Cable One Inc. (CABO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$8	$2.75	-65.6%	—	$348.9M	—
Q1 26	$10.2	$6.85	-33.0%	—	$353M	—
Q4 25	$10.4	$10.4	-0.1%	—	$363.7M	—
Q3 25	$9.25	$18.9	+104.2%	—	$376M	—
Q2 25	$8.23	$7.73	-6.1%	—	$381.1M	—
Q1 25	$12.2	$12.6	+3.0%	—	$380.6M	—
Q4 24	$11.9	$18.8	+58.3%	—	$387.2M	—
Q3 24	$12.4	$10.8	-13.5%	—	$393.6M	—
Q2 24	$11.5	$10.3	-10.7%	—	$394.5M	—
Q1 24	$10.8	$10.2	-4.8%	—	$404.3M	—
Q4 23	$12.6	$12	-4.7%	—	$411.8M	—
Q3 23	$11.9	$6.55	-44.8%	—	$420.3M	—
Q2 23	$12.3	$9.36	-23.8%	—	$424M	—
Q1 23	$13.4	$9.62	-28.3%	—	$421.9M	—
Q4 22	$12	-$13.4	-211.2%	—	$425.5M	—
Q3 22	$12.5	$11.5	-7.5%	—	$424.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$63.2	—	—	$1.5B	—
FY24	—	$2.58	—	—	$1.6B	—
FY23	—	$39.8	—	—	$1.7B	—
FY22	—	$39.7	—	—	$1.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$819.3M	$960M	$1.1B	$1.2B	$1.3B	$1.6B	$1.7B	$1.7B	$1.6B	$1.5B
YoY change	+1.5%	+17.2%	+11.7%	+8.92%	+13.5%	+21.2%	+6.24%	-1.64%	-5.87%	-4.95%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	819.3M	960M	1.1B	1.2B	1.3B	1.6B	1.7B	1.7B	1.6B	1.5B
Cost of revenue	296.6M	337M	370.3M	388.6M	418.7M	455.4M	470.9M	440.9M	416.8M	392.1M
Gross profit	522.8M	622.9M	702M	779.4M	906.5M	1.2B	1.2B	1.2B	1.2B	1.1B
Gross margin	63.8%	64.9%	65.5%	66.7%	68.4%	71.6%	72.4%	73.7%	73.6%	73.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	185M	204.4M	222.2M	245.1M	255.2M	347.1M	350.3M	354.7M	366M	381.1M
Operating expenses	481.6M	541.4M	592.5M	633.7M	255.2M	347.1M	350.3M	354.7M	366M	381.1M
Operating income	189.9M	236.9M	282.1M	317.6M	385.7M	464.4M	534.4M	539.6M	455M	389.6M
Operating margin	23.2%	24.7%	26.3%	27.2%	29.1%	28.9%	31.3%	32.2%	28.8%	26%
Non-operating income, net	2.3M	94K	-9.7M	-12.1M	67.2M	-25.4M	-34.9M	23.4M	-72.8M	-566M
Pretax income	162M	190.1M	212M	233.8M	379.3M	337.1M	375.4M	411.4M	244.2M	-306.4M
Income tax	61.7M	-45M	47.2M	55.2M	76.3M	45.8M	119.7M	72.8M	25.2M	-87.9M
Net income	100.3M	235.2M	164.8M	178.6M	304.4M	291.8M	213.1M	224.6M	14.5M	-356.5M
Net margin	12.2%	24.5%	15.4%	15.3%	23%	18.2%	12.5%	13.4%	0.92%	-23.7%
EBITDA	342.9M	419.2M	484.3M	529.4M	635M	815M	898.5M	901.1M	875.4M	727.5M
EPS	17.2	41.2	29	31.4	51.7	48.5	39.7	39.8	2.58	-63.2
Diluted EPS	17.1	40.7	28.8	31.1	51.3	46.5	38.1	38.1	2.58	-63.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	420.3M	411.8M	404.3M	394.5M	393.6M	387.2M	380.6M	381.1M	376M	363.7M	353M	348.9M
Cost of revenue	109.7M	106.3M	106.5M	105.8M	104.6M	99.9M	99.9M	102.4M	96M	93.9M	93.9M	98.7M
Gross profit	310.7M	305.6M	297.8M	288.6M	289M	287.4M	280.8M	278.7M	280M	269.9M	259.1M	250.2M
Gross margin	73.9%	74.2%	73.7%	73.2%	73.4%	74.2%	73.8%	73.1%	74.5%	74.2%	73.4%	71.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	92.7M	89M	90.4M	90.8M	88.4M	96.4M	95.4M	92M	100.8M	92.9M	87.2M	87.6M
Operating expenses	92.7M	89M	90.4M	90.8M	88.4M	96.4M	95.4M	92M	100.8M	92.9M	87.2M	87.6M
Operating income	135M	129.2M	121.8M	112.5M	115.3M	105.4M	99.9M	100.6M	95.8M	93.4M	89.4M	80.8M
Operating margin	32.1%	31.4%	30.1%	28.5%	29.3%	27.2%	26.2%	26.4%	25.5%	25.7%	25.3%	23.1%
Non-operating income, net	-27.9M	64.7M	-9M	-3M	207K	-61M	-5.6M	-601.3M	70.7M	-29.9M	20.2M	-1B
Pretax income	68.6M	156.8M	77M	74.5M	81.3M	11.3M	59.8M	-534.6M	134.5M	33.9M	79.3M	-990.2M
Income tax	17.3M	25.8M	17.6M	14.1M	15.9M	-22.3M	203K	-117.6M	25.8M	3.7M	19.4M	-109.5M
Net income	30.3M	115.3M	37.4M	38.2M	44.2M	-105.2M	2.6M	-438M	86.5M	-7.6M	35.8M	-1.2B
Net margin	7.21%	28%	9.24%	9.67%	11.2%	-27.2%	0.68%	-114.9%	23%	-2.1%	10.1%	-333.8%
EBITDA	218M	221.8M	207.4M	197.8M	207.3M	262.8M	185.4M	186.8M	178.3M	177M	198.9M	161.7M
EPS	5.4	20.6	8.43	8.48	7.86	-18.7	0.46	-77.7	15.3	-1.35	6.29	-204.3
Diluted EPS	5.29	19.4	8.11	8.16	7.58	-18.7	0.46	-77.7	14.5	-1.35	6.12	-204.3

