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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and Ranger Energy Services, Inc. (RNGR). 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 $142.2M, roughly 1.7× Ranger Energy Services, Inc.). Ranger Energy Services, Inc. runs the higher net margin — 2.3% vs -12.8%, a 15.0% gap on every dollar of revenue. On growth, Ranger Energy Services, Inc. posted the faster year-over-year revenue change (-0.6% vs -4.7%). Ranger Energy Services, Inc. produced more free cash flow last quarter ($17.1M vs $-43.0M). Over the past eight quarters, Ranger Energy Services, Inc.'s revenue compounded faster (1.9% 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.

Ranger Energy Services, Inc. is a leading North American onshore oilfield services provider. It offers a full suite of well completion, workover, rig operations, and production enhancement solutions for upstream oil and gas operators, primarily serving active unconventional shale and tight resource basins across the continental United States.

CCOI vs RNGR — Head-to-Head

Bigger by revenue
CCOI
CCOI
1.7× larger
CCOI
$240.5M
$142.2M
RNGR
Growing faster (revenue YoY)
RNGR
RNGR
+4.0% gap
RNGR
-0.6%
-4.7%
CCOI
Higher net margin
RNGR
RNGR
15.0% more per $
RNGR
2.3%
-12.8%
CCOI
More free cash flow
RNGR
RNGR
$60.1M more FCF
RNGR
$17.1M
$-43.0M
CCOI
Faster 2-yr revenue CAGR
RNGR
RNGR
Annualised
RNGR
1.9%
-4.9%
CCOI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCOI
CCOI
RNGR
RNGR
Revenue
$240.5M
$142.2M
Net Profit
$-30.8M
$3.2M
Gross Margin
46.6%
Operating Margin
-4.7%
2.3%
Net Margin
-12.8%
2.3%
Revenue YoY
-4.7%
-0.6%
Net Profit YoY
28.9%
-44.8%
EPS (diluted)
$-0.63
$0.14

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
RNGR
RNGR
Q4 25
$240.5M
$142.2M
Q3 25
$241.9M
$128.9M
Q2 25
$246.2M
$140.6M
Q1 25
$247.0M
$135.2M
Q4 24
$252.3M
$143.1M
Q3 24
$257.2M
$153.0M
Q2 24
$260.4M
$138.1M
Q1 24
$266.2M
$136.9M
Net Profit
CCOI
CCOI
RNGR
RNGR
Q4 25
$-30.8M
$3.2M
Q3 25
$-41.5M
$1.2M
Q2 25
$-57.8M
$7.3M
Q1 25
$-52.0M
$600.0K
Q4 24
$-43.3M
$5.8M
Q3 24
$-63.1M
$8.7M
Q2 24
$-32.3M
$4.7M
Q1 24
$-65.3M
$-800.0K
Gross Margin
CCOI
CCOI
RNGR
RNGR
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
RNGR
RNGR
Q4 25
-4.7%
2.3%
Q3 25
-7.5%
2.0%
Q2 25
-12.8%
6.1%
Q1 25
-16.3%
0.7%
Q4 24
-13.2%
6.2%
Q3 24
-22.5%
8.4%
Q2 24
-18.1%
5.3%
Q1 24
-22.3%
-0.4%
Net Margin
CCOI
CCOI
RNGR
RNGR
Q4 25
-12.8%
2.3%
Q3 25
-17.2%
0.9%
Q2 25
-23.5%
5.2%
Q1 25
-21.1%
0.4%
Q4 24
-17.2%
4.1%
Q3 24
-24.5%
5.7%
Q2 24
-12.4%
3.4%
Q1 24
-24.5%
-0.6%
EPS (diluted)
CCOI
CCOI
RNGR
RNGR
Q4 25
$-0.63
$0.14
Q3 25
$-0.87
$0.05
Q2 25
$-1.21
$0.32
Q1 25
$-1.09
$0.03
Q4 24
$-0.89
$0.24
Q3 24
$-1.33
$0.39
Q2 24
$-0.68
$0.21
Q1 24
$-1.38
$-0.03

