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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $240.5M, roughly 1.6× COGENT COMMUNICATIONS HOLDINGS, INC.). Bristow Group Inc. runs the higher net margin — 4.9% vs -12.8%, a 17.7% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -4.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-43.0M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% 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.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
CCOI vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $377.3M |
| Net Profit | $-30.8M | $18.4M |
| Gross Margin | 46.6% | — |
| Operating Margin | -4.7% | 8.5% |
| Net Margin | -12.8% | 4.9% |
| Revenue YoY | -4.7% | 6.7% |
| Net Profit YoY | 28.9% | -42.1% |
| EPS (diluted) | $-0.63 | $0.61 |
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 | $377.3M | ||
| Q3 25 | $241.9M | $386.3M | ||
| Q2 25 | $246.2M | $376.4M | ||
| Q1 25 | $247.0M | $350.5M | ||
| Q4 24 | $252.3M | $353.5M | ||
| Q3 24 | $257.2M | $365.1M | ||
| Q2 24 | $260.4M | $359.7M | ||
| Q1 24 | $266.2M | $337.1M |
| Q4 25 | $-30.8M | $18.4M | ||
| Q3 25 | $-41.5M | $51.5M | ||
| Q2 25 | $-57.8M | $31.7M | ||
| Q1 25 | $-52.0M | $27.4M | ||
| Q4 24 | $-43.3M | $31.8M | ||
| Q3 24 | $-63.1M | $28.2M | ||
| Q2 24 | $-32.3M | $28.2M | ||
| Q1 24 | $-65.3M | $6.6M |
| 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% | — |
| Q4 25 | -4.7% | 8.5% | ||
| Q3 25 | -7.5% | 13.1% | ||
| Q2 25 | -12.8% | 11.3% | ||
| Q1 25 | -16.3% | 9.6% | ||
| Q4 24 | -13.2% | 9.0% | ||
| Q3 24 | -22.5% | 9.1% | ||
| Q2 24 | -18.1% | 12.4% | ||
| Q1 24 | -22.3% | 6.8% |
| Q4 25 | -12.8% | 4.9% | ||
| Q3 25 | -17.2% | 13.3% | ||
| Q2 25 | -23.5% | 8.4% | ||
| Q1 25 | -21.1% | 7.8% | ||
| Q4 24 | -17.2% | 9.0% | ||
| Q3 24 | -24.5% | 7.7% | ||
| Q2 24 | -12.4% | 7.8% | ||
| Q1 24 | -24.5% | 2.0% |
| Q4 25 | $-0.63 | $0.61 | ||
| Q3 25 | $-0.87 | $1.72 | ||
| Q2 25 | $-1.21 | $1.07 | ||
| Q1 25 | $-1.09 | $0.92 | ||
| Q4 24 | $-0.89 | $1.07 | ||
| Q3 24 | $-1.33 | $0.95 | ||
| Q2 24 | $-0.68 | $0.96 | ||
| Q1 24 | $-1.38 | $0.23 |
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 | $286.2M |
| Total DebtLower is stronger | $1.7B | $671.5M |
| Stockholders' EquityBook value | $-63.8M | $1.1B |
| Total Assets | $3.1B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $286.2M | ||
| Q3 25 | $147.1M | $245.5M | ||
| Q2 25 | $213.7M | $251.8M | ||
| Q1 25 | $153.8M | $191.1M | ||
| Q4 24 | $198.5M | $247.5M | ||
| Q3 24 | $279.2M | $200.3M | ||
| Q2 24 | $384.4M | $178.6M | ||
| Q1 24 | $118.4M | $140.6M |
| Q4 25 | $1.7B | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | $1.5B | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | $-63.8M | $1.1B | ||
| Q3 25 | $-39.2M | $1.0B | ||
| Q2 25 | $46.7M | $984.4M | ||
| Q1 25 | $142.8M | $931.7M | ||
| Q4 24 | $222.8M | $891.7M | ||
| Q3 24 | $323.6M | $899.2M | ||
| Q2 24 | $415.5M | $849.1M | ||
| Q1 24 | $500.6M | $820.7M |
| Q4 25 | $3.1B | $2.3B | ||
| Q3 25 | $3.1B | $2.3B | ||
| Q2 25 | $3.3B | $2.3B | ||
| Q1 25 | $3.1B | $2.2B | ||
| Q4 24 | $3.2B | $2.1B | ||
| Q3 24 | $3.2B | $2.1B | ||
| Q2 24 | $3.3B | $2.0B | ||
| Q1 24 | $3.1B | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | 6.53× | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.66× |
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 | $76.9M |
| Free Cash FlowOCF − Capex | $-43.0M | $47.8M |
| FCF MarginFCF / Revenue | -17.9% | 12.7% |
| Capex IntensityCapex / Revenue | 15.4% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $76.9M | ||
| Q3 25 | $3.1M | $23.1M | ||
| Q2 25 | $-44.0M | $99.0M | ||
| Q1 25 | $36.4M | $-603.0K | ||
| Q4 24 | $14.5M | $51.1M | ||
| Q3 24 | $-20.2M | $66.0M | ||
| Q2 24 | $-22.2M | $33.7M | ||
| Q1 24 | $19.2M | $26.7M |
| Q4 25 | $-43.0M | $47.8M | ||
| Q3 25 | $-33.1M | $-6.2M | ||
| Q2 25 | $-100.2M | $67.4M | ||
| Q1 25 | $-21.7M | $-52.7M | ||
| Q4 24 | $-31.6M | $-32.4M | ||
| Q3 24 | $-79.5M | $9.0M | ||
| Q2 24 | $-70.9M | $-16.7M | ||
| Q1 24 | $-21.7M | $-37.9M |
| Q4 25 | -17.9% | 12.7% | ||
| Q3 25 | -13.7% | -1.6% | ||
| Q2 25 | -40.7% | 17.9% | ||
| Q1 25 | -8.8% | -15.0% | ||
| Q4 24 | -12.5% | -9.2% | ||
| Q3 24 | -30.9% | 2.5% | ||
| Q2 24 | -27.2% | -4.6% | ||
| Q1 24 | -8.1% | -11.2% |
| Q4 25 | 15.4% | 7.7% | ||
| Q3 25 | 15.0% | 7.6% | ||
| Q2 25 | 22.8% | 8.4% | ||
| Q1 25 | 23.5% | 14.9% | ||
| Q4 24 | 18.3% | 23.6% | ||
| Q3 24 | 23.0% | 15.6% | ||
| Q2 24 | 18.7% | 14.0% | ||
| Q1 24 | 15.4% | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 3.12× | ||
| Q1 25 | — | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCOI
Segment breakdown not available.
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
