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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and MASIMO CORP (MASI). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $240.5M, roughly 1.5× COGENT COMMUNICATIONS HOLDINGS, INC.). COGENT COMMUNICATIONS HOLDINGS, INC. runs the higher net margin — -12.8% vs -27.0%, a 14.2% gap on every dollar of revenue. On growth, COGENT COMMUNICATIONS HOLDINGS, INC. posted the faster year-over-year revenue change (-4.7% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-43.0M). Over the past eight quarters, COGENT COMMUNICATIONS HOLDINGS, INC.'s revenue compounded faster (-4.9% CAGR vs -17.7%).
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.
Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.
CCOI vs MASI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $371.5M |
| Net Profit | $-30.8M | $-100.4M |
| Gross Margin | 46.6% | 62.1% |
| Operating Margin | -4.7% | 22.5% |
| Net Margin | -12.8% | -27.0% |
| Revenue YoY | -4.7% | -26.4% |
| Net Profit YoY | 28.9% | -1124.5% |
| EPS (diluted) | $-0.63 | $-1.84 |
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 | — | ||
| Q3 25 | $241.9M | $371.5M | ||
| Q2 25 | $246.2M | $370.9M | ||
| Q1 25 | $247.0M | $372.0M | ||
| Q4 24 | $252.3M | $600.7M | ||
| Q3 24 | $257.2M | $504.6M | ||
| Q2 24 | $260.4M | $496.3M | ||
| Q1 24 | $266.2M | $492.8M |
| Q4 25 | $-30.8M | — | ||
| Q3 25 | $-41.5M | $-100.4M | ||
| Q2 25 | $-57.8M | $51.3M | ||
| Q1 25 | $-52.0M | $-170.7M | ||
| Q4 24 | $-43.3M | $-349.6M | ||
| Q3 24 | $-63.1M | $9.8M | ||
| Q2 24 | $-32.3M | $16.0M | ||
| Q1 24 | $-65.3M | $18.9M |
| Q4 25 | 46.6% | — | ||
| Q3 25 | 45.6% | 62.1% | ||
| Q2 25 | 44.2% | 62.9% | ||
| Q1 25 | 44.4% | 62.9% | ||
| Q4 24 | 38.5% | 40.7% | ||
| Q3 24 | 37.2% | 52.2% | ||
| Q2 24 | 40.0% | 51.3% | ||
| Q1 24 | 36.5% | 49.0% |
| Q4 25 | -4.7% | — | ||
| Q3 25 | -7.5% | 22.5% | ||
| Q2 25 | -12.8% | 17.4% | ||
| Q1 25 | -16.3% | 21.0% | ||
| Q4 24 | -13.2% | -59.8% | ||
| Q3 24 | -22.5% | 6.0% | ||
| Q2 24 | -18.1% | 5.7% | ||
| Q1 24 | -22.3% | 6.9% |
| Q4 25 | -12.8% | — | ||
| Q3 25 | -17.2% | -27.0% | ||
| Q2 25 | -23.5% | 13.8% | ||
| Q1 25 | -21.1% | -45.9% | ||
| Q4 24 | -17.2% | -58.2% | ||
| Q3 24 | -24.5% | 1.9% | ||
| Q2 24 | -12.4% | 3.2% | ||
| Q1 24 | -24.5% | 3.8% |
| Q4 25 | $-0.63 | — | ||
| Q3 25 | $-0.87 | $-1.84 | ||
| Q2 25 | $-1.21 | $0.94 | ||
| Q1 25 | $-1.09 | $-3.12 | ||
| Q4 24 | $-0.89 | $-6.54 | ||
| Q3 24 | $-1.33 | $0.18 | ||
| Q2 24 | $-0.68 | $0.29 | ||
| 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 | $312.3M |
| Total DebtLower is stronger | $1.7B | $559.1M |
| Stockholders' EquityBook value | $-63.8M | $810.0M |
| Total Assets | $3.1B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | — | ||
| Q3 25 | $147.1M | $312.3M | ||
| Q2 25 | $213.7M | $149.6M | ||
| Q1 25 | $153.8M | $130.8M | ||
| Q4 24 | $198.5M | $177.6M | ||
| Q3 24 | $279.2M | $158.5M | ||
| Q2 24 | $384.4M | $129.6M | ||
| Q1 24 | $118.4M | $157.6M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | — | $651.0M | ||
| Q4 24 | $1.5B | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | — | $781.6M | ||
| Q1 24 | — | $876.0M |
| Q4 25 | $-63.8M | — | ||
| Q3 25 | $-39.2M | $810.0M | ||
| Q2 25 | $46.7M | $1.0B | ||
| Q1 25 | $142.8M | $946.4M | ||
| Q4 24 | $222.8M | $1.1B | ||
| Q3 24 | $323.6M | $1.5B | ||
| Q2 24 | $415.5M | $1.4B | ||
| Q1 24 | $500.6M | $1.4B |
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.1B | $1.8B | ||
| Q2 25 | $3.3B | $2.4B | ||
| Q1 25 | $3.1B | $2.3B | ||
| Q4 24 | $3.2B | $2.6B | ||
| Q3 24 | $3.2B | $3.1B | ||
| Q2 24 | $3.3B | $2.9B | ||
| Q1 24 | $3.1B | $3.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 6.53× | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $56.8M |
| Free Cash FlowOCF − Capex | $-43.0M | $50.9M |
| FCF MarginFCF / Revenue | -17.9% | 13.7% |
| Capex IntensityCapex / Revenue | 15.4% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | — | ||
| Q3 25 | $3.1M | $56.8M | ||
| Q2 25 | $-44.0M | $69.4M | ||
| Q1 25 | $36.4M | $31.1M | ||
| Q4 24 | $14.5M | $50.5M | ||
| Q3 24 | $-20.2M | $25.6M | ||
| Q2 24 | $-22.2M | $74.5M | ||
| Q1 24 | $19.2M | $45.8M |
| Q4 25 | $-43.0M | — | ||
| Q3 25 | $-33.1M | $50.9M | ||
| Q2 25 | $-100.2M | $65.6M | ||
| Q1 25 | $-21.7M | $28.5M | ||
| Q4 24 | $-31.6M | $46.0M | ||
| Q3 24 | $-79.5M | $16.9M | ||
| Q2 24 | $-70.9M | $66.9M | ||
| Q1 24 | $-21.7M | $37.6M |
| Q4 25 | -17.9% | — | ||
| Q3 25 | -13.7% | 13.7% | ||
| Q2 25 | -40.7% | 17.7% | ||
| Q1 25 | -8.8% | 7.7% | ||
| Q4 24 | -12.5% | 7.7% | ||
| Q3 24 | -30.9% | 3.3% | ||
| Q2 24 | -27.2% | 13.5% | ||
| Q1 24 | -8.1% | 7.6% |
| Q4 25 | 15.4% | — | ||
| Q3 25 | 15.0% | 1.6% | ||
| Q2 25 | 22.8% | 1.0% | ||
| Q1 25 | 23.5% | 0.7% | ||
| Q4 24 | 18.3% | 0.7% | ||
| Q3 24 | 23.0% | 1.7% | ||
| Q2 24 | 18.7% | 1.5% | ||
| Q1 24 | 15.4% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | — | 4.66× | ||
| Q1 24 | — | 2.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
