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COGENT COMMUNICATIONS HOLDINGS, INC.（CCOI）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是COGENT COMMUNICATIONS HOLDINGS, INC.的15.8倍（$3.8B vs $240.5M）。COGENT COMMUNICATIONS HOLDINGS, INC.净利率更高（-12.8% vs -31.8%，领先19.0%）。EchoStar CORP同比增速更快（-4.3% vs -4.7%）。COGENT COMMUNICATIONS HOLDINGS, INC.自由现金流更多（$-43.0M vs $-583.4M）。过去两年EchoStar CORP的营收复合增速更高（-2.8% 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。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
CCOI vs SATS — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $240.5M | $3.8B |
| 净利润 | $-30.8M | $-1.2B |
| 毛利率 | 46.6% | — |
| 营业利润率 | -4.7% | -20.5% |
| 净利率 | -12.8% | -31.8% |
| 营收同比 | -4.7% | -4.3% |
| 净利润同比 | 28.9% | -460.1% |
| 每股收益（稀释后） | $-0.63 | $-4.27 |
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
| Q4 25 | $240.5M | $3.8B | ||
| Q3 25 | $241.9M | $3.6B | ||
| Q2 25 | $246.2M | $3.7B | ||
| Q1 25 | $247.0M | $3.9B | ||
| Q4 24 | $252.3M | $4.0B | ||
| Q3 24 | $257.2M | $3.9B | ||
| Q2 24 | $260.4M | $4.0B | ||
| Q1 24 | $266.2M | $4.0B |
| Q4 25 | $-30.8M | $-1.2B | ||
| Q3 25 | $-41.5M | $-12.8B | ||
| Q2 25 | $-57.8M | $-306.1M | ||
| Q1 25 | $-52.0M | $-202.7M | ||
| Q4 24 | $-43.3M | $335.2M | ||
| Q3 24 | $-63.1M | $-141.8M | ||
| Q2 24 | $-32.3M | $-205.6M | ||
| Q1 24 | $-65.3M | $-107.4M |
| 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% | -20.5% | ||
| Q3 25 | -7.5% | -460.5% | ||
| Q2 25 | -12.8% | -5.7% | ||
| Q1 25 | -16.3% | -2.3% | ||
| Q4 24 | -13.2% | -1.6% | ||
| Q3 24 | -22.5% | -4.1% | ||
| Q2 24 | -18.1% | -1.7% | ||
| Q1 24 | -22.3% | -0.4% |
| Q4 25 | -12.8% | -31.8% | ||
| Q3 25 | -17.2% | -353.6% | ||
| Q2 25 | -23.5% | -8.2% | ||
| Q1 25 | -21.1% | -5.2% | ||
| Q4 24 | -17.2% | 8.5% | ||
| Q3 24 | -24.5% | -3.6% | ||
| Q2 24 | -12.4% | -5.2% | ||
| Q1 24 | -24.5% | -2.7% |
| Q4 25 | $-0.63 | $-4.27 | ||
| Q3 25 | $-0.87 | $-44.37 | ||
| Q2 25 | $-1.21 | $-1.06 | ||
| Q1 25 | $-1.09 | $-0.71 | ||
| Q4 24 | $-0.89 | $1.24 | ||
| Q3 24 | $-1.33 | $-0.52 | ||
| Q2 24 | $-0.68 | $-0.76 | ||
| Q1 24 | $-1.38 | $-0.40 |
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 | $3.0B |
| 总债务越低越好 | $1.7B | $18.7B |
| 股东权益账面价值 | $-63.8M | $5.8B |
| 总资产 | $3.1B | $43.0B |
| 负债/权益比越低杠杆越低 | — | 3.24× |
8季度趋势，按日历期对齐
| Q4 25 | $148.5M | $3.0B | ||
| Q3 25 | $147.1M | $3.9B | ||
| Q2 25 | $213.7M | $4.3B | ||
| Q1 25 | $153.8M | $5.1B | ||
| Q4 24 | $198.5M | $5.5B | ||
| Q3 24 | $279.2M | $674.4M | ||
| Q2 24 | $384.4M | $520.6M | ||
| Q1 24 | $118.4M | $766.4M |
| Q4 25 | $1.7B | $18.7B | ||
| Q3 25 | — | $21.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | $1.5B | $25.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $951.0M |
| Q4 25 | $-63.8M | $5.8B | ||
| Q3 25 | $-39.2M | $7.0B | ||
| Q2 25 | $46.7M | $19.7B | ||
| Q1 25 | $142.8M | $20.0B | ||
| Q4 24 | $222.8M | $20.2B | ||
| Q3 24 | $323.6M | $19.4B | ||
| Q2 24 | $415.5M | $19.6B | ||
| Q1 24 | $500.6M | $19.8B |
| Q4 25 | $3.1B | $43.0B | ||
| Q3 25 | $3.1B | $45.3B | ||
| Q2 25 | $3.3B | $59.9B | ||
| Q1 25 | $3.1B | $60.6B | ||
| Q4 24 | $3.2B | $60.9B | ||
| Q3 24 | $3.2B | $57.5B | ||
| Q2 24 | $3.3B | $55.3B | ||
| Q1 24 | $3.1B | $55.6B |
| Q4 25 | — | 3.24× | ||
| Q3 25 | — | 3.13× | ||
| Q2 25 | — | 1.29× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | 6.53× | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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 | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | $-583.4M |
| 自由现金流率自由现金流/营收 | -17.9% | -15.4% |
| 资本支出强度资本支出/营收 | 15.4% | 4.2% |
| 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 | $-1.1B |
8季度趋势，按日历期对齐
| Q4 25 | $-6.0M | $-425.3M | ||
| Q3 25 | $3.1M | $111.7M | ||
| Q2 25 | $-44.0M | $7.5M | ||
| Q1 25 | $36.4M | $206.8M | ||
| Q4 24 | $14.5M | $45.6M | ||
| Q3 24 | $-20.2M | $276.2M | ||
| Q2 24 | $-22.2M | $479.7M | ||
| Q1 24 | $19.2M | $451.3M |
| Q4 25 | $-43.0M | $-583.4M | ||
| Q3 25 | $-33.1M | $-144.4M | ||
| Q2 25 | $-100.2M | $-285.7M | ||
| Q1 25 | $-21.7M | $-51.7M | ||
| Q4 24 | $-31.6M | $-298.7M | ||
| Q3 24 | $-79.5M | $-57.5M | ||
| Q2 24 | $-70.9M | $132.4M | ||
| Q1 24 | $-21.7M | $-68.4M |
| Q4 25 | -17.9% | -15.4% | ||
| Q3 25 | -13.7% | -4.0% | ||
| Q2 25 | -40.7% | -7.7% | ||
| Q1 25 | -8.8% | -1.3% | ||
| Q4 24 | -12.5% | -7.5% | ||
| Q3 24 | -30.9% | -1.5% | ||
| Q2 24 | -27.2% | 3.3% | ||
| Q1 24 | -8.1% | -1.7% |
| Q4 25 | 15.4% | 4.2% | ||
| Q3 25 | 15.0% | 7.1% | ||
| Q2 25 | 22.8% | 7.9% | ||
| Q1 25 | 23.5% | 6.7% | ||
| Q4 24 | 18.3% | 8.7% | ||
| Q3 24 | 23.0% | 8.6% | ||
| Q2 24 | 18.7% | 8.8% | ||
| Q1 24 | 15.4% | 12.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
