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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). 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 $191.2M, roughly 1.3× POWER SOLUTIONS INTERNATIONAL, INC.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs -12.8%, a 21.2% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs -4.7%). POWER SOLUTIONS INTERNATIONAL, INC. produced more free cash flow last quarter ($-7.6M vs $-43.0M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% 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.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

CCOI vs PSIX — Head-to-Head

Bigger by revenue
CCOI
CCOI
1.3× larger
CCOI
$240.5M
$191.2M
PSIX
Growing faster (revenue YoY)
PSIX
PSIX
+37.2% gap
PSIX
32.5%
-4.7%
CCOI
Higher net margin
PSIX
PSIX
21.2% more per $
PSIX
8.4%
-12.8%
CCOI
More free cash flow
PSIX
PSIX
$35.4M more FCF
PSIX
$-7.6M
$-43.0M
CCOI
Faster 2-yr revenue CAGR
PSIX
PSIX
Annualised
PSIX
41.7%
-4.9%
CCOI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCOI
CCOI
PSIX
PSIX
Revenue
$240.5M
$191.2M
Net Profit
$-30.8M
$16.1M
Gross Margin
46.6%
21.9%
Operating Margin
-4.7%
12.7%
Net Margin
-12.8%
8.4%
Revenue YoY
-4.7%
32.5%
Net Profit YoY
28.9%
-31.0%
EPS (diluted)
$-0.63
$0.69

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
PSIX
PSIX
Q4 25
$240.5M
$191.2M
Q3 25
$241.9M
$203.8M
Q2 25
$246.2M
$191.9M
Q1 25
$247.0M
$135.4M
Q4 24
$252.3M
$144.3M
Q3 24
$257.2M
$125.8M
Q2 24
$260.4M
$110.6M
Q1 24
$266.2M
$95.2M
Net Profit
CCOI
CCOI
PSIX
PSIX
Q4 25
$-30.8M
$16.1M
Q3 25
$-41.5M
$27.6M
Q2 25
$-57.8M
$51.2M
Q1 25
$-52.0M
$19.1M
Q4 24
$-43.3M
$23.3M
Q3 24
$-63.1M
$17.3M
Q2 24
$-32.3M
$21.5M
Q1 24
$-65.3M
$7.1M
Gross Margin
CCOI
CCOI
PSIX
PSIX
Q4 25
46.6%
21.9%
Q3 25
45.6%
23.9%
Q2 25
44.2%
28.2%
Q1 25
44.4%
29.7%
Q4 24
38.5%
29.9%
Q3 24
37.2%
28.9%
Q2 24
40.0%
31.8%
Q1 24
36.5%
27.0%
Operating Margin
CCOI
CCOI
PSIX
PSIX
Q4 25
-4.7%
12.7%
Q3 25
-7.5%
13.9%
Q2 25
-12.8%
16.9%
Q1 25
-16.3%
18.2%
Q4 24
-13.2%
17.5%
Q3 24
-22.5%
16.3%
Q2 24
-18.1%
22.9%
Q1 24
-22.3%
11.2%
Net Margin
CCOI
CCOI
PSIX
PSIX
Q4 25
-12.8%
8.4%
Q3 25
-17.2%
13.5%
Q2 25
-23.5%
26.7%
Q1 25
-21.1%
14.1%
Q4 24
-17.2%
16.1%
Q3 24
-24.5%
13.8%
Q2 24
-12.4%
19.5%
Q1 24
-24.5%
7.5%
EPS (diluted)
CCOI
CCOI
PSIX
PSIX
Q4 25
$-0.63
$0.69
Q3 25
$-0.87
$1.20
Q2 25
$-1.21
$2.22
Q1 25
$-1.09
$0.83
Q4 24
$-0.89
$1.01
Q3 24
$-1.33
$0.75
Q2 24
$-0.68
$0.94
Q1 24
$-1.38
$0.31

