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

Cogent Communications brought in $975.8M of revenue in fiscal 2025, Viasat $4.6B in fiscal 2026. Revenue changed by -5.8% at Cogent Communications and +2.7% at Viasat on the year before, so Viasat grew faster. Cogent Communications kept -18.7% of its revenue as net profit, Viasat -0.7%.

Side by side, latest fiscal year

CCOIVSAT
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$975.8M$4.6B
Revenue growth-5.8%+2.7%
Net income-$182.2M-$34.1M
Net margin-18.7%-0.7%
Free cash flow-$198.1Mn/a
Free cash flow margin-20.3%n/a
Earnings per share (diluted)-$3.80-$0.25
Cash$148.5M$1.7B
Debt$1.7B$57.8M
Price to earningsn/an/a
Market value$393.8M$10.1B
Dividend yield39.66%n/a
Rank by revenue in sector#465 of 778 · Consumer discretionary#215 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: $975.8MVSAT FY2019: $2.1BVSAT FY2020: $2.3BVSAT FY2021: $1.9BVSAT FY2022: $2.4BVSAT FY2023: $2.6BVSAT FY2024: $4.3BVSAT FY2025: $4.5BVSAT FY2026: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CCOI $975.8MVSAT $4.6B
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: -$182.2MVSAT FY2019: -$67.6MVSAT FY2020: -$212KVSAT FY2021: $3.7MVSAT FY2022: -$15.5MVSAT FY2023: $1.1BVSAT FY2024: -$1.1BVSAT FY2025: -$575MVSAT FY2026: -$34.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CCOI -$182.2MVSAT -$34.1M
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%VSAT FY2019: -3.3%VSAT FY2020: -0.0%VSAT FY2021: 0.2%VSAT FY2022: -0.6%VSAT FY2023: 42.4%VSAT FY2024: -25.0%VSAT FY2025: -12.7%VSAT FY2026: -0.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CCOI -18.7%VSAT -0.7%
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%VSAT FY2020: +11.7%VSAT FY2021: -16.8%VSAT FY2022: +25.8%VSAT FY2023: +5.7%VSAT FY2024: +67.6%VSAT FY2025: +5.5%VSAT FY2026: +2.7%FY19FY20FY21FY22FY23FY24FY25FY26
CCOI -5.8%VSAT +2.7%
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: -$198.1MVSAT FY2019: -$309.3MVSAT FY2020: -$257MVSAT FY2021: -$100MVSAT FY2022: -$432.6MVSAT FY2023: -$709.1MFY18FY19FY20FY21FY22FY23FY24FY25
CCOI -$198.1MVSAT -$709.1M

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

Questions about Cogent Communications and Viasat

Which is bigger by revenue, Cogent Communications or Viasat?

Viasat is bigger by revenue: $4.6B in fiscal 2026, against $975.8M for Cogent Communications in fiscal 2025.

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

Cogent Communications had a net margin of -18.7% in fiscal 2025; Viasat had -0.7% in fiscal 2026.

Which grew revenue faster, Cogent Communications or Viasat?

In their latest fiscal years revenue changed by -5.8% at Cogent Communications and +2.7% at Viasat.

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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