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Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings, where the firm provides two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for nearly half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US.
1999
1.9K+
LTM Revenue $1.0B
LTM EBITDA $337M
$4.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Cogent Communications has a last 12-month revenue (LTM) of $1.0B and a last 12-month EBITDA of $337M.
In the most recent fiscal year, Cogent Communications achieved revenue of $1.0B and an EBITDA of $162M.
Cogent Communications expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Cogent Communications valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.0B | XXX | $1.0B | XXX | XXX | XXX |
| Gross Profit | $434M | XXX | $394M | XXX | XXX | XXX |
| Gross Margin | 43% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $337M | XXX | $162M | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 16% | XXX | XXX | XXX |
| EBIT | -$146M | XXX | -$180M | XXX | XXX | XXX |
| EBIT Margin | -14% | XXX | -17% | XXX | XXX | XXX |
| Net Profit | -$193M | XXX | -$204M | XXX | XXX | XXX |
| Net Margin | -19% | XXX | -20% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $1.2B | XXX | XXX | XXX |
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As of July 11, 2025, Cogent Communications's stock price is $49.
Cogent Communications has current market cap of $2.4B, and EV of $4.6B.
See Cogent Communications trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.6B | $2.4B | XXX | XXX | XXX | XXX | $-4.04 |
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Start Free TrialAs of July 11, 2025, Cogent Communications has market cap of $2.4B and EV of $4.6B.
Cogent Communications's trades at 4.5x EV/Revenue multiple, and 28.7x EV/EBITDA.
Equity research analysts estimate Cogent Communications's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cogent Communications has a P/E ratio of -12.6x.
See valuation multiples for Cogent Communications and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.4B | XXX | $2.4B | XXX | XXX | XXX |
| EV (current) | $4.6B | XXX | $4.6B | XXX | XXX | XXX |
| EV/Revenue | 4.6x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBITDA | 13.8x | XXX | 28.7x | XXX | XXX | XXX |
| EV/EBIT | -31.9x | XXX | -25.8x | XXX | XXX | XXX |
| EV/Gross Profit | 10.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | -12.6x | XXX | -11.9x | XXX | XXX | XXX |
| EV/FCF | -52.3x | XXX | -22.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialCogent Communications's last 12 month revenue growth is 3%
Cogent Communications's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.3M for the same period.
Cogent Communications's rule of 40 is 168% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cogent Communications's rule of X is 39% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Cogent Communications and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | -54% | XXX | XXX | XXX |
| Rule of 40 | 168% | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 55% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| e& | XXX | XXX | XXX | XXX | XXX | XXX |
| Space42 | XXX | XXX | XXX | XXX | XXX | XXX |
| Jordan Telecom | XXX | XXX | XXX | XXX | XXX | XXX |
| KPN | XXX | XXX | XXX | XXX | XXX | XXX |
| Globalstar | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cogent Communications acquired XXX companies to date.
Last acquisition by Cogent Communications was XXXXXXXX, XXXXX XXXXX XXXXXX . Cogent Communications acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Cogent Communications founded? | Cogent Communications was founded in 1999. |
| Where is Cogent Communications headquartered? | Cogent Communications is headquartered in United States of America. |
| How many employees does Cogent Communications have? | As of today, Cogent Communications has 1.9K+ employees. |
| Who is the CEO of Cogent Communications? | Cogent Communications's CEO is Mr. David Schaeffer. |
| Is Cogent Communications publicy listed? | Yes, Cogent Communications is a public company listed on NAS. |
| What is the stock symbol of Cogent Communications? | Cogent Communications trades under CCOI ticker. |
| When did Cogent Communications go public? | Cogent Communications went public in 2002. |
| Who are competitors of Cogent Communications? | Similar companies to Cogent Communications include e.g. e&, Space42, Jordan Telecom, KPN. |
| What is the current market cap of Cogent Communications? | Cogent Communications's current market cap is $2.4B |
| What is the current revenue of Cogent Communications? | Cogent Communications's last 12 months revenue is $1.0B. |
| What is the current revenue growth of Cogent Communications? | Cogent Communications revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Cogent Communications? | Current revenue multiple of Cogent Communications is 4.6x. |
| Is Cogent Communications profitable? | Yes, Cogent Communications is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cogent Communications? | Cogent Communications's last 12 months EBITDA is $337M. |
| What is Cogent Communications's EBITDA margin? | Cogent Communications's last 12 months EBITDA margin is 33%. |
| What is the current EV/EBITDA multiple of Cogent Communications? | Current EBITDA multiple of Cogent Communications is 13.8x. |
| What is the current FCF of Cogent Communications? | Cogent Communications's last 12 months FCF is -$88.7M. |
| What is Cogent Communications's FCF margin? | Cogent Communications's last 12 months FCF margin is -9%. |
| What is the current EV/FCF multiple of Cogent Communications? | Current FCF multiple of Cogent Communications is -52.3x. |
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