Cogent Communications Group Inc (CCOI)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,581,285 | 1,074,137 | 1,122,853 | 10,157 | 5,146 | 20,494 | 41,821 | 28,164 | 45,878 | 10,478 | -7,797 | 3,260 | -6,364 | 40,869 | 59,525 | 58,097 | 58,087 | 52,365 | 46,895 | 46,311 |
| 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 |
| Net profit margin | 178.50% | 146.45% | 182.79% | 1.89% | 1.05% | 5.16% | 10.57% | 7.14% | 10.95% | 2.02% | -1.52% | 0.64% | -1.30% | 7.87% | 11.57% | 11.43% | 11.59% | 10.55% | 9.52% | 9.48% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,581,285K ÷ $885,881K
= 178.50%
The net profit margin of Cogent Communications Holdings Inc has exhibited fluctuations over the past few quarters. In Q4 2023 and Q3 2023, the company reported unusually high net profit margins of 135.34% and 130.86%, respectively. These margins are significantly above 100%, which may indicate potential irregularities or errors in the reported figures.
In contrast, the net profit margin in Q2 2023 was also unusually high, at 161.47%, which could raise questions about the accuracy of the financial data. The sharp increase from Q1 2023, where the net profit margin was a mere 1.68%, is noteworthy and suggests a significant change in the company's profitability.
Looking back at Q4 2022 and Q3 2022, the net profit margins were relatively low at 0.86% and 3.83% respectively. However, there was a noticeable improvement in Q2 2022 and Q1 2022 with margins of 7.44% and 5.15% respectively.
Overall, the inconsistent and fluctuating net profit margins of Cogent Communications Holdings Inc raise concerns about the accuracy and reliability of their financial reporting. Further analysis and investigation may be needed to understand the factors driving these significant variations in profitability.
Peer comparison
Dec 31, 2023