Cable One Inc (CABO)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	792,774	872,192	796,344	808,247	630,261
Revenue	US$ in thousands	1,490,330	1,572,960	1,482,430	1,329,070	1,092,070
Gross profit margin		53.19%	55.45%	53.72%	60.81%	57.71%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $792,774K ÷ $1,490,330K
= 53.19%

Cable One Inc has consistently maintained a gross profit margin of 100% over the past five years, indicating that the company is effectively managing its production costs and generating significant revenue from its core operations. This level of gross profit margin reflects the company's ability to efficiently control its cost of goods sold while commanding strong pricing power in the market. A gross profit margin of 100% suggests that for every dollar of revenue generated, the company is able to retain the entire amount after deducting the costs directly associated with production. This stable and high gross profit margin further underscores Cable One Inc's competitive position and operational efficiency in the industry.