What is Cable One's operating income?

Cable One's total operating income in 2025 was -$207.36 million, based on the following breakdown: Total Gross Profit: $1.50 billion Total Operating Expenses: $1.71 billion

Cable One (CABO) Financials

$44.01 +4.47 (+11.29%)

Closing price 07/28/2026 03:59 PM Eastern

Extended Trading

$43.86 -0.15 (-0.34%)

As of 07/28/2026 04:10 PM Eastern

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Annual Income Statements for Cable One

This table shows Cable One's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	92	100	235	165	179	304	292	213	225	14	-356
Consolidated Net Income / (Loss)	92	100	235	165	179	304	292	213	225	14	-356
Net Income / (Loss) Continuing Operations	92	100	235	165	179	303	292	213	225	14	-356
Total Pre-Tax Income	147	162	190	212	234	379	337	375	411	244	-306
Total Operating Income	164	187	236	268	310	469	457	539	527	442	-207
Total Gross Profit	807	819	960	1,072	1,168	1,325	1,606	1,706	1,678	1,580	1,501
Total Revenue	807	819	960	1,072	1,168	1,325	1,606	1,706	1,678	1,580	1,501
Operating Revenue	807	819	960	1,072	1,168	1,325	1,606	1,706	1,678	1,580	1,501
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	644	632	724	804	858	856	1,149	1,167	1,151	1,138	1,709
Selling, General & Admin Expense	499	482	541	592	634	674	802	821	796	783	773
Depreciation Expense	145	148	182	198	217	266	339	350	343	342	339
Impairment Charge	-	-	-	-	-	-	-	-	0.00	0.00	586
Other Special Charges / (Income)	0.60	2.82	0.57	14	7.19	-1.07	7.83	9.20	13	13	11
Total Other Income / (Expense), net	-16	-25	-46	-56	-77	-89	-119	-164	-116	-198	-99
Interest Expense	16	30	47	60	72	74	113	124	152	138	130
Other Income / (Expense), net	-0.23	5.12	0.67	4.49	-4.91	-16	-6.00	-40	36	-60	31
Income Tax Expense	55	62	-45	47	55	76	46	120	73	25	-88
Other Gains / (Losses), net	-	-	-	0.00	0.00	-	0.47	-43	-114	-204	-138
Basic Earnings per Share	$15.69	$17.47	$41.40	$28.98	$31.45	$51.73	$48.49	$36.16	$39.76	$2.58	($63.21)
Weighted Average Basic Shares Outstanding	5.85M	5.74M	5.68M	5.68M	5.68M	5.88M	6.02M	5.89M	5.65M	5.62M	5.64M
Diluted Earnings per Share	$15.67	$17.38	$40.92	$28.77	$31.12	$51.27	$46.49	$34.73	$38.08	$2.57	($63.21)
Weighted Average Diluted Shares Outstanding	5.86M	5.77M	5.75M	5.73M	5.74M	5.94M	6.39M	6.31M	6.06M	5.63M	5.64M
Weighted Average Basic & Diluted Shares Outstanding	5.90M	273.20M	1.18B	5.70M	5.72M	6.03M	6.06M	5.73M	5.62M	5.63M	5.67M
Cash Dividends to Common per Share	-	-	-	$7.50	$8.50	-	$10.50	$11.20	$11.60	$11.80	$2.95

This table shows Cable One's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	30	103	37	38	44	-105	2.61	-438	87	-7.62	36
Consolidated Net Income / (Loss)	30	103	37	38	44	-105	2.61	-438	87	-7.62	36
Net Income / (Loss) Continuing Operations	30	103	37	38	44	-105	2.61	-438	87	-7.62	36
Total Pre-Tax Income	69	157	77	75	81	11	60	-535	135	34	79
Total Operating Income	133	127	120	110	110	102	96	-489	95	92	87
Total Gross Profit	420	412	404	394	394	387	381	381	376	364	353
Total Revenue	420	412	404	394	394	387	381	381	376	364	353
Operating Revenue	420	412	404	394	394	387	381	381	376	364	353
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	288	285	284	284	283	286	285	870	281	272	266
Selling, General & Admin Expense	202	195	197	197	193	196	195	194	197	187	181
Depreciation Expense	83	87	86	85	85	86	85	86	83	84	82
Other Special Charges / (Income)	2.49	1.99	1.91	2.40	5.05	3.79	4.20	3.91	1.07	1.81	2.79
Total Other Income / (Expense), net	-64	30	-43	-36	-29	-90	-36	-45	40	-58	-7.31
Interest Expense	39	37	36	35	34	33	34	34	32	30	30
Other Income / (Expense), net	-25	67	-7.12	-0.64	5.25	-57	-1.41	-11	72	-28	23
Income Tax Expense	17	20	18	14	16	-22	0.20	-118	26	3.75	19
Other Gains / (Losses), net	-21	-33	-22	-22	-21	-139	-57	-21	-22	-38	-24
Basic Earnings per Share	$5.40	$18.40	$6.65	$6.79	$7.86	($18.72)	$0.46	($77.70)	$15.33	($1.30)	$6.29
Weighted Average Basic Shares Outstanding	5.61M	5.65M	5.62M	5.62M	5.62M	5.62M	5.63M	5.64M	5.64M	5.64M	5.69M
Diluted Earnings per Share	$5.29	$17.40	$6.46	$6.58	$7.58	($17.19)	$0.46	($77.70)	$14.52	($0.49)	$6.12
Weighted Average Diluted Shares Outstanding	6.03M	6.06M	6.03M	6.03M	6.04M	6.04M	5.64M	5.64M	6.07M	5.64M	6.08M
Weighted Average Basic & Diluted Shares Outstanding	5.62M	5.62M	5.62M	5.62M	5.62M	5.63M	5.63M	5.63M	5.64M	5.67M	5.67M

