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COGENT COMMUNICATIONS HOLDINGS, INC. CCOI

Nasdaq · stock · Communications Services, NEC · website · IPO 2002-02-05

COGENT COMMUNICATIONS HOLDINGS, INC. statistics & valuation

Market cap$671.5M
P / S0.7×
Dividend yield22.35%
Net margin-18.7%
FCF margin-20.3%
Net debt$1.6B
Net debt / EBITDA9.4×
Enterprise value USD$2.3B
EV / EBITDA13.3×
Earnings yield EBIT/EV-4.5%
Return on capital-3.5%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
135.30% -19.70% -18.70% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
14.30% 15.60% 16.60% 18.40% 18.80% 20.20% 19.00% -13.70% -19.10% -10.40% 2016201720182019202020212022202320242025
Return on equity (%)
208.90% -91.60% 2016201720182019202020212022202320242025
Shares outstanding
45.5M 46.0M 46.3M 46.8M 47.2M 47.7M 48.0M 48.6M 49.0M 50.1M 2016201720182019202020212022202320242025
Net debt ($)
$295.4M $328.0M $369.4M $398.7M $510.7M $578.2M $726.2M $874.9M $1.26B $1.58B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
39.70% -6.40% -5.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
14.00% 13.60% 16.10% 18.60% 14.90% 17.00% 15.80% -11.90% -19.70% -20.30% 2016201720182019202020212022202320242025
Debt / equity (×)
1.56× 6.53× 2016201720182019202020212022202320242025
EPS ($)
$0.33 $0.13 $0.63 $0.81 $0.13 $1.03 $0.11 $26.62 -$4.28 -$3.80 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

COGENT COMMUNICATIONS HOLDINGS, INC. trades at about 0.4× earnings — below its 10-year norm (10-year range 2.9×–1853×, median 303.7×).

0.4× 1853×

Shaded band = 10-year range (2.9×–1853×); dot = today's 0.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-10.4%-19.1%-13.7%19.0%20.2%18.8%18.4%16.6%15.6%14.3%
Net margin-18.7%-19.7%135.3%———————
FCF margin-20.3%-19.7%-11.9%15.8%17.0%14.9%18.6%16.1%13.6%14.0%
Return on assets-5.9%-6.4%39.7%———————
Return on equity285.3%-91.6%208.9%———————
Debt / equity-27.10×6.53×1.56×-1.83×-2.41×-3.01×-3.92×-4.33×-5.61×-10.70×
Current ratio2.041.901.383.045.064.835.304.654.114.82

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.