | ||
| Q1 25 | -16.3% | 5.9% | ||
| Q4 24 | -13.2% | 9.1% | ||
| Q3 24 | -22.5% | 8.1% | ||
| Q2 24 | -18.1% | 6.7% |
| Q1 26 | — | 3.2% | ||
| Q4 25 | -12.8% | 6.6% | ||
| Q3 25 | -17.2% | 4.8% | ||
| Q2 25 | -23.5% | 5.5% | ||
| Q1 25 | -21.1% | 7.7% | ||
| Q4 24 | -17.2% | 6.9% | ||
| Q3 24 | -24.5% | 5.6% | ||
| Q2 24 | -12.4% | 4.9% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $-0.63 | $1.01 | ||
| Q3 25 | $-0.87 | $0.73 | ||
| Q2 25 | $-1.21 | $0.64 | ||
| Q1 25 | $-1.09 | $0.85 | ||
| Q4 24 | $-0.89 | $0.81 | ||
| Q3 24 | $-1.33 | $0.62 | ||
| Q2 24 | $-0.68 | $0.50 |
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 | $15.8M |
| Total DebtLower is stronger | $1.7B | $56.6M |
| Stockholders' EquityBook value | $-63.8M | $196.3M |
| Total Assets | $3.1B | $377.0M |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $15.8M | ||
| Q4 25 | $148.5M | $11.3M | ||
| Q3 25 | $147.1M | $9.8M | ||
| Q2 25 | $213.7M | $38.9M | ||
| Q1 25 | $153.8M | $38.1M | ||
| Q4 24 | $198.5M | $44.9M | ||
| Q3 24 | $279.2M | $51.2M | ||
| Q2 24 | $384.4M | $59.5M |
| Q1 26 | — | $56.6M | ||
| Q4 25 | $1.7B | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | $1.5B | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M |
| Q1 26 | — | $196.3M | ||
| Q4 25 | $-63.8M | $195.7M | ||
| Q3 25 | $-39.2M | $181.6M | ||
| Q2 25 | $46.7M | $170.5M | ||
| Q1 25 | $142.8M | $161.1M | ||
| Q4 24 | $222.8M | $153.5M | ||
| Q3 24 | $323.6M | $142.2M | ||
| Q2 24 | $415.5M | $133.0M |
| Q1 26 | — | $377.0M | ||
| Q4 25 | $3.1B | $381.1M | ||
| Q3 25 | $3.1B | $409.1M | ||
| Q2 25 | $3.3B | $343.0M | ||
| Q1 25 | $3.1B | $336.4M | ||
| Q4 24 | $3.2B | $352.1M | ||
| Q3 24 | $3.2B | $324.4M | ||
| Q2 24 | $3.3B | $303.9M |
| Q1 26 | — | 0.29× | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 6.53× | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× |
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 | $28.1M | ||
| Q3 25 | $3.1M | $13.3M | ||
| Q2 25 | $-44.0M | $2.0M | ||
| Q1 25 | $36.4M | $2.2M | ||
| Q4 24 | $14.5M | $19.3M | ||
| Q3 24 | $-20.2M | $4.9M | ||
| Q2 24 | $-22.2M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-43.0M | $27.9M | ||
| Q3 25 | $-33.1M | $12.8M | ||
| Q2 25 | $-100.2M | $1.2M | ||
| Q1 25 | $-21.7M | $11.0K | ||
| Q4 24 | $-31.6M | $18.0M | ||
| Q3 24 | $-79.5M | $4.6M | ||
| Q2 24 | $-70.9M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | -17.9% | 14.9% | ||
| Q3 25 | -13.7% | 7.0% | ||
| Q2 25 | -40.7% | 0.8% | ||
| Q1 25 | -8.8% | 0.0% | ||
| Q4 24 | -12.5% | 12.5% | ||
| Q3 24 | -30.9% | 3.4% | ||
| Q2 24 | -27.2% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 15.4% | 0.1% | ||
| Q3 25 | 15.0% | 0.3% | ||
| Q2 25 | 22.8% | 0.6% | ||
| Q1 25 | 23.5% | 1.7% | ||
| Q4 24 | 18.3% | 0.9% | ||
| Q3 24 | 23.0% | 0.3% | ||
| Q2 24 | 18.7% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 2.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCOI
Segment breakdown not available.
LMB
| ODR | $99.8M | 72% |
| GCR | $39.0M | 28% |