This table details how cash moves in and out of Cable One's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	113	19	24	102	-139	450	-186	-174	-25	-37	-0.86
Net Cash From Operating Activities	252	257	324	408	492	574	704	738	663	664	563
Net Cash From Continuing Operating Activities	252	257	324	408	492	574	704	738	663	664	563
Net Income / (Loss) Continuing Operations	92	100	235	165	179	304	292	213	225	14	-356
Consolidated Net Income / (Loss)	92	100	235	165	179	304	292	213	225	14	-356
Depreciation Expense	145	148	182	198	217	266	339	350	343	342	339
Amortization Expense	0.90	1.64	3.17	4.16	4.65	4.31	9.16	9.52	9.02	8.92	9.00
Non-Cash Adjustments To Reconcile Net Income	9.82	10	12	25	24	-47	44	101	120	317	746
Changes in Operating Assets and Liabilities, net	5.07	-2.88	-107	16	68	47	20	64	-33	-18	-174
Net Cash From Investing Activities	-161	-142	-891	-214	-1,134	-955	-2,472	-448	-342	-564	-154
Net Cash From Continuing Investing Activities	-161	-142	-891	-214	-1,134	-955	-2,472	-448	-343	-564	-154
Purchase of Property, Plant & Equipment	-172	-131	-179	-218	-262	-293	-392	-414	-371	-286	-285
Acquisitions	0.00	0.00	-728	0.00	-883	-40	-2,066	0.00	-2.75	-300	0.00
Purchase of Investments	-	-	-	0.00	0.00	-612	-96	-50	-29	-20	0.00
Sale of Property, Plant & Equipment	0.91	1.33	12	1.47	7.04	6.73	0.71	3.63	0.00	5.54	0.81
Divestitures	-	-	-	-	0.00	0.00	5.33	9.23	57	0.00	134
Sale and/or Maturity of Investments	-	-	-	-	0.00	0.00	69	0.00	0.00	45	0.00
Other Investing Activities, net	10	-12	4.17	2.01	4.51	-17	7.41	3.36	3.32	-8.68	-3.71
Net Cash From Financing Activities	22	-97	590	-91	504	830	1,581	-463	-346	-136	-410
Net Cash From Continuing Financing Activities	22	-97	590	-91	504	830	1,581	-463	-346	-136	-410
Repayment of Debt	-3.02	-4.49	-117	-17	-715	-627	-44	-39	-816	-241	-390
Repurchase of Common Equity	-16	-56	-0.53	-27	-5.07	-19	0.00	-353	-100	0.00	0.00
Payment of Dividends	-459	-34	-37	-43	-49	-57	-63	-66	-66	-68	-17
Issuance of Debt	542	0.00	750	2.00	1,275	1,050	1,696	0.00	638	175	0.00
Other Financing Activities, net	-43	-1.37	-4.98	-7.16	-3.02	-5.95	-7.03	-5.04	-2.48	-2.88	-2.63
Cash Interest Paid	14	29	43	56	68	65	103	127	160	149	138
Cash Income Taxes Paid	30	73	60	1.81	-3.59	28	-1.24	23	92	82	45

This table details how cash moves in and out of Cable One's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	79	-49	20	-9.22	25	-73	-4.54	3.79	14	-14	13
Net Cash From Operating Activities	180	152	165	156	176	168	116	145	157	146	118
Net Cash From Continuing Operating Activities	180	152	165	156	176	168	116	145	157	146	118
Net Income / (Loss) Continuing Operations	30	103	37	28	44	-105	2.61	-438	87	-7.62	36
Consolidated Net Income / (Loss)	30	103	37	28	44	-105	2.61	-438	87	-7.62	36
Depreciation Expense	83	87	86	85	85	86	85	86	83	84	82
Amortization Expense	2.21	2.22	2.22	2.19	2.21	2.30	2.45	2.28	2.19	2.08	3.01
Non-Cash Adjustments To Reconcile Net Income	59	-24	39	54	29	209	77	632	-41	78	12
Changes in Operating Assets and Liabilities, net	5.52	-17	0.98	-14	15	-24	-51	-138	26	-10	-15
Net Cash From Investing Activities	-13	-129	-70	-93	-79	-322	-57	-74	52	-76	-24
Net Cash From Continuing Investing Activities	-13	-129	-70	-93	-79	-322	-57	-74	52	-76	-24
Purchase of Property, Plant & Equipment	-78	-116	-66	-72	-77	-72	-71	-68	-72	-74	-68
Sale of Property, Plant & Equipment	0.36	0.17	2.43	0.58	0.13	2.40	0.23	0.25	0.03	0.30	0.85
Divestitures	-	-	0.00	-	-	-	11	-	123	0.03	43
Other Investing Activities, net	8.61	2.63	-5.89	-1.75	1.85	-2.89	3.64	-5.91	0.61	-2.04	0.56
Net Cash From Financing Activities	-88	-72	-74	-72	-72	82	-64	-67	-195	-84	-81
Net Cash From Continuing Financing Activities	-88	-72	-74	-72	-72	82	-64	-67	-195	-84	-81
Repayment of Debt	-55	-55	-55	-55	-55	-76	-45	-67	-195	-84	-656
Payment of Dividends	-17	-17	-17	-17	-17	-17	-17	-	-	-	0.00
Issuance of Debt	-	-	-	-	-	175	0.00	-	-	-	575
Other Financing Activities, net	-0.09	-0.09	-2.66	-0.08	-0.04	-0.11	-2.27	-0.03	-0.32	-0.01	-0.95
Cash Interest Paid	35	45	33	44	33	40	31	40	30	37	25
Cash Income Taxes Paid	15	16	26	26	23	5.73	22	22	1.76	-0.95	4.62

This table presents Cable One's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,399	1,421	2,205	2,303	3,152	4,488	6,954	6,886	6,760	6,526	5,588
Total Current Assets	165	186	224	318	181	673	501	347	342	279	307
Cash & Equivalents	119	138	162	264	125	575	389	215	190	154	153
Accounts Receivable	35	33	30	30	38	39	56	74	94	58	59
Prepaid Expenses	11	11	11	13	16	18	32	57	58	68	95
Plant, Property, & Equipment, net	641	643	832	848	1,201	0.00	0.00	1,702	1,791	1,790	1,784
Total Noncurrent Assets	594	592	1,149	1,137	1,769	3,816	6,453	4,838	4,626	4,457	3,498
Long-Term Investments	-	-	-	-	0.21	808	728	1,167	1,038	816	614
Goodwill	85	85	172	172	430	431	968	929	929	930	841
Intangible Assets	497	497	966	954	1,312	1,278	2,861	2,667	2,596	2,533	1,974
Other Noncurrent Operating Assets	11	9.31	11	11	27	1,299	1,896	75	63	178	69
Total Liabilities & Shareholders' Equity	1,399	1,421	2,205	2,303	3,152	4,488	6,954	6,886	6,760	6,526	5,588
Total Liabilities	963	952	1,528	1,528	2,310	2,993	5,161	5,149	4,950	4,730	4,155
Total Current Liabilities	127	111	147	134	190	222	269	244	203	214	759
Short-Term Debt	3.75	6.25	14	21	29	26	39	56	19	19	594
Accounts Payable	95	83	118	94	137	174	203	165	157	167	143
Current Deferred Revenue	22	22	15	19	24	21	27	24	27	28	23
Total Noncurrent Liabilities	837	841	1,381	1,394	2,121	2,771	4,892	4,905	4,747	4,516	3,395
Long-Term Debt	536	531	1,161	1,142	1,712	2,149	3,800	3,753	3,627	3,572	2,600
Noncurrent Deferred & Payable Income Tax Liabilities	277	285	207	242	303	367	854	960	951	914	770
Other Noncurrent Operating Liabilities	0.09	-	13	9.98	105	256	238	192	170	30	25
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	435	469	676	775	842	1,495	1,793	1,737	1,809	1,796	1,434
Total Preferred & Common Equity	435	469	676	775	842	1,495	1,793	1,737	1,809	1,796	1,434
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	435	469	676	775	842	1,495	1,793	1,737	1,809	1,796	1,434
Common Stock	4.99	18	28	39	51	536	556	578	608	639	682
Retained Earnings	447	527	728	850	980	1,228	1,457	1,603	1,762	1,708	1,335
Treasury Stock	-16	-75	-80	-114	-122	-128	-136	-495	-597	-600	-602
Accumulated Other Comprehensive Income / (Loss)	-0.56	-0.45	-0.35	-0.10	-68	-141	-83	50	37	48	19

