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

Cogent Communications brought in $975.8M of revenue in fiscal 2025, Gogo $910.5M in fiscal 2025. Revenue changed by -5.8% at Cogent Communications and +104.7% at Gogo on the year before, so Gogo grew faster. Cogent Communications kept -18.7% of its revenue as net profit, Gogo 1.4%. Free cash flow was -$198.1M at Cogent Communications and $65.1M at Gogo.

Side by side, latest fiscal year

CCOIGOGO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$975.8M$910.5M
Revenue growth-5.8%+104.7%
Net income-$182.2M$12.9M
Net margin-18.7%1.4%
Free cash flow-$198.1M$65.1M
Free cash flow margin-20.3%7.2%
Earnings per share (diluted)-$3.80$0.09
Cash$148.5M$125.2M
Debt$1.7B$836.1M
Price to earningsn/a25.6
Market value$393.8M$311.7M
Dividend yield39.66%n/a
Rank by revenue in sector#465 of 778 · Consumer discretionary#478 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: $975.8MGOGO FY2018: $290.2MGOGO FY2019: $309MGOGO FY2020: $269.7MGOGO FY2021: $335.7MGOGO FY2022: $404.1MGOGO FY2023: $397.6MGOGO FY2024: $444.7MGOGO FY2025: $910.5MFY18FY19FY20FY21FY22FY23FY24FY25
CCOI $975.8MGOGO $910.5M
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: -$182.2MGOGO FY2018: -$162MGOGO FY2019: -$146MGOGO FY2020: -$250MGOGO FY2021: $152.7MGOGO FY2022: $92.1MGOGO FY2023: $145.7MGOGO FY2024: $13.7MGOGO FY2025: $12.9MFY18FY19FY20FY21FY22FY23FY24FY25
CCOI -$182.2MGOGO $12.9M
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%GOGO FY2018: -55.8%GOGO FY2019: -47.3%GOGO FY2020: -92.7%GOGO FY2021: 45.5%GOGO FY2022: 22.8%GOGO FY2023: 36.6%GOGO FY2024: 3.1%GOGO FY2025: 1.4%FY18FY19FY20FY21FY22FY23FY24FY25
CCOI -18.7%GOGO 1.4%
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%GOGO FY2019: +6.5%GOGO FY2020: -12.7%GOGO FY2021: +24.5%GOGO FY2022: +20.4%GOGO FY2023: -1.6%GOGO FY2024: +11.9%GOGO FY2025: +104.7%FY19FY20FY21FY22FY23FY24FY25
CCOI -5.8%GOGO +104.7%
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: -$198.1MGOGO FY2018: -$85MGOGO FY2019: $62.6MGOGO FY2020: $2.7MGOGO FY2021: $62.4MGOGO FY2022: $59.5MGOGO FY2023: $62.7MGOGO FY2024: $27.9MGOGO FY2025: $65.1MFY18FY19FY20FY21FY22FY23FY24FY25
CCOI -$198.1MGOGO $65.1M

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

Questions about Cogent Communications and Gogo

Which is bigger by revenue, Cogent Communications or Gogo?

Cogent Communications is bigger by revenue: $975.8M in fiscal 2025, against $910.5M for Gogo in fiscal 2025.

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

Cogent Communications had a net margin of -18.7% in fiscal 2025; Gogo had 1.4% in fiscal 2025.

Which grew revenue faster, Cogent Communications or Gogo?

In their latest fiscal years revenue changed by -5.8% at Cogent Communications and +104.7% at Gogo.

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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