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	—	—	—	—	—	—	71.3M
Enterprise value	—	—	—	—	—	—	—	—	—	—	3B
Shares outstanding	5.7M	5.7M	5.7M	5.7M	5.9M	6M	5.9M	5.6M	5.6M	5.6M	5.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	—	—	—	—	59.9
P/S	—	—	—	—	—	—	—	—	—	—	0.06
P/B	—	—	—	—	—	—	—	—	—	—	0.25
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	4.3
EV/Sales	—	—	—	—	—	—	—	—	—	—	2.06
Earnings yield	—	—	—	—	—	—	—	—	—	—	1.67%
FCF yield	—	—	—	—	—	—	—	—	—	—	948.3%
PEG	—	—	—	—	—	—	—	—	—	—	0.37

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	63.8%	64.9%	65.5%	66.7%	68.4%	71.6%	72.4%	73.7%	73.6%	73.9%	71.7%
Operating margin	23.2%	24.7%	26.3%	27.2%	29.1%	28.9%	31.3%	32.2%	28.8%	26%	23.1%
Net margin	12.2%	24.5%	15.4%	15.3%	23%	18.2%	12.5%	13.4%	0.92%	-23.7%	-72.8%
ROE	21.4%	34.8%	21.2%	21.2%	20.4%	16.3%	12.3%	12.4%	0.81%	-24.9%	-126.2%
ROA	7.06%	10.7%	7.15%	5.67%	6.78%	4.2%	3.09%	3.32%	0.22%	-6.38%	4.32%
ROIC	13.5%	14%	13.1%	9.81%	9.91%	7.63%	6.82%	8.42%	7.79%	8.69%	11.2%
Return on tangible assets	39.1%	-330.7%	321.3%	-53.8%	28.8%	-40.5%	-67%	-73.8%	-3.44%	528.5%	-425.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.68	1.52	2.38	0.96	3.04	1.86	1.42	1.69	1.31	0.4	0.47
Quick ratio	1.68	1.52	2.38	0.96	3.04	1.86	1.42	1.69	1.31	0.4	0.48
Debt / equity	1.14	1.74	1.5	2.09	1.46	2.15	2.2	2.02	2	2.23	9.41
Debt / assets	0.38	0.53	0.5	0.56	0.49	0.55	0.55	0.54	0.55	0.57	0.66
Net debt / EBITDA	1.16	2.42	1.86	3.08	2.54	4.25	4.01	3.85	3.93	4.19	4.03
Interest coverage	6.36	5.06	4.51	4.26	6.15	3.97	3.73	3.42	2.77	-1.36	-4.91
Effective tax rate	38.1%	0%	22.3%	23.6%	20.1%	13.6%	31.9%	17.7%	10.3%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	142.7	169	188.6	205.7	225.2	266.8	289.5	297.1	281	266.2	254.3
EPS (basic)	17.2	41.2	29	31.4	51.7	48.5	39.7	39.8	2.58	-63.2	-63.2
EPS (diluted)	17.1	40.7	28.8	31.1	51.3	46.5	38.1	38.1	2.58	-63.2	-184.3
Book value per share	81.7	119.1	136.4	148.2	254.1	298	294.8	320.3	319.5	254.2	57.5
FCF per share	18.7	26.3	33.8	41.2	46	53.1	55.5	51.8	65.5	48.6	43.4
Cash per share	24	28.5	46.5	22.1	97.7	64.6	36.5	33.7	27.3	27.1	32.1
Capex per share	0.94	2.11	0.26	1.24	0.12	0.12	0.62	0.22	—	51.2	51.5