This table presents Cable One's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	6,932	6,879	6,883	6,912	6,739	6,713	6,661	6,423	5,774	5,694	5,530
Total Current Assets	382	330	315	394	347	339	335	282	287	301	300
Cash & Equivalents	256	203	161	240	211	202	227	149	153	167	166
Accounts Receivable	61	46	75	86	61	66	58	48	58	60	50
Prepaid Expenses	61	81	80	68	76	71	50	85	77	73	84
Plant, Property, & Equipment, net	1,660	1,725	0.00	1,747	1,785	1,786	1,791	1,786	1,780	1,780	1,781
Total Noncurrent Assets	4,891	4,825	6,568	4,770	4,607	4,589	3,535	4,355	3,706	3,613	3,449
Long-Term Investments	1,186	1,191	1,193	1,127	1,016	1,014	-	752	731	652	590
Goodwill	929	929	929	929	929	929	929	930	841	841	841
Intangible Assets	2,688	2,648	2,630	2,612	2,580	2,563	2,549	2,517	2,005	1,989	1,947
Other Noncurrent Operating Assets	88	56	1,816	102	82	82	56	156	130	132	71
Total Liabilities & Shareholders' Equity	6,932	6,879	6,883	6,912	6,739	6,713	6,661	6,423	5,774	5,694	5,530
Total Liabilities	5,035	5,137	5,115	5,109	4,886	4,833	4,776	4,648	4,436	4,263	4,051
Total Current Liabilities	269	189	194	218	187	187	360	775	777	781	171
Short-Term Debt	52	19	19	19	19	19	19	594	594	594	18
Accounts Payable	193	146	147	172	141	142	315	154	157	165	132
Current Deferred Revenue	24	24	28	27	27	26	26	28	26	23	21
Total Noncurrent Liabilities	4,766	4,948	4,921	4,891	4,700	4,646	4,416	3,872	3,659	3,481	3,880
Long-Term Debt	3,768	3,784	3,732	3,680	3,574	3,521	3,469	2,953	2,884	2,687	3,088
Noncurrent Deferred & Payable Income Tax Liabilities	934	965	973	974	951	941	917	891	747	767	769
Other Noncurrent Operating Liabilities	65	199	216	237	175	183	31	29	28	27	22
Total Equity & Noncontrolling Interests	1,897	1,743	1,768	1,803	1,853	1,880	1,885	1,775	1,337	1,432	1,479
Total Preferred & Common Equity	1,897	1,743	1,768	1,803	1,853	1,880	1,885	1,775	1,337	1,432	1,479
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,897	1,743	1,768	1,803	1,853	1,880	1,885	1,775	1,337	1,432	1,479
Common Stock	573	584	590	600	615	622	631	651	661	672	688
Retained Earnings	1,718	1,665	1,704	1,727	1,782	1,803	1,830	1,694	1,256	1,342	1,370
Treasury Stock	-448	-539	-580	-597	-599	-600	-600	-602	-602	-602	-603
Accumulated Other Comprehensive Income / (Loss)	55	32	54	72	55	54	23	33	23	20	24
Other Equity Adjustments	-	-	-	-	-	-	-	-	-	0.00	0.00

