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Cable One Inc Financials

CABO
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Cable One Inc (CABO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CABO FY2025

CABO's cash generation still outlasts accounting profit, but shrinking revenue and tighter liquidity now drive the operating story.

FY2025's loss did not behave like a cash collapse: net income was -$357M yet operating cash flow remained $563M. That gap reflects depreciation still exceeding reinvestment; capex was $285M versus depreciation and amortization of $339M, leaving free cash flow positive.

Revenue pressure is now hitting fixed-cost absorption rather than just trimming growth; sales moved from $1.68B in FY2023 to $1.50B in FY2025. Over the same span, operating margin swung from 31.4% to -13.8%, showing how a modest top-line contraction can overwhelm a capital base loaded with depreciation and overhead.

Balance-sheet posture has become more defensive, with long-term debt reduced from $3.68B in FY2023 to $3.21B in FY2025. But current assets were only $307M against $759M of current liabilities, so improving solvency has come alongside a much tighter near-term liquidity cushion than earlier years.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 33 / 100
Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Cable One Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
39

Cable One Inc has an operating margin of -13.8%, meaning the company retains $-14 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is down from 28.0% the prior year.

Growth
24

Cable One Inc's revenue declined 4.9% year-over-year, from $1.6B to $1.5B. This contraction results in a growth score of 24/100.

Leverage
56

Cable One Inc has a moderate D/E ratio of 2.24. This balance of debt and equity financing earns a leverage score of 56/100.

Liquidity
2

Cable One Inc's current ratio of 0.40 is below the typical benchmark, resulting in a score of 2/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
75

Cable One Inc converts 18.5% of revenue into free cash flow ($278.1M). This strong cash generation earns a score of 75/100.

Returns
0

Cable One Inc generates a -24.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 0.8% the prior year.

Piotroski F-Score Weak
3/9

Cable One Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed
-1.58x

For every $1 of reported earnings, Cable One Inc generates $-1.58 in operating cash flow ($563.3M OCF vs -$357.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-1.6x

Cable One Inc earns $-1.6 in operating income for every $1 of interest expense (-$207.4M vs $130.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.5B
YoY-4.9%
5Y CAGR+2.5%
10Y CAGR+6.4%

Cable One Inc generated $1.5B in revenue in fiscal year 2025. This represents a decrease of 4.9% from the prior year.

EBITDA
$131.2M
YoY-83.3%
5Y CAGR-29.2%
10Y CAGR-8.2%

Cable One Inc's EBITDA was $131.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 83.3% from the prior year.

Net Income
-$357.3M
YoY-2567.3%

Cable One Inc reported -$357.3M in net income in fiscal year 2025. This represents a decrease of 2567.3% from the prior year.

EPS (Diluted)
$-63.21
YoY-2559.5%

Cable One Inc earned $-63.21 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 2559.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$278.1M
YoY-26.4%
5Y CAGR-0.2%
10Y CAGR+13.3%

Cable One Inc generated $278.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 26.4% from the prior year.

Cash & Debt
$152.8M
YoY-0.6%
5Y CAGR-23.3%
10Y CAGR+2.5%

Cable One Inc held $152.8M in cash against $3.2B in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.95
YoY-75.0%

Cable One Inc paid $2.95 per share in dividends in fiscal year 2025. This represents a decrease of 75.0% from the prior year.

Shares Outstanding
6M
YoY+0.3%
5Y CAGR-1.3%
10Y CAGR-0.3%

Cable One Inc had 6M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
-13.8%
YoY-41.8pp
5Y CAGR-49.2pp
10Y CAGR-34.1pp

Cable One Inc's operating margin was -13.8% in fiscal year 2025, reflecting core business profitability. This is down 41.8 percentage points from the prior year.

Net Margin
-23.8%
YoY-24.7pp
5Y CAGR-46.8pp
10Y CAGR-35.2pp

Cable One Inc's net profit margin was -23.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 24.7 percentage points from the prior year.

