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

Cogent Communications brought in $975.8M of revenue in fiscal 2025, Globalstar $273M in fiscal 2025. Revenue changed by -5.8% at Cogent Communications and +9.0% at Globalstar on the year before, so Globalstar grew faster. Cogent Communications kept -18.7% of its revenue as net profit, Globalstar -3.2%.

Side by side, latest fiscal year

CCOIGSAT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$975.8M$273M
Revenue growth-5.8%+9.0%
Net income-$182.2M-$8.7M
Net margin-18.7%-3.2%
Free cash flow-$198.1Mn/a
Free cash flow margin-20.3%n/a
Earnings per share (diluted)-$3.80-$0.15
Cash$148.5M$447.5M
Debt$1.7B$483.8M
Price to earningsn/an/a
Market value$393.8M$10.7B
Dividend yield39.66%n/a
Rank by revenue in sector#465 of 778 · Consumer discretionary#628 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: $975.8MGSAT FY2018: $130.1MGSAT FY2019: $131.7MGSAT FY2020: $128.5MGSAT FY2021: $124.3MGSAT FY2022: $148.5MGSAT FY2023: $223.8MGSAT FY2024: $250.3MGSAT FY2025: $273MFY18FY19FY20FY21FY22FY23FY24FY25
CCOI $975.8MGSAT $273M
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: -$182.2MGSAT FY2018: -$6.5MGSAT FY2019: $15.3MGSAT FY2020: -$109.6MGSAT FY2021: -$112.6MGSAT FY2022: -$256.9MGSAT FY2023: -$24.7MGSAT FY2024: -$63.2MGSAT FY2025: -$8.7MFY18FY19FY20FY21FY22FY23FY24FY25
CCOI -$182.2MGSAT -$8.7M
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%GSAT FY2018: -5.0%GSAT FY2019: 11.6%GSAT FY2020: -85.3%GSAT FY2021: -90.6%GSAT FY2022: -173.0%GSAT FY2023: -11.0%GSAT FY2024: -25.2%GSAT FY2025: -3.2%FY18FY19FY20FY21FY22FY23FY24FY25
CCOI -18.7%GSAT -3.2%
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%GSAT FY2019: +1.2%GSAT FY2020: -2.5%GSAT FY2021: -3.3%GSAT FY2022: +19.5%GSAT FY2023: +50.7%GSAT FY2024: +11.9%GSAT FY2025: +9.0%FY19FY20FY21FY22FY23FY24FY25
CCOI -5.8%GSAT +9.0%
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: -$198.1MGSAT FY2018: -$1.4MGSAT FY2019: -$1.5MFY18FY19FY20FY21FY22FY23FY24FY25
CCOI -$198.1MGSAT -$1.5M

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

Questions about Cogent Communications and Globalstar

Which is bigger by revenue, Cogent Communications or Globalstar?

Cogent Communications is bigger by revenue: $975.8M in fiscal 2025, against $273M for Globalstar in fiscal 2025.

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

Cogent Communications had a net margin of -18.7% in fiscal 2025; Globalstar had -3.2% in fiscal 2025.

Which grew revenue faster, Cogent Communications or Globalstar?

In their latest fiscal years revenue changed by -5.8% at Cogent Communications and +9.0% at Globalstar.

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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