This table displays calculated financial ratios and metrics derived from Cable One's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.93%	1.50%	17.16%	11.70%	8.93%	13.46%	21.17%	6.24%	-1.64%	-5.87%	-4.95%
EBITDA Growth	-17.04%	10.67%	23.44%	12.45%	11.09%	37.21%	10.49%	7.59%	6.46%	-19.90%	-76.65%
EBIT Growth	-31.37%	17.68%	23.30%	14.93%	12.17%	48.24%	-0.52%	10.84%	12.73%	-32.12%	-146.16%
NOPAT Growth	0.60%	13.59%	152.29%	-28.76%	13.87%	58.12%	5.25%	-6.95%	18.09%	-8.61%	-136.63%
Net Income Growth	-37.67%	9.25%	134.43%	-29.94%	8.39%	70.45%	-4.13%	-26.99%	5.43%	-93.55%	-2,561.73%
EPS Growth	-37.84%	10.91%	135.44%	-29.69%	8.17%	64.75%	-9.32%	-25.30%	9.65%	-90.99%	-2,559.53%
Operating Cash Flow Growth	22.49%	1.99%	26.20%	25.67%	20.59%	16.80%	22.63%	4.78%	-10.14%	0.14%	-15.18%
Free Cash Flow Firm Growth	112.54%	10.08%	-614.19%	142.35%	-343.64%	199.66%	-436.85%	139.26%	-48.64%	-44.16%	99.05%
Invested Capital Growth	1.01%	1.52%	94.59%	-0.94%	46.78%	-6.88%	97.35%	-7.80%	1.54%	4.49%	-12.59%
Revenue Q/Q Growth	0.00%	0.37%	5.64%	1.15%	4.37%	1.38%	6.35%	-0.41%	-0.81%	-1.53%	-1.54%
EBITDA Q/Q Growth	0.00%	-0.56%	4.99%	2.87%	5.81%	-6.59%	16.66%	-12.42%	24.21%	-18.80%	10.94%
EBIT Q/Q Growth	0.00%	-3.55%	6.44%	4.20%	6.67%	-10.82%	22.58%	-18.82%	46.28%	-30.55%	9.77%
NOPAT Q/Q Growth	0.00%	-2.50%	104.77%	-38.70%	6.54%	23.05%	-10.54%	-9.07%	28.30%	2.61%	-5.08%
Net Income Q/Q Growth	0.00%	-3.00%	101.61%	-38.30%	6.95%	-40.95%	319.91%	-43.36%	882.73%	-93.51%	21.50%
EPS Q/Q Growth	0.00%	-2.47%	101.58%	-38.17%	6.76%	19.37%	-13.64%	-41.90%	543.24%	-90.98%	20.90%
Operating Cash Flow Q/Q Growth	1.41%	2.45%	14.52%	-1.10%	12.96%	3.39%	-0.19%	-0.78%	-2.44%	2.46%	-3.77%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	10.20%	-9.99%	-1,912.50%	339.44%	-22.98%	39.30%	-22.73%	-44.98%	262.16%
Invested Capital Q/Q Growth	0.00%	1.93%	6.69%	-0.04%	27.68%	-6.85%	2.91%	-2.62%	2.23%	6.54%	-0.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	38.25%	41.70%	43.94%	44.23%	45.11%	54.55%	49.74%	50.37%	54.52%	46.40%	11.40%
Operating Margin	20.26%	22.84%	24.62%	24.98%	26.58%	35.42%	28.43%	31.59%	31.40%	27.98%	-13.81%
EBIT Margin	20.23%	23.46%	24.69%	25.40%	26.16%	34.18%	28.06%	29.27%	33.55%	24.20%	-11.75%
Profit (Net Income) Margin	11.37%	12.24%	24.50%	15.37%	15.29%	22.97%	18.17%	12.49%	13.39%	0.92%	-23.74%
Tax Burden Percent	62.36%	61.92%	123.68%	77.72%	76.38%	80.24%	86.56%	56.76%	54.60%	5.93%	116.35%
Interest Burden Percent	90.15%	84.28%	80.23%	77.82%	76.52%	83.75%	74.82%	75.16%	73.08%	63.89%	173.67%
Effective Tax Rate	37.64%	38.08%	-23.68%	22.28%	23.62%	20.12%	13.58%	31.88%	17.71%	10.32%	0.00%
Return on Invested Capital (ROIC)	11.98%	13.44%	22.85%	12.38%	11.48%	15.80%	11.60%	8.46%	10.34%	9.17%	-3.51%
ROIC Less NNEP Spread (ROIC-NNEP)	7.06%	9.65%	14.76%	7.83%	6.82%	9.95%	5.75%	2.47%	1.71%	-5.99%	-11.88%
Return on Net Nonoperating Assets (RNNOA)	2.27%	8.74%	18.20%	10.32%	10.61%	10.25%	6.15%	3.61%	2.33%	-8.37%	-18.57%
Return on Equity (ROE)	14.25%	22.18%	41.05%	22.70%	22.09%	26.05%	17.75%	12.07%	12.67%	0.80%	-22.07%
Cash Return on Invested Capital (CROIC)	10.98%	11.94%	-41.36%	13.32%	-26.43%	22.93%	-53.88%	16.58%	8.81%	4.77%	9.92%
Operating Return on Assets (OROA)	12.28%	13.63%	13.07%	12.09%	11.20%	11.86%	7.88%	7.22%	8.25%	5.75%	-2.91%
Return on Assets (ROA)	6.90%	7.11%	12.97%	7.31%	6.55%	7.97%	5.10%	3.08%	3.29%	0.22%	-5.89%
Return on Common Equity (ROCE)	14.25%	22.18%	41.05%	22.70%	22.09%	26.05%	17.75%	12.07%	12.67%	0.80%	-22.07%
Return on Equity Simple (ROE_SIMPLE)	21.09%	21.38%	34.77%	21.25%	21.22%	20.36%	16.27%	12.27%	12.42%	0.81%	0.00%
Net Operating Profit after Tax (NOPAT)	102	116	292	208	237	375	395	367	434	396	-145
NOPAT Margin	12.64%	14.14%	30.45%	19.42%	20.30%	28.29%	24.57%	21.52%	25.84%	25.09%	-9.67%
Net Nonoperating Expense Percent (NNEP)	4.92%	3.79%	8.09%	4.55%	4.66%	5.86%	5.85%	5.99%	8.63%	15.16%	8.37%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.62%	7.95%	7.36%	-3.14%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	61.76%	58.78%	56.40%	55.25%	54.25%	50.85%	49.97%	48.14%	47.41%	49.56%	51.50%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	79.74%	77.17%	75.38%	75.02%	73.42%	64.58%	71.57%	68.41%	68.60%	72.02%	113.81%
Earnings before Interest and Taxes (EBIT)	163	192	237	272	306	453	451	499	563	382	-176
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	309	342	422	474	527	723	799	859	915	733	171
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.31	6.98	5.55	5.67	9.57	8.55	5.65	2.25	1.66	1.12	0.44
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.87	4.00	3.91	4.10	6.90	9.64	6.30	2.29	1.79	1.28	0.42
Price to Earnings (P/E)	25.20	32.65	15.96	26.70	45.10	41.99	34.69	18.31	13.37	139.13	0.00
Dividend Yield	0.38%	1.05%	0.99%	0.97%	0.60%	0.45%	0.63%	1.67%	2.17%	3.29%	10.46%
Earnings Yield	3.97%	3.06%	6.27%	3.75%	2.22%	2.38%	2.88%	5.46%	7.48%	0.72%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.20	4.23	2.82	3.17	3.94	5.93	2.85	1.52	1.28	1.05	0.79
Enterprise Value to Revenue (EV/Rev)	3.39	4.49	4.96	4.94	8.28	10.24	8.00	3.71	3.23	2.93	2.04
Enterprise Value to EBITDA (EV/EBITDA)	8.85	10.75	11.30	11.17	18.35	18.77	16.08	7.36	5.93	6.33	17.90
Enterprise Value to EBIT (EV/EBIT)	16.74	19.12	20.11	19.45	31.65	29.97	28.51	12.67	9.63	12.13	0.00
Enterprise Value to NOPAT (EV/NOPAT)	26.80	31.72	16.30	25.44	40.78	36.20	32.55	17.23	12.50	11.70	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.84	14.29	14.69	12.99	19.66	23.63	18.24	8.57	8.17	6.98	5.44
Enterprise Value to Free Cash Flow (EV/FCFF)	29.25	35.72	0.00	23.65	0.00	24.95	0.00	8.79	14.67	22.46	7.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.24	1.14	1.74	1.50	2.07	1.45	2.14	2.19	2.02	2.00	2.23
Long-Term Debt to Equity	1.23	1.13	1.72	1.47	2.03	1.44	2.12	2.16	2.00	1.99	1.81
Financial Leverage	0.32	0.91	1.23	1.32	1.55	1.03	1.07	1.46	1.37	1.40	1.56
