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Cogent Communications vs EchoStar: revenue, profit, margins and growth compared

Cogent Communications brought in $975.8M of revenue in fiscal 2025, EchoStar $15B in fiscal 2025. Revenue changed by -5.8% at Cogent Communications and -5.2% at EchoStar on the year before, so EchoStar grew faster. Cogent Communications kept -18.7% of its revenue as net profit, EchoStar -96.6%. Free cash flow was -$198.1M at Cogent Communications and -$1.1B at EchoStar.

Side by side, latest fiscal year

CCOIECHO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$975.8M$15B
Revenue growth-5.8%-5.2%
Net income-$182.2M-$14.5B
Net margin-18.7%-96.6%
Free cash flow-$198.1M-$1.1B
Free cash flow margin-20.3%-7.1%
Earnings per share (diluted)-$3.80-$50.41
Cash$148.5M$1.9B
Debt$1.7B$26B
Price to earningsn/an/a
Market value$393.8M$26.2B
Dividend yield39.66%n/a
Rank by revenue in sector#465 of 778 · Consumer discretionary#89 of 778 · Consumer discretionary

Over the years

Revenue
CCOI FY2018: $520.2MCCOI FY2019: $546.2MCCOI FY2020: $568.1MCCOI FY2021: $589.8MCCOI FY2022: $599.6MCCOI FY2023: $940.9MCCOI FY2024: $1BCCOI FY2025: $975.8MECHO FY2018: $1.8BECHO FY2019: $1.9BECHO FY2020: $1.9BECHO FY2021: $19.8BECHO FY2022: $18.6BECHO FY2023: $17BECHO FY2024: $15.8BECHO FY2025: $15BFY18FY19FY20FY21FY22FY23FY24FY25
CCOI $975.8MECHO $15B
Net income
CCOI FY2018: $28.7MCCOI FY2019: $37.5MCCOI FY2020: $6.2MCCOI FY2021: $48.2MCCOI FY2022: $5.1MCCOI FY2023: $1.3BCCOI FY2024: -$204.1MCCOI FY2025: -$182.2MECHO FY2018: -$40.5MECHO FY2019: -$62.9MECHO FY2020: -$40.2MECHO FY2021: $2.5BECHO FY2022: $2.5BECHO FY2023: -$1.7BECHO FY2024: -$119.5MECHO FY2025: -$14.5BFY18FY19FY20FY21FY22FY23FY24FY25
CCOI -$182.2MECHO -$14.5B
Net margin
CCOI FY2018: 5.5%CCOI FY2019: 6.9%CCOI FY2020: 1.1%CCOI FY2021: 8.2%CCOI FY2022: 0.9%CCOI FY2023: 135.3%CCOI FY2024: -19.7%CCOI FY2025: -18.7%ECHO FY2018: -2.3%ECHO FY2019: -3.3%ECHO FY2020: -2.1%ECHO FY2021: 12.5%ECHO FY2022: 13.3%ECHO FY2023: -10.0%ECHO FY2024: -0.8%ECHO FY2025: -96.6%FY18FY19FY20FY21FY22FY23FY24FY25
CCOI -18.7%ECHO -96.6%
Revenue growth
CCOI FY2019: +5.0%CCOI FY2020: +4.0%CCOI FY2021: +3.8%CCOI FY2022: +1.7%CCOI FY2023: +56.9%CCOI FY2024: +10.1%CCOI FY2025: -5.8%ECHO FY2019: +7.0%ECHO FY2020: +0.1%ECHO FY2021: +949.8%ECHO FY2022: -6.0%ECHO FY2023: -8.7%ECHO FY2024: -7.0%ECHO FY2025: -5.2%FY19FY20FY21FY22FY23FY24FY25
CCOI -5.8%ECHO -5.2%
Free cash flow
CCOI FY2018: $84MCCOI FY2019: $101.9MCCOI FY2020: $84.4MCCOI FY2021: $100.3MCCOI FY2022: $94.7MCCOI FY2023: -$112.3MCCOI FY2024: -$203.6MCCOI FY2025: -$198.1MECHO FY2018: $179.4MECHO FY2019: $237.7MECHO FY2020: $125.6MECHO FY2021: $3BECHO FY2022: $570.7MECHO FY2023: -$668.3MECHO FY2024: -$292.2MECHO FY2025: -$1.1BFY18FY19FY20FY21FY22FY23FY24FY25
CCOI -$198.1MECHO -$1.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cogent Communications and EchoStar

Which is bigger by revenue, Cogent Communications or EchoStar?

EchoStar is bigger by revenue: $15B in fiscal 2025, against $975.8M for Cogent Communications in fiscal 2025.

Which keeps more of its revenue as profit, Cogent Communications or EchoStar?

Cogent Communications had a net margin of -18.7% in fiscal 2025; EchoStar had -96.6% in fiscal 2025.

Which grew revenue faster, Cogent Communications or EchoStar?

In their latest fiscal years revenue changed by -5.8% at Cogent Communications and -5.2% at EchoStar.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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