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

Mativ Holdings, Inc. is the larger business by last-quarter revenue ($463.1M vs $240.5M, roughly 1.9× COGENT COMMUNICATIONS HOLDINGS, INC.). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs -12.8%, a 34.6% gap on every dollar of revenue. On growth, Mativ Holdings, Inc. posted the faster year-over-year revenue change (1.0% vs -4.7%). Mativ Holdings, Inc. produced more free cash flow last quarter ($8.0M vs $-43.0M). Over the past eight quarters, Mativ Holdings, Inc.'s revenue compounded faster (-3.8% 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.

Mativ Holdings, Inc. is a global specialty materials manufacturer producing high-performance advanced polymers, nonwovens, filtration solutions, and functional coated materials. It serves healthcare, industrial, consumer goods, aerospace, and energy segments, with operations across North America, Europe, and Asia Pacific.

CCOI vs MATV — Head-to-Head

Bigger by revenue
MATV
MATV
1.9× larger
MATV
$463.1M
$240.5M
CCOI
Growing faster (revenue YoY)
MATV
MATV
+5.6% gap
MATV
1.0%
-4.7%
CCOI
Higher net margin
MATV
MATV
34.6% more per $
MATV
21.8%
-12.8%
CCOI
More free cash flow
MATV
MATV
$51.0M more FCF
MATV
$8.0M
$-43.0M
CCOI
Faster 2-yr revenue CAGR
MATV
MATV
Annualised
MATV
-3.8%
-4.9%
CCOI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCOI
CCOI
MATV
MATV
Revenue
$240.5M
$463.1M
Net Profit
$-30.8M
$100.8M
Gross Margin
46.6%
18.8%
Operating Margin
-4.7%
2.2%
Net Margin
-12.8%
21.8%
Revenue YoY
-4.7%
1.0%
Net Profit YoY
28.9%
6620.0%
EPS (diluted)
$-0.63
$1.87

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
MATV
MATV
Q4 25
$240.5M
$463.1M
Q3 25
$241.9M
$513.7M
Q2 25
$246.2M
$525.4M
Q1 25
$247.0M
$484.8M
Q4 24
$252.3M
$458.6M
Q3 24
$257.2M
$498.5M
Q2 24
$260.4M
$523.8M
Q1 24
$266.2M
$500.2M
Net Profit
CCOI
CCOI
MATV
MATV
Q4 25
$-30.8M
$100.8M
Q3 25
$-41.5M
$-3.2M
Q2 25
$-57.8M
$-9.5M
Q1 25
$-52.0M
$-425.5M
Q4 24
$-43.3M
$1.5M
Q3 24
$-63.1M
$-20.8M
Q2 24
$-32.3M
$-1.4M
Q1 24
$-65.3M
$-28.0M
Gross Margin
CCOI
CCOI
MATV
MATV
Q4 25
46.6%
18.8%
Q3 25
45.6%
19.3%
Q2 25
44.2%
19.7%
Q1 25
44.4%
15.0%
Q4 24
38.5%
16.9%
Q3 24
37.2%
18.8%
Q2 24
40.0%
20.8%
Q1 24
36.5%
16.8%
Operating Margin
CCOI
CCOI
MATV
MATV
Q4 25
-4.7%
2.2%
Q3 25
-7.5%
3.1%
Q2 25
-12.8%
3.8%
Q1 25
-16.3%
-88.8%
Q4 24
-13.2%
0.6%
Q3 24
-22.5%
1.4%
Q2 24
-18.1%
2.0%
Q1 24
-22.3%
-2.8%
Net Margin
CCOI
CCOI
MATV
MATV
Q4 25
-12.8%
21.8%
Q3 25
-17.2%
-0.6%
Q2 25
-23.5%
-1.8%
Q1 25
-21.1%
-87.8%
Q4 24
-17.2%
0.3%
Q3 24
-24.5%
-4.2%
Q2 24
-12.4%
-0.3%
Q1 24
-24.5%
-5.6%
EPS (diluted)
CCOI
CCOI
MATV
MATV
Q4 25
$-0.63
$1.87
Q3 25
$-0.87
$-0.06
Q2 25
$-1.21
$-0.18
Q1 25
$-1.09
$-7.82
Q4 24
$-0.89
$0.03
Q3 24
$-1.33
$-0.38
Q2 24
$-0.68
$-0.03
Q1 24
$-1.38
$-0.52