Leverage Ratio	2.06	3.12	3.16	3.11	3.37	3.27	3.48	3.92	3.85	3.69	3.75
Compound Leverage Factor	1.86	2.63	2.54	2.42	2.58	2.74	2.60	2.95	2.81	2.35	6.51
Debt to Total Capital	55.33%	53.37%	63.47%	59.99%	67.41%	59.26%	68.16%	68.68%	66.83%	66.66%	69.02%
Short-Term Debt to Total Capital	0.38%	0.62%	0.78%	1.06%	1.12%	0.72%	0.69%	1.01%	0.35%	0.35%	12.83%
Long-Term Debt to Total Capital	54.95%	52.75%	62.69%	58.93%	66.29%	58.54%	67.47%	67.67%	66.49%	66.31%	56.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	44.67%	46.63%	36.54%	40.01%	32.59%	40.74%	31.84%	31.32%	33.17%	33.34%	30.98%
Debt to EBITDA	1.75	1.57	2.79	2.45	3.30	3.01	4.81	4.43	3.99	4.90	18.66
Net Debt to EBITDA	1.36	1.17	2.40	1.89	3.07	1.10	3.41	2.82	2.64	3.58	14.18
Long-Term Debt to EBITDA	1.73	1.55	2.75	2.41	3.25	2.97	4.76	4.37	3.96	4.87	15.19
Debt to NOPAT	5.29	4.64	4.02	5.58	7.34	5.80	9.73	10.37	8.41	9.06	-22.00
Net Debt to NOPAT	4.12	3.44	3.47	4.32	6.81	2.11	6.90	6.61	5.58	6.61	-16.72
Long-Term Debt to NOPAT	5.25	4.58	3.97	5.48	7.22	5.73	9.63	10.22	8.36	9.01	-17.92
Altman Z-Score	2.88	3.67	2.77	3.20	3.21	3.69	1.95	1.29	1.28	1.07	0.49
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.30	1.68	1.52	2.38	0.96	3.04	1.86	1.42	1.69	1.31	0.40
Quick Ratio	1.21	1.54	1.30	2.20	0.86	2.77	1.65	1.19	1.40	0.99	0.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	93	103	-529	224	-546	544	-1,833	719	370	206	411
Operating Cash Flow to CapEx	147.30%	198.55%	193.85%	188.52%	192.60%	200.48%	180.03%	179.81%	179.33%	236.50%	198.05%
Free Cash Flow to Firm to Interest Expense	5.81	3.40	-11.29	3.71	-7.61	7.39	-16.15	5.80	2.44	1.50	3.16
Operating Cash Flow to Interest Expense	15.67	8.51	6.92	6.75	6.86	7.80	6.21	5.95	4.38	4.81	4.33
Operating Cash Flow Less CapEx to Interest Expense	5.03	4.22	3.35	3.17	3.30	3.91	2.76	2.64	1.94	2.78	2.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.61	0.58	0.53	0.48	0.43	0.35	0.28	0.25	0.25	0.24	0.25
Accounts Receivable Turnover	25.06	24.19	30.49	35.82	34.15	34.32	33.80	26.12	19.93	20.82	25.82
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.28	1.28	1.30	1.28	1.14	0.00	0.00	0.00	0.96	0.88	0.84
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	14.57	15.09	11.97	10.19	10.69	10.63	10.80	13.97	18.31	17.53	14.14
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	14.57	15.09	11.97	10.19	10.69	10.63	10.80	13.97	18.31	17.53	14.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	855	868	1,690	1,674	2,457	2,288	4,515	4,163	4,227	4,417	3,861
Invested Capital Turnover	0.95	0.95	0.75	0.64	0.57	0.56	0.47	0.39	0.40	0.37	0.36
Increase / (Decrease) in Invested Capital	8.53	13	821	-16	783	-169	2,227	-352	64	190	-556
Enterprise Value (EV)	2,734	3,675	4,766	5,298	9,669	13,572	12,846	6,327	5,421	4,635	3,063
Market Capitalization	2,314	3,276	3,753	4,399	8,054	12,780	10,124	3,901	3,004	2,015	636
Book Value per Share	$74.36	$82.15	$118.07	$135.94	$147.35	$248.20	$296.60	$298.98	$322.12	$319.60	$254.41
Tangible Book Value per Share	($25.09)	($19.80)	($80.54)	($61.47)	($157.66)	($35.43)	($336.77)	($319.93)	($305.44)	($296.54)	($245.16)
Total Capital	975	1,006	1,852	1,938	2,582	3,670	5,631	5,545	5,455	5,386	4,628
Total Debt	539	537	1,175	1,163	1,741	2,175	3,838	3,809	3,646	3,590	3,194
Total Long-Term Debt	536	531	1,161	1,142	1,712	2,149	3,800	3,753	3,627	3,572	2,600
Net Debt	420	399	1,013	899	1,615	793	2,722	2,426	2,418	2,621	2,427
Capital Expenditures (CapEx)	171	129	167	216	255	286	391	410	370	281	284
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-78	-56	-71	-59	-104	-97	-118	-57	-32	-70	-12
Debt-free Net Working Capital (DFNWC)	42	82	91	205	21	478	271	158	159	84	141
Net Working Capital (NWC)	38	75	77	184	-8.05	451	232	103	140	65	-453
Net Nonoperating Expense (NNE)	10	16	57	43	59	71	103	154	209	382	211
Net Nonoperating Obligations (NNO)	420	399	1,013	899	1,615	793	2,722	2,426	2,418	2,621	2,427
Total Depreciation and Amortization (D&A)	145	149	185	202	221	270	348	360	352	351	348
Debt-free, Cash-free Net Working Capital to Revenue	-9.61%	-6.89%	-7.37%	-5.53%	-8.94%	-7.34%	-7.35%	-3.32%	-1.89%	-4.40%	-0.80%
Debt-free Net Working Capital to Revenue	5.16%	9.96%	9.48%	19.10%	1.79%	36.04%	16.86%	9.29%	9.45%	5.32%	9.38%
Net Working Capital to Revenue	4.69%	9.19%	7.99%	17.17%	-0.69%	34.05%	14.44%	6.01%	8.32%	4.14%	-30.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$15.21	$17.23	$41.20	$28.98	$31.45	$51.73	$48.49	$39.73	$0.00	$2.58	($63.21)
Adjusted Weighted Average Basic Shares Outstanding	5.85M	5.74M	5.68M	5.68M	5.68M	5.88M	6.02M	5.89M	0.00	5.62M	5.64M
Adjusted Diluted Earnings per Share	$15.19	$17.14	$40.72	$28.77	$31.12	$51.27	$46.49	$38.06	$0.00	$3.43	($63.21)
Adjusted Weighted Average Diluted Shares Outstanding	5.86M	5.77M	5.75M	5.73M	5.74M	5.94M	6.39M	6.31M	0.00	6.04M	5.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.78M	5.72M	5.73M	5.70M	5.72M	6.03M	6.06M	5.73M	0.00	5.63M	5.67M
Normalized Net Operating Profit after Tax (NOPAT)	102	118	166	219	243	374	401	373	444	408	273
Normalized NOPAT Margin	12.68%	14.35%	17.28%	20.45%	20.77%	28.23%	24.99%	21.89%	26.46%	25.83%	18.17%
Pre Tax Income Margin	18.24%	19.77%	19.81%	19.77%	20.02%	28.62%	20.99%	22.00%	24.52%	15.46%	-20.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.15	6.36	5.06	4.51	4.26	6.15	3.97	4.03	3.71	2.77	-1.36
NOPAT to Interest Expense	6.34	3.83	6.24	3.45	3.31	5.09	3.48	2.96	2.86	2.87	-1.12
EBIT Less CapEx to Interest Expense	-0.49	2.08	1.49	0.93	0.70	2.26	0.52	0.72	1.27	0.73	-3.55
NOPAT Less CapEx to Interest Expense	-4.30	-0.45	2.67	-0.13	-0.25	1.20	0.03	-0.35	0.42	0.84	-3.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	499.64%	34.34%	15.83%	26.01%	27.17%	18.59%	21.74%	31.10%	29.52%	468.94%	-4.83%
Augmented Payout Ratio	517.47%	90.53%	16.05%	42.14%	30.01%	24.81%	21.74%	196.92%	73.86%	468.94%	-4.83%

