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CABO

Cable One, Inc.

CABO

Cable One, Inc. • NYSE
$117.19 ▲ 3.69% (+4.17)
Market Cap $660.29 M
52w High $428.14
52w Low $96.67
Dividend Yield 5.90%
P/E -1.45
Volume 113.61K
Outstanding Shares 5.63M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $376.012M ▼ $185.248M ▼ $86.532M ▲ 23.013% ▲ $15.33 ▲ $227.66M ▲
Q2-2025 $381.072M ▲ $768.039M ▲ $-437.976M ▼ -114.933% ▼ $-77.7 ▼ $-414.577M ▼
Q1-2025 $380.601M ▼ $185.075M ▼ $2.607M ▲ 0.685% ▲ $0.46 ▲ $179.728M ▲
Q4-2024 $387.213M ▼ $185.774M ▲ $-105.238M ▼ -27.178% ▼ $-18.71 ▼ $130.015M ▼
Q3-2024 $393.555M $178.653M $44.215M 11.235% $8.14 $200.716M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $166.649M ▲ $5.694B ▼ $4.263B ▼ $1.432B ▲
Q2-2025 $152.876M ▲ $5.774B ▼ $4.436B ▼ $1.337B ▼
Q1-2025 $149.088M ▼ $6.423B ▼ $4.648B ▼ $1.775B ▼
Q4-2024 $153.631M ▼ $6.526B ▼ $4.73B ▼ $1.796B ▼
Q3-2024 $226.641M $6.661B $4.776B $1.885B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $86.532M ▲ $-429.498M ▼ $52.116M ▲ $-194.862M ▼ $13.773M ▲ $-501.263M ▼
Q2-2025 $-437.976M ▼ $144.942M ▲ $-74.037M ▼ $-67.117M ▼ $3.788M ▲ $213.316M ▲
Q1-2025 $2.607M ▲ $116.332M ▼ $-56.556M ▲ $-64.319M ▼ $-4.543M ▲ $48.841M ▼
Q4-2024 $-105.238M ▼ $167.621M ▼ $-322.394M ▼ $81.763M ▲ $-73.01M ▼ $92.823M ▼
Q3-2024 $44.216M $176.209M $-79.313M $-71.773M $25.123M $253.179M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Business Data
Business Data
 $0 ▲$60.00M ▲$60.00M ▲$60.00M ▲
Business Other
Business Other
 $0 ▲$20.00M ▲$20.00M ▲$20.00M ▲
Product and Service Other
Product and Service Other
 $30.00M ▲$20.00M ▼$20.00M ▲$20.00M ▲
Fees Imposed by Various Governmental Authorities Passed Through to Customer
Fees Imposed by Various Governmental Authorities Passed Through to Customer
 $10.00M ▲$10.00M ▲$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has been roughly flat to slightly down over the past few years, with a clear dip in the most recent year after a prior peak. Profitability has weakened more than sales: operating profit and cash-style earnings slipped from earlier highs, and bottom‑line net income fell sharply most recently, landing close to break‑even. This suggests pressure from higher costs, competitive dynamics, or heavier interest and depreciation burdens, even though the core business still generates solid gross profit. Overall, the trend is from strong and expanding earnings a few years ago to much thinner profits now, which is an important shift in the story.

Balance Sheet

Balance Sheet The balance sheet shows a capital‑intensive business with sizable fixed assets and a meaningful debt load. Total assets have edged down slightly from their peak, while shareholder equity has stayed fairly stable, which implies gradual balance‑sheet wear but not a dramatic deterioration. Debt has risen significantly versus several years ago and now represents a large share of the capital structure, though it has been roughly steady in recent years. Cash on hand has trended down from earlier, more comfortable levels, pointing to tighter liquidity and a greater reliance on ongoing cash generation and credit markets to fund operations and investment.

Cash Flow

Cash Flow Operating cash flow has been consistently healthy and relatively stable, even as reported earnings have come under pressure. Free cash flow has remained positive each year, though not on a strong growth path, reflecting the burden of sizable, ongoing capital spending to upgrade and expand the network. Management appears to be prioritizing long‑term infrastructure investment over near‑term reported profits, and the business is largely self‑funding these projects from internal cash rather than burning cash. The picture is of a company that still throws off dependable cash, but with less room for error as profits narrow and capital needs stay high.

Competitive Edge

Competitive Edge Cable One’s niche is smaller, rural, and suburban markets where it often faces fewer large national competitors and can become the primary high‑speed internet provider. This local scale, combined with a deliberate shift away from legacy cable TV toward high‑speed broadband, gives it a defensible position and aligns with how customers actually use connectivity today. Strong community ties and customer relationships add to this moat, as does its history of targeted acquisitions that deepen its presence in chosen regions. The main competitive risks are new technologies like fixed‑wireless or fiber from rivals, and government‑backed broadband initiatives that could attract more players into its territories.

Innovation and R&D

Innovation and R&D Innovation is focused on network quality and future‑proofing rather than flashy consumer gadgets. The company is pushing fiber‑to‑the‑home in more areas, preparing its cable systems for next‑generation DOCSIS and the broader “10G” roadmap, and aiming for multi‑gigabit, symmetrical speeds. It has moved its TV product to an app‑based streaming platform, expanded business‑class services, and invested in digital tools, automation, and cybersecurity to run the network more efficiently and securely. These efforts are strategically sound but capital‑intensive, and the payoff depends on execution: how quickly it can monetize faster speeds, defend share as technology evolves, and make sure these investments translate into better customer experience and pricing power.

Summary

Cable One is a mature, infrastructure‑heavy broadband provider with a strong foothold in less‑dense markets and a clear strategic focus on high‑speed internet over traditional TV. The financial picture shows steady cash generation but weakening earnings, rising capital intensity, and a heavier, though stable, debt load. Its competitive position is supported by local scale, limited direct competition in many markets, and deep community relationships, but it operates in a sector being reshaped by new technologies, regulatory programs, and shifting customer preferences. The core question going forward is whether its substantial network investments and technology upgrades can reignite profit growth and strengthen its already solid competitive moat without putting too much strain on the balance sheet and cash flows.

NEWS

November 6, 2025 · 4:15 PM UTC

Cable One Reports Third Quarter 2025 Results

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October 23, 2025 · 4:30 PM UTC

Cable One to Host Conference Call to Discuss Third Quarter 2025 Results

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September 30, 2025 · 10:50 AM UTC

Cable One Chief Operating Officer Ken Johnson Inducted into Cable TV Pioneers

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