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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and OFG BANCORP (OFG). 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 $184.3M, roughly 1.3× OFG BANCORP). OFG BANCORP runs the higher net margin — 30.3% vs -12.8%, a 43.1% gap on every dollar of revenue. On growth, OFG BANCORP posted the faster year-over-year revenue change (0.9% vs -4.7%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $-43.0M). Over the past eight quarters, OFG BANCORP's revenue compounded faster (2.8% 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.

OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....

CCOI vs OFG — Head-to-Head

Bigger by revenue
CCOI
CCOI
1.3× larger
CCOI
$240.5M
$184.3M
OFG
Growing faster (revenue YoY)
OFG
OFG
+5.6% gap
OFG
0.9%
-4.7%
CCOI
Higher net margin
OFG
OFG
43.1% more per $
OFG
30.3%
-12.8%
CCOI
More free cash flow
OFG
OFG
$242.4M more FCF
OFG
$199.3M
$-43.0M
CCOI
Faster 2-yr revenue CAGR
OFG
OFG
Annualised
OFG
2.8%
-4.9%
CCOI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCOI
CCOI
OFG
OFG
Revenue
$240.5M
$184.3M
Net Profit
$-30.8M
$55.9M
Gross Margin
46.6%
Operating Margin
-4.7%
25.7%
Net Margin
-12.8%
30.3%
Revenue YoY
-4.7%
0.9%
Net Profit YoY
28.9%
11.0%
EPS (diluted)
$-0.63
$1.27

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
OFG
OFG
Q4 25
$240.5M
$184.3M
Q3 25
$241.9M
$186.2M
Q2 25
$246.2M
$182.4M
Q1 25
$247.0M
$178.6M
Q4 24
$252.3M
$182.7M
Q3 24
$257.2M
$174.7M
Q2 24
$260.4M
$179.8M
Q1 24
$266.2M
$174.4M
Net Profit
CCOI
CCOI
OFG
OFG
Q4 25
$-30.8M
$55.9M
Q3 25
$-41.5M
$51.8M
Q2 25
$-57.8M
$51.8M
Q1 25
$-52.0M
$45.6M
Q4 24
$-43.3M
$50.3M
Q3 24
$-63.1M
$47.0M
Q2 24
$-32.3M
$51.1M
Q1 24
$-65.3M
$49.7M
Gross Margin
CCOI
CCOI
OFG
OFG
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
OFG
OFG
Q4 25
-4.7%
25.7%
Q3 25
-7.5%
33.0%
Q2 25
-12.8%
36.1%
Q1 25
-16.3%
33.3%
Q4 24
-13.2%
28.9%
Q3 24
-22.5%
35.4%
Q2 24
-18.1%
39.6%
Q1 24
-22.3%
38.9%
Net Margin
CCOI
CCOI
OFG
OFG
Q4 25
-12.8%
30.3%
Q3 25
-17.2%
27.8%
Q2 25
-23.5%
28.4%
Q1 25
-21.1%
25.5%
Q4 24
-17.2%
27.6%
Q3 24
-24.5%
26.9%
Q2 24
-12.4%
28.4%
Q1 24
-24.5%
28.5%
EPS (diluted)
CCOI
CCOI
OFG
OFG
Q4 25
$-0.63
$1.27
Q3 25
$-0.87
$1.16
Q2 25
$-1.21
$1.15
Q1 25
$-1.09
$1.00
Q4 24
$-0.89
$1.10
Q3 24
$-1.33
$1.00
Q2 24
$-0.68
$1.08
Q1 24
$-1.38
$1.05

Balance Sheet & Financial Strength

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

Metric
CCOI
CCOI
OFG
OFG
Cash + ST InvestmentsLiquidity on hand
$148.5M
$1.0B
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$-63.8M
$1.4B
Total Assets
$3.1B
$12.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCOI
CCOI
OFG
OFG
Q4 25
$148.5M
$1.0B
Q3 25
$147.1M
$740.3M
Q2 25
$213.7M
$851.8M
Q1 25
$153.8M
$710.6M
Q4 24
$198.5M
$591.1M
Q3 24
$279.2M
$680.6M
Q2 24
$384.4M
$740.4M
Q1 24
$118.4M
$754.4M
Total Debt
CCOI
CCOI
OFG
OFG
Q4 25
$1.7B
Q3 25
Q2 25
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CCOI
CCOI
OFG
OFG
Q4 25
$-63.8M
$1.4B
Q3 25
$-39.2M
$1.4B
Q2 25
$46.7M
$1.3B
Q1 25
$142.8M
$1.3B
Q4 24
$222.8M
$1.3B
Q3 24
$323.6M
$1.3B
Q2 24
$415.5M
$1.2B
Q1 24
$500.6M
$1.2B
Total Assets
CCOI
CCOI
OFG
OFG
Q4 25
$3.1B
$12.5B
Q3 25
$3.1B
$12.2B
Q2 25
$3.3B
$12.2B
Q1 25
$3.1B
$11.7B
Q4 24
$3.2B
$11.5B
Q3 24
$3.2B
$11.5B
Q2 24
$3.3B
$11.3B
Q1 24
$3.1B
$11.2B
Debt / Equity
CCOI
CCOI
OFG
OFG
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
OFG
OFG
Operating Cash FlowLast quarter
$-6.0M
$217.7M
Free Cash FlowOCF − Capex
$-43.0M
$199.3M
FCF MarginFCF / Revenue
-17.9%
108.1%
Capex IntensityCapex / Revenue
15.4%
10.0%
Cash ConversionOCF / Net Profit
3.90×
TTM Free Cash FlowTrailing 4 quarters
$-198.1M
$345.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCOI
CCOI
OFG
OFG
Q4 25
$-6.0M
$217.7M
Q3 25
$3.1M
$39.5M
Q2 25
$-44.0M
$35.9M
Q1 25
$36.4M
$83.1M
Q4 24
$14.5M
$252.5M
Q3 24
$-20.2M
$58.1M
Q2 24
$-22.2M
$95.1M
Q1 24
$19.2M
$61.0M
Free Cash Flow
CCOI
CCOI
OFG
OFG
Q4 25
$-43.0M
$199.3M
Q3 25
$-33.1M
$35.5M
Q2 25
$-100.2M
$31.8M
Q1 25
$-21.7M
$78.7M
Q4 24
$-31.6M
$231.2M
Q3 24
$-79.5M
$51.8M
Q2 24
$-70.9M
$90.4M
Q1 24
$-21.7M
$54.8M
FCF Margin
CCOI
CCOI
OFG
OFG
Q4 25
-17.9%
108.1%
Q3 25
-13.7%
19.1%
Q2 25
-40.7%
17.4%
Q1 25
-8.8%
44.1%
Q4 24
-12.5%
126.5%
Q3 24
-30.9%
29.6%
Q2 24
-27.2%
50.3%
Q1 24
-8.1%
31.4%
Capex Intensity
CCOI
CCOI
OFG
OFG
Q4 25
15.4%
10.0%
Q3 25
15.0%
2.1%
Q2 25
22.8%
2.3%
Q1 25
23.5%
2.4%
Q4 24
18.3%
11.7%
Q3 24
23.0%
3.6%
Q2 24
18.7%
2.6%
Q1 24
15.4%
3.5%
Cash Conversion
CCOI
CCOI
OFG
OFG
Q4 25
3.90×
Q3 25
0.76×
Q2 25
0.69×
Q1 25
1.82×
Q4 24
5.02×
Q3 24
1.24×
Q2 24
1.86×
Q1 24
1.23×

Financial Flow Comparison

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

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