Return on Equity
-24.9%
YoY-25.7pp
5Y CAGR-45.3pp
10Y CAGR-45.2pp

Cable One Inc's ROE was -24.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 25.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$0

Cable One Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$285.3M
YoY-0.4%
5Y CAGR-0.6%
10Y CAGR+5.2%

Cable One Inc invested $285.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 0.4% from the prior year.

CABO Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $353.0M-3.0% $363.7M-3.3% $376.0M-1.3% $381.1M+0.1% $380.6M-1.7% $387.2M-1.6% $393.6M-0.2% $394.5M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $87.2M-6.1% $92.9M-7.9% $100.8M+9.6% $92.0M-3.6% $95.4M-1.0% $96.4M+8.9% $88.4M-2.6% $90.8M
Operating Income $86.6M-5.4% $91.6M-3.3% $94.7M+119.4% -$489.3M-611.4% $95.7M-5.8% $101.6M-7.9% $110.3M+0.1% $110.1M
Interest Expense $30.3M+2.4% $29.6M-7.6% $32.0M-5.6% $33.9M-1.7% $34.5M+4.4% $33.0M-3.4% $34.2M-2.2% $35.0M
Income Tax $19.4M+418.0% $3.7M-85.4% $25.8M+121.9% -$117.6M-58018.7% $203K+100.9% -$22.3M-240.6% $15.9M+12.8% $14.1M
Net Income $35.8M+524.6% -$8.4M-109.7% $86.5M+119.8% -$438.0M-16900.0% $2.6M+102.5% -$105.2M-338.0% $44.2M+15.9% $38.2M
EPS (Diluted) $6.12 N/A $14.52+118.7% $-77.70-16991.3% $0.46 N/A $7.58+15.2% $6.58

CABO Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $5.5B-1.1% $5.6B-1.9% $5.7B-1.4% $5.8B-10.1% $6.4B-1.6% $6.5B-2.0% $6.7B-0.8% $6.7B
Current Assets $300.4M-2.0% $306.6M+2.0% $300.5M+4.6% $287.4M+1.8% $282.4M+1.1% $279.2M-16.7% $335.1M-1.1% $338.7M
Cash & Equivalents $165.6M+8.4% $152.8M-8.3% $166.6M+9.0% $152.9M+2.5% $149.1M-3.0% $153.6M-32.2% $226.6M+12.5% $201.5M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $840.8M0.0% $840.8M0.0% $840.8M0.0% $840.8M-9.6% $929.6M0.0% $929.6M0.0% $929.4M+0.1% $928.9M
Total Liabilities $4.1B-2.5% $4.2B-2.5% $4.3B-3.9% $4.4B-4.6% $4.6B-1.7% $4.7B-1.0% $4.8B-1.2% $4.8B
Current Liabilities $171.2M-77.5% $759.3M-2.8% $781.2M+0.5% $776.9M+0.2% $775.5M+262.6% $213.9M-40.6% $359.8M+91.9% $187.5M
Long-Term Debt $3.1B-2.8% $3.2B-2.7% $3.3B-5.7% $3.5B-2.0% $3.6B-1.2% $3.6B+2.9% $3.5B-1.5% $3.6B
Total Equity $1.5B+3.2% $1.4B+0.1% $1.4B+7.1% $1.3B-24.7% $1.8B-1.1% $1.8B-4.7% $1.9B+0.2% $1.9B
Retained Earnings $1.4B+2.7% $1.3B-0.6% $1.3B+6.9% $1.3B-25.9% $1.7B-0.9% $1.7B-6.7% $1.8B+1.5% $1.8B

