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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.

Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $240.5M, roughly 1.3× COGENT COMMUNICATIONS HOLDINGS, INC.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -12.8%, a 40.9% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -4.7%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $-43.0M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% 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.

Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.

CCOI vs LOPE — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.3× larger
LOPE
$308.1M
$240.5M
CCOI
Growing faster (revenue YoY)
LOPE
LOPE
+10.0% gap
LOPE
5.3%
-4.7%
CCOI
Higher net margin
LOPE
LOPE
40.9% more per $
LOPE
28.1%
-12.8%
CCOI
More free cash flow
LOPE
LOPE
$165.9M more FCF
LOPE
$122.9M
$-43.0M
CCOI
Faster 2-yr revenue CAGR
LOPE
LOPE
Annualised
LOPE
5.9%
-4.9%
CCOI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCOI
CCOI
LOPE
LOPE
Revenue
$240.5M
$308.1M
Net Profit
$-30.8M
$86.7M
Gross Margin
46.6%
Operating Margin
-4.7%
35.1%
Net Margin
-12.8%
28.1%
Revenue YoY
-4.7%
5.3%
Net Profit YoY
28.9%
5.9%
EPS (diluted)
$-0.63
$3.13

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.

Revenue
CCOI
CCOI
LOPE
LOPE
Q4 25
$240.5M
$308.1M
Q3 25
$241.9M
$261.1M
Q2 25
$246.2M
$247.5M
Q1 25
$247.0M
$289.3M
Q4 24
$252.3M
$292.6M
Q3 24
$257.2M
$238.3M
Q2 24
$260.4M
$227.5M
Q1 24
$266.2M
$274.7M
Net Profit
CCOI
CCOI
LOPE
LOPE
Q4 25
$-30.8M
$86.7M
Q3 25
$-41.5M
$16.3M
Q2 25
$-57.8M
$41.5M
Q1 25
$-52.0M
$71.6M
Q4 24
$-43.3M
$81.9M
Q3 24
$-63.1M
$41.5M
Q2 24
$-32.3M
$34.9M
Q1 24
$-65.3M
$68.0M
Gross Margin
CCOI
CCOI
LOPE
LOPE
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%
Operating Margin
CCOI
CCOI
LOPE
LOPE
Q4 25
-4.7%
35.1%
Q3 25
-7.5%
6.9%
Q2 25
-12.8%
20.9%
Q1 25
-16.3%
30.4%
Q4 24
-13.2%
34.2%
Q3 24
-22.5%
20.2%
Q2 24
-18.1%
18.8%
Q1 24
-22.3%
30.8%
Net Margin
CCOI
CCOI
LOPE
LOPE
Q4 25
-12.8%
28.1%
Q3 25
-17.2%
6.2%
Q2 25
-23.5%
16.8%
Q1 25
-21.1%
24.8%
Q4 24
-17.2%
28.0%
Q3 24
-24.5%
17.4%
Q2 24
-12.4%
15.3%
Q1 24
-24.5%
24.8%
EPS (diluted)
CCOI
CCOI
LOPE
LOPE
Q4 25
$-0.63
$3.13
Q3 25
$-0.87
$0.58
Q2 25
$-1.21
$1.48
Q1 25
$-1.09
$2.52
Q4 24
$-0.89
$2.83
Q3 24
$-1.33
$1.42
Q2 24
$-0.68
$1.19
Q1 24
$-1.38
$2.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CCOI
CCOI
LOPE
LOPE
Cash + ST InvestmentsLiquidity on hand
$148.5M
$111.8M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$-63.8M
$746.9M
Total Assets
$3.1B
$992.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCOI
CCOI
LOPE
LOPE
Q4 25
$148.5M
$111.8M
Q3 25
$147.1M
$97.3M
Q2 25
$213.7M
$192.3M
Q1 25
$153.8M
$144.5M
Q4 24
$198.5M
$324.6M
Q3 24
$279.2M
$263.6M
Q2 24
$384.4M
$241.3M
Q1 24
$118.4M
$196.2M
Total Debt
CCOI
CCOI
LOPE
LOPE
Q4 25
$1.7B
Q3 25
Q2 25
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CCOI
CCOI
LOPE
LOPE
Q4 25
$-63.8M
$746.9M
Q3 25
$-39.2M
$758.0M
Q2 25
$46.7M
$778.0M
Q1 25
$142.8M
$780.7M
Q4 24
$222.8M
$783.9M
Q3 24
$323.6M
$764.1M
Q2 24
$415.5M
$759.2M
Q1 24
$500.6M
$759.4M
Total Assets
CCOI
CCOI
LOPE
LOPE
Q4 25
$3.1B
$992.3M
Q3 25
$3.1B
$1.0B
Q2 25
$3.3B
$1.0B
Q1 25
$3.1B
$1.0B
Q4 24
$3.2B
$1.0B
Q3 24
$3.2B
$992.9M
Q2 24
$3.3B
$992.7M
Q1 24
$3.1B
$1.0B
Debt / Equity
CCOI
CCOI
LOPE
LOPE
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
CCOI
CCOI
LOPE
LOPE
Operating Cash FlowLast quarter
$-6.0M
$130.5M
Free Cash FlowOCF − Capex
$-43.0M
$122.9M
FCF MarginFCF / Revenue
-17.9%
39.9%
Capex IntensityCapex / Revenue
15.4%
2.5%
Cash ConversionOCF / Net Profit
1.50×
TTM Free Cash FlowTrailing 4 quarters
$-198.1M
$238.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCOI
CCOI
LOPE
LOPE
Q4 25
$-6.0M
$130.5M
Q3 25
$3.1M
$-48.6M
Q2 25
$-44.0M
$124.0M
Q1 25
$36.4M
$67.6M
Q4 24
$14.5M
$135.8M
Q3 24
$-20.2M
$-29.4M
Q2 24
$-22.2M
$98.6M
Q1 24
$19.2M
$85.0M
Free Cash Flow
CCOI
CCOI
LOPE
LOPE
Q4 25
$-43.0M
$122.9M
Q3 25
$-33.1M
$-58.3M
Q2 25
$-100.2M
$115.4M
Q1 25
$-21.7M
$58.7M
Q4 24
$-31.6M
$126.1M
Q3 24
$-79.5M
$-39.0M
Q2 24
$-70.9M
$89.6M
Q1 24
$-21.7M
$76.0M
FCF Margin
CCOI
CCOI
LOPE
LOPE
Q4 25
-17.9%
39.9%
Q3 25
-13.7%
-22.3%
Q2 25
-40.7%
46.6%
Q1 25
-8.8%
20.3%
Q4 24
-12.5%
43.1%
Q3 24
-30.9%
-16.3%
Q2 24
-27.2%
39.4%
Q1 24
-8.1%
27.7%
Capex Intensity
CCOI
CCOI
LOPE
LOPE
Q4 25
15.4%
2.5%
Q3 25
15.0%
3.7%
Q2 25
22.8%
3.5%
Q1 25
23.5%
3.1%
Q4 24
18.3%
3.3%
Q3 24
23.0%
4.0%
Q2 24
18.7%
3.9%
Q1 24
15.4%
3.3%
Cash Conversion
CCOI
CCOI
LOPE
LOPE
Q4 25
1.50×
Q3 25
-2.99×
Q2 25
2.98×
Q1 25
0.94×
Q4 24
1.66×
Q3 24
-0.71×
Q2 24
2.83×
Q1 24
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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