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Cable One, Inc., together with its subsidiaries, provides data, video, and voice services to residential and business customers in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home, as well as expert technology support and network security services. It also provides various residential video services from basic video service to digital services with access to hundreds of channels. In addition, the company offers Sparklight TV, an IPTV video service and a cloud-based digital video recorder (DVR) service that allows customers to stream video channels from the cloud through a new app on supported devices, such as the Amazon Firestick, Apple TV, and Android-based smart televisions that does not require the use of a set-top box. Further, it provides traditional telecommunications services; residential voice services; fiber optic-based products include dark fiber, E-Line, E-Lan and E-Access ethernet services; and network-to-network interface connections. Additionally, it provides data, voice, and video products to business customers, including small to mid-markets, enterprises, and wholesale and carrier customers. Cable One, Inc. was incorporated in 1980 and is headquartered in Phoenix, Arizona.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $162M | $-356M | $274M | -24.9% | -4.9% | -2561.7% |
| 2024 | $1.6B | $724M | $14M | $368M | 0.8% | -5.9% | -93.6% |
| 2023 | $1.7B | $906M | $225M | $293M | 12.4% | -1.6% | 5.4% |
| 2022 | $1.7B | $850M | $213M | $327M | 12.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,706.04 | 1,678.08 | 1,579.54 | 1,501.42 |
| Operating Revenue | - | 1,608.15 | 1,578.88 | 1,480.32 | 1,407.74 |
| Cost Of Revenue | - | 470.92 | 440.92 | 416.82 | 392.10 |
| Gross Profit | - | 1,235.13 | 1,237.16 | 1,162.72 | 1,109.32 |
| Operating Expense | - | 700.77 | 697.55 | 707.71 | 719.68 |
| Selling General And Administration | - | 350.31 | 354.66 | 365.96 | 381.13 |
| Total Expenses | - | 1,171.69 | 1,138.47 | 1,124.53 | 1,111.78 |
| Operating Income | - | 534.36 | 539.61 | 455.01 | 389.64 |
| Total Operating Income As Reported | - | 538.99 | 526.90 | 441.88 | -207.36 |
| EBITDA | - | 849.87 | 905.86 | 723.93 | 162.14 |
| Normalized EBITDA | - | 885.63 | 882.40 | 875.12 | 727.50 |
| EBIT | - | 499.41 | 562.97 | 382.17 | -176.41 |
| Interest Income | 11.58 | 13.67 | 18.57 | - | - |
| Interest Expense | - | 124.04 | 151.58 | 138 | 129.97 |
| Net Interest Income | - | -124.04 | -151.58 | -138 | -129.97 |
| Other Non Operating Income Expenses | - | 0.82 | -0.10 | 6.87 | -0.69 |
| Other Income Expense | - | -34.95 | 23.36 | -72.84 | -566.05 |
| Interest Income Non Operating | 11.58 | 13.67 | 18.57 | - | - |
| Interest Expense Non Operating | - | 124.04 | 151.58 | 138 | 129.97 |
| Net Non Operating Interest Income Expense | - | -124.04 | -151.58 | -138 | -129.97 |
| Pretax Income | - | 375.36 | 411.40 | 244.18 | -306.38 |
| Tax Provision | - | 119.65 | 72.84 | 25.20 | -87.86 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -11.40 | 4.15 | -15.60 | -162.26 |
| Net Income Continuous Operations | - | 213.06 | 224.62 | 14.48 | -356.46 |
| Net Income From Continuing And Discontinued Operation | - | 213.06 | 224.62 | 14.48 | -356.46 |
| Net Income From Continuing Operation Net Minority Interest | - | 213.06 | 224.62 | 14.48 | -356.46 |
| Net Income | - | 213.06 | 224.62 | 14.48 | -356.46 |
| Net Income Common Stockholders | - | 213.06 | 224.62 | 14.48 | -356.46 |
| Net Income Including Noncontrolling Interests | - | 213.06 | 224.62 | 14.48 | -356.46 |
| Normalized Income | - | 237.42 | 205.31 | 150.07 | 46.64 |
| Diluted NI Availto Com Stockholders | - | 219.27 | 230.84 | 14.48 | -356.46 |
| Basic Average Shares | - | 5.89 | 5.65 | 5.62 | 5.64 |
| Diluted Average Shares | - | 6.31 | 6.06 | 6.04 | 5.64 |
| Reconciled Depreciation | - | 350.46 | 342.89 | 341.75 | 338.55 |
| Reconciled Cost Of Revenue | - | 470.92 | 440.92 | 416.82 | 392.10 |
| Total Unusual Items | - | -35.77 | 23.47 | -151.20 | -565.36 |
| Total Unusual Items Excluding Goodwill | - | -35.77 | 23.47 | -151.20 | -565.36 |
| Earnings From Equity Interest Net Of Tax | - | -42.66 | -113.94 | -204.50 | -137.94 |
| Special Income Charges | - | 4.63 | -16.05 | -5.18 | -583.58 |
| Gain On Sale Of Business | 0 | 13.83 | 0 | 0 | - |
| Other Special Charges | 2.13 | - | 3.34 | -7.96 | -13.42 |
| Write Off | 2.13 | 0 | 3.34 | - | - |
| Impairment Of Capital Assets | - | 0 | 0 | 0 | 586.02 |
| Restructuring And Mergern Acquisition | -33.41 | 0 | 0 | - | - |
| Gain On Sale Of Security | - | -40.40 | 39.51 | -146.02 | 18.22 |
| Depreciation Amortization Depletion Income Statement | - | 350.46 | 342.89 | 341.75 | 338.55 |
| Depreciation And Amortization In Income Statement | - | 350.46 | 342.89 | 341.75 | 338.55 |
| Gain On Sale Of Ppe | - | -9.20 | -12.71 | -13.13 | -10.98 |
| Total Other Finance Cost | 0.20 | - | - | - | - |
| Earnings From Equity Interest | - | 0 | 0 | 71.49 | 0 |
| Average Dilution Earnings | - | 6.22 | 6.22 | 0 | 0 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cable One, Inc.this co. | CABO | $264M | -0.74 | 0.18 | -24.9% | 20.42 |
| Match Group, Inc. | MTCH | $8.1B | 13.22 | -31.99 | -242.0% | 11.51 |
| National CineMedia, Inc. | NCMI | $333M | -31.41 | 0.89 | -2.8% | 11.46 |
| Getty Images Holdings, Inc. | GETY | $330M | -1.60 | 0.60 | -37.3% | 38.16 |
| The E.W. Scripps Company | SSP | $306M | -3.03 |
| - |
| - |
| - |
| - |
| - |
| 0.37 |
| -12.2% |
| 11.85 |
| FuboTV Inc. | FUBO | $299M | -1.74 | 1.52 | -87.7% | -4.54 |
| Crexendo, Inc. | CXDO | $289M | 57.05 | 4.53 | 7.9% | 29.83 |
| ZipRecruiter, Inc. | ZIP | $271M | -8.20 | -3.51 | 42.7% | 55.81 |
| Angi Inc. | ANGI | $261M | 5.96 | 0.28 | 4.7% | 3.60 |
| Peer Median | - | -1.67 | 0.48 | -7.5% | 11.68 | |