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COGENT COMMUNICATIONS HOLDINGS, INC.（CCOI）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
COGENT COMMUNICATIONS HOLDINGS, INC.的季度营收约是铱星通信的1.1倍（$240.5M vs $219.1M）。铱星通信净利率更高（9.9% vs -12.8%，领先22.7%）。铱星通信同比增速更快（1.9% vs -4.7%）。过去两年铱星通信的营收复合增速更高（4.4% vs -4.9%）
高智通信控股公司是总部设在美国的跨国互联网服务供应商，核心业务包括光纤IP专用网络下的互联网接入与数据传输服务，同时也提供数据中心服务器托管业务，在全球互联网基础设施领域拥有广泛的业务布局。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
CCOI vs IRDM — 直观对比
营收规模更大
CCOI
是对方的1.1倍
$219.1M
营收增速更快
IRDM
高出6.6%
-4.7%
净利率更高
IRDM
高出22.7%
-12.8%
两年增速更快
IRDM
近两年复合增速
-4.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $240.5M | $219.1M |
| 净利润 | $-30.8M | $21.6M |
| 毛利率 | 46.6% | — |
| 营业利润率 | -4.7% | 23.2% |
| 净利率 | -12.8% | 9.9% |
| 营收同比 | -4.7% | 1.9% |
| 净利润同比 | 28.9% | -29.0% |
| 每股收益（稀释后） | $-0.63 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CCOIIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $240.5M | $212.9M | ||
| Q3 25 | $241.9M | $226.9M | ||
| Q2 25 | $246.2M | $216.9M | ||
| Q1 25 | $247.0M | $214.9M | ||
| Q4 24 | $252.3M | $213.0M | ||
| Q3 24 | $257.2M | $212.8M | ||
| Q2 24 | $260.4M | $201.1M |
净利润CCOIIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-30.8M | $24.9M | ||
| Q3 25 | $-41.5M | $37.1M | ||
| Q2 25 | $-57.8M | $22.0M | ||
| Q1 25 | $-52.0M | $30.4M | ||
| Q4 24 | $-43.3M | $36.3M | ||
| Q3 24 | $-63.1M | $24.4M | ||
| Q2 24 | $-32.3M | $32.3M |
毛利率CCOIIRDM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CCOIIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | -4.7% | 25.9% | ||
| Q3 25 | -7.5% | 30.9% | ||
| Q2 25 | -12.8% | 23.2% | ||
| Q1 25 | -16.3% | 28.1% | ||
| Q4 24 | -13.2% | 24.5% | ||
| Q3 24 | -22.5% | 25.8% | ||
| Q2 24 | -18.1% | 21.7% |
净利率CCOIIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | -12.8% | 11.7% | ||
| Q3 25 | -17.2% | 16.4% | ||
| Q2 25 | -23.5% | 10.1% | ||
| Q1 25 | -21.1% | 14.2% | ||
| Q4 24 | -17.2% | 17.1% | ||
| Q3 24 | -24.5% | 11.5% | ||
| Q2 24 | -12.4% | 16.1% |
每股收益（稀释后）CCOIIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-0.63 | $0.24 | ||
| Q3 25 | $-0.87 | $0.35 | ||
| Q2 25 | $-1.21 | $0.20 | ||
| Q1 25 | $-1.09 | $0.27 | ||
| Q4 24 | $-0.89 | $0.30 | ||
| Q3 24 | $-1.33 | $0.21 | ||
| Q2 24 | $-0.68 | $0.27 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $148.5M | — |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $-63.8M | — |
| 总资产 | $3.1B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CCOIIRDM
| Q1 26 | — | — | ||
| Q4 25 | $148.5M | $96.5M | ||
| Q3 25 | $147.1M | $88.5M | ||
| Q2 25 | $213.7M | $79.3M | ||
| Q1 25 | $153.8M | $50.9M | ||
| Q4 24 | $198.5M | $93.5M | ||
| Q3 24 | $279.2M | $159.6M | ||
| Q2 24 | $384.4M | $63.5M |
总债务CCOIIRDM
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CCOIIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-63.8M | $462.6M | ||
| Q3 25 | $-39.2M | $450.5M | ||
| Q2 25 | $46.7M | $473.6M | ||
| Q1 25 | $142.8M | $518.4M | ||
| Q4 24 | $222.8M | $576.6M | ||
| Q3 24 | $323.6M | $663.8M | ||
| Q2 24 | $415.5M | $786.7M |
总资产CCOIIRDM
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $2.5B | ||
| Q3 25 | $3.1B | $2.6B | ||
| Q2 25 | $3.3B | $2.6B | ||
| Q1 25 | $3.1B | $2.6B | ||
| Q4 24 | $3.2B | $2.7B | ||
| Q3 24 | $3.2B | $2.8B | ||
| Q2 24 | $3.3B | $2.7B |
负债/权益比CCOIIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.53× | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-6.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | — |
| 自由现金流率自由现金流/营收 | -17.9% | — |
| 资本支出强度资本支出/营收 | 15.4% | 13.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-198.1M | — |
8季度趋势，按日历期对齐
经营现金流CCOIIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-6.0M | $108.6M | ||
| Q3 25 | $3.1M | $100.8M | ||
| Q2 25 | $-44.0M | $129.6M | ||
| Q1 25 | $36.4M | $61.1M | ||
| Q4 24 | $14.5M | $104.8M | ||
| Q3 24 | $-20.2M | $118.6M | ||
| Q2 24 | $-22.2M | $81.1M |
自由现金流CCOIIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-43.0M | $75.1M | ||
| Q3 25 | $-33.1M | $79.2M | ||
| Q2 25 | $-100.2M | $108.9M | ||
| Q1 25 | $-21.7M | $36.5M | ||
| Q4 24 | $-31.6M | $80.5M | ||
| Q3 24 | $-79.5M | $100.0M | ||
| Q2 24 | $-70.9M | $68.7M |
自由现金流率CCOIIRDM
| Q1 26 | — | — | ||
| Q4 25 | -17.9% | 35.3% | ||
| Q3 25 | -13.7% | 34.9% | ||
| Q2 25 | -40.7% | 50.2% | ||
| Q1 25 | -8.8% | 17.0% | ||
| Q4 24 | -12.5% | 37.8% | ||
| Q3 24 | -30.9% | 47.0% | ||
| Q2 24 | -27.2% | 34.2% |
资本支出强度CCOIIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 15.4% | 15.7% | ||
| Q3 25 | 15.0% | 9.5% | ||
| Q2 25 | 22.8% | 9.5% | ||
| Q1 25 | 23.5% | 11.4% | ||
| Q4 24 | 18.3% | 11.4% | ||
| Q3 24 | 23.0% | 8.7% | ||
| Q2 24 | 18.7% | 6.2% |
现金转化率CCOIIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 2.51× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CCOI
暂无分部数据
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $43.9M | 20% |
| Government | $35.8M | 16% |
| Government service revenue (5) | $26.8M | 12% |
| Subscriber equipment | $23.1M | 11% |
| Hosted payload and other data service (4) | $14.9M | 7% |
| Broadband (3) | $12.9M | 6% |
| Commercial | $1.6M | 1% |
