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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and DOUGLAS DYNAMICS, INC (PLOW). 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 $184.5M, roughly 1.3× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs -12.8%, a 19.8% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -4.7%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-43.0M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% 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.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
CCOI vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $184.5M |
| Net Profit | $-30.8M | $12.8M |
| Gross Margin | 46.6% | 26.1% |
| Operating Margin | -4.7% | 10.5% |
| Net Margin | -12.8% | 7.0% |
| Revenue YoY | -4.7% | 28.6% |
| Net Profit YoY | 28.9% | 62.3% |
| EPS (diluted) | $-0.63 | $0.54 |
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 | $184.5M | ||
| Q3 25 | $241.9M | $162.1M | ||
| Q2 25 | $246.2M | $194.3M | ||
| Q1 25 | $247.0M | $115.1M | ||
| Q4 24 | $252.3M | $143.5M | ||
| Q3 24 | $257.2M | $129.4M | ||
| Q2 24 | $260.4M | $199.9M | ||
| Q1 24 | $266.2M | $95.7M |
| Q4 25 | $-30.8M | $12.8M | ||
| Q3 25 | $-41.5M | $8.0M | ||
| Q2 25 | $-57.8M | $26.0M | ||
| Q1 25 | $-52.0M | $148.0K | ||
| Q4 24 | $-43.3M | $7.9M | ||
| Q3 24 | $-63.1M | $32.3M | ||
| Q2 24 | $-32.3M | $24.3M | ||
| Q1 24 | $-65.3M | $-8.4M |
| Q4 25 | 46.6% | 26.1% | ||
| Q3 25 | 45.6% | 23.5% | ||
| Q2 25 | 44.2% | 31.0% | ||
| Q1 25 | 44.4% | 24.5% | ||
| Q4 24 | 38.5% | 24.9% | ||
| Q3 24 | 37.2% | 23.9% | ||
| Q2 24 | 40.0% | 30.7% | ||
| Q1 24 | 36.5% | 19.8% |
| Q4 25 | -4.7% | 10.5% | ||
| Q3 25 | -7.5% | 8.7% | ||
| Q2 25 | -12.8% | 19.0% | ||
| Q1 25 | -16.3% | 2.8% | ||
| Q4 24 | -13.2% | 9.0% | ||
| Q3 24 | -22.5% | 35.4% | ||
| Q2 24 | -18.1% | 18.2% | ||
| Q1 24 | -22.3% | -6.7% |
| Q4 25 | -12.8% | 7.0% | ||
| Q3 25 | -17.2% | 4.9% | ||
| Q2 25 | -23.5% | 13.4% | ||
| Q1 25 | -21.1% | 0.1% | ||
| Q4 24 | -17.2% | 5.5% | ||
| Q3 24 | -24.5% | 24.9% | ||
| Q2 24 | -12.4% | 12.2% | ||
| Q1 24 | -24.5% | -8.7% |
| Q4 25 | $-0.63 | $0.54 | ||
| Q3 25 | $-0.87 | $0.33 | ||
| Q2 25 | $-1.21 | $1.09 | ||
| Q1 25 | $-1.09 | $0.00 | ||
| Q4 24 | $-0.89 | $0.35 | ||
| Q3 24 | $-1.33 | $1.36 | ||
| Q2 24 | $-0.68 | $1.02 | ||
| Q1 24 | $-1.38 | $-0.37 |
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 | — |
| Total DebtLower is stronger | $1.7B | $144.0M |
| Stockholders' EquityBook value | $-63.8M | $281.4M |
| Total Assets | $3.1B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | — | ||
| Q3 25 | $147.1M | — | ||
| Q2 25 | $213.7M | — | ||
| Q1 25 | $153.8M | — | ||
| Q4 24 | $198.5M | — | ||
| Q3 24 | $279.2M | — | ||
| Q2 24 | $384.4M | — | ||
| Q1 24 | $118.4M | — |
| Q4 25 | $1.7B | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-63.8M | $281.4M | ||
| Q3 25 | $-39.2M | $275.3M | ||
| Q2 25 | $46.7M | $273.3M | ||
| Q1 25 | $142.8M | $258.9M | ||
| Q4 24 | $222.8M | $264.2M | ||
| Q3 24 | $323.6M | $260.8M | ||
| Q2 24 | $415.5M | $236.7M | ||
| Q1 24 | $500.6M | $217.2M |
| Q4 25 | $3.1B | $626.7M | ||
| Q3 25 | $3.1B | $694.9M | ||
| Q2 25 | $3.3B | $671.5M | ||
| Q1 25 | $3.1B | $621.0M | ||
| Q4 24 | $3.2B | $590.0M | ||
| Q3 24 | $3.2B | $665.6M | ||
| Q2 24 | $3.3B | $617.0M | ||
| Q1 24 | $3.1B | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.53× | 0.56× | ||
| 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 | $95.9M |
| Free Cash FlowOCF − Capex | $-43.0M | $92.8M |
| FCF MarginFCF / Revenue | -17.9% | 50.3% |
| Capex IntensityCapex / Revenue | 15.4% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $95.9M | ||
| Q3 25 | $3.1M | $-8.5M | ||
| Q2 25 | $-44.0M | $-11.4M | ||
| Q1 25 | $36.4M | $-1.3M | ||
| Q4 24 | $14.5M | $74.4M | ||
| Q3 24 | $-20.2M | $-14.2M | ||
| Q2 24 | $-22.2M | $2.5M | ||
| Q1 24 | $19.2M | $-21.6M |
| Q4 25 | $-43.0M | $92.8M | ||
| Q3 25 | $-33.1M | $-11.4M | ||
| Q2 25 | $-100.2M | $-14.3M | ||
| Q1 25 | $-21.7M | $-3.5M | ||
| Q4 24 | $-31.6M | $70.2M | ||
| Q3 24 | $-79.5M | $-15.2M | ||
| Q2 24 | $-70.9M | $836.0K | ||
| Q1 24 | $-21.7M | $-22.4M |
| Q4 25 | -17.9% | 50.3% | ||
| Q3 25 | -13.7% | -7.1% | ||
| Q2 25 | -40.7% | -7.4% | ||
| Q1 25 | -8.8% | -3.0% | ||
| Q4 24 | -12.5% | 48.9% | ||
| Q3 24 | -30.9% | -11.8% | ||
| Q2 24 | -27.2% | 0.4% | ||
| Q1 24 | -8.1% | -23.4% |
| Q4 25 | 15.4% | 1.7% | ||
| Q3 25 | 15.0% | 1.8% | ||
| Q2 25 | 22.8% | 1.5% | ||
| Q1 25 | 23.5% | 1.9% | ||
| Q4 24 | 18.3% | 2.9% | ||
| Q3 24 | 23.0% | 0.8% | ||
| Q2 24 | 18.7% | 0.8% | ||
| Q1 24 | 15.4% | 0.8% |
| Q4 25 | — | 7.47× | ||
| Q3 25 | — | -1.07× | ||
| Q2 25 | — | -0.44× | ||
| Q1 25 | — | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | — | -0.44× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCOI
Segment breakdown not available.
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
