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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $240.5M, roughly 1.0× COGENT COMMUNICATIONS HOLDINGS, INC.). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -12.8%, a 17.8% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -4.7%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M vs $-43.0M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
CCOI vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $242.1M |
| Net Profit | $-30.8M | $12.1M |
| Gross Margin | 46.6% | — |
| Operating Margin | -4.7% | 6.8% |
| Net Margin | -12.8% | 5.0% |
| Revenue YoY | -4.7% | 11.5% |
| Net Profit YoY | 28.9% | -16.2% |
| EPS (diluted) | $-0.63 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $241.9M | $258.5M | ||
| Q2 25 | $246.2M | $240.7M | ||
| Q1 25 | $247.0M | $219.6M | ||
| Q4 24 | $252.3M | $217.2M | ||
| Q3 24 | $257.2M | $241.7M | ||
| Q2 24 | $260.4M | $224.9M | ||
| Q1 24 | $266.2M | $211.2M |
| Q4 25 | $-30.8M | $12.1M | ||
| Q3 25 | $-41.5M | $24.3M | ||
| Q2 25 | $-57.8M | $19.9M | ||
| Q1 25 | $-52.0M | $15.3M | ||
| Q4 24 | $-43.3M | $14.4M | ||
| Q3 24 | $-63.1M | $21.6M | ||
| Q2 24 | $-32.3M | $15.8M | ||
| Q1 24 | $-65.3M | $21.2M |
| 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% | — |
| Q4 25 | -4.7% | 6.8% | ||
| Q3 25 | -7.5% | 10.2% | ||
| Q2 25 | -12.8% | 9.2% | ||
| Q1 25 | -16.3% | 7.7% | ||
| Q4 24 | -13.2% | 7.9% | ||
| Q3 24 | -22.5% | 10.3% | ||
| Q2 24 | -18.1% | 8.4% | ||
| Q1 24 | -22.3% | 8.0% |
| Q4 25 | -12.8% | 5.0% | ||
| Q3 25 | -17.2% | 9.4% | ||
| Q2 25 | -23.5% | 8.3% | ||
| Q1 25 | -21.1% | 7.0% | ||
| Q4 24 | -17.2% | 6.6% | ||
| Q3 24 | -24.5% | 8.9% | ||
| Q2 24 | -12.4% | 7.0% | ||
| Q1 24 | -24.5% | 10.0% |
| Q4 25 | $-0.63 | $0.12 | ||
| Q3 25 | $-0.87 | $0.23 | ||
| Q2 25 | $-1.21 | $0.19 | ||
| Q1 25 | $-1.09 | $0.15 | ||
| Q4 24 | $-0.89 | $0.13 | ||
| Q3 24 | $-1.33 | $0.20 | ||
| Q2 24 | $-0.68 | $0.15 | ||
| Q1 24 | $-1.38 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | $1.7B | $84.0M |
| Stockholders' EquityBook value | $-63.8M | $542.6M |
| Total Assets | $3.1B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $16.3M | ||
| Q3 25 | $147.1M | $29.6M | ||
| Q2 25 | $213.7M | $35.0M | ||
| Q1 25 | $153.8M | $22.6M | ||
| Q4 24 | $198.5M | $57.4M | ||
| Q3 24 | $279.2M | $48.8M | ||
| Q2 24 | $384.4M | $62.5M | ||
| Q1 24 | $118.4M | $65.4M |
| Q4 25 | $1.7B | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | $1.5B | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $-63.8M | $542.6M | ||
| Q3 25 | $-39.2M | $552.8M | ||
| Q2 25 | $46.7M | $548.3M | ||
| Q1 25 | $142.8M | $530.6M | ||
| Q4 24 | $222.8M | $554.5M | ||
| Q3 24 | $323.6M | $540.1M | ||
| Q2 24 | $415.5M | $532.7M | ||
| Q1 24 | $500.6M | $515.5M |
| Q4 25 | $3.1B | $707.1M | ||
| Q3 25 | $3.1B | $732.6M | ||
| Q2 25 | $3.3B | $731.8M | ||
| Q1 25 | $3.1B | $708.7M | ||
| Q4 24 | $3.2B | $746.4M | ||
| Q3 24 | $3.2B | $734.0M | ||
| Q2 24 | $3.3B | $756.8M | ||
| Q1 24 | $3.1B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | 6.53× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $-43.0M | $14.9M |
| FCF MarginFCF / Revenue | -17.9% | 6.2% |
| Capex IntensityCapex / Revenue | 15.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $20.0M | ||
| Q3 25 | $3.1M | $33.2M | ||
| Q2 25 | $-44.0M | $20.3M | ||
| Q1 25 | $36.4M | $10.1M | ||
| Q4 24 | $14.5M | $16.6M | ||
| Q3 24 | $-20.2M | $28.6M | ||
| Q2 24 | $-22.2M | $18.7M | ||
| Q1 24 | $19.2M | $15.0M |
| Q4 25 | $-43.0M | $14.9M | ||
| Q3 25 | $-33.1M | $27.6M | ||
| Q2 25 | $-100.2M | $17.6M | ||
| Q1 25 | $-21.7M | $8.4M | ||
| Q4 24 | $-31.6M | $13.2M | ||
| Q3 24 | $-79.5M | $27.5M | ||
| Q2 24 | $-70.9M | $17.6M | ||
| Q1 24 | $-21.7M | $13.7M |
| Q4 25 | -17.9% | 6.2% | ||
| Q3 25 | -13.7% | 10.7% | ||
| Q2 25 | -40.7% | 7.3% | ||
| Q1 25 | -8.8% | 3.8% | ||
| Q4 24 | -12.5% | 6.1% | ||
| Q3 24 | -30.9% | 11.4% | ||
| Q2 24 | -27.2% | 7.8% | ||
| Q1 24 | -8.1% | 6.5% |
| Q4 25 | 15.4% | 2.1% | ||
| Q3 25 | 15.0% | 2.2% | ||
| Q2 25 | 22.8% | 1.1% | ||
| Q1 25 | 23.5% | 0.8% | ||
| Q4 24 | 18.3% | 1.5% | ||
| Q3 24 | 23.0% | 0.5% | ||
| Q2 24 | 18.7% | 0.5% | ||
| Q1 24 | 15.4% | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCOI
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
