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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $240.5M, roughly 1.5× COGENT COMMUNICATIONS HOLDINGS, INC.). PROCORE TECHNOLOGIES, INC. runs the higher net margin — -10.8% vs -12.8%, a 2.0% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs -4.7%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $-43.0M). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
CCOI vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $349.1M |
| Net Profit | $-30.8M | $-37.6M |
| Gross Margin | 46.6% | 80.1% |
| Operating Margin | -4.7% | -12.3% |
| Net Margin | -12.8% | -10.8% |
| Revenue YoY | -4.7% | 15.6% |
| Net Profit YoY | 28.9% | 39.6% |
| EPS (diluted) | $-0.63 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $241.9M | $338.9M | ||
| Q2 25 | $246.2M | $323.9M | ||
| Q1 25 | $247.0M | $310.6M | ||
| Q4 24 | $252.3M | $302.0M | ||
| Q3 24 | $257.2M | $295.9M | ||
| Q2 24 | $260.4M | $284.3M | ||
| Q1 24 | $266.2M | $269.4M |
| Q4 25 | $-30.8M | $-37.6M | ||
| Q3 25 | $-41.5M | $-9.1M | ||
| Q2 25 | $-57.8M | $-21.1M | ||
| Q1 25 | $-52.0M | $-33.0M | ||
| Q4 24 | $-43.3M | $-62.3M | ||
| Q3 24 | $-63.1M | $-26.4M | ||
| Q2 24 | $-32.3M | $-6.3M | ||
| Q1 24 | $-65.3M | $-11.0M |
| Q4 25 | 46.6% | 80.1% | ||
| Q3 25 | 45.6% | 79.7% | ||
| Q2 25 | 44.2% | 79.1% | ||
| Q1 25 | 44.4% | 79.1% | ||
| Q4 24 | 38.5% | 81.2% | ||
| Q3 24 | 37.2% | 81.4% | ||
| Q2 24 | 40.0% | 83.1% | ||
| Q1 24 | 36.5% | 83.0% |
| Q4 25 | -4.7% | -12.3% | ||
| Q3 25 | -7.5% | -4.4% | ||
| Q2 25 | -12.8% | -9.3% | ||
| Q1 25 | -16.3% | -11.7% | ||
| Q4 24 | -13.2% | -21.9% | ||
| Q3 24 | -22.5% | -12.3% | ||
| Q2 24 | -18.1% | -5.2% | ||
| Q1 24 | -22.3% | -7.0% |
| Q4 25 | -12.8% | -10.8% | ||
| Q3 25 | -17.2% | -2.7% | ||
| Q2 25 | -23.5% | -6.5% | ||
| Q1 25 | -21.1% | -10.6% | ||
| Q4 24 | -17.2% | -20.6% | ||
| Q3 24 | -24.5% | -8.9% | ||
| Q2 24 | -12.4% | -2.2% | ||
| Q1 24 | -24.5% | -4.1% |
| Q4 25 | $-0.63 | $-0.25 | ||
| Q3 25 | $-0.87 | $-0.06 | ||
| Q2 25 | $-1.21 | $-0.14 | ||
| Q1 25 | $-1.09 | $-0.22 | ||
| Q4 24 | $-0.89 | $-0.42 | ||
| Q3 24 | $-1.33 | $-0.18 | ||
| Q2 24 | $-0.68 | $-0.04 | ||
| Q1 24 | $-1.38 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $-63.8M | $1.3B |
| Total Assets | $3.1B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $768.5M | ||
| Q3 25 | $147.1M | $684.0M | ||
| Q2 25 | $213.7M | $620.9M | ||
| Q1 25 | $153.8M | $566.7M | ||
| Q4 24 | $198.5M | $775.4M | ||
| Q3 24 | $279.2M | $756.9M | ||
| Q2 24 | $384.4M | $735.4M | ||
| Q1 24 | $118.4M | $744.6M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-63.8M | $1.3B | ||
| Q3 25 | $-39.2M | $1.2B | ||
| Q2 25 | $46.7M | $1.2B | ||
| Q1 25 | $142.8M | $1.2B | ||
| Q4 24 | $222.8M | $1.3B | ||
| Q3 24 | $323.6M | $1.3B | ||
| Q2 24 | $415.5M | $1.3B | ||
| Q1 24 | $500.6M | $1.2B |
| Q4 25 | $3.1B | $2.2B | ||
| Q3 25 | $3.1B | $2.1B | ||
| Q2 25 | $3.3B | $2.0B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $3.2B | $2.1B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.3B | $2.0B | ||
| Q1 24 | $3.1B | $1.9B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.0M | $114.9M |
| Free Cash FlowOCF − Capex | $-43.0M | $109.2M |
| FCF MarginFCF / Revenue | -17.9% | 31.3% |
| Capex IntensityCapex / Revenue | 15.4% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $114.9M | ||
| Q3 25 | $3.1M | $88.5M | ||
| Q2 25 | $-44.0M | $30.8M | ||
| Q1 25 | $36.4M | $66.0M | ||
| Q4 24 | $14.5M | $29.1M | ||
| Q3 24 | $-20.2M | $39.3M | ||
| Q2 24 | $-22.2M | $58.7M | ||
| Q1 24 | $19.2M | $69.1M |
| Q4 25 | $-43.0M | $109.2M | ||
| Q3 25 | $-33.1M | $83.1M | ||
| Q2 25 | $-100.2M | $27.9M | ||
| Q1 25 | $-21.7M | $62.0M | ||
| Q4 24 | $-31.6M | $17.4M | ||
| Q3 24 | $-79.5M | $35.7M | ||
| Q2 24 | $-70.9M | $56.8M | ||
| Q1 24 | $-21.7M | $67.1M |
| Q4 25 | -17.9% | 31.3% | ||
| Q3 25 | -13.7% | 24.5% | ||
| Q2 25 | -40.7% | 8.6% | ||
| Q1 25 | -8.8% | 20.0% | ||
| Q4 24 | -12.5% | 5.8% | ||
| Q3 24 | -30.9% | 12.1% | ||
| Q2 24 | -27.2% | 20.0% | ||
| Q1 24 | -8.1% | 24.9% |
| Q4 25 | 15.4% | 1.6% | ||
| Q3 25 | 15.0% | 1.6% | ||
| Q2 25 | 22.8% | 0.9% | ||
| Q1 25 | 23.5% | 1.3% | ||
| Q4 24 | 18.3% | 3.9% | ||
| Q3 24 | 23.0% | 1.2% | ||
| Q2 24 | 18.7% | 0.7% | ||
| Q1 24 | 15.4% | 0.8% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCOI
Segment breakdown not available.
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
