Cogent Communications Valuation Multiples

Cogent Communications Overview

About Cogent Communications

Cogent carries over one-fifth of the world's internet traffic on its network, providing high-capacity services to 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.

Founded

1999

HQ

Employees

1.8K

Website

cogentco.com

Sectors

Telecom Service Providers

Financials (LTM)

Revenue: $977M

EBITDA: $299M

EV

$4B

Valuation Multiples

Multiples.vc

Start free trial

Cogent Communications Financials

Cogent Communications reported last 12-month revenue of $977M and EBITDA of $299M.

In the same LTM period, Cogent Communications generated $447M in gross profit, $299M in EBITDA, and had net loss of ($181M).

Cogent Communications P&L

In the most recent fiscal year, Cogent Communications reported revenue of $976M and EBITDA of $293M.

Cogent Communications expects next 12-month revenue of XXX and NTM EBITDA of XXX

Cogent Communications Stock Performance

Cogent Communications has current market cap of $1B, and enterprise value of $4B.

Cogent Communications' stock price is $22.20.

Cogent Communications Valuation Multiples

Cogent Communications trades at 3.7x EV/Revenue multiple, and 12.1x EV/EBITDA.

Cogent Communications Financial Valuation Multiples

As of March 15, 2026, Cogent Communications has market cap of $1B and EV of $4B.

Equity research analysts estimate Cogent Communications' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Cogent Communications has a P/E ratio of (6.1x).

Cogent Communications Margins & Growth Rates

Cogent Communications' revenue in the last 12 month grew by 2%.

Cogent Communications' revenue per employee in the last FY averaged $0.5M.

Cogent Communications' rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Cogent Communications' rule of X is 35% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Cogent Communications Public Comps

See public comps and valuation multiples for other Telecom Service Providers comps.

Cogent Communications M&A Activity

Cogent Communications acquired XXX companies to date.

Last acquisition by Cogent Communications was on XXXXXXXX, XXXXX. Cogent Communications acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Cogent Communications Investment Activity

Cogent Communications invested in XXX companies to date.

Cogent Communications made its latest investment on XXXXXXXX, XXXXX. Cogent Communications invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).