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.66%	1.25%	0.14%	0.6%	0.06%	0.04%	0.21%	0.07%	—	19.2%	20.4%
Capex / operating cash flow	2.02%	3.76%	0.37%	1.45%	0.12%	0.1%	0.55%	0.21%	—	51.3%	54.3%
Payout ratio	34.3%	15.8%	26%	27.2%	18.6%	21.7%	31.1%	29.5%	468.9%	-4.83%	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	93.8%

Yield

93.8%

trailing twelve months

Frequency

Quarterly

Last dividend

$2.95

ex-dividend Feb 18, 2025

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Feb 18, 2025	$2.95
Dec 3, 2024	$2.95
Aug 27, 2024	$2.95
May 24, 2024	$2.95
Feb 16, 2024	$2.95
Nov 27, 2023	$2.95
Aug 28, 2023	$2.95
May 26, 2023	$2.85

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$420.3M	$411.8M	$404.3M	$394.5M	$393.6M	$387.2M	$380.6M	$381.1M	$376M	$363.7M	$353M	$348.9M
YoY change	-1.03%	-3.22%	-4.17%	-6.97%	-6.37%	-5.97%	-5.86%	-3.39%	-4.46%	-6.06%	-7.26%	-8.44%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	138M	161.8M	264.1M	125.3M	574.9M	388.8M	215.2M	190.3M	153.6M	152.8M
Receivables	29.4M	25M	28.1M	33.5M	32.8M	41.9M	49M	72.1M	43.4M	45.7M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	186.5M	223.9M	317.9M	181.5M	672.8M	501M	346.7M	342.4M	279.2M	306.6M
Property, plant & equipment	554.3M	736.6M	747.4M	1.1B	1.2B	1.7B	1.6B	1.7B	1.7B	1.6B
Goodwill & intangibles	1.2B	2.3B	2.3B	3.5B	3.4B	7.7B	7.2B	7.1B	6.9B	5.7B
Total assets	1.4B	2.2B	2.3B	3.2B	4.5B	7B	6.9B	6.8B	6.5B	5.6B
Accounts payable	17.1M	21.7M	20.8M	36.4M	22.7M	35.7M	39.6M	45M	31.9M	28.1M
Short-term debt	6.3M	14.4M	20.6M	33.5M	30.2M	44.5M	59.9M	22.4M	21.5M	596.1M
Total current liabilities	111.1M	147.2M	133.7M	189.5M	221.6M	269.1M	244.2M	202.8M	213.9M	759.3M
Long-term debt	530.9M	1.2B	1.1B	1.7B	2.2B	3.8B	3.8B	3.6B	3.6B	2.6B
Total liabilities	951.8M	1.5B	1.5B	2.3B	3B	5.2B	5.1B	5B	4.7B	4.2B
Shareholders' equity	469.3M	676.4M	775.4M	841.6M	1.5B	1.8B	1.7B	1.8B	1.8B	1.4B
Total debt	537.1M	1.2B	1.2B	1.8B	2.2B	3.9B	3.8B	3.7B	3.6B	3.2B
Net debt	399.1M	1B	898.6M	1.6B	1.6B	3.5B	3.6B	3.5B	3.4B	3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	239.6M	190.3M	210.7M	201.5M	226.6M	153.6M	149.1M	152.9M	166.6M	152.8M	165.6M	166.2M
Receivables	70M	72.1M	48.7M	51.2M	44.5M	43.4M	37.8M	46.4M	46.4M	45.7M	46.6M	52.7M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	394.4M	342.4M	347.3M	338.7M	335.1M	279.2M	282.4M	287.4M	300.5M	306.6M	300.4M	283.6M
Property, plant & equipment	1.6B	1.7B	1.7B	1.7B	1.7B	1.7B	1.6B	1.6B	1.6B	1.6B	1.7B	1.7B
Goodwill & intangibles	7.1B	7.1B	7B	7B	7B	6.9B	6.9B	5.7B	5.7B	5.7B	5.6B	4.4B
