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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and SMITH & WESSON BRANDS, INC. (SWBI). 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 $124.7M, roughly 1.9× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -12.8%, a 14.3% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -4.7%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-43.0M). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
CCOI vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $124.7M |
| Net Profit | $-30.8M | $1.9M |
| Gross Margin | 46.6% | 24.3% |
| Operating Margin | -4.7% | 3.3% |
| Net Margin | -12.8% | 1.5% |
| Revenue YoY | -4.7% | -3.9% |
| Net Profit YoY | 28.9% | -53.6% |
| EPS (diluted) | $-0.63 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $241.9M | $85.1M | ||
| Q2 25 | $246.2M | $140.8M | ||
| Q1 25 | $247.0M | $115.9M | ||
| Q4 24 | $252.3M | $129.7M | ||
| Q3 24 | $257.2M | $88.3M | ||
| Q2 24 | $260.4M | $159.1M | ||
| Q1 24 | $266.2M | $137.5M |
| Q4 25 | $-30.8M | $1.9M | ||
| Q3 25 | $-41.5M | $-3.4M | ||
| Q2 25 | $-57.8M | $8.6M | ||
| Q1 25 | $-52.0M | $2.1M | ||
| Q4 24 | $-43.3M | $4.5M | ||
| Q3 24 | $-63.1M | $-1.9M | ||
| Q2 24 | $-32.3M | $27.9M | ||
| Q1 24 | $-65.3M | $7.9M |
| Q4 25 | 46.6% | 24.3% | ||
| Q3 25 | 45.6% | 25.9% | ||
| Q2 25 | 44.2% | 28.8% | ||
| Q1 25 | 44.4% | 24.1% | ||
| Q4 24 | 38.5% | 26.6% | ||
| Q3 24 | 37.2% | 27.4% | ||
| Q2 24 | 40.0% | 35.5% | ||
| Q1 24 | 36.5% | 28.7% |
| Q4 25 | -4.7% | 3.3% | ||
| Q3 25 | -7.5% | -3.5% | ||
| Q2 25 | -12.8% | 9.3% | ||
| Q1 25 | -16.3% | 4.1% | ||
| Q4 24 | -13.2% | 5.8% | ||
| Q3 24 | -22.5% | -1.7% | ||
| Q2 24 | -18.1% | 17.4% | ||
| Q1 24 | -22.3% | 8.2% |
| Q4 25 | -12.8% | 1.5% | ||
| Q3 25 | -17.2% | -4.0% | ||
| Q2 25 | -23.5% | 6.1% | ||
| Q1 25 | -21.1% | 1.8% | ||
| Q4 24 | -17.2% | 3.5% | ||
| Q3 24 | -24.5% | -2.1% | ||
| Q2 24 | -12.4% | 17.5% | ||
| Q1 24 | -24.5% | 5.7% |
| Q4 25 | $-0.63 | $0.04 | ||
| Q3 25 | $-0.87 | $-0.08 | ||
| Q2 25 | $-1.21 | $0.19 | ||
| Q1 25 | $-1.09 | $0.05 | ||
| Q4 24 | $-0.89 | $0.10 | ||
| Q3 24 | $-1.33 | $-0.04 | ||
| Q2 24 | $-0.68 | $0.60 | ||
| Q1 24 | $-1.38 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $-63.8M | $363.2M |
| Total Assets | $3.1B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $22.4M | ||
| Q3 25 | $147.1M | $18.0M | ||
| Q2 25 | $213.7M | $25.2M | ||
| Q1 25 | $153.8M | $26.7M | ||
| Q4 24 | $198.5M | $39.1M | ||
| Q3 24 | $279.2M | $35.5M | ||
| Q2 24 | $384.4M | $60.8M | ||
| Q1 24 | $118.4M | $47.4M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-63.8M | $363.2M | ||
| Q3 25 | $-39.2M | $364.4M | ||
| Q2 25 | $46.7M | $372.5M | ||
| Q1 25 | $142.8M | $366.9M | ||
| Q4 24 | $222.8M | $371.5M | ||
| Q3 24 | $323.6M | $380.0M | ||
| Q2 24 | $415.5M | $399.9M | ||
| Q1 24 | $500.6M | $376.4M |
| Q4 25 | $3.1B | $548.6M | ||
| Q3 25 | $3.1B | $554.6M | ||
| Q2 25 | $3.3B | $559.6M | ||
| Q1 25 | $3.1B | $578.9M | ||
| Q4 24 | $3.2B | $587.4M | ||
| Q3 24 | $3.2B | $571.3M | ||
| Q2 24 | $3.3B | $577.4M | ||
| Q1 24 | $3.1B | $570.6M |
| 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 | $27.3M |
| Free Cash FlowOCF − Capex | $-43.0M | $16.3M |
| FCF MarginFCF / Revenue | -17.9% | 13.1% |
| Capex IntensityCapex / Revenue | 15.4% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $27.3M | ||
| Q3 25 | $3.1M | $-8.1M | ||
| Q2 25 | $-44.0M | $40.8M | ||
| Q1 25 | $36.4M | $-9.8M | ||
| Q4 24 | $14.5M | $-7.4M | ||
| Q3 24 | $-20.2M | $-30.8M | ||
| Q2 24 | $-22.2M | $43.7M | ||
| Q1 24 | $19.2M | $25.2M |
| Q4 25 | $-43.0M | $16.3M | ||
| Q3 25 | $-33.1M | $-12.4M | ||
| Q2 25 | $-100.2M | $33.5M | ||
| Q1 25 | $-21.7M | $-16.1M | ||
| Q4 24 | $-31.6M | $-10.7M | ||
| Q3 24 | $-79.5M | $-35.5M | ||
| Q2 24 | $-70.9M | $38.2M | ||
| Q1 24 | $-21.7M | $7.0M |
| Q4 25 | -17.9% | 13.1% | ||
| Q3 25 | -13.7% | -14.6% | ||
| Q2 25 | -40.7% | 23.8% | ||
| Q1 25 | -8.8% | -13.9% | ||
| Q4 24 | -12.5% | -8.3% | ||
| Q3 24 | -30.9% | -40.2% | ||
| Q2 24 | -27.2% | 24.0% | ||
| Q1 24 | -8.1% | 5.1% |
| Q4 25 | 15.4% | 8.8% | ||
| Q3 25 | 15.0% | 5.0% | ||
| Q2 25 | 22.8% | 5.2% | ||
| Q1 25 | 23.5% | 5.4% | ||
| Q4 24 | 18.3% | 2.5% | ||
| Q3 24 | 23.0% | 5.3% | ||
| Q2 24 | 18.7% | 3.5% | ||
| Q1 24 | 15.4% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | — | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
