Cogent Communications Group Inc (CCOI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -204,074 | 1,273,440 | 5,146 | 48,185 | 6,216 |
| Revenue | US$ in thousands | 783,813 | 940,922 | 599,604 | 589,797 | 568,103 |
| Net profit margin | -26.04% | 135.34% | 0.86% | 8.17% | 1.09% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-204,074K ÷ $783,813K
= -26.04%
The net profit margin of Cogent Communications Group Inc has exhibited significant fluctuations over the past five years. In December 31, 2020, the net profit margin was at 1.09%, reflecting a relatively low profitability level. There was a notable improvement in profitability by December 31, 2021, with the net profit margin increasing to 8.17%.
However, the net profit margin dipped significantly by December 31, 2022, falling to 0.86%, indicating a decline in profitability. The following year, in December 31, 2023, there was a substantial surge in net profit margin to 135.34%, suggesting a remarkable increase in profitability.
Nevertheless, by December 31, 2024, the net profit margin took a sharp downturn, dropping to -26.04%. A negative net profit margin typically indicates that the company incurred a net loss during that period, which raises concerns about its financial performance and efficiency in generating profits. The fluctuating trend in net profit margin warrants further evaluation of Cogent Communications Group Inc's financial health and operational effectiveness.
Peer comparison
Dec 31, 2024