Total assets	6.9B	6.8B	6.8B	6.8B	6.7B	6.5B	6.4B	5.8B	5.7B	5.6B	5.5B	4.6B
Accounts payable	42.9M	45M	37.3M	33.2M	33M	31.9M	33.8M	30M	34.1M	28.1M	33.1M	25.6M
Short-term debt	22.5M	22.4M	22.2M	21.9M	21.9M	21.5M	596.4M	596.2M	596.1M	596.1M	20.9M	20.7M
Total current liabilities	218.2M	202.8M	186.7M	187.5M	359.8M	213.9M	775.5M	776.9M	781.2M	759.3M	171.2M	596.9M
Long-term debt	3.7B	3.6B	3.6B	3.5B	3.5B	3.6B	3B	2.9B	2.7B	2.6B	3.1B	3B
Total liabilities	5.1B	5B	4.9B	4.9B	4.8B	4.7B	4.6B	4.4B	4.3B	4.2B	4.1B	4.3B
Shareholders' equity	1.8B	1.8B	1.9B	2B	1.9B	1.8B	1.8B	1.3B	1.4B	1.4B	1.5B	326.4M
Total debt	3.7B	3.7B	3.6B	3.5B	3.5B	3.6B	3.6B	3.5B	3.3B	3.2B	3.1B	3.1B
Net debt	3.5B	3.5B	3.4B	3.3B	3.3B	3.4B	3.4B	3.3B	3.1B	3B	2.9B	2.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	100.3M	235.2M	164.8M	178.6M	304.4M	291.8M	213.1M	224.6M	14.5M	-356.5M
Depreciation & amortization	147.8M	181.6M	197.7M	216.7M	265.7M	339M	350.5M	342.9M	341.8M	338.5M
Stock-based compensation	12.3M	10.7M	10.5M	12.3M	14.6M	20.1M	22.5M	29.4M	31.7M	42.6M
Change in working capital	7.2M	-25.3M	-16.4M	18.6M	-50M	20M	6.5M	-15M	36.9M	-6M
Operating cash flow	267.8M	318.8M	395.8M	485M	632.3M	677.7M	663.7M	588.9M	375.5M	563.3M
Capital expenditure	5.4M	12M	1.5M	7M	730K	708K	3.6M	1.2M	—	-289M
Investing cash flow	-10.8M	-716M	1.5M	-876.4M	-651M	-2.2B	-37.5M	28.6M	-314M	-155M
Dividends paid	-34.4M	-37.2M	-42.9M	-48.5M	-56.6M	-63.5M	-66.3M	-66.3M	-67.9M	-17.2M
Share repurchases	-56.4M	-528K	-26.6M	-5.1M	0	0	-353.3M	-99.6M	0	0
Financing cash flow	-96.7M	590.4M	-91.1M	503.7M	830.2M	1.6B	-463.4M	-346.1M	-136.3M	-410M
Net change in cash	160.3M	193.3M	306.1M	112.3M	811.5M	103.1M	162.8M	271.4M	-74.8M	-1.7M
Free cash flow	107.4M	149.3M	192M	233.9M	270.4M	319.8M	327.3M	292.7M	368.5M	274.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	86.5M	-7.6M	35.8M	-1.2B
Depreciation & amortization	—	—	—	—	—	—	—	—	83.3M	83.6M	82.5M	81.8M
Stock-based compensation	—	—	—	—	—	—	—	—	11.3M	9.9M	7.6M	5M
Change in working capital	—	—	—	—	—	—	—	—	-6.3M	1.5M	5.9M	-9.3M
Operating cash flow	—	—	—	—	—	—	—	—	156.5M	145.5M	118.2M	120.9M
Capital expenditure	—	—	—	—	—	—	—	—	-71.2M	-76M	-67.9M	-78.5M
Investing cash flow	—	—	—	—	—	—	—	—	52.1M	-76M	-66.8M	-78.5M
Dividends paid	—	—	—	—	—	—	—	—	0	0	0	0
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	—	—	—	—	—	—	—	—	-194.9M	-83.7M	-81.5M	-42.7M
Net change in cash	—	—	—	—	—	—	—	—	13.7M	-14.2M	-30M	-406K
Free cash flow	110.9M	35.9M	92.3M	82.2M	101.1M	92.8M	48.8M	70.7M	85.4M	69.5M	50.4M	42.3M

Cable One Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement