Cogent Communications Group Inc (CCOI)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -129,328 | -33,331 | 45,322 | 109,492 | 113,964 | 122,623 | 123,084 | 121,729 | 119,236 | 110,435 | 107,915 | 107,278 | 106,837 | 107,493 | 107,256 | 101,704 | 100,254 | 94,532 | 90,988 | 90,320 |
| 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 |
| Operating profit margin | -14.60% | -4.54% | 7.38% | 20.35% | 23.27% | 30.88% | 31.12% | 30.88% | 28.46% | 21.30% | 20.98% | 21.10% | 21.76% | 20.69% | 20.84% | 20.00% | 20.01% | 19.04% | 18.47% | 18.49% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-129,328K ÷ $885,881K
= -14.60%
The operating profit margin for Cogent Communications Holdings Inc has demonstrated significant variability over the past eight quarters. The trend indicates a decline in the operating profit margin, as it has shifted from a positive figure of 19.25% in Q1 2022 to a negative value of -11.78% in Q4 2023. This downward trend suggests potential challenges in controlling operating expenses relative to revenues.
The company's operating profit margin peaked in Q1 2023 at 18.63%, but subsequently decreased in Q2 and Q3 2023. The significant decline in Q4 2023 to -11.78% raises concerns about the company's ability to generate profits from its core operations. Consistent monitoring and management of operating expenses may be necessary to improve the operating profit margin and restore profitability levels.
Peer comparison
Dec 31, 2023