CCOI
Cogent Communications Holdings, Inc.
CCOI's outlook is improving, though it still trails on the overall score.
TMUS
T-Mobile US, Inc.
TMUS has the edge over CCOI overall, supported by lower modeled downside and stronger valuation.
CCOI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Strong |
CCOI's balance sheet is currently strong, and its revenue and profitability are stable, but its cash flow is under pressure.
TMUS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TMUS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
CCOI PE Valuation
CCOI has no meaningful PE right now: it lost money over the past year.
TMUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $171 | — |
| Current | 16x | $171 | — |
| Cheap | 21x | $218 | +27% |
| Fair | 26x | $274 | +60% |
| Expensive | 56x | $581 | +240% |
Historical ranges are pointers, not guarantees.
TMUS's PE is in its cheap range at 16x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
CCOI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect CCOI's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
TMUS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
TMUS has the edge over CCOI on the outlook, with more favorable revenue expectations.
CCOI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.70 | +$3.36 |
| Q2 2026 | -$0.95 | +$3.57 |
| Q1 2026 | -$3.54 | +$0.45 |
| Q4 2025 | -$3.80 | +$0.48 |
| Q3 2025 | -$4.06 | -725% |
| Q2 2025 | -$4.52 | -679% |
| Q1 2025 | -$3.99 | -116% |
| Q4 2024 | -$4.28 | -116% |
CCOI is still losing money, but far less than before: $0.70 per share over the past year, against $4.52 at its worst in mid-2025.
TMUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.49 | +30% |
| Q3 2026 | $10.37 | -0.2% |
| Q2 2026 | $9.56 | -9.7% |
| Q1 2026 | $9.41 | -8.1% |
| Q4 2025 | $9.72 | +0.6% |
| Q3 2025 | $10.39 | +18% |
| Q2 2025 | $10.59 | +33% |
| Q1 2025 | $10.24 | +39% |
| Q4 2024 | $9.66 | +39% |
TMUS has the edge over CCOI on earnings quality, reporting a profit while its opponent remains loss making.
CCOI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $231.2M | -4.4% |
| Q2 2026 | $235.6M | -4.3% |
| Q1 2026 | $239.2M | -3.2% |
| Q4 2025 | $240.5M | -4.7% |
| Q3 2025 | $241.9M | -5.9% |
| Q2 2025 | $246.2M | -5.5% |
| Q1 2025 | $247M | -7.2% |
| Q4 2024 | $252.3M | -7.3% |
CCOI's revenue has slid since its 2023 peak: $231M last quarter, down 4.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3% | +4.5 points |
| Q2 2026 | 50% | +63 points |
| Q1 2026 | -5.7% | +11 points |
| Q4 2025 | -4.7% | +8.5 points |
| Q3 2025 | -7.5% | +15 points |
| Q2 2025 | -13% | +5.3 points |
| Q1 2025 | -16% | +6 points |
| Q4 2024 | -13% | +12 points |
CCOI's operating margin was −3% last quarter, up 4.5 points from the same quarter a year ago.
TMUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $23.6B | +7.4% |
| Q2 2026 | $22.8B | +7.9% |
| Q1 2026 | $23.1B | +11% |
| Q4 2025 | $24.3B | +11% |
| Q3 2025 | $22B | +8.9% |
| Q2 2025 | $21.1B | +6.9% |
| Q1 2025 | $20.9B | +6.6% |
| Q4 2024 | $21.9B | +6.8% |
TMUS has the edge over CCOI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +3.4 points |
| Q2 2026 | 24% | -0.6 points |
| Q1 2026 | 19% | -3.5 points |
| Q4 2025 | 15% | -5.6 points |
| Q3 2025 | 21% | -3.2 points |
| Q2 2025 | 25% | +1.3 points |
| Q1 2025 | 23% | +2.6 points |
| Q4 2024 | 21% | +4 points |
TMUS has the edge over CCOI on profitability, with a higher operating margin.
CCOI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$32.5M | +$628K |
| Q2 2026 | -$35.3M | +$64.9M |
| Q1 2026 | -$31.4M | -$9.7M |
| Q4 2025 | -$43M | -$11.5M |
| Q3 2025 | -$33.2M | +$46.3M |
| Q2 2025 | -$100.2M | -$29.3M |
| Q1 2025 | -$21.7M | -$73K |
| Q4 2024 | -$31.6M | +$60.7M |
CCOI has burned cash in eight of the last eight quarters: −$142M over the past year, against −$187M the year before.
TMUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.1B | +5.3% |
| Q2 2026 | $4.8B | +4.4% |
| Q1 2026 | $4.6B | +4.6% |
| Q4 2025 | $4.2B | +25% |
| Q3 2025 | $4.8B | +15% |
| Q2 2025 | $4.6B | +32% |
| Q1 2025 | $4.4B | +79% |
| Q4 2024 | $3.3B | +2% |
TMUS has the edge over CCOI on cash generation, producing positive trailing cash flow while its opponent burns cash.
CCOI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -427K shares |
| 1 year | +0.8% | +398K shares |
| 3 years | +1.6% | +774K shares |
| 5 years | +2.4% | +1.1M shares |
| Available history | +4% | +1.9M shares |
CCOI has 48M diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2026 | $105.8M |
| Q4 2025 | — |
| Q3 2025 | $5.2M |
| Q2 2025 | $11.5M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2020 | $4.2M |
TMUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -10.8M shares |
| 1 year | -4.9% | -55M shares |
| 3 years | -8.8% | -103M shares |
| 5 years | -15% | -182M shares |
| Available history | +24% | +207M shares |
TMUS has the edge over CCOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.4B |
| Q2 2026 | $2.3B |
| Q1 2026 | $4.8B |
| Q4 2025 | $2.4B |
| Q3 2025 | $2.5B |
| Q2 2025 | $2.6B |
| Q1 2025 | $2.5B |
| Q4 2024 | $4.7B |
TMUS spent $12B buying back its own shares over the past year, down 1.7% from the year before.
CCOI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.6x | Net Cash |
| Q2 2026 | -0.6x | Net Cash |
| Q1 2026 | -0.8x | Net Cash |
| Q4 2025 | 9.4x | High |
| Q3 2023 | -0.7x | Net Cash |
| Q2 2023 | -1.1x | Net Cash |
| Q1 2023 | -0.9x | Net Cash |
| Q4 2022 | 3.5x | Elevated |
CCOI has the edge over TMUS on leverage, with a lower net debt burden relative to earnings.
TMUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.0x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | 2.4x | Moderate |
TMUS's net debt is less than a year of its operating earnings (EBITDA).
CCOI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.2 | Oversold |
| Stochastic | 3.5 | Oversold |
CCOI's weekly RSI is 26 (oversold) and its Stochastic is 4 (oversold).
TMUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 42.1 | Neutral |
TMUS's weekly RSI is 48 (neutral) and its Stochastic is 42 (neutral).
CCOI PE vs Communication Services Sector
| Metric | CCOI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
CCOI has no meaningful PE right now: it lost money over the past year.
TMUS PE vs Communication Services Sector
| Metric | TMUS | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | Same PE |
| PE % | 1 | 26 | 25 pts below |
TMUS is trading at 16x earnings, in line with the Communication Services sector's median of 16x.
CCOI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.86 | 43% below |
| 20 week MA | $9.25 | 58% below |
| 50 week MA | $15.9 | 75% below |
| 100 week MA | $33.8 | 88% below |
| 200 week MA | $50.9 | 92% below |
CCOI is in a downtrend: it's below all five of its weekly moving averages, and 92% below its 200-week average.
TMUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $159.1 | 7.5% above |
| 20 week MA | $172.0 | 0.5% below |
| 50 week MA | $187.8 | 8.9% below |
| 100 week MA | $212.9 | 20% below |
| 200 week MA | $188.7 | 9.4% below |
TMUS has the edge over CCOI on trend strength, trading above more of its moving averages.
CCOI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $65.6 | $59.6 | -9.2% |
| 2021 | $59.6 | $73.6 | +24% |
| 2022 | $73.6 | $57.2 | -22% |
| 2023 | $57.2 | $76.1 | +33% |
| 2024 | $76.1 | $75.8 | -0.4% |
| 2025 | $75.8 | $22.6 | -70% |
| 2026 YTD | $22.6 | $3.92 | -83% |
CCOI has finished lower in four of the last six years. It's down 83% so far in 2026.
TMUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.2 | $132.9 | +72% |
| 2021 | $132.9 | $119.9 | -9.8% |
| 2022 | $119.9 | $140.0 | +17% |
| 2023 | $140.0 | $160.3 | +15% |
| 2024 | $160.3 | $223.0 | +39% |
| 2025 | $223.0 | $201.0 | -9.9% |
| 2026 YTD | $201.0 | $171.0 | -15% |
TMUS has the edge over CCOI on returns for 2026, with the stronger performance.