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.
Peer comparison
Dec 31, 2023