Cogent Communications Group Inc (CCOI)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 173,774 | -87,479 | 13,787 | 107,758 | 67,496 | 83,549 | 83,992 | 81,613 | 106,543 | 78,543 | 77,592 | 76,806 | 64,005 | 163,758 | 163,391 | 157,973 | 160,900 | 123,610 | 124,723 | 127,331 |
| Revenue (ttm) | US$ in thousands | 885,881 | 733,464 | 614,285 | 538,104 | 489,832 | 397,049 | 395,575 | 394,246 | 418,982 | 518,354 | 514,417 | 508,379 | 491,056 | 519,427 | 514,624 | 508,398 | 500,977 | 496,575 | 492,525 | 488,426 |
| Gross profit margin | 19.62% | -11.93% | 2.24% | 20.03% | 13.78% | 21.04% | 21.23% | 20.70% | 25.43% | 15.15% | 15.08% | 15.11% | 13.03% | 31.53% | 31.75% | 31.07% | 32.12% | 24.89% | 25.32% | 26.07% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $173,774K ÷ $885,881K
= 19.62%
Cogent Communications Holdings Inc has displayed a declining trend in gross profit margin over the past quarters, with figures showing 42.16% in Q4 2023, a notable drop from 48.01% in Q3 2023 and continuing the downward trajectory from 55.37% in Q2 2023 and 62.03% in Q1 2023. This trend contrasts with the relatively stable gross profit margin around the 61-62% range observed in the earlier quarters of 2022. The decrease in the gross profit margin may suggest challenges in maintaining profitability amidst changing market conditions, pricing pressures, or cost management issues. Further investigation into the company's operational efficiency and financial performance drivers is warranted to assess the sustainability of the declining trend in the gross profit margin for Cogent Communications Holdings Inc.
Peer comparison
Dec 31, 2023