Cogent Communications vs Iridium Communications
Cogent Communications reported revenue of $976 million in fiscal 2025, about the same as Iridium Communications' $872 million in fiscal 2025. Cogent Communications' revenue fell 5.8% in its latest year, and Iridium Communications' grew 4.9%. Cogent Communications had an operating margin of -10.4%, against 27.1% at Iridium Communications. Free cash flow was −$198 million at Cogent Communications and $300 million at Iridium Communications.
Side by side
| Cogent Communications | Iridium Communications | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $976M | $872M |
| Revenue growth | −5.8% | 4.9% |
| Revenue growth a year, last 5 years | 11.4% | 8.4% |
| Gross margin | 45.2% | — |
| Operating margin | −10.4% | 27.1% |
| Net margin | −18.7% | 13.1% |
| Free cash flow | −$198M | $300M |
| Free cash flow margin | −20.3% | 34.4% |
| Return on capital | −3.8% | 8.7% |
| Net debt to EBITDA | 13.0x | 3.7x |
| Dividends and buybacks | $167M | $249M |
| Change in diluted share count | 0.6% | −10.0% |
| Last close | $7.36 | $44.52 |
| P/E at the last close | — | 29.5× |
| Insider trades, last 12 months | sold $995,500 | bought $871,300, sold $20.4 million |
| Piotroski F-score | 4 of 9 | 7 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Cogent CommunicationsIridium Communications
Operating margin
Percent of revenue
Cogent CommunicationsIridium Communications
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cogent CommunicationsIridium Communications
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cogent Communications and Iridium Communications pages.