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

Cogent Communications brought in $975.8M of revenue in fiscal 2025, Iridium Communications $871.7M in fiscal 2025. Revenue changed by -5.8% at Cogent Communications and +4.9% at Iridium Communications on the year before, so Iridium Communications grew faster. Cogent Communications kept -18.7% of its revenue as net profit, Iridium Communications 13.1%. Free cash flow was -$198.1M at Cogent Communications and $299.8M at Iridium Communications.

Side by side, latest fiscal year

CCOIIRDM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$975.8M$871.7M
Revenue growth-5.8%+4.9%
Net income-$182.2M$114.4M
Net margin-18.7%13.1%
Free cash flow-$198.1M$299.8M
Free cash flow margin-20.3%34.4%
Earnings per share (diluted)-$3.80$1.06
Cash$148.5M$96.5M
Debt$1.7B$1.8B
Price to earningsn/a46.0
Market value$393.8M$5.2B
Dividend yield39.66%n/a
Rank by revenue in sector#465 of 778 · Consumer discretionary#485 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: $975.8MIRDM FY2018: $523MIRDM FY2019: $560.4MIRDM FY2020: $583.4MIRDM FY2021: $614.5MIRDM FY2022: $721MIRDM FY2023: $790.7MIRDM FY2024: $830.7MIRDM FY2025: $871.7MFY18FY19FY20FY21FY22FY23FY24FY25
CCOI $975.8MIRDM $871.7M
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: -$182.2MIRDM FY2018: -$13.4MIRDM FY2019: -$162MIRDM FY2020: -$56.1MIRDM FY2021: -$9.3MIRDM FY2022: $8.7MIRDM FY2023: $15.4MIRDM FY2024: $112.8MIRDM FY2025: $114.4MFY18FY19FY20FY21FY22FY23FY24FY25
CCOI -$182.2MIRDM $114.4M
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%IRDM FY2018: -2.6%IRDM FY2019: -28.9%IRDM FY2020: -9.6%IRDM FY2021: -1.5%IRDM FY2022: 1.2%IRDM FY2023: 1.9%IRDM FY2024: 13.6%IRDM FY2025: 13.1%FY18FY19FY20FY21FY22FY23FY24FY25
CCOI -18.7%IRDM 13.1%
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%IRDM FY2019: +7.2%IRDM FY2020: +4.1%IRDM FY2021: +5.3%IRDM FY2022: +17.3%IRDM FY2023: +9.7%IRDM FY2024: +5.1%IRDM FY2025: +4.9%FY19FY20FY21FY22FY23FY24FY25
CCOI -5.8%IRDM +4.9%
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: -$198.1MIRDM FY2018: -$127.7MIRDM FY2019: $80.3MIRDM FY2020: $211.1MIRDM FY2021: $260.7MIRDM FY2022: $273.5MIRDM FY2023: $241.4MIRDM FY2024: $306.1MIRDM FY2025: $299.8MFY18FY19FY20FY21FY22FY23FY24FY25
CCOI -$198.1MIRDM $299.8M

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

Questions about Cogent Communications and Iridium Communications

Which is bigger by revenue, Cogent Communications or Iridium Communications?

Cogent Communications is bigger by revenue: $975.8M in fiscal 2025, against $871.7M for Iridium Communications in fiscal 2025.

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

Cogent Communications had a net margin of -18.7% in fiscal 2025; Iridium Communications had 13.1% in fiscal 2025.

Which grew revenue faster, Cogent Communications or Iridium Communications?

In their latest fiscal years revenue changed by -5.8% at Cogent Communications and +4.9% at Iridium Communications.

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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