CABO Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $118.2M-18.8% $145.5M-7.0% $156.5M+8.0% $144.9M+24.6% $116.3M-30.6% $167.6M-4.9% $176.2M+13.3% $155.5M
Capital Expenditures $68.4M-7.5% $74.0M+3.1% $71.8M+5.0% $68.4M-3.9% $71.1M-1.1% $71.9M-6.6% $77.0M+7.5% $71.6M
Free Cash Flow $49.8M-30.4% $71.6M-15.6% $84.8M+10.7% $76.6M+69.4% $45.2M-52.8% $95.7M-3.6% $99.2M+18.2% $84.0M
Investing Cash Flow -$23.9M+68.4% -$75.7M-245.3% $52.1M+170.4% -$74.0M-30.9% -$56.6M+82.5% -$322.4M-306.5% -$79.3M+14.5% -$92.8M
Financing Cash Flow -$81.5M+2.7% -$83.7M+57.0% -$194.9M-190.3% -$67.1M-4.4% -$64.3M-178.7% $81.8M+213.9% -$71.8M+0.3% -$72.0M
Dividends Paid $0 $0 $0 $0-100.0% $17.2M+1.8% $16.9M-0.6% $17.0M-0.5% $17.1M
Share Buybacks N/A N/A N/A N/A N/A $0 $0 $0

CABO Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 24.5%-0.6pp 25.2%-0.0pp 25.2%+153.6pp -128.4%-153.6pp 25.1%-1.1pp 26.2%-1.8pp 28.0%+0.1pp 27.9%
Net Margin 10.1%+12.5pp -2.3%-25.3pp 23.0%+137.9pp -114.9%-115.6pp 0.7%+27.9pp -27.2%-38.4pp 11.2%+1.6pp 9.7%
Return on Equity 2.4%+3.0pp -0.6%-6.6pp 6.0%+38.8pp -32.8%-32.9pp 0.1%+6.0pp -5.9%-8.2pp 2.4%+0.3pp 2.0%
Return on Assets 0.7%+0.8pp -0.1%-1.7pp 1.5%+9.1pp -7.6%-7.6pp 0.0%+1.7pp -1.6%-2.3pp 0.7%+0.1pp 0.6%
Current Ratio 1.75+1.4 0.40+0.0 0.38+0.0 0.370.0 0.36-0.9 1.31+0.4 0.93-0.9 1.81
Debt-to-Equity 2.11-0.1 2.24-0.1 2.30-0.3 2.61+0.6 2.010.0 2.01+0.1 1.86-0.0 1.90
FCF Margin 14.1%-5.6pp 19.7%-2.9pp 22.5%+2.4pp 20.1%+8.2pp 11.9%-12.8pp 24.7%-0.5pp 25.2%+3.9pp 21.3%

Note: The current ratio is below 1.0 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Cable One Inc (CABO) reported $1.5B in total revenue for fiscal year 2025. This represents a -4.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Cable One Inc (CABO) revenue declined by 4.9% year-over-year, from $1.6B to $1.5B in fiscal year 2025.

No, Cable One Inc (CABO) reported a net income of -$357.3M in fiscal year 2025, with a net profit margin of -23.8%.

Cable One Inc (CABO) reported diluted earnings per share of $-63.21 for fiscal year 2025. This represents a -2559.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cable One Inc (CABO) had EBITDA of $131.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Cable One Inc (CABO) had $152.8M in cash and equivalents against $3.2B in long-term debt.

Cable One Inc (CABO) had an operating margin of -13.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Cable One Inc (CABO) had a net profit margin of -23.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Cable One Inc (CABO) paid $2.95 per share in dividends during fiscal year 2025.

Cable One Inc (CABO) has a return on equity of -24.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Cable One Inc (CABO) generated $278.1M in free cash flow during fiscal year 2025. This represents a -26.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Cable One Inc (CABO) generated $563.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Cable One Inc (CABO) had $5.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Cable One Inc (CABO) invested $285.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Cable One Inc (CABO) had 6M shares outstanding as of fiscal year 2025.

Cable One Inc (CABO) had a current ratio of 0.40 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Cable One Inc (CABO) had a debt-to-equity ratio of 2.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Cable One Inc (CABO) had a return on assets of -6.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Cable One Inc (CABO) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Cable One Inc (CABO) has an earnings quality ratio of -1.58x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Cable One Inc (CABO) has an interest coverage ratio of -1.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Cable One Inc (CABO) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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