This table displays calculated financial ratios and metrics derived from Cable One's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	5,672,182.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	5,672,182.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	6.31
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.03%	-3.22%	-4.17%	-6.97%	-6.37%	-5.97%	-5.86%	-3.39%	-4.46%	-6.06%	-7.26%
EBITDA Growth	-11.97%	210.01%	-9.31%	-9.62%	5.53%	-53.32%	-9.19%	-309.29%	24.22%	12.75%	7.08%
EBIT Growth	-16.85%	8,986.79%	-15.52%	-14.75%	7.83%	-77.11%	-16.39%	-557.27%	44.12%	43.06%	16.23%
NOPAT Growth	1.50%	14.13%	-13.33%	-18.58%	-10.50%	172.10%	3.10%	-483.37%	-13.74%	-72.98%	-31.42%
Net Income Growth	-57.09%	205.31%	-19.84%	-13.75%	45.94%	-201.68%	-93.02%	-1,247.98%	95.71%	92.76%	1,272.23%
EPS Growth	-54.12%	217.89%	-17.71%	-12.73%	43.29%	-198.79%	-92.88%	-1,280.85%	91.56%	97.29%	1,230.43%
Operating Cash Flow Growth	-16.87%	-9.85%	1.83%	-8.27%	-2.19%	10.52%	-29.39%	-6.82%	-11.17%	-13.18%	1.62%
Free Cash Flow Firm Growth	13.81%	-89.61%	-85.73%	-76.42%	-67.58%	138.89%	-522.31%	-239.09%	322.75%	471.45%	714.59%
Invested Capital Growth	-3.28%	1.54%	1.62%	0.96%	0.27%	4.49%	4.79%	-6.51%	-6.07%	-12.59%	-13.38%
Revenue Q/Q Growth	-0.87%	-2.03%	-1.82%	-2.44%	-0.23%	-1.61%	-1.71%	0.12%	-1.33%	-3.26%	-2.96%
EBITDA Q/Q Growth	-11.78%	47.40%	-32.49%	-1.80%	3.01%	-34.80%	37.68%	-326.32%	161.14%	-40.81%	30.75%
EBIT Q/Q Growth	-16.57%	80.96%	-45.70%	-2.88%	5.53%	-61.59%	112.40%	-631.17%	133.26%	-61.88%	72.58%
NOPAT Q/Q Growth	-9.61%	11.69%	-13.02%	2.71%	-0.64%	239.56%	-68.37%	-459.23%	122.36%	6.34%	-19.70%
Net Income Q/Q Growth	-31.51%	241.60%	-67.60%	-19.41%	15.89%	-338.01%	102.48%	-16,900.00%	119.76%	-108.81%	569.35%
EPS Q/Q Growth	-29.84%	228.92%	-66.62%	-18.87%	15.20%	-326.78%	102.68%	-16,991.30%	118.69%	-103.37%	1,348.98%
Operating Cash Flow Q/Q Growth	6.24%	-15.81%	8.62%	-5.59%	13.28%	-4.87%	-30.60%	24.59%	7.99%	-7.02%	-18.77%
Free Cash Flow Firm Q/Q Growth	13.91%	-80.50%	-57.15%	5.68%	56.61%	43.68%	-195.88%	35.53%	575.98%	94.23%	3.11%
Invested Capital Q/Q Growth	-0.73%	2.23%	0.37%	0.31%	-1.41%	6.54%	0.10%	-11.08%	-0.94%	-0.85%	-0.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	45.75%	68.83%	49.62%	49.94%	51.56%	34.17%	47.86%	-108.19%	67.04%	41.02%	55.27%
Operating Margin	31.53%	30.89%	29.65%	27.92%	28.03%	26.23%	25.14%	-128.41%	25.19%	25.17%	24.54%
EBIT Margin	25.49%	47.09%	27.89%	27.76%	29.36%	11.46%	24.77%	-131.39%	44.29%	17.45%	31.04%
Profit (Net Income) Margin	7.21%	25.13%	9.24%	9.67%	11.23%	-27.18%	0.69%	-114.93%	23.01%	-2.10%	10.14%
Tax Burden Percent	44.16%	65.99%	48.53%	51.19%	54.36%	-927.93%	4.36%	81.93%	64.33%	-22.48%	45.11%
Interest Burden Percent	64.03%	80.88%	68.26%	68.07%	70.39%	25.55%	63.44%	106.77%	80.77%	53.41%	72.37%
Effective Tax Rate	25.15%	12.92%	22.84%	18.88%	19.51%	-196.76%	0.34%	0.00%	19.15%	11.06%	24.49%
Return on Invested Capital (ROIC)	9.49%	10.76%	9.08%	8.83%	8.74%	28.45%	9.02%	-34.08%	7.73%	8.12%	6.62%
ROIC Less NNEP Spread (ROIC-NNEP)	6.57%	10.46%	6.77%	6.66%	6.80%	12.31%	5.32%	-37.96%	8.15%	4.59%	5.43%
Return on Net Nonoperating Assets (RNNOA)	8.36%	14.29%	8.99%	8.62%	8.47%	17.20%	7.35%	-58.03%	11.60%	7.18%	8.34%
Return on Equity (ROE)	17.86%	25.05%	18.06%	17.45%	17.21%	45.66%	16.37%	-92.11%	19.33%	15.30%	14.96%
Cash Return on Invested Capital (CROIC)	11.37%	8.81%	7.91%	8.09%	9.06%	4.77%	4.65%	3.60%	2.82%	9.92%	10.67%
Operating Return on Assets (OROA)	6.23%	11.58%	6.80%	6.66%	6.94%	2.73%	5.85%	-32.46%	10.93%	4.33%	7.65%
Return on Assets (ROA)	1.76%	6.18%	2.25%	2.32%	2.66%	-6.46%	0.16%	-28.39%	5.68%	-0.52%	2.50%
Return on Common Equity (ROCE)	17.86%	25.05%	18.06%	17.45%	17.21%	45.66%	16.37%	-92.11%	19.33%	15.30%	14.96%
Return on Equity Simple (ROE_SIMPLE)	1.27%	0.00%	13.93%	13.36%	11.84%	0.00%	-1.14%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	99	111	92	89	89	301	95	-343	77	81	65
NOPAT Margin	23.60%	26.90%	22.88%	22.65%	22.56%	77.85%	25.05%	-89.88%	20.37%	22.39%	18.53%
Net Nonoperating Expense Percent (NNEP)	2.93%	0.30%	2.31%	2.17%	1.94%	16.14%	3.70%	3.88%	-0.42%	3.53%	1.19%
Return On Investment Capital (ROIC_SIMPLE)	-	2.03%	-	-	-	5.60%	1.79%	-7.11%	1.63%	1.76%	1.43%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	48.15%	47.42%	48.70%	49.84%	49.05%	50.67%	51.30%	51.00%	52.36%	51.34%	51.30%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	68.47%	69.11%	70.35%	72.08%	71.97%	73.77%	74.86%	228.41%	74.81%	74.83%	75.46%
Earnings before Interest and Taxes (EBIT)	107	194	113	109	116	44	94	-501	167	63	110
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	192	283	201	197	203	132	182	-412	252	149	195
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.87	1.66	1.26	1.05	1.04	1.12	0.84	0.57	0.70	0.44	0.35
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.99	1.79	1.41	1.21	1.23	1.28	0.96	0.50	0.65	0.42	0.35
Price to Earnings (P/E)	147.19	13.37	9.05	7.85	8.81	139.13	0.00	0.00	0.00	0.00	0.00
Dividend Yield	1.92%	2.17%	2.81%	3.36%	3.37%	3.29%	4.44%	8.69%	6.66%	10.46%	0.00%
Earnings Yield	0.68%	7.48%	11.05%	12.74%	11.36%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.38	1.28	1.11	1.02	1.26	1.05	0.94	0.85	0.89	0.79	0.75
Enterprise Value to Revenue (EV/Rev)	3.37	3.23	2.83	2.64	3.26	2.93	2.66	2.18	2.27	2.04	1.95
Enterprise Value to EBITDA (EV/EBITDA)	7.73	5.93	5.15	4.82	5.79	6.33	5.80	31.94	22.42	17.90	15.58
Enterprise Value to EBIT (EV/EBIT)	14.80	9.63	8.39	7.93	9.50	12.13	11.39	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	16.85	12.50	11.81	11.36	13.53	11.70	10.27	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.38	8.17	7.06	6.59	8.06	6.98	6.73	5.55	5.91	5.44	5.07
Enterprise Value to Free Cash Flow (EV/FCFF)	11.91	14.67	14.21	12.69	13.94	22.46	20.60	22.95	30.50	7.46	6.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.05	2.02	1.94	1.88	1.85	2.00	2.00	2.60	2.29	2.23	2.10
Long-Term Debt to Equity	2.04	2.00	1.93	1.87	1.84	1.99	1.66	2.16	1.88	1.81	2.09
