CABO Cable One, Inc.

Overview and Growth

In fiscal 2025, Cable One, Inc. recorded $1.50B of revenue, net loss of $356.46M, and an operating cash inflow of $563.33M. The $1.50B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 4.9% from $1.58B in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was -$63.21, which connects the reported earnings outcome with the company’s diluted share count. At period end, total assets were $5.59B, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.27x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The company recorded an operating loss of $207.36M after the reported operating expense base. An operating margin of -13.8% reflected costs exceeding revenue-level gross profit by 13.8% of sales. The company ended the period with a net loss of $356.46M, extending the operating result through all remaining items. Net margin was -23.7%, reflecting a loss equal to 23.7% of reported revenue. EBITDA was $131.19M, supplying an additional view of reported operating earnings before interest, taxes, depreciation, and amortization. An income-tax benefit of $87.86M improved the final result relative to pretax income or loss. Relative to period-end equity, the net loss represented 24.9%. Relative to total assets, the net loss represented 6.4%. A $356.46M net loss replaced fiscal 2024 net income of $14.48M.

Liquidity and Capital Structure

The company held $5.59B of assets against $4.15B of liabilities and $1.43B of equity, revealing how the asset base was financed. At period end, current assets of $306.58M compared with current liabilities of $759.32M, defining the company’s short-term resource position. The current ratio was 0.4x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $152.77M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 20.1% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $3.21B of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 2.24x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 57.4%, comparing borrowing with the total asset balance. Equity equaled 25.7% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 74.3% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 2.7%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 14.4% from $6.53B in fiscal 2024, leaving current total assets lower year over year. Reported equity changed 20.2% from $1.80B in fiscal 2024, placing the current capital base lower year over year. Compared with $153.63M in fiscal 2024, the current cash balance moved 0.6% and finished lower.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $563.33M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The cash-flow statement records $285.25M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 50.6% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $278.07M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 18.5%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 5.0%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.