Balance Sheet & Financial Strength

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

Metric
CCOI
CCOI
RNGR
RNGR
Cash + ST InvestmentsLiquidity on hand
$148.5M
$10.3M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$-63.8M
$300.1M
Total Assets
$3.1B
$419.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCOI
CCOI
RNGR
RNGR
Q4 25
$148.5M
$10.3M
Q3 25
$147.1M
$45.2M
Q2 25
$213.7M
$48.9M
Q1 25
$153.8M
$40.3M
Q4 24
$198.5M
$40.9M
Q3 24
$279.2M
$14.8M
Q2 24
$384.4M
$8.7M
Q1 24
$118.4M
$11.1M
Total Debt
CCOI
CCOI
RNGR
RNGR
Q4 25
$1.7B
Q3 25
Q2 25
Q1 25
Q4 24
$1.5B
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
CCOI
CCOI
RNGR
RNGR
Q4 25
$-63.8M
$300.1M
Q3 25
$-39.2M
$270.0M
Q2 25
$46.7M
$276.9M
Q1 25
$142.8M
$272.6M
Q4 24
$222.8M
$273.8M
Q3 24
$323.6M
$267.6M
Q2 24
$415.5M
$260.5M
Q1 24
$500.6M
$261.7M
Total Assets
CCOI
CCOI
RNGR
RNGR
Q4 25
$3.1B
$419.3M
Q3 25
$3.1B
$372.8M
Q2 25
$3.3B
$381.7M
Q1 25
$3.1B
$376.5M
Q4 24
$3.2B
$381.6M
Q3 24
$3.2B
$373.9M
Q2 24
$3.3B
$359.6M
Q1 24
$3.1B
$355.5M
Debt / Equity
CCOI
CCOI
RNGR
RNGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
6.53×
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

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
RNGR
RNGR
Operating Cash FlowLast quarter
$-6.0M
$24.1M
Free Cash FlowOCF − Capex
$-43.0M
$17.1M
FCF MarginFCF / Revenue
-17.9%
12.0%
Capex IntensityCapex / Revenue
15.4%
4.9%
Cash ConversionOCF / Net Profit
7.53×
TTM Free Cash FlowTrailing 4 quarters
$-198.1M
$42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCOI
CCOI
RNGR
RNGR
Q4 25
$-6.0M
$24.1M
Q3 25
$3.1M
$13.6M
Q2 25
$-44.0M
$20.7M
Q1 25
$36.4M
$10.6M
Q4 24
$14.5M
$32.7M
Q3 24
$-20.2M
$17.7M
Q2 24
$-22.2M
$22.1M
Q1 24
$19.2M
$12.0M
Free Cash Flow
CCOI
CCOI
RNGR
RNGR
Q4 25
$-43.0M
$17.1M
Q3 25
$-33.1M
$8.0M
Q2 25
$-100.2M
$14.4M
Q1 25
$-21.7M
$3.4M
Q4 24
$-31.6M
$27.3M
Q3 24
$-79.5M
$10.8M
Q2 24
$-70.9M
$6.8M
Q1 24
$-21.7M
$5.5M
FCF Margin
CCOI
CCOI
RNGR
RNGR
Q4 25
-17.9%
12.0%
Q3 25
-13.7%
6.2%
Q2 25
-40.7%
10.2%
Q1 25
-8.8%
2.5%
Q4 24
-12.5%
19.1%
Q3 24
-30.9%
7.1%
Q2 24
-27.2%
4.9%
Q1 24
-8.1%
4.0%
Capex Intensity
CCOI
CCOI
RNGR
RNGR
Q4 25
15.4%
4.9%
Q3 25
15.0%
4.3%
Q2 25
22.8%
4.5%
Q1 25
23.5%
5.3%
Q4 24
18.3%
3.8%
Q3 24
23.0%
4.5%
Q2 24
18.7%
11.1%
Q1 24
15.4%
4.7%
Cash Conversion
CCOI
CCOI
RNGR
RNGR
Q4 25
7.53×
Q3 25
11.33×
Q2 25
2.84×
Q1 25
17.67×
Q4 24
5.64×
Q3 24
2.03×
Q2 24
4.70×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CCOI
CCOI

Segment breakdown not available.

RNGR
RNGR

High Specification Rigs$92.3M65%
Processing Solutions And Ancillary Services$37.5M26%
Wireline Services$12.4M9%

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