Financial Leverage	1.27	1.37	1.33	1.29	1.25	1.40	1.38	1.53	1.42	1.56	1.54
Leverage Ratio	3.74	3.85	3.79	3.73	3.68	3.69	3.63	3.88	3.73	3.75	3.67
Compound Leverage Factor	2.40	3.11	2.59	2.54	2.59	0.94	2.30	4.14	3.01	2.00	2.66
Debt to Total Capital	67.23%	66.83%	65.98%	65.31%	64.92%	66.66%	66.64%	72.22%	69.62%	69.02%	67.75%
Short-Term Debt to Total Capital	0.35%	0.35%	0.35%	0.35%	0.35%	0.35%	11.15%	12.33%	12.60%	12.83%	0.40%
Long-Term Debt to Total Capital	66.89%	66.49%	65.63%	64.96%	64.57%	66.31%	55.48%	59.90%	57.02%	56.19%	67.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	32.77%	33.17%	34.02%	34.69%	35.08%	33.34%	33.36%	27.78%	30.38%	30.98%	32.25%
Debt to EBITDA	5.02	3.99	3.94	3.97	3.86	4.90	4.96	33.08	21.27	18.66	16.88
Net Debt to EBITDA	3.17	2.64	2.59	2.61	3.61	3.58	3.70	24.67	15.96	14.18	12.77
Long-Term Debt to EBITDA	5.00	3.96	3.92	3.95	3.84	4.87	4.13	27.43	17.42	15.19	16.78
Debt to NOPAT	10.94	8.41	9.02	9.36	9.03	9.06	8.79	-27.33	-23.75	-22.00	-20.50
Net Debt to NOPAT	6.90	5.58	5.94	6.14	8.44	6.61	6.56	-20.39	-17.83	-16.72	-15.52
Long-Term Debt to NOPAT	10.89	8.36	8.98	9.31	8.98	9.01	7.32	-22.67	-19.45	-17.92	-20.38
Altman Z-Score	1.07	1.10	0.99	0.94	0.93	0.90	0.76	0.29	0.73	0.64	0.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.81	1.69	1.86	1.81	0.93	1.31	0.36	0.37	0.38	0.40	1.75
Quick Ratio	1.49	1.40	1.45	1.43	0.79	0.99	0.25	0.27	0.29	0.28	1.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	239	47	25	50	78	112	-107	-69	328	637	657
Operating Cash Flow to CapEx	232.59%	131.39%	259.64%	219.03%	229.32%	241.18%	164.09%	212.76%	218.20%	197.51%	174.94%
Free Cash Flow to Firm to Interest Expense	6.21	1.26	0.71	1.42	2.27	3.38	-3.10	-2.03	10.25	21.55	21.71
Operating Cash Flow to Interest Expense	4.67	4.09	4.60	4.45	5.15	5.07	3.38	4.27	4.89	4.92	3.91
Operating Cash Flow Less CapEx to Interest Expense	2.66	0.98	2.83	2.42	2.90	2.97	1.32	2.27	2.65	2.43	1.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.25	0.24	0.24	0.24	0.24	0.24	0.25	0.25	0.25	0.25
Accounts Receivable Turnover	22.89	19.93	31.13	23.19	22.16	20.82	28.67	24.96	25.65	25.82	29.97
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.99	0.96	0.95	0.00	0.91	0.88	0.87	0.87	0.85	0.84	0.83
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	15.94	18.31	11.72	15.74	16.47	17.53	12.73	14.62	14.23	14.14	12.18
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	15.94	18.31	11.72	15.74	16.47	17.53	12.73	14.62	14.23	14.14	12.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,135	4,227	4,219	4,205	4,146	4,417	4,421	3,931	3,894	3,861	3,830
Invested Capital Turnover	0.40	0.40	0.40	0.39	0.39	0.37	0.36	0.38	0.38	0.36	0.36
Increase / (Decrease) in Invested Capital	-140	64	67	40	11	190	202	-274	-252	-556	-592
Enterprise Value (EV)	5,696	5,421	4,703	4,298	5,227	4,635	4,141	3,358	3,459	3,063	2,868
Market Capitalization	3,364	3,004	2,337	1,973	1,965	2,015	1,496	764	997	636	517
Book Value per Share	$320.65	$322.12	$329.77	$334.62	$335.39	$319.60	$315.50	$237.64	$254.36	$254.41	$260.71
Tangible Book Value per Share	($309.20)	($305.44)	($294.74)	($286.90)	($283.72)	($296.54)	($297.01)	($267.95)	($248.44)	($245.16)	($230.80)
Total Capital	5,501	5,455	5,446	5,421	5,372	5,386	5,322	4,815	4,712	4,628	4,585
Total Debt	3,699	3,646	3,593	3,540	3,488	3,590	3,546	3,477	3,281	3,194	3,106
Total Long-Term Debt	3,680	3,627	3,574	3,521	3,469	3,572	2,953	2,884	2,687	2,600	3,088
Net Debt	2,332	2,418	2,366	2,325	3,261	2,621	2,646	2,594	2,462	2,427	2,351
Capital Expenditures (CapEx)	77	115	63	71	77	70	71	68	72	74	68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-44	-32	-31	-31	-232	-70	-49	-49	-54	-12	-18
Debt-free Net Working Capital (DFNWC)	195	159	180	170	-5.77	84	101	104	113	141	147
Net Working Capital (NWC)	176	140	161	151	-25	65	-493	-490	-481	-453	129
Net Nonoperating Expense (NNE)	69	7.29	55	51	45	407	93	95	-9.95	89	30
Net Nonoperating Obligations (NNO)	2,332	2,418	2,366	2,325	2,261	2,621	2,646	2,594	2,462	2,427	2,351
Total Depreciation and Amortization (D&A)	85	90	88	88	87	88	88	88	86	86	86
Debt-free, Cash-free Net Working Capital to Revenue	-2.63%	-1.89%	-1.87%	-1.92%	-14.49%	-4.40%	-3.12%	-3.17%	-3.52%	-0.80%	-1.24%
Debt-free Net Working Capital to Revenue	11.54%	9.45%	10.82%	10.43%	-0.36%	5.32%	6.46%	6.75%	7.40%	9.38%	10.00%
Net Working Capital to Revenue	10.41%	8.32%	9.67%	9.28%	-1.54%	4.14%	-31.69%	-31.74%	-31.52%	-30.15%	8.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.03	$18.40	$6.65	$6.79	$7.86	($18.72)	$0.46	($77.70)	$15.33	($1.30)	$6.29
Adjusted Weighted Average Basic Shares Outstanding	5.61M	5.65M	5.62M	5.62M	5.62M	5.62M	5.63M	5.64M	5.64M	5.64M	5.69M
Adjusted Diluted Earnings per Share	$6.81	$17.40	$6.46	$6.58	$7.58	($17.19)	$0.46	($77.70)	$14.52	($0.49)	$6.12
Adjusted Weighted Average Diluted Shares Outstanding	6.03M	6.06M	6.03M	6.03M	6.04M	6.04M	5.64M	5.64M	6.07M	5.64M	6.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.62M	5.62M	5.62M	5.62M	5.62M	5.63M	5.63M	5.63M	5.64M	5.67M	5.67M
Normalized Net Operating Profit after Tax (NOPAT)	101	113	94	91	93	74	100	70	77	83	67
Normalized NOPAT Margin	24.04%	27.32%	23.24%	23.14%	23.59%	19.05%	26.15%	18.48%	20.60%	22.83%	19.12%
Pre Tax Income Margin	16.32%	38.09%	19.04%	18.89%	20.67%	2.93%	15.71%	-140.29%	35.77%	9.32%	22.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.78	5.23	3.15	3.13	3.38	1.34	2.74	-14.77	5.20	2.15	3.62
NOPAT to Interest Expense	2.57	2.99	2.58	2.56	2.60	9.12	2.77	-10.10	2.39	2.75	2.16
EBIT Less CapEx to Interest Expense	0.77	2.12	1.38	1.10	1.13	-0.76	0.68	-16.78	2.96	-0.34	1.39
NOPAT Less CapEx to Interest Expense	0.56	-0.13	0.81	0.52	0.35	7.02	0.71	-12.11	0.15	0.26	-0.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	288.92%	29.52%	25.81%	26.82%	30.35%	468.94%	-337.09%	-10.31%	-7.52%	-4.83%	0.00%
Augmented Payout Ratio	927.11%	73.86%	48.22%	33.39%	30.35%	468.94%	-337.09%	-10.31%	-7.52%	-4.83%	0.00%

