Cogent Communications vs Uniti Group
Uniti Group reported revenue of $2.2 billion in fiscal 2025, 2.3 times Cogent Communications' $976 million in fiscal 2025. Cogent Communications' revenue fell 5.8% in its latest year, and Uniti Group's grew 91.5%. Cogent Communications had an operating margin of -10.4%, against 11.7% at Uniti Group. Free cash flow was −$198 million at Cogent Communications and −$438 million at Uniti Group.
Side by side
| Cogent Communications | Uniti Group | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $976M | $2.2B |
| Revenue growth | −5.8% | 91.5% |
| Revenue growth a year, last 5 years | 11.4% | — |
| Gross margin | 45.2% | — |
| Operating margin | −10.4% | 11.7% |
| Net margin | −18.7% | 58.4% |
| Free cash flow | −$198M | −$438M |
| Free cash flow margin | −20.3% | −19.6% |
| Return on capital | −3.8% | 4.0% |
| Net debt to EBITDA | 13.0x | 10.3x |
| Dividends and buybacks | $167M | $0M |
| Change in diluted share count | 0.6% | 86.2% |
| Last close | $7.36 | $4.85 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $995,500 | sold $58,575 |
| Piotroski F-score | 4 of 9 | — |
Amounts in each company's own currency, US$ 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 CommunicationsUniti Group
Operating margin
Percent of revenue
Cogent CommunicationsUniti Group
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cogent CommunicationsUniti Group
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 Uniti Group pages.