Balance Sheet & Financial Strength

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

Metric
CCOI
CCOI
MATV
MATV
Cash + ST InvestmentsLiquidity on hand
$148.5M
$84.2M
Total DebtLower is stronger
$1.7B
$1.0B
Stockholders' EquityBook value
$-63.8M
$498.7M
Total Assets
$3.1B
$2.1B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCOI
CCOI
MATV
MATV
Q4 25
$148.5M
$84.2M
Q3 25
$147.1M
$97.1M
Q2 25
$213.7M
$95.6M
Q1 25
$153.8M
$84.0M
Q4 24
$198.5M
$94.3M
Q3 24
$279.2M
$162.2M
Q2 24
$384.4M
$133.4M
Q1 24
$118.4M
$128.9M
Total Debt
CCOI
CCOI
MATV
MATV
Q4 25
$1.7B
$1.0B
Q3 25
$1.0B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.5B
$1.1B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
CCOI
CCOI
MATV
MATV
Q4 25
$-63.8M
$498.7M
Q3 25
$-39.2M
$397.4M
Q2 25
$46.7M
$416.6M
Q1 25
$142.8M
$428.2M
Q4 24
$222.8M
$858.5M
Q3 24
$323.6M
$882.3M
Q2 24
$415.5M
$898.0M
Q1 24
$500.6M
$906.9M
Total Assets
CCOI
CCOI
MATV
MATV
Q4 25
$3.1B
$2.1B
Q3 25
$3.1B
$2.0B
Q2 25
$3.3B
$2.1B
Q1 25
$3.1B
$2.1B
Q4 24
$3.2B
$2.4B
Q3 24
$3.2B
$2.6B
Q2 24
$3.3B
$2.6B
Q1 24
$3.1B
$2.7B
Debt / Equity
CCOI
CCOI
MATV
MATV
Q4 25
2.07×
Q3 25
2.63×
Q2 25
2.66×
Q1 25
2.67×
Q4 24
6.53×
1.30×
Q3 24
1.32×
Q2 24
1.29×
Q1 24
1.30×

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
MATV
MATV
Operating Cash FlowLast quarter
$-6.0M
$19.3M
Free Cash FlowOCF − Capex
$-43.0M
$8.0M
FCF MarginFCF / Revenue
-17.9%
1.7%
Capex IntensityCapex / Revenue
15.4%
2.4%
Cash ConversionOCF / Net Profit
0.19×
TTM Free Cash FlowTrailing 4 quarters
$-198.1M
$93.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCOI
CCOI
MATV
MATV
Q4 25
$-6.0M
$19.3M
Q3 25
$3.1M
$72.8M
Q2 25
$-44.0M
$57.6M
Q1 25
$36.4M
$-15.9M
Q4 24
$14.5M
$24.1M
Q3 24
$-20.2M
$37.6M
Q2 24
$-22.2M
$46.1M
Q1 24
$19.2M
$-13.0M
Free Cash Flow
CCOI
CCOI
MATV
MATV
Q4 25
$-43.0M
$8.0M
Q3 25
$-33.1M
$66.7M
Q2 25
$-100.2M
$48.9M
Q1 25
$-21.7M
$-29.8M
Q4 24
$-31.6M
$2.0M
Q3 24
$-79.5M
$25.5M
Q2 24
$-70.9M
$37.4M
Q1 24
$-21.7M
$-25.1M
FCF Margin
CCOI
CCOI
MATV
MATV
Q4 25
-17.9%
1.7%
Q3 25
-13.7%
13.0%
Q2 25
-40.7%
9.3%
Q1 25
-8.8%
-6.1%
Q4 24
-12.5%
0.4%
Q3 24
-30.9%
5.1%
Q2 24
-27.2%
7.1%
Q1 24
-8.1%
-5.0%
Capex Intensity
CCOI
CCOI
MATV
MATV
Q4 25
15.4%
2.4%
Q3 25
15.0%
1.2%
Q2 25
22.8%
1.7%
Q1 25
23.5%
2.9%
Q4 24
18.3%
4.8%
Q3 24
23.0%
2.4%
Q2 24
18.7%
1.7%
Q1 24
15.4%
2.4%
Cash Conversion
CCOI
CCOI
MATV
MATV
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
16.07×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CCOI
CCOI

Segment breakdown not available.

MATV
MATV

Other$208.7M45%
SAS Segment$157.4M34%
FAM Segment$97.0M21%

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