Balance Sheet & Financial Strength

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

Metric
CCOI
CCOI
PSIX
PSIX
Cash + ST InvestmentsLiquidity on hand
$148.5M
$41.3M
Total DebtLower is stronger
$1.7B
$96.6M
Stockholders' EquityBook value
$-63.8M
$178.6M
Total Assets
$3.1B
$424.7M
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCOI
CCOI
PSIX
PSIX
Q4 25
$148.5M
$41.3M
Q3 25
$147.1M
$49.0M
Q2 25
$213.7M
$49.5M
Q1 25
$153.8M
$50.0M
Q4 24
$198.5M
$55.3M
Q3 24
$279.2M
$40.5M
Q2 24
$384.4M
$28.8M
Q1 24
$118.4M
$33.1M
Total Debt
CCOI
CCOI
PSIX
PSIX
Q4 25
$1.7B
$96.6M
Q3 25
$96.7M
Q2 25
$1.8M
Q1 25
$1.0M
Q4 24
$1.5B
$184.0K
Q3 24
$238.0K
Q2 24
$292.0K
Q1 24
$345.0K
Stockholders' Equity
CCOI
CCOI
PSIX
PSIX
Q4 25
$-63.8M
$178.6M
Q3 25
$-39.2M
$162.5M
Q2 25
$46.7M
$135.7M
Q1 25
$142.8M
$84.3M
Q4 24
$222.8M
$65.3M
Q3 24
$323.6M
$42.1M
Q2 24
$415.5M
$24.8M
Q1 24
$500.6M
$3.2M
Total Assets
CCOI
CCOI
PSIX
PSIX
Q4 25
$3.1B
$424.7M
Q3 25
$3.1B
$458.9M
Q2 25
$3.3B
$437.7M
Q1 25
$3.1B
$372.7M
Q4 24
$3.2B
$328.2M
Q3 24
$3.2B
$339.1M
Q2 24
$3.3B
$307.6M
Q1 24
$3.1B
$286.8M
Debt / Equity
CCOI
CCOI
PSIX
PSIX
Q4 25
0.54×
Q3 25
0.60×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
6.53×
0.00×
Q3 24
0.01×
Q2 24
0.01×
Q1 24
0.11×

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
PSIX
PSIX
Operating Cash FlowLast quarter
$-6.0M
$-4.6M
Free Cash FlowOCF − Capex
$-43.0M
$-7.6M
FCF MarginFCF / Revenue
-17.9%
-4.0%
Capex IntensityCapex / Revenue
15.4%
1.6%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-198.1M
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCOI
CCOI
PSIX
PSIX
Q4 25
$-6.0M
$-4.6M
Q3 25
$3.1M
$3.3M
Q2 25
$-44.0M
$16.7M
Q1 25
$36.4M
$8.8M
Q4 24
$14.5M
$32.7M
Q3 24
$-20.2M
$12.6M
Q2 24
$-22.2M
$1.5M
Q1 24
$19.2M
$15.6M
Free Cash Flow
CCOI
CCOI
PSIX
PSIX
Q4 25
$-43.0M
$-7.6M
Q3 25
$-33.1M
$1.7M
Q2 25
$-100.2M
$14.6M
Q1 25
$-21.7M
$5.4M
Q4 24
$-31.6M
$30.0M
Q3 24
$-79.5M
$12.1M
Q2 24
$-70.9M
$822.0K
Q1 24
$-21.7M
$14.8M
FCF Margin
CCOI
CCOI
PSIX
PSIX
Q4 25
-17.9%
-4.0%
Q3 25
-13.7%
0.8%
Q2 25
-40.7%
7.6%
Q1 25
-8.8%
4.0%
Q4 24
-12.5%
20.8%
Q3 24
-30.9%
9.7%
Q2 24
-27.2%
0.7%
Q1 24
-8.1%
15.6%
Capex Intensity
CCOI
CCOI
PSIX
PSIX
Q4 25
15.4%
1.6%
Q3 25
15.0%
0.8%
Q2 25
22.8%
1.1%
Q1 25
23.5%
2.5%
Q4 24
18.3%
1.8%
Q3 24
23.0%
0.3%
Q2 24
18.7%
0.6%
Q1 24
15.4%
0.9%
Cash Conversion
CCOI
CCOI
PSIX
PSIX
Q4 25
-0.29×
Q3 25
0.12×
Q2 25
0.33×
Q1 25
0.46×
Q4 24
1.40×
Q3 24
0.73×
Q2 24
0.07×
Q1 24
2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CCOI
CCOI

Segment breakdown not available.

PSIX
PSIX

Energy End Market$153.4M80%
Industrial End Market$33.3M17%
Transportation End Market$4.6M2%

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