Cable One, Inc (CABO) AI Stock Analysis

Established in 1980 and headquartered in Phoenix, Arizona, Cable One, Inc. operates as a provider of data, video, and voice services across 24 states under its Sparklight, Fidelity, and Clearwave brands. For residential customers, the company delivers data services designed to strengthen home Wi-Fi connectivity, as well as video services featuring local networks, digital programming, whole-home DVRs, high-definition set-top boxes, premium channels, and TV Everywhere streaming products. Cable One also serves business clients ranging from small to mid-sized enterprises to larger corporations and wholesale accounts with tailored data, voice, and video solutions.

Cable One saw its revenue rise from $1.61B in FY2021 to $1.71B in FY2022 before contracting across three consecutive fiscal years. Revenue dropped to $1.68B in FY2023, $1.58B in FY2024, and $1.50B in FY2025, yielding a 5-year revenue CAGR of 2.5%. Gross margin stood at 73.6% in FY2024 before dropping to 51.3% in FY2025, while operating margin narrowed from 31.6% in FY2022 to 26.5% in FY2025. After net income fell from $267.4M in FY2023 to $14.5M in FY2024, the company recorded net income of -$356.5M in FY2025. In the latest quarter ending June 30, 2026, quarterly revenue fell 8.4% year-over-year, while quarterly earnings growth was 1229.6%.

As of June 30, 2026, Cable One held $166.2M in cash and short-term investments against total debt of $3.05B, resulting in net debt of $2.89B. The company reported a current ratio of 0.48 and a debt-to-equity ratio of 9.35 on shareholders' equity of $326.4M. In FY2025, operating cash flow reached $563.3M and free cash flow was $274.4M. Cash usage during FY2025 included capital expenditures of $289.0M, share buybacks of $2.6M, and dividends paid of $17.2M.

With a market cap of $41.0M and an enterprise value of $2.98B, Cable One trades at a forward P/E of 22.3x, compared to the median of 14.1x for its US-listed Communication Services peers. Its EV to EBITDA ratio is 18.3x versus the peer median of 10.0x, while its price-to-sales ratio is 0.0x versus 0.8x for peers. Over the past year, CABO dropped 95.5%, trailing the S&P 500 (SPY) return of 16.8%. Over a 5-year period, the stock declined 99.6% while SPY gained 83.0%.

Wall Street coverage consists of 5 Hold ratings and 1 StrongSell rating, with 0 Buy or StrongBuy ratings. The mean price target is $44.25, representing a 512.0% premium over the last close of $7.23. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $1.41B and EPS of -$177.53. For the following fiscal year, 1 analyst expects revenue of $1.48B and EPS of $14.54. Over the last 4 quarters, the company beat EPS estimates 1 time. The next earnings date is November 5, 2026.

This page is an AI-written research summary of Cable One, Inc (CABO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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