Cogent Communications Holdings vs Globalstar
Cogent Communications Holdings is the larger business, with $976m of revenue in fiscal 2025 against $273m for Globalstar (3.6 times as much). Globalstar grew faster (9.0% against -5.8%). Globalstar kept more of each dollar of sales as profit: a net margin of -3.2% against -18.7%.
| Latest fiscal year | Cogent Communications HoldingsCCOI, 2025 | GlobalstarGSAT, 2025 |
|---|---|---|
| Revenue | $976m | $273m |
| Revenue growth | -5.8% | 9.0% |
| Net income | −$182m | −$8.7m |
| Operating margin | -10.4% | 2.7% |
| Net margin | -18.7% | -3.2% |
| Return on equity | — | -2.4% |
| Free cash flow | −$198m | $616m |
| Cash | $149m | $447m |
| Total debt | $1.73bn | $484m |
| Debt to equity | — | 136.0% |
| Dividend per share | $3.05 | — |
| Dividend yield | 17.7% | 0.1% |
| Share buybacks | $16.7m | — |
| Employees | 1,833 | 477 |
| Market value | $307m | $10.85bn |
| Price vs our value range | — | Within our value range |
| Moat score | 60 (Moderate) | 38 (Weak) |
| Insider trades, 12 months | 0 buys, 15 sales | 1 buys, 40 sales |