Cogent Communications Group Inc (CCOI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,527,471 | 1,051,855 | 1,115,163 | 35,351 | 26,377 | 37,316 | 66,378 | 44,589 | 69,112 | 26,310 | -2,269 | 11,101 | -2,265 | 48,915 | 74,425 | 73,306 | 73,242 | 67,979 | 60,449 | 59,439 |
| 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 |
| Pretax margin | 172.42% | 143.41% | 181.54% | 6.57% | 5.38% | 9.40% | 16.78% | 11.31% | 16.50% | 5.08% | -0.44% | 2.18% | -0.46% | 9.42% | 14.46% | 14.42% | 14.62% | 13.69% | 12.27% | 12.17% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,527,471K ÷ $885,881K
= 172.42%
The pretax margin for Cogent Communications Holdings Inc has shown significant volatility over the past eight quarters. In Q4 2023, the pretax margin was exceptionally high at 129.60%, indicating that the company generated $1.30 in pretax profit for every dollar of revenue. This marked a substantial improvement from the previous quarter's 128.15%.
Prior to the recent high margins, the company experienced fluctuating performance, with Q2 2023 recording a notably high pretax margin of 160.37%, while Q1 2023 and Q4 2022 had much lower margins of 5.85% and 4.40%, respectively. These low margins suggest that the company's profits before tax were relatively slim in those periods.
Analyzing further back, Q3 2022, Q2 2022, and Q1 2022 exhibited more moderate pretax margins of 6.66%, 11.59%, and 7.92%, respectively. It is apparent that the pretax margin of Cogent Communications Holdings Inc has experienced substantial fluctuations, indicating potential shifts in the company's operational efficiency and profitability over the analyzed period.
Peer comparison
Dec 31, 2023