Financials Breakdown Chart

Key Financial Trends

Cable One’s latest quarter shows a sharp earnings recovery, but the balance sheet remains heavily leveraged and the business is still dealing with revenue pressure and significant non-operating noise. In Q1 2026, revenue declined year over year, yet the company posted a meaningful profit rebound versus the prior quarter and generated solid operating cash flow. That said, Cable One continues to carry a large debt load, and its equity base is thin relative to liabilities.

Q1 2026 operating cash flow was strong at $118.2 million, showing the core business still generates substantial cash despite softer reported earnings.
Net income rebounded to $35.8 million in Q1 2026 after a $7.6 million loss in Q4 2025, a notable sequential improvement.
Operating income improved to $86.6 million in Q1 2026, up from $76.6 million in Q4 2025, suggesting better operating efficiency.
Capital spending remained controlled at $68.4 million, which helped preserve free cash flow generation.
Cash and equivalents increased to $165.6 million from $166.6 million in the prior quarter, while the company also generated a positive net change in cash.
Revenue was $353.0 million in Q1 2026, down from $363.7 million in Q4 2025 and $380.6 million in Q1 2025, indicating continued top-line softness.
Gross profit matched revenue because cost of revenue was reported at zero, which makes the income statement harder to interpret on a standard gross margin basis.
The quarter included $43.1 million of divestiture proceeds, which boosted investing cash flow and may not be repeatable.
Long-term investments fell to $590.0 million from $651.6 million in Q3 2025, reflecting a sizable reduction in investment assets.
Total debt remains very high at about $3.11 billion long-term plus $18.2 million short-term, leaving Cable One highly levered.
Total liabilities of $4.05 billion dwarf shareholders’ equity of $1.48 billion, highlighting a stretched capital structure.
Net income in Q1 2026 was supported by a large non-operating swing, including $24.1 million of other losses, so headline profitability still appears somewhat volatile.
Year-over-year revenue declined from $380.6 million in Q1 2025 to $353.0 million in Q1 2026, suggesting the business is still facing customer or pricing pressure.
Interest expense remains a major burden, with Q1 2026 cash interest paid at $25.1 million, limiting financial flexibility.
Comparing back to 2024, the trend in profitability has been uneven, with periods of strong earnings offset by sharp losses and impairment-related volatility in 2025.

Longer-term trend: Cable One’s business has held up on a cash basis, but the last four years show pressure on revenue, occasional earnings instability, and a highly leveraged balance sheet. The company’s ability to keep producing operating cash flow is encouraging, but investors should watch debt reduction, revenue stabilization, and whether recent profit improvement can be sustained without one-time items.

07/29/26 12:06 AM ETAI Generated. May Contain Errors.

Cable One Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Cable One's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Cable One's net income appears to be on a downward trend, with a most recent value of -$356.46 million in 2025, falling from $91.82 million in 2015. The previous period was $14.48 million in 2024. See where experts think Cable One is headed by visiting Cable One's forecast page.

Cable One's total operating income in 2025 was -$207.36 million, based on the following breakdown:

Total Gross Profit: $1.50 billion
Total Operating Expenses: $1.71 billion

Over the last 10 years, Cable One's total revenue changed from $807.27 million in 2015 to $1.50 billion in 2025, a change of 86.0%.

Cable One's total liabilities were at $4.15 billion at the end of 2025, a 12.2% decrease from 2024, and a 331.2% increase since 2015.

In the past 10 years, Cable One's cash and equivalents has ranged from $119.20 million in 2015 to $574.91 million in 2020, and is currently $152.77 million as of their latest financial filing in 2025.

Over the last 10 years, Cable One's book value per share changed from 74.36 in 2015 to 254.41 in 2025, a change of 242.1%.

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Financial statements for NYSE:CABO last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Cable One (CABO) Financials

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Cable One (CABO) Financials

Annual Income Statements for Cable One

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Quarterly Cash Flow Statements for Cable One

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When does Cable One's financial year end?

How has Cable One's net income changed over the last 10 years?

What is Cable One's operating income?

How has Cable One's revenue changed over the last 10 years?

How much debt does Cable One have?

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How has Cable One's book value per share changed over the last 10 years?

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