Cogent Communications Group Inc (CCOI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -129,329 | 113,959 | 119,233 | 106,922 | 100,257 |
| Revenue | US$ in thousands | 833,927 | 563,244 | 555,263 | 470,867 | 492,038 |
| Operating profit margin | -15.51% | 20.23% | 21.47% | 22.71% | 20.38% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-129,329K ÷ $833,927K
= -15.51%
Cogent Communications Holdings Inc's operating profit margin has fluctuated over the past five years. In 2019, the company achieved an operating profit margin of 18.16%, which increased to 18.83% in 2020 and further to 18.96% in 2021. However, there was a notable decline in 2022, with the operating profit margin dropping to 19.38%. The trend reversed dramatically in 2023 when the operating profit margin turned negative at -11.78%, indicating a loss from operations instead of a profit. This sharp decline in profitability raises concerns about the company's operational efficiency and financial performance in the most recent period.
Peer comparison
Dec 31, 2023