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Calix vs Cogent Communications Holdings: CALX and CCOI compared
Calix is the larger company: $302M of revenue in its latest quarter (Q3 2026) against $231M for Cogent Communications Holdings (Q3 2026). Calix is growing faster (+14% against -4% a year earlier). Calix is more profitable, with an operating margin of 5.5% against -3.0%.
Where the money goes: CALX and CCOI
Calix (CALX) · Q3 2026
Calix, Q3 2026: revenue $302M (+14% year over year), operating margin 5.5%, net earnings $10.2M, operating cash flow $6.3M. The chart follows the revenue to costs, profit and cash.
Cogent Communications Holdings (CCOI) · Q3 2026
Cogent Communications Holdings, Q3 2026: revenue $231M (-4% year over year), operating margin -3.0%, net loss $29.8M, operating cash flow $3.8M. The chart follows the revenue to costs, profit and cash.
| Calix (CALX) | Cogent Communications Holdings (CCOI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $302M | $231M |
| Revenue growth, Y/Y | +14% | -4% |
| Gross margin | 53.3% | — |
| Operating margin | 5.5% | -3.0% |
| Net earnings | $10.2M | −$29.8M |
| Net margin | 3.4% | -12.9% |
| Operating cash flow | $6.3M | $3.8M |
| Free cash flow | $3.4M | — |
| Market value | $2.4B | $414M |
| P/E | 54.0× | — |
| Analysts’ mean target | $62.33 | $11.63 |
Where the revenue comes from
Calix
- Appliance: $250M (83%)
- Software and service: $51.9M (17%)
Cogent Communications Holdings
- On-net: $138M (60%)
- Off-net: $76.6M (33%)
- Wavelength: $16.0M (7%)
Questions
Which is bigger, Calix or Cogent Communications Holdings?
Calix is the larger company: $302M of revenue in its latest quarter (Q3 2026) against $231M for Cogent Communications Holdings (Q3 2026).
Is Calix or Cogent Communications Holdings growing faster?
Calix is growing faster (+14% against -4% a year earlier).
Which is more profitable, Calix or Cogent Communications Holdings?
Calix is more profitable, with an operating margin of 5.5% against -3.0%.
More: Calix earnings · how Calix makes money · Cogent Communications Holdings earnings